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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
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 months ended March 31, 2020 and 2019 (in thousands, except per share data):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Net income applicable to Stifel Financial Corp.

 

$

86,589

 

 

$

99,207

 

Preferred dividends

 

 

4,844

 

 

 

2,344

 

Net income available to common shareholders

 

$

81,745

 

 

$

96,863

 

Shares for basic and diluted calculation:

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

71,286

 

 

 

71,700

 

Dilutive effect of stock options and units (1)

 

 

5,333

 

 

 

7,510

 

Average shares used in diluted computation

 

 

76,619

 

 

 

79,210

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic

 

$

1.15

 

 

$

1.35

 

Diluted

 

$

1.07

 

 

$

1.22

 

 

(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.