Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 627

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 627
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 $136.9 million at December 31, 2024 and December 31, 2023, respectively, in other assets in the consolidated statements of financial condition. We had no significant impairments related to these receivables during the year ended December 31, 2024.Our deferred revenue primarily relates to retainer fees received in investment banking advisory engagements where the performance obligation has not yet been satisfied. Deferred revenue at December 31, 2024 and December 31, 2023, was $19.3 million and $18.5 million, respectively, and included in accounts payable and accrued expenses in the consolidated statements of financial condition.

116

NOTE 22 – Interest Income and Interest ExpenseThe components of interest income and interest expense are as follows (in thousands): 

        Year Ended December 31,

        2024

        2023

        2022

        Interest income:

        Loans held for investment, net
         
        $
        1,250,048

        $
        1,253,008

        $
        752,273

        Investment securities

        484,134

        467,199

        247,755

        Interest-bearing cash and federal funds sold

        164,110

        123,363

        29,996

        Margin balances

        55,156

        61,138

        43,751

        Financial instruments owned

        25,001

        16,726

        20,545

        Other

        38,015

        34,311

        4,795

        $
        2,016,464

        $
        1,955,745

        $
        1,099,115

        Interest expense:

        Bank deposits
         
        $
        888,453

        $
        724,857

        $
        146,636

        Senior notes

        40,349

        50,025

        44,424

        Other

        52,564

        35,454

        10,327

        $
        981,366

        $
        810,336

        $
        201,387

NOTE 23 – Employee Incentive, Deferred Compensation, and Retirement PlansWe maintain an incentive stock plan and a wealth accumulation plan (“the Plan”) that provides for the granting of stock options, stock appreciation rights