Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 483

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 483
---
135
    )

    (65,415
    )

    Other

    442

    380

    1,122

    Balance, end of year

    3,794,609

    3,398,610

    3,169,095

    Accumulated other comprehensive income/(loss):

    Balance, beginning of year

    (74,326
    )

    (117,960
    )

    4,718

    Unrealized gains/(losses) on securities, net of tax

    4,713

    38,180

    (177,731
    )

    Foreign currency translation adjustment, net of tax

    (6,025
    )

    5,454

    55,053

    Balance, end of year

    (75,638
    )

    (74,326
    )

    (117,960
    )

    Treasury stock, at cost:

    Balance, beginning of year

    (636,699
    )

    (352,482
    )

    (351,098
    )

    Distributions under employee plans

    151,278

    159,659

    104,447

    Common stock repurchased

    (144,097
    )

    (443,876
    )

    (105,831
    )

    Balance, end of year

    (629,518
    )

    (636,699
    )

    (352,482
    )

    Total Shareholders’ Equity
     
    $
    5,686,770

    $
    5,294,431

    $
    5,328,471

See accompanying Notes to Consolidated Financial Statements.

73

STIFEL FINANCIAL CORP.

Consolidated Statements of Cash Flows

    Year Ended December 31,

    (in thousands)
     
    2024

    2023

    2022

    Cash Flows From Operating Activities:

    Net income
     
    $
    731,379

    $
    522,536

    $
    662,155

    Adjustments to reconcile net income to net cash provided by   operating activities:

    Depreciation and amortization

    62,398

    60,533

    50,615

    Amortization of loans and advances to financial advisors and other employees