XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Debentures To Stifel Financial Capital Trusts | 12 Months Ended
--- | ---
Dec. 31, 2024
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract] |
Debentures To Stifel Financial Capital Trusts | NOTE 15 – Debentures to Stif el Financial Capital Trusts The following table summarizes our debentures to Stifel Financial Capital Trusts as of December 31, 2024 and 2023 (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Debenture to Stifel Financial Capital Trust II (1) |  | $ | 20,000 |  |  | $ | 20,000 |
Debenture to Stifel Financial Capital Trust III (2) |  |  | 35,000 |  |  |  | 35,000 |
Debenture to Stifel Financial Capital Trust IV (3) |  |  | 5,000 |  |  |  | 5,000 |
|  | $ | 60,000 |  |  | $ | 60,000 |
(1) On August 12, 2005, we completed a private placement of $35.0 million of 6.38% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust II (the “Trust II”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 30, 2035, but may be redeemed early by our company, and in turn, the Trust II would call the debenture. The Trust II requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.70% per annum. During 2016, we extinguished $15.0 million of the Trust II debentures. (2) On March 30, 2007, we completed a private placement of $35.0 million of 6.79% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust III (the “Trust III”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on June 6, 2037, but may be redeemed early by our company, and in turn, Trust III would call the debenture. Trust III requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.85% per annum. (3) On June 28, 2007, we completed a private placement of $35.0 million of 6.78% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust IV (the “Trust IV”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 6, 2037, but may be redeemed early by our company, and in turn, Trust IV would call the debenture. Trust IV requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.85% per annum.

X
- Definition Debentures to unconsolidated trusts. + References No definition available. + Details
Name: | sf_DebenturesToUnconsolidatedTrustsTextBlock
Namespace Prefix: | sf_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrustAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration