Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Stifel Financial 2012 net income increases to $138.6m

Stifel Financial has reported net income of $138.6m, or $2.20 per diluted share for the year 2012 compared to $84.1m, or $1.33 per diluted share, during the same period earlier year.

For the year ended on 31 December 2012, its net revenues were $1.61bn against net revenues of $1.4bn during the corresponding period earlier year.

Commenting on the financial results, Stifel chairman, president and CEO said, "We remain focused on our goal of delivering superior client services, which has benefitted all Stifel constituents: clients, shareholders, and associates."

The Global Wealth Management segment generated pre-tax operating income of $268.2m on net revenues of $995.2m against $235.4m on net revenues of $908.2m during the comparable period last year.

The Private Client Group reported net revenues of $915.3m, with a rise of 8%, against $850.1m; while Stifel Bank net revenues stood at $79.9m, up by 38% from $58.1m during the year ago period.

The Institutional Group segment registered a pre-tax operating income of $96.2m on net revenues of $618.5m compared to $63.3m on net revenues of $507.4m during the same period a year ago.

Institutional brokerage revenues were up by 3% to $331.4m, against $323.3m; while investment banking revenues stood at $241.3m, a 35% increase compared with $179.1m in 2011.

Headquartered in St Louis, Missouri, Stifel Financial provides banking, securities, and financial services business through several wholly owned subsidiaries.