Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 387

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 387
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        Shares for basic and diluted calculation:

        Average shares used in basic computation

        104,066

        106,661

        108,848

        Dilutive effect of stock options and units (1)

        6,909

        6,792

        8,692

        Average shares used in diluted computation

        110,975

        113,453

        117,540

        Earnings per common share:

        Basic
         
        $
        6.67

        $
        4.55

        $
        5.74

        Diluted
         
        $
        6.25

        $
        4.28

        $
        5.32

       (1)Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include units.For the years ended December 31, 2024, 2023, and 2022, the anti-dilutive effect from restricted stock units was immaterial.Cash DividendsDuring the year ended December 31, 2024, we declared and paid cash dividends of $1.68 per common share. During the year ended December 31, 2023, we declared and paid cash dividends of $1.44 per common share. During the year ended December 31, 2022, we declared and paid cash dividends of $1.20 per common share.

NOTE 28 – Shareholders’ EquityShare Repurchase ProgramWe have an ongoing authorization from the Board of Directors to repurchase our common stock in the open market or in negotiated transactions. At December 31, 2024, the maximum number of shares that may yet be purchased under this plan was 10.1 million. The repurchase program has no expiration date. These purchases may be made on the open market or in privately negotiated transactions, depending upon market conditions and other factors. Repurchased shares may be used to meet obligations under our employee benefit plans and for general corporate purposes. During the year ended December 31, 2024, we repurchased $144.0 million or 1.7 million shares using existing Board authorizations at an average price of $83.42 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes. During the year ended December 31,