Stifel Financial (SF) AGM 2025 summary

Opening remarks and agenda

• Meeting opened by the Chairman and CEO, with directors, senior officers, and KPMG representatives present.

• Virtual-only format with voting and question submission instructions provided to shareholders.

• Quorum established with 95.1% of outstanding shares represented.

Board and executive committee updates

• Directors and senior officers introduced, with KPMG recommended as independent auditor for the fiscal year.

• Jim Laschober and Michael Buckley appointed as tellers to tabulate votes.

Financial performance review

• Achieved record net revenues of $4.97 billion and non-GAAP earnings of $756 million ($6.81/share, up 46%).

• Return on tangible common equity reached 22.7% (non-GAAP); share price rose 56.4% in 2024.

• $243 million in stock repurchases and $232 million returned via dividends.

• Dividend increased by 10% to $1.84/share; annualized dividend has grown from $0.26 in 2017.

• Ended 2024 with $501 billion in assets under management, crossing the half-trillion mark.

• Institutional group posted $1.6 billion in revenue, up 30% from 2023.