Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 83

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 83
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 activity, profitability is likely to be adversely affected because certain expenses remain relatively fixed, including salaries and related costs, as well as portions of communications costs and occupancy expenses. Accordingly, earnings for any period should not be considered representative of earnings to be expected for any other period.

For more information on economic and market conditions, and the potential effects of geopolitical events on our future results, refer to “Item 1A – Risk Factors” of this Form 10-K.

31

RESULTS OF OPERATIONS

The following table presents consolidated financial information for the periods indicated (in thousands, except percentages):

    For the Year Ended December 31,

    PercentageChange

    As a Percentage ofNet Revenuesfor the Year EndedDecember 31,

    2024

    2023

    2022

    2024 vs. 2023

    2023 vs. 2022

    2024

    2023

    2022

    Revenues:

    Commissions
     
    $
    756,024

    $
    673,597

    $
    710,589

    12.2
    %

    (5.2
    )%

    15.2
    %

    15.5
    %

    16.2
    %

    Principal transactions

    604,564

    490,440

    529,033

    23.3

    (7.3
    )

    12.2

    11.3

    12.0

    Investment banking

    994,831

    731,255

    971,485

    36.0

    (24.7
    )

    20.0

    16.8

    22.1

    Asset management

    1,536,674

    1,299,496

    1,262,919

    18.3

    2.9

    30.9

    29.9

    28.8

    Interest

    2,016,464

    1,955,745

    1,099,115

    3.1

    77.9

    40.6

    45.0

    25.0

    Other income

    43,129

    8,747