Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 428

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 428
---
 28,207,722

    $
    27,824,105

    Stockholders’ equity

    2,130,743

    2,221,483

    Total liabilities and stockholders’ equity
     
    $
    30,338,465

    $
    30,045,588

    Net interest income/spread

    $
    956,127

    2.91
    %

    $
    1,070,645

    3.35
    %

    Net interest margin

    3.17
    %

    3.58
    %

(1)Due to immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.

(2)Loans on nonaccrual status are included in average balances.

(3)Please refer to the Net Interest Income table included in “Results of Operations” for additional information on our company’s average balances and operating interest and expenses.

43

    For the Year Ended December 31, 2022

    AverageBalance

    InterestIncome/Expense

    AverageInterest Rate

    Assets:

    Interest-bearing cash and federal funds sold
     
    $
    603,840

    $
    13,915

    2.30
    %

    U.S. government agencies

    2,493

    42

    1.70

    State and municipal securities (tax-exempt) (1)

    2,361

    49

    2.06

    Mortgage-backed securities

    1,008,770

    19,840

    1.97

    Corporate fixed income securities

    724,184

    19,627

    2.71

    Asset-backed securities

    5,932,662

    208,197

    3.51

    Federal Home Loan Bank and other capital stock

    62,339

    2,612

    4.19

    Loans (2)

    Securities-based loans

    2,879,651

    106,758

    3.71

    Commercial and industrial

    4,784,928

    241,792

    5.05

    Fund banking

    3,750,297

    160,780

    4.29