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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities:    
Net income $ 419,418 $ 487,374
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,762 47,487
Amortization of loans and advances to financial advisors and other employees 108,515 115,803
Amortization of premium on investment portfolio 5,301 6,442
Provision for credit losses 28,664 13,509
Amortization of intangible assets 16,599 17,710
Deferred income taxes (54,678) (43,545)
Stock-based compensation 119,039 118,447
Gains on sale of investments (4,280) (311)
Gains on sale of leased aircraft engines (41,941) (20,816)
Other, net 8,337 (2,435)
Receivables:    
Brokerage clients (125,208) (75,475)
Brokers, dealers, and clearing organizations (290,978) (145,855)
Securities purchased under agreements to resell 3,355 (315,218)
Financial instruments owned (371,470) (398,350)
Loans originated as held for sale (1,643,940) (1,531,378)
Proceeds from loans held for sale 2,218,144 1,653,763
Loans and advances to financial advisors and other employees (173,684) (141,509)
Other assets 38,661 114,950
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients 197,666 (66,024)
Brokers, dealers, and clearing organizations 76,149 (38,031)
Drafts (24,529) 16,742
Financial instruments sold, but not yet purchased 159,849 236,961
Other liabilities and accrued expenses 19,829 16,363
Net cash provided by operating activities 734,580 66,604
Cash Flows From Investing Activities:    
Principal paydowns, maturities, and calls of available-for-sale securities 274,398 206,665
Principal paydowns, maturities, and calls of held-to-maturity securities 1,792,737 1,537,637
Sale or maturity of investments 31 5,204
Sale of leased aircraft engines 105,440 44,248
(Increase)/decrease in loans held for investment, net (932,644) (1,035,394)
Payments for:    
Purchase of fixed assets (48,604) (56,357)
Purchase of available-for-sale securities (327,072) (237,640)
Purchase of held-to-maturity securities (1,725,760) (2,262,874)
Purchase of investments (4,602) (8,098)
Acquisitions, net of cash received (74,878) (8,106)
Net cash used in investing activities (940,954) (1,814,715)
Cash Flows From Financing Activities:    
Payment of contingent consideration (252) (902)
Increase in securities sold under agreements to repurchase 167,131 240,340
Increase in bank deposits, net 1,035,521 785,939
Increase in securities loaned 141,233 16,562
Repayment of short term debt (86,877) 0
Repayment of senior notes 0 (500,000)
Tax payments related to shares withheld for stock-based compensation plans (120,893) (104,029)
Repurchase of common stock (207,449) (98,529)
Cash dividends on preferred stock (27,961) (27,961)
Cash dividends paid to common stock and equity-award holders (159,076) (144,638)
Extinguishment of Stifel Financial Capital Trust (4,444) 0
Net cash provided by financing activities 736,933 166,782
Effect of exchange rate changes on cash 7,994 2,766
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes 538,553 (1,578,563)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 2,678,203 3,523,849
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 3,216,756 1,945,286
Supplemental disclosure of cash flow information:    
Cash paid for interest 638,068 763,539
Cash paid for income taxes, net of refunds 122,590 185,354
Noncash investing and financing activities:    
Transfer of loans held for investment to held for sale 596,051 152,915
Unit grants, net of forfeitures $ 237,183 $ 157,748