- Stifel Financial press release ( NYSE: SF ): Q2 Non-GAAP EPS of $1.40 misses by $0.23 .
- Revenue of $1.1B (-4.3% Y/Y) misses by $80M .
- Record net interest income, up 64% over the year ago quarter.
- Recruited 41 financial advisors during the quarter, including 32 employee advisors and 9 independent advisors.
- Bank loans up $1.4 billion, or 8%, sequentially, and $6.1 billion, or 46%, from the prior year.
- Non-GAAP pre-tax margin of 21% as the Company maintained its focus on expense discipline, while continuing to invest in the business. In addition, the Company gained operating leverage as a result of the composition of revenues compared to the prior year.
- Annualized return on tangible common equity (ROTCE) (5) of 22% in a volatile and uncertain market environment.
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Stifel Financial Non-GAAP EPS of $1.40 misses by $0.23, revenue of $1.1B misses by $80M