Stifel Financial Corp. reported higher third-quarter GAAP profit and non-GAAP earnings per share above analyst expectations, while revenue trailed the mean and the firm outlined a planned treasury-platform offering.
For the three months ended Sept. 30, Stifel posted non-GAAP diluted EPS of $1.46, compared with an analyst mean of $1.44. Non-GAAP net revenue was $1.429 billion, against a $1.450 billion mean, a shortfall of about $21 million, according to the company’s earnings presentation.
On a GAAP basis, net income available to common shareholders increased to $224.8 million from $202.1 million in the same quarter of 2025. Diluted EPS rose to $1.40 from $1.22, while revenue edged down to $1.426 billion from $1.429 billion, Stifel said in its results release.
The company’s presentation also showed asset management and service fees up 14% year over year and net interest income up 9%. Institutional revenue fell 14% to $430 million.
On Oct. 15, Stifel said it had made a minority investment in Meow Technologies, Inc., with Meow’s treasury management platform to be offered as a white-label service through Stifel Bank. The initial clients are expected to come from Venture and Fund Banking, with enrollment slated to begin in early 2027. Meow CEO Brandon Arvanaghi said planned platform capabilities include stablecoin payments.
