Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 307

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 307
---
 VaR
     
    $
    16,114

    $
    5,259

    $
    9,703

    $
    8,563

    $
    6,464

Stifel Bancorp’s interest rate risk is principally associated with changes in market interest rates related to residential, consumer, and commercial lending activities, as well as FDIC-insured deposit accounts to customers of our broker-dealer subsidiaries and to the general public.

Our primary emphasis in interest rate risk management for Stifel Bancorp is the matching of assets and liabilities of similar cash flow and repricing time frames. This matching of assets and liabilities reduces exposure to interest rate movements and aids in stabilizing positive interest spreads. Stifel Bancorp has established limits for acceptable interest rate risk and acceptable portfolio value risk. To ensure that Stifel Bancorp is within the limits established for net interest income, an analysis of net interest income based on various shifts in interest rates is prepared each quarter and presented to Stifel Bancorp’s Board of Directors. Stifel Bancorp utilizes a third-party model to analyze the available data.

63

The following table illustrates the estimated change in net interest income at December 31, 2024, based on shifts in interest rates of up to positive 200 basis points and negative 200 basis points:

    Hypothetical Change in Interest Rates
     
    Projected Changein Net InterestMargin

    +200

    3.4
    %

    +100

    1.8

    0

    —

    -100

    (1.2
    )

    -200

    (3.6
    )

The following GAP Analysis table indicates Stifel Bancorp’s interest rate sensitivity position at December 31, 2024 (in thousands):

    Repricing Opportunities

    0-6 Months

    7-12 Months

    1-5 Years

    5+ Years

    Interest-earning assets:

    Loans
     
    $
    12,746,379

    $
    545,456

    $
    4,892,759

    $
    3,109,357

    Securities

    6,625,933

    330,650

    544,459

    904,481

    Interest-bearing cash

    1,431,315

    —

    —

    —

    $
    20,803