Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 673

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 673
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See accompanying Notes to Consolidated Financial Statements.

72

STIFEL FINANCIAL CORP.

Consolidated Statements of Changes in Shareholders’ Equity

    Year ended December 31,

    (in thousands, except per share amounts)
     
    2024

    2023

    2022

    Preferred stock, par value $1.00 per share:

    Balance, beginning of year
     
    $
    685,000

    $
    685,000

    $
    685,000

    Issuance of preferred stock

    —

    —

    —

    Balance, end of year

    685,000

    685,000

    685,000

    Common stock, par value $0.15 per share:

    Balance, beginning of year

    16,749

    16,749

    16,749

    Issuance of common stock

    —

    —

    —

    Balance, end of year

    16,749

    16,749

    16,749

    Additional paid-in-capital:

    Balance, beginning of year

    1,905,097

    1,928,069

    1,922,382

    Unit amortization, net of forfeitures

    157,891

    149,088

    150,408

    Distributions under employee plans

    (167,808
    )

    (172,154
    )

    (144,658
    )

    Other

    388

    94

    (63
    )

    Balance, end of year

    1,895,568

    1,905,097

    1,928,069

    Retained earnings:

    Balance, beginning of year

    3,398,610

    3,169,095

    2,757,208

    Net income

    731,379

    522,536

    662,155

    Dividends declared:

    Common

    (194,817
    )

    (172,985
    )

    (148,694
    )

    Preferred

    (37,281
    )

    (37,281
    )

    (37,281
    )

    Distributions under employee plans

    (103,724
    )

    (83,