Stifel Financial Sees 73% Surge in Treasury Deposits, Projects 30–40% Revenue Growth
Stifel Financial’s February total client assets rose 10% year-over-year to $557.7 billion and fee-based assets increased 16% to $228.0 billion. Treasury deposits jumped 73% to $9.6 billion and the firm projects first-quarter revenue growth of 30%–40%.
1. February Operating Results
Stifel’s total client assets reached $557.7 billion as of February 28, representing a 10% increase year-over-year, while fee-based assets climbed 16% to $228.0 billion. Bank loans net stood at $22.3 billion (+5%) and treasury deposits jumped 73% to $9.6 billion.
2. Growth Drivers
Equity market gains and strong advisor recruiting drove fee-based asset inflows, and venture banking activities added over $400 million to treasury deposit balances from January levels. Client money market and insured product balances held at $26.0 billion.
3. First-Quarter Outlook
Investment banking activity remains well above prior-year levels despite recent volatility, and Stifel expects first-quarter revenue to increase 30%–40% compared with the first quarter of 2025.