Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 446

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 446
---
,648,308

    $
    3,361,801

    Receivables from brokers, dealers, and clearing organizations

    486,465

    414,144

    Securities purchased under agreements to resell

    528,976

    349,849

    Financial instruments owned at fair value

    1,109,507

    834,279

    Available-for-sale securities at fair value

    1,584,598

    1,551,686

    Held-to-maturity securities at amortized cost

    6,524,954

    5,888,798

    Investments

    30,785

    23,189

    Total cash and assets readily convertible to cash
     
    $
    12,913,593

    $
    12,423,746

As of December 31, 2024 and 2023, the amount of collateral by asset class is as follows (in thousands):

    December 31, 2024

    December 31, 2023

    Contractual

    Contingent

    Contractual

    Contingent

    Cash and cash equivalents
     
    $
    142,901

    $
    —

    $
    185,195

    $
    —

    Financial instruments owned at fair value

    657,984

    657,984

    417,644

    417,644

    Investment portfolio (AFS & HTM)

    —

    3,019,850

    —

    2,076,717

    $
    800,885

    $
    3,677,834

    $
    602,839

    $
    2,494,361

53

Liquidity Available From Subsidiaries

Liquidity is principally available to our company from Stifel and Stifel Bancorp. 

Stifel is required to maintain net capital equal to the greater of $1 million or two percent of aggregate debit items arising from client transactions. Covenants in the Company’s committed financing facilities require the excess net capital of Stifel, our principal broker-dealer subsidiary, to be above a defined amount. At December 31, 2024, Stifel’s excess net capital exceeded the minimum requirement, as defined. There are also limitations on the amount of dividends that may be declared by a broker