SF Stifel (SF) Q2 FY26 earnings call
Stifel delivered a record first half, driven by strong performance in Global Wealth Management and a rebound in its Institutional Group, with significant revenue and EPS growth. The firm is on track with its balance sheet expansion goals and is opportunistically deploying excess capital, including share repurchases. Management expressed optimism for the second half, citing robust pipelines and improved operating efficiencies, while acknowledging ongoing market volatility and geopolitical uncertainties.
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SF operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Return on tangible common equity (ROTCE) | <25%Our annualized return on tangible equity was nearly 25%.Source: earnings call transcript | ~24%Return on tangible common equity was approximately 24% for both the quarter and the first half of the year, while tangible book value per share increased 15% over the prior year.Source: earnings call transcript | — | — |
| Tier 1 leverage ratio | — | 11.2%Tier 1 leverage ratio came in at 11.2%, and while the Tier 1 risk-based capital ratio declined to 17.3%, reflecting the deliberate deployment of capital into loan growth.Source: earnings call transcript | 10.8%The Tier 1 leverage ratio came in at 10.8%, while the Tier 1 risk-based capital ratio of 17% reflecting the deliberate deployment of capital into loan growth.Source: earnings call transcript | -0.4 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.