Stifel Financial Corp. Q2 2025 Earnings Recap

Stifel Financial reported a record second quarter in 2025 with net revenues of $1.28 billion and core EPS of $1.71, driven by a robust recovery in investor sentiment and strategic growth initiatives.

Key Takeaways

• Achieved record net revenue growth of 6% year-over-year, bolstered by strong performance in Global Wealth Management and Institutional business segments.
• Maintained high profitability with an operating pretax margin of 20.3% and a return on tangible common equity of 22%.
• Added 82 new advisers, marking the strongest recruiting quarter since Q4 2015, enhancing client asset levels to $517 billion.
• Successfully completed the acquisition of Bryan Garnier, enhancing European advisory capabilities, particularly in health care and technology sectors.
• Anticipating continued positive momentum into the second half of 2025, supported by improved market conditions and strong advisory and capital markets activity.