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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | NOTE 30 – Quarterly Financial Information (Unaudited)
|  | Year Ended December 31, 2020 |
($ in thousands, except per share amounts) |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |
Operating revenues |  | $ | 776,214 |  |  | $ | 780,533 |  |  | $ | 782,711 |  |  | $ | 954,549 |
Interest revenue |  |  | 161,177 |  |  |  | 128,368 |  |  |  | 114,411 |  |  |  | 119,876 |
Total revenues |  |  | 937,391 |  |  |  | 908,901 |  |  |  | 897,122 |  |  |  | 1,074,425 |
Interest expense |  |  | 24,357 |  |  |  | 13,084 |  |  |  | 13,822 |  |  |  | 14,515 |
Net revenues |  |  | 913,034 |  |  |  | 895,817 |  |  |  | 883,300 |  |  |  | 1,059,910 |
Total non-interest expenses |  |  | 797,928 |  |  |  | 752,857 |  |  |  | 724,907 |  |  |  | 825,209 |
Income before income tax expense |  |  | 115,106 |  |  |  | 142,960 |  |  |  | 158,393 |  |  |  | 234,701 |
Provision for income taxes |  |  | 28,517 |  |  |  | 35,073 |  |  |  | 37,866 |  |  |  | 46,232 |
Net income |  |  | 86,589 |  |  |  | 107,887 |  |  |  | 120,527 |  |  |  | 188,469 |
Preferred dividends |  |  | 4,844 |  |  |  | 4,843 |  |  |  | 9,897 |  |  |  | 7,677 |
Net income available to common shareholders |  | $ | 81,745 |  |  | $ | 103,044 |  |  | $ | 110,630 |  |  | $ | 180,792 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.76 |  |  | $ | 0.97 |  |  | $ | 1.04 |  |  | $ | 1.70 |
Diluted |  | $ | 0.71 |  |  | $ | 0.92 |  |  | $ | 0.97 |  |  | $ | 1.55 |
Cash dividends declared per common share |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | 0.11 |
Weighted-average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 106,929 |  |  |  | 105,791 |  |  |  | 105,941 |  |  |  | 106,041 |
Diluted |  |  | 114,929 |  |  |  | 111,581 |  |  |  | 113,775 |  |  |  | 116,828 |
|  | Year Ended December 31, 2019 |
($ in thousands, except per share amounts) |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |
Operating revenues |  | $ | 628,797 |  |  | $ | 665,738 |  |  | $ | 686,932 |  |  | $ | 808,612 |
Interest revenue |  |  | 191,071 |  |  |  | 187,940 |  |  |  | 178,784 |  |  |  | 167,087 |
Total revenues |  |  | 819,868 |  |  |  | 853,678 |  |  |  | 865,716 |  |  |  | 975,699 |
Interest expense |  |  | 49,448 |  |  |  | 52,891 |  |  |  | 44,144 |  |  |  | 31,448 |
Net revenues |  |  | 770,420 |  |  |  | 800,787 |  |  |  | 821,572 |  |  |  | 944,251 |
Total non-interest expenses |  |  | 632,611 |  |  |  | 652,805 |  |  |  | 670,818 |  |  |  | 781,658 |
Income before income tax expense |  |  | 137,809 |  |  |  | 147,982 |  |  |  | 150,754 |  |  |  | 162,593 |
Provision for income taxes |  |  | 38,370 |  |  |  | 38,225 |  |  |  | 40,632 |  |  |  | 31,925 |
Net income |  |  | 99,439 |  |  |  | 109,757 |  |  |  | 110,122 |  |  |  | 130,668 |
Net income/(loss) applicable to non-controlling interests |  |  | 232 |  |  |  | 672 |  |  |  | 708 |  |  |  | (22 | )
Net income applicable to Stifel Financial Corp. |  |  | 99,207 |  |  |  | 109,085 |  |  |  | 109,414 |  |  |  | 130,690 |
Preferred dividends |  |  | 2,344 |  |  |  | 5,288 |  |  |  | 4,844 |  |  |  | 4,843 |
Net income available to common shareholders |  | $ | 96,863 |  |  | $ | 103,797 |  |  | $ | 104,570 |  |  | $ | 125,847 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.90 |  |  | $ | 0.95 |  |  | $ | 0.98 |  |  | $ | 1.19 |
Diluted |  | $ | 0.82 |  |  | $ | 0.88 |  |  | $ | 0.89 |  |  | $ | 1.08 |
Cash dividends declared per common share |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.10 |
Weighted-average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 107,550 |  |  |  | 108,779 |  |  |  | 106,796 |  |  |  | 105,705 |
Diluted |  |  | 118,815 |  |  |  | 118,619 |  |  |  | 117,216 |  |  |  | 116,720 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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