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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2019 and 2018 (in thousands, except per share data):

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Net income applicable to Stifel Financial Corp.		$	109,085			$	87,287			$	208,292			$	176,048
Preferred dividends			5,288				2,344				7,632				4,688
Net income available to common shareholders		$	103,797			$	84,943			$	200,660			$	171,360
Shares for basic and diluted calculation:
Average shares used in basic computation			72,519				71,692				73,180				71,843
Dilutive effect of stock options and units ⁽¹⁾			6,560				9,607				5,980				9,705
Average shares used in diluted computation			79,079				81,299				79,160				81,548
Earnings per common share:
Basic		$	1.43			$	1.18			$	2.74			$	2.39
Diluted		$	1.31			$	1.04			$	2.53			$	2.10

⁽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.