Second Quarter 2019 Investor Presentation

Stifel Reports First Quarter 2019 Financial Results

“Stifel generated record first quarter results highlighting the diversity of our business model. Net revenue of $770 million increased 3% from last year’s first quarter record and we achieved non-GAAP pre-tax margins of 19% and return on tangible equity of 22%. Our Global Wealth Management segment posted record net revenues and record pre-tax income, overcoming the expected decline in asset management revenue resulting from the market sell off in the fourth quarter of 2018. Our Institutional Group generated strong advisory, public finance, and fixed income brokerage revenue that helped to minimize the impact of the government shutdown on our equities business. As we look forward, we are optimistic about our business prospects for the remainder of 2019 and beyond.”

- Ron Kruszewski
Chairman and CEO

Stifel to Acquire Mooreland Partners

Stifel to Meet With Institutional Investors at the KBW Winter Financial Services Symposium

Boca Raton Resort
February 14-15, 2019

Stifel Reports Fourth Quarter & Full Year 2018 Financial Results

“We had a great year. 2018 represented our 23rd consecutive year of record net revenues as our wealth management segment generated record results and our institutional business posted its second strongest year. Additionally, our focus on expense management contributed to our record pre-tax income and net income available to shareholders. Our non-GAAP return on common and tangible equity was 14.9% and 24.4%, respectively, and we returned approximately $215 million to shareholders through dividends and share repurchases.”

“As I look forward, I’m highly optimistic about our ability to grow and add value to our clients and our shareholders. We continue to expand our wealth management business through successful recruiting of financial advisors as well as through our bank. In our institutional business, our growth will continue to be driven by the addition of high quality talent through selective hires and strategic acquisitions. While market conditions can be volatile, our long term strategy remains focused on growth and deploying our capital with a focus on generating the best risk adjusted returns.”

- Ron Kruszewski
Chairman and CEO

Stifel to Meet With Institutional Investors

Stifel Increases Share Repurchase Authorization, Declares Common Stock Dividend, and Preferred Stock Dividend

Stifel Reports Third Quarter 2018 Financial Results

“I’m pleased with our results which highlight the strength of our diversified business model. Record Global Wealth Management revenue was driven by another record quarter for both net interest income and fee-based revenues. Additionally, our continued focus on recruiting resulted in the addition of 31 net new advisers, our highest quarterly increase in roughly 10 years, excluding acquisitions. The increased operating leverage from the growth in our recurring revenue lines and our continued focus on cost discipline enabled us to overcome slower seasonal revenues and generate pre-tax margins of nearly 21%, double digit sequential EPS growth, as well as returns on common and tangible equity of 15.5% and 25.2% respectively. Year-to-date, our EPS is up nearly 50% as our pre-tax margins have improved by nearly 300 bps to 18.8%. Looking forward, the momentum we are building in our recruiting efforts should help to drive revenue growth in our wealth management business and our investment banking pipelines remain strong. As such, assuming continued growth in the U.S. economy, I’m optimistic about our future.”

Stifel Submits Comment Letter to the SEC on Regulation BI and CRS

Stifel submitted a comment letter in response to the Securities and Exchange Commission (“SEC”) request for comment on its proposed Regulation Best Interest (“Reg BI”) and Form CRS Relationship Summary (“Reg CRS”). Stifel has long supported a uniform standard of care for both brokerage and advisory relationships that protects investors, provides client choice, and supports effective capital formation in our capital markets.

Stifel Reports Second Quarter 2018 Financial Results

“I am very pleased with our performance this quarter and year-to-date as total net revenue in the second quarter was up 2% year-onyear driven by a nearly 20% increase in our recurring revenues. Additionally, the growth in higher margin businesses such as our bank helped to drive our quarterly compensation ratio to its lowest level in more than seven years. This resulted in a 36% year-on-year increase in non-GAAP EPS as well as a nearly 15% return on common equity and a 24% return on tangible common equity in the quarter. Barring a significant change in market conditions in the second half of the year, we expect that increases in investment banking and recruiting activity, along with continued balance sheet growth and a more favorable compensation ratio, will lead to improved results versus the first half of the year.”

- Ron Kruszewski
Chairman and CEO

Stifel to Present at JMP Securities Financial Services Conference

JMP Securities Financial Services Conference
Tuesday, June 19, 2018
10:30 a.m. Eastern time
The St. Regis New York in New York City

Stifel to Meet With Institutional Investors at the Wells Fargo Financial Services Investor Forum

Wells Fargo Financial Services Investor Forum
Wednesday, May 23, 2018
Fairmont in Chicago

Stifel to Present at Goldman Sachs U.S. Financial Services Conference

Goldman Sachs US Financial Services Conference
Wednesday, December 6, 2017
11:30 a.m. Eastern time
The Conrad New York in New York City

Stifel to Acquire Ziegler Wealth Management

“The addition of the Ziegler businesses is another step in the growth strategy for Stifel. We have worked with the management team at Ziegler in the past and we are excited to add not only a growing and profitable business to our platform but one whose culture of integrity and putting the client first is very similar to our own.”

- Ron Kruszewski
Chairman and CEO

Stifel Announces Common Stock Cash Dividend

"Management and our board of directors consistently focus on shareholder returns, whether through investments in new initiatives, acquisitions, share repurchases, or now, dividends on our common stock. Stifel continues to be a growth company but given the strength of our balance sheet and the increased diversity of our business, we are generating significant amounts of excess capital and we believe that a dividend is now appropriate. That said, we will continue to evaluate opportunities that maximize the risk adjusted returns on our capital for the benefit of our common shareholders."

- Ron Kruszewski
Chairman and CEO

Stifel to Present at JMP Securities Financial Services & Real Estate Conference

JMP Securities Financial Services & Real Estate Conference
Thursday, June 22, 2017
8:45 a.m. Eastern time
The St. Regis New York in New York City

Stifel Appoints David A. Peacock to Board of Directors

"We are excited to welcome David to our Board, as he has been a highly respected member of the St. Louis business community for over two decades. His proven long-term success in bringing entrepreneurial spirit and marketing acumen to an established industry and building the strength of a well-known consumer brand will further broaden the professional diversity of our Board."

- Ron Kruszewski
Chairman and CEO

Stifel to Meet With Institutional Investors at the Wells Fargo Securities Conference

Wells Fargo Securities Asset Managers
Brokers & Exchange Forum
Tuesday, March 21, 2017
The JW Marriott in Chicago

Stifel Reports Fourth Quarter and Full-year 2016 Financial Results

"I’m very happy to announce we posted our 21st consecutive year of record net revenues despite what was a challenging operating environment for the vast majority of the year. The business we’ve built over the past 20 years continues to benefit from the diversity of our revenue streams and is well positioned if the post-election market optimism continues. Our results underscore this diversity as the investments we made in 2015 helped drive substantial growth in net interest income, asset management & service fees, fixed income brokerage and trading, and advisory revenue. These more than offset weaker institutional commissions and underwriting revenue"

"The improved market environment is a solid backdrop for continued organic revenue growth in 2017 and we will continue look to deploy our excess capital in ways that generate the best returns. However, as we continue to grow our top line, we will put increased emphasis on improved operating leverage through expense efficiencies. In 2016, we illustrated our commitment to meeting our expense expectations as our comp. and non-comp. expenses consistently fell within our guidance. We have instituted a firm-wide cost reduction initiative that I expect will continue to generate positive results that will ultimately result in improved operating margins. Lastly, I’d note that the vast majority of our non-GAAP deal related charges are behind us and as we have consistently stated over the past year, we expect the difference between GAAP and non-GAAP results in 2017 will be materially less than our 2016 results."

- Ron Kruszewski
Chairman and CEO

Stifel to Present at Goldman Sachs US Financial Services Conference

Wednesday, December 7th, 2016
The Conrad New York

Stifel to Enhance Global Wealth Management & Public Finance Business with Acquisition of City Financial Corporation

Stifel to Meet With Institutional Investors

STIFEL WELCOMES ISM TEAM

Stifel Appoints Two New Members To Board of Directors Kathleen Brown and Maura A. Markus

Stifel to Meet With Institutional Investors at the Wells Fargo Securities Conference

Stifel Completes Acquisition of Barclays Wealth and Investment Management, Americas