Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 269

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 269
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    117,016

    Total assets
     
    $
    27,926,670

    Liabilities and stockholders’ equity:

    Deposits:

    Money market
     
    $
    23,771,966

    $
    125,816

    0.53
    %

    Time deposits

    16,976

    456

    2.69

    Demand deposits

    1,327,711

    18,812

    1.42

    Savings

    53,751

    1,552

    2.89

    Federal Home Loan Bank advances

    238,508

    4,094

    1.72

    Other borrowings

    966

    141

    14.63

    Total interest-bearing liabilities (3)
     
    $
    25,409,878

    $
    150,871

    0.59
    %

    Non-interest-bearing deposits

    515,767

    Other non-interest-bearing liabilities

    108,896

    Total liabilities
     
    $
    26,034,541

    Stockholders’ equity

    1,892,129

    Total liabilities and stockholders’ equity
     
    $
    27,926,670

    Net interest income/spread

    $
    865,684

    3.07
    %

    Net interest margin

    3.11
    %

(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.

Net interest income – Net interest income is the difference between interest earned on interest-earning assets and interest paid on funding sources. Net interest income is affected by changes in the volume and mix of these assets and liabilities, as well as by fluctuations in interest rates and portfolio management strategies.

For the year ended December 31, 2024, interest revenue for Stifel Bancorp of $1.9 billion was generated from weighted-average interest-earning assets of $30.1 billion at a weighted-average interest rate of 6.14%.