Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 200

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 200
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 and thereafter

        14,359

        $
        1,984,608

      The following table presents the distribution of customer interest rate derivative transactions, by derivative product, as of December 31, 2024 and 2023 (in thousands):

        December 31,

        2024

        2023

        Swaps
         
        $
        1,819,608

        $
        1,824,919

        Written options

        165,000

        170,000

        $
        1,984,608

        $
        1,994,919

107

NOTE 15 – Debentures to Stifel Financial Capital TrustsThe following table summarizes our debentures to Stifel Financial Capital Trusts as of December 31, 2024 and 2023 (in thousands): 

        December 31,

        2024

        2023

        Debenture to Stifel Financial Capital Trust II (1)
         
        $
        20,000

        $
        20,000

        Debenture to Stifel Financial Capital Trust III (2)

        35,000

        35,000

        Debenture to Stifel Financial Capital Trust IV (3)

        5,000

        5,000

        $
        60,000

        $
        60,000

      (1)On August 12, 2005, we completed a private placement of $35.0 million of 6.38% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust II (the “Trust II”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 30, 2035, but may be redeemed early by our company, and in turn, the Trust II would call the debenture. The Trust II requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.70% per annum. During 2016, we extinguished $15.0 million of the Trust II debentures.(2)On March 30, 2007, we completed a private placement of $35.0 million of 6.