Stifel Financial (SF) 10-K 18 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 11, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Registrant Name	STIFEL FINANCIAL CORP
Entity Central Index Key	0000720672
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Tax Identification Number	43-1273600
Entity Address, Address Line One	501 North Broadway
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63102-2188
City Area Code	314
Local Phone Number	342-2000
Entity File Number	001-09305
Entity Incorporation, State or Country Code	DE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 7
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Stamford, Connecticut
Documents Incorporated by Reference	Portions of the Proxy Statement for the annual meeting of shareholders, to be filed within 120 days of our fiscal year ended December 31, 2021, are incorporated by reference in Part III hereof.
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	SF
Title of 12(b) Security	Common Stock, $0.15 par value per share
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		106,420,776
Depository Shares, each representing 1/1,000th interest in a share of 6.25% Non-Cumulative Preferred Stock, Series B [Member]
Document Information [Line Items]
Trading Symbol	SF-PB
Title of 12(b) Security	Depository Shares, each representing 1/1,000th interest in a share of 6.25% Non-Cumulative Preferred Stock, Series B
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		6,400
Depository Shares, each representing 1/1,000th interest in a share of 6.125% Non-Cumulative Preferred Stock, Series C [Member]
Document Information [Line Items]
Trading Symbol	SF-PC
Title of 12(b) Security	Depository Shares, each representing 1/1,000th interest in a share of 6.125% Non-Cumulative Preferred Stock, Series C (SF-PC)
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		9,000
Depository Shares, each representing 1/1,000th interest in a share of 4.50% Non-Cumulative Preferred Stock, Series D [Member]
Document Information [Line Items]
Trading Symbol	SF-PD
Title of 12(b) Security	Depository Shares, each representing 1/1,000th interest in a share of 4.50% Non-Cumulative Preferred Stock, Series D
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		12,000
Senior notes 5.20% due 2047 [Member]
Document Information [Line Items]
Trading Symbol	SFB
Title of 12(b) Security	5.20% Senior Notes due 2047
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		225,000,000

Consolidated Statements Of Fina

Consolidated Statements Of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020
Assets
Cash and cash equivalents	$ 1,963,326		$ 2,279,274
Cash segregated for regulatory purposes	186,331		172,932
Receivables:
Brokerage clients, net	1,152,877		936,500
Brokers, dealers, and clearing organizations	574,256		549,492
Securities purchased under agreements to resell	579,866		217,930
Financial instruments owned, at fair value	1,157,004		694,028
Available-for-sale securities, at fair value	2,113,893	[1]	2,230,297
Held-to-maturity securities, at amortized cost	5,348,558	[2]	4,117,384
Loans:
Held for investment, net	16,627,847		11,006,760
Held for sale, at lower of cost or market	207,715		551,248
Investments, at fair value	117,804		113,862
Fixed assets, net	168,206		167,915
Operating lease right-of-use assets, net	750,734		793,181
Goodwill	1,306,892		1,181,998
Intangible assets, net	148,157		140,984
Loans and advances to financial advisors and other employees, net	653,955		596,993
Deferred tax assets, net	111,283		136,477
Other assets	881,011		716,999
Total assets	34,049,715		26,604,254
Payables:
Brokerage clients	971,924		1,063,937
Brokers, dealers, and clearing organizations	257,729		177,937
Drafts	122,617		117,737
Securities sold under agreements to repurchase	385,528		190,955
Bank deposits	23,280,348		17,396,497
Financial instruments sold, but not yet purchased, at fair value	756,150		437,978
Accrued compensation	932,804		638,298
Accounts payable and accrued expenses	1,134,178		1,169,740
Senior notes, net	1,113,478		1,112,409
Debentures to Stifel Financial Capital Trusts	60,000		60,000
Total liabilities	29,014,756		22,365,488
Equity
Preferred stock − $1 par value; authorized 3,000,000 shares; issued 27,400 and 21,400 shares, respectively	685,000		535,000
Common stock $0.15 par value; authorized 194,000,000 shares; issued 111,661,763 and 111,661,621 shares, respectively	16,749		16,749
Additional paid-in-capital	1,922,382		1,888,982
Retained earnings	2,757,208		2,078,135
Accumulated other comprehensive income	4,718		27,639
Treasury stock, at cost, 7,162,850 and 8,512,584 shares, respectively	(351,098)		(307,739)
Total equity	5,034,959		4,238,766
Total liabilities and equity	$ 34,049,715		$ 26,604,254
[1]	Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

Consolidated Statements Of Fi_2

Consolidated Statements Of Financial Condition (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	27,400	21,400
Common stock, par value	$ 0.15	$ 0.15
Common stock, shares authorized	194,000,000	194,000,000
Common stock, shares issued	111,661,763	111,661,621
Treasury stock, shares	7,162,850	8,512,584

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Revenue from contracts with customers		$ 3,615,636	$ 2,678,888
Principal transactions		581,164	588,303	$ 404,751
Interest		548,400	523,832	724,882
Other income		72,125	75,345	52,378
Total revenues		4,783,086	3,817,839	3,514,961
Interest expense		45,998	65,778	177,931
Net revenues	[1]	4,737,088	3,752,061	3,337,030
Non-interest expenses:
Compensation and benefits		2,820,301	2,279,335	1,978,116
Occupancy and equipment rental		290,243	274,664	242,893
Communications and office supplies		165,490	164,736	147,428
Commissions and floor brokerage		59,681	55,960	44,011
Provision for credit losses		(11,502)	33,925	9,977
Other operating expenses		345,794	292,281	315,467
Total non-interest expenses		3,670,007	3,100,901	2,737,892
Income before income tax expense		1,067,081	651,160	599,138
Provision for income taxes		242,223	147,688	149,152
Net income		824,858	503,472	449,986
Net income applicable to non-controlling interests				1,590
Net income applicable to Stifel Financial Corp.		824,858	503,472	448,396
Preferred dividends		35,587	27,261	17,319
Net income available to common shareholders		$ 789,271	$ 476,211	$ 431,077
Earnings per common share:
Basic		$ 7.34	$ 4.49	$ 3.99
Diluted		6.66	4.16	3.66
Cash dividends declared per common share		$ 0.60	$ 0.45	$ 0.40
Weighted-average number of common shares outstanding:
Basic		107,536	106,174	107,997
Diluted		118,530	114,573	117,878
Commissions [Member]
Revenues:
Revenue from contracts with customers		$ 809,500	$ 760,627	$ 667,494
Investment Banking [Member]
Revenues:
Revenue from contracts with customers		1,565,381	952,308	817,421
Asset Management [Member]
Revenues:
Revenue from contracts with customers		$ 1,206,516	$ 917,424	$ 848,035
[1]	No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2021, 2020, and 2019.

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income		$ 824,858	$ 503,472	$ 449,986
Other comprehensive income/(loss), net of tax:
Changes in unrealized gains/(losses) on available-for-sale securities, net of tax	[1],[2]	(19,385)	33,133	60,288
Changes in unrealized losses on cash flow hedging instruments, net of tax	[2]		(651)	(4,402)
Foreign currency translation adjustment, net of tax	[2]	(3,536)	6,862	4,932
Total other comprehensive income/(loss), net of tax	[2]	(22,921)	39,344	60,818
Comprehensive income		801,937	542,816	510,804
Net income applicable to non-controlling interest				1,590
Comprehensive income applicable to Stifel Financial Corp.		$ 801,937	$ 542,816	$ 509,214
[1]	As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to comprehensive income of $ 17.9 million.
[2]	Net of a tax benefit of $ 6.7 million, tax expense of $ 11.5 million, and tax expense of $ 20.2 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Consolidated Statements Of Co_2

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other comprehensive income/(loss), tax (benefit) expense	$ (6.7)	$ 11.5	$ 20.2
ASU 2019-04 [Member]
Increase in accumulated comprehensive income	$ 17.9

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands	Total		Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, AdjustmentRevision of Prior Period, Adjustment	[1]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]	Noncontrolling Interest	Parent [Member]
Balance, beginning of year at Dec. 31, 2018			$ 150,000	$ 16,749	$ 1,887,721	$ 1,366,503	$ (11,117)		$ (72,523)	$ (180,857)	$ 30,000
Common stock repurchased										(215,430)
Unit amortization, net of forfeitures					112,864
Distributions under employee plans					(91,898)	(19,819)				76,627
Net income	$ 448,396					449,986					1,590
Dividends declared, Common						(50,743)
Dividends declared, Preferred						(17,319)
Issuance of preferred stock			160,000		(5,012)
Unrealized gains/(losses) on securities, net of tax	60,288	[2],[3]							60,288
Unrealized losses on cash flow hedging activities, net of tax									(4,402)
Foreign currency translation adjustment, net of tax	4,932	[3]							4,932
Other					28	(1,787)
Capital contributions from non-controlling interest holders											26,800
Distributions to non-controlling interest holders											(3,391)
Balance, end of year at Dec. 31, 2019	3,669,790		310,000	16,749	1,903,703	1,715,704			(11,705)	(319,660)	54,999	$ 3,614,791
Common stock repurchased	(58,300)									(58,261)
Unit amortization, net of forfeitures					118,229
Distributions under employee plans					(126,514)	(49,427)				70,182
Net income	503,472					503,472
Dividends declared, Common						56,967
Dividends declared, Preferred						(27,261)
Issuance of preferred stock			225,000		(7,005)
Dividends declared to equity-award holders					350
Unrealized gains/(losses) on securities, net of tax	33,133	[2],[3]							33,133
Unrealized losses on cash flow hedging activities, net of tax									(651)
Foreign currency translation adjustment, net of tax	6,862	[3]							6,862
Other					219	386
Deconsolidation of non-controlling interest											$ (54,999)
Balance, end of year at Dec. 31, 2020	4,238,766		535,000	16,749	1,888,982	2,078,135	$ (7,772)		27,639	(307,739)		4,238,766
Common stock repurchased	(172,700)									172,741
Unit amortization, net of forfeitures					127,458
Distributions under employee plans					(120,158)	(35,233)				74,568
Net income	824,858					824,858
Dividends declared, Common						74,437
Dividends declared, Preferred						35,587
Issuance of preferred stock			300,000		(9,112)
Common stock issued for acquisitions					35,186					54,814
Redemption of preferred stock			(150,000)
Unrealized gains/(losses) on securities, net of tax	(19,385)	[2],[3]							(19,385)
Foreign currency translation adjustment, net of tax	(3,536)	[3]							(3,536)
Other					26	(528)
Balance, end of year at Dec. 31, 2021	$ 5,034,959		$ 685,000	$ 16,749	$ 1,922,382	$ 2,757,208			$ 4,718	$ (351,098)		$ 5,034,959
[1]	Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates. See Note 2 of the Notes to Consolidated Financial Statements for additional information.
[2]	As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to comprehensive income of $ 17.9 million.
[3]	Net of a tax benefit of $ 6.7 million, tax expense of $ 11.5 million, and tax expense of $ 20.2 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Consolidated Statements Of Ch_2

Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Stockholders Equity [Abstract]
Preferred stock, par value	$ 1	$ 1	$ 1
Common stock, par value	$ 0.15	$ 0.15	$ 0.15

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities:
Net income	$ 824,858	$ 503,472	$ 449,986
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	45,574	40,863	38,369
Amortization of loans and advances to financial advisors and other employees	114,690	103,983	95,053
Amortization of premium on investment portfolio	17,042	20,739	34,229
Provision for credit losses and allowance for loans and advances to financial advisors and other employees	(11,502)	33,925	11,007
Amortization of intangible assets	18,188	19,620	16,015
Deferred income taxes	32,104	(39,071)	(6,863)
Stock-based compensation	119,384	108,217	102,190
Unrealized losses/(gains) on investments	2,999	18,908	(7,922)
Other, net	26,222	(10,326)	(38,554)
Receivables:
Brokerage clients, net	(214,033)	415,286	(17,487)
Brokers, dealers, and clearing organizations	(8,496)	78,298	(8,655)
Securities purchased under agreements to resell	(266,801)	167,078	314,892
Financial instruments owned, including those pledged	(271,475)	278,904	335,548
Loans originated as held for sale	(1,997,561)	(3,019,290)	(1,848,568)
Proceeds from mortgages held for sale	2,313,934	2,894,742	1,782,455
Loans and advances to financial advisors and other employees	(172,553)	(179,995)	(210,646)
Other assets	(96,700)	(117,471)	(36,290)
Increase/(decrease) in operating liabilities, net of liabilities assumed:
Brokerage clients	(92,015)	323,493	(210,712)
Brokers, dealers, and clearing organizations	6,535	(71,144)	63,822
Drafts	4,880	(2,021)	14,871
Financial instruments sold, but not yet purchased	229,708	(224,874)	(284,510)
Other liabilities and accrued expenses	247,112	318,480	38,631
Net cash provided by operating activities	872,094	1,661,816	626,861
Cash Flows From Investing Activities:
Principal paydowns, calls, maturities, and sales of available-for-sale securities	562,352	896,746	1,224,619
Calls and principal paydowns of held-to-maturity securities	1,751,313	159,964	482,079
Sale of fixed assets	148,375
Sale or maturity of investments	19,606	2,139	14,699
Sale of other real estate owned			8,950
Disposition of business		37,000
Increase in loans held for investment, net	(5,609,314)	(1,441,303)	(1,208,817)
Payments for:
Purchase of available-for-sale securities	(813,657)	(864,200)	(239,965)
Purchase of held-to-maturity securities	(2,668,221)	(384,700)	(243,335)
Purchase of investments	(23,309)	(21,317)	(37,563)
Purchase of fixed assets	(188,176)	(73,364)	(157,897)
Acquisitions, net of cash acquired	(144,471)	(280)	(193,097)
Net cash used in investing activities	(6,965,502)	(1,689,315)	(350,327)
Cash Flows from Financing Activities:
Proceeds from preferred stock issuance, net	290,888	217,995	154,988
Increase/(decrease) in securities sold under agreements to repurchase	135,588	(200,679)	(168,069)
Increase/(decrease) in bank deposits, net	5,883,851	2,063,916	(531,032)
Increase/(decrease) in securities loaned	4,095	(463,210)	114,135
Repayments of borrowings, net			(62,810)
Repayments of Federal Home Loan Bank advances, net		(250,000)	(290,000)
Proceeds from issuance of senior notes, net		394,030
Repayments of senior notes		(300,000)
Tax payments related to shares withheld for stock-based compensation plans	(78,565)	(75,838)	(33,268)
Redemption of preferred stock	(150,000)
Repurchase of common stock	(172,741)	(58,261)	(215,430)
Cash dividends on preferred stock	(35,587)	(27,261)	(17,319)
Cash dividends paid to common stock and equity-award holders	(66,336)	(46,497)	(41,948)
Cash paid to employees upon settlement of equity awards		(27,101)
Payment of contingent consideration	(16,798)	(28,221)	(9,526)
Proceeds from non-controlling interests			26,800
Other			(3,391)
Net cash provided by/(used in) financing activities	5,794,395	1,198,873	(1,076,870)
Effect of exchange rate changes on cash	(3,536)	6,862	4,932
(Decrease)/increase in cash, cash equivalents, and cash segregated for regulatory purposes	(302,549)	1,178,236	(795,404)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of year	2,452,206	1,273,970	2,069,374
Cash, cash equivalents, and cash segregated for regulatory purposes at end of year	2,149,657	2,452,206	1,273,970
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds	288,950	160,007	161,926
Cash paid for interest	62,510	84,821	183,012
Noncash investing and financing activities:
Unit grants, net of forfeitures	156,535	$ 125,033	$ 139,408
Issuance of common stock for acquisitions	$ 90,000

Cash, Cash Equivalents, and Cas

Cash, Cash Equivalents, and Cash Restricted for Regulatory Purposes for Periods Presented in Consolidated Statement of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Cash Flows [Abstract]
Cash and cash equivalents	$ 1,963,326	$ 2,279,274	$ 1,142,596
Cash segregated for regulatory purposes	186,331	172,932	131,374
Total cash, cash equivalents, and cash segregated for regulatory purposes	$ 2,149,657	$ 2,452,206	$ 1,273,970

Nature Of Operations And Basis

Nature Of Operations And Basis Of Presentation	12 Months Ended
	Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature Of Operations And Basis Of Presentation	NOTE 1 – Nature of Operation s and Basis of Presentation Nature of Operations Stifel Financial Corp. (the “Company”), through its wholly owned subsidiaries, is principally engaged in retail brokerage; securities trading; investment banking; investment advisory; retail, consumer, and commercial banking; and related financial services. Our major geographic area of concentration is throughout the United States, with a growing presence in the United Kingdom, Europe, and Canada. Our company’s principal customers are individual investors, corporations, municipalities, and institutions. Basis of Presentation The consolidated financial statements include Stifel Financial Corp. and its wholly owned subsidiaries, principally Stifel, Nicolaus & Company, Incorporated (“Stifel”), Keefe Bruyette & Woods, Inc. (“KBW”), Stifel Bancorp, Inc. (“Stifel Bancorp”), Stifel Nicolaus Canada Inc. (“SNC”), and Stifel Nicolaus Europe Limited (“SNEL”). Unless otherwise indicated, the terms “we,” “us,” “our,” or “our company” in this report refer to Stifel Financial Corp. and its wholly owned subsidiaries. The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles, which require management to make certain estimates and assumptions that affect the reported amounts. We consider significant estimates, which are most susceptible to change and impacted significantly by judgments, assumptions, and estimates, to be: valuation of financial instruments and investments in partnerships, accrual for contingencies, allowance for loan losses, derivative instruments and hedging activities, fair value of goodwill and intangible assets, provision for income taxes and related tax reserves, and forfeitures associated with stock-based compensation. Actual results could differ from those estimates. On November 11, 2020, our Board approved a 50 % stock dividend, in the form of a three-for-two stock split , of our common stock paid on December 16, 2020, to shareholders of record as of December 2, 2020. Certain amounts from prior periods have been reclassified to conform to the current period’s presentation. The effect of these reclassifications on our company’s previously reported consolidated financial statements was not material. Consolidation Policies The consolidated financial statements include the accounts of Stifel Financial Corp. and its subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. We have investments or interests in other entities for which we must evaluate whether to consolidate by determining whether we have a controlling financial interest or are considered to be the primary beneficiary. Under our current consolidation policy, we consolidate those entities where we have the power to direct the activities of the entity that most significantly impact the entity’s economic performance and the obligation to absorb losses of the entity or the rights to receive benefits from the entity that could potentially be significant to the entity. We determine whether we are the primary beneficiary of a variable interest entity (“VIE”) by performing an analysis of the VIE’s control structure, expected benefits and losses, and expected residual returns. This analysis includes a review of, among other factors, the VIE’s capital structure, contractual terms, which interests create or absorb benefits or losses, variability, related party relationships, and the design of the VIE. We reassess our evaluation of whether an entity is a VIE when certain reconsideration events occur. We reassess our determination of whether we are the primary beneficiary of a VIE on an ongoing basis based on current facts and circumstances. See Note 28 for additional information on VIEs.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	NOTE 2 – Summary of Signif icant Accounting Policies Cash and Cash Equivalents We consider money market mutual funds and highly liquid investments with original maturities of three months or less that are not restricted or segregated to be cash equivalents. Cash and cash equivalents include deposits with banks, federal funds sold, money market mutual funds, and certificates of deposit. Cash and cash equivalents also include balances that our bank subsidiaries maintain at the Federal Reserve Bank. Cash Segregated for Regulatory Purposes Our broker-dealer subsidiaries are subject to Rule 15c3-3 under the Securities Exchange Act of 1934, which requires our company to maintain cash or qualified securities in a segregated reserve account for the exclusive benefit of its clients. In accordance with Rule 15c3-3, our company has portions of its cash segregated for the exclusive benefit of clients at December 31, 2021. Brokerage Client Receivables, Net Brokerage client receivables include receivables of our company’s broker-dealer subsidiaries, which represent amounts due on cash and margin transactions and are generally collateralized by securities owned by clients. Brokerage client receivables, primarily consisting of floating-rate loans collateralized by customer-owned securities, are charged interest at rates similar to other such loans made throughout the industry. The receivables are reported at their outstanding principal balance net of allowance for doubtful accounts. When a brokerage client receivable is considered to be impaired, the amount of the impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources, such as listed market prices or broker-dealer price quotations. Securities owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the consolidated statements of financial condition. Securities Borrowed and Securities Loaned Securities borrowed require our company to deliver cash to the lender in exchange for securities and are included in receivables from brokers, dealers, and clearing organizations in the consolidated statements of financial condition. For securities loaned, we generally receive collateral in the form of cash in an amount in excess of the market value of securities loaned. Securities loaned are included in payables to brokers, dealers, and clearing organizations in the consolidated statements of financial condition. We monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Fees received or paid are recorded in interest revenue or interest expense in the consolidated statements of operations. Substantially all of these transactions are executed under master netting agreements, which gives us right of offset in the event of counterparty default; however, such receivables and payables with the same counterparty are not set off in the consolidated statements of financial condition. Securities Purchased Under Agreements to Resell and Repurchase Agreements Securities purchased under agreements to resell (“resale agreements”) are collateralized financing transactions that are recorded at their contractual amounts plus accrued interest. We obtain control of collateral with a market value equal to or in excess of the principal amount loaned and accrued interest under resale agreements. These agreements are short-term in nature and are generally collateralized by U.S. government securities, U.S. government agency securities, and corporate bonds. We value collateral on a daily basis, with additional collateral obtained when necessary to minimize the risk associated with this activity. Securities sold under agreements to repurchase (“repurchase agreements”) are collateralized financing transactions that are recorded at their contractual amounts plus accrued interest. We make delivery of securities sold under agreements to repurchase and monitor the value of collateral on a daily basis. When necessary, we will deliver additional collateral. Financial Instruments We measure certain financial assets and liabilities at fair value on a recurring basis, including cash equivalents, financial instruments owned, available-for-sale securities, investments, financial instruments sold, but not yet purchased, and derivatives. Other than those separately discussed in the notes to the consolidated financial statements, the remaining financial instruments are generally short-term in nature, and their carrying values approximate fair value. The fair value of a financial instrument is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., “the exit price”) in an orderly transaction between market participants at the measurement date. We have categorized our financial instruments measured at fair value into a three-level classification in accordance with Topic 820, “Fair Value Measurement,” which established a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs reflect our assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the transparency of inputs as follows: Level 1 – Quoted prices (unadjusted) are available in active markets for identical assets or liabilities as of the measurement date. A quoted price for an identical asset or liability in an active market provides the most reliable fair value measurement, because it is directly observable to the market. Level 2 – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the measurement date. The nature of these financial instruments includes instruments for which quoted prices are available but traded less frequently, derivative instruments whose fair value have been derived using a model where inputs to the model are directly observable in the market, or can be derived principally from or corroborated by observable market data, and instruments that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3 – Instruments that have little to no pricing observability as of the measurement date. These financial instruments do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Valuation of Financial Instruments When available, we use observable market prices, observable market parameters, or broker or dealer prices (bid and ask prices) to derive the fair value of financial instruments. In the case of financial instruments transacted on recognized exchanges, the observable market prices represent quotations for completed transactions from the exchange on which the financial instrument is principally traded. A substantial percentage of the fair value of our financial instruments owned, available-for-sale securities, investments, and financial instruments sold, but not yet purchased, are based on observable market prices, observable market parameters, or derived from broker or dealer prices. The availability of observable market prices and pricing parameters can vary from product to product. Where available, observable market prices and pricing or market parameters in a product may be used to derive a price without requiring significant judgment. In certain markets, observable market prices or market parameters are not available for all products, and fair value is determined using techniques appropriate for each particular product. These techniques involve some degree of judgment. For investments in illiquid or privately held securities that do not have readily determinable fair values, the determination of fair value requires us to estimate the value of the securities using the best information available. Among the factors we consider in determining the fair value of investments are the cost of the investment, terms and liquidity, developments since the acquisition of the investment, the sales price of recently issued securities, the financial condition and operating results of the issuer, earnings trends and consistency of operating cash flows, the long-term business potential of the issuer, the quoted market price of securities with similar quality and yield that are publicly traded, and other factors generally pertinent to the valuation of investments. In instances where a security is subject to transfer restrictions, the value of the security is based primarily on the quoted price of a similar security without restriction but may be reduced by an amount estimated to reflect such restrictions. The fair value of these investments is subject to a high degree of volatility and may be susceptible to significant fluctuation in the near term, and the differences could be material. The degree of judgment used in measuring the fair value of financial instruments generally correlates to the level of pricing observability. Pricing observability is impacted by a number of factors, including the type of financial instrument, whether the financial instrument is new to the market and not yet established, and the characteristics specific to the transaction. Financial instruments with readily available active quoted prices for which fair value can be measured from actively quoted prices generally will have a higher degree of pricing observability and a lesser degree of judgment used in measuring fair value. Conversely, financial instruments rarely traded or not quoted will generally have less, or no, pricing observability and a higher degree of judgment used in measuring fair value. See Note 5 for additional information on how we value our financial instruments. Available-for-Sale and Held-to-Maturity Securities Securities available for sale, which are carried at fair value, include U.S. government agency securities; state and municipal securities; agency, non-agency, and commercial mortgage-backed securities; corporate fixed income securities; and asset-backed securities, which primarily includes collateralized loan obligations. Securities held to maturity are recorded at amortized cost based on our company’s positive intent and ability to hold these securities to maturity. Securities held to maturity include asset-backed securities, consisting of collateralized loan obligation securities and student loan ARS. We evaluate each available-for-sale security where the value has declined below amortized cost. If our company intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For available-for-sale debt securities our company intends to hold, we evaluate the debt securities for expected credit losses except for debt securities that are guaranteed by the U.S. Treasury or U.S. government agencies where we apply a zero credit loss assumption. For the remaining available-for-sale debt securities, we consider qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an available-for-sale debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by our company to determine if a portion of the unrealized loss is a result of a credit loss. Any credit losses determined are recognized as an increase to the allowance for credit losses through provision expense recorded in the consolidated statement of operations in provision for credit losses. Cash flows expected to be collected are estimated using all relevant information available, such as remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults, and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated other comprehensive income. In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. We separately evaluate our held-to-maturity debt securities for any credit losses. We perform a discounted cash flow analysis to estimate any credit losses, which are then recognized as part of the allowance for credit losses. For available-for-sale and held-to-maturity debt securities, we have established a nonaccrual policy that results in timely write-off of accrued interest. See Note 7 for more information. Unrealized gains and losses on our available-for-sale securities are reported, net of taxes, in accumulated other comprehensive income included in shareholders’ equity. Amortization of premiums and accretion of discounts are recorded as interest income in the consolidated statements of operations using the interest method. Realized gains and losses from sales of securities available for sale are determined on a specific identification basis and are included in other income in the consolidated statements of operations in the period they are sold. For securities transferred from available-for-sale to held-to-maturity, carrying value also includes unrealized gains and losses recognized in accumulated other comprehensive income at the date of transfer. Such unrealized gains or losses are accreted over the remaining life of the security with no impact on future net income. Loan Classification We classify loans based on our investment strategy and management’s assessment of our intent and ability to hold loans for the foreseeable future or until maturity. Management’s intent and ability with respect to certain loans may change from time to time depending on a number of factors, including economic, liquidity, and capital conditions. The accounting and measurement framework for loans differs depending on the loan classification. The classification criteria and accounting and measurement framework for bank loans and loans held for sale are described below. Bank Loans Bank loans consist of commercial and residential mortgage loans, commercial and industrial loans, stock-secured loans, home equity loans, construction loans, and consumer loans originated or acquired by Stifel Bancorp. Bank loans include those loans that management has the intent and ability to hold and are recorded at outstanding principal adjusted for any charge-offs, allowance for loan losses, deferred origination fees and costs, and purchased discounts. Loan origination costs, net of fees, and premiums and discounts on purchased loans are deferred and recognized over the contractual life of the loan as an adjustment of yield using the interest method. Bank loans are generally collateralized by real estate, real property, marketable securities, or other assets of the borrower. Interest income is recognized using the effective interest rate method, which is based upon the respective interest rates and the average daily asset balance. Discount accretion/premium amortization is recognized using the effective interest rate method, which is based upon the respective interest rate and expected lives of loans. Allowance for Credit Losses The measurement of the allowance for credit losses, which includes the allowance for loan losses and the reserve for unfunded lending commitments, is based on management’s best estimate of lifetime expected credit losses inherent in the Company’s relevant financial assets. The expected credit losses on our loan portfolio are referred to as the allowance for loan losses and are reported separately as a contra-asset to loans on the consolidated statement of financial condition. The expected credit losses for unfunded lending commitments, including standby letters of credit and binding unfunded loan commitments, are reported on the consolidated statement of financial condition in accounts payable and accrued expenses. The provision for loan losses related to the loan portfolio and the provision for unfunded lending commitments are reported in the consolidated statement of operations in provision for credit losses. For loans, the expected credit loss is typically estimated using quantitative methods that consider a variety of factors, such as historical loss experience derived from proxy data, the current credit quality of the portfolio, as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open-ended products, the expected credit loss is determined based on the maximum repayment term associated with future draws from credit lines. In our loss forecasting framework, we incorporate forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels, corporate bond spreads, and long-term interest rate forecasts. To estimate losses for contractual periods that extend beyond the forecast horizon, we revert to an average historical loss experience. As any one economic outlook is inherently uncertain, we leverage multiple scenarios. The scenarios that are chosen each quarter and the amount of weighting given to each scenario depend on a variety of factors, including recent economic events, leading economic indicators, and industry trends. The reserve for unfunded lending commitments is estimated using the same scenarios, models, and economic data as the loan portfolio. The allowance for loan losses includes adjustments for qualitative reserves based on our company’s assessment that may not be adequately represented in the quantitative methods or the economic assumptions described above. For example, factors that we consider include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, we consider the inherent uncertainty in quantitative models that are built on historical data. As a result of the uncertainty inherent in the quantitative models, other quantitative and qualitative factors are considered in adjusting allowance amounts, including, but not limited to, the following: model imprecision, imprecision in macroeconomic scenario forecasts, or changes in the economic environment affecting specific portfolio segments that deviate from the macroeconomic forecasts. The evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Depending on changes in circumstances, future assessments of credit risk may yield materially different results from the prior estimates, which may require an increase or a decrease in the allowance for loan losses. The allowance for credit losses can also be impacted by unanticipated changes in asset quality of the portfolio. In addition, while we have incorporated our estimated impact of the coronavirus (“COVID-19”) pandemic on the economy into our allowance for credit losses, the ultimate impact of COVID-19 is still unknown, including how long economic activities will be impacted and what effect the unprecedented levels of government fiscal and monetary actions will have on the economy and our credit losses. Loans Held for Sale Loans that we intend to sell or for which we do not have the ability and intent to hold for the foreseeable future are classified as held for sale. Loans held for sale consist of fixed-rate and adjustable-rate residential and multi-family real estate mortgage loans intended for sale. Loans held for sale are stated at lower of cost or market value on an individual loan basis. Declines in market value below cost and any gains or losses on the sale of these assets are recognized in other income in the consolidated statements of operations. Market value is determined based on prevailing market prices for loans with similar characteristics or on sale contract prices. Deferred fees and costs related to these loans are not amortized but are recognized as part of the cost basis of the loan at the time it is sold. Because loans held for sale are reported at lower of cost or market value, an allowance for loan losses is not established for loans held for sale. Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement will not be collectible. Factors considered in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We consider a loan a trouble debt restructuring when an existing borrower is granted concessionary rates or terms, which would not otherwise be offered. The concessions granted do not reflect current market conditions for a new loan of similar risk to another borrower in similar financial circumstances. Once a loan is determined to be impaired, when principal or interest becomes 90 days past due or when collection becomes uncertain, the accrual of interest and amortization of deferred loan origination fees is discontinued (“nonaccrual status”) and any accrued and unpaid interest income is reversed. Loans placed on nonaccrual status are returned to accrual status when all delinquent principal and interest payments are collected and the collectibility of future principal and interest payments is reasonably assured. Loan losses are charged against the allowance for loan losses when we believe the uncollectibility of a loan balance is certain. Subsequent recoveries, if any, are credited to the allowance for loan losses. We do not include reserves for interest receivable in the measurement of the allowance for credit losses, as we generally classify loans as nonperforming at 90 days past due and reverse interest income for these loans at that time. Large groups of smaller balance homogenous loans are collectively evaluated for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment measurements. Impairment is measured on a loan-by-loan basis for non-homogeneous loans, and a specific allowance is established for individual loans determined to be impaired. Impairment is measured by comparing the carrying value of the impaired loan to the present value of its expected cash flow discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. See Note 8 for more information. Investments Our broker-dealer subsidiaries report changes in fair value of marketable and non-marketable securities in other income in the consolidated statements of operations. The fair value of marketable investments is generally based on either quoted market or dealer prices. The fair value of non-marketable securities is based on management’s estimate using the best information available, which generally consists of quoted market prices for similar securities and internally developed discounted cash flow models. Investments in the consolidated statements of financial condition contain investments in securities that are marketable and securities that are not readily marketable. These investments are not included in our broker-dealer trading inventory or available-for-sale or held-to-maturity portfolios and represent the acquiring and disposing of debt or equity instruments for our benefit. Fixed Assets, Net Office equipment is depreciated on a straight-line basis over the estimated useful life of the asset of two to seven years . Leasehold improvements are amortized on a straight-line basis over the lesser of the estimated useful life of the asset or the term of the lease. Buildings and building improvements are amortized on a straight-line basis over the estimated useful life of the asset of three to thirty-nine years . Depreciation expense is recorded in occupancy and equipment rental in the consolidated statements of operations. Office equipment and leasehold improvements are stated at cost net of accumulated depreciation and amortization in the consolidated statements of financial condition. Fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Goodwill and Intangible Assets Goodwill represents the cost of acquired businesses in excess of the fair value of the related net assets acquired. We test goodwill for impairment on an annual basis and on an interim basis when certain events or circumstances exist. We test for impairment at the reporting unit level, which is generally at the level of or one level below our company’s business segments. For both the annual and interim tests, we have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, we determine it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the two-step impairment test is not required. However, if we conclude otherwise, we are then required to perform the first step of the two-step impairment test. Goodwill impairment is determined by comparing the estimated fair value of a reporting unit with its respective carrying value. If the estimated fair value exceeds the carrying value, goodwill at the reporting unit level is not deemed to be impaired. If the estimated fair value is below carrying value, however, further analysis is required to determine the amount of the impairment. Additionally, if the carrying value of a reporting unit is zero or a negative value and it is determined that it is more likely than not the goodwill is impaired, further analysis is required. The estimated fair values of the reporting units are derived based on valuation techniques we believe market participants would use for each of the reporting units. The Company performed impairment testing on October 1, 2021, with no impairment charges resulting from the annual impairment tests. Identifiable intangible assets, which are amortized over their estimated useful lives, are tested for potential impairment whenever events or changes in circumstances suggest that the carrying value of an asset or asset group may not be fully recoverable. Loans and Advances to Financial Advisors and Other Employees, Net We offer transition pay, principally in the form of upfront loans, to financial advisors and certain key revenue producers as part of our company’s overall growth strategy. These loans are generally forgiven by a charge to compensation and benefits over a five- to ten-year period if the individual satisfies certain conditions, usually based on continued employment and certain performance standards. We monitor and compare individual financial advisor production to each loan issued to ensure future recoverability. In the event that the financial advisor is no longer affiliated with us, any unpaid balance of such loan becomes immediately due and payable to us. In determining the allowance for doubtful accounts related to former employees, management primarily considers our historical collection experience as well as other factors, including amounts due at termination, the reasons for the terminated relationship, and the former financial advisor’s overall financial position. When the review of these factors indicates that further collection activity is highly unlikely, the outstanding balance of such loan is written-off and the corresponding allowance is reduced. The aging of this receivable balance is not a determinative factor in computing our allowance for doubtful accounts, as concerns regarding the recoverability of these loans primarily arise in the event that the financial advisor is no longer affiliated with us. We present the outstanding balance of loans to financial advisors on our consolidated statements of financial condition, net of the allowance for doubtful accounts. Our allowance for doubtful accounts was approximately $ 19.6 million and $ 18.7 million at December 31, 2021 and 2020, respectively. Derivative Instruments In order to mitigate the interest rate exposure associated with its customer transactions, the Company also enters into offsetting derivative transactions with derivative dealers. We recognize all of our derivative instruments at fair value as either assets or liabilities in the consolidated statements of financial condition, with changes in fair value recorded through earnings in principal transactions, net. These instruments are recorded in other assets or accounts payable and accrued expenses in the consolidated statements of financial condition and in the operating section of the consolidated statements of cash flows as increases or decreases of other assets and accounts payable and accrued expenses. Derivatives consist of interest rate swaps and options. Interest rate swaps are contractual agreements that convert the interest rate bases (i.e., fixed or floating) on an underlying financial asset or liability. Interest rate options grant the option holder the right to buy or sell an underlying financial instrument for a predetermined price before the contract expires. Our company’s policy is not to offset fair value amounts recognized for derivative instruments and fair value amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments recognized at fair value executed with the same counterparty under master netting arrangements. The accounting for changes in the fair value (i.e., gains and losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, we must also designate the hedging instrument or transaction, based upon the exposure being hedged. Revenue Recognition Customer securities transactions are recorded on a settlement date basis, with related commission revenues and expenses recorded on a trade date basis. Commission revenues are recorded as the amount charged to the customer, which, in certain cases, may include varying discounts. Principal securities transactions are recorded on a trade date basis. We typically distribute our proprietary equity research products to our client base of institutional investors at no charge. These proprietary equity research products are accounted for as a cost of doing business. Advisory revenues from mergers and acquisitions engagements are recognized at a point in time when the related transaction is completed, as the performance obligation is to successfully broker a specific transaction. Advisory expenses are deferred only to the extent they are explicitly reimbursable by the client and the related revenue has been recognized. A

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Acquisitions	NOTE 3 – Ac quisitions Vining Sparks On November 1, 2021 , the Company acquired Vining Sparks and its affiliates (“Vining Sparks”). Established in 1981 and headquartered in Memphis, Tennessee, Vining Sparks provides institutional fixed income brokerage, balance sheet management, and underwriting services to institutional clients, with a core focus on depository institutions, but also serving municipalities, money managers, insurance companies, trust departments, and pension funds. Consideration for this acquisition consisted of cash from operations and shares of company common stock. We issued approximately 1.2 million shares as part of the consideration for the Vining Sparks acquisition. The acquisition was accounted for under the acquisition method of accounting in accordance with ASC 805 (“ASC Topic 805”), “Business Combinations.” Accordingly, goodwill was measured as the excess of the acquisition-date fair value of the consideration transferred over the amount of acquisition-date identifiable assets acquired net of assumed liabilities. We recorded $ 124.6 million of goodwill in the consolidated statement of financial condition, which has been allocated to our company’s Institutional Group segment. Identifiable intangible assets purchased by our company consisted of customer relationships and trade name with an acquisition-date fair value of $ 25.4 million. The goodwill represents the value expected from the synergies created through the operational enhancement benefits that will result from the integration of the Vining Sparks business. Goodwill is expected to be deductible for federal income tax purposes. Pro forma information is not presented because the acquisition is not considered to be material, as defined by the SEC. The results of operations of Vining Sparks have been included in our results prospectively from the date of acquisition. B&F Capital Markets, Inc. On September 3, 2019 , the Company completed the acquisition of B&F Capital Markets, Inc. (“B&F”), a privately held firm focused on providing regional and community banks throughout the United States with interest rate derivative programs through a combination of experienced professionals and proprietary software. The acquisition was funded with cash from operations. We recognized a liability for estimated earn-out payments. These payments will be based on the performance of B&F over a five-year period. The liability for earn-out payments was $ 10.5 million and $ 16.0 million at December 31, 2021 and 2020, respectively. The contingent consideration accrual is included in accounts payable and accrued expenses in the consolidated statements of financial condition. Mooreland Partners On July 1, 2019 , the Company completed the acquisition of Mooreland Partners (“Mooreland”), an independent M&A and private capital advisory firm serving the global technology industry. The acquisition was funded with cash from operations. We recognized a liability for estimated earn-out payments. These payments will be based on the performance of Mooreland over a three-year period. The liability for earn-out payments was $ 18.5 million and $ 13.0 million at December 31, 2021 and 2020, respectively. The contingent consideration accrual is included in accounts payable and accrued expenses in the consolidated statements of financial condition. During the year ended December 31, 2021, we recorded approximately $ 13.5 million of additional earn-out expense as Mooreland has performed better than our original projections. The additional earn-out expense is recorded in other operating expenses in the consolidated statements of operations.

Receivables From And Payables T

Receivables From And Payables To Brokers, Dealers And Clearing Organizations	12 Months Ended
	Dec. 31, 2021
Due To And From Broker Dealers And Clearing Organizations [Abstract]
Receivables From And Payables To Brokers, Dealers And Clearing Organizations	NOTE 4 – Receivables From and Payables to B rokers, Dealers, and Clearing Organizations Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2021 and 2020, included (in thousands) : December 31, 2021 2020 Receivables from clearing organizations $ 278,482 $ 229,070 Deposits paid for securities borrowed 260,586 313,131 Securities failed to deliver 35,188 7,291 $ 574,256 $ 549,492 Amounts payable to brokers, dealers, and clearing organizations at December 31, 2021 and 2020, included (in thousands) : December 31, 2021 2020 Deposits received from securities loaned $ 149,219 $ 145,124 Securities failed to receive 64,170 7,273 Payable to clearing organizations 44,340 25,540 $ 257,729 $ 177,937 Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 5 – Fair Va lue Measurements We measure certain financial assets and liabilities at fair value on a recurring basis, including financial instruments owned, available-for-sale securities, investments, financial instruments sold, but not yet purchased, and derivatives. We generally utilize third-party pricing services to value Level 1 and Level 2 available-for-sale investment securities, as well as certain derivatives designated as cash flow hedges. We review the methodologies and assumptions used by the third-party pricing services and evaluate the values provided, principally by comparison with other available market quotes for similar instruments and/or analysis based on internal models using available third-party market data. We may occasionally adjust certain values provided by the third-party pricing service when we believe, as the result of our review, that the adjusted price most appropriately reflects the fair value of the particular security. Following are descriptions of the valuation methodologies and key inputs used to measure financial assets and liabilities recorded at fair value. The descriptions include an indication of the level of the fair value hierarchy in which the assets or liabilities are classified. Financial Instruments Owned and Available-For-Sale Securities When available, the fair value of financial instruments is based on quoted prices in active markets and reported in Level 1. Level 1 financial instruments include highly liquid instruments with quoted prices, such as U.S. government securities, corporate fixed income securities, and equity securities listed in active markets. If quoted prices are not available for identical instruments, fair values are obtained from pricing services, broker quotes, or other model-based valuation techniques with observable inputs, such as the present value of estimated cash flows, and reported as Level 2. The nature of these financial instruments include instruments for which quoted prices are available but traded less frequently, instruments whose fair value has been derived using a model where inputs to the model are directly observable in the market, or can be derived principally from or corroborated by observable market data, and instruments that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 2 financial instruments include U.S. government agency securities, mortgage-backed securities, fixed income and equity securities infrequently traded, state and municipal securities, and asset-backed securities. We have identified Level 3 financial instruments to include certain asset-backed securities and loans, included in other in the table below, and equity securities with unobservable pricing inputs. Level 3 financial instruments have little to no pricing observability as of the report date. These financial instruments do not have active two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Investments Investments carried at fair value primarily include corporate equity securities, auction-rate securities (“ARS”), and private company investments. Corporate equity securities are primarily valued based on quoted prices in active markets and reported in Level 1. ARS are primarily valued based upon our expectations of issuer redemptions and using internal discounted cash flow models that utilize unobservable inputs. ARS are reported as Level 3 assets. Private company investments are primarily valued based upon internally developed models. These valuations require significant management judgment due to the absence of quoted market prices, the inherent lack of liquidity, and their long-term nature. Typically, the initial costs of these investments are considered to represent fair market value, as such amounts are negotiated between willing market participants. Private company investments are primarily reported as Level 3 assets. Investments at fair value include investments in funds, including certain money market funds that are measured at net asset value (“NAV”). The Company uses NAV to measure the fair value of its fund investments when (i) the fund investment does not have a readily determinable fair value and (ii) the NAV of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting, including measurement of the underlying investments at fair value. The Company’s investments in funds measured at NAV include partnership interests, mutual funds, money market funds, and private equity funds. Private equity funds primarily invest in a broad range of industries worldwide in a variety of situations, including leveraged buyouts, recapitalizations, growth investments, and distressed investments. The private equity funds are primarily closed-end funds in which the Company’s investments are generally not eligible for redemption. Distributions will be received from these funds as the underlying assets are liquidated or distributed. The general and limited partnership interests in investment partnerships were primarily valued based upon NAVs received from third-party fund managers. The various partnerships are investment companies, which record their underlying investments at fair value based on fair value policies established by management of the underlying fund. Fair value policies at the underlying fund generally require the funds to utilize pricing/valuation information, including independent appraisals, from third-party sources. However, in some instances, current valuation information for illiquid securities or securities in markets that are not active may not be available from any third-party source or fund management may conclude that the valuations that are available from third-party sources are not reliable. In these instances, fund management may perform model-based analytical valuations that may be used as an input to value these investments. The table below presents the fair value of our investments in, and unfunded commitments to, funds that are measured at NAV (in thousands): December 31, 2021 December 31, 2020 Fair value of investments Unfunded commitments Fair value of investments Unfunded commitments Partnership interests $ 13,372 $ 12,721 $ 3,744 $ 2,520 Mutual funds 7,310 — 7,152 — Money market funds 3,004 — 34,192 — Private equity funds 2,376 1,203 1,489 1,203 Total $ 26,062 $ 13,924 $ 46,577 $ 3,723 Financial Instruments Sold, But Not Yet Purchased Financial instruments sold, but not purchased, recorded at fair value based on quoted prices in active markets and other observable market data include highly liquid instruments with quoted prices, such as U.S. government securities, and equity securities listed in active markets, which are reported as Level 1. If quoted prices are not available, fair values are obtained from pricing services, broker quotes, or other model-based valuation techniques with observable inputs, such as the present value of estimated cash flows, and reported as Level 2. The nature of these financial instruments include instruments for which quoted prices are available but traded less frequently, instruments whose fair value has been derived using a model where inputs to the model are directly observable in the market, or can be derived principally from or corroborated by observable market data, and instruments that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 2 financial instruments include U.S. government agency securities, agency mortgage-backed securities not actively traded, fixed income securities, and sovereign debt securities. Derivatives Derivatives are valued using quoted market prices for identical instruments when available or observable inputs from forward and futures yield curves. The valuation models used require market observable inputs, including contractual terms, market prices, yield curves, credit curves, and measures of volatility. We manage credit risk for our derivative positions on counterparty-by-counterparty basis and calculate credit valuation adjustments, included in the fair value of these instruments, on the basis of our relationships at the counterparty portfolio/master netting agreement level. These credit valuation adjustments are determined by applying a credit spread for the counterparty to the total expected exposure of the derivative after considering collateral and other master netting arrangements. We have classified our interest rate swaps as Level 2. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2021, are presented below (in thousands) : December 31, 2021 Total Level 1 Level 2 Level 3 Financial instruments owned: U.S. government securities $ 10,774 $ 10,774 $ — $ — U.S. government agency securities 143,793 — 143,793 — Agency mortgage-backed securities 335,050 — 335,050 — Asset-backed securities 132,087 — 67,381 64,706 Corporate securities: Fixed income securities 255,999 183 255,816 — Equity securities 75,056 73,493 1,338 225 State and municipal securities 162,335 — 162,335 — Other (1) 41,910 — 15,053 26,857 Total financial instruments owned 1,157,004 84,450 980,766 91,788 Available-for-sale securities: U.S. government agency securities 1,808 — 1,808 — State and municipal securities 2,399 — 2,399 — Mortgage-backed securities: Agency 952,186 — 952,186 — Commercial 73,985 — 73,985 — Non-agency 568 — 568 — Corporate fixed income securities 791,893 — 791,893 — Asset-backed securities 291,054 — 291,054 — Total available-for-sale securities 2,113,893 — 2,113,893 — Investments: Corporate equity securities 21,308 13,893 1,661 5,754 Auction rate securities 13,032 — — 13,032 Other 60,406 10,217 14,352 35,837 Investments in funds and partnerships measured at NAV 23,058 Total investments 117,804 24,110 16,013 54,623 Cash equivalents measured at NAV 3,004 Derivative contracts (2) 52,129 — 52,129 — $ 3,443,834 $ 108,560 $ 3,162,801 $ 146,411 (1) Includes loans, non-agency mortgage-backed securities, and sovereign debt. (2) Included in other assets in the consolidated statements of financial condition. December 31, 2021 Total Level 1 Level 2 Level 3 Liabilities: Financial instruments sold, but not yet purchased: U.S. government securities $ 377,023 $ 377,023 $ — $ — U.S. government agency securities 37,395 — 37,395 — Agency mortgage-backed securities 156,628 — 156,628 — Corporate securities: Fixed income securities 153,852 — 153,852 — Equity securities 28,482 28,482 — — Sovereign debt 2,770 — 2,770 — Total financial instruments sold, but not yet purchased 756,150 405,505 350,645 — Derivative contracts (3) 52,147 — 52,147 — $ 808,297 $ 405,505 $ 402,792 $ — (3) Included in accounts payable and accrued expenses in the consolidated statements of financial condition. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2020, are presented below (in thousands) : December 31, 2020 Total Level 1 Level 2 Level 3 Financial instruments owned: U.S. government securities $ 46,900 $ 46,900 $ — $ — U.S. government agency securities 56,450 — 56,450 — Agency mortgage-backed securities 216,434 — 216,434 — Asset-backed securities 3,394 — 3,385 9 Corporate securities: Fixed income securities 194,575 4,474 190,101 — Equity securities 67,593 62,979 4,614 — State and municipal securities 96,150 — 96,150 — Other (1) 12,532 — 1,257 11,275 Total financial instruments owned 694,028 114,353 568,391 11,284 Available-for-sale securities: U.S. government agency securities 4,361 — 4,361 — State and municipal securities 2,453 — 2,453 — Mortgage-backed securities: Agency 793,410 — 793,410 — Commercial 95,613 — 95,613 — Non-agency 4,569 — 4,569 — Corporate fixed income securities 631,758 — 631,758 — Asset-backed securities 698,133 — 698,133 — Total available-for-sale securities 2,230,297 — 2,230,297 — Investments: Corporate equity securities 29,496 29,496 — — Auction rate securities 12,933 — — 12,933 Other 59,048 10,342 6,593 42,113 Investments in funds and partnerships measured at NAV 12,385 Total investments 113,862 39,838 6,593 55,046 Cash equivalents measured at NAV 34,192 $ 3,072,379 $ 154,191 $ 2,805,281 $ 66,330 (1) Includes loans, sovereign debt, and non-agency mortgage-backed securities. December 31, 2020 Total Level 1 Level 2 Level 3 Liabilities: Financial instruments sold, but not yet purchased: U.S. government securities $ 91,974 $ 91,974 $ — $ — Agency mortgage-backed securities 141,227 — 141,227 — Corporate securities: Fixed income securities 162,626 4,094 158,532 — Equity securities 30,848 30,848 — — Other (2) 11,303 — 11,303 — Total financial instruments sold, but not yet purchased $ 437,978 $ 126,916 $ 311,062 $ — (2) Includes sovereign debt and state and municipal securities. The following table summarizes the changes in fair value associated with Level 3 financial instruments during the year ended December 31, 2021 (in thousands) : Year Ended December 31, 2021 Financial instruments owned Investments Asset-Backed Securities Corporate Equity Loans Corporate Equity Auction Rate Other Balance at December 31, 2020 $ 9 $ — $ 11,275 $ — $ 12,933 $ 42,113 Unrealized gains/(losses) ( 3,002 ) — ( 68 ) ( 1,000 ) 124 654 Realized gains 9,485 — — — — — Purchases 68,104 — 23,600 3,000 — — Sales — — ( 7,725 ) ( 2,000 ) — — Redemptions ( 16,750 ) — — — ( 25 ) — Transfers into Level 3 6,930 225 — 5,754 — — Transfers out of Level 3 ( 70 ) — ( 225 ) — — ( 6,930 ) Net change 64,697 225 15,582 5,754 99 ( 6,276 ) Balance at December 31, 2021 $ 64,706 $ 225 $ 26,857 $ 5,754 $ 13,032 $ 35,837 The following table summarizes the changes in fair value associated with Level 3 financial instruments during the year ended December 31, 2020 (in thousands) : Year Ended December 31, 2020 Financial instruments owned Investments Other (1) Corporate Equity Auction Rate Other Balance at December 31, 2019 $ 9,326 $ 1,060 $ 14,427 $ 853 Unrealized losses ( 3,126 ) — ( 1,494 ) ( 296 ) Realized losses ( 71 ) — — — Purchases 25,852 — — — Sales ( 20,000 ) — — ( 20 ) Redemptions ( 697 ) — — — Transfers into Level 3 — — — 41,576 Transfers out of Level 3 — ( 1,060 ) — — Net change 1,958 ( 1,060 ) ( 1,494 ) 41,260 Balance at December 31, 2020 $ 11,284 $ — $ 12,933 $ 42,113 (1) Includes asset-backed securities and loans. The results included in the tables above are only a component of the overall investment strategies of our company. The tables above do not present Level 1 or Level 2 valued assets or liabilities. The changes in unrealized gains/(losses) recorded in earnings for the years ended December 31, 2021 and 2020, relating to Level 3 assets still held at December 31, 2021, were immaterial. The fair value of certain Level 3 assets was determined using various methodologies, as appropriate, including third-party pricing vendors and broker quotes. These inputs are evaluated for reasonableness through various procedures, including due diligence reviews of third-party pricing vendors, variance analyses, consideration of current market environment, and other analytical procedures. The fair value for our auction rate securities was determined using an income approach based on an internally developed discounted cash flow model. The discounted cash flow model utilizes two significant unobservable inputs: discount rate and workout period. Significant increases in any of these inputs in isolation would result in a significantly lower fair value. On an ongoing basis, management verifies the fair value by reviewing the appropriateness of the discounted cash flow model and its significant inputs. Fair Value of Financial Instruments The following reflects the fair value of financial instruments as of December 31, 2021 and 2020, whether or not recognized in the consolidated statements of financial condition at fair value (in thousands) . December 31, 2021 December 31, 2020 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents $ 1,963,326 $ 1,963,326 $ 2,279,274 $ 2,279,274 Cash segregated for regulatory purposes 186,331 186,331 172,932 172,932 Securities purchased under agreements to resell 579,866 579,866 217,930 217,930 Financial instruments owned 1,157,004 1,157,004 694,028 694,028 Available-for-sale securities 2,113,893 2,113,893 2,230,297 2,230,297 Held-to-maturity securities 5,348,558 5,343,481 4,117,384 4,107,960 Bank loans 16,627,847 16,704,912 11,006,760 11,088,058 Loans held for sale 207,715 207,715 551,248 551,248 Investments 117,804 117,804 113,862 113,862 Derivative contracts (1) 52,129 52,129 — — Financial liabilities: Securities sold under agreements to repurchase $ 385,528 $ 385,528 $ 190,955 $ 190,955 Bank deposits 23,280,348 22,998,842 17,396,497 17,192,722 Financial instruments sold, but not yet purchased 756,150 756,150 437,978 437,978 Senior notes 1,113,478 1,218,344 1,112,409 1,265,669 Debentures to Stifel Financial Capital Trusts 60,000 46,340 60,000 41,071 Derivative contracts (2) 52,147 52,147 — — (1) Included in other assets in the consolidated statements of financial condition. (2) Included in accounts payable and accrued expenses in the consolidated statements of financial condition. The following tables present the estimated fair values of financial instruments not measured at fair value on a recurring basis as of December 31, 2021 and December 31, 2020 (in thousands) : December 31, 2021 Total Level 1 Level 2 Level 3 Financial assets: Cash $ 1,960,322 $ 1,960,322 $ — $ — Cash segregated for regulatory purposes 186,331 186,331 — — Securities purchased under agreements to resell 579,866 371,797 208,069 — Held-to-maturity securities 5,343,481 — 5,205,085 138,396 Bank loans 16,704,912 — 16,704,912 — Loans held for sale 207,715 — 207,715 — Financial liabilities: Securities sold under agreements to repurchase $ 385,528 $ 10,000 $ 375,528 $ — Bank deposits 22,998,842 — 22,998,842 — Senior notes 1,218,344 1,218,344 — — Debentures to Stifel Financial Capital Trusts 46,340 — — 46,340 December 31, 2020 Total Level 1 Level 2 Level 3 Financial assets: Cash $ 2,245,082 $ 2,245,082 $ — $ — Cash segregated for regulatory purposes 172,932 172,932 — — Securities purchased under agreements to resell 217,930 164,094 53,836 — Held-to-maturity securities 4,107,960 — 3,943,944 164,016 Bank loans 11,088,058 — 11,088,058 — Loans held for sale 551,248 — 551,248 — Financial liabilities: Securities sold under agreements to repurchase $ 190,955 $ — $ 190,955 $ — Bank deposits 17,192,722 — 17,192,722 — Senior notes 1,265,669 1,265,669 — — Debentures to Stifel Financial Capital Trusts 41,071 — — 41,071 The following, as supplemented by the discussion above, describes the valuation techniques used in estimating the fair value of our financial instruments as of December 31, 2021 and 2020. Financial Assets Securities Purchased Under Agreements to Resell Securities purchased under agreements to resell are collateralized financing transactions that are recorded at their contractual amounts plus accrued interest. The carrying values at December 31, 2021 and 2020 approximate fair value due to their short-term nature. Held-to-Maturity Securities Securities held to maturity are recorded at amortized cost based on our company’s positive intent and ability to hold these securities to maturity. Securities held to maturity include asset-backed securities, consisting of collateralized loan obligation securities and student loan ARS. The estimated fair value, included in the above table, is determined using several factors; however, primary weight is given to discounted cash flow modeling techniques that incorporated an estimated discount rate based upon recent observable debt security issuances with similar characteristics. Bank Loans The fair values of mortgage loans and commercial loans were estimated using a discounted cash flow method, a form of the income approach. Discount rates were determined considering rates at which similar portfolios of loans, with similar remaining maturities, would be made and considering liquidity spreads applicable to each loan portfolio based on the secondary market. Loans Held for Sale Loans held for sale consist of fixed-rate and adjustable-rate residential real estate mortgage loans intended for sale. Loans held for sale are stated at lower of cost or market value. Market value is determined based on prevailing market prices for loans with similar characteristics or on sale contract prices. Financial Liabilities Securities Sold Under Agreements to Repurchase Securities sold under agreements to repurchase are collateralized financing transactions that are recorded at their contractual amounts plus accrued interest. The carrying values at December 31, 2021 and 2020 approximate fair value due to the short-term nature. Bank Deposits The fair value of interest-bearing deposits, including certificates of deposits, demand deposits, savings, and checking accounts, was calculated by discounting the future cash flows using discount rates based on the replacement cost of funding of similar structures and terms. Senior Notes The fair value of our senior notes is estimated based upon quoted market prices. Debentures to Stifel Financial Capital Trusts The fair value of our trust preferred securities is based on the discounted value of contractual cash flows. We have assumed a discount rate based on similar type debt instruments. These fair value disclosures represent our best estimates based on relevant market information and information about the financial instruments. Fair value estimates are based on judgments regarding future expected losses, current economic conditions, risk characteristics of the various instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in the above methodologies and assumptions could significantly affect the estimates.

Financial Instruments Owned And

Financial Instruments Owned And Financial Instruments Sold, But Not Yet Purchased	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Financial Instruments Owned And Financial Instruments Sold, But Not Yet Purchased	NOTE 6 – Financial Instruments Owned and Finan cial Instruments Sold, But Not Yet Purchased The components of financial instruments owned and financial instruments sold, but not yet purchased, at December 31, 2021 and 2020, are as follows (in thousands) : December 31, 2021 2020 Financial instruments owned: U.S. government securities $ 10,774 $ 46,900 U.S. government agency securities 143,793 56,450 Agency mortgage-backed securities 335,050 216,434 Asset-backed securities 132,087 3,394 Corporate securities: Fixed income securities 255,999 194,575 Equity securities 75,056 67,593 State and municipal securities 162,335 96,150 Other (1) 41,910 12,532 $ 1,157,004 $ 694,028 Financial instruments sold, but not yet purchased: U.S. government securities $ 377,023 $ 91,974 U.S. government agency securities 37,395 — Agency mortgage-backed securities 156,628 141,227 Corporate securities: Fixed income securities 153,852 162,626 Equity securities 28,482 30,848 Other (2) 2,770 11,303 $ 756,150 $ 437,978 (1) Includes loans, non-agency mortgage-backed securities, and sovereign debt. (2) Includes sovereign debt and state and municipal securities. At December 31, 2021 and 2020, financial instruments owned in the amount of $ 394.0 million and $ 194.0 million, respectively, were pledged as collateral for our repurchase agreements and short-term borrowings. Our financial instruments owned are presented on a trade-date basis in the consolidated statements of financial condition. Financial instruments sold, but not yet purchased, represent obligations of our company to deliver the specified security at the contracted price, thereby creating a liability to purchase the security in the market at prevailing prices in future periods. We are obligated to acquire the securities sold short at prevailing market prices in future periods, which may exceed the amount reflected in the consolidated statements of financial condition.

Available-For-Sale And Held-To-

Available-For-Sale And Held-To-Maturity Securities	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Available-For-Sale And Held-To-Maturity Securities	NOTE 7 – Available-for-Sale an d Held-to-Maturity Securities The following tables provide a summary of the amortized cost and fair values of the available-for-sale securities and held-to-maturity securities at December 31, 2021 and 2020 (in thousands) : December 31, 2021 Amortized Gross (1) Gross (1) Fair Value Available-for-sale securities U.S. government agency securities $ 1,800 $ 8 $ — $ 1,808 State and municipal securities 2,372 27 — 2,399 Mortgage-backed securities: Agency 954,021 7,181 ( 9,016 ) 952,186 Commercial 72,765 1,220 — 73,985 Non-agency 564 4 — 568 Corporate fixed income securities 783,289 14,385 ( 5,781 ) 791,893 Asset-backed securities 289,702 3,581 ( 2,229 ) 291,054 $ 2,104,513 $ 26,406 $ ( 17,026 ) $ 2,113,893 Held-to-maturity securities (2) Asset-backed securities $ 5,348,558 $ 7,659 $ ( 12,736 ) $ 5,343,481 December 31, 2020 Amortized Gross (1) Gross (1) Fair Value Available-for-sale securities U.S. government agency securities $ 4,293 $ 68 $ — $ 4,361 State and municipal securities 2,395 58 — 2,453 Mortgage-backed securities: Agency 777,025 16,401 ( 16 ) 793,410 Commercial 91,237 4,376 — 95,613 Non-agency 4,550 28 ( 9 ) 4,569 Corporate fixed income securities 604,662 27,096 — 631,758 Asset-backed securities 700,177 3,522 ( 5,566 ) 698,133 $ 2,184,339 $ 51,549 $ ( 5,591 ) $ 2,230,297 Held-to-maturity securities (2) Asset-backed securities 4,117,384 8,111 ( 17,535 ) 4,107,960 (1) Unrealized gains/(losses) related to available-for-sale securities are reported in accumulated other comprehensive income. (2) Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements. We are required to evaluate our available-for-sale and held-to-maturity debt securities for any expected losses with recognition of an allowance for credit losses, when applicable. For more information, see Note 2 – Summary of Significant Accounting Policies . At December 31, 2021, we did not have an allowance for credit losses recorded on our investment portfolio. Accrued interest receivable for our investment portfolio at December 31, 2021 and 2020, was $ 29.1 million and $ 26.0 million, respectively, and is reported in other assets in the consolidated statements of financial condition. We do not include reserves for interest receivable in the measurement of the allowance for credit losses. There were no sales of available-for-sale securities during the year ended December 31, 2021. For the year ended December 31, 2020, we received proceeds of $ 491.9 million from the sale of available-for-sale securities, which resulted in a realized loss of $ 0.5 million. For the year ended December 31, 2019, we received proceeds of $ 641.8 million from the sale of available-for-sale securities, which resulted in a realized loss of $ 0.3 million. During the year ended December 31, 2021, the Company transferred $ 312.9 million of certain asset-backed securities from the available-for-sale category to held-to-maturity. Management determined that it has both the positive intent and ability to hold these securities to maturity. The reclassification of these securities was accounted for at fair value. On the date of transfer, the difference between the par value and the fair value of these securities resulted in a premium or discount that, under amortized cost accounting, will be amortized as a yield adjustment to interest income using the interest method. There were no gains or losses recognized as a result of these transfers. During the year ended December 31, 2020, the Company transferred $ 1.0 billion of certain asset-backed securities from the available-for-sale category to held-to-maturity. Management determined that it has both the positive intent and ability to hold these securities to maturity. The reclassification of these securities was accounted for at fair value. There were no gains or losses recognized as a result of these transfers. The table below summarizes the amortized cost and fair values of our securities by contractual maturity (in thousands) . Expected maturities may differ significantly from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2021 December 31, 2020 Amortized Fair Value Amortized Fair Value Available-for-sale securities Within one year $ 36,671 $ 36,899 $ 143,462 $ 144,362 After one year through three years 217,606 222,942 134,040 137,625 After three years through five years 192,271 196,380 247,907 266,139 After five years through ten years 455,429 455,848 429,921 435,111 After ten years 1,202,536 1,201,824 1,229,009 1,247,060 $ 2,104,513 $ 2,113,893 $ 2,184,339 $ 2,230,297 Held-to-maturity securities After three years through five years 2,825 2,825 17,460 17,460 After five years through ten years 2,282,162 2,278,597 1,932,439 1,926,425 After ten years 3,063,571 3,062,059 2,167,485 2,164,075 $ 5,348,558 $ 5,343,481 $ 4,117,384 $ 4,107,960 The maturities of our available-for-sale (fair value) and held-to-maturity (amortized cost) securities at December 31, 2021, are as follows (in thousands) : Within 1 1-5 Years 5-10 Years After 10 Total Available-for-sale securities (1) U.S. government agency securities $ 1,808 $ — $ — $ — $ 1,808 State and municipal securities — — 2,399 — 2,399 Mortgage-backed securities: Agency 58 102 57,163 894,863 952,186 Commercial — — — 73,985 73,985 Non-agency — — 568 — 568 Corporate fixed income securities 35,033 419,220 337,640 — 791,893 Asset-backed securities — — 58,078 232,976 291,054 $ 36,899 $ 419,322 $ 455,848 $ 1,201,824 $ 2,113,893 Held-to-maturity securities Asset-backed securities $ — $ 2,825 $ 2,282,162 $ 3,063,571 $ 5,348,558 (1) Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis. At December 31, 2021 and 2020, securities of $ 639.6 million and $ 368.4 million, respectively, were pledged at the Federal Home Loan Bank as collateral for borrowings and letters of credit obtained to secure public deposits. At December 31, 2021 and 2020, securities of $ 1.2 billion and $ 1.4 billion, respectively, were pledged with the Federal Reserve discount window. The following table shows the gross unrealized losses and fair value of the Company’s investment securities with unrealized losses, aggregated by investment category and length of time the individual investment securities have been in continuous unrealized loss positions, at December 31, 2021 (in thousands) : Less than 12 months 12 months or more Total Gross Fair Value Gross Fair Value Gross Fair Value Available-for-sale securities Agency mortgage-backed securities $ ( 5,833 ) $ 499,332 $ ( 3,183 ) $ 104,035 $ ( 9,016 ) $ 603,367 Corporate fixed income securities ( 5,781 ) 305,324 — — ( 5,781 ) 305,324 Asset-backed securities ( 1,933 ) 117,388 ( 296 ) 35,800 ( 2,229 ) 153,188 $ ( 13,547 ) $ 922,044 $ ( 3,479 ) $ 139,835 $ ( 17,026 ) $ 1,061,879 At December 31, 2021, the amortized cost of 89 securities classified as available for sale exceeded their fair value by $ 17.0 million, of which $ 3.5 million related to investment securities that had been in a loss position for 12 months or longer. The total fair value of these investments at December 31, 2021, was $ 1.1 billion , which was 50.2 % of our available-for-sale portfolio. Credit Quality Indicators The Company uses Moody credit ratings as the credit quality indicator for its held-to-maturity debt securities. Each security is evaluated at least quarterly. The indicators represent the rating for debt securities, as of the date presented, based on the most recent assessment performed. The following table shows the amortized cost of our held-to-maturity securities by credit quality indicator at December 31, 2021 (in thousands) : AAA AA A C Total Held-to-maturity securities Asset-backed securities $ 976,695 $ 4,364,523 $ 5,000 $ 2,340 $ 5,348,558

Bank Loans

Bank Loans	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Bank Loans	NOTE 8 – B ank Loans The following table presents the balance and associated percentage of each major loan category in our bank loan portfolio at December 31, 2021 and 2020 (in thousands, except percentages) : December 31, 2021 December 31, 2020 Balance Percent Balance Percent Commercial and industrial $ 7,345,753 43.9 % $ 4,296,089 38.5 % Residential real estate 5,482,026 32.7 3,956,670 35.4 Securities-based loans 2,880,158 17.2 1,933,974 17.3 Construction and land 511,084 3.1 501,681 4.5 Commercial real estate 409,847 2.4 366,485 3.3 Home equity lines of credit 82,508 0.5 75,507 0.7 Other 32,111 0.2 40,407 0.3 Gross bank loans 16,743,487 100.0 % 11,170,813 100.0 % Unamortized loan discount, net ( 150 ) ( 1,822 ) Loans in process ( 10,134 ) ( 48,222 ) Unamortized loan fees, net ( 6,012 ) ( 1,980 ) Allowance for loan losses ( 99,344 ) ( 112,029 ) Loans held for investment, net $ 16,627,847 $ 11,006,760 At December 31, 2021 and 2020, Stifel Bancorp had loans outstanding to its executive officers and directors and executive officers and directors of certain affiliated entities in the amount of $ 27.2 million and $ 23.6 million, respectively. At December 31, 2021 and 2020, we had loans held for sale of $ 207.7 million and $ 551.2 million, respectively. For the years ended December 31, 2021, 2020, and 2019, we recognized gains, included in other income in the consolidated statements of operations, of $ 29.8 million, $ 41.2 million, and $ 13.1 million, respectively, from the sale of originated loans, net of fees and costs. During the year ended December 31, 2021, we sold $ 208.0 million in unpaid principal balance of loans. Based upon the terms of the sale, we recognized a $ 2.5 million gain, which is reflected in other income on the consolidated statements of operations. At December 31, 2021 and 2020, loans, primarily consisting of residential and commercial real estate loans of $ 4.9 billion and $ 3.8 billion, respectively, were pledged at the Federal Home Loan Bank as collateral for borrowings. Accrued interest receivable for loans and loans held for sale at December 31, 2021 and 2020, was $ 27.4 million and $ 20.8 million, respectively, and is reported in other assets on the consolidated statement of financial condition. The following table details activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2021 and 2020 (in thousands) . Year Ended December 31, 2021 Beginning Provision Charge- Recoveries Ending Commercial and industrial $ 67,222 $ ( 8,462 ) $ ( 5,232 ) $ 1 $ 53,529 Residential real estate 16,300 12,260 — — 28,560 Construction and land 17,275 ( 8,739 ) — — 8,536 Securities-based loans 2,015 1,991 — — 4,006 Commercial real estate 8,580 ( 4,646 ) — — 3,934 Home equity lines of credit 374 137 — — 511 Other 263 5 — — 268 $ 112,029 $ ( 7,454 ) $ ( 5,232 ) $ 1 $ 99,344 Year Ended December 31, 2020 Beginning CECL Adoption Provision Charge- Recoveries Ending Commercial and industrial $ 69,949 $ ( 19,940 ) $ 17,341 $ ( 153 ) $ 25 $ 67,222 Construction and land 4,613 2,674 9,988 — — 17,275 Residential real estate 14,253 3,499 ( 1,452 ) — — 16,300 Commercial real estate 3,564 791 4,225 — — 8,580 Securities-based loans 2,361 1,346 ( 1,692 ) — — 2,015 Home equity lines of credit 442 39 ( 195 ) — 88 374 Other 397 ( 145 ) 49 ( 40 ) 2 263 $ 95,579 $ ( 11,736 ) $ 28,264 $ ( 193 ) $ 115 $ 112,029 On January 1, 2020, we adopted the new accounting standard that requires the measurement of the allowance for credit losses to be based on management’s best estimate of lifetime expected credit losses inherent in our company’s relevant financial assets. Upon adoption of the new accounting standard, we recorded a $ 10.4 million increase in the allowance for credit losses on January 1, 2020, which was comprised of a net increase to the allowance for loan losses and an adjustment to the reserve for unfunded lending commitments. During the year ended December 31, 2020, we recorded $ 28.3 million of net credit loss reserves reflecting the impact of change in our company’s outlook on estimated lifetime expected credit losses under the CECL standard due to the COVID-19 pandemic. During the year ended December, 31, 2021, we released $ 11.5 million of net credit loss reserves, including $ 7.5 million of the allowance for credit losses and $ 4.0 million of the reserve for unfunded lending commitments, reflecting the improvement in our economic projections. For more information on our company’s credit loss accounting policies, including the allowance for credit losses, see Note 2 – Summary of Significant Accounting Policies. For more information on the reserve for unfunded lending commitments, see Note 23 – Off-Balance Sheet Credit Risk. At December 31, 2021, we had $ 17.3 million of impaired loans, net of discounts, which included $ 0.2 million in troubled debt restructurings. The specific allowance on impaired loans at December 31, 2021, was $ 6.2 million. At December 31, 2020, we had $ 13.8 million of impaired loans, net of discounts, which included $ 0.2 million in troubled debt restructurings. The specific allowance on impaired loans at December 31, 2020, was $ 8.2 million. The gross interest income related to impaired loans, which would have been recorded had these loans been current in accordance with their original terms, and the interest income recognized on these loans during the year ended December 31, 2021 and 2020, were insignificant to the consolidated financial statements. The following tables present the aging of the recorded investment in past due loans at December 31, 2021 and 2020, by portfolio segment (in thousands) : December 31, 2021 30-89 90 or More Total Past Current Total Commercial and industrial $ 9,290 $ 6,571 $ 15,861 $ 7,329,892 7,345,753 Residential real estate 6,194 1,332 7,526 5,474,500 5,482,026 Securities-based loans — — — 2,880,158 2,880,158 Construction and land — — — 511,084 511,084 Commercial real estate — 1 1 409,846 409,847 Home equity lines of credit — — — 82,508 82,508 Other 44 — 44 32,067 32,111 Total $ 15,528 $ 7,904 $ 23,432 $ 16,720,055 $ 16,743,487 December 31, 2021 * Nonaccrual Restructured Nonperforming loans with no allowance Total Commercial and industrial $ 15,861 $ — $ — $ 15,861 Residential real estate 1,332 154 — 1,486 Commercial real estate — — 1 1 Total $ 17,193 $ 154 $ 1 $ 17,348 * There were no loans past due 90 days and still accruing interest at December 31, 2021. December 31, 2020 30 - 89 90 or More Total Past Current Total Commercial and industrial $ 14 $ 12,237 $ 12,251 $ 4,283,838 4,296,089 Residential real estate 4,554 1,249 5,803 3,950,867 3,956,670 Securities-based loans — — — 1,933,974 1,933,974 Construction and land — — — 501,681 501,681 Commercial real estate — 144 144 366,341 366,485 Home equity lines of credit 12 — 12 75,495 75,507 Other 31 — 31 40,376 40,407 Total $ 4,611 $ 13,630 $ 18,241 $ 11,152,572 $ 11,170,813 December 31, 2020 * Nonaccrual Restructured Nonperforming loans with no allowance Total Commercial and industrial $ 12,251 $ — $ — $ 12,251 Residential real estate — 158 1,249 1,407 Commercial real estate 144 — — 144 Total $ 12,395 $ 158 $ 1,249 $ 13,802 * There were no loans past due 90 days and still accruing interest at December 31, 2020. Credit quality indicators As of December 31, 2021, bank loans were primarily extended to non-investment-grade borrowers. Substantially all of these loans align with the U.S. federal bank regulatory agencies’ definition of Pass. Loans meet the definition of Pass when they are performing and/or do not demonstrate adverse characteristics that are likely to result in a credit loss. A loan is determined to be impaired when principal or interest becomes 90 days past due or when collection becomes uncertain. At the time a loan is determined to be impaired, the accrual of interest and amortization of deferred loan origination fees is discontinued (nonaccrual status), and any accrued and unpaid interest income is reversed. We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk. Trends in delinquency ratios are an indicator, among other considerations, of credit risk within our loan portfolio. The level of nonperforming assets represents another indicator of the potential for future credit losses. Accordingly, key metrics we track and use in evaluating the credit quality of our loan portfolio include delinquency and nonperforming asset rates, as well as charge-off rates and our internal risk ratings of the loan portfolio. In general, we are a secured lender. At December 31, 2021 and 2020, 98.5 % and 98.8 % of our loan portfolio was collateralized, respectively. Collateral is required in accordance with the normal credit evaluation process based upon the creditworthiness of the customer and the credit risk associated with the particular transaction. The Company uses the following definitions for risk ratings: Pass . A credit exposure rated pass has a continued expectation of timely repayment, all obligations of the borrower are current, and the obligor complies with material terms and conditions of the lending agreement. Special Mention . Extensions of credit that have potential weakness that deserve management’s close attention and, if left uncorrected, may, at some future date, result in the deterioration of the repayment prospects or collateral position. Substandard . Obligor has a well-defined weakness that jeopardizes the repayment of the debt and has a high probability of payment default with the distinct possibility that the Company will sustain some loss if noted deficiencies are not corrected. Doubtful . Inherent weakness in the exposure makes the collection or repayment in full, based on existing facts, conditions, and circumstances, highly improbable, and the amount of loss is uncertain. Substandard loans are regularly reviewed for impairment. Doubtful loans are considered impaired. When a loan is impaired, the impairment is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or as a practical expedient, the observable market price of the loan or the fair value of the collateral if the loan is collateral dependent. Portfolio segments: Commercial and industrial (“C&I”). C&I loans primarily include commercial and industrial lending used for general corporate purposes, working capital and liquidity, and “event-driven.” “Event-driven” loans support client merger, acquisition, or recapitalization activities. C&I lending is structured as revolving lines of credit, letter of credit facilities, term loans, and bridge loans. Risk factors considered in determining the allowance for corporate loans include the borrower’s financial strength, seniority of the loan, collateral type, leverage, volatility of collateral value, debt cushion, and covenants. Real Estate . Real estate loans include residential real estate non-conforming loans, residential real estate conforming loans, commercial real estate, and home equity lines of credit. The allowance methodology related to real estate loans considers several factors, including, but not limited to, loan-to-value ratio, FICO score, home price index, delinquency status, credit limits, and utilization rates. Securities-based loans . Securities-based loans allow clients to borrow money against the value of qualifying securities for any suitable purpose other than purchasing, trading, or carrying securities or refinancing margin debt. The majority of consumer loans are structured as revolving lines of credit and letter of credit facilities and are primarily offered through Stifel’s Pledged Asset (“SPA”) program. The allowance methodology for securities-based lending considers the collateral type underlying the loan, including the liquidity and trading volume of the collateral, position concentration, and other borrower specific factors such as personal guarantees. Construction and land . Short-term loans used to finance the development of a real estate project. Other. Other loans includes consumer and credit card lending. Based on the most recent analysis performed, the risk category of our loan portfolio was as follows: (in thousands) : December 31, 2021 Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 7,193,435 $ 38,000 $ 107,747 $ 6,571 $ 7,345,753 Residential real estate 5,480,693 — 84 1,249 5,482,026 Securities-based loans 2,880,158 — — — 2,880,158 Construction and land 476,844 14,240 20,000 — 511,084 Commercial real estate 407,298 2,548 — 1 409,847 Home equity lines of credit 82,479 29 — — 82,508 Other 32,111 — — — 32,111 Total $ 16,553,018 $ 54,817 $ 127,831 $ 7,821 $ 16,743,487 December 31, 2020 Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 3,995,351 $ 105,759 $ 182,728 $ 12,251 $ 4,296,089 Residential real estate 3,955,421 — — 1,249 3,956,670 Securities-based loans 1,933,974 — — — 1,933,974 Construction and land 467,441 14,240 20,000 — 501,681 Commercial real estate 356,008 10,333 — 144 366,485 Home equity lines of credit 75,507 — — — 75,507 Other 40,407 — — — 40,407 Total $ 10,824,109 $ 130,332 $ 202,728 $ 13,644 $ 11,170,813 Term Loans Amortized Cost Basis by Origination Year – December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Commercial and industrial: Pass $ 1,811,189 $ 370,279 $ 319,732 $ 450,087 $ 239,314 $ 287,333 $ 3,715,501 $ 7,193,435 Special Mention — — 30,000 8,000 — — — 38,000 Substandard — 515 27,227 55,521 11,850 7,716 4,918 107,747 Doubtful — — — — 6,571 — — 6,571 $ 1,811,189 $ 370,794 $ 376,959 $ 513,608 $ 257,735 $ 295,049 $ 3,720,419 $ 7,345,753 Residential real estate: Pass $ 2,732,407 $ 1,234,315 $ 579,526 $ 241,934 $ 199,960 $ 492,551 $ — $ 5,480,693 Special Mention — — — — — — — — Substandard — — — — — 84 — 84 Doubtful — — — 149 1,100 — 1,249 $ 2,732,407 $ 1,234,315 $ 579,526 $ 241,934 $ 200,109 $ 493,735 $ — $ 5,482,026 Securities-based loans: Pass $ 73,341 $ 41,618 $ 92,278 $ — $ 140 $ 10,172 $ 2,662,609 $ 2,880,158 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 73,341 $ 41,618 $ 92,278 $ — $ 140 $ 10,172 $ 2,662,609 $ 2,880,158 Construction and land: Pass $ 33,187 $ 127,479 $ 182,290 $ 65,880 $ 61,858 $ 6,150 $ — $ 476,844 Special Mention — — — 14,240 — — — 14,240 Substandard — — — 20,000 — — — 20,000 Doubtful — — — — — — — — $ 33,187 $ 127,479 $ 182,290 $ 100,120 $ 61,858 $ 6,150 $ — $ 511,084 Commercial real estate: Pass $ 123,920 $ 73,157 $ 142,304 $ 22,199 $ 36,014 $ 9,704 $ — $ 407,298 Special Mention — — — — — 2,548 — 2,548 Substandard — — — — — — — — Doubtful — — — 1 — — — 1 $ 123,920 $ 73,157 $ 142,304 $ 22,200 $ 36,014 $ 12,252 $ — $ 409,847 Home equity lines of credit: Pass $ — $ — $ — $ — $ — $ — $ 82,479 $ 82,479 Special Mention — — — — — — 29 29 Substandard — — — — — — — — Doubtful — — — — — — — — $ — $ — $ — $ — $ — $ — $ 82,508 $ 82,508 Other: Pass $ 782 $ 10,000 $ — $ 286 $ — $ 19,156 $ 1,887 $ 32,111 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 782 $ 10,000 $ — $ 286 $ — $ 19,156 $ 1,887 $ 32,111

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Fixed Assets	NOTE 9 – Fi xed Assets The following is a summary of fixed assets as of December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 Office equipment $ 354,292 $ 323,841 Leasehold improvements 113,576 105,187 Building 65,327 62,803 533,195 491,831 Accumulated depreciation and amortization ( 364,989 ) ( 323,916 ) $ 168,206 $ 167,915 For the years ended December 31, 2021, 2020, and 2019, depreciation and amortization totaled $ 45.6 million, $ 40.9 million, and $ 38.4 million, respectively. In July 2021, the Company purchased three commercial aircraft under lease to a domestic carrier, for a total purchase price of $ 145.9 million. In December 2021, the Company sold the aircraft with a net book value of $ 143.9 million and recognized a gain from the sale of $ 4.5 million, which is included in other income in the consolidated statement of operations. Lease income, included in other income in the consolidated statements of operations, was $ 4.9 million for year ended December 31, 2021.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	NOTE 10 – Goodwill an d Intangible Assets The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands) : December 31, Adjustments Write-off December 31, Goodwill Global Wealth Management $ 335,009 $ — $ — $ 335,009 Institutional Group 846,989 124,894 — 971,883 $ 1,181,998 $ 124,894 $ — $ 1,306,892 December 31, Adjustments Amortization December 31, Intangible assets Global Wealth Management $ 44,671 $ — $ ( 5,787 ) $ 38,884 Institutional Group 96,313 25,361 ( 12,401 ) 109,273 $ 140,984 $ 25,361 $ ( 18,188 ) $ 148,157 The adjustments to goodwill and intangible assets included in our Institutional Group segment during the year ended December 31, 2021, are primarily attributable to the acquisition of Vining Sparks on November 1, 2021 . The goodwill represents the value expected from the synergies created through the operational enhancement benefits that will result from the integration of the business, its employees, and customer base. Amortizable intangible assets consist of acquired customer relationships, trade names, non-compete agreements, core deposits, investment banking backlog, and acquired technology that are amortized over their contractual or determined useful lives. Intangible assets as of December 31, 2021 and 2020, were as follows (in thousands) : December 31, 2021 December 31, 2020 Gross Accumulated Gross Accumulated Customer relationships $ 225,900 $ 97,054 $ 202,342 $ 85,152 Trade names 30,359 17,694 28,659 15,660 Non-compete agreements 9,240 5,684 9,240 4,229 Core deposits 8,615 6,277 8,615 4,809 Investment banking backlog 4,245 3,680 4,245 2,734 Acquired technology 840 653 840 373 $ 279,199 $ 131,042 $ 253,941 $ 112,957 Amortization expense related to intangible assets was $ 18.2 million, $ 19.6 million, and $ 16.0 million for the years ended December 31, 2021, 2020, and 2019, respectively, and is included in other operating expenses in the consolidated statements of operations. The weighted-average remaining lives of the following intangible assets at December 31, 2021, are: customer relationships, 10.1 years; trade names, 8.3 years; non-compete agreements, 5.4 years; core deposits, 2.7 years; investment banking backlog, 7.4 years; and acquired technology, 0.7 years. We have an intangible asset that is not subject to amortization and is, therefore, not included in the table below. As of December 31, 2021, we expect amortization expense in future periods to be as follows (in thousands) : Fiscal year 2022 $ 19,417 2023 16,181 2024 15,393 2025 13,358 2026 12,895 Thereafter 68,795 $ 146,039

Borrowings and Federal Home Loa

Borrowings and Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2021
Short Term Debt Other Disclosures [Abstract]
Borrowings and Federal Home Loan Bank Advances	NOTE 11 – Borrowings and Federal Home Loan Bank Advances Our short-term financing is generally obtained through short-term bank line financing on an uncommitted, secured basis, securities lending arrangements, repurchase agreements, advances from the Federal Home Loan Bank, term loans, and committed bank line financing on an unsecured basis. We borrow from various banks on a demand basis with company-owned and customer securities pledged as collateral. The value of customer-owned securities used as collateral is not reflected in the consolidated statements of financial condition. We also have an unsecured, committed bank line available. Our uncommitted secured lines of credit at December 31, 2021, totaled $ 880.0 million with four banks and are dependent on having appropriate collateral, as determined by the bank agreements, to secure an advance under the line. The availability of our uncommitted lines is subject to approval by the individual banks each time an advance is requested and may be denied. Our peak daily borrowing on our uncommitted secured lines was $ 135.0 million during the year ended December 31, 2021. There are no compensating balance requirements under these arrangements. Any borrowings on secured lines of credit are generally utilized to finance certain fixed income securities. At December 31, 2021, we had no outstanding balances on our uncommitted secured lines of credit. The Federal Home Loan advances are floating-rate advances. The weighted average interest rates on these advances during the year ended December 31, 2021, was 0.30 % . The advances are secured by Stifel Bancorp’s residential mortgage loan portfolio and investment portfolio. The interest rates reset on a daily basis. Stifel Bancorp has the option to prepay these advances without penalty on the interest reset date. At December 31, 2021, there were no Federal Home Loan advances. On May 27, 2021, the Company and Stifel entered into an unsecured revolving credit facility agreement (the “Credit Facility”). The Credit Facility has a maturity date of May 2026 , and the lenders include a number of financial institutions. This committed unsecured borrowing facility provides for maximum borrowings of up to $ 500.0 million, with a sublimit of $ 200.0 million for the Company. Stifel may borrow up to $500.0 million under the Credit Facility, depending on the amount of outstanding borrowings of the Company. The interest rates on borrowings under the Credit Facility are variable and based on LIBOR, as adjusted. There were no borrowings outstanding on the Credit Facility as of December 31, 2021.

Senior Notes

Senior Notes	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Senior Notes	NOTE 12 – Se nior Notes The following table summarizes our senior notes as of December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 4.25 % senior notes, due 2024 (1) $ 500,000 $ 500,000 4.00 % senior notes, due 2030 (2) 400,000 400,000 5.20 % senior notes, due 2047 (3) 225,000 225,000 1,125,000 1,125,000 Debt issuance costs, net ( 11,522 ) ( 12,591 ) Senior notes, net $ 1,113,478 $ 1,112,409 (1) In July 2014, we sold in a registered underwritten public offering, $ 300.0 million in aggregate principal amount of 4.25 % senior notes due July 2024 . Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to 100 % of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption. In July 2016, we issued an additional $ 200.0 million in aggregate principal amount of 4.25% senior notes due 2024. (2) In May 2020, we sold in a registered underwritten public offering, $ 400.0 million in aggregate principal amount of 4.00 % senior notes due May 2030 . Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to the greater of a) 100 % of their principal amount, or b) discounted present value at Treasury rate plus 50 basis points prior to February 15, 2030, and on or after February 15, 2030, at 100 % of their principal amount, and accrued and unpaid interest, if any, to the date of redemption. (3) In October 2017, we completed the pricing of a registered underwritten public offering of $ 200.0 million in aggregate principal amount of 5.20 % senior notes due October 2047 . Interest on the senior notes is payable quarterly in arrears. On or after October 15, 2022, we may redeem some or all of the senior notes at any time at a redemption price equal to 100 % of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date. On October 27, 2017, we completed the sale of an additional $ 25.0 million aggregate principal amount of Notes pursuant to the over-allotment option. Our senior notes mature as follows, based upon contractual terms (in thousands) : 2022 $ — 2023 — 2024 500,000 2025 — 2026 — Thereafter 625,000 $ 1,125,000

Bank Deposits

Bank Deposits	12 Months Ended
	Dec. 31, 2021
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Bank Deposits	NOTE 13 – Ba nk Deposits Deposits consist of interest-bearing-demand deposits (primarily money market and savings accounts), non-interest-bearing demand deposits, and certificates of deposit. Deposits at December 31, 2021 and 2020, were as follows (in thousands) : December 31, 2021 2020 Demand deposits (interest-bearing) $ 22,626,560 $ 16,886,953 Demand deposits (non-interest-bearing) 626,633 411,890 Certificates of deposit 27,155 97,654 $ 23,280,348 $ 17,396,497 The weighted-average interest rate on deposits was 0.02 % and 0.09 % at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, related party deposits, primarily interest-bearing and time deposits of executive officers, directors, and their affiliates, were $ 8.6 million and $ 6.7 million, respectively. Brokerage customers’ deposits were $ 21.3 billion and $ 16.0 billion, respectively. During the year ended December 31, 2021, we sold $ 215.1 million in deposits. Based upon the terms of the sale, we recognized a $ 4.8 million gain, which is reflected in other income on the consolidated statements of operations. Scheduled maturities of certificates of deposit at December 31, 2021 and 2020, were as follows (in thousands) : December 31, 2021 2020 Certificates of deposit, less than $100,000: Within one year $ 159 $ 2,719 One to three years 14 409 Three to five years — 254 $ 173 $ 3,382 Certificates of deposit, $100,000 and greater: Within one year $ 20,098 $ 63,650 One to three years 6,884 30,622 Three to five years — — 26,982 94,272 $ 27,155 $ 97,654

Debentures To Stifel Financial

Debentures To Stifel Financial Capital Trusts	12 Months Ended
	Dec. 31, 2021
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust [Abstract]
Debentures To Stifel Financial Capital Trusts	NOTE 14 – Debentures to Stif el Financial Capital Trusts The following table summarizes our debentures to Stifel Financial Capital Trusts as of December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 Debenture to Stifel Financial Capital Trust II (1) $ 20,000 $ 20,000 Debenture to Stifel Financial Capital Trust III (2) 35,000 35,000 Debenture to Stifel Financial Capital Trust IV (3) 5,000 5,000 $ 60,000 $ 60,000 (1) On August 12, 2005, we completed a private placement of $ 35.0 million of 6.38 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust II (the “Trust II”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 30, 2035 , but may be redeemed by our company, and in turn, the Trust II would call the debenture beginning September 30, 2010 . The Trust II requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.70 % per annum . During 2016, we extinguished $ 15.0 million of the Trust II debentures. (2) On March 30, 2007, we completed a private placement of $ 35.0 million of 6.79 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust III (the “Trust III”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on June 6, 2037 , but may be redeemed by our company, and in turn, Trust III would call the debenture beginning June 6, 2012 . Trust III requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85 % per annum . (3) On June 28, 2007, we completed a private placement of $ 35.0 million of 6.78 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust IV (the “Trust IV”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 6, 2037 , but may be redeemed by our company, and in turn, Trust IV would call the debenture beginning September 6, 2012 . Trust IV requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85 % per annum .

Disclosures About Offsetting As

Disclosures About Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
Offsetting [Abstract]
Disclosures About Offsetting Assets and Liabilities	NOTE 15 – Disclosures About Off setting Assets and Liabilities The following table provides information about financial assets and derivative assets that are subject to offset as of December 31, 2021 and 2020 (in thousands) : As of December 31, 2021 Securities borrowing (1) Reverse repurchase agreements (2) Interest rate contracts (3) Total Gross amounts of recognized assets $ 260,586 $ 579,866 $ 52,129 $ 892,581 Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition 260,586 579,866 52,129 892,581 Gross amounts not offset in the statement of financial condition: Amounts available for offset ( 40,259 ) ( 52,413 ) ( 25,149 ) ( 117,821 ) Available collateral ( 208,720 ) ( 525,843 ) ( 26,980 ) ( 761,543 ) Net amount $ 11,607 $ 1,610 $ — $ 13,217 As of December 31, 2020 Securities borrowing (1) Reverse repurchase agreements (2) Total Gross amounts of recognized assets $ 313,131 $ 217,930 $ 531,061 Gross amounts offset in the statement of financial condition — — — Net amounts presented in the statement of financial condition 313,131 217,930 531,061 Gross amounts not offset in the statement of financial condition: Amounts available for offset ( 46,183 ) ( 17,992 ) ( 64,175 ) Available collateral ( 244,578 ) ( 199,110 ) ( 443,688 ) Net amount $ 22,370 $ 828 $ 23,198 (1) Securities borrowing transactions are included in receivables from brokers, dealers, and clearing organizations on the consolidated statements of financial condition. See Note 4 in the notes to consolidated financial statements for additional information on receivables from brokers, dealers, and clearing organizations. (2) Available collateral includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities received as collateral was $ 578.1 million and $ 217.3 million at December 31, 2021 and 2020, respectively. (3) Available collateral includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities received as collateral was $ 95.5 million at December 31, 2021. The following table provides information about financial liabilities and derivative liabilities that are subject to offset as of December 31, 2021 and 2020 (in thousands) : As of December 31, 2021 Securities lending (4) Repurchase agreements (5) Interest rate contracts (6) Total Gross amounts of recognized liabilities $ ( 149,219 ) $ ( 385,528 ) $ ( 52,147 ) $ ( 586,894 ) Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition ( 149,219 ) ( 385,528 ) ( 52,147 ) ( 586,894 ) Gross amounts not offset in the statement of financial condition: Amounts available for offset 40,259 52,413 25,149 117,821 Collateral pledged 108,955 333,115 26,998 469,068 Net amount $ ( 5 ) $ — $ — $ ( 5 ) As of December 31, 2020 Securities lending (4) Repurchase agreements (5) Total Gross amounts of recognized liabilities $ ( 145,124 ) $ ( 190,955 ) $ ( 336,079 ) Gross amounts offset in the statement of financial condition — — — Net amounts presented in the statement of financial condition ( 145,124 ) ( 190,955 ) ( 336,079 ) Gross amounts not offset in the statement of financial condition: Amounts available for offset 46,183 17,992 64,175 Collateral pledged 98,925 172,963 271,888 Net amount $ ( 16 ) $ — $ ( 16 ) (4) Securities lending transactions are included in payables to brokers, dealers, and clearing organizations on the consolidated statements of financial condition. See Note 4 in the notes to consolidated financial statements for additional information on payables to brokers, dealers, and clearing organizations. (5) Collateral pledged includes the fair value of securities pledged by our company to the counterparty. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counterparty includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $ 392.7 million and $ 200.2 million at December 31, 2021 and 2020, respectively. (6) Collateral pledged includes the fair value of securities pledged by our company to the counterparty. The fair value of collateral pledged was $ 35.7 million at December 31, 2021.

Commitments, Guarantees, and Co

Commitments, Guarantees, and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments, Guarantees, and Contingencies	NOTE 16 – Commitments, Guar antees, and Contingencies Broker-Dealer Commitments and Guarantees In the normal course of business, we enter into underwriting commitments. Settlement of transactions relating to such underwriting commitments, which were open at December 31, 2021, had no material effect on the consolidated financial statements. As a part of our fixed income public finance operations, we enter into forward commitments to purchase agency mortgage-backed securities. In order to hedge the market interest rate risk to which we would otherwise be exposed between the date of the commitment and date of sale of the mortgage-backed securities, we enter into to be announced (“TBA”) security contracts with investors for generic mortgage-backed security at specific rates and prices to be delivered on settlement dates in the future. We may be subject to loss if the timing of, or the actual amount of, the mortgage-backed security differs significantly from the term and notional amount of the TBA security contract to which we entered. These TBA securities and related purchase commitment are accounted for at fair value. As of December 31, 2021, the fair value of the TBA securities and the estimated fair value of the purchase commitments was $ 156.6 million. We also provide guarantees to securities clearinghouses and exchanges under their standard membership agreement, which requires members to guarantee the performance of other members. Under the agreement, if another member becomes unable to satisfy its obligations to the clearinghouse, other members would be required to meet shortfalls. Our liability under these agreements is not quantifiable and may exceed the cash and securities we have posted as collateral. However, the potential requirement for us to make payments under these arrangements is considered remote. Accordingly, no liability has been recognized for these arrangements. Other Commitments In the ordinary course of business, Stifel Bancorp has commitments to extend credit in the form of commitments to originate loans, standby letters of credit, and lines of credit. See Note 23 in the notes to consolidated financial statements for further details. Concentration of Credit Risk We provide investment, capital-raising, and related services to a diverse group of domestic customers, including governments, corporations, and institutional and individual investors. Our exposure to credit risk associated with the non-performance of customers in fulfilling their contractual obligations pursuant to securities transactions can be directly impacted by volatile securities markets, credit markets, and regulatory changes. This exposure is measured on an individual customer basis and on a group basis for customers that share similar attributes. To reduce the potential for risk concentrations, counterparty credit limits have been implemented for certain products and are continually monitored in light of changing customer and market conditions. As of December 31, 2021 and 2020, we did not have significant concentrations of credit risk with any one customer or counterparty, or any group of customers or counterparties.

Legal Proceedings

Legal Proceedings	12 Months Ended
	Dec. 31, 2021
Loss Contingency Information About Litigation Matters [Abstract]
Legal Proceedings	NOTE 17 – Lega l Proceedings Our company and its subsidiaries are named in and subject to various proceedings and claims arising primarily from our securities business activities, including lawsuits, arbitration claims, class actions, and regulatory matters. Some of these claims seek substantial compensatory, punitive, or indeterminate damages. Our company and its subsidiaries are also involved in other reviews, investigations, and proceedings by governmental and self-regulatory organizations regarding our business, which may result in adverse judgments, settlements, fines, penalties, injunctions, and other relief. We are contesting allegations in these claims, and we believe that there are meritorious defenses in each of these lawsuits, arbitrations, and regulatory investigations. In view of the number and diversity of claims against our company, the number of jurisdictions in which litigation is pending, and the inherent difficulty of predicting the outcome of litigation and other claims, we cannot state with certainty what the eventual outcome of pending litigation or other claims will be. We have established reserves for potential losses that are probable and reasonably estimable that may result from pending and potential legal actions, investigations, and regulatory proceedings. In many cases, however, it is inherently difficult to determine whether any loss is probable or reasonably possible or to estimate the amount or range of any potential loss, particularly where proceedings may be in relatively early stages or where plaintiffs are seeking substantial or indeterminate damages. Matters frequently need to be more developed before a loss or range of loss can reasonably be estimated. In our opinion, based on currently available information, review with outside legal counsel, and consideration of amounts provided for in our consolidated financial statements with respect to these matters, including the matter described below, the ultimate resolution of these matters will not have a material adverse impact on our financial position and results of operations. However, resolution of one or more of these matters may have a material effect on the results of operations in any future period, depending upon the ultimate resolution of those matters and depending upon the level of income for such period. For matters where a reserve has not been established and for which we believe a loss is reasonably possible, as well as for matters where a reserve has been recorded but for which an exposure to loss in excess of the amount accrued is reasonably possible, based on currently available information, we believe that such losses will not have a material effect on our consolidated financial statements. Karegnondi Water Authority Stifel has been named as a defendant in a United States District Court, Eastern District of Michigan, Southern Division, litigation in connection with the underwriting of bonds to finance the Karegnondi Water Authority (“KWA”) pipeline, a new water pipeline intended to serve Flint, Michigan, and surrounding areas. The lawsuit is filed against JP Morgan Chase, as senior manager, and Stifel and Wells Fargo, as co-managers, who underwrote the bonds for the KWA in 2014. The complaint alleges novel claims against the underwriter defendants, including conspiracy and professional negligence. We intend to defend vigorously against the allegations .

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2021
Regulatory Capital Requirements [Abstract]
Regulatory Capital Requirements	NOTE 18 – Regulatory Capital Requirements We operate in a highly regulated environment and are subject to capital requirements, which may limit distributions to our company from its subsidiaries. Distributions from our broker-dealer subsidiaries are subject to net capital rules. A broker-dealer that fails to comply with the SEC’s Uniform Net Capital Rule (Rule 15c3-1) may be subject to disciplinary actions by the SEC and self-regulatory organizations, such as FINRA, including censures, fines, suspension, or expulsion. Stifel has chosen to calculate its net capital under the alternative method, which prescribes that their net capital shall not be less than the greater of $ 1.0 million or two percent of aggregate debit balances (primarily receivables from customers) computed in accordance with the SEC’s Customer Protection Rule (Rule 15c3-3). Our other broker-dealer subsidiaries calculate their net capital under the aggregate indebtedness method, whereby their aggregate indebtedness may not be greater than fifteen times their net capital (as defined). At December 31, 2021, Stifel had net capital of $ 614.2 million, which was 41.7 % of aggregate debit items and $ 584.8 million in excess of its minimum required net capital. At December 31, 2021, all of our other broker-dealer subsidiaries’ net capital exceeded the minimum net capital required under the SEC rule. Our international subsidiary, SNEL, is subject to the regulatory supervision and requirements of the Financial Conduct Authority (“FCA”) in the United Kingdom. At December 31, 2021, our international subsidiary’s capital and reserves were in excess of the financial resources requirement under the rules of the FCA. Our Canadian subsidiary, SNC, is subject to the regulatory supervision and requirements of the Investment Industry Regulatory Organization of Canada (“IIROC”). At December 31, 2021, SNC’s net capital and reserves were in excess of the financial resources requirement under the rules of the IIROC. Our company, as a bank holding company, Stifel Bank & Trust, Stifel Bank, Stifel Trust Company, N.A., and Stifel Trust Company, Delaware, N.A., (collectively, “banking subsidiaries”), are subject to various regulatory capital requirements administered by the Federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our company’s and its banking subsidiaries’ financial results. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, our company and its banking subsidiaries must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Our company’s and its banking subsidiaries’ capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Under the Basel III rules, the quantity and quality of regulatory capital increased, a capital conservation buffer was established, selected changes were made to the calculation of risk-weighted assets, and a new ratio, common equity Tier 1, was introduced, all of which are applicable to both our company and its banking subsidiaries. Our company and its banking subsidiaries are required to maintain minimum amounts and ratios of Total and Tier 1 capital (as defined) to risk-weighted assets (as defined), Tier 1 capital to average assets (as defined), and under rules defined in Basel III, Common equity Tier 1 capital to risk-weighted assets. Our company and its banking subsidiaries each calculate these ratios in order to assess compliance with both regulatory requirements and their internal capital policies. At current capital levels, our company and its banking subsidiaries are each categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” our company and its banking subsidiaries must maintain total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios. The amounts and ratios for Stifel Financial Corp., Stifel Bank & Trust, and Stifel Bank as of December 31, 2021, are represented in the tables below (in thousands, except ratios) . Actual For Capital To Be Well Capitalized Stifel Financial Corp. Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 2,938,954 15.2 % $ 871,484 4.5 % $ 1,258,811 6.5 % Tier 1 capital 3,623,954 18.7 % 1,161,979 6.0 % 1,549,306 8.0 % Total capital 3,788,860 19.6 % 1,549,306 8.0 % 1,936,632 10.0 % Tier 1 leverage 3,623,954 11.7 % 1,237,181 4.0 % 1,546,477 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank & Trust Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 1,274,994 10.6 % $ 540,060 4.5 % $ 780,086 6.5 % Tier 1 capital 1,274,994 10.6 % 720,080 6.0 % 960,106 8.0 % Total capital 1,380,984 11.5 % 960,106 8.0 % 1,200,133 10.0 % Tier 1 leverage 1,274,994 7.1 % 720,241 4.0 % 900,301 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 302,231 13.8 % $ 98,875 4.5 % $ 142,819 6.5 % Tier 1 capital 302,231 13.8 % 131,833 6.0 % 175,777 8.0 % Total capital 310,902 14.1 % 175,777 8.0 % 219,722 10.0 % Tier 1 leverage 302,231 7.1 % 171,158 4.0 % 213,947 5.0 %

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2021
Lessee Disclosure [Abstract]
Operating Leases	NOTE 19 – Operatin g Leases Our operating leases primarily relate to office space and office equipment with remaining lease terms of 1 to 14 years . At December 31, 2021 and 2020, operating lease right-of-use assets were $ 750.7 million and $ 793.2 million, respectively, and lease liabilities were $ 799.1 million and $ 839.8 million, respectively, and included in accounts payable and accrued expenses in the consolidated statements of financial condition. The table below summarizes our net lease cost for the years ended December 31, 2021 and 2020 (in thousands) : Year Ended December 31, 2021 2020 Operating lease cost $ 102,652 $ 102,595 Short-term lease cost 505 502 Variable lease cost 1,076 68 Sublease income ( 2,560 ) ( 3,894 ) Net lease cost $ 101,673 $ 99,271 Operating lease costs are included in occupancy and equipment rental in the consolidated statements of operations. The table below summarizes other information related to our operating leases as of and for the year ended December 31, 2021 (in thousands) : Operating lease cash flows $ 100,330 Right-of-use assets obtained in exchange for new operating lease liabilities $ 41,304 Weighted average remaining lease term 11.5 years Weighted average discount rate 4.12 % The weighted-average discount rate represents our company’s incremental borrowing rate at the lease inception date. The table below presents information about operating lease liabilities as of December 31, 2021, (in thousands, except percentages) : 2022 $ 99,713 2023 97,969 2024 96,241 2025 94,634 2026 92,809 Thereafter 532,614 Total undiscounted lease payments 1,013,980 Imputed interest ( 214,881 ) Total operating lease liabilities $ 799,099

Revenues From Contracts With Cu

Revenues From Contracts With Customers	12 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer [Abstract]
Revenues From Contracts With Customers	NOTE 20 – Revenues From Co ntracts With Customers The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenues for the years ended December 31, 2021 and 2020 (in thousands) : Year Ended December 31, 2021 2020 Revenues from contracts with customers: Commissions $ 809,500 $ 760,627 Investment banking 1,565,381 952,308 Asset management 1,206,516 917,424 Other 34,239 48,529 Total revenue from contracts with customers 3,615,636 2,678,888 Other sources of revenue: Interest 548,400 523,832 Principal transactions 581,164 588,303 Other 37,886 26,816 Total revenues $ 4,783,086 $ 3,817,839 Revenue from contracts with customers is recognized when, or as, we satisfy our performance obligations by transferring the promised services to the customers. A service is transferred to a customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized by measuring our progress in satisfying the performance obligation in a manner that depicts the transfer of the services to the customer. Revenue from a performance obligation satisfied at a point in time is recognized at the point in time that we determine the customer obtains control over the promised service. The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for those promised services (i.e., the “transaction price”). In determining the transaction price, we consider multiple factors, including the effects of variable consideration. Variable consideration is included in the transaction price only to the extent it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainties with respect to the amount are resolved. In determining when to include variable consideration in the transaction price, we consider the range of possible outcomes, the predictive value of our past experiences, the time period of when uncertainties expect to be resolved and the amount of consideration that is susceptible to factors outside of our influence, such as market volatility or the judgment and actions of third parties. The following provides detailed information on the recognition of our revenues from contracts with customers: Commissions. We earn commission revenue by executing, settling, and clearing transactions for clients primarily in OTC and listed equity securities, insurance products, and options. Trade execution and clearing and custody services, when provided together, represent a single performance obligation as the services are not separately identifiable in the context of the contract. Commission revenues associated with combined trade execution and clearing and custody services, as well as trade execution services on a standalone basis, are recognized at a point in time on trade-date. Commission revenues are generally paid on settlement date, and we record a receivable between trade-date and payment on settlement date. Investment Banking. We provide our clients with a full range of capital markets and financial advisory services. Capital markets services include underwriting and placement agent services in both the equity and debt capital markets, including private equity placements, initial public offerings, follow-on offerings, underwriting and distributing public and private debt. Capital-raising revenues are recognized at a point in time on trade-date, as the client obtains the control and benefit of the capital markets offering at that point. Costs associated with capital-raising transactions are deferred until the related revenue is recognized or the engagement is otherwise concluded, and are recorded on a gross basis within other operating expenses in the consolidated statements of operations as we are acting as a principal in the arrangement. Any expenses reimbursed by our clients are recognized as investment banking revenues. Revenues from financial advisory services primarily consist of fees generated in connection with merger, acquisition, and restructuring transactions. Advisory revenues from mergers and acquisitions engagements are recognized at a point in time when the related transaction is completed, as the performance obligation is to successfully broker a specific transaction. Fees received prior to the completion of the transaction are deferred within accounts payable and accrued expenses on the consolidated statements of financial condition. Advisory revenues from restructuring engagements are recognized over time using a time elapsed measure of progress as our clients simultaneously receive and consume the benefits of those services as they are provided. A significant portion of the fees we receive for our advisory services are considered variable as they are contingent upon a future event (e.g., completion of a transaction or third party emergence from bankruptcy) and are excluded from the transaction price until the uncertainty associated with the variable consideration is subsequently resolved, which is expected to occur upon achievement of the specified milestone. Payment for advisory services are generally due promptly upon completion of a specified milestone or, for retainer fees, periodically over the course of the engagement. We recognize a receivable between the date of completion of the milestone and payment by the customer. Expenses associated with investment banking advisory engagements are deferred only to the extent they are explicitly reimbursable by the client, and the related revenue is recognized at the same time as the associated expense. All other investment banking advisory-related expenses, including expenses incurred related to restructuring assignments, are expensed as incurred. All investment banking advisory expenses are recognized within other operating expenses on the consolidated statements of operations, and any expenses reimbursed by our clients are recognized as investment banking revenues. Asset Management Fees. We earn management and performance fees in connection with investment advisory services provided to institutional and individual clients. Investment advisory fees are charged based on the value of assets in fee-based accounts and are affected by changes in the balances of client assets due to market fluctuations and levels of net new client assets. Fees are charged either in advance based on fixed rates applied to the value of the customers’ account at the beginning of the period or periodically based on contracted rates and account performance. Contracts can be terminated at any time with no incremental payments due to our company upon termination. If the contract is terminated by the customer fees are prorated for the period and fees charged for the post termination period are refundable to the customer. Disaggregation of Revenue The following tables present the Company’s revenues from contracts with customers by reportable segment disaggregated by major business activity and primary geographic regions for the years ended December 31, 2021 and 2020 (in thousands) : Year Ended December 31, 2021 Global Wealth Management Institutional Group Other Total Major business activity: Commissions $ 567,491 $ 242,009 $ — $ 809,500 Capital raising (1) 48,210 661,088 — 709,298 Advisory (1) — 856,083 — 856,083 Investment banking 48,210 1,517,171 — 1,565,381 Asset management 1,206,406 110 — 1,206,516 Other 32,414 — 1,825 34,239 Total 1,854,521 1,759,290 1,825 3,615,636 Primary Geographic Region: United States 1,854,521 1,433,213 1,825 3,289,559 United Kingdom — 188,984 — 188,984 Canada — 93,068 — 93,068 Other — 44,025 — 44,025 $ 1,854,521 $ 1,759,290 $ 1,825 $ 3,615,636 Year Ended December 31, 2020 Global Wealth Management Institutional Group Other Total Major business activity: Commissions $ 513,247 $ 247,380 $ — $ 760,627 Capital raising (1) 36,005 488,152 — 524,157 Advisory (1) 19 428,132 — 428,151 Investment banking 36,024 916,284 — 952,308 Asset management 917,353 71 — 917,424 Other 45,438 — 3,091 48,529 Total 1,512,062 1,163,735 3,091 2,678,888 Primary Geographic Region: United States 1,512,062 940,272 3,091 2,455,425 United Kingdom — 143,960 — 143,960 Canada — 40,446 — 40,446 Other — 39,057 — 39,057 $ 1,512,062 $ 1,163,735 $ 3,091 $ 2,678,888 (1) Excludes revenues not derived from contracts with customers in the Other segment. See Note 25 for further break-out of revenues by geography. Information on Remaining Performance Obligations and Revenue Recognized From Past Performance We do not disclose information about remaining performance obligations pertaining to contracts that have an original expected duration of one year or less. The transaction price allocated to remaining unsatisfied or partially unsatisfied performance obligations with an original expected duration exceeding one year was not material at December 31, 2021. Investment banking advisory revenues that are contingent upon completion of a specific milestone and fees associated with certain distribution services are also excluded as the fees are considered variable and not included in the transaction price at December 31, 2021. Contract Balances The timing of our revenue recognition may differ from the timing of payment by our customers. We record a receivable when revenue is recognized prior to payment and we have an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, we record deferred revenue until the performance obligations are satisfied. We had receivables related to revenues from contracts with customers of $ 187.2 million and $ 148.6 million at December 31, 2021 and December 31, 2020, respectively, in other assets in the consolidated statements of financial condition. We had no significant impairments related to these receivables during the year ended December 31, 2021. Our deferred revenue primarily relates to retainer fees received in investment banking advisory engagements where the performance obligation has not yet been satisfied. Deferred revenue at December 31, 2021 and December 31, 2020, was $ 17.5 million and $ 12.1 million, respectively, and included in accounts payable and accrued expenses in the consolidated statements of financial condition.

Interest Income and Interest Ex

Interest Income and Interest Expense	12 Months Ended
	Dec. 31, 2021
Banking And Thrift Interest [Abstract]
Interest Income and Interest Expense	NOTE 21 – Interest Incom e and Interest Expense The components of interest income and interest expense are as follows (in thousands) : Year Ended December 31, 2021 2020 2019 Interest income: Loans held for investment, net $ 378,086 $ 331,813 $ 379,848 Investment securities 129,858 149,915 231,021 Margin balances 25,780 28,155 52,008 Financial instruments owned 15,041 12,594 23,528 Other ( 365 ) 1,355 38,477 $ 548,400 $ 523,832 $ 724,882 Interest expense: Senior notes $ 47,500 $ 54,063 $ 44,507 Bank deposits 4,510 14,550 95,813 Other ( 6,012 ) ( 2,835 ) 37,611 $ 45,998 $ 65,778 $ 177,931

Employee Incentive, Deferred Co

Employee Incentive, Deferred Compensation, And Retirement Plans	12 Months Ended
	Dec. 31, 2021
Share Based Compensation Allocation And Classification In Financial Statements [Abstract]
Employee Incentive, Deferred Compensation, and Retirement Plans	NOTE 22 – Employee Incentive, Deferre d Compensation, and Retirement Plans We maintain an incentive stock plan and a wealth accumulation plan (“the Plan”) that provides for the granting of stock options, stock appreciation rights, restricted stock, performance awards, stock units, and debentures (collectively, “deferred awards”) to our associates. We are permitted to issue new shares under all stock award plans approved by shareholders or to reissue our treasury shares. Stock awards issued under our company’s incentive stock plan are granted at market value at the date of grant. Our deferred awards generally vest ratably over a one - to ten-year vesting period. Our stock-based compensation plans are administered by the Compensation Committee of the Board of Directors (“Compensation Committee”), which has the authority to interpret the plans, determine to whom awards may be granted under the plans, and determine the terms of each award. According to the incentive stock plan, we are authorized to grant an additional 8.2 million shares at December 31, 2021. Expense associated with our stock-based compensation, included in compensation and benefits expense in the consolidated statements of operations for our company’s incentive stock award plan was $ 120.7 million, $ 108.7 million, and $ 104.9 million for the years ended December 31, 2021, 2020, and 2019, respectively. Additionally, the tax benefit associated with the stock-based compensation expense was $ 26.9 million, $ 25.1 million, and $ 26.3 million for the years ended December 31, 2021, 2020, and 2019, respectively. The excess tax benefit related to stock-based compensation that vested during the year was $ 38.7 million, $ 26.2 million, and $ 11.9 million for the years ended December 31, 2021, 2020, and 2019, respectively. Expense associated with our debentures, included in compensation and benefits expense in the consolidated statements of operations was $ 64.4 million, $ 47.5 million, and $ 30.6 million for the years ended December 31, 2021, 2020, and 2019, respectively. Deferred Awards A restricted stock unit represents the right to receive a share of the Company’s common stock at a designated time in the future without cash payment by the associate and is issued in lieu of cash incentive, principally for deferred compensation and employee retention plans. The restricted stock units vest on an annual basis over the next one to ten years and are distributable, if vested, at future specified dates. Restricted stock awards are restricted as to sale or disposition. These restrictions lapse over the next one to two years . The Company grants Performance-based Restricted Stock Units (“PRSUs”) to certain of its executive officers. Under the terms of the grants, the number of PRSUs that will vest and convert to shares will be based on the Company’s achievement of the pre-determined performance objectives during the performance period. The PRSUs will be measured over a four-year performance period and vested over a five-year period. Any resulting delivery of shares for PRSUs granted as part of compensation will occur after four years for 80 % of the earned award, and in the fifth year for the remaining 20 % of the earned award. The number of shares converted has the potential to range from 0 % to 200 % based on how the Company performs during the performance period. Compensation expense is amortized over the service period based on the fair value of the deferred award on the grant date. The Company’s pre-determined performance objectives must be met for the awards to vest. Associates forfeit unvested deferred awards upon termination of employment with a corresponding reversal of compensation expense. Certain deferred awards may continue to vest under certain circumstances as described in the Plan. At December 31, 2021, the total number of restricted stock units, PRSUs, and restricted stock awards outstanding was 20.2 million, of which 17.5 million were unvested. A summary of unvested restricted equity award activity, which includes restricted stock units and restricted stock awards, for the year ended December 31, 2021, is presented below (in thousands, except weighted-average fair value) : Weighted-average grant date fair value Unvested December 31, 2020 17,929 $ 33.61 Granted 4,117 61.67 Vested ( 4,274 ) 34.02 Cancelled ( 246 ) 34.70 Unvested December 31, 2021 17,526 $ 40.09 At December 31, 2021, there was approximately $ 555.0 million of unrecognized compensation cost for deferred awards, which is expected to be recognized over a weighted-average period of 2.6 years. The fair value of restricted stock units and restricted stock that vested or converted during the year ended December 31, 2021, was $ 145.4 million. Deferred Compensation Plans The Plan is provided to certain revenue producers, officers, and key administrative associates, whereby a certain percentage of their incentive compensation is deferred as defined by the Plan into company stock units, restricted stock, and debentures. Participants may elect to defer a portion of their incentive compensation. Deferred awards generally vest over a one - to ten-year period and are distributable upon vesting or at future specified dates. Deferred compensation costs are amortized on a straight-line basis over the vesting period. Elective deferrals are 100 % vested. Additionally, the Plan allows Stifel financial advisors who achieve certain levels of production the option to defer a certain percentage of their gross commissions. As stipulated by the Plan, the financial advisors will defer 5 % of their gross commissions. The mandatory deferral is split between company restricted stock units and debentures. They have the option to defer an additional 1 % of gross commissions into company stock units. In addition, certain revenue producers, upon joining the Company, may receive company stock units in lieu of transition cash payments. Deferred compensation related to these awards generally vests over a one - to eight-year period. Deferred compensation costs are amortized on a straight-line basis over the deferral period. Profit Sharing Plan Eligible U.S. associates of the Company who have met certain service requirements may participate in the Stifel Financial Corp. Profit Sharing 401(k) Plan (the “401(k) Plan”). Associates are permitted within limitations imposed by tax law to make pre-tax contributions to the 401(k) Plan. We may match certain associate contributions or make additional contributions to the 401(k) Plan at our discretion. Our contributions to the 401(k) Plan, included in compensation and benefits in the consolidated statements of operations, were $ 15.2 million, $ 13.9 million, and $ 13.4 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Off-Balance Sheet Credit Risk

Off-Balance Sheet Credit Risk	12 Months Ended
	Dec. 31, 2021
Concentration Risks Types No Concentration Percentage [Abstract]
Off-Balance Sheet Credit Risk	NOTE 23 – Off-Balanc e Sheet Credit Risk In the normal course of business, we execute, settle, and finance customer and proprietary securities transactions. These activities expose our company to off-balance sheet risk in the event that customers or other parties fail to satisfy their obligations. In accordance with industry practice, securities transactions generally settle within two business days after trade date. Should a customer or broker fail to deliver cash or securities as agreed, we may be required to purchase or sell securities at unfavorable market prices. We borrow and lend securities to facilitate the settlement process and finance transactions, utilizing customer margin securities held as collateral. We monitor the adequacy of collateral levels on a daily basis. We periodically borrow from banks on a collateralized basis, utilizing firm and customer margin securities in compliance with SEC rules. Should the counterparty fail to return customer securities pledged, we are subject to the risk of acquiring the securities at prevailing market prices in order to satisfy our customer obligations. We control our exposure to credit risk by continually monitoring our counterparties’ positions, and where deemed necessary, we may require a deposit of additional collateral and/or a reduction or diversification of positions. Our company sells securities it does not currently own (short sales) and is obligated to subsequently purchase such securities at prevailing market prices. We are exposed to risk of loss if securities prices increase prior to closing the transactions. We control our exposure to price risk from short sales through daily review and setting position and trading limits. We manage our risks associated with the aforementioned transactions through position and credit limits and the continuous monitoring of collateral. Additional collateral is required from customers and other counterparties when appropriate. We have accepted collateral in connection with resale agreements, securities borrowed transactions, and customer margin loans. Under many agreements, we are permitted to sell or repledge these securities held as collateral and use these securities to enter into securities lending arrangements or to deliver to counterparties to cover short positions. At December 31, 2021 and 2020, the fair value of securities accepted as collateral where we are permitted to sell or repledge the securities was $ 2.3 billion and $ 1.8 billion, respectively, and the fair value of the collateral that had been sold or repledged was $ 385.5 million and $ 191.0 million, respectively. We enter into interest rate derivative contracts to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are principally used to manage differences in the amount, timing, and duration of our known or expected cash payments related to certain variable-rate affiliated deposits. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for us making fixed-rate payments. Our interest rate hedging strategies may not work in all market environments and, as a result, may not be effective in mitigating interest rate risk. Derivatives’ notional contract amounts are not reflected as assets or liabilities in the consolidated statements of financial condition. Rather, the market or fair value of the derivative transactions are reported in the consolidated statements of financial condition as other assets or accounts payable and accrued expenses, as applicable. In the ordinary course of business, Stifel Bancorp has commitments to originate loans, standby letters of credit, and lines of credit. Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established by the contract. These commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash commitments. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if necessary, is based on the credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate, and residential real estate. At December 31, 2021 and 2020, Stifel Bancorp had outstanding commitments to originate loans aggregating $ 545.5 million and $ 889.0 million, respectively. The commitments extended over varying periods of time, with all commitments at December 31, 2021, scheduled to be disbursed in the following three months. Through Stifel Bancorp, in the normal course of business, we originate residential mortgage loans and sell them to investors. We may be required to repurchase mortgage loans that have been sold to investors in the event there are breaches of certain representations and warranties contained within the sales agreements. We may be required to repurchase mortgage loans that were sold to investors in the event that there was inadequate underwriting or fraud, or in the event that the loans become delinquent shortly after they are originated. We also may be required to indemnify certain purchasers and others against losses they incur in the event of breaches of representations and warranties and in various other circumstances, and the amount of such losses could exceed the repurchase amount of the related loans. Consequently, we may be exposed to credit risk associated with sold loans. Standby letters of credit are irrevocable conditional commitments issued by Stifel Bancorp to guarantee the performance of a customer to a third party. Financial standby letters of credit are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. Performance standby letters of credit are issued to guarantee performance of certain customers under non-financial contractual obligations. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers. Should Stifel Bancorp be obligated to perform under the standby letters of credit, it may seek recourse from the customer for reimbursement of amounts paid. At December 31, 2021 and 2020, Stifel Bancorp had outstanding letters of credit totaling $ 22.9 million and $ 31.8 million, respectively. A majority of the standby letters of credit commitments at December 31, 2021, have expiration terms that are less than one year . Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Stifel Bancorp uses the same credit policies in granting lines of credit as it does for on-balance sheet instruments. At December 31, 2021 and 2020, Stifel Bancorp had granted unused lines of credit to commercial and consumer borrowers aggregating $ 3.1 billion and $ 2.5 billion, respectively. We are required to evaluate our loan portfolio for any expected losses with recognition of an allowance for credit losses, when applicable. At December 31, 2021, the expected credit losses for unfunded lending commitments was $ 19.2 million.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Income Taxes	NOTE 24 – I ncome Taxes The provision for income taxes consists of the following (in thousands) : Year Ended December 31, 2021 2020 2019 Current taxes: Federal $ 167,258 $ 143,859 $ 123,802 State 39,911 42,705 30,464 Foreign 2,950 ( 236 ) 1,684 210,119 186,328 155,950 Deferred taxes: Federal 19,747 ( 31,019 ) ( 7,027 ) State 5,640 ( 5,803 ) 4,266 Foreign 6,717 ( 1,818 ) ( 4,037 ) 32,104 ( 38,640 ) ( 6,798 ) Provision for income taxes $ 242,223 $ 147,688 $ 149,152 Reconciliation of the statutory federal income tax rate with our company’s effective income tax rate is as follows (in thousands) : Year Ended December 31, 2021 2020 2019 Statutory rate $ 224,087 $ 136,744 $ 125,485 State income taxes, net of federal income tax 37,169 27,934 28,333 Change in uncertain tax position 841 666 2,661 Foreign tax rate difference 125 ( 2,032 ) ( 629 ) Excess tax benefit from stock-based compensation ( 32,004 ) ( 21,605 ) ( 9,670 ) Non-deductible business expenses 9,732 7,957 8,390 Other, net 2,273 ( 1,976 ) ( 5,418 ) $ 242,223 $ 147,688 $ 149,152 Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in thousands) : December 31, 2021 2020 Deferred tax assets: Lease liabilities $ 187,576 $ 211,524 Deferred compensation 79,081 79,068 Accrued expenses 46,539 73,835 Receivable reserves 38,432 41,963 Net operating loss carryforwards 24,837 32,727 Depreciation 1,302 — Other 4,155 3,311 Total deferred tax assets 381,922 442,428 Valuation allowance ( 14,515 ) ( 11,740 ) 367,407 430,688 Deferred tax liabilities: Lease ROU asset ( 186,168 ) ( 210,670 ) Goodwill and other intangibles ( 54,887 ) ( 51,189 ) Unrealized gain on investments ( 7,841 ) ( 11,585 ) Prepaid expenses ( 7,228 ) ( 5,396 ) Depreciation — ( 15,371 ) ( 256,124 ) ( 294,211 ) Net deferred tax asset $ 111,283 $ 136,477 Our net deferred tax asset at December 31, 2021, includes net operating loss carryforwards of $ 193.5 million that expire between 2022 and 2041. Certain of our net operating loss carryforwards do not expire. A valuation allowance is recorded to the extent that it is more likely than not that any portion of the deferred tax asset will not be realized. The valuation allowance was increased by $ 2.8 million. We believe the realization of the remaining net deferred tax asset of $ 111.3 million is more likely than not based on the ability to carry back losses against prior year taxable income for tax years before 2021 and carry forward net operating losses indefinitely after 2021, and expectations of future taxable income, which is supported by a history of cumulative income. The current tax payable, included in accounts payable and accrued expenses, is $ 7.3 million and $ 38.2 million as of December 31, 2021 and 2020, respectively. The current tax receivable, included in other assets, is $ 44.2 million as of December 31, 2021. At December 31, 2020, the Company did no t have a tax receivable. As of December 31, 2021, we considered all undistributed earnings of non-U.S. subsidiaries to be permanently reinvested. Therefore, we have not provided for any U.S. deferred income taxes. Because the time or manner of repatriation is uncertain, we cannot determine the impact of local taxes, withholding taxes and foreign tax credits associated with the future repatriation of such earnings, and therefore cannot quantify the tax liability that would be payable in the event all such foreign earnings are repatriated. Uncertain Tax Positions As of December 31, 2021 and 2020, we had $ 4.9 million and $ 4.0 million, respectively, of gross unrecognized tax benefits, all of which, if recognized, would impact the effective tax rate. We recognize interest and penalties related to uncertain tax positions in provision for income taxes in the consolidated statements of operations. As of December 31, 2021 and 2020, we had accrued interest and penalties of $ 0.3 million and $ 0.4 million, respectively, before benefit of federal tax deduction, included in accounts payable and accrued expenses in our consolidated statements of financial condition. The amount of interest and penalties recognized in our consolidated statements of operations for the years ended December 31, 2021, 2020, and 2019, was not significant. The following table summarizes the activity related to our company’s unrecognized tax benefits from January 1, 2019 to December 31, 2021 (in thousands) : Year Ended December 31, 2021 2020 2019 Beginning balance $ 3,962 $ 3,387 $ 312 Increase related to prior year tax positions 2,719 977 2,173 Decrease related to prior year tax positions ( 119 ) ( 11 ) ( 54 ) Increase related to current year tax positions 745 790 956 Decrease related to settlements with taxing authorities ( 2,370 ) ( 1,181 ) — Decrease related to lapsing of statute of limitations ( 13 ) — — Ending balance $ 4,924 $ 3,962 $ 3,387 We file income tax returns with the U.S. federal jurisdiction, various states, and certain foreign jurisdictions. We are not subject to U.S. federal examination for taxable years before 2017. We are not subject to certain state and local, or non-U.S. income tax examinations for taxable years before 2014. There is a reasonable possibility that the unrecognized tax benefits will change within the next 12 months as a result of the expiration of various statutes of limitations or for the resolution of U.S. federal and state examinations, but we do not expect this change to be material to the consolidated financial statements.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	NOTE 25 – Segm ent Reporting We currently operate through the following three business segments: Global Wealth Management, Institutional Group, and various corporate activities combined in the Other segment. Our Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Private Client Group includes branch offices and independent contractor offices of our broker-dealer subsidiaries located throughout the United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance, as well as offering banking products to their clients through our bank subsidiaries, which provide residential, consumer, and commercial lending, as well as FDIC-insured deposit accounts to customers of our private client group and to the general public. The Institutional Group segment includes institutional sales and trading. It provides securities brokerage, trading, and research services to institutions, with an emphasis on the sale of equity and fixed income products. This segment also includes the management of and participation in underwritings for both corporate and public finance (exclusive of sales credits generated through the private client group, which are included in the Global Wealth Management segment), merger and acquisition, and financial advisory services. The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held, amortization of stock-based awards, and all unallocated overhead cost associated with the execution of orders; processing of securities transactions; custody of client securities; receipt, identification, and delivery of funds and securities; compliance with regulatory and legal requirements; internal financial accounting and controls; and general administration and acquisition charges. Information concerning operations in these segments of business for the years ended December 31, 2021, 2020, and 2019, is as follows (in thousands) : Year Ended December 31, 2021 2020 2019 Net revenues: (1) Global Wealth Management $ 2,598,837 $ 2,190,826 $ 2,130,559 Institutional Group 2,152,439 1,583,147 1,214,017 Other ( 14,188 ) ( 21,912 ) ( 7,546 ) $ 4,737,088 $ 3,752,061 $ 3,337,030 Income/(loss) before income taxes: Global Wealth Management $ 914,953 $ 725,884 $ 785,960 Institutional Group 558,937 325,285 175,670 Other ( 406,809 ) ( 400,009 ) ( 362,492 ) $ 1,067,081 $ 651,160 $ 599,138 (1) No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2021, 2020, and 2019. The following table presents our company’s total assets on a segment basis at December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 Global Wealth Management $ 28,219,800 $ 21,743,202 Institutional Group 5,151,841 3,733,661 Other 678,074 1,127,391 $ 34,049,715 $ 26,604,254 We have operations in the United States, United Kingdom, Europe, and Canada. The Company’s foreign operations are conducted through its wholly owned subsidiaries, SNEL and SNC. Substantially all long-lived assets are located in the United States. Revenues, classified by the major geographic areas in which they were earned for the years ended December 31, 2021, 2020, and 2019, were as follows (in thousands): Year Ended December 31, 2021 2020 2019 United States $ 4,332,743 $ 3,460,930 $ 3,154,285 United Kingdom 239,559 197,859 163,552 Canada 109,285 39,893 2,115 Other 55,501 53,379 17,078 $ 4,737,088 $ 3,752,061 $ 3,337,030

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 26 – Earnings Per Share (“EPS”) Basic EPS is computed by dividing earnings available to common shareholders by the weighted-average number of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Diluted earnings per share include dilutive stock options and stock units under the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2021, 2020, and 2019 (in thousands, except per share data) : Year Ended December 31, 2021 2020 2019 Net income applicable to Stifel Financial Corp. $ 824,858 $ 503,472 $ 448,396 Preferred dividends 35,587 27,261 17,319 Net income available to common shareholders $ 789,271 $ 476,211 $ 431,077 Shares for basic and diluted calculation: Average shares used in basic computation 107,536 106,174 107,997 Dilutive effect of stock options and units (1) 10,994 8,399 9,881 Average shares used in diluted computation 118,530 114,573 117,878 Earnings per common share: Basic $ 7.34 $ 4.49 $ 3.99 Diluted $ 6.66 $ 4.16 $ 3.66 (1) Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include units. For the years ended December 31, 2021, 2020, and 2019, the anti-dilutive effect from restricted stock units was immaterial. Cash Dividends During the year ended December 31, 2021, we declared and paid cash dividends of $ 0.60 per common share. During the year ended December 31, 2020, we declared and paid cash dividends of $ 0.45 per common share. During the year ended December 31, 2019, we declared and paid cash dividends of $ 0.40 per common share.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Shareholders' Equity	NOTE 27 – Share holders’ Equity Share Repurchase Program We have an ongoing authorization from the Board of Directors to repurchase our common stock in the open market or in negotiated transactions. At December 31, 2021, the maximum number of shares that may yet be purchased under this plan was 10.8 million. The repurchase program has no expiration date. These purchases may be made on the open market or in privately negotiated transactions, depending upon market conditions and other factors. Repurchased shares may be used to meet obligations under our employee benefit plans and for general corporate purposes. During the year ended December 31, 2021, we repurchas ed $ 172.7 m illion or 2.5 million shares using existing Board authorizations at an average price of $ 69.53 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes. During the year ended December 31, 2020, we repurchased $ 58.3 m illion or 1.7 million shares using existing Board authorizations at an average price of $ 33.35 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes. Issuance of Common Stock from Treasury During the years ended December 31, 2021 and 2020, we issued 2.6 million and 1.6 million shares, respectively, of common stock from treasury primarily as a result of vesting and exercise transactions under our incentive stock award plans. On November 1, 2021, we issued approximately 1.2 million shares from treasury for the acquisition of Vining Sparks. See Note 3 in the notes to consolidated financial statements for additional information regarding the acquisition. Issuance of Preferred Stock On May 19, 2020, the Company issued $ 225.0 million of 6.125 % Non-Cumulative Perpetual Preferred Stock, Series C, $ 1.00 par value, with a liquidation preference of $ 25,000 per share (equivalent to $ 25 liquidation preference per depositary share), which included the sale of $ 25.0 million of Series C Preferred, pursuant to the over-allotment option. When, as, and if declared by the board of directors of the Company, dividends will be payable at an annual rate of 6.125 %, payable quarterly, in arrears. The Company may redeem the Series C preferred stock at its option, subject to regulatory approval, on or after June 15, 2025. On July 22, 2021, the Company completed an underwritten registered public offering of $ 300.0 million of 4.50 % Non-Cumulative Perpetual Preferred Stock, Series D, $ 1.00 par value, with a liquidation preference of $ 25,000 per share (equivalent to $ 25 liquidation preference per depositary share). When, as, and if declared by the board of directors of the Company, dividends will be payable at an annual rate of 4.50 %, payable quarterly, in arrears. The Company may redeem the Series D preferred stock at its option, subject to regulatory approval, on or after August 15, 2026. On August 20, 2021, the Company redeemed all of the outstanding 6.25 % Non-Cumulative Perpetual Preferred Stock, Series A. The redemption price was $ 25.00 per depository share plus accrued and unpaid dividends to, but excluding, the date of redemption.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2021
Variable Interest Entity Not Primary Beneficiary Disclosures [Abstract]
Variable Interest Entities	NOTE 28 – Variable Interest Entities Our variable interests in VIEs include debt and equity interests, commitments, certain fees, the establishment of Stifel Financial Capital Trusts, and our issuance of a convertible promissory note. Our involvement with VIEs arises primarily from the following activities: purchases of securities in connection with our trading and secondary market-making activities; retained interests held as a result of securitization activities; and loans to, investments in, and fees from various investment vehicles. Partnership Interests We have formed several non-consolidated investment funds with third-party investors that are typically organized as limited liability companies (“LLCs”) or limited partnerships. These partnerships and LLCs have net assets of $ 384.5 million at December 31, 2021. These investment vehicles have assets primarily consisting of private and public equity investments. For those funds where we act as the general partner, our company’s economic interest is generally limited to management fee arrangements as stipulated by the fund operating agreements. We have generally provided the third-party investors with rights to terminate the funds or to remove us as the general partner. We have concluded that we are not the primary beneficiary of these VIEs, and therefore, we do not consolidate these entities. Debt and Equity Investments The carrying amount of our debt and equity investments was $ 77.1 million at December 31, 2021. Our exposure to loss is limited to the total of our carrying value. These investment vehicles have net assets of $ 101.3 million at December 31, 2021, primarily consisting of aircraft, aircraft engine-related assets, and debt. For these investments, our involvement is primarily limited to management fee arrangements as stipulated by the operating agreements. We have concluded that we are not the primary beneficiary of these VIEs, and therefore, we do not consolidate these entities. Debenture to Stifel Financial Capital Trusts We have completed private placements of cumulative trust preferred securities through Stifel Financial Capital Trust II, Stifel Financial Capital Trust III, and Stifel Financial Capital Trust IV (collectively, the “Trusts”). The Trusts are non-consolidated wholly owned business trust subsidiaries of our company and were established for the limited purpose of issuing trust securities to third parties and lending the proceeds to our company. The trust preferred securities represent an indirect interest in junior subordinated debentures purchased from our company by the Trusts, and we effectively provide for the full and unconditional guarantee of the securities issued by the Trusts. We make timely payments of interest to the Trusts as required by contractual obligations, which are sufficient to cover payments due on the securities issued by the Trusts, and believe that it is unlikely that any circumstances would occur that would make it necessary for our company to make payments related to these Trusts other than those required under the terms of the debenture agreements and the trust preferred securities agreements. The Trusts were determined to be VIEs because the holders of the equity investment at risk do not have adequate decision-making ability over the Trust’s activities. Our investment in the Trusts is not a variable interest, because equity interests are variable interests only to the extent that the investment is considered to be at risk. Because our investment was funded by the Trusts, it is not considered to be at risk.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 29 – Subs equent Events We evaluate subsequent events that have occurred after the balance sheet date but before the financial statements are issued. There are two types of subsequent events: (1) recognized, or those that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements, and (2) non-recognized, or those that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Based on the evaluation, we did not identify any recognized subsequent events that would have required adjustment to the consolidated financial statements.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents We consider money market mutual funds and highly liquid investments with original maturities of three months or less that are not restricted or segregated to be cash equivalents. Cash and cash equivalents include deposits with banks, federal funds sold, money market mutual funds, and certificates of deposit. Cash and cash equivalents also include balances that our bank subsidiaries maintain at the Federal Reserve Bank.
Cash Segregated For Regulatory Purposes	Cash Segregated for Regulatory Purposes Our broker-dealer subsidiaries are subject to Rule 15c3-3 under the Securities Exchange Act of 1934, which requires our company to maintain cash or qualified securities in a segregated reserve account for the exclusive benefit of its clients. In accordance with Rule 15c3-3, our company has portions of its cash segregated for the exclusive benefit of clients at December 31, 2021.
Brokerage Client Receivables, Net	Brokerage Client Receivables, Net Brokerage client receivables include receivables of our company’s broker-dealer subsidiaries, which represent amounts due on cash and margin transactions and are generally collateralized by securities owned by clients. Brokerage client receivables, primarily consisting of floating-rate loans collateralized by customer-owned securities, are charged interest at rates similar to other such loans made throughout the industry. The receivables are reported at their outstanding principal balance net of allowance for doubtful accounts. When a brokerage client receivable is considered to be impaired, the amount of the impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources, such as listed market prices or broker-dealer price quotations. Securities owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the consolidated statements of financial condition.
Securities Borrowed and Securities Loaned	Securities Borrowed and Securities Loaned Securities borrowed require our company to deliver cash to the lender in exchange for securities and are included in receivables from brokers, dealers, and clearing organizations in the consolidated statements of financial condition. For securities loaned, we generally receive collateral in the form of cash in an amount in excess of the market value of securities loaned. Securities loaned are included in payables to brokers, dealers, and clearing organizations in the consolidated statements of financial condition. We monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Fees received or paid are recorded in interest revenue or interest expense in the consolidated statements of operations. Substantially all of these transactions are executed under master netting agreements, which gives us right of offset in the event of counterparty default; however, such receivables and payables with the same counterparty are not set off in the consolidated statements of financial condition.
Securities Purchased Under Agreements to Resell and Repurchase Agreements	Securities Purchased Under Agreements to Resell and Repurchase Agreements Securities purchased under agreements to resell (“resale agreements”) are collateralized financing transactions that are recorded at their contractual amounts plus accrued interest. We obtain control of collateral with a market value equal to or in excess of the principal amount loaned and accrued interest under resale agreements. These agreements are short-term in nature and are generally collateralized by U.S. government securities, U.S. government agency securities, and corporate bonds. We value collateral on a daily basis, with additional collateral obtained when necessary to minimize the risk associated with this activity. Securities sold under agreements to repurchase (“repurchase agreements”) are collateralized financing transactions that are recorded at their contractual amounts plus accrued interest. We make delivery of securities sold under agreements to repurchase and monitor the value of collateral on a daily basis. When necessary, we will deliver additional collateral.
Financial Instruments	Financial Instruments We measure certain financial assets and liabilities at fair value on a recurring basis, including cash equivalents, financial instruments owned, available-for-sale securities, investments, financial instruments sold, but not yet purchased, and derivatives. Other than those separately discussed in the notes to the consolidated financial statements, the remaining financial instruments are generally short-term in nature, and their carrying values approximate fair value. The fair value of a financial instrument is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., “the exit price”) in an orderly transaction between market participants at the measurement date. We have categorized our financial instruments measured at fair value into a three-level classification in accordance with Topic 820, “Fair Value Measurement,” which established a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs reflect our assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the transparency of inputs as follows: Level 1 – Quoted prices (unadjusted) are available in active markets for identical assets or liabilities as of the measurement date. A quoted price for an identical asset or liability in an active market provides the most reliable fair value measurement, because it is directly observable to the market. Level 2 – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the measurement date. The nature of these financial instruments includes instruments for which quoted prices are available but traded less frequently, derivative instruments whose fair value have been derived using a model where inputs to the model are directly observable in the market, or can be derived principally from or corroborated by observable market data, and instruments that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3 – Instruments that have little to no pricing observability as of the measurement date. These financial instruments do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Valuation of Financial Instruments When available, we use observable market prices, observable market parameters, or broker or dealer prices (bid and ask prices) to derive the fair value of financial instruments. In the case of financial instruments transacted on recognized exchanges, the observable market prices represent quotations for completed transactions from the exchange on which the financial instrument is principally traded. A substantial percentage of the fair value of our financial instruments owned, available-for-sale securities, investments, and financial instruments sold, but not yet purchased, are based on observable market prices, observable market parameters, or derived from broker or dealer prices. The availability of observable market prices and pricing parameters can vary from product to product. Where available, observable market prices and pricing or market parameters in a product may be used to derive a price without requiring significant judgment. In certain markets, observable market prices or market parameters are not available for all products, and fair value is determined using techniques appropriate for each particular product. These techniques involve some degree of judgment. For investments in illiquid or privately held securities that do not have readily determinable fair values, the determination of fair value requires us to estimate the value of the securities using the best information available. Among the factors we consider in determining the fair value of investments are the cost of the investment, terms and liquidity, developments since the acquisition of the investment, the sales price of recently issued securities, the financial condition and operating results of the issuer, earnings trends and consistency of operating cash flows, the long-term business potential of the issuer, the quoted market price of securities with similar quality and yield that are publicly traded, and other factors generally pertinent to the valuation of investments. In instances where a security is subject to transfer restrictions, the value of the security is based primarily on the quoted price of a similar security without restriction but may be reduced by an amount estimated to reflect such restrictions. The fair value of these investments is subject to a high degree of volatility and may be susceptible to significant fluctuation in the near term, and the differences could be material. The degree of judgment used in measuring the fair value of financial instruments generally correlates to the level of pricing observability. Pricing observability is impacted by a number of factors, including the type of financial instrument, whether the financial instrument is new to the market and not yet established, and the characteristics specific to the transaction. Financial instruments with readily available active quoted prices for which fair value can be measured from actively quoted prices generally will have a higher degree of pricing observability and a lesser degree of judgment used in measuring fair value. Conversely, financial instruments rarely traded or not quoted will generally have less, or no, pricing observability and a higher degree of judgment used in measuring fair value. See Note 5 for additional information on how we value our financial instruments.
Available-for-Sale and Held-to-Maturity Securities	Available-for-Sale and Held-to-Maturity Securities Securities available for sale, which are carried at fair value, include U.S. government agency securities; state and municipal securities; agency, non-agency, and commercial mortgage-backed securities; corporate fixed income securities; and asset-backed securities, which primarily includes collateralized loan obligations. Securities held to maturity are recorded at amortized cost based on our company’s positive intent and ability to hold these securities to maturity. Securities held to maturity include asset-backed securities, consisting of collateralized loan obligation securities and student loan ARS. We evaluate each available-for-sale security where the value has declined below amortized cost. If our company intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For available-for-sale debt securities our company intends to hold, we evaluate the debt securities for expected credit losses except for debt securities that are guaranteed by the U.S. Treasury or U.S. government agencies where we apply a zero credit loss assumption. For the remaining available-for-sale debt securities, we consider qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an available-for-sale debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by our company to determine if a portion of the unrealized loss is a result of a credit loss. Any credit losses determined are recognized as an increase to the allowance for credit losses through provision expense recorded in the consolidated statement of operations in provision for credit losses. Cash flows expected to be collected are estimated using all relevant information available, such as remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults, and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated other comprehensive income. In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. We separately evaluate our held-to-maturity debt securities for any credit losses. We perform a discounted cash flow analysis to estimate any credit losses, which are then recognized as part of the allowance for credit losses. For available-for-sale and held-to-maturity debt securities, we have established a nonaccrual policy that results in timely write-off of accrued interest. See Note 7 for more information. Unrealized gains and losses on our available-for-sale securities are reported, net of taxes, in accumulated other comprehensive income included in shareholders’ equity. Amortization of premiums and accretion of discounts are recorded as interest income in the consolidated statements of operations using the interest method. Realized gains and losses from sales of securities available for sale are determined on a specific identification basis and are included in other income in the consolidated statements of operations in the period they are sold. For securities transferred from available-for-sale to held-to-maturity, carrying value also includes unrealized gains and losses recognized in accumulated other comprehensive income at the date of transfer. Such unrealized gains or losses are accreted over the remaining life of the security with no impact on future net income.
Loan Classification	Loan Classification We classify loans based on our investment strategy and management’s assessment of our intent and ability to hold loans for the foreseeable future or until maturity. Management’s intent and ability with respect to certain loans may change from time to time depending on a number of factors, including economic, liquidity, and capital conditions. The accounting and measurement framework for loans differs depending on the loan classification. The classification criteria and accounting and measurement framework for bank loans and loans held for sale are described below. Bank Loans Bank loans consist of commercial and residential mortgage loans, commercial and industrial loans, stock-secured loans, home equity loans, construction loans, and consumer loans originated or acquired by Stifel Bancorp. Bank loans include those loans that management has the intent and ability to hold and are recorded at outstanding principal adjusted for any charge-offs, allowance for loan losses, deferred origination fees and costs, and purchased discounts. Loan origination costs, net of fees, and premiums and discounts on purchased loans are deferred and recognized over the contractual life of the loan as an adjustment of yield using the interest method. Bank loans are generally collateralized by real estate, real property, marketable securities, or other assets of the borrower. Interest income is recognized using the effective interest rate method, which is based upon the respective interest rates and the average daily asset balance. Discount accretion/premium amortization is recognized using the effective interest rate method, which is based upon the respective interest rate and expected lives of loans. Allowance for Credit Losses The measurement of the allowance for credit losses, which includes the allowance for loan losses and the reserve for unfunded lending commitments, is based on management’s best estimate of lifetime expected credit losses inherent in the Company’s relevant financial assets. The expected credit losses on our loan portfolio are referred to as the allowance for loan losses and are reported separately as a contra-asset to loans on the consolidated statement of financial condition. The expected credit losses for unfunded lending commitments, including standby letters of credit and binding unfunded loan commitments, are reported on the consolidated statement of financial condition in accounts payable and accrued expenses. The provision for loan losses related to the loan portfolio and the provision for unfunded lending commitments are reported in the consolidated statement of operations in provision for credit losses. For loans, the expected credit loss is typically estimated using quantitative methods that consider a variety of factors, such as historical loss experience derived from proxy data, the current credit quality of the portfolio, as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open-ended products, the expected credit loss is determined based on the maximum repayment term associated with future draws from credit lines. In our loss forecasting framework, we incorporate forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels, corporate bond spreads, and long-term interest rate forecasts. To estimate losses for contractual periods that extend beyond the forecast horizon, we revert to an average historical loss experience. As any one economic outlook is inherently uncertain, we leverage multiple scenarios. The scenarios that are chosen each quarter and the amount of weighting given to each scenario depend on a variety of factors, including recent economic events, leading economic indicators, and industry trends. The reserve for unfunded lending commitments is estimated using the same scenarios, models, and economic data as the loan portfolio. The allowance for loan losses includes adjustments for qualitative reserves based on our company’s assessment that may not be adequately represented in the quantitative methods or the economic assumptions described above. For example, factors that we consider include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, we consider the inherent uncertainty in quantitative models that are built on historical data. As a result of the uncertainty inherent in the quantitative models, other quantitative and qualitative factors are considered in adjusting allowance amounts, including, but not limited to, the following: model imprecision, imprecision in macroeconomic scenario forecasts, or changes in the economic environment affecting specific portfolio segments that deviate from the macroeconomic forecasts. The evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Depending on changes in circumstances, future assessments of credit risk may yield materially different results from the prior estimates, which may require an increase or a decrease in the allowance for loan losses. The allowance for credit losses can also be impacted by unanticipated changes in asset quality of the portfolio. In addition, while we have incorporated our estimated impact of the coronavirus (“COVID-19”) pandemic on the economy into our allowance for credit losses, the ultimate impact of COVID-19 is still unknown, including how long economic activities will be impacted and what effect the unprecedented levels of government fiscal and monetary actions will have on the economy and our credit losses. Loans Held for Sale Loans that we intend to sell or for which we do not have the ability and intent to hold for the foreseeable future are classified as held for sale. Loans held for sale consist of fixed-rate and adjustable-rate residential and multi-family real estate mortgage loans intended for sale. Loans held for sale are stated at lower of cost or market value on an individual loan basis. Declines in market value below cost and any gains or losses on the sale of these assets are recognized in other income in the consolidated statements of operations. Market value is determined based on prevailing market prices for loans with similar characteristics or on sale contract prices. Deferred fees and costs related to these loans are not amortized but are recognized as part of the cost basis of the loan at the time it is sold. Because loans held for sale are reported at lower of cost or market value, an allowance for loan losses is not established for loans held for sale.
Impaired Loans	Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement will not be collectible. Factors considered in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We consider a loan a trouble debt restructuring when an existing borrower is granted concessionary rates or terms, which would not otherwise be offered. The concessions granted do not reflect current market conditions for a new loan of similar risk to another borrower in similar financial circumstances. Once a loan is determined to be impaired, when principal or interest becomes 90 days past due or when collection becomes uncertain, the accrual of interest and amortization of deferred loan origination fees is discontinued (“nonaccrual status”) and any accrued and unpaid interest income is reversed. Loans placed on nonaccrual status are returned to accrual status when all delinquent principal and interest payments are collected and the collectibility of future principal and interest payments is reasonably assured. Loan losses are charged against the allowance for loan losses when we believe the uncollectibility of a loan balance is certain. Subsequent recoveries, if any, are credited to the allowance for loan losses. We do not include reserves for interest receivable in the measurement of the allowance for credit losses, as we generally classify loans as nonperforming at 90 days past due and reverse interest income for these loans at that time. Large groups of smaller balance homogenous loans are collectively evaluated for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment measurements. Impairment is measured on a loan-by-loan basis for non-homogeneous loans, and a specific allowance is established for individual loans determined to be impaired. Impairment is measured by comparing the carrying value of the impaired loan to the present value of its expected cash flow discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. See Note 8 for more information.
Investments	Investments Our broker-dealer subsidiaries report changes in fair value of marketable and non-marketable securities in other income in the consolidated statements of operations. The fair value of marketable investments is generally based on either quoted market or dealer prices. The fair value of non-marketable securities is based on management’s estimate using the best information available, which generally consists of quoted market prices for similar securities and internally developed discounted cash flow models. Investments in the consolidated statements of financial condition contain investments in securities that are marketable and securities that are not readily marketable. These investments are not included in our broker-dealer trading inventory or available-for-sale or held-to-maturity portfolios and represent the acquiring and disposing of debt or equity instruments for our benefit.
Fixed Assets, Net	Fixed Assets, Net Office equipment is depreciated on a straight-line basis over the estimated useful life of the asset of two to seven years . Leasehold improvements are amortized on a straight-line basis over the lesser of the estimated useful life of the asset or the term of the lease. Buildings and building improvements are amortized on a straight-line basis over the estimated useful life of the asset of three to thirty-nine years . Depreciation expense is recorded in occupancy and equipment rental in the consolidated statements of operations. Office equipment and leasehold improvements are stated at cost net of accumulated depreciation and amortization in the consolidated statements of financial condition. Fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the cost of acquired businesses in excess of the fair value of the related net assets acquired. We test goodwill for impairment on an annual basis and on an interim basis when certain events or circumstances exist. We test for impairment at the reporting unit level, which is generally at the level of or one level below our company’s business segments. For both the annual and interim tests, we have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, we determine it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the two-step impairment test is not required. However, if we conclude otherwise, we are then required to perform the first step of the two-step impairment test. Goodwill impairment is determined by comparing the estimated fair value of a reporting unit with its respective carrying value. If the estimated fair value exceeds the carrying value, goodwill at the reporting unit level is not deemed to be impaired. If the estimated fair value is below carrying value, however, further analysis is required to determine the amount of the impairment. Additionally, if the carrying value of a reporting unit is zero or a negative value and it is determined that it is more likely than not the goodwill is impaired, further analysis is required. The estimated fair values of the reporting units are derived based on valuation techniques we believe market participants would use for each of the reporting units. The Company performed impairment testing on October 1, 2021, with no impairment charges resulting from the annual impairment tests. Identifiable intangible assets, which are amortized over their estimated useful lives, are tested for potential impairment whenever events or changes in circumstances suggest that the carrying value of an asset or asset group may not be fully recoverable.
Loan and Advances to Financial Advisors and Other Employees, Net	Loans and Advances to Financial Advisors and Other Employees, Net We offer transition pay, principally in the form of upfront loans, to financial advisors and certain key revenue producers as part of our company’s overall growth strategy. These loans are generally forgiven by a charge to compensation and benefits over a five- to ten-year period if the individual satisfies certain conditions, usually based on continued employment and certain performance standards. We monitor and compare individual financial advisor production to each loan issued to ensure future recoverability. In the event that the financial advisor is no longer affiliated with us, any unpaid balance of such loan becomes immediately due and payable to us. In determining the allowance for doubtful accounts related to former employees, management primarily considers our historical collection experience as well as other factors, including amounts due at termination, the reasons for the terminated relationship, and the former financial advisor’s overall financial position. When the review of these factors indicates that further collection activity is highly unlikely, the outstanding balance of such loan is written-off and the corresponding allowance is reduced. The aging of this receivable balance is not a determinative factor in computing our allowance for doubtful accounts, as concerns regarding the recoverability of these loans primarily arise in the event that the financial advisor is no longer affiliated with us. We present the outstanding balance of loans to financial advisors on our consolidated statements of financial condition, net of the allowance for doubtful accounts. Our allowance for doubtful accounts was approximately $ 19.6 million and $ 18.7 million at December 31, 2021 and 2020, respectively.
Derivative Instruments	Derivative Instruments In order to mitigate the interest rate exposure associated with its customer transactions, the Company also enters into offsetting derivative transactions with derivative dealers. We recognize all of our derivative instruments at fair value as either assets or liabilities in the consolidated statements of financial condition, with changes in fair value recorded through earnings in principal transactions, net. These instruments are recorded in other assets or accounts payable and accrued expenses in the consolidated statements of financial condition and in the operating section of the consolidated statements of cash flows as increases or decreases of other assets and accounts payable and accrued expenses. Derivatives consist of interest rate swaps and options. Interest rate swaps are contractual agreements that convert the interest rate bases (i.e., fixed or floating) on an underlying financial asset or liability. Interest rate options grant the option holder the right to buy or sell an underlying financial instrument for a predetermined price before the contract expires. Our company’s policy is not to offset fair value amounts recognized for derivative instruments and fair value amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments recognized at fair value executed with the same counterparty under master netting arrangements. The accounting for changes in the fair value (i.e., gains and losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, we must also designate the hedging instrument or transaction, based upon the exposure being hedged.
Revenue Recognition	Revenue Recognition Customer securities transactions are recorded on a settlement date basis, with related commission revenues and expenses recorded on a trade date basis. Commission revenues are recorded as the amount charged to the customer, which, in certain cases, may include varying discounts. Principal securities transactions are recorded on a trade date basis. We typically distribute our proprietary equity research products to our client base of institutional investors at no charge. These proprietary equity research products are accounted for as a cost of doing business. Advisory revenues from mergers and acquisitions engagements are recognized at a point in time when the related transaction is completed, as the performance obligation is to successfully broker a specific transaction. Advisory expenses are deferred only to the extent they are explicitly reimbursable by the client and the related revenue has been recognized. All other investment banking advisory related expenses, including expenses incurred related to restructuring assignments, are expensed as incurred. Underwriting expenses are recognized as non-interest expense in other operating expenses in the consolidated statements of operations, and any expense reimbursements are recognized as investment banking revenues (i.e., expenses are not netted against revenues). Asset management. We earn management and performance fees in connection with investment advisory services provided to institutional and individual clients. Investment advisory fees are charged based on the value of assets in fee-based accounts and are affected by changes in the balances of client assets due to market fluctuations and levels of net new client assets. Fees are charged either in advance based on fixed rates applied to the value of the customers’ account at the beginning of the period or periodically based on contracted rates and account performance. Contracts can be terminated at any time with no incremental payments due to our company upon termination. If the contract is terminated by the customer fees are prorated for the period and fees charged for the post termination period are refundable to the customer. We earn fees from the investment partnerships that we manage or of which we are a general partner. Such management fees are generally based on the net assets or committed capital of the underlying partnerships. We have agreed, in certain cases, to waive management fees, in lieu of making a cash contribution, in satisfaction of our general partner investment commitments to the investment partnerships. In these cases, we generally recognize our management fee revenues at the time when we are allocated a special profit interest in realized gains from these partnerships. Lease revenue – Revenue from leasing of aircraft engines is recognized as operating lease revenue on a straight-line basis over the terms of the applicable lease agreements. Under the terms of some of our company’s leases, the lessees pay use fees (also known as maintenance reserves) to our company based on usage of the leased asset, which are designed to cover expected future maintenance costs. Some of these amounts are reimbursable to the lessee if they make specifically defined maintenance expenditures. Use fees received are recognized in revenue as maintenance reserve revenue if they are not reimbursable to the lessee. Use fees that are reimbursable are recorded as a maintenance reserve liability until they are reimbursed to the lessee, the lease terminates, or the obligation to reimburse the lessee for such reserves ceases to exist, at which time they are recognized in revenue as maintenance reserve revenue.
Operating Leases	Operating Leases Our company enters into operating leases for real estate, office equipment, and other assets, substantially all of which are used in connection with its operations. We recognize, for leases longer than one year, a right-of-use asset representing the right to use the underlying asset for the lease term, and a lease liability representing the liability to make payments. The lease term is generally determined based on the contractual maturity of the lease. For leases where our company has the option to terminate or extend the lease, an assessment of the likelihood of exercising the option is incorporated into the determination of the lease term. Such assessment is initially performed at the inception of the lease and is updated if events occur that impact the original assessment. An operating lease right-of-use asset is initially determined based on the operating lease liability, adjusted for initial direct costs, lease incentives, and amounts paid at or prior to lease commencement. This amount is then amortized over the lease term. At December 31, 2021, the right-of-use assets are included in operating lease right-of-use assets, net with the corresponding lease liabilities included in accounts payable and accrued expenses in the consolidated statements of financial condition. See Note 19 for information about operating leases. For leases where our company ceased using the space and management has concluded that it will not derive any future economic benefits, we record an impairment of right-of-use assets.
Income Taxes	Income Taxes We compute income taxes using the asset and liability method, under which deferred income taxes are provided for the temporary differences between the financial statement carrying amounts and the tax basis of our company’s assets and liabilities. We establish a valuation allowance for deferred tax assets if it is more likely than not that these items will either expire before we are able to realize their benefits, or that future deductibility is uncertain. We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. We recognize interest and penalties related to uncertain tax positions in provision for income taxes in the consolidated statements of operations. See Note 24 for further information regarding income taxes.
Foreign Currency Translation	Foreign Currency Translation We consolidate our foreign subsidiaries, which have designated their local currency as their functional currency. Assets and liabilities of these foreign subsidiaries are translated at year-end rates of exchange. Revenues and expenses are translated at an average rate for the period. Gains or losses resulting from translating foreign currency financial statements are reflected in accumulated other comprehensive income, a separate component of Stifel Financial Corp. shareholders’ equity. Gains or losses resulting from foreign currency transactions are included in other income in the consolidated statements of operations.
Recently Adopted Accounting Guidance	Recently Adopted Accounting Guidance Income Taxes In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” which is intended to simplify various aspects related to accounting for income taxes. This accounting update removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. We prospectively adopted the accounting update on January 1, 2021. The adoption did not have a material impact on our consolidated financial statements. Goodwill Impairment Testing On January 1, 2020, we adopted ASU 2017-04, which simplifies the subsequent measurement of goodwill and eliminates Step 2 from the goodwill impairment test. Under the accounting update, the annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount, and an impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The adoption of the accounting update did not have a material impact on our consolidated financial statements. The future impact of the accounting update will depend upon the performance of our reporting units and the market conditions impacting the fair value of each reporting unit going forward. Financial Instruments – Credit Losses On January 1, 2020, we adopted ASU 2016-13 that requires the measurement of the allowance for credit losses to be based on management’s best estimate of lifetime expected credit losses inherent in the Company’s relevant financial assets. Upon adoption of the standard on January 1, 2020, we recorded a $ 10.4 million increase to the allowance for credit losses. The allowance for credit losses includes both the allowance for loan losses and the reserve for unfunded lending commitments and represents management’s estimate of the expected credit losses in our company’s loan portfolio. The increase in the allowance is driven by the fact that the allowance under the CECL model covers expected credit losses over the full expected life of the loan portfolios and also takes into account forecasts of expected future economic conditions. The cumulative effect of adopting this standard was a decrease to retained earnings of $ 7.8 million (net of tax). Reference Rate Reform In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform  Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The accounting standard related to contracts or hedging relationships that reference LIBOR or other reference rates that are expected to be discontinued due to reference rate reform. The accounting standard provides for optional expedients and other guidance regarding the accounting related to modifications of contracts, hedging relationships, and other transactions affected by reference rate reform. We elected to retrospectively adopt the new standard as of January 1, 2020, which resulted in no immediate impact. While reference rate reform did not have a material accounting impact on our consolidated financial statements, the new standard eased the administrative burden in accounting for the future effects of reference rate reform. Callable debt securities In March 2017, the FASB issued ASU 2017-08, “Receivables  Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities,” which shortens the amortization period for the premium on certain callable debt securities to the earliest call date. The amendments are applicable to any purchased individual debt security with an explicit and non-contingent call feature that is callable at a fixed price on a preset date. The accounting update is effective for fiscal years beginning after December 15, 2018 (January 1, 2019, for our company) under a modified retrospective approach. The change was applied prospectively from January 1, 2019, and there is no impact to our previously presented results. The adoption of the accounting update resulted in a reduction of beginning retained earnings of $ 4.4 million after-tax as a cumulative effect of adoption of an accounting change. Leases In February 2016, the FASB issued ASU 2016-02, which requires that for leases longer than one year, a lessee recognize in the statements of financial condition a right-of-use asset, representing the right to use the underlying asset for the lease term, and a lease liability, representing the liability to make lease payments. The accounting update also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right-of-use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. In addition, this accounting update requires expanded disclosures about the nature and terms of lease agreements. This change was applied prospectively from January 1, 2019, and there is no impact on our previously presented results. Upon adoption, in accordance with the new lease standard, we elected to not reassess the lease classification or initial direct costs of existing leases, and to not reassess whether existing contracts contain a lease. In addition, we have elected to account for each contract’s lease and non-lease components as a single lease component. The adoption of the new lease standard resulted in a reduction of beginning retained earnings of $ 6.7 million after-tax as a cumulative effect of adoption of an accounting change. Upon adoption, the company recorded a gross up of approximately $ 670 million on its consolidated statements of financial condition to recognize the right-of-use assets, included in operating lease right-of-use assets , net and lease liabilities, included in accounts payable and accrued expenses .

Receivables From And Payables_2

Receivables From And Payables To Brokers, Dealers And Clearing Organizations (Tables)	12 Months Ended
	Dec. 31, 2021
Due To And From Broker Dealers And Clearing Organizations [Abstract]
Amounts Receivable From Brokers, Dealers, And Clearing Organizations	Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2021 and 2020, included (in thousands) : December 31, 2021 2020 Receivables from clearing organizations $ 278,482 $ 229,070 Deposits paid for securities borrowed 260,586 313,131 Securities failed to deliver 35,188 7,291 $ 574,256 $ 549,492
Amounts Payable To Brokers, Dealers, And Clearing Organizations	Amounts payable to brokers, dealers, and clearing organizations at December 31, 2021 and 2020, included (in thousands) : December 31, 2021 2020 Deposits received from securities loaned $ 149,219 $ 145,124 Securities failed to receive 64,170 7,273 Payable to clearing organizations 44,340 25,540 $ 257,729 $ 177,937

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule Of Fair Value Of Investments In And Unfunded Commitments To Funds Measured At Net Asset Value	The table below presents the fair value of our investments in, and unfunded commitments to, funds that are measured at NAV (in thousands): December 31, 2021 December 31, 2020 Fair value of investments Unfunded commitments Fair value of investments Unfunded commitments Partnership interests $ 13,372 $ 12,721 $ 3,744 $ 2,520 Mutual funds 7,310 — 7,152 — Money market funds 3,004 — 34,192 — Private equity funds 2,376 1,203 1,489 1,203 Total $ 26,062 $ 13,924 $ 46,577 $ 3,723
Fair Value Of Assets And Liabilities Measured On Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of December 31, 2021, are presented below (in thousands) : December 31, 2021 Total Level 1 Level 2 Level 3 Financial instruments owned: U.S. government securities $ 10,774 $ 10,774 $ — $ — U.S. government agency securities 143,793 — 143,793 — Agency mortgage-backed securities 335,050 — 335,050 — Asset-backed securities 132,087 — 67,381 64,706 Corporate securities: Fixed income securities 255,999 183 255,816 — Equity securities 75,056 73,493 1,338 225 State and municipal securities 162,335 — 162,335 — Other (1) 41,910 — 15,053 26,857 Total financial instruments owned 1,157,004 84,450 980,766 91,788 Available-for-sale securities: U.S. government agency securities 1,808 — 1,808 — State and municipal securities 2,399 — 2,399 — Mortgage-backed securities: Agency 952,186 — 952,186 — Commercial 73,985 — 73,985 — Non-agency 568 — 568 — Corporate fixed income securities 791,893 — 791,893 — Asset-backed securities 291,054 — 291,054 — Total available-for-sale securities 2,113,893 — 2,113,893 — Investments: Corporate equity securities 21,308 13,893 1,661 5,754 Auction rate securities 13,032 — — 13,032 Other 60,406 10,217 14,352 35,837 Investments in funds and partnerships measured at NAV 23,058 Total investments 117,804 24,110 16,013 54,623 Cash equivalents measured at NAV 3,004 Derivative contracts (2) 52,129 — 52,129 — $ 3,443,834 $ 108,560 $ 3,162,801 $ 146,411 (1) Includes loans, non-agency mortgage-backed securities, and sovereign debt. (2) Included in other assets in the consolidated statements of financial condition. December 31, 2021 Total Level 1 Level 2 Level 3 Liabilities: Financial instruments sold, but not yet purchased: U.S. government securities $ 377,023 $ 377,023 $ — $ — U.S. government agency securities 37,395 — 37,395 — Agency mortgage-backed securities 156,628 — 156,628 — Corporate securities: Fixed income securities 153,852 — 153,852 — Equity securities 28,482 28,482 — — Sovereign debt 2,770 — 2,770 — Total financial instruments sold, but not yet purchased 756,150 405,505 350,645 — Derivative contracts (3) 52,147 — 52,147 — $ 808,297 $ 405,505 $ 402,792 $ — (3) Included in accounts payable and accrued expenses in the consolidated statements of financial condition. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2020, are presented below (in thousands) : December 31, 2020 Total Level 1 Level 2 Level 3 Financial instruments owned: U.S. government securities $ 46,900 $ 46,900 $ — $ — U.S. government agency securities 56,450 — 56,450 — Agency mortgage-backed securities 216,434 — 216,434 — Asset-backed securities 3,394 — 3,385 9 Corporate securities: Fixed income securities 194,575 4,474 190,101 — Equity securities 67,593 62,979 4,614 — State and municipal securities 96,150 — 96,150 — Other (1) 12,532 — 1,257 11,275 Total financial instruments owned 694,028 114,353 568,391 11,284 Available-for-sale securities: U.S. government agency securities 4,361 — 4,361 — State and municipal securities 2,453 — 2,453 — Mortgage-backed securities: Agency 793,410 — 793,410 — Commercial 95,613 — 95,613 — Non-agency 4,569 — 4,569 — Corporate fixed income securities 631,758 — 631,758 — Asset-backed securities 698,133 — 698,133 — Total available-for-sale securities 2,230,297 — 2,230,297 — Investments: Corporate equity securities 29,496 29,496 — — Auction rate securities 12,933 — — 12,933 Other 59,048 10,342 6,593 42,113 Investments in funds and partnerships measured at NAV 12,385 Total investments 113,862 39,838 6,593 55,046 Cash equivalents measured at NAV 34,192 $ 3,072,379 $ 154,191 $ 2,805,281 $ 66,330 (1) Includes loans, sovereign debt, and non-agency mortgage-backed securities. December 31, 2020 Total Level 1 Level 2 Level 3 Liabilities: Financial instruments sold, but not yet purchased: U.S. government securities $ 91,974 $ 91,974 $ — $ — Agency mortgage-backed securities 141,227 — 141,227 — Corporate securities: Fixed income securities 162,626 4,094 158,532 — Equity securities 30,848 30,848 — — Other (2) 11,303 — 11,303 — Total financial instruments sold, but not yet purchased $ 437,978 $ 126,916 $ 311,062 $ — (2) Includes sovereign debt and state and municipal securities.
Schedule Of Changes In Fair Value Associated With Level 3 Financial Instruments	Year Ended December 31, 2021 Financial instruments owned Investments Asset-Backed Securities Corporate Equity Loans Corporate Equity Auction Rate Other Balance at December 31, 2020 $ 9 $ — $ 11,275 $ — $ 12,933 $ 42,113 Unrealized gains/(losses) ( 3,002 ) — ( 68 ) ( 1,000 ) 124 654 Realized gains 9,485 — — — — — Purchases 68,104 — 23,600 3,000 — — Sales — — ( 7,725 ) ( 2,000 ) — — Redemptions ( 16,750 ) — — — ( 25 ) — Transfers into Level 3 6,930 225 — 5,754 — — Transfers out of Level 3 ( 70 ) — ( 225 ) — — ( 6,930 ) Net change 64,697 225 15,582 5,754 99 ( 6,276 ) Balance at December 31, 2021 $ 64,706 $ 225 $ 26,857 $ 5,754 $ 13,032 $ 35,837 Year Ended December 31, 2020 Financial instruments owned Investments Other (1) Corporate Equity Auction Rate Other Balance at December 31, 2019 $ 9,326 $ 1,060 $ 14,427 $ 853 Unrealized losses ( 3,126 ) — ( 1,494 ) ( 296 ) Realized losses ( 71 ) — — — Purchases 25,852 — — — Sales ( 20,000 ) — — ( 20 ) Redemptions ( 697 ) — — — Transfers into Level 3 — — — 41,576 Transfers out of Level 3 — ( 1,060 ) — — Net change 1,958 ( 1,060 ) ( 1,494 ) 41,260 Balance at December 31, 2020 $ 11,284 $ — $ 12,933 $ 42,113 (1) Includes asset-backed securities and loans.
Schedule Of Fair Value Of Financial Instruments	The following reflects the fair value of financial instruments as of December 31, 2021 and 2020, whether or not recognized in the consolidated statements of financial condition at fair value (in thousands) . December 31, 2021 December 31, 2020 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents $ 1,963,326 $ 1,963,326 $ 2,279,274 $ 2,279,274 Cash segregated for regulatory purposes 186,331 186,331 172,932 172,932 Securities purchased under agreements to resell 579,866 579,866 217,930 217,930 Financial instruments owned 1,157,004 1,157,004 694,028 694,028 Available-for-sale securities 2,113,893 2,113,893 2,230,297 2,230,297 Held-to-maturity securities 5,348,558 5,343,481 4,117,384 4,107,960 Bank loans 16,627,847 16,704,912 11,006,760 11,088,058 Loans held for sale 207,715 207,715 551,248 551,248 Investments 117,804 117,804 113,862 113,862 Derivative contracts (1) 52,129 52,129 — — Financial liabilities: Securities sold under agreements to repurchase $ 385,528 $ 385,528 $ 190,955 $ 190,955 Bank deposits 23,280,348 22,998,842 17,396,497 17,192,722 Financial instruments sold, but not yet purchased 756,150 756,150 437,978 437,978 Senior notes 1,113,478 1,218,344 1,112,409 1,265,669 Debentures to Stifel Financial Capital Trusts 60,000 46,340 60,000 41,071 Derivative contracts (2) 52,147 52,147 — — (1) Included in other assets in the consolidated statements of financial condition. (2) Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
Estimated Fair Values Of Financial Instruments Not Measured At Fair Value	The following tables present the estimated fair values of financial instruments not measured at fair value on a recurring basis as of December 31, 2021 and December 31, 2020 (in thousands) : December 31, 2021 Total Level 1 Level 2 Level 3 Financial assets: Cash $ 1,960,322 $ 1,960,322 $ — $ — Cash segregated for regulatory purposes 186,331 186,331 — — Securities purchased under agreements to resell 579,866 371,797 208,069 — Held-to-maturity securities 5,343,481 — 5,205,085 138,396 Bank loans 16,704,912 — 16,704,912 — Loans held for sale 207,715 — 207,715 — Financial liabilities: Securities sold under agreements to repurchase $ 385,528 $ 10,000 $ 375,528 $ — Bank deposits 22,998,842 — 22,998,842 — Senior notes 1,218,344 1,218,344 — — Debentures to Stifel Financial Capital Trusts 46,340 — — 46,340 December 31, 2020 Total Level 1 Level 2 Level 3 Financial assets: Cash $ 2,245,082 $ 2,245,082 $ — $ — Cash segregated for regulatory purposes 172,932 172,932 — — Securities purchased under agreements to resell 217,930 164,094 53,836 — Held-to-maturity securities 4,107,960 — 3,943,944 164,016 Bank loans 11,088,058 — 11,088,058 — Loans held for sale 551,248 — 551,248 — Financial liabilities: Securities sold under agreements to repurchase $ 190,955 $ — $ 190,955 $ — Bank deposits 17,192,722 — 17,192,722 — Senior notes 1,265,669 1,265,669 — — Debentures to Stifel Financial Capital Trusts 41,071 — — 41,071

Financial Instruments Owned A_2

Financial Instruments Owned And Financial Instruments Sold, But Not Yet Purchased (Tables)	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Components Of Trading Securities Owned And Trading Securities Sold, But Not Yet Purchased	The components of financial instruments owned and financial instruments sold, but not yet purchased, at December 31, 2021 and 2020, are as follows (in thousands) : December 31, 2021 2020 Financial instruments owned: U.S. government securities $ 10,774 $ 46,900 U.S. government agency securities 143,793 56,450 Agency mortgage-backed securities 335,050 216,434 Asset-backed securities 132,087 3,394 Corporate securities: Fixed income securities 255,999 194,575 Equity securities 75,056 67,593 State and municipal securities 162,335 96,150 Other (1) 41,910 12,532 $ 1,157,004 $ 694,028 Financial instruments sold, but not yet purchased: U.S. government securities $ 377,023 $ 91,974 U.S. government agency securities 37,395 — Agency mortgage-backed securities 156,628 141,227 Corporate securities: Fixed income securities 153,852 162,626 Equity securities 28,482 30,848 Other (2) 2,770 11,303 $ 756,150 $ 437,978 (1) Includes loans, non-agency mortgage-backed securities, and sovereign debt. (2) Includes sovereign debt and state and municipal securities.

Available-For-Sale And Held-T_2

Available-For-Sale And Held-To-Maturity Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Schedule Of Amortized Cost And Fair Values Of Available For Sale Securities And Held To Maturity Securities	The following tables provide a summary of the amortized cost and fair values of the available-for-sale securities and held-to-maturity securities at December 31, 2021 and 2020 (in thousands) : December 31, 2021 Amortized Gross (1) Gross (1) Fair Value Available-for-sale securities U.S. government agency securities $ 1,800 $ 8 $ — $ 1,808 State and municipal securities 2,372 27 — 2,399 Mortgage-backed securities: Agency 954,021 7,181 ( 9,016 ) 952,186 Commercial 72,765 1,220 — 73,985 Non-agency 564 4 — 568 Corporate fixed income securities 783,289 14,385 ( 5,781 ) 791,893 Asset-backed securities 289,702 3,581 ( 2,229 ) 291,054 $ 2,104,513 $ 26,406 $ ( 17,026 ) $ 2,113,893 Held-to-maturity securities (2) Asset-backed securities $ 5,348,558 $ 7,659 $ ( 12,736 ) $ 5,343,481 December 31, 2020 Amortized Gross (1) Gross (1) Fair Value Available-for-sale securities U.S. government agency securities $ 4,293 $ 68 $ — $ 4,361 State and municipal securities 2,395 58 — 2,453 Mortgage-backed securities: Agency 777,025 16,401 ( 16 ) 793,410 Commercial 91,237 4,376 — 95,613 Non-agency 4,550 28 ( 9 ) 4,569 Corporate fixed income securities 604,662 27,096 — 631,758 Asset-backed securities 700,177 3,522 ( 5,566 ) 698,133 $ 2,184,339 $ 51,549 $ ( 5,591 ) $ 2,230,297 Held-to-maturity securities (2) Asset-backed securities 4,117,384 8,111 ( 17,535 ) 4,107,960 (1) Unrealized gains/(losses) related to available-for-sale securities are reported in accumulated other comprehensive income. (2) Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.
Schedule Of Amortized Cost And Fair Values Of Debt Securities By Contractual Maturity	The table below summarizes the amortized cost and fair values of our securities by contractual maturity (in thousands) . Expected maturities may differ significantly from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2021 December 31, 2020 Amortized Fair Value Amortized Fair Value Available-for-sale securities Within one year $ 36,671 $ 36,899 $ 143,462 $ 144,362 After one year through three years 217,606 222,942 134,040 137,625 After three years through five years 192,271 196,380 247,907 266,139 After five years through ten years 455,429 455,848 429,921 435,111 After ten years 1,202,536 1,201,824 1,229,009 1,247,060 $ 2,104,513 $ 2,113,893 $ 2,184,339 $ 2,230,297 Held-to-maturity securities After three years through five years 2,825 2,825 17,460 17,460 After five years through ten years 2,282,162 2,278,597 1,932,439 1,926,425 After ten years 3,063,571 3,062,059 2,167,485 2,164,075 $ 5,348,558 $ 5,343,481 $ 4,117,384 $ 4,107,960
Contractual Maturities	The maturities of our available-for-sale (fair value) and held-to-maturity (amortized cost) securities at December 31, 2021, are as follows (in thousands) : Within 1 1-5 Years 5-10 Years After 10 Total Available-for-sale securities (1) U.S. government agency securities $ 1,808 $ — $ — $ — $ 1,808 State and municipal securities — — 2,399 — 2,399 Mortgage-backed securities: Agency 58 102 57,163 894,863 952,186 Commercial — — — 73,985 73,985 Non-agency — — 568 — 568 Corporate fixed income securities 35,033 419,220 337,640 — 791,893 Asset-backed securities — — 58,078 232,976 291,054 $ 36,899 $ 419,322 $ 455,848 $ 1,201,824 $ 2,113,893 Held-to-maturity securities Asset-backed securities $ — $ 2,825 $ 2,282,162 $ 3,063,571 $ 5,348,558 (1) Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
Schedule Of Gross Unrealized Losses And The Estimated Fair Value By Length Of Time	The following table shows the gross unrealized losses and fair value of the Company’s investment securities with unrealized losses, aggregated by investment category and length of time the individual investment securities have been in continuous unrealized loss positions, at December 31, 2021 (in thousands) : Less than 12 months 12 months or more Total Gross Fair Value Gross Fair Value Gross Fair Value Available-for-sale securities Agency mortgage-backed securities $ ( 5,833 ) $ 499,332 $ ( 3,183 ) $ 104,035 $ ( 9,016 ) $ 603,367 Corporate fixed income securities ( 5,781 ) 305,324 — — ( 5,781 ) 305,324 Asset-backed securities ( 1,933 ) 117,388 ( 296 ) 35,800 ( 2,229 ) 153,188 $ ( 13,547 ) $ 922,044 $ ( 3,479 ) $ 139,835 $ ( 17,026 ) $ 1,061,879
Schedule Of Amortized Cost Of Held-To-Maturity Securities By Credit Quality Indicator	The following table shows the amortized cost of our held-to-maturity securities by credit quality indicator at December 31, 2021 (in thousands) : AAA AA A C Total Held-to-maturity securities Asset-backed securities $ 976,695 $ 4,364,523 $ 5,000 $ 2,340 $ 5,348,558

Bank Loans (Tables)

Bank Loans (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule Of Balance And Associated Percentage Of Each Major Loan Category In Bank Loan Portfolio	December 31, 2021 December 31, 2020 Balance Percent Balance Percent Commercial and industrial $ 7,345,753 43.9 % $ 4,296,089 38.5 % Residential real estate 5,482,026 32.7 3,956,670 35.4 Securities-based loans 2,880,158 17.2 1,933,974 17.3 Construction and land 511,084 3.1 501,681 4.5 Commercial real estate 409,847 2.4 366,485 3.3 Home equity lines of credit 82,508 0.5 75,507 0.7 Other 32,111 0.2 40,407 0.3 Gross bank loans 16,743,487 100.0 % 11,170,813 100.0 % Unamortized loan discount, net ( 150 ) ( 1,822 ) Loans in process ( 10,134 ) ( 48,222 ) Unamortized loan fees, net ( 6,012 ) ( 1,980 ) Allowance for loan losses ( 99,344 ) ( 112,029 ) Loans held for investment, net $ 16,627,847 $ 11,006,760
Activity In The Allowance For Loan Losses By Portfolio Segment	The following table details activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2021 and 2020 (in thousands) . Year Ended December 31, 2021 Beginning Provision Charge- Recoveries Ending Commercial and industrial $ 67,222 $ ( 8,462 ) $ ( 5,232 ) $ 1 $ 53,529 Residential real estate 16,300 12,260 — — 28,560 Construction and land 17,275 ( 8,739 ) — — 8,536 Securities-based loans 2,015 1,991 — — 4,006 Commercial real estate 8,580 ( 4,646 ) — — 3,934 Home equity lines of credit 374 137 — — 511 Other 263 5 — — 268 $ 112,029 $ ( 7,454 ) $ ( 5,232 ) $ 1 $ 99,344 Year Ended December 31, 2020 Beginning CECL Adoption Provision Charge- Recoveries Ending Commercial and industrial $ 69,949 $ ( 19,940 ) $ 17,341 $ ( 153 ) $ 25 $ 67,222 Construction and land 4,613 2,674 9,988 — — 17,275 Residential real estate 14,253 3,499 ( 1,452 ) — — 16,300 Commercial real estate 3,564 791 4,225 — — 8,580 Securities-based loans 2,361 1,346 ( 1,692 ) — — 2,015 Home equity lines of credit 442 39 ( 195 ) — 88 374 Other 397 ( 145 ) 49 ( 40 ) 2 263 $ 95,579 $ ( 11,736 ) $ 28,264 $ ( 193 ) $ 115 $ 112,029
Aging Of The Recorded Investment In Past Due Loans	December 31, 2021 30-89 90 or More Total Past Current Total Commercial and industrial $ 9,290 $ 6,571 $ 15,861 $ 7,329,892 7,345,753 Residential real estate 6,194 1,332 7,526 5,474,500 5,482,026 Securities-based loans — — — 2,880,158 2,880,158 Construction and land — — — 511,084 511,084 Commercial real estate — 1 1 409,846 409,847 Home equity lines of credit — — — 82,508 82,508 Other 44 — 44 32,067 32,111 Total $ 15,528 $ 7,904 $ 23,432 $ 16,720,055 $ 16,743,487 December 31, 2021 * Nonaccrual Restructured Nonperforming loans with no allowance Total Commercial and industrial $ 15,861 $ — $ — $ 15,861 Residential real estate 1,332 154 — 1,486 Commercial real estate — — 1 1 Total $ 17,193 $ 154 $ 1 $ 17,348 * There were no loans past due 90 days and still accruing interest at December 31, 2021. December 31, 2020 30 - 89 90 or More Total Past Current Total Commercial and industrial $ 14 $ 12,237 $ 12,251 $ 4,283,838 4,296,089 Residential real estate 4,554 1,249 5,803 3,950,867 3,956,670 Securities-based loans — — — 1,933,974 1,933,974 Construction and land — — — 501,681 501,681 Commercial real estate — 144 144 366,341 366,485 Home equity lines of credit 12 — 12 75,495 75,507 Other 31 — 31 40,376 40,407 Total $ 4,611 $ 13,630 $ 18,241 $ 11,152,572 $ 11,170,813 December 31, 2020 * Nonaccrual Restructured Nonperforming loans with no allowance Total Commercial and industrial $ 12,251 $ — $ — $ 12,251 Residential real estate — 158 1,249 1,407 Commercial real estate 144 — — 144 Total $ 12,395 $ 158 $ 1,249 $ 13,802 * There were no loans past due 90 days and still accruing interest at December 31, 2020.
Risk Category Of Loan Portfolio	December 31, 2021 Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 7,193,435 $ 38,000 $ 107,747 $ 6,571 $ 7,345,753 Residential real estate 5,480,693 — 84 1,249 5,482,026 Securities-based loans 2,880,158 — — — 2,880,158 Construction and land 476,844 14,240 20,000 — 511,084 Commercial real estate 407,298 2,548 — 1 409,847 Home equity lines of credit 82,479 29 — — 82,508 Other 32,111 — — — 32,111 Total $ 16,553,018 $ 54,817 $ 127,831 $ 7,821 $ 16,743,487 December 31, 2020 Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 3,995,351 $ 105,759 $ 182,728 $ 12,251 $ 4,296,089 Residential real estate 3,955,421 — — 1,249 3,956,670 Securities-based loans 1,933,974 — — — 1,933,974 Construction and land 467,441 14,240 20,000 — 501,681 Commercial real estate 356,008 10,333 — 144 366,485 Home equity lines of credit 75,507 — — — 75,507 Other 40,407 — — — 40,407 Total $ 10,824,109 $ 130,332 $ 202,728 $ 13,644 $ 11,170,813
Schedule of Term Loans Amortized Cost Basis by Origination Year and Revolving Cost Amortized Cost Basis	Term Loans Amortized Cost Basis by Origination Year – December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Commercial and industrial: Pass $ 1,811,189 $ 370,279 $ 319,732 $ 450,087 $ 239,314 $ 287,333 $ 3,715,501 $ 7,193,435 Special Mention — — 30,000 8,000 — — — 38,000 Substandard — 515 27,227 55,521 11,850 7,716 4,918 107,747 Doubtful — — — — 6,571 — — 6,571 $ 1,811,189 $ 370,794 $ 376,959 $ 513,608 $ 257,735 $ 295,049 $ 3,720,419 $ 7,345,753 Residential real estate: Pass $ 2,732,407 $ 1,234,315 $ 579,526 $ 241,934 $ 199,960 $ 492,551 $ — $ 5,480,693 Special Mention — — — — — — — — Substandard — — — — — 84 — 84 Doubtful — — — 149 1,100 — 1,249 $ 2,732,407 $ 1,234,315 $ 579,526 $ 241,934 $ 200,109 $ 493,735 $ — $ 5,482,026 Securities-based loans: Pass $ 73,341 $ 41,618 $ 92,278 $ — $ 140 $ 10,172 $ 2,662,609 $ 2,880,158 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 73,341 $ 41,618 $ 92,278 $ — $ 140 $ 10,172 $ 2,662,609 $ 2,880,158 Construction and land: Pass $ 33,187 $ 127,479 $ 182,290 $ 65,880 $ 61,858 $ 6,150 $ — $ 476,844 Special Mention — — — 14,240 — — — 14,240 Substandard — — — 20,000 — — — 20,000 Doubtful — — — — — — — — $ 33,187 $ 127,479 $ 182,290 $ 100,120 $ 61,858 $ 6,150 $ — $ 511,084 Commercial real estate: Pass $ 123,920 $ 73,157 $ 142,304 $ 22,199 $ 36,014 $ 9,704 $ — $ 407,298 Special Mention — — — — — 2,548 — 2,548 Substandard — — — — — — — — Doubtful — — — 1 — — — 1 $ 123,920 $ 73,157 $ 142,304 $ 22,200 $ 36,014 $ 12,252 $ — $ 409,847 Home equity lines of credit: Pass $ — $ — $ — $ — $ — $ — $ 82,479 $ 82,479 Special Mention — — — — — — 29 29 Substandard — — — — — — — — Doubtful — — — — — — — — $ — $ — $ — $ — $ — $ — $ 82,508 $ 82,508 Other: Pass $ 782 $ 10,000 $ — $ 286 $ — $ 19,156 $ 1,887 $ 32,111 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 782 $ 10,000 $ — $ 286 $ — $ 19,156 $ 1,887 $ 32,111

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Summary Of Fixed Assets	The following is a summary of fixed assets as of December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 Office equipment $ 354,292 $ 323,841 Leasehold improvements 113,576 105,187 Building 65,327 62,803 533,195 491,831 Accumulated depreciation and amortization ( 364,989 ) ( 323,916 ) $ 168,206 $ 167,915

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Carrying Amount Of Goodwill And Intangible Assets	The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands) : December 31, Adjustments Write-off December 31, Goodwill Global Wealth Management $ 335,009 $ — $ — $ 335,009 Institutional Group 846,989 124,894 — 971,883 $ 1,181,998 $ 124,894 $ — $ 1,306,892 December 31, Adjustments Amortization December 31, Intangible assets Global Wealth Management $ 44,671 $ — $ ( 5,787 ) $ 38,884 Institutional Group 96,313 25,361 ( 12,401 ) 109,273 $ 140,984 $ 25,361 $ ( 18,188 ) $ 148,157
Intangible Assets	Intangible assets as of December 31, 2021 and 2020, were as follows (in thousands) : December 31, 2021 December 31, 2020 Gross Accumulated Gross Accumulated Customer relationships $ 225,900 $ 97,054 $ 202,342 $ 85,152 Trade names 30,359 17,694 28,659 15,660 Non-compete agreements 9,240 5,684 9,240 4,229 Core deposits 8,615 6,277 8,615 4,809 Investment banking backlog 4,245 3,680 4,245 2,734 Acquired technology 840 653 840 373 $ 279,199 $ 131,042 $ 253,941 $ 112,957
Amortization Expense In Future Periods	As of December 31, 2021, we expect amortization expense in future periods to be as follows (in thousands) : Fiscal year 2022 $ 19,417 2023 16,181 2024 15,393 2025 13,358 2026 12,895 Thereafter 68,795 $ 146,039

Senior Notes (Tables)

Senior Notes (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Summary of Senior Notes	The following table summarizes our senior notes as of December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 4.25 % senior notes, due 2024 (1) $ 500,000 $ 500,000 4.00 % senior notes, due 2030 (2) 400,000 400,000 5.20 % senior notes, due 2047 (3) 225,000 225,000 1,125,000 1,125,000 Debt issuance costs, net ( 11,522 ) ( 12,591 ) Senior notes, net $ 1,113,478 $ 1,112,409 (1) In July 2014, we sold in a registered underwritten public offering, $ 300.0 million in aggregate principal amount of 4.25 % senior notes due July 2024 . Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to 100 % of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption. In July 2016, we issued an additional $ 200.0 million in aggregate principal amount of 4.25% senior notes due 2024. (2) In May 2020, we sold in a registered underwritten public offering, $ 400.0 million in aggregate principal amount of 4.00 % senior notes due May 2030 . Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to the greater of a) 100 % of their principal amount, or b) discounted present value at Treasury rate plus 50 basis points prior to February 15, 2030, and on or after February 15, 2030, at 100 % of their principal amount, and accrued and unpaid interest, if any, to the date of redemption. (3) In October 2017, we completed the pricing of a registered underwritten public offering of $ 200.0 million in aggregate principal amount of 5.20 % senior notes due October 2047 . Interest on the senior notes is payable quarterly in arrears. On or after October 15, 2022, we may redeem some or all of the senior notes at any time at a redemption price equal to 100 % of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date. On October 27, 2017, we completed the sale of an additional $ 25.0 million aggregate principal amount of Notes pursuant to the over-allotment option.
Schedule of Corporate Date Maturity	Our senior notes mature as follows, based upon contractual terms (in thousands) : 2022 $ — 2023 — 2024 500,000 2025 — 2026 — Thereafter 625,000 $ 1,125,000

Bank Deposits (Tables)

Bank Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Schedule of Deposits	Deposits consist of interest-bearing-demand deposits (primarily money market and savings accounts), non-interest-bearing demand deposits, and certificates of deposit. Deposits at December 31, 2021 and 2020, were as follows (in thousands) : December 31, 2021 2020 Demand deposits (interest-bearing) $ 22,626,560 $ 16,886,953 Demand deposits (non-interest-bearing) 626,633 411,890 Certificates of deposit 27,155 97,654 $ 23,280,348 $ 17,396,497
Schedule of Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit at December 31, 2021 and 2020, were as follows (in thousands) : December 31, 2021 2020 Certificates of deposit, less than $100,000: Within one year $ 159 $ 2,719 One to three years 14 409 Three to five years — 254 $ 173 $ 3,382 Certificates of deposit, $100,000 and greater: Within one year $ 20,098 $ 63,650 One to three years 6,884 30,622 Three to five years — — 26,982 94,272 $ 27,155 $ 97,654

Debentures To Stifel Financia_2

Debentures To Stifel Financial Capital Trusts (Tables)	12 Months Ended
	Dec. 31, 2021
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust [Abstract]
Debentures To Stifel Financial Capital Trusts	The following table summarizes our debentures to Stifel Financial Capital Trusts as of December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 Debenture to Stifel Financial Capital Trust II (1) $ 20,000 $ 20,000 Debenture to Stifel Financial Capital Trust III (2) 35,000 35,000 Debenture to Stifel Financial Capital Trust IV (3) 5,000 5,000 $ 60,000 $ 60,000 (1) On August 12, 2005, we completed a private placement of $ 35.0 million of 6.38 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust II (the “Trust II”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 30, 2035 , but may be redeemed by our company, and in turn, the Trust II would call the debenture beginning September 30, 2010 . The Trust II requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.70 % per annum . During 2016, we extinguished $ 15.0 million of the Trust II debentures. (2) On March 30, 2007, we completed a private placement of $ 35.0 million of 6.79 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust III (the “Trust III”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on June 6, 2037 , but may be redeemed by our company, and in turn, Trust III would call the debenture beginning June 6, 2012 . Trust III requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85 % per annum . (3) On June 28, 2007, we completed a private placement of $ 35.0 million of 6.78 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust IV (the “Trust IV”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 6, 2037 , but may be redeemed by our company, and in turn, Trust IV would call the debenture beginning September 6, 2012 . Trust IV requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85 % per annum .

Disclosures About Offsetting _2

Disclosures About Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Offsetting [Abstract]
Financial Assets and Derivative Assets that are Subject to Offset	The following table provides information about financial assets and derivative assets that are subject to offset as of December 31, 2021 and 2020 (in thousands) : As of December 31, 2021 Securities borrowing (1) Reverse repurchase agreements (2) Interest rate contracts (3) Total Gross amounts of recognized assets $ 260,586 $ 579,866 $ 52,129 $ 892,581 Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition 260,586 579,866 52,129 892,581 Gross amounts not offset in the statement of financial condition: Amounts available for offset ( 40,259 ) ( 52,413 ) ( 25,149 ) ( 117,821 ) Available collateral ( 208,720 ) ( 525,843 ) ( 26,980 ) ( 761,543 ) Net amount $ 11,607 $ 1,610 $ — $ 13,217 As of December 31, 2020 Securities borrowing (1) Reverse repurchase agreements (2) Total Gross amounts of recognized assets $ 313,131 $ 217,930 $ 531,061 Gross amounts offset in the statement of financial condition — — — Net amounts presented in the statement of financial condition 313,131 217,930 531,061 Gross amounts not offset in the statement of financial condition: Amounts available for offset ( 46,183 ) ( 17,992 ) ( 64,175 ) Available collateral ( 244,578 ) ( 199,110 ) ( 443,688 ) Net amount $ 22,370 $ 828 $ 23,198 (1) Securities borrowing transactions are included in receivables from brokers, dealers, and clearing organizations on the consolidated statements of financial condition. See Note 4 in the notes to consolidated financial statements for additional information on receivables from brokers, dealers, and clearing organizations. (2) Available collateral includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities received as collateral was $ 578.1 million and $ 217.3 million at December 31, 2021 and 2020, respectively. (3) Available collateral includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities received as collateral was $ 95.5 million at December 31, 2021.
Financial Liabilities and Derivative Liabilities that are Subject to Offset	The following table provides information about financial liabilities and derivative liabilities that are subject to offset as of December 31, 2021 and 2020 (in thousands) : As of December 31, 2021 Securities lending (4) Repurchase agreements (5) Interest rate contracts (6) Total Gross amounts of recognized liabilities $ ( 149,219 ) $ ( 385,528 ) $ ( 52,147 ) $ ( 586,894 ) Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition ( 149,219 ) ( 385,528 ) ( 52,147 ) ( 586,894 ) Gross amounts not offset in the statement of financial condition: Amounts available for offset 40,259 52,413 25,149 117,821 Collateral pledged 108,955 333,115 26,998 469,068 Net amount $ ( 5 ) $ — $ — $ ( 5 ) As of December 31, 2020 Securities lending (4) Repurchase agreements (5) Total Gross amounts of recognized liabilities $ ( 145,124 ) $ ( 190,955 ) $ ( 336,079 ) Gross amounts offset in the statement of financial condition — — — Net amounts presented in the statement of financial condition ( 145,124 ) ( 190,955 ) ( 336,079 ) Gross amounts not offset in the statement of financial condition: Amounts available for offset 46,183 17,992 64,175 Collateral pledged 98,925 172,963 271,888 Net amount $ ( 16 ) $ — $ ( 16 ) (4) Securities lending transactions are included in payables to brokers, dealers, and clearing organizations on the consolidated statements of financial condition. See Note 4 in the notes to consolidated financial statements for additional information on payables to brokers, dealers, and clearing organizations. (5) Collateral pledged includes the fair value of securities pledged by our company to the counterparty. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counterparty includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $ 392.7 million and $ 200.2 million at December 31, 2021 and 2020, respectively. (6) Collateral pledged includes the fair value of securities pledged by our company to the counterparty. The fair value of collateral pledged was $ 35.7 million at December 31, 2021.

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2021
Regulatory Capital Requirements [Abstract]
Schedule Of Total Risk-Based, Tier 1 Risk-Based, And Tier 1 Leverage Ratios	The amounts and ratios for Stifel Financial Corp., Stifel Bank & Trust, and Stifel Bank as of December 31, 2021, are represented in the tables below (in thousands, except ratios) . Actual For Capital To Be Well Capitalized Stifel Financial Corp. Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 2,938,954 15.2 % $ 871,484 4.5 % $ 1,258,811 6.5 % Tier 1 capital 3,623,954 18.7 % 1,161,979 6.0 % 1,549,306 8.0 % Total capital 3,788,860 19.6 % 1,549,306 8.0 % 1,936,632 10.0 % Tier 1 leverage 3,623,954 11.7 % 1,237,181 4.0 % 1,546,477 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank & Trust Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 1,274,994 10.6 % $ 540,060 4.5 % $ 780,086 6.5 % Tier 1 capital 1,274,994 10.6 % 720,080 6.0 % 960,106 8.0 % Total capital 1,380,984 11.5 % 960,106 8.0 % 1,200,133 10.0 % Tier 1 leverage 1,274,994 7.1 % 720,241 4.0 % 900,301 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 302,231 13.8 % $ 98,875 4.5 % $ 142,819 6.5 % Tier 1 capital 302,231 13.8 % 131,833 6.0 % 175,777 8.0 % Total capital 310,902 14.1 % 175,777 8.0 % 219,722 10.0 % Tier 1 leverage 302,231 7.1 % 171,158 4.0 % 213,947 5.0 %

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Lessee Disclosure [Abstract]
Schedule of Net Lease Cost	The table below summarizes our net lease cost for the years ended December 31, 2021 and 2020 (in thousands) : Year Ended December 31, 2021 2020 Operating lease cost $ 102,652 $ 102,595 Short-term lease cost 505 502 Variable lease cost 1,076 68 Sublease income ( 2,560 ) ( 3,894 ) Net lease cost $ 101,673 $ 99,271 The table below summarizes other information related to our operating leases as of and for the year ended December 31, 2021 (in thousands) : Operating lease cash flows $ 100,330 Right-of-use assets obtained in exchange for new operating lease liabilities $ 41,304 Weighted average remaining lease term 11.5 years Weighted average discount rate 4.12 %
Schedule of Information About Operating Lease Liabilities	The table below presents information about operating lease liabilities as of December 31, 2021, (in thousands, except percentages) : 2022 $ 99,713 2023 97,969 2024 96,241 2025 94,634 2026 92,809 Thereafter 532,614 Total undiscounted lease payments 1,013,980 Imputed interest ( 214,881 ) Total operating lease liabilities $ 799,099

Revenues From Contracts With _2

Revenues From Contracts With Customers (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer [Abstract]
Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenues	The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenues for the years ended December 31, 2021 and 2020 (in thousands) : Year Ended December 31, 2021 2020 Revenues from contracts with customers: Commissions $ 809,500 $ 760,627 Investment banking 1,565,381 952,308 Asset management 1,206,516 917,424 Other 34,239 48,529 Total revenue from contracts with customers 3,615,636 2,678,888 Other sources of revenue: Interest 548,400 523,832 Principal transactions 581,164 588,303 Other 37,886 26,816 Total revenues $ 4,783,086 $ 3,817,839
Revenues from Contracts with Customers Disaggregated by Major Business Activity and Primary Geographic Regions	The following tables present the Company’s revenues from contracts with customers by reportable segment disaggregated by major business activity and primary geographic regions for the years ended December 31, 2021 and 2020 (in thousands) : Year Ended December 31, 2021 Global Wealth Management Institutional Group Other Total Major business activity: Commissions $ 567,491 $ 242,009 $ — $ 809,500 Capital raising (1) 48,210 661,088 — 709,298 Advisory (1) — 856,083 — 856,083 Investment banking 48,210 1,517,171 — 1,565,381 Asset management 1,206,406 110 — 1,206,516 Other 32,414 — 1,825 34,239 Total 1,854,521 1,759,290 1,825 3,615,636 Primary Geographic Region: United States 1,854,521 1,433,213 1,825 3,289,559 United Kingdom — 188,984 — 188,984 Canada — 93,068 — 93,068 Other — 44,025 — 44,025 $ 1,854,521 $ 1,759,290 $ 1,825 $ 3,615,636 Year Ended December 31, 2020 Global Wealth Management Institutional Group Other Total Major business activity: Commissions $ 513,247 $ 247,380 $ — $ 760,627 Capital raising (1) 36,005 488,152 — 524,157 Advisory (1) 19 428,132 — 428,151 Investment banking 36,024 916,284 — 952,308 Asset management 917,353 71 — 917,424 Other 45,438 — 3,091 48,529 Total 1,512,062 1,163,735 3,091 2,678,888 Primary Geographic Region: United States 1,512,062 940,272 3,091 2,455,425 United Kingdom — 143,960 — 143,960 Canada — 40,446 — 40,446 Other — 39,057 — 39,057 $ 1,512,062 $ 1,163,735 $ 3,091 $ 2,678,888 (1) Excludes revenues not derived from contracts with customers in the Other segment.

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Banking And Thrift Interest [Abstract]
Components of Interest Income and Interest Expense	The components of interest income and interest expense are as follows (in thousands) : Year Ended December 31, 2021 2020 2019 Interest income: Loans held for investment, net $ 378,086 $ 331,813 $ 379,848 Investment securities 129,858 149,915 231,021 Margin balances 25,780 28,155 52,008 Financial instruments owned 15,041 12,594 23,528 Other ( 365 ) 1,355 38,477 $ 548,400 $ 523,832 $ 724,882 Interest expense: Senior notes $ 47,500 $ 54,063 $ 44,507 Bank deposits 4,510 14,550 95,813 Other ( 6,012 ) ( 2,835 ) 37,611 $ 45,998 $ 65,778 $ 177,931

Employee Incentive, Deferred _2

Employee Incentive, Deferred Compensation, And Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Share Based Compensation Allocation And Classification In Financial Statements [Abstract]
Unvested Stock Award Activity	A summary of unvested restricted equity award activity, which includes restricted stock units and restricted stock awards, for the year ended December 31, 2021, is presented below (in thousands, except weighted-average fair value) : Weighted-average grant date fair value Unvested December 31, 2020 17,929 $ 33.61 Granted 4,117 61.67 Vested ( 4,274 ) 34.02 Cancelled ( 246 ) 34.70 Unvested December 31, 2021 17,526 $ 40.09

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Provision For Income Taxes/(Benefit)	The provision for income taxes consists of the following (in thousands) : Year Ended December 31, 2021 2020 2019 Current taxes: Federal $ 167,258 $ 143,859 $ 123,802 State 39,911 42,705 30,464 Foreign 2,950 ( 236 ) 1,684 210,119 186,328 155,950 Deferred taxes: Federal 19,747 ( 31,019 ) ( 7,027 ) State 5,640 ( 5,803 ) 4,266 Foreign 6,717 ( 1,818 ) ( 4,037 ) 32,104 ( 38,640 ) ( 6,798 ) Provision for income taxes $ 242,223 $ 147,688 $ 149,152
Reconciliation Of The Statutory Federal Income Tax With The Company's Effective Tax Rate	Reconciliation of the statutory federal income tax rate with our company’s effective income tax rate is as follows (in thousands) : Year Ended December 31, 2021 2020 2019 Statutory rate $ 224,087 $ 136,744 $ 125,485 State income taxes, net of federal income tax 37,169 27,934 28,333 Change in uncertain tax position 841 666 2,661 Foreign tax rate difference 125 ( 2,032 ) ( 629 ) Excess tax benefit from stock-based compensation ( 32,004 ) ( 21,605 ) ( 9,670 ) Non-deductible business expenses 9,732 7,957 8,390 Other, net 2,273 ( 1,976 ) ( 5,418 ) $ 242,223 $ 147,688 $ 149,152
Deferred Tax Assets And Liabilities	Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in thousands) : December 31, 2021 2020 Deferred tax assets: Lease liabilities $ 187,576 $ 211,524 Deferred compensation 79,081 79,068 Accrued expenses 46,539 73,835 Receivable reserves 38,432 41,963 Net operating loss carryforwards 24,837 32,727 Depreciation 1,302 — Other 4,155 3,311 Total deferred tax assets 381,922 442,428 Valuation allowance ( 14,515 ) ( 11,740 ) 367,407 430,688 Deferred tax liabilities: Lease ROU asset ( 186,168 ) ( 210,670 ) Goodwill and other intangibles ( 54,887 ) ( 51,189 ) Unrealized gain on investments ( 7,841 ) ( 11,585 ) Prepaid expenses ( 7,228 ) ( 5,396 ) Depreciation — ( 15,371 ) ( 256,124 ) ( 294,211 ) Net deferred tax asset $ 111,283 $ 136,477
Unrecognized Tax Benefits	The following table summarizes the activity related to our company’s unrecognized tax benefits from January 1, 2019 to December 31, 2021 (in thousands) : Year Ended December 31, 2021 2020 2019 Beginning balance $ 3,962 $ 3,387 $ 312 Increase related to prior year tax positions 2,719 977 2,173 Decrease related to prior year tax positions ( 119 ) ( 11 ) ( 54 ) Increase related to current year tax positions 745 790 956 Decrease related to settlements with taxing authorities ( 2,370 ) ( 1,181 ) — Decrease related to lapsing of statute of limitations ( 13 ) — — Ending balance $ 4,924 $ 3,962 $ 3,387

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule Of Operating Information, Segment	Information concerning operations in these segments of business for the years ended December 31, 2021, 2020, and 2019, is as follows (in thousands) : Year Ended December 31, 2021 2020 2019 Net revenues: (1) Global Wealth Management $ 2,598,837 $ 2,190,826 $ 2,130,559 Institutional Group 2,152,439 1,583,147 1,214,017 Other ( 14,188 ) ( 21,912 ) ( 7,546 ) $ 4,737,088 $ 3,752,061 $ 3,337,030 Income/(loss) before income taxes: Global Wealth Management $ 914,953 $ 725,884 $ 785,960 Institutional Group 558,937 325,285 175,670 Other ( 406,809 ) ( 400,009 ) ( 362,492 ) $ 1,067,081 $ 651,160 $ 599,138 (1) No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2021, 2020, and 2019.
Schedule Of Information Of Total Assets On Segment Basis	The following table presents our company’s total assets on a segment basis at December 31, 2021 and 2020 (in thousands) : December 31, 2021 2020 Global Wealth Management $ 28,219,800 $ 21,743,202 Institutional Group 5,151,841 3,733,661 Other 678,074 1,127,391 $ 34,049,715 $ 26,604,254
Schedule Of Net Revenues Earned On Major Geographical Areas	Revenues, classified by the major geographic areas in which they were earned for the years ended December 31, 2021, 2020, and 2019, were as follows (in thousands): Year Ended December 31, 2021 2020 2019 United States $ 4,332,743 $ 3,460,930 $ 3,154,285 United Kingdom 239,559 197,859 163,552 Canada 109,285 39,893 2,115 Other 55,501 53,379 17,078 $ 4,737,088 $ 3,752,061 $ 3,337,030

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2021, 2020, and 2019 (in thousands, except per share data) : Year Ended December 31, 2021 2020 2019 Net income applicable to Stifel Financial Corp. $ 824,858 $ 503,472 $ 448,396 Preferred dividends 35,587 27,261 17,319 Net income available to common shareholders $ 789,271 $ 476,211 $ 431,077 Shares for basic and diluted calculation: Average shares used in basic computation 107,536 106,174 107,997 Dilutive effect of stock options and units (1) 10,994 8,399 9,881 Average shares used in diluted computation 118,530 114,573 117,878 Earnings per common share: Basic $ 7.34 $ 4.49 $ 3.99 Diluted $ 6.66 $ 4.16 $ 3.66 (1) Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include units.

Nature of Operations And Basi_2

Nature of Operations And Basis of Presentation (Details)	Nov. 11, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Stock dividend	50.00%
Stock split description	On November 11, 2020, our Board approved a 50% stock dividend, in the form of a three-for-two stock split, of our common stock paid on December 16, 2020, to shareholders of record as of December 2, 2020.
Stock split, conversion ratio	1.5

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Details) - USD ($)	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Loan impairment threshold period		90 days
Threshold of reporting unit goodwill carrying value for further analysis		$ 0
Goodwill impairment charges		0
Allowance for doubtful accounts		19,600,000	$ 18,700,000
Incremental payments due upon termination of contract		0
Operating lease right-of-use assets, net		750,734,000	793,181,000
Lease liabilities		$ 799,099,000	$ 839,800,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Accounts payable and accrued expenses	Accounts payable and accrued expenses
Office Equipment [Member] | Minimum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Fixed assets, Useful life		2 years
Office Equipment [Member] | Maximum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Fixed assets, Useful life		7 years
Building and Building Improvements [Member] | Minimum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Fixed assets, Useful life		3 years
Building and Building Improvements [Member] | Maximum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Fixed assets, Useful life		39 years
ASU 2016-13 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Increase in allowance for credit losses	$ 10,400,000	$ 10,400,000
ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative adjustments for accounting changes		$ 7,800,000
ASU 2017-08 [Member] | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative adjustments for accounting changes				$ 4,400,000
ASU 2016-02 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right-of-use assets, net				$ 670,000,000
Operating Lease Right-of-Use Assets Statement of Financial Position [Extensible Enumeration]				Property Plant And Equipment Net
Lease liabilities				$ 670,000,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]				Accounts payable and accrued expenses
ASU 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative adjustments for accounting changes				$ 6,700,000

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions	Nov. 01, 2021	Sep. 03, 2019	Jul. 01, 2019	Dec. 31, 2020	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill				$ 1,181,998	$ 1,306,892
Institutional Group [Member]
Business Acquisition [Line Items]
Goodwill				846,989	971,883
Vining Sparks [Member]
Business Acquisition [Line Items]
Date of acquisition	Nov. 1, 2021
Shares issued as part of the consideration	1.2
Payments to Acquire Intangible Assets	$ 25,400
Vining Sparks [Member] | Institutional Group [Member]
Business Acquisition [Line Items]
Goodwill	$ 124,600
B&F Capital Markets, Inc. [Member]
Business Acquisition [Line Items]
Date of acquisition		Sep. 3, 2019
Period of contingent consideration		5 years
Liability for earn-out payments				$ 16,000	10,500
Mooreland Partners [Member]
Business Acquisition [Line Items]
Date of acquisition				Jul. 1, 2019
Period of contingent consideration			3 years
Liability for earn-out payments				$ 13,000	18,500
Additional liability for earn-out payments					$ 13,500

Receivables From And Payables_3

Receivables From And Payables To Brokers, Dealers And Clearing Organizations (Amounts Receivable From Brokers, Dealers, And Clearing Organizations) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Due To And From Broker Dealers And Clearing Organizations [Abstract]
Receivables from clearing organizations	$ 278,482	$ 229,070
Deposits paid for securities borrowed	260,586	313,131
Securities failed to deliver	35,188	7,291
Receivables from brokers, dealers and clearing organizations, Total	$ 574,256	$ 549,492

Receivables From And Payables_4

Receivables From And Payables To Brokers, Dealers And Clearing Organizations (Amounts Payable To Brokers, Dealers, And Clearing Organizations) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Due To And From Broker Dealers And Clearing Organizations [Abstract]
Deposits received from securities loaned	$ 149,219	$ 145,124
Securities failed to receive	64,170	7,273
Payable to clearing organizations	44,340	25,540
Payables to broker, dealers and clearing organizations, Total	$ 257,729	$ 177,937

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments (Schedule Of Fair Value Of Investments In And Unfunded Commitments To Funds Measured At Net Asset Value) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	$ 26,062	$ 46,577
Unfunded commitments	13,924	3,723
Partnership Interests [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	13,372	3,744
Unfunded commitments	12,721	2,520
Mutual Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	7,310	7,152
Money Market Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	3,004	34,192
Private Equity Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	2,376	1,489
Unfunded commitments	$ 1,203	$ 1,203

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		$ 1,157,004		$ 694,028
Available-for-sale securities		2,113,893	[1]	2,230,297
Investments		117,804		113,862
Cash equivalents measured at NAV		3,004		34,192
Derivative contracts, Assets	[2]	52,129
Total Assets		3,443,834		3,072,379
Financial instruments sold, but not yet purchased, at fair value		756,150		437,978
Derivative contracts, Liabilities	[3]	52,147
Total Liabilities		808,297
U.S. Government Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		10,774		46,900
Financial instruments sold, but not yet purchased, at fair value		377,023		91,974
U.S. Government Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		143,793		56,450
Available-for-sale securities		1,808	[1]	4,361
Financial instruments sold, but not yet purchased, at fair value		37,395
Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		132,087		3,394
Available-for-sale securities		291,054	[1]	698,133
Corporate Fixed Income Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		255,999		194,575
Available-for-sale securities		791,893	[1]	631,758
Financial instruments sold, but not yet purchased, at fair value		153,852		162,626
Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		75,056		67,593
Investments		21,308		29,496
Financial instruments sold, but not yet purchased, at fair value		28,482		30,848
State And Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		162,335		96,150	[4]
Available-for-sale securities		2,399	[1]	2,453
Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		13,032		12,933
Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		60,406		59,048
Investments in Funds and Partnerships Measured at NAV [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		23,058		12,385
Mortgage-Backed Securities [Member] | Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		335,050		216,434
Available-for-sale securities		952,186	[1]	793,410
Financial instruments sold, but not yet purchased, at fair value		156,628		141,227
Mortgage-Backed Securities [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		73,985	[1]	95,613
Mortgage-Backed Securities [Member] | Non-Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		568	[1]	4,569
Sovereign Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments sold, but not yet purchased, at fair value		2,770
Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		41,910	[5]	12,532
Financial instruments sold, but not yet purchased, at fair value	[6]			11,303
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		84,450		114,353
Investments		24,110		39,838
Total Assets		108,560		154,191
Financial instruments sold, but not yet purchased, at fair value		405,505				$ 126,916
Total Liabilities		405,505
Level 1 [Member] | U.S. Government Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		10,774		46,900
Financial instruments sold, but not yet purchased, at fair value		377,023				91,974
Level 1 [Member] | Corporate Fixed Income Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		183		4,474
Financial instruments sold, but not yet purchased, at fair value						4,094
Level 1 [Member] | Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		73,493		62,979
Investments		13,893		29,496
Financial instruments sold, but not yet purchased, at fair value		28,482				$ 30,848
Level 1 [Member] | Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		10,217		10,342
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		980,766		568,391
Available-for-sale securities		2,113,893		2,230,297
Investments		16,013		6,593
Derivative contracts, Assets	[2]	52,129
Total Assets		3,162,801		2,805,281
Financial instruments sold, but not yet purchased, at fair value		350,645		311,062
Derivative contracts, Liabilities	[3]	52,147
Total Liabilities		402,792
Level 2 [Member] | U.S. Government Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		143,793		56,450
Available-for-sale securities		1,808		4,361
Financial instruments sold, but not yet purchased, at fair value		37,395
Level 2 [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		67,381		3,385
Available-for-sale securities		291,054		698,133
Level 2 [Member] | Corporate Fixed Income Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		255,816		190,101
Available-for-sale securities		791,893		631,758
Financial instruments sold, but not yet purchased, at fair value		153,852		158,532
Level 2 [Member] | Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		1,338		4,614
Investments		1,661
Level 2 [Member] | State And Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		162,335		96,150	[4]
Available-for-sale securities		2,399		2,453
Level 2 [Member] | Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		14,352		6,593
Level 2 [Member] | Mortgage-Backed Securities [Member] | Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		335,050		216,434
Available-for-sale securities		952,186		793,410
Financial instruments sold, but not yet purchased, at fair value		156,628		141,227
Level 2 [Member] | Mortgage-Backed Securities [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		73,985		95,613
Level 2 [Member] | Mortgage-Backed Securities [Member] | Non-Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		568		4,569
Level 2 [Member] | Sovereign Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments sold, but not yet purchased, at fair value		2,770
Level 2 [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		15,053	[5]	1,257
Financial instruments sold, but not yet purchased, at fair value	[6]			11,303
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		91,788		11,284
Investments		54,623		55,046
Total Assets		146,411		66,330
Level 3 [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		64,706		9
Level 3 [Member] | Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		225
Investments		5,754
Level 3 [Member] | Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		13,032		12,933
Level 3 [Member] | Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		35,837		42,113
Level 3 [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		$ 26,857	[5]	$ 11,275
[1]	Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2]	Included in other assets in the consolidated statements of financial condition.
[3]	Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
[4]	Includes loans, sovereign debt, and non-agency mortgage-backed securities.
[5]	Includes loans, non-agency mortgage-backed securities, and sovereign debt.
[6]	Includes sovereign debt and state and municipal securities.

Fair Value Of Financial Instr_3

Fair Value Of Financial Instruments (Schedule Of Changes In Fair Value Associated With Level 3 Financial Instruments) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Asset-Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		$ 9
Unrealized gains/(losses)		(3,002)
Realized gains/(losses)		9,485
Purchases		68,104
Redemptions		16,750
Transfers into Level 3		6,930
Transfers out of Level 3		70
Net change		64,697
Ending Balance		64,706	$ 9
Corporate Equity Securities Financial Instruments Owned [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers into Level 3		225
Net change		225
Ending Balance		225
Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		11,275
Unrealized gains/(losses)		(68)
Purchases		23,600
Sales		7,725
Transfers out of Level 3		225
Net change		15,582
Ending Balance		26,857	11,275
Other Financial Instrument Owned [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	[1]	11,284	9,326
Unrealized gains/(losses)	[1]		(3,126)
Realized gains/(losses)	[1]		(71)
Purchases	[1]		25,852
Sales	[1]		20,000
Redemptions	[1]		697
Net change	[1]		1,958
Ending Balance	[1]		11,284
Corporate Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance			1,060
Unrealized gains/(losses)		(1,000)
Purchases		3,000
Sales		2,000
Transfers into Level 3		5,754
Transfers out of Level 3			(1,060)
Net change		5,754	(1,060)
Ending Balance		5,754
Equity Auction Rate Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		12,933	14,427
Unrealized gains/(losses)		124	(1,494)
Redemptions		25
Net change		99	(1,494)
Ending Balance		13,032	12,933
Other Investment [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		42,113	853
Unrealized gains/(losses)		654	(296)
Sales			(20)
Transfers into Level 3			41,576
Transfers out of Level 3		6,930
Net change		(6,276)	41,260
Ending Balance		$ 35,837	$ 42,113
[1]	Includes asset-backed securities and loans.

Fair Value Of Financial Instr_4

Fair Value Of Financial Instruments (Schedule Of Fair Value Of Financial Instruments) (Details) - USD ($)		Dec. 31, 2021		Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents				$ 2,245,082,000
Cash segregated for regulatory purposes				172,932,000
Securities purchased under agreements to resell		$ 579,866,000		217,930,000
Financial instruments owned		1,157,004,000		694,028,000
Available-for-sale securities		2,113,893,000	[1]	2,230,297,000
Held-to-maturity securities		5,343,481,000	[2]	4,107,960,000
Bank loans				11,088,058,000
Loans held for sale				551,248,000
Derivative contracts	[3]	52,129,000
Securities sold under agreements to repurchase		385,528,000		190,955,000
Bank deposits				17,192,722,000
Financial instruments sold, but not yet purchased, at fair value		756,150,000		437,978,000
Federal Home Loan Bank advances		0
Senior notes		1,113,478,000		1,112,409,000
Debentures to Stifel Financial Capital Trusts				41,071,000
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		1,963,326,000		2,279,274,000
Cash segregated for regulatory purposes		186,331,000		172,932,000
Securities purchased under agreements to resell		579,866,000		217,930,000
Financial instruments owned		1,157,004,000		694,028,000
Available-for-sale securities		2,113,893,000		2,230,297,000
Held-to-maturity securities		5,348,558,000		4,117,384,000
Bank loans		16,627,847,000		11,006,760,000
Loans held for sale		207,715,000		551,248,000
Investments		117,804,000		113,862,000
Derivative contracts		52,129,000
Securities sold under agreements to repurchase		385,528,000		190,955,000
Bank deposits		23,280,348,000		17,396,497,000
Financial instruments sold, but not yet purchased, at fair value		756,150,000		437,978,000
Senior notes		1,113,478,000		1,112,409,000
Debentures to Stifel Financial Capital Trusts		60,000,000		60,000,000
Derivative contracts		52,147,000
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		1,963,326,000		2,279,274,000
Cash segregated for regulatory purposes		186,331,000		172,932,000
Securities purchased under agreements to resell		579,866,000		217,930,000
Financial instruments owned		1,157,004,000		694,028,000
Available-for-sale securities		2,113,893,000		2,230,297,000
Held-to-maturity securities		5,343,481,000		4,107,960,000
Bank loans		16,704,912,000		11,088,058,000
Loans held for sale		207,715,000		551,248,000
Investments		117,804,000		113,862,000
Derivative contracts		52,129,000
Securities sold under agreements to repurchase		385,528,000		190,955,000
Bank deposits		22,998,842,000		17,192,722,000
Financial instruments sold, but not yet purchased, at fair value		756,150,000		437,978,000
Senior notes		1,218,344,000		1,265,669,000
Debentures to Stifel Financial Capital Trusts		46,340,000		$ 41,071,000
Derivative contracts		$ 52,147,000
[1]	Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.
[3]	Included in other assets in the consolidated statements of financial condition.

Fair Value Of Financial Instr_5

Fair Value Of Financial Instruments (Estimated Fair Values Of Financial Instruments Not Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash			$ 2,245,082
Cash segregated for regulatory purposes			172,932
Securities purchased under agreements to resell	$ 579,866		217,930
Held-to-maturity securities	5,343,481	[1]	4,107,960
Bank loans			11,088,058
Loans held for sale			551,248
Securities sold under agreements to repurchase	385,528		190,955
Bank deposits			17,192,722
Senior notes			1,265,669
Debentures to Stifel Financial Capital Trusts			41,071
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	1,960,322
Cash segregated for regulatory purposes	186,331
Securities purchased under agreements to resell	579,866
Held-to-maturity securities	5,343,481
Bank loans	16,704,912
Loans held for sale	207,715
Securities sold under agreements to repurchase	385,528
Bank deposits	22,998,842
Senior notes	1,218,344
Debentures to Stifel Financial Capital Trusts	46,340
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	1,960,322			$ 2,245,082
Cash segregated for regulatory purposes	186,331			172,932
Securities purchased under agreements to resell	371,797			164,094
Securities sold under agreements to repurchase	10,000
Senior notes	1,218,344			1,265,669
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities purchased under agreements to resell	208,069			53,836
Held-to-maturity securities	5,205,085			3,943,944
Bank loans	16,704,912			11,088,058
Loans held for sale	207,715			551,248
Securities sold under agreements to repurchase	375,528			190,955
Bank deposits	22,998,842			$ 17,192,722
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Held-to-maturity securities	138,396		164,016
Debentures to Stifel Financial Capital Trusts	$ 46,340		$ 41,071
[1]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

Financial Instruments Owned A_3

Financial Instruments Owned And Financial Instruments Sold, But Not Yet Purchased (Components Of Trading Securities Owned And Trading Securities Sold, But Not Yet Purchased) (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		$ 1,157,004	$ 694,028
U.S. Government Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		143,793	56,450
Corporate Fixed Income Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		255,999	194,575
Corporate Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		75,056	67,593
State and Municipal Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		162,335	96,150	[1]
U.S. Government Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		10,774	46,900
Securities Sold, But Not yet Purchased [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		756,150	437,978
Other	[2]	2,770	11,303
Securities Sold, But Not yet Purchased [Member] | U.S. Government Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		37,395
Securities Sold, But Not yet Purchased [Member] | Corporate Fixed Income Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Fixed income securities		153,852	162,626
Securities Sold, But Not yet Purchased [Member] | Corporate Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		28,482	30,848
Securities Sold, But Not yet Purchased [Member] | U.S. Government Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		377,023	91,974
Securities Sold, But Not yet Purchased [Member] | Mortgage-Backed Securities [Member] | Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		156,628	141,227
Securities Owned [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Asset-backed securities		132,087	3,394
Other	[3]	41,910	12,532
Financial instruments owned, at fair value		1,157,004	694,028
Securities Owned [Member] | U.S. Government Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		143,793	56,450
Securities Owned [Member] | Corporate Fixed Income Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Fixed income securities		255,999	194,575
Securities Owned [Member] | Corporate Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		75,056	67,593
Securities Owned [Member] | State and Municipal Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
State and municipal securities		162,335	96,150
Securities Owned [Member] | U.S. Government Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		10,774	46,900
Securities Owned [Member] | Mortgage-Backed Securities [Member] | Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		$ 335,050	$ 216,434
[1]	Includes loans, sovereign debt, and non-agency mortgage-backed securities.
[2]	Includes sovereign debt and state and municipal securities.
[3]	Includes loans, non-agency mortgage-backed securities, and sovereign debt.

Financial Instruments Owned A_4

Financial Instruments Owned And Financial Instruments Sold, But Not Yet Purchased (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments pledged as collateral	$ 639.6	$ 368.4
Securities Owned [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments pledged as collateral	$ 394	$ 194

Available-For-Sale And Held-T_3

Available-For-Sale And Held-To-Maturity Securities (Schedule Of Amortized Cost And Fair Values Of The Available For Sale Securities And Held To Maturity Securities) (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		$ 2,104,513		$ 2,184,339
Available for sale securities, unrealized gains	[1]	26,406		51,549
Available-for-sale Securities, Gross unrealized losses	[1]	(17,026)		(5,591)
Available-for-sale securities		2,113,893	[2]	2,230,297
Held-to-maturity Securities, Amortized cost		5,348,558	[3]	4,117,384
Held-to-maturity Securities, Gross unrealized gains	[3]	7,659
Held-to-maturity Securities, Gross unrealized losses	[3]	(12,736)
Held-to-maturity securities, Estimated fair value		5,343,481	[3]	4,107,960
U.S. Government Agency Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		1,800		4,293
Available for sale securities, unrealized gains	[1]	8		68
Available-for-sale securities		1,808		4,361
State And Municipal Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		2,372		2,395
Available for sale securities, unrealized gains	[1]	27		58
Available-for-sale securities		2,399		2,453
Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		954,021		777,025
Available for sale securities, unrealized gains	[1]	7,181		16,401
Available-for-sale Securities, Gross unrealized losses	[1]	(9,016)		(16)
Available-for-sale securities		952,186	[2]	793,410
Agency Mortgage-Backed Securities [Member] | Commercial [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		72,765		91,237
Available for sale securities, unrealized gains	[1]	1,220		4,376
Available-for-sale securities		73,985	[2]	95,613
Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		564		4,550
Available for sale securities, unrealized gains	[1]	4		28
Available-for-sale Securities, Gross unrealized losses	[1]			(9)
Available-for-sale securities		568	[2]	4,569
Corporate Fixed Income Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		783,289		604,662
Available for sale securities, unrealized gains	[1]	14,385		27,096
Available-for-sale Securities, Gross unrealized losses	[1]	(5,781)
Available-for-sale securities		791,893		631,758
Asset-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		289,702		700,177
Available for sale securities, unrealized gains	[1]	3,581		3,522
Available-for-sale Securities, Gross unrealized losses	[1]	(2,229)		(5,566)
Available-for-sale securities		291,054		698,133
Held-to-maturity Securities, Amortized cost		$ 5,348,558		4,117,384	[3]
Held-to-maturity Securities, Gross unrealized gains	[3]			8,111
Held-to-maturity Securities, Gross unrealized losses	[3]			(17,535)
Held-to-maturity securities, Estimated fair value	[3]			$ 4,107,960
[1]	Unrealized gains/(losses) related to available-for-sale securities are reported in accumulated other comprehensive income.
[2]	Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[3]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

Available-For-Sale And Held-T_4

Available-For-Sale And Held-To-Maturity Securities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)Security	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]
Proceeds from sale of available-for-sale securities		$ 491,900,000	$ 641,800,000
Net realized gains (loss) resulting from sale of available-for-sale securities	$ 0	(500,000)	$ (300,000)
Accrued interest receivable	27,400,000	20,800,000
Transfers from held to maturity to available for sale securities reclassification fair value	312,900,000	1,000,000,000
Gain On Transfer Of securities	0	0
Financial instruments pledged as collateral	$ 639,600,000	368,400,000
Number of available for sale securities whose amortized costs exceeded their fair values | Security	89
Available-for-sale Securities, Continuous	$ 17,026,000
Available-for-sale Securities, Continuous	1,061,879,000
Available-for-sale Securities, Continuous Unrealized	$ 3,479,000
Percentage of available-for-sale portfolio	50.20%
Pledged [Member]
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]
Trading securities pledged	$ 1,200,000,000	1,400,000,000
Other Assets [Member]
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]
Accrued interest receivable	$ 29,100,000	$ 26,000,000

Available-For-Sale And Held-T_5

Available-For-Sale And Held-To-Maturity Securities (Schedule Of Amortized Cost And Fair Values Of Debt Securities By Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]
Available-for-sale Securities, debt maturities, within one year, Amortized Cost	$ 36,671		$ 143,462
Available-for-sale Securities, debt maturities, after one year through three years, Amortized Cost	217,606		134,040
Available-for-sale Securities, debt maturities, after three year through five years, Amortized Cost	192,271		247,907
Available-for-sale Securities, debt maturities, after five year through ten years, Amortized Cost	455,429		429,921
Available-for-sale Securities, debt maturities, after ten years, Amortized Cost	1,202,536		1,229,009
Available-for-sale Securities, Amortized cost	2,104,513		2,184,339
Available-for-sale Securities, debt maturities, within one year, Fair Value	36,899	[1]	144,362
Available-for-sale Securities, debt maturities, after one year through three years, Fair Value	222,942		137,625
Available-for-sale Securities, debt maturities, after three year through five years, Fair Value	196,380		266,139
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	455,848	[1]	435,111
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	1,201,824	[1]	1,247,060
Available-for-sale Securities, debt maturities, Fair Value	2,113,893	[1]	2,230,297
Held-to-maturity Securities, debt maturities, after three through five years, Amortized Cost	2,825		17,460
Held-to-maturity Securities, debt maturities, after five through ten years, Amortized Cost	2,282,162		1,932,439
Held-to-maturity Securities, debt maturities, after ten years, Amortized Cost	3,063,571		2,167,485
Held-to-maturity Securities, Amortized cost	5,348,558	[2]	4,117,384
Held-to-maturity Securities, debt maturities, after three through five years, Fair Value	2,825		17,460
Held-to-maturity Securities, debt maturities, after five through ten years, Fair Value	2,278,597		1,926,425
Held-to-maturity Securities, debt maturities, after ten years, Fair Value	3,062,059		2,164,075
Held-to-maturity Securities, debt maturities, Fair Value	$ 5,343,481	[2]	$ 4,107,960
[1]	Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

Available-For-Sale And Held-T_6

Available-For-Sale And Held-To-Maturity Securities (Contractual Maturities) (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, within one year, Fair Value		$ 36,899	[1]	$ 144,362
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	419,322
Available-for-sale Securities, debt maturities, after five year through ten years, fair value		455,848	[1]	435,111
Availably-for-sale Securities, debt maturities, after ten years, Fair Value		1,201,824	[1]	1,247,060
Available-for-sale Securities, debt maturities, Fair Value		2,113,893	[1]	2,230,297
Held-to-maturity Securities, debt maturities, after one year through five, Amortized Cost		2,825
Held-to-maturity Securities, debt maturities, after five year through ten, Amortized Cost		2,282,162		1,932,439
Held-to-maturity Securities, debt maturities, after ten years, Amortized Cost		3,063,571		2,167,485
Held-to-maturity Securities, Amortized cost		5,348,558	[2]	4,117,384
U.S. Government Agency Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, within one year, Fair Value	[1]	1,808
Available-for-sale Securities, debt maturities, Fair Value		1,808	[1]	4,361
State And Municipal Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	2,399
Available-for-sale Securities, debt maturities, Fair Value		2,399	[1]	2,453
Corporate Fixed Income Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, within one year, Fair Value	[1]	35,033
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	419,220
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	337,640
Available-for-sale Securities, debt maturities, Fair Value		791,893	[1]	631,758
Asset-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	58,078
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	232,976
Available-for-sale Securities, debt maturities, Fair Value		291,054	[1]	698,133
Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, within one year, Fair Value	[1]	58
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	102
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	57,163
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	894,863
Available-for-sale Securities, debt maturities, Fair Value		952,186	[1]	793,410
Agency Mortgage-Backed Securities [Member] | Commercial [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	73,985
Available-for-sale Securities, debt maturities, Fair Value		73,985	[1]	95,613
Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	568
Available-for-sale Securities, debt maturities, Fair Value		$ 568	[1]	$ 4,569
[1]	Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

Available-For-Sale And Held-T_7

Available-For-Sale And Held-To-Maturity Securities (Schedule Of Gross Unrealized Losses And The Estimated Fair Value By Length Of Time In A Loss Position) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	$ (13,547)
Available-for-sale Securities, Estimated fair value, Less than 12 months	922,044
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(3,479)
Available-for-sale Securities, Estimated fair value, 12 months or more	139,835
Available-for-sale Securities, Gross unrealized losses, Total	(17,026)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	1,061,879
Asset-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	(1,933)
Available-for-sale Securities, Estimated fair value, Less than 12 months	117,388
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(296)
Available-for-sale Securities, Estimated fair value, 12 months or more	35,800
Available-for-sale Securities, Gross unrealized losses, Total	(2,229)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	153,188
Agency Mortgage-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	(5,833)
Available-for-sale Securities, Estimated fair value, Less than 12 months	499,332
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(3,183)
Available-for-sale Securities, Estimated fair value, 12 months or more	104,035
Available-for-sale Securities, Gross unrealized losses, Total	(9,016)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	603,367
Corporate Fixed Income Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	(5,781)
Available-for-sale Securities, Estimated fair value, Less than 12 months	305,324
Available-for-sale Securities, Gross unrealized losses, 12 months or more
Available-for-sale Securities, Estimated fair value, 12 months or more
Available-for-sale Securities, Gross unrealized losses, Total	(5,781)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	$ 305,324

Available-For-Sale And Held-T_8

Available-For-Sale And Held-To-Maturity Securities (Schedule Of Amortized Cost Of Held-To-Maturity Securities By Credit Quality Indicator) (Details) - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	$ 5,348,558	[1]	$ 4,117,384
Asset-Backed Securities [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	5,348,558		$ 4,117,384	[1]
Asset-Backed Securities [Member] | AAA [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	976,695
Asset-Backed Securities [Member] | AA [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	4,364,523
Asset-Backed Securities [Member] | A [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	5,000
Asset-Backed Securities [Member] | Moody's, C Rating [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	$ 2,340
[1]	Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

Bank Loans (Schedule Of Balance

Bank Loans (Schedule Of Balance And Associated Percentage Of Each Major Loan Category In Bank Loan Portfolio) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 16,743,487	$ 11,170,813
Unamortized loan discount, net	(150)	(1,822)
Loans in process	(10,134)	(48,222)
Unamortized loan fees, net	(6,012)	(1,980)
Allowance for loan losses	(99,344)	(112,029)	$ (95,579)
Loans held for investment, net	$ 16,627,847	$ 11,006,760
Gross bank loans, Percent	100.00%	100.00%
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 7,345,753	$ 4,296,089
Allowance for loan losses	$ (53,529)	$ (67,222)	(69,949)
Gross bank loans, Percent	43.90%	38.50%
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 5,482,026	$ 3,956,670
Allowance for loan losses	$ (28,560)	$ (16,300)	(14,253)
Gross bank loans, Percent	32.70%	35.40%
Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 2,880,158	$ 1,933,974
Allowance for loan losses	$ (4,006)	$ (2,015)	(2,361)
Gross bank loans, Percent	17.20%	17.30%
Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 511,084	$ 501,681
Allowance for loan losses	$ (8,536)	$ (17,275)	(4,613)
Gross bank loans, Percent	3.10%	4.50%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 409,847	$ 366,485
Allowance for loan losses	$ (3,934)	$ (8,580)	(3,564)
Gross bank loans, Percent	2.40%	3.30%
Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 82,508	$ 75,507
Allowance for loan losses	$ (511)	$ (374)	(442)
Gross bank loans, Percent	0.50%	0.70%
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 32,111	$ 40,407
Allowance for loan losses	$ (268)	$ (263)	$ (397)
Gross bank loans, Percent	0.20%	0.30%

Bank Loans (Narrative) (Details

Bank Loans (Narrative) (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans held for sale		$ 207,715	$ 551,248
Gains (losses) recognized from sale of loans		29,800	41,200	$ 13,100
Proceeds from unpaid principal balance of loans		208,000
Accrued interest receivable		27,400	20,800
Impaired loans more than 90 days past due		17,300	13,800
Troubled debt restructurings		200	200
Specific allowance		$ 6,200	$ 8,200
Collateralized loan portfolio		98.50%	98.80%
ASU 2016-13 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in allowance for credit losses	$ 10,400	$ 10,400
Credit Loss Reserves Net		11,500	$ 28,300
Allowance for credit losses		7,500
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral		4,900,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral			3,800,000
Other Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gains (losses) recognized from sale of loans		2,500
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans held for sale		207,700	551,200
Unfunded Commitment [Member] | ASU 2016-13 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reserve For Unfunded Commitments For Credit Loss		4,000
Stifel Bancorp [Member] | Executive Officers and Directors [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans outstanding amount		27,200	23,600
Stifel Bancorp [Member] | Executive Officers and Directors of Certain Affiliated Entities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans outstanding amount		$ 27,200	$ 23,600

Bank Loans (Activity In The All

Bank Loans (Activity In The Allowance For Loan Losses By Portfolio Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	$ 112,029	$ 95,579
CECL Adoption		(11,736)
Provision	(7,454)	28,264
Charge-offs	5,232	(193)
Recoveries	1	115
Ending Balance	99,344	112,029
Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	67,222	69,949
CECL Adoption		(19,940)
Provision	(8,462)	17,341
Charge-offs	(5,232)	(153)
Recoveries	1	25
Ending Balance	53,529	67,222
Construction And Land [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	17,275	4,613
CECL Adoption		2,674
Provision	(8,739)	9,988
Ending Balance	8,536	17,275
Residential Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	16,300	14,253
CECL Adoption		3,499
Provision	12,260	(1,452)
Ending Balance	28,560	16,300
Commercial Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	8,580	3,564
CECL Adoption		791
Provision	(4,646)	4,225
Ending Balance	3,934	8,580
Securities-Based Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	2,015	2,361
CECL Adoption		1,346
Provision	1,991	(1,692)
Ending Balance	4,006	2,015
Home Equity Lines Of Credit [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	374	442
CECL Adoption		39
Provision	137	(195)
Recoveries		88
Ending Balance	511	374
Other [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	263	397
CECL Adoption		(145)
Provision	5	49
Charge-offs		(40)
Recoveries		2
Ending Balance	$ 268	$ 263

Bank Loans (Aging Of The Record

Bank Loans (Aging Of The Recorded Investment In Past Due Loans) (Details) - USD ($)		Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		$ 23,432,000	$ 18,241,000
Total		16,743,487,000	11,170,813,000
Non-accrual		17,193,000	12,395,000	[1]
Restructured		154,000	158,000	[1]
Nonperforming loans with no allowance		1,000	1,249,000	[1]
Total		17,348,000	13,802,000	[1]
Loans past due 90 days and still accruing interest		0	0
30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		15,528,000	4,611,000
90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		7,904,000	13,630,000
Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		16,720,055,000	11,152,572,000
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		15,861,000	12,251,000
Total		7,345,753,000	4,296,089,000
Non-accrual		15,861,000	12,251,000	[1]
Total		15,861,000	12,251,000	[1]
Commercial and Industrial [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		9,290,000	14,000
Commercial and Industrial [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		6,571,000	12,237,000
Commercial and Industrial [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		7,329,892,000	4,283,838,000
Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		7,526,000	5,803,000
Total		5,482,026,000	3,956,670,000
Non-accrual		1,332,000
Restructured		154,000	158,000	[1]
Nonperforming loans with no allowance	[1]		1,249,000
Total		1,486,000	1,407,000	[1]
Residential Real Estate [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		6,194,000	4,554,000
Residential Real Estate [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,332,000	1,249,000
Residential Real Estate [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		5,474,500,000	3,950,867,000
Securities-Based Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total		2,880,158,000	1,933,974,000
Securities-Based Loans [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		2,880,158,000	1,933,974,000
Construction And Land [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total		511,084,000	501,681,000
Construction And Land [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		511,084,000	501,681,000
Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,000	144,000
Total		409,847,000	366,485,000
Non-accrual	[1]		144,000
Nonperforming loans with no allowance		1,000
Total		1,000	144,000	[1]
Commercial Real Estate [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		1,000	144,000
Commercial Real Estate [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		409,846,000	366,341,000
Home Equity Lines Of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due			12,000
Total		82,508,000	75,507,000
Home Equity Lines Of Credit [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due			12,000
Home Equity Lines Of Credit [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		82,508,000	75,495,000
Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		44,000	31,000
Total		32,111,000	40,407,000
Other [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		44,000	31,000
Other [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		$ 32,067,000	$ 40,376,000
[1]	There were no loans past due 90 days and still accruing interest at December 31, 2020.

Bank Loans (Risk Category Of Lo

Bank Loans (Risk Category Of Loan Portfolio) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	$ 16,743,487	$ 11,170,813
Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	16,553,018	10,824,109
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	54,817	130,332
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	127,831	202,728
Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	7,821	13,644
Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	7,345,753	4,296,089
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	7,193,435	3,995,351
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	38,000	105,759
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	107,747	182,728
Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	6,571	12,251
Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	5,482,026	3,956,670
Residential Real Estate [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	5,480,693	3,955,421
Residential Real Estate [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	84
Residential Real Estate [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	1,249	1,249
Securities-Based Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	2,880,158	1,933,974
Securities-Based Loans [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	2,880,158	1,933,974
Construction And Land [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	511,084	501,681
Construction And Land [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	476,844	467,441
Construction And Land [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	14,240	14,240
Construction And Land [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	20,000	20,000
Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	409,847	366,485
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	407,298	356,008
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	2,548	10,333
Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	1	144
Home Equity Lines Of Credit [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	82,508	75,507
Home Equity Lines Of Credit [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	82,479	75,507
Home Equity Lines Of Credit [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	29
Other [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	32,111	40,407
Other [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	$ 32,111	$ 40,407

Bank Loans (Schedule of Term Lo

Bank Loans (Schedule of Term Loans Amortized Cost Basis by Origination Year and Revolving Cost Amortized Cost Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	$ 16,743,487	$ 11,170,813
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	7,345,753	4,296,089
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,811,189
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	370,794
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	376,959
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	513,608
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	257,735
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	295,049
Commercial and Industrial [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	3,720,419
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	5,482,026	3,956,670
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,732,407
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,234,315
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	579,526
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	241,934
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	200,109
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	493,735
Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,880,158	1,933,974
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	73,341
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	41,618
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	92,278
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	140
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	10,172
Securities-Based Loans [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,662,609
Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	511,084	501,681
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	33,187
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	127,479
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	182,290
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	100,120
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	61,858
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	6,150
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	409,847	366,485
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	123,920
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	73,157
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	142,304
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	22,200
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	36,014
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	12,252
Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	82,508	75,507
Home Equity Lines Of Credit [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	82,508
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	32,111	40,407
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	782
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	10,000
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	286
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	19,156
Other [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,887
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	16,553,018	10,824,109
Pass [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	7,193,435	3,995,351
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,811,189
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	370,279
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	319,732
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	450,087
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	239,314
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	287,333
Pass [Member] | Commercial and Industrial [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	3,715,501
Pass [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	5,480,693	3,955,421
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,732,407
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,234,315
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	579,526
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	241,934
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	199,960
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	492,551
Pass [Member] | Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,880,158	1,933,974
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	73,341
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	41,618
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	92,278
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	140
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	10,172
Pass [Member] | Securities-Based Loans [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,662,609
Pass [Member] | Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	476,844	467,441
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	33,187
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	127,479
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	182,290
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	65,880
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	61,858
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	6,150
Pass [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	407,298	356,008
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	123,920
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	73,157
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	142,304
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	22,199
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	36,014
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,704
Pass [Member] | Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	82,479	75,507
Pass [Member] | Home Equity Lines Of Credit [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	82,479
Pass [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	32,111	40,407
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	782
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	10,000
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	286
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	19,156
Pass [Member] | Other [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,887
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	54,817	130,332
Special Mention [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	38,000	105,759
Special Mention [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	30,000
Special Mention [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	8,000
Special Mention [Member] | Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	14,240	14,240
Special Mention [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	14,240
Special Mention [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,548	10,333
Special Mention [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,548
Special Mention [Member] | Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	29
Special Mention [Member] | Home Equity Lines Of Credit [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	29
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	127,831	202,728
Substandard [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	107,747	182,728
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	515
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	27,227
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	55,521
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	11,850
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	7,716
Substandard [Member] | Commercial and Industrial [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,918
Substandard [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	84
Substandard [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	84
Substandard [Member] | Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	20,000	20,000
Substandard [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	20,000
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	7,821	13,644
Doubtful [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	6,571	12,251
Doubtful [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	6,571
Doubtful [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,249	1,249
Doubtful [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	149
Doubtful [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,100
Doubtful [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1	$ 144
Doubtful [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	$ 1

Fixed Assets (Summary Of Fixed

Fixed Assets (Summary Of Fixed Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Office equipment	$ 354,292	$ 323,841
Leasehold improvements	113,576	105,187
Building	65,327	62,803
Fixed assets, gross	533,195	491,831
Accumulated depreciation and amortization	364,989	(323,916)
Fixed assets, net	$ 168,206	$ 167,915

Fixed Assets (Narrative) (Detai

Fixed Assets (Narrative) (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Dec. 31, 2021USD ($)	Jul. 31, 2021USD ($)Aircraft	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Property Plant And Equipment [Abstract]
Depreciation and amortization			$ 45,574	$ 40,863	$ 38,369
Number of aircraft purchased | Aircraft		3
Purchase price of aircraft		$ 145,900
Net book value of aircraft	$ 143,900
Gain from the sale of aircraft	$ 4,500
Lease income			$ 4,900
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]			Other Income [Member]

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Carrying Amount Of Goodwill And Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Beginning balance	$ 1,181,998
Goodwill, Adjustments	124,894
Goodwill, Ending balance	1,306,892	$ 1,181,998
Intangible assets, Beginning balance	140,984
Intangible assets, Adjustments	25,361
Intangible assets, Amortization	(18,188)	(19,620)	$ (16,015)
Intangible assets, Ending balance	148,157	140,984
Global Wealth Management [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Beginning balance	335,009
Goodwill, Ending balance	335,009	335,009
Intangible assets, Beginning balance	44,671
Intangible assets, Amortization	(5,787)
Intangible assets, Ending balance	38,884	44,671
Institutional Group [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Beginning balance	846,989
Goodwill, Adjustments	124,894
Goodwill, Ending balance	971,883	846,989
Intangible assets, Beginning balance	96,313
Intangible assets, Adjustments	25,361
Intangible assets, Amortization	(12,401)
Intangible assets, Ending balance	$ 109,273	$ 96,313

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	Nov. 01, 2021	Sep. 03, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Goodwill and Intangible Assets [Line Items]
Amortization of intangible assets			$ 18,188	$ 19,620	$ 16,015
Customer Relationships [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			10 years 1 month 6 days
Trade Names [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			8 years 3 months 18 days
Core Deposits [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			2 years 8 months 12 days
Non-Compete Agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			5 years 4 months 24 days
Investment Banking Backlog [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			7 years 4 months 24 days
Acquired Technology [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			8 months 12 days
Mooreland Partners [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Date of acquisition				Jul. 1, 2019
B&F Capital Markets, Inc. [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Date of acquisition		Sep. 3, 2019
Vining Sparks [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Date of acquisition	Nov. 1, 2021

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 279,199	$ 253,941
Accumulated Amortization	131,042	112,957
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	225,900	202,342
Accumulated Amortization	97,054	85,152
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	30,359	28,659
Accumulated Amortization	17,694	15,660
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	9,240	9,240
Accumulated Amortization	5,684	4,229
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	8,615	8,615
Accumulated Amortization	6,277	4,809
Investment Banking Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,245	4,245
Accumulated Amortization	3,680	2,734
Acquired Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	840	840
Accumulated Amortization	$ 653	$ 373

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Amortization Expense In Future Periods) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2022	$ 19,417
2023	16,181
2024	15,393
2025	13,358
2026	12,895
Thereafter	68,795
Future amortization expense total	$ 146,039

Borrowings and Federal Home L_2

Borrowings and Federal Home Loan Bank Advances (Narrative) (Details)	May 27, 2021USD ($)	Dec. 31, 2021USD ($)Item
Short-term Debt [Line Items]
Uncommitted secured lines of credit		$ 880,000,000
Number of banks | Item		4
Daily borrowings under our uncommitted secured lines		$ 135,000,000
Compensating balances		0
Federal Home Loan Bank advances		0
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Credit facility expiration date	2026-05
Committed revolving credit facility with bank and broker dealer - subsidiary	$ 500,000,000
Credit facility sublimit	$ 200,000,000
Outstanding credit facility		0
Company Owned Securities [Member]
Short-term Debt [Line Items]
Uncommitted secured lines of credit		$ 0
Federal Home Loan Bank advances [Member]
Short-term Debt [Line Items]
Weighted average interest rate on borrowings		0.30%

Senior Notes (Summary of Senior

Senior Notes (Summary of Senior Notes) (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020	May 31, 2020	Oct. 31, 2017	Jul. 31, 2014
Debt Instrument [Line Items]
Long-term Debt, gross		$ 1,125,000	$ 1,125,000
Debt issuance costs, net		(11,522)	(12,591)
Senior notes, net		1,113,478	1,112,409
Senior notes 4.25% due 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt, gross	[1]	500,000	500,000
Senior notes, net						$ 300,000
Senior notes 4.00% due 2030 [Member]
Debt Instrument [Line Items]
Long-term Debt, gross	[2]	400,000	400,000
Senior notes, net				$ 400,000
Senior notes 5.20% due 2047 [Member]
Debt Instrument [Line Items]
Long-term Debt, gross	[3]	$ 225,000	$ 225,000
Senior notes, net					$ 200,000
[1]	In July 2014, we sold in a registered underwritten public offering, $ 300.0 million in aggregate principal amount of 4.25 % senior notes due July 2024 . Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to 100 % of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption. In July 2016, we issued an additional $ 200.0 million in aggregate principal amount of 4.25% senior notes due 2024.
[2]	In May 2020, we sold in a registered underwritten public offering, $ 400.0 million in aggregate principal amount of 4.00 % senior notes due May 2030 . Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to the greater of a) 100 % of their principal amount, or b) discounted present value at Treasury rate plus 50 basis points prior to February 15, 2030, and on or after February 15, 2030, at 100 % of their principal amount, and accrued and unpaid interest, if any, to the date of redemption.
[3]	In October 2017, we completed the pricing of a registered underwritten public offering of $ 200.0 million in aggregate principal amount of 5.20 % senior notes due October 2047 . Interest on the senior notes is payable quarterly in arrears. On or after October 15, 2022, we may redeem some or all of the senior notes at any time at a redemption price equal to 100 % of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date. On October 27, 2017, we completed the sale of an additional $ 25.0 million aggregate principal amount of Notes pursuant to the over-allotment option.

Senior Notes (Summary of Seni_2

Senior Notes (Summary of Senior Notes) (Parenthetical) (Details) - USD ($) $ in Thousands	Feb. 15, 2030	Oct. 27, 2017	Dec. 31, 2021	Dec. 31, 2020	May 31, 2020	Oct. 31, 2017	Jul. 31, 2014
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage				4.25%
Long-term Debt			$ 1,113,478	$ 1,112,409
Senior notes 4.25% due 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage			4.25%
Long-term Debt							$ 300,000
Debt instrument, maturity date			Jul. 31, 2024
Redemption price, percentage of principal amount			100.00%
Additional issuance of long-term debt			$ 200,000
Senior notes 5.20% due 2047 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage			5.20%	5.20%
Long-term Debt						$ 200,000
Debt instrument, maturity date			Oct. 31, 2047
Redemption price, percentage of principal amount			100.00%
Additional issuance of long-term debt		$ 25,000
Senior notes 4.00% due 2030 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage			4.00%	4.00%
Long-term Debt					$ 400,000
Debt instrument, maturity date			May 31, 2030
Senior notes 4.00% due 2030 [Member] | After February 15, 2030 [Member]
Debt Instrument [Line Items]
Redemption price, percentage of principal amount			100.00%
Senior notes 4.00% due 2030 [Member] | Measurement Input, Discount Rate [Member] | Prior to February 15, 2030 [Member]
Debt Instrument [Line Items]
Redemption at treasury rate basis point			50.00%
Senior notes 4.00% due 2030 [Member] | Forecast
Debt Instrument [Line Items]
Redemption price, percentage of principal amount	100.00%

Senior Notes (Schedule Of Corpo

Senior Notes (Schedule Of Corporate Debt Principal Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Senior notes, net	$ 1,113,478	$ 1,112,409
Non Recourse Debt [Member]
Debt Instrument [Line Items]
2024	500,000
Thereafter	625,000
Senior notes, net	$ 1,125,000

Bank Deposits (Schedule of Depo

Bank Deposits (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Demand deposits (interest-bearing)	$ 22,626,560	$ 16,886,953
Demand deposits (non-interest-bearing)	626,633	411,890
Certificates of deposit	27,155	97,654
Bank deposits	$ 23,280,348	$ 17,396,497

Bank Deposits (Narrative) (Deta

Bank Deposits (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Bank Deposits [Line Items]
Weighted average interest rate on deposits	0.02%	0.09%
Proceeds from deposits	$ 215.1
Gain (loss) on sale of deposits	4.8
Brokerage Customers Deposits [Member]
Bank Deposits [Line Items]
Deposits of related parties	21,300	$ 16,000
Stifel Nicolaus [Member]
Bank Deposits [Line Items]
Interest bearing and time deposits of executive officers, directors, and affiliates	$ 8.6	$ 6.7

Bank Deposits (Scheduled Maturi

Bank Deposits (Scheduled Maturities of Certificates of Deposit) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Within one year	$ 159	$ 2,719
One to three years	14	409
Three to five years		254
Certificates of deposit, less than $100,000	173	3,382
Within one year	20,098	63,650
One to three years	6,884	30,622
Certificates of deposit, $100,000 and greater	26,982	94,272
Total certificates of deposit	$ 27,155	$ 97,654

Debentures To Stifel Financia_3

Debentures To Stifel Financial Capital Trusts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2016	Dec. 31, 2020		Jun. 28, 2008	Mar. 30, 2007	Aug. 12, 2005
Debt Instrument [Line Items]
Debenture to Stifel Financial Capital Trust	$ 60,000			$ 60,000
Stated interest rate				4.25%
Interest rate terms, spread over reference rate	1.85%
Stifel Financial Capital Trust II [Member]
Debt Instrument [Line Items]
Debenture to Stifel Financial Capital Trust	$ 20,000	[1]		$ 20,000	[1]			$ 35,000
Stated interest rate	6.38%
Maturity date	Sep. 30, 2035
Earliest call date	Sep. 30, 2010
Interest rate terms, spread over reference rate	1.70%
Reference rate	three-month LIBOR plus 1.70% per annum
Extinguishment of debentures			$ 15,000
Stifel Financial Capital Trust III [Member]
Debt Instrument [Line Items]
Debenture to Stifel Financial Capital Trust	$ 35,000	[2]		35,000	[2]		$ 35,000
Stated interest rate	6.79%
Maturity date	Jun. 6, 2037
Earliest call date	Jun. 6, 2012
Reference rate	three-month LIBOR plus 1.85% per annum
Stifel Financial Capital Trust IV [Member]
Debt Instrument [Line Items]
Debenture to Stifel Financial Capital Trust	$ 5,000	[3]		$ 5,000	[3]	$ 35,000
Stated interest rate	6.78%
Maturity date	Sep. 6, 2037
Earliest call date	Sep. 6, 2012
Interest rate terms, spread over reference rate	1.85%
Reference rate	three-month LIBOR plus 1.85% per annum
[1]	On August 12, 2005, we completed a private placement of $ 35.0 million of 6.38 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust II (the “Trust II”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 30, 2035 , but may be redeemed by our company, and in turn, the Trust II would call the debenture beginning September 30, 2010 . The Trust II requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.70 % per annum . During 2016, we extinguished $ 15.0 million of the Trust II debentures.
[2]	On March 30, 2007, we completed a private placement of $ 35.0 million of 6.79 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust III (the “Trust III”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on June 6, 2037 , but may be redeemed by our company, and in turn, Trust III would call the debenture beginning June 6, 2012 . Trust III requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85 % per annum .
[3]	On June 28, 2007, we completed a private placement of $ 35.0 million of 6.78 % Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust IV (the “Trust IV”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 6, 2037 , but may be redeemed by our company, and in turn, Trust IV would call the debenture beginning September 6, 2012 . Trust IV requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85 % per annum .

Disclosures About Offsetting _3

Disclosures About Offsetting Assets and Liabilities (Financial Assets and Derivative Assets that are Subject to Offset) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Offsetting Assets [Line Items]
Gross amounts of recognized assets, Securities borrowing	$ 260,586	$ 313,131
Net amounts presented in the Statement of Financial Condition, Securities borrowing	260,586	313,131
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities borrowing	(40,259)	(46,183)
Gross amounts not offset in the Statement of Financial Position, Collateral received, Securities borrowing	(208,720)	(244,578)
Securities borrowed, Net amount	11,607	22,370
Gross amounts of recognized assets, Reverse repurchase agreements	579,866	217,930
Net amounts presented in the Statement of Financial Condition, Securities purchased under agreements to resell	579,866	217,930
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities purchased under agreements to resell	(52,413)	(17,992)
Gross amounts not offset in the Statement of Financial Position, Collateral received, Securities purchased under agreements to resell	(525,843)	(199,110)
Securities purchased under agreements to resell, Net amount	1,610	828
Gross amounts of recognized assets	892,581	531,061
Net amounts presented in the Statements of Financial Condition	892,581	531,061
Gross amounts not offset in the Statement of Financial Position	(117,821)	(64,175)
Gross amounts not offset in the Statement of Financial Position, Collateral received	(761,543)	(443,688)
Net amount	13,217	$ 23,198
Interest Rate Contracts [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets	52,129
Net amounts presented in the Statements of Financial Condition	52,129
Gross amounts not offset in the Statement of Financial Position	(25,149)
Gross amounts not offset in the Statement of Financial Position, Collateral received	$ (26,980)

Disclosures About Offsetting _4

Disclosures About Offsetting Assets and Liabilities (Financial Assets and Derivative Assets that are Subject to Offset) (Details) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Offsetting Assets [Line Items]
Fair value of securities received as collateral	$ 525,843	$ 199,110
Fair Value Of Securities Received As Collateral [Member]
Offsetting Assets [Line Items]
Fair value of securities received as collateral	578,100	$ 217,300
Fair Value Of Securities Received As Collateral [Member] | Interest Rate Contracts [Member]
Offsetting Assets [Line Items]
Fair value of securities received as collateral	$ 95,500

Disclosures About Offsetting _5

Disclosures About Offsetting Assets and Liabilities (Financial Liabilities and Derivative Liabilities that are Subject to Offset) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities, Securities lending	$ (149,219)	$ (145,124)
Net amounts presented in the Statement of Financial Condition, Securities lending	(149,219)	(145,124)
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities lending	40,259	46,183
Gross amounts not offset in the Statement of Financial Position, Collateral pledged, Securities lending	108,955	98,925
Securities lending, Net amount	(5)	(16)
Gross amounts of recognized liabilities, Securities purchased under agreements to resell	(385,528)	(190,955)
Net amounts presented in the Statement of Financial Condition, Securities purchased under agreements to resell	(385,528)	(190,955)
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities purchased under agreements to resell	52,413	17,992
Gross amounts not offset in the Statement of Financial Position, Collateral pledged, Securities purchased under agreements to resell	333,115	172,963
Gross amounts of recognized liabilities	(586,894)	(336,079)
Net amounts presented in the Statement of Financial Condition	(586,894)	(336,079)
Gross amounts not offset in the Statement of Financial Position, Financial instruments	117,821	64,175
Gross amounts not offset in the Statement of Financial Condition, Collateral pledged	469,068	271,888
Net amount	(5)	$ (16)
Interest Rate Contracts [Member]
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities	(52,147)
Net amounts presented in the Statement of Financial Condition	(52,147)
Gross amounts not offset in the Statement of Financial Position, Financial instruments	25,149
Gross amounts not offset in the Statement of Financial Condition, Collateral pledged	$ 26,998

Disclosures About Offsetting _6

Disclosures About Offsetting Assets and Liabilities (Financial Liabilities and Derivative Liabilities that are Subject to Offset) (Details) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Offsetting Liabilities [Line Items]
Fair value of securities pledged as collateral to counterparty	$ 333,115	$ 172,963
Fair Value Of Securities Pledged As Collateral [Member] | Interest Rate Contracts [Member]
Offsetting Liabilities [Line Items]
Fair value of securities pledged as collateral to counterparty	35,700
U.S. Government Agency Securities And U.S. Government Securities And Corporate Fixed Income Securities [Member] | Fair Value Of Securities Pledged As Collateral [Member]
Offsetting Liabilities [Line Items]
Fair value of securities pledged as collateral to counterparty	$ 392,700	$ 200,200

Commitments, Guarantees, and _2

Commitments, Guarantees, and Contingencies (Narrative) (Details) $ in Millions	Dec. 31, 2021USD ($)
Purchase Commitments [Member] | To Be Announced Security Contracts [Member]
Loss Contingencies [Line Items]
Estimated fair value of the purchase commitments	$ 156.6

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Narrative) (Details) $ in Millions	Dec. 31, 2021USD ($)
Our Other Broker-Dealer Subsidiaries
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Ratio of indebtedness to net capital	15
Stifel Nicolaus [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Aggregate debit balances	41.70%
Net capital	$ 614.2
Excess of minimum required net capital	584.8
Stifel Financial Corp. [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Net capital under the alternative method	$ 1
Aggregate debit balances	2.00%

Regulatory Capital Requiremen_4

Regulatory Capital Requirements (Schedule Of Total Risk-Based, Tier 1 Risk-Based, And Tier 1 Leverage Ratios) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Stifel Financial Corp. [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 3,623,954
Tier 1 capital, Actual Ratio	0.187
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 1,161,979
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.060
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,549,306
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080
Total capital, Actual Amount	$ 3,788,860
Total capital, Actual Ratio	0.196
Total capital For Capital Adequacy Purposes, Amount	$ 1,549,306
Total capital For Capital Adequacy Purposes, Ratio	0.080
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,936,632
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100
Tier 1 leverage, Actual Amount	$ 3,623,954
Tier 1 leverage, Actual Ratio	0.117
Tier 1 leverage For Capital Adequacy Purposes, Amount	$ 1,237,181
Tier 1 leverage For Capital Adequacy Purposes, Ratio	0.040
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,546,477
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.050
Stifel Financial Corp. [Member] | Common Stock [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 2,938,954
Tier 1 capital, Actual Ratio	0.152
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 871,484
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.045
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,258,811
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065
Stifel Bank & Trust [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 1,274,994
Tier 1 capital, Actual Ratio	0.106
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 720,080
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.060
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 960,106
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080
Total capital, Actual Amount	$ 1,380,984
Total capital, Actual Ratio	0.115
Total capital For Capital Adequacy Purposes, Amount	$ 960,106
Total capital For Capital Adequacy Purposes, Ratio	0.080
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,200,133
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100
Tier 1 leverage, Actual Amount	$ 1,274,994
Tier 1 leverage, Actual Ratio	0.071
Tier 1 leverage For Capital Adequacy Purposes, Amount	$ 720,241
Tier 1 leverage For Capital Adequacy Purposes, Ratio	0.040
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 900,301
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.050
Stifel Bank & Trust [Member] | Common Stock [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 1,274,994
Tier 1 capital, Actual Ratio	0.106
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 540,060
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.045
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 780,086
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065
Stifel Bank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 302,231
Tier 1 capital, Actual Ratio	0.138
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 131,833
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.060
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 175,777
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080
Total capital, Actual Amount	$ 310,902
Total capital, Actual Ratio	0.141
Total capital For Capital Adequacy Purposes, Amount	$ 175,777
Total capital For Capital Adequacy Purposes, Ratio	0.080
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 219,722
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100
Tier 1 leverage, Actual Amount	$ 302,231
Tier 1 leverage, Actual Ratio	0.071
Tier 1 leverage For Capital Adequacy Purposes, Amount	$ 171,158
Tier 1 leverage For Capital Adequacy Purposes, Ratio	0.040
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 213,947
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.050
Stifel Bank [Member] | Common Stock [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 302,231
Tier 1 capital, Actual Ratio	0.138
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 98,875
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.045
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 142,819
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessee Lease Description [Line Items]
Operating lease right-of-use assets	$ 750,734	$ 793,181
Operating lease liabilities	$ 799,099	$ 839,800
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Minimum [Member] | Office Space and Office Equipment [Member]
Lessee Lease Description [Line Items]
Operating leases remaining lease term	1 year
Maximum [Member] | Office Space and Office Equipment [Member]
Lessee Lease Description [Line Items]
Operating leases remaining lease term	14 years

Operating Leases - Schedule of

Operating Leases - Schedule of Net Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessee Disclosure [Abstract]
Operating lease cost	$ 102,652	$ 102,595
Short-term lease cost	505	502
Variable lease cost	1,076	68
Sublease income	(2,560)	(3,894)
Net lease cost	101,673	$ 99,271
Operating lease cash flows	100,330
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 41,304
Weighted-average remaining lease term	11 years 6 months
Weighted-average discount rate	4.12%

Operating Leases - Schedule o_2

Operating Leases - Schedule of Information About Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Lessee Disclosure [Abstract]
2022	$ 99,713
2023	97,969
2024	96,241
2025	94,634
2026	92,809
Thereafter	532,614
Total undiscounted lease payments	1,013,980
Imputed interest	(214,881)
Total operating lease liabilities	$ 799,099	$ 839,800
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and accrued expenses	Accounts payable and accrued expenses

Revenues from Contracts with _3

Revenues from Contracts with Customers (Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenues) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Revenue from contracts with customers	$ 3,615,636	$ 2,678,888
Other sources of revenue:
Interest	548,400	523,832	$ 724,882
Principal transactions	581,164	588,303	404,751
Other Income	37,886	26,816
Total revenues	4,783,086	3,817,839	3,514,961
Commissions [Member]
Revenues:
Revenue from contracts with customers	809,500	760,627	667,494
Investment Banking [Member]
Revenues:
Revenue from contracts with customers	1,565,381	952,308	$ 817,421
Asset Management [Member]
Revenues:
Revenue from contracts with customers	1,206,516	917,424
Other [Member]
Revenues:
Revenue from contracts with customers	$ 34,239	$ 48,529

Revenues From Contracts With _4

Revenues From Contracts With Customers (Revenues from Contracts with Customers Disaggregated by Major Business Activity and Primary Geographic Regions) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Commissions		$ 809,500	$ 760,627
Investment banking		1,565,381	952,308
Revenue from contracts with customers		3,615,636	2,678,888
Capital Raising [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	[1]	709,298	524,157
Advisory [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	[1]	856,083	428,151
Asset Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,206,516	917,424	$ 848,035
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		34,239	48,529
Global Wealth Management [Member]
Disaggregation Of Revenue [Line Items]
Commissions		567,491	513,247
Investment banking		48,210	36,024
Revenue from contracts with customers		1,854,521	1,512,062
Global Wealth Management [Member] | Capital Raising [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	[1]	48,210	36,005
Global Wealth Management [Member] | Advisory [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	[1]		19
Global Wealth Management [Member] | Asset Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,206,406	917,353
Global Wealth Management [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		32,414	45,438
Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Commissions		242,009	247,380
Investment banking		1,517,171	916,284
Revenue from contracts with customers		1,759,290	1,163,735
Institutional Group [Member] | Capital Raising [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	[1]	661,088	488,152
Institutional Group [Member] | Advisory [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	[1]	856,083	428,132
Institutional Group [Member] | Asset Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		110	71
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,825	3,091
Other [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,825	3,091
United States [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		3,289,559	2,455,425
United States [Member] | Global Wealth Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,854,521	1,512,062
United States [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,433,213	940,272
United States [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		1,825	3,091
United Kingdom [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		188,984	143,960
United Kingdom [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		188,984	143,960
Canada [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		93,068	40,446
Canada [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		93,068	40,446
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		44,025	39,057
Other [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers		$ 44,025	$ 39,057
[1]	Excludes revenues not derived from contracts with customers in the Other segment.

Revenues From Contracts With _5

Revenues From Contracts With Customers (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Receivables related to contract with customers	$ 187,200,000	$ 148,600,000
Impairment related to receivables	0
Deferred Revenue	$ 17,500,000	$ 12,100,000

Interest Income and Interest _3

Interest Income and Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Income Expense Net [Abstract]
Loans held for investment, net	$ 378,086	$ 331,813	$ 379,848
Investment securities	129,858	149,915	231,021
Margin balances	25,780	28,155	52,008
Financial instruments owned	15,041	12,594	23,528
Other	(365)	1,355	38,477
Total interest income	548,400	523,832	724,882
Senior notes	47,500	54,063	44,507
Bank deposits	4,510	14,550	95,813
Other	(6,012)	(2,835)	37,611
Total interest expense	$ 45,998	$ 65,778	$ 177,931

Employee Incentive, Deferred _3

Employee Incentive, Deferred Compensation, And Retirement Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to grant	8,200,000
Stock-based compensation	$ 119,384,000	$ 108,217,000	$ 102,190,000
Provision for income tax expense (benefit)	242,223,000	147,688,000	149,152,000
Contributions to profit sharing	15,200,000	13,900,000	13,400
Debentures [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	64,400,000	47,500,000	30,600,000
Deferred Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to non-vested options	$ 555,000,000
Weighted-average period, compensation cost expected to recognized, in years	2 years 7 months 6 days
Fair value of stock awards vested	$ 145,400,000
Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	120,700,000	108,700,000	104,900,000
Tax benefit related to stock-based compensation	26,900,000	25,100,000	26,300,000
Excess tax benefit related to vested stock-based compensation	$ 38,700,000	$ 26,200,000	$ 11,900,000
Restricted Stock Units, PRSUs, and Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of stock awards outstanding	20,200,000
Unvested stock awards outstanding	17,500,000
Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	5 years
Award performance period	4 years
Performance-based Restricted Stock Units [Member] | One to Four Years [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of earned award vested	80.00%
Performance-based Restricted Stock Units [Member] | Fifth Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of earned award vested	20.00%
SWAP Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Elective deferrals vested percentage	100.00%
Percentage of earnings deferred into company stock units	5.00%
Percentage of earnings deferred into company stock units, Additional elective deferral	1.00%
Minimum [Member] | Deferred Compensation Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	1 year
Minimum [Member] | Deferred Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	1 year
Minimum [Member] | Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	1 year
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	1 year
Minimum [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Potential percentage of converted shares	0.00%
Minimum [Member] | SWAP Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	1 year
Maximum [Member] | Deferred Compensation Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	8 years	8 years
Maximum [Member] | Deferred Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	10 years	10 years
Maximum [Member] | Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	2 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	10 years
Maximum [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Potential percentage of converted shares	200.00%
Maximum [Member] | SWAP Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period in years	10 years	10 years

Employee Incentive, Deferred _4

Employee Incentive, Deferred Compensation, And Retirement Plans (Schedule Of Unvested Restricted Stock Award Roll Forward) (Details) - Restricted Stock Units and Restricted Stock Awards [Member] shares in Thousands	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested, Beginning balance | shares	17,929
Granted | shares	4,117
Vested | shares	(4,274)
Cancelled | shares	(246)
Unvested, Ending balance | shares	17,526
Unvested, Weighted-average grant date fair value, Beginning balance | $ / shares	$ 33.61
Granted, Weighted-average grant date fair value | $ / shares	61.67
Vested, Weighted-average grant date fair value | $ / shares	34.02
Cancelled, Weighted-average grant date fair value | $ / shares	34.70
Unvested, Weighted-average grant date fair value, Ending balance | $ / shares	$ 40.09

Off-Balance Sheet Credit Risk (

Off-Balance Sheet Credit Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
General settlement period of securities transactions	2 days
Fair value of securities accepted as collateral permitted to sell or repledge	$ 2,300	$ 1,800
Fair value of collateral securities sold or repledged	385.5	191
Outstanding commitments to originate loans	545.5	889
Letters of credit outstanding	22.9	31.8
Unfunded Commitment [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Expected Credit Losses For Unfunded Credit Loss	19.2
Unused Lines Of Credit [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unused lines of credit to commercial and consumer borrowers	$ 3,100	$ 2,500
Standby Letters of Credit [Member] | Maximum [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Letters of credit, expiration period	1 year

Income Taxes (Provision For Inc

Income Taxes (Provision For Income Taxes/(Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Current taxes: Federal	$ 167,258	$ 143,859	$ 123,802
Current taxes: State	39,911	42,705	30,464
Current taxes: Foreign	2,950	(236)	1,684
Current taxes: Total	210,119	186,328	155,950
Deferred taxes: Federal	19,747	(31,019)	(7,027)
Deferred taxes: State	5,640	(5,803)	4,266
Deferred taxes: Foreign	6,717	(1,818)	(4,037)
Deferred Income Tax Expense (Benefit), Total	32,104	(38,640)	(6,798)
Provision for income taxes	$ 242,223	$ 147,688	$ 149,152

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of The Statutory Federal Income Tax With The Company's Effective Tax Rate) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Statutory rate	$ 224,087	$ 136,744	$ 125,485
State income taxes, net of federal income tax	37,169	27,934	28,333
Change in uncertain tax position	841	666	2,661
Foreign tax rate difference	125	(2,032)	(629)
Excess tax benefit from stock-based compensation	(32,004)	(21,605)	(9,670)
Non-deductible business expenses	9,732	7,957	8,390
Other, net	2,273	(1,976)	(5,418)
Provision for income taxes	$ 242,223	$ 147,688	$ 149,152

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Lease liabilities	$ 187,576	$ 211,524
Deferred compensation	79,081	79,068
Accrued expenses	46,539	73,835
Receivable reserves	38,432	41,963
Net operating loss carryforwards	24,837	32,727
Depreciation	1,302
Other	4,155	3,311
Total deferred tax assets	381,922	442,428
Valuation allowance	(14,515)	(11,740)
Deferred tax assets	367,407	430,688
Lease ROU asset	(186,168)	(210,670)
Goodwill and other intangibles	(54,887)	(51,189)
Unrealized gain on investments	(7,841)	(11,585)
Prepaid expenses	(7,228)	(5,396)
Depreciation		(15,371)
Total deferred tax liabilities	(256,124)	(294,211)
Net deferred tax asset	$ 111,283	$ 136,477

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax [Line Items]
Net operating loss carryforward	$ 193,500,000
Valuation allowance increase	2,800,000
Net deferred tax asset	111,283,000	$ 136,477,000
Unrecognized tax benefits	4,924,000	3,962,000	$ 3,387,000	$ 312,000
Unrecognized tax benefits, accrued interest and penalties	300,000	400,000
Accounts Payable and Accrued Expenses [Member]
Income Tax [Line Items]
Current taxes payable	7,300,000	38,200,000
Other Assets [Member]
Income Tax [Line Items]
Current taxes receivable	$ 44,200,000	$ 0

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Beginning balance	$ 3,962	$ 3,387	$ 312
Increase related to prior year tax positions	2,719	977	2,173
Decrease related to prior year tax positions	(119)	(11)	(54)
Increase related to current year tax positions	745	790	956
Decrease related to settlements with taxing authorities	(2,370)	(1,181)
Decrease related to lapsing of statute of limitations	(13)
Ending balance	$ 4,924	$ 3,962	$ 3,387

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021Segment
Segment Reporting Information [Line Items]
Number of business segments	3
Global Wealth Management [Member]
Segment Reporting Information [Line Items]
Number of businesses within operating segment	2

Segment Reporting (Schedule Of

Segment Reporting (Schedule Of Operating Information, Segment) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net revenues	[1]	$ 4,737,088	$ 3,752,061	$ 3,337,030
Income/(loss) before income taxes		1,067,081	651,160	599,138
Global Wealth Management [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	2,598,837	2,190,826	2,130,559
Income/(loss) before income taxes		914,953	725,884	785,960
Institutional Group [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	2,152,439	1,583,147	1,214,017
Income/(loss) before income taxes		558,937	325,285	175,670
Other Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	(14,188)	(21,912)	(7,546)
Income/(loss) before income taxes		$ (406,809)	$ (400,009)	$ (362,492)
[1]	No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2021, 2020, and 2019.

Segment Reporting (Schedule O_2

Segment Reporting (Schedule Of Operating Information, Segment) (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting [Abstract]
Net revenues accounted for by individual client, maximum percentage	10.00%	10.00%	10.00%

Segment Reporting (Schedule O_3

Segment Reporting (Schedule Of Information Of Total Assets On Segment Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total assets	$ 34,049,715	$ 26,604,254
Global Wealth Management [Member]
Segment Reporting Information [Line Items]
Total assets	28,219,800	21,743,202
Institutional Group [Member]
Segment Reporting Information [Line Items]
Total assets	5,151,841	3,733,661
Other Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 678,074	$ 1,127,391

Segment Reporting (Schedule O_4

Segment Reporting (Schedule Of Net Revenues Earned On Major Geographical Areas) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total net revenues	[1]	$ 4,737,088	$ 3,752,061	$ 3,337,030
United States [Member]
Segment Reporting Information [Line Items]
Total net revenues		4,332,743	3,460,930	3,154,285
United Kingdom [Member]
Segment Reporting Information [Line Items]
Total net revenues		239,559	197,859	163,552
Canada [Member]
Segment Reporting Information [Line Items]
Total net revenues		109,285	39,893	2,115
Other [Member]
Segment Reporting Information [Line Items]
Total net revenues		$ 55,501	$ 53,379	$ 17,078
[1]	No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2021, 2020, and 2019.

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income applicable to Stifel Financial Corp.		$ 824,858	$ 503,472	$ 448,396
Preferred dividends		35,587	27,261	17,319
Net income available to common shareholders		$ 789,271	$ 476,211	$ 431,077
Average shares used in basic computation		107,536	106,174	107,997
Dilutive effect of stock options and units	[1]	10,994	8,399	9,881
Average shares used in diluted computation		118,530	114,573	117,878
Basic		$ 7.34	$ 4.49	$ 3.99
Diluted		$ 6.66	$ 4.16	$ 3.66
[1]	Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include units.

Earnings Per Share (Details)

Earnings Per Share (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Cash dividends declared per common share	$ 0.60	$ 0.45	$ 0.40
Cash dividends paid per common share	$ 0.60	$ 0.45	$ 0.40

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 01, 2021	Aug. 20, 2021	Jul. 22, 2021	Nov. 11, 2020	May 19, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Number of shares authorized to be repurchased						10,800,000
Purchase of treasury stock						$ 172.7	$ 58.3
Treasury stock acquired, Shares,						2,500,000	1,700,000
Treasury Stock Acquired, Average Cost Per Share						$ 69.53	$ 33.35
Common stock reissued						2,600,000	1,600,000
Preferred stock, dividend rate percentage				50.00%
Preferred stock, par value						$ 1	$ 1	$ 1
Non-Cumulative Perpetual Preferred Stock, Series C [Member]
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Issuance of preferred stock					$ 225
Preferred stock, dividend rate percentage					6.125%
Preferred stock, par value					$ 1
Preferred stock liquidation preference per depositary share					25
Preferred stock, liquidation preference per share					$ 25,000
Preferred stock, redemption terms						The Company may redeem the Series C preferred stock at its option, subject to regulatory approval, on or after June 15, 2025.
Series C Preferred Stock [Member] | Over-Allotment Option [Member]
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Issuance of preferred stock					$ 25
Non Cumulative Perpetual Series D Preferred Stock [Member]
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Preferred stock, dividend rate percentage			4.50%
Preferred stock, par value			$ 1
Preferred stock liquidation preference per depositary share			25
Preferred stock, liquidation preference per share			$ 25,000
Preferred stock, redemption terms						The Company may redeem the Series D preferred stock at its option, subject to regulatory approval, on or after August 15, 2026.
Underwritten registered public offering			$ 300
Non Cumulative Perpetual Series A Preferred Stock [Member]
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Preferred stock, dividend rate percentage		6.25%
Preferred stock redemption price per depositary share		$ 25
Vining Sparks [Member]
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Common stock reissued	1,200,000

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Assets in partnership	$ 34,049,715	$ 26,604,254
Variable Interest Entity Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Assets in partnership	384,500
Investment Vehicle [Member] | Variable Interest Entity Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Assets in partnership	101,300
Debt and Equity [Member] | Variable Interest Entity Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Carrying amount of debt and equity investments	$ 77,100

Subsequent Events (Details)

Subsequent Events (Details)	12 Months Ended
	Dec. 31, 2021Event
Subsequent Events [Abstract]
Number of types of subsequent events	2