Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 84

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 84
---
    490,440

    529,033

    23.3

    (7.3
    )

    Transactional revenues

    1,360,588

    1,164,037

    1,239,622

    16.9

    (6.1
    )

    Capital raising

    417,399

    265,667

    256,862

    57.1

    3.4

    Advisory

    577,432

    465,588

    714,623

    24.0

    (34.8
    )

    Investment banking

    994,831

    731,255

    971,485

    36.0

    (24.7
    )

    Asset management

    1,536,674

    1,299,496

    1,262,919

    18.3

    2.9

    Net interest

    1,035,098

    1,145,409

    897,728

    (9.6
    )

    27.6

    Other income

    43,129

    8,747

    19,685

    393.1

    (55.6
    )

    Total net revenues
     
    $
    4,970,320

    $
    4,348,944

    $
    4,391,439

    14.3
    %

    (1.0
    )%

Year Ended December 31, 2024, Compared With Year Ended December 31, 2023

For the year ended December 31, 2024, net revenues increased 14.3% to a record $4.97 billion from $4.35 billion in 2023. The increase was primarily attributable to higher investment banking, asset management, and transactional revenues, partially offset by lower net interest income.

32

Commissions – Commission revenues are primarily generated from agency transactions in OTC and listed equity securities, insurance products, and options. In addition, commission revenues also include distribution fees for promoting and distributing mutual funds.

For the year ended December 31, 2024, commission revenues increased 12.2% to $756.0 million from $673.6 million in 2023.

Principal