Stifel Financial (SF) 10-K 17 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 10, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
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			$ 6.1
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, 2022, 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		106,700,960
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, 2022		Dec. 31, 2021
Assets
Cash and cash equivalents		$ 2,199,985		$ 1,963,326
Cash segregated for regulatory purposes		29,017		186,331
Receivables:
Brokerage clients, net		924,385		1,152,877
Brokers, dealers, and clearing organizations		418,091		574,256
Securities purchased under agreements to resell		348,162		579,866
Financial instruments owned, at fair value		731,752		1,157,004
Available-for-sale securities, at fair value		1,636,041	[1]	2,113,893
Held-to-maturity securities, at amortized cost	[2]	5,990,451		5,348,558
Loans:
Held for investment, net		20,465,092		16,627,847
Held for sale, at lower of cost or market		156,912		207,715
Investments, at fair value		99,376		117,804
Fixed assets, net		200,043		168,206
Operating lease right-of-use assets, net		775,949		750,734
Goodwill		1,326,548		1,306,892
Intangible assets, net		130,589		148,157
Loans and advances to financial advisors and other employees, net		654,112		653,955
Deferred tax assets, net		159,207		111,283
Other assets		950,412		881,011
Total assets		37,196,124		34,049,715
Payables:
Brokerage clients		770,336		971,924
Brokers, dealers, and clearing organizations		94,954		257,729
Drafts		102,212		122,617
Securities sold under agreements to repurchase		212,011		385,528
Bank deposits		27,117,111		23,280,348
Financial instruments sold, but not yet purchased, at fair value		454,817		756,150
Accrued compensation		677,376		932,804
Accounts payable and accrued expenses		1,264,282		1,134,178
Senior notes, net		1,114,554		1,113,478
Debentures to Stifel Financial Capital Trusts		60,000		60,000
Total liabilities		31,867,653		29,014,756
Equity
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 27,400 shares		685,000		685,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 111,662,034 and 111,661,763 shares, respectively		16,749		16,749
Additional paid-in-capital		1,928,069		1,922,382
Retained earnings		3,169,095		2,757,208
Accumulated other comprehensive income/(loss)		(117,960)		4,718
Treasury stock, at cost, 6,314,033 and 7,162,850 shares, respectively		(352,482)		(351,098)
Total equity		5,328,471		5,034,959
Total liabilities and equity		$ 37,196,124		$ 34,049,715
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis. 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, 2022	Dec. 31, 2021
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	27,400
Common stock, par value	$ 0.15	$ 0.15
Common stock, shares authorized	194,000,000	194,000,000
Common stock, shares issued	111,662,034	111,661,763
Treasury stock, shares	6,314,033	7,162,850

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Commissions		$ 710,589	$ 809,500	$ 760,627
Principal transactions		529,033	581,164	588,303
Investment banking		971,485	1,565,381	952,308
Asset management		1,262,919	1,206,516	917,424
Interest		1,099,115	548,400	523,832
Other income		19,685	72,125	75,345
Total revenues		4,592,826	4,783,086	3,817,839
Interest expense		201,387	45,998	65,778
Net revenues	[1]	4,391,439	4,737,088	3,752,061
Non-interest expenses:
Compensation and benefits		2,586,232	2,820,301	2,279,335
Occupancy and equipment rental		313,247	290,243	274,664
Communications and office supplies		175,135	165,490	164,736
Commissions and floor brokerage		57,752	59,681	55,960
Provision for credit losses		33,506	(11,502)	33,925
Other operating expenses		340,451	345,794	292,281
Total non-interest expenses		3,506,323	3,670,007	3,100,901
Income before income tax expense		885,116	1,067,081	651,160
Provision for income taxes		222,961	242,223	147,688
Net income		662,155	824,858	503,472
Preferred dividends		37,281	35,587	27,261
Net income available to common shareholders		$ 624,874	$ 789,271	$ 476,211
Earnings per common share:
Basic		$ 5.74	$ 7.34	$ 4.49
Diluted		5.32	6.66	4.16
Cash dividends declared per common share		$ 1.20	$ 0.60	$ 0.45
Weighted-average number of common shares outstanding:
Basic		108,848	107,536	106,174
Diluted		117,540	118,530	114,573
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2022, 2021, and 2020.

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income		$ 662,155	$ 824,858	$ 503,472
Other comprehensive income/(loss), net of tax:
Changes in unrealized gains/(losses) on available-for-sale securities, net of tax	[1],[2]	(177,731)	(19,385)	33,133
Changes in unrealized losses on cash flow hedging instruments, net of tax	[1]	0	0	(651)
Foreign currency translation adjustment, net of tax	[1],[3]	55,053	(3,536)	6,862
Total other comprehensive income/(loss), net of tax	[1]	(122,678)	(22,921)	39,344
Comprehensive income		$ 539,477	$ 801,937	$ 542,816
[1] Net of a tax benefit of $ 41.3 million, tax benefit of $ 6.7 million, and tax expense of $ 11.5 million for the years ended December 31, 2022, 2021, and 2020, respectively. There were no reclassifications to earnings for the years ended December 31, 2022, 2021, and 2020. During the year ended December 31, 2022, we closed our derivative instruments used to hedge the foreign exchange risk related to our equity investment in non-U.S. Dollar functional currency foreign subsidiaries, primarily the British Pound and Euro. The cumulative gain recognized on these hedges was $ 98.3 million (net of $ 23.3 million in taxes). We expect minimal, if any, of these gains to be reclassified from other comprehensive income into earnings over the next 12 months.

Consolidated Statements Of Co_2

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other comprehensive income/(loss), tax (benefit) expense	$ 41,300,000	$ 6,700,000	$ 11,500
Reclassifications to earnings of realized gains/(losses) on available-for-sale securities	0	$ 0	$ 0
Cumulative gain recognized on hedges	98,300,000
Cumulative gain recognized on hedges, Net of tax	$ 23,300,000

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, Adjustment Revision of Prior Period, Adjustment	[4]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest	Parent [Member]
Balance, beginning of year at Dec. 31, 2019			$ 310,000	$ 16,749	$ 1,903,703	$ 1,715,704			$ (11,705)	$ (319,660)	$ 54,999
Net income	$ 503,472					503,472
Unit amortization, net of forfeitures					118,229
Distributions under employee plans					(126,514)	(49,427)				70,182
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	[1],[2]							33,133
Unrealized losses on cash flow hedging activities, net of tax									(651)
Foreign currency translation adjustment, net of tax	6,862	[1],[3]							6,862
Other					219	386
Deconsolidation of non-controlling interest											(54,999)
Common stock repurchased										(58,261)
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)	0	$ 4,238,766
Net income	824,858					824,858
Unit amortization, net of forfeitures					127,458
Distributions under employee plans					(120,158)	(35,233)				74,568
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)	[1],[2]							(19,385)
Foreign currency translation adjustment, net of tax	(3,536)	[1],[3]							(3,536)
Other					26	(528)
Common stock repurchased	(172,700)									(172,741)
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)	0	5,034,959
Net income	662,155					662,155
Unit amortization, net of forfeitures					150,408
Distributions under employee plans					(144,658)	(65,415)				104,447
Dividends declared, Common						(148,694)
Dividends declared, Preferred						(37,281)
Unrealized gains/(losses) on securities, net of tax	(177,731)	[1],[2]							(177,731)
Foreign currency translation adjustment, net of tax	55,053	[1],[3]							55,053
Other					(63)	1,122
Common stock repurchased	(105,800)									(105,831)
Balance, end of year at Dec. 31, 2022	$ 5,328,471		$ 685,000	$ 16,749	$ 1,928,069	$ 3,169,095			$ (117,960)	$ (352,482)	$ 0	$ 5,328,471
[1] Net of a tax benefit of $ 41.3 million, tax benefit of $ 6.7 million, and tax expense of $ 11.5 million for the years ended December 31, 2022, 2021, and 2020, respectively. There were no reclassifications to earnings for the years ended December 31, 2022, 2021, and 2020. During the year ended December 31, 2022, we closed our derivative instruments used to hedge the foreign exchange risk related to our equity investment in non-U.S. Dollar functional currency foreign subsidiaries, primarily the British Pound and Euro. The cumulative gain recognized on these hedges was $ 98.3 million (net of $ 23.3 million in taxes). We expect minimal, if any, of these gains to be reclassified from other comprehensive income into earnings over the next 12 months. 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.

Consolidated Statements Of Ch_2

Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows From Operating Activities:
Net income	$ 662,155	$ 824,858	$ 503,472
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	50,615	45,574	40,863
Amortization of loans and advances to financial advisors and other employees	132,012	114,690	103,983
Amortization of premium on investment portfolio	12,156	17,042	20,739
Provision for credit losses and allowance for loans and advances to financial advisors and other employees	33,506	(11,502)	33,925
Amortization of intangible assets	19,595	18,188	19,620
Deferred income taxes	12,693	32,104	(39,071)
Stock-based compensation	135,505	119,384	108,217
Unrealized losses on investments	11,892	2,999	18,908
Other, net	8,852	26,222	(10,326)
Receivables:
Brokerage clients, net	228,492	(214,033)	415,286
Brokers, dealers, and clearing organizations	156,165	(8,496)	78,298
Securities purchased under agreements to resell	231,704	(266,801)	167,078
Financial instruments owned, including those pledged	425,252	(271,475)	278,904
Loans originated as held for sale	(576,153)	(1,997,561)	(3,019,290)
Proceeds from mortgages held for sale	593,086	2,313,934	2,894,742
Loans and advances to financial advisors and other employees	(132,384)	(172,553)	(179,995)
Other assets	(66,020)	(96,700)	(117,471)
Increase/(decrease) in operating liabilities, net of liabilities assumed:
Brokerage clients	(201,588)	(92,015)	323,493
Brokers, dealers, and clearing organizations	(81,661)	6,535	(71,144)
Drafts	(20,405)	4,880	(2,021)
Financial instruments sold, but not yet purchased	(301,333)	229,708	(224,874)
Other liabilities and accrued expenses	(176,721)	247,112	318,480
Net cash provided by operating activities	1,157,415	872,094	1,661,816
Cash Flows From Investing Activities:
Principal paydowns, calls, maturities, and sales of available-for-sale securities	330,049	562,352	896,746
Calls and principal paydowns of held-to-maturity securities	114,741	1,751,313	159,964
Sale of fixed assets	0	148,375	0
Sale or maturity of investments	20,753	19,606	2,139
Disposition of business	0	0	37,000
Increase in loans held for investment, net	(3,822,654)	(5,609,314)	(1,441,303)
Payments for:
Purchase of available-for-sale securities	(103,339)	(813,657)	(864,200)
Purchase of held-to-maturity securities	(754,306)	(2,668,221)	(384,700)
Purchase of investments	(15,551)	(23,309)	(21,317)
Purchase of fixed assets	(82,327)	(188,176)	(73,364)
Acquisitions, net of cash received	(11,903)	(144,471)	(280)
Net cash used in investing activities	(4,324,537)	(6,965,502)	(1,689,315)
Cash Flows from Financing Activities:
Increase/(decrease) in securities sold under agreements to repurchase	(173,517)	135,588	(200,679)
Increase in bank deposits, net	3,836,763	5,883,851	2,063,916
Increase/(decrease) in securities loaned	(81,114)	4,095	(463,210)
Tax payments related to shares withheld for stock-based compensation plans	(102,546)	(78,565)	(75,838)
Repurchase of common stock	(105,831)	(172,741)	(58,261)
Cash dividends on preferred stock	(37,281)	(35,587)	(27,261)
Cash dividends paid to common stock and equity-award holders	(133,747)	(66,336)	(46,497)
Payment of contingent consideration	(11,313)	(16,798)	(28,221)
Other financing, net	0	140,888	34,924
Net cash provided by financing activities	3,191,414	5,794,395	1,198,873
Effect of exchange rate changes on cash	55,053	(3,536)	6,862
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes	79,345	(302,549)	1,178,236
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of year	2,149,657	2,452,206	1,273,970
Cash, cash equivalents, and cash segregated for regulatory purposes at end of year	2,229,002	2,149,657	2,452,206
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds	217,133	288,950	160,007
Cash paid for interest	220,851	62,510	84,821
Noncash investing and financing activities:
Unit grants, net of forfeitures	194,741	156,535	125,033
Issuance of common stock for acquisitions	$ 0	$ 90,000	$ 0

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 2,199,985	$ 1,963,326	$ 2,279,274
Cash segregated for regulatory purposes	29,017	186,331	172,932
Total cash, cash equivalents, and cash segregated for regulatory purposes	$ 2,229,002	$ 2,149,657	$ 2,452,206

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
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. 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 29 for additional information on VIEs.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
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, 2022. 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. 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, 2022, 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 $ 19.8 million and $ 19.6 million at December 31, 2022 and 2021, 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. See Note 14 for additional details. 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 not 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 fee

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Acquisitions	NOTE 3 – Ac quisitions ACXIT Capital Partners On July 1, 2022 , the Company acquired ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. Consideration for this acquisition consisted primarily of cash from operations. 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 $ 17.3 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 with an acquisition-date fair value of $ 5.0 million. The goodwill represents the value expected from the synergies created through the operational enhancement benefits that will result from the integration of the ACXIT Capital Partners business. Goodwill will not be deductible for federal income tax purposes. We recognized a liability for estimated earn-out payments. These payments will be based on the performance of ACXIT Capital Partners over a one-year period. The liability for earn-out payments was $ 5.2 million at December 31, 2022. The contingent consideration accrual is included in accounts payable and accrued expenses in the consolidated statements of financial condition. 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 ACXIT Capital Partners have been included in our results prospectively from the date of acquisition. 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 $ 127.0 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 $ 5.2 million and $ 10.5 million at December 31, 2022 and 2021, 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 $ 5.5 million and $ 18.5 million at December 31, 2022 and 2021, 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 performed better than our original projections. The additional earn-out expense was 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, 2022
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, 2022 and 2021, included (in thousands) : December 31, 2022 2021 Deposits paid for securities borrowed $ 219,052 $ 260,586 Receivables from clearing organizations 186,800 278,482 Securities failed to deliver 12,239 35,188 $ 418,091 $ 574,256 Amounts payable to brokers, dealers, and clearing organizations at December 31, 2022 and 2021, included (in thousands) : December 31, 2022 2021 Deposits received from securities loaned $ 68,105 $ 149,219 Payable to clearing organizations 14,464 44,340 Securities failed to receive 12,385 64,170 $ 94,954 $ 257,729 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, 2022
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 syndicated 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, 2022 December 31, 2021 Fair value of investments Unfunded commitments Fair value of investments Unfunded commitments Partnership interests $ 18,817 $ 9,853 $ 13,372 $ 12,721 Mutual funds 4,728 — 7,310 — Money market funds 1,650 — 3,004 — Private equity funds 417 1,181 2,376 1,203 Total $ 25,612 $ 11,034 $ 26,062 $ 13,924 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, state and municipal 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 have classified our derivatives as Level 2. The counterparties to most of our company’s derivative transactions represent regulated banks, bank holding companies, and derivative clearing houses. Management has determined that the counterparty credit risk associated with its derivative transactions is not significant. Accordingly, the recorded fair values for these transactions have not been adjusted to reflect counterparty credit risk. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2022, are presented below (in thousands) : December 31, 2022 Total Level 1 Level 2 Level 3 Financial instruments owned: U.S. government securities $ 38,956 $ 38,956 $ — $ — U.S. government agency securities 73,608 — 73,608 — Agency mortgage-backed securities 172,642 — 172,642 — Asset-backed securities 8,270 — 6,091 2,179 Corporate securities: Fixed income securities 202,169 689 201,480 — Equity securities 38,129 37,383 746 — State and municipal securities 126,237 — 126,237 — Other (1) 71,741 — 1,853 69,888 Total financial instruments owned 731,752 77,028 582,657 72,067 Available-for-sale securities: U.S. government agency securities 2,148 — 2,148 — State and municipal securities 2,351 — 2,351 — Mortgage-backed securities: Agency 791,022 — 791,022 — Commercial 66,113 — 66,113 — Non-agency 388 — 388 — Corporate fixed income securities 566,294 — 566,294 — Asset-backed securities 207,725 — 207,725 — Total available-for-sale securities 1,636,041 — 1,636,041 — Investments: Corporate equity securities 23,597 9,928 1,791 11,878 Auction rate securities 14,681 — — 14,681 Other 37,136 117 45 36,974 Investments in funds and partnerships measured at NAV 23,962 Total investments 99,376 10,045 1,836 63,533 Cash equivalents measured at NAV 1,650 Derivative contracts (2) 142,042 — 142,042 — $ 2,610,861 $ 87,073 $ 2,362,576 $ 135,600 (1) Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. (2) Included in other assets in the consolidated statements of financial condition . December 31, 2022 Total Level 1 Level 2 Level 3 Liabilities: Financial instruments sold, but not yet purchased: U.S. government securities $ 254,265 $ 254,265 $ — $ — U.S. government agency securities 3,971 — 3,971 — Agency mortgage-backed securities 44,793 — 44,793 — Corporate securities: Fixed income securities 134,381 88 134,293 — Equity securities 11,590 11,590 — — Other (3) 5,817 — 36 5,781 Total financial instruments sold, but not yet purchased 454,817 265,943 183,093 5,781 Derivative contracts (4) 142,028 — 142,028 — $ 596,845 $ 265,943 $ 325,121 $ 5,781 (3) Includes syndicated loans and state and municipal securities. (4) 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, 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 syndicated 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. The following table summarizes the changes in fair value associated with Level 3 financial instruments during the year ended December 31, 2022 (in thousands) : Year Ended December 31, 2022 Financial instruments owned Investments Asset-Backed Securities Corporate Equity Syndicated Loans Corporate Equity Auction Rate Other Balance at December 31, 2021 $ 64,706 $ 225 $ 26,857 $ 5,754 $ 13,032 $ 35,837 Unrealized gains 4,789 — 550 6,124 1,649 1,183 Realized gains 4,287 1,621 2,653 — — 992 Purchases 4,820 — 227,548 — — — Sales — ( 1,846 ) ( 177,895 ) — — ( 999 ) Redemptions ( 76,423 ) — ( 9,825 ) — — ( 39 ) Net change ( 62,527 ) ( 225 ) 43,031 6,124 1,649 1,137 Balance at December 31, 2022 $ 2,179 $ — $ 69,888 $ 11,878 $ 14,681 $ 36,974 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 Syndicated 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 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, 2022 and 2021, relating to Level 3 assets still held at December 31, 2022, 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, 2022 and 2021, whether or not recognized in the consolidated statements of financial condition at fair value (in thousands) . December 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents $ 2,199,985 $ 2,199,985 $ 1,963,326 $ 1,963,326 Cash segregated for regulatory purposes 29,017 29,017 186,331 186,331 Securities purchased under agreements to resell 348,162 348,162 579,866 579,866 Financial instruments owned 731,752 731,752 1,157,004 1,157,004 Available-for-sale securities 1,636,041 1,636,041 2,113,893 2,113,893 Held-to-maturity securities 5,990,451 5,738,418 5,348,558 5,343,481 Bank loans 20,465,092 19,752,043 16,627,847 16,704,912 Loans held for sale 156,912 156,912 207,715 207,715 Investments 99,376 99,376 117,804 117,804 Derivative contracts (1) 142,042 142,042 52,129 52,129 Financial liabilities: Securities sold under agreements to repurchase $ 212,011 $ 212,011 $ 385,528 $ 385,528 Bank deposits 27,117,111 24,274,224 23,280,348 22,998,842 Financial instruments sold, but not yet purchased 454,817 454,817 756,150 756,150 Senior notes 1,114,554 1,016,755 1,113,478 1,218,344 Debentures to Stifel Financial Capital Trusts 60,000 53,385 60,000 46,340 Derivative contracts (2) 142,028 142,028 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, 2022 and December 31, 2021 (in thousands) : December 31, 2022 Total Level 1 Level 2 Level 3 Financial assets: Cash $ 2,198,335 $ 2,198,335 $ — $ — Cash segregated for regulatory purposes 29,017 29,017 — — Securities purchased under agreements to resell 348,162 218,515 129,647 — Held-to-maturity securities 5,738,418 — 5,624,042 114,376 Bank loans 19,752,043 — 19,752,043 — Loans held for sale 156,912 — 156,912 — Financial liabilities: Securities sold under agreements to repurchase $ 212,011 $ — $ 212,011 $ — Bank deposits 24,274,224 — 24,274,224 — Senior notes 1,016,755 1,016,755 — — Debentures to Stifel Financial Capital Trusts 53,385 — — 53,385 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 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, 2022 and 2021. 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, 2022 and 2021 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, 2022 and 2021 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, 2022
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, 2022 and 2021, are as follows (in thousands) : December 31, 2022 2021 Financial instruments owned: U.S. government securities $ 38,956 $ 10,774 U.S. government agency securities 73,608 143,793 Agency mortgage-backed securities 172,642 335,050 Asset-backed securities 8,270 132,087 Corporate securities: Fixed income securities 202,169 255,999 Equity securities 38,129 75,056 State and municipal securities 126,237 162,335 Other (1) 71,741 41,910 $ 731,752 $ 1,157,004 Financial instruments sold, but not yet purchased: U.S. government securities $ 254,265 $ 377,023 U.S. government agency securities 3,971 37,395 Agency mortgage-backed securities 44,793 156,628 Corporate securities: Fixed income securities 134,381 153,852 Equity securities 11,590 28,482 Other (2) 5,817 2,770 $ 454,817 $ 756,150 (1) Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. (2) Includes syndicated loans, state and municipal securities, and sovereign debt. At December 31, 2022 and 2021, financial instruments owned in the amount of $ 218.9 million and $ 394.0 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, 2022
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, 2022 and 2021 (in thousands) : December 31, 2022 Amortized Gross (1) Gross (1) Fair Value Available-for-sale securities U.S. government agency securities $ 2,345 $ 6 $ ( 203 ) $ 2,148 State and municipal securities 2,350 1 — 2,351 Mortgage-backed securities: Agency 921,676 — ( 130,654 ) 791,022 Commercial 71,462 — ( 5,349 ) 66,113 Non-agency 442 — ( 54 ) 388 Corporate fixed income securities 643,379 18 ( 77,103 ) 566,294 Asset-backed securities 221,565 126 ( 13,966 ) 207,725 $ 1,863,219 $ 151 $ ( 227,329 ) $ 1,636,041 Held-to-maturity securities (2) Asset-backed securities $ 5,990,451 $ 3,213 $ ( 255,246 ) $ 5,738,418 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 (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, 2022, we did not have an allowance for credit losses recorded on our investment portfolio. Accrued interest receivable for our investment portfolio at December 31, 2022 and 2021, was $ 82.3 million and $ 29.1 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. For the year ended December 31, 2022, we received proceeds of $ 80.0 million from the sale of available-for-sale securities, which resulted in a realized gain of $ 0.1 million. 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. 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. 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, 2022 December 31, 2021 Amortized Fair Value Amortized Fair Value Available-for-sale securities Within one year $ 16,047 $ 15,877 $ 36,671 $ 36,899 After one year through three years 185,012 178,776 217,606 222,942 After three years through five years 123,696 108,707 192,271 196,380 After five years through ten years 442,055 380,362 455,429 455,848 After ten years 1,096,409 952,319 1,202,536 1,201,824 $ 1,863,219 $ 1,636,041 $ 2,104,513 $ 2,113,893 Held-to-maturity securities After three years through five years — — 2,825 2,825 After five years through ten years 2,413,239 2,323,608 2,282,162 2,278,597 After ten years 3,577,212 3,414,810 3,063,571 3,062,059 $ 5,990,451 $ 5,738,418 $ 5,348,558 $ 5,343,481 The maturities of our available-for-sale (fair value) and held-to-maturity (amortized cost) securities at December 31, 2022, 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 $ — $ 2,148 $ — $ — $ 2,148 State and municipal securities — 2,351 — — 2,351 Mortgage-backed securities: Agency 12 71 48,218 742,721 791,022 Commercial — — — 66,113 66,113 Non-agency — — 388 — 388 Corporate fixed income securities 15,865 282,913 267,516 — 566,294 Asset-backed securities — — 64,240 143,485 207,725 $ 15,877 $ 287,483 $ 380,362 $ 952,319 $ 1,636,041 Held-to-maturity securities Asset-backed securities $ — $ — $ 2,413,239 $ 3,577,212 $ 5,990,451 (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, 2022 and 2021, securities of $ 796.2 million and $ 639.6 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, 2022 and 2021, securities of $ 1.3 billion and $ 1.2 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, 2022 (in thousands) : Less than 12 months 12 months or more Total Gross Fair Value Gross Fair Value Gross Fair Value Available-for-sale securities U.S. government agency securities $ — $ — $ ( 203 ) $ 1,719 $ ( 203 ) $ 1,719 Mortgage-backed securities: Agency ( 25,920 ) 299,359 ( 104,734 ) 491,663 ( 130,654 ) 791,022 Commercial ( 4,009 ) 45,532 ( 1,340 ) 20,581 ( 5,349 ) 66,113 Non-agency ( 54 ) 388 — — ( 54 ) 388 Corporate fixed income securities ( 12,438 ) 278,296 ( 64,665 ) 285,486 ( 77,103 ) 563,782 Asset-backed securities ( 1,886 ) 92,655 ( 12,080 ) 104,084 ( 13,966 ) 196,739 $ ( 44,307 ) $ 716,230 $ ( 183,022 ) $ 903,533 $ ( 227,329 ) $ 1,619,763 At December 31, 2022, the amortized cost of 278 securities classified as available for sale exceeded their fair value by $ 227.3 million, of which $ 183.0 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, 2022, was $ 1.6 billion , which was 99.0 % 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, 2022 (in thousands) : AAA AA A C Total Held-to-maturity securities Asset-backed securities $ 1,222,874 $ 4,760,533 $ 5,000 $ 2,044 $ 5,990,451

Bank Loans

Bank Loans	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 (in thousands, except percentages) : December 31, 2022 December 31, 2021 Balance Percent Balance Percent Residential real estate $ 7,371,671 35.8 % $ 5,482,026 32.7 % Commercial and industrial 4,897,176 23.8 4,208,950 25.2 Fund banking 4,182,641 20.3 3,136,803 18.7 Securities-based loans 2,724,551 13.2 2,880,158 17.2 Commercial real estate 675,599 3.3 409,847 2.4 Construction and land 593,191 2.9 511,084 3.1 Home equity lines of credit 107,136 0.5 82,508 0.5 Other 50,593 0.2 32,111 0.2 Gross bank loans 20,602,558 100.0 % 16,743,487 100.0 % Unamortized loan discount, net — ( 150 ) Loans in process ( 3,526 ) ( 10,134 ) Unamortized loan fees, net ( 22,287 ) ( 6,012 ) Allowance for loan losses ( 111,653 ) ( 99,344 ) Loans held for investment, net $ 20,465,092 $ 16,627,847 At December 31, 2022 and 2021, Stifel Bancorp had loans outstanding to its executive officers and directors and executive officers and directors of certain affiliated entities in the amount of $ 86.4 million and $ 27.2 million, respectively. At December 31, 2022 and 2021, we had loans held for sale of $ 156.9 million and $ 207.7 million, respectively. For the year ended December 31, 2022, we recognized a loss of $ 7.8 million, included in other income in the consolidated statements of operations, from the sale of originated loans, net of fees and costs. For the years ended December 31, 2021, and 2020, we recognized gains, included in other income in the consolidated statements of operations, of $ 29.8 million and $ 41.2 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, 2022 and 2021, loans, primarily consisting of residential and commercial real estate loans of $ 7.0 billion and $ 4.9 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, 2022 and 2021, was $ 65.7 million and $ 27.4 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, 2022 and 2021 (in thousands) . Year Ended December 31, 2022 Beginning Provision Charge- Recoveries Ending Commercial and industrial $ 44,661 $ 13,662 $ ( 4,550 ) $ 370 $ 54,143 Residential real estate 28,560 ( 8,119 ) — — 20,441 Commercial real estate 3,934 8,963 — — 12,897 Fund banking 8,868 2,843 — — 11,711 Construction and land 8,536 32 — — 8,568 Securities-based loans 4,006 ( 813 ) ( 36 ) — 3,157 Home equity lines of credit 511 ( 147 ) — — 364 Other 268 104 — — 372 $ 99,344 $ 16,525 $ ( 4,586 ) $ 370 $ 111,653 Year Ended December 31, 2021 Beginning Provision Charge- Recoveries Ending Commercial and industrial $ 62,557 $ ( 12,665 ) $ ( 5,232 ) $ 1 $ 44,661 Residential real estate 16,300 12,260 — — 28,560 Fund banking 4,665 4,203 — — 8,868 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 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. 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 for funded loans and $ 4.0 million of the allowance for unfunded lending commitments, reflecting the improvement in our economic projections. During the year ended December 31, 2022, we recorded $ 33.5 million of net credit loss reserves, including $ 16.5 million of the reserve for credit losses for funded loans and $ 17.0 million of the reserve for unfunded lending commitments. 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 24 – Off-Balance Sheet Credit Risk. At December 31, 2022, we had $ 10.3 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, 2022, was $ 6.5 million. 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. 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, 2022 and 2021, were insignificant to the consolidated financial statements. The following tables present the aging of the recorded investment in past due loans at December 31, 2022 and 2021, by portfolio segment (in thousands) : December 31, 2022 30-89 90 or More Total Past Current Total Residential real estate $ 2,445 $ 688 $ 3,133 $ 7,368,538 $ 7,371,671 Commercial and industrial — 9,226 9,226 4,887,950 4,897,176 Fund banking — — — 4,182,641 4,182,641 Securities-based loans — — — 2,724,551 2,724,551 Commercial real estate — — — 675,599 675,599 Construction and land — — — 593,191 593,191 Home equity lines of credit 29 182 211 106,925 107,136 Other 36 6 42 50,551 50,593 Total $ 2,510 $ 10,102 $ 12,612 $ 20,589,946 $ 20,602,558 December 31, 2022 * Nonaccrual Restructured Nonperforming loans with no allowance Total Commercial and industrial $ 9,226 $ — $ — $ 9,226 Residential real estate 870 150 — 1,020 Other 6 — — 6 Total $ 10,102 $ 150 $ — $ 10,252 * There were no loans past due 90 days and still accruing interest at December 31, 2022. December 31, 2021 30 - 89 90 or More Total Past Current Total Residential real estate $ 6,194 $ 1,332 $ 7,526 $ 5,474,500 $ 5,482,026 Commercial and industrial 9,290 6,571 15,861 4,193,089 4,208,950 Fund banking — — — 3,136,803 3,136,803 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. Credit quality indicators As of December 31, 2022, 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, 2022 and 2021, 97.5 % and 98.5 % 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. Fund banking. Fund banking loans primarily include capital call lines of credit, also known as subscription lines of credit. These credit facilities are used by closed-end private investment funds (“Fund”) that have raised capital commitments from limited partners to effectively manage the Fund’s cash and bridge timing between the Fund’s investments and capital calls. The lines of credit are collateralized by a pledge of the limited partner’s contractually callable capital and the general partner’s right to call such capital as permitted in the Fund’s partnership agreement. 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. 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. 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, 2022 Pass Special Mention Substandard Doubtful Total Residential real estate $ 7,370,717 $ 266 $ — $ 688 $ 7,371,671 Commercial and industrial 4,743,290 87,761 56,899 9,226 4,897,176 Fund banking 4,182,641 — — — 4,182,641 Securities-based loans 2,724,548 — — 3 2,724,551 Commercial real estate 655,599 20,000 — — 675,599 Construction and land 593,191 — — — 593,191 Home equity lines of credit 106,954 — — 182 107,136 Other 50,587 — — 6 50,593 Total $ 20,427,527 $ 108,027 $ 56,899 $ 10,105 $ 20,602,558 December 31, 2021 Pass Special Mention Substandard Doubtful Total Residential real estate $ 5,480,693 $ — $ 84 $ 1,249 $ 5,482,026 Commercial and industrial 4,056,632 38,000 107,747 6,571 4,208,950 Fund banking 3,136,803 — — — 3,136,803 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 Term Loans Amortized Cost Basis by Origination Year – December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Residential real estate: Pass $ 2,804,330 $ 2,478,052 $ 988,361 $ 441,509 $ 183,115 $ 475,350 $ — $ 7,370,717 Special Mention 266 — — — — — — 266 Substandard — — — — — — — — Doubtful — — — — — 688 — 688 $ 2,804,596 $ 2,478,052 $ 988,361 $ 441,509 $ 183,115 $ 476,038 $ — $ 7,371,671 Commercial and industrial: Pass $ 1,466,275 $ 1,477,504 $ 328,453 $ 293,464 $ 328,414 $ 275,900 $ 573,280 $ 4,743,290 Special Mention 20 64,277 — 751 — 10,550 12,163 87,761 Substandard — 10,739 — 4,366 33,244 — 8,550 56,899 Doubtful — — 451 — 8,775 — — 9,226 $ 1,466,295 $ 1,552,520 $ 328,904 $ 298,581 $ 370,433 $ 286,450 $ 593,993 $ 4,897,176 Fund banking: Pass $ 55,000 $ — $ 1,695 $ — $ — $ — $ 4,125,946 $ 4,182,641 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 55,000 $ — $ 1,695 $ — $ — $ — $ 4,125,946 $ 4,182,641 Securities-based loans: Pass $ 39,027 $ 9,080 $ 38,800 $ 24,278 $ — $ 9,293 $ 2,604,070 $ 2,724,548 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — 3 3 $ 39,027 $ 9,080 $ 38,800 $ 24,278 $ — $ 9,293 $ 2,604,073 $ 2,724,551 Commercial real estate: Pass $ 406,580 $ 108,265 $ 32,510 $ 20,828 $ 43,479 $ 43,937 $ — $ 655,599 Special Mention 20,000 — — — — — — 20,000 Substandard — — — — — — — — Doubtful — — — — — — — — $ 426,580 $ 108,265 $ 32,510 $ 20,828 $ 43,479 $ 43,937 $ — $ 675,599 Construction and land: Pass $ 181,214 $ 105,940 $ 165,914 $ 85,053 $ 38,482 $ 16,588 $ — $ 593,191 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 181,214 $ 105,940 $ 165,914 $ 85,053 $ 38,482 $ 16,588 $ — $ 593,191 Home equity lines of credit: Pass $ — $ — $ — $ — $ — $ — $ 106,954 $ 106,954 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — 182 182 $ — $ — $ — $ — $ — $ — $ 107,136 $ 107,136 Other: Pass $ 9,995 $ — $ 10,000 $ — $ 2,431 $ 25,393 $ 2,768 $ 50,587 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — 6 6 $ 9,995 $ — $ 10,000 $ — $ 2,431 $ 25,393 $ 2,774 $ 50,593

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Fixed Assets	NOTE 9 – Fi xed Assets The following is a summary of fixed assets as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Office equipment $ 408,891 $ 354,292 Leasehold improvements 129,279 113,576 Building 73,549 65,327 Aircraft engine operating leases 8,612 — 620,331 533,195 Accumulated depreciation and amortization ( 420,288 ) ( 364,989 ) $ 200,043 $ 168,206 For the years ended December 31, 2022, 2021, and 2020, depreciation and amortization totaled $ 50.6 million, $ 45.6 million, and $ 40.9 million, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
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 971,883 19,656 — 991,539 $ 1,306,892 $ 19,656 $ — $ 1,326,548 December 31, Adjustments Amortization December 31, Intangible assets Global Wealth Management $ 38,884 $ — $ ( 5,385 ) $ 33,499 Institutional Group 109,273 2,027 ( 14,210 ) 97,090 $ 148,157 $ 2,027 $ ( 19,595 ) $ 130,589 The adjustments to goodwill and intangible assets included in our Institutional Group segment during the year ended December 31, 2022, are primarily attributable to the acquisition of ACXIT Capital Partners on July 1, 2022 and Vining Sparks on November 1, 2021 . The allocation of the purchase price of the ACXIT Capital Partners acquisition is preliminary and will be finalized upon completion of the analysis of the fair values of the net assets as of the acquisition date and the identified intangible assets. The final goodwill recorded on the consolidated statement of financial condition may differ from that reflected herein as a result of future measurement period adjustments and the recording of identified intangible assets. See Note 3 in the notes to our consolidated financial statements for additional information regarding our acquisitions. 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, 2022 and 2021, were as follows (in thousands) : December 31, 2022 December 31, 2021 Gross Accumulated Gross Accumulated Customer relationships $ 225,631 $ 109,216 $ 225,900 $ 97,054 Trade names 30,359 20,861 30,359 17,694 Non-compete agreements 9,440 7,158 9,240 5,684 Core deposits 8,615 7,389 8,615 6,277 Investment banking backlog 5,545 4,377 4,245 3,680 Acquired technology 840 840 840 653 $ 280,430 $ 149,841 $ 279,199 $ 131,042 Amortization expense related to intangible assets was $ 19.6 million, $ 18.2 million, and $ 19.6 million for the years ended December 31, 2022, 2021, and 2020, 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, 2022, are: customer relationships, 9.1 years; trade names, 7.3 years; non-compete agreements, 4.4 years; core deposits, 1.7 years; and investment banking backlog, 6.4 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, 2022, we expect amortization expense in future periods to be as follows (in thousands) : Fiscal year 2023 $ 16,680 2024 15,778 2025 13,615 2026 12,960 2027 11,749 Thereafter 57,689 $ 128,471

Borrowings and Federal Home Loa

Borrowings and Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2022
Short-Term Debt, Other Disclosure [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, 2022, 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 $ 120.0 million during the year ended December 31, 2022. 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, 2022, 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, 2022, was 1.72 % . 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, 2022, 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 the Secured Overnight Financing Rate. There were no borrowings outstanding on the Credit Facility as of December 31, 2022.

Senior Notes

Senior Notes	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Senior Notes	NOTE 12 – Se nior Notes The following table summarizes our senior notes as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 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 ( 10,446 ) ( 11,522 ) Senior notes, net $ 1,114,554 $ 1,113,478 (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) : 2023 $ — 2024 500,000 2025 — 2026 — 2027 — Thereafter 625,000 $ 1,125,000

Bank Deposits

Bank Deposits	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021, were as follows (in thousands) : December 31, 2022 2021 Demand deposits (interest-bearing) $ 26,805,073 $ 22,626,560 Demand deposits (non-interest-bearing) 305,138 626,633 Certificates of deposit 6,900 27,155 $ 27,117,111 $ 23,280,348 The weighted-average interest rate on deposits was 0.58 % and 0.02 % at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, related party deposits, primarily interest-bearing and time deposits of executive officers, directors, and their affiliates, were $ 9.8 million and $ 8.6 million, respectively. Brokerage customers’ deposits were $ 25.3 billion and $ 21.7 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, 2022 and 2021, were as follows (in thousands) : December 31, 2022 2021 Certificates of deposit, less than $100,000: Within one year $ 11 $ 159 One to three years 5 14 Three to five years — — $ 16 $ 173 Certificates of deposit, $100,000 and greater: Within one year $ 6,884 $ 20,098 One to three years — 6,884 Three to five years — — 6,884 26,982 $ 6,900 $ 27,155

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	NOTE 14 – De rivative Instruments and Hedging Activities We manage the interest rate risk associated with our derivative transactions with customers by entering into offsetting positions with other derivative dealers, resulting in a substantially “matched book” portfolio. Credit risk associated with its derivative transactions is managed through a variety of measures, including initial and ongoing periodic underwriting of its counterparties’ creditworthiness, establishment of customer credit limits, and collateral maintenance requirements for customer exposures that exceed certain preset thresholds. Our 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 following tables provide the notional values and fair values of our derivative instruments as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 Derivative Assets Derivative Liabilities Notional value Interest rate contracts $ 142,042 $ 142,028 $ 1,395,135 December 31, 2021 Derivative Assets Derivative Liabilities Notional value Interest rate contracts $ 52,129 $ 52,147 $ 1,442,102 The scheduled maturities of our derivative instruments as of December 31, 2022, are as follows (in thousands) : Within one year $ 49,228 One to three years 173,533 Three to five years 213,336 Five to ten years 811,812 Ten to fifteen years 124,868 Fifteen years and thereafter 22,358 $ 1,395,135 The following table presents the distribution of customer interest rate derivative transactions, by derivative product, as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Swaps $ 1,375,135 $ 1,419,402 Written options 20,000 22,700 $ 1,395,135 $ 1,442,102

Debentures To Stifel Financial

Debentures To Stifel Financial Capital Trusts	12 Months Ended
	Dec. 31, 2022
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract]
Debentures To Stifel Financial Capital Trusts	NOTE 15 – Debentures to Stif el Financial Capital Trusts The following table summarizes our debentures to Stifel Financial Capital Trusts as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.85 % per annum .

Disclosures About Offsetting As

Disclosures About Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Offsetting [Abstract]
Disclosures About Offsetting Assets and Liabilities	NOTE 16 – 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, 2022 and 2021 (in thousands) : As of December 31, 2022 Securities borrowing (1) Reverse repurchase agreements (2) Interest rate contracts (3) Total Gross amounts of recognized assets $ 219,052 $ 348,162 $ 142,042 $ 709,256 Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition 219,052 348,162 142,042 709,256 Gross amounts not offset in the statement of financial condition: Amounts available for offset ( 46,647 ) ( 12,028 ) ( 1,959 ) ( 60,634 ) Available collateral ( 160,139 ) ( 334,537 ) ( 55,568 ) ( 550,244 ) Net amount $ 12,266 $ 1,597 $ 84,515 $ 98,378 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 (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 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 $ 346.5 million and $ 578.1 million at December 31, 2022 and 2021, respectively. (3) Available collateral includes securities received 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 $ 50.0 million and $ 95.5 million at December 31, 2022 and 2021, respectively. The following table provides information about financial liabilities and derivative liabilities that are subject to offset as of December 31, 2022 and 2021 (in thousands) : As of December 31, 2022 Securities lending (4) Repurchase agreements (5) Interest rate contracts (6) Total Gross amounts of recognized liabilities $ ( 68,105 ) $ ( 212,011 ) $ ( 142,028 ) $ ( 422,144 ) Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition ( 68,105 ) ( 212,011 ) ( 142,028 ) ( 422,144 ) Gross amounts not offset in the statement of financial condition: Amounts available for offset 46,647 12,028 1,959 60,634 Collateral pledged 21,448 199,983 25,850 247,281 Net amount $ ( 10 ) $ — $ ( 114,219 ) $ ( 114,229 ) 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 ) (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 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 $ 218.3 million and $ 392.7 million at December 31, 2022 and 2021, respectively. (6) Collateral pledged includes the fair value of securities pledged to the counterparty. The fair value of collateral pledged was $ 24.1 million and $ 35.7 million at December 31, 2022 and 2021, respectively.

Commitments, Guarantees, and Co

Commitments, Guarantees, and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees, and Contingencies	NOTE 17 – 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, 2022, 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 securities 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 commitments are accounted for at fair value. As of December 31, 2022, the fair value of the TBA securities and the estimated fair value of the purchase commitments was $ 44.8 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 24 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, 2022 and 2021, 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, 2022
Loss Contingency, Information about Litigation Matters [Abstract]
Legal Proceedings	NOTE 18 – 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. SEC Investigation of Communications Recordkeeping The Company has been contacted by the SEC in connection with an investigation of the Company’s compliance with records preservation requirements for off-channel communications relating to the broker-dealer or investment adviser business activities of the Company using personally owned communications devices and/or messaging platforms that have not been approved by the Company. At this time, based upon currently available information and review with outside counsel, the Company is not able to estimate the outcome of this matter, including the range of possible ultimate resolutions.

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Capital Requirements	NOTE 19 – 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, 2022, Stifel had net capital of $ 538.6 million, which was 48.1 % of aggregate debit items and $ 516.3 million in excess of its minimum required net capital. At December 31, 2022, 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, 2022, 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, 2022, 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, 2022, 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 $ 3,363,138 14.6 % $ 1,036,211 4.5 % $ 1,496,749 6.5 % Tier 1 capital 4,048,138 17.6 % 1,381,614 6.0 % 1,842,152 8.0 % Total capital 4,245,284 18.4 % 1,842,152 8.0 % 2,302,690 10.0 % Tier 1 leverage 4,048,138 11.1 % 1,459,174 4.0 % 1,823,967 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank & Trust Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 1,620,995 11.0 % $ 660,645 4.5 % $ 954,265 6.5 % Tier 1 capital 1,620,995 11.0 % 880,860 6.0 % 1,174,480 8.0 % Total capital 1,744,013 11.9 % 1,174,480 8.0 % 1,468,100 10.0 % Tier 1 leverage 1,620,995 7.2 % 905,553 4.0 % 1,131,941 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 468,437 11.1 % $ 190,319 4.5 % $ 274,906 6.5 % Tier 1 capital 468,437 11.1 % 253,759 6.0 % 338,345 8.0 % Total capital 489,905 11.6 % 338,345 8.0 % 422,932 10.0 % Tier 1 leverage 468,437 7.1 % 265,162 4.0 % 331,452 5.0 %

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2022
Lessee Disclosure [Abstract]
Operating Leases	NOTE 20 – Operatin g Leases Our operating leases primarily relate to office space and office equipment with remaining lease terms of 1 to 13 years. At December 31, 2022 and 2021, operating lease right-of-use assets were $ 775.9 million and $ 750.7 million, respectively, and lease liabilities were $ 819.7 million and $ 799.1 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, 2022 and 2021 (in thousands) : Year Ended December 31, 2022 2021 Operating lease cost $ 105,402 $ 102,652 Short-term lease cost 1,385 505 Variable lease cost 1,558 1,076 Sublease income ( 2,303 ) ( 2,560 ) Net lease cost $ 106,042 $ 101,673 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, 2022 (in thousands) : Operating lease cash flows $ 105,928 Right-of-use assets obtained in exchange for new operating lease liabilities $ 98,369 Weighted average remaining lease term 11.4 years Weighted average discount rate 3.88 % 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, 2022, (in thousands, except percentages) : 2023 $ 105,278 2024 103,697 2025 98,725 2026 99,179 2027 97,404 Thereafter 524,028 Total undiscounted lease payments 1,028,311 Imputed interest ( 208,629 ) Total operating lease liabilities $ 819,682

Revenues From Contracts With Cu

Revenues From Contracts With Customers	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenues From Contracts With Customers	NOTE 21 – 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, 2022 and 2021 (in thousands) : Year Ended December 31, 2022 2021 Revenues from contracts with customers: Commissions $ 710,589 $ 809,500 Investment banking 971,485 1,565,381 Asset management 1,262,919 1,206,516 Other 5,834 34,239 Total revenue from contracts with customers 2,950,827 3,615,636 Other sources of revenue: Interest 1,099,115 548,400 Principal transactions 529,033 581,164 Other 13,851 37,886 Total revenues $ 4,592,826 $ 4,783,086 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, 2022 and 2021 (in thousands) : Year Ended December 31, 2022 Global Wealth Management Institutional Group Other Total Major business activity: Commissions $ 473,638 $ 236,951 $ — $ 710,589 Capital raising 19,515 237,347 — 256,862 Advisory — 714,623 — 714,623 Investment banking 19,515 951,970 — 971,485 Asset management 1,262,841 78 — 1,262,919 Other 5,569 — 265 5,834 Total 1,761,563 1,188,999 265 2,950,827 Primary Geographic Region: United States 1,761,563 970,960 265 2,732,788 United Kingdom — 148,690 — 148,690 Canada — 33,718 — 33,718 Other — 35,631 — 35,631 $ 1,761,563 $ 1,188,999 $ 265 $ 2,950,827 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 (1) Excludes revenues not derived from contracts with customers in the Other segment. See Note 26 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, 2022. 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, 2022. 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 $ 141.2 million and $ 187.2 million at December 31, 2022 and December 31, 2021, 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, 2022. 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, 2022 and December 31, 2021, was $ 12.8 million and $ 17.5 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, 2022
Banking and Thrift, Interest [Abstract]
Interest Income and Interest Expense	NOTE 22 – Interest Incom e and Interest Expense The components of interest income and interest expense are as follows (in thousands) : Year Ended December 31, 2022 2021 2020 Interest income: Loans held for investment, net $ 752,273 $ 378,086 $ 331,813 Investment securities 247,755 129,858 149,915 Margin balances 43,751 25,780 28,155 Financial instruments owned 20,545 15,041 12,594 Other 34,791 ( 365 ) 1,355 $ 1,099,115 $ 548,400 $ 523,832 Interest expense: Bank deposits $ 146,636 $ 4,510 $ 14,550 Senior notes 44,424 47,500 54,063 Other 10,327 ( 6,012 ) ( 2,835 ) $ 201,387 $ 45,998 $ 65,778

Employee Incentive, Deferred Co

Employee Incentive, Deferred Compensation, And Retirement Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Recognized Amount [Abstract]
Employee Incentive, Deferred Compensation, and Retirement Plans	NOTE 23 – 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 6.8 million shares at December 31, 2022. 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 $ 135.2 million, $ 120.7 million, and $ 108.7 million for the years ended December 31, 2022, 2021, and 2020, respectively. Additionally, the tax benefit associated with the stock-based compensation expense was $ 30.8 million, $ 26.9 million, and $ 25.1 million for the years ended December 31, 2022, 2021, and 2020, respectively. The excess tax benefit related to stock-based compensation that vested during the year was $ 23.8 million, $ 38.7 million, and $ 26.2 million for the years ended December 31, 2022, 2021, and 2020, respectively. Expense associated with our debentures, included in compensation and benefits expense in the consolidated statements of operations was $ 91.6 million, $ 64.4 million, and $ 47.5 million for the years ended December 31, 2022, 2021, and 2020, 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 four 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, 2022, the total number of restricted stock units, PRSUs, and restricted stock awards outstanding was 17.4 million, of which 14.8 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, 2022, is presented below (in thousands, except weighted-average fair value) : Weighted-average grant date fair value Unvested December 31, 2021 17,526 $ 40.09 Granted 2,869 69.32 Vested ( 5,250 ) 36.93 Cancelled ( 300 ) 41.10 Unvested December 31, 2022 14,845 $ 46.83 At December 31, 2022, there was approximately $ 672.5 million of unrecognized compensation cost for all 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, 2022, was $ 193.9 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 $ 15.8 million, $ 15.2 million, and $ 13.9 million for the years ended December 31, 2022, 2021, and 2020, respectively.

Off-Balance Sheet Credit Risk

Off-Balance Sheet Credit Risk	12 Months Ended
	Dec. 31, 2022
Concentration Risks, Types, No Concentration Percentage [Abstract]
Off-Balance Sheet Credit Risk	NOTE 24 – 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, 2022 and 2021, the fair value of securities accepted as collateral where we are permitted to sell or repledge the securities was $ 1.8 billion and $ 2.3 billion, respectively, and the fair value of the collateral that had been sold or repledged was $ 212.0 million and $ 385.5 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. For a complete discussion of our activities related to derivative instruments, see Note 14 in the notes to consolidated financial statements. 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, 2022 and 2021, Stifel Bancorp had outstanding commitments to originate loans aggregating $ 164.6 million and $ 545.5 million, respectively. The commitments extended over varying periods of time, with all commitments at December 31, 2022, 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, 2022 and 2021, Stifel Bancorp had outstanding letters of credit totaling $ 22.9 million and $ 22.9 million, respectively. A majority of the standby letters of credit commitments at December 31, 2022, 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, 2022 and 2021, Stifel Bancorp had granted unused lines of credit to commercial and consumer borrowers aggregating $ 6.1 billion and $ 3.1 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, 2022 and 2021, the expected credit losses for unfunded lending commitments was $ 36.2 million and $ 19.2 million, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Income Taxes	NOTE 25 – I ncome Taxes The provision for income taxes consists of the following (in thousands) : Year Ended December 31, 2022 2021 2020 Current taxes: Federal $ 159,383 $ 167,258 $ 143,859 State 49,956 39,911 42,705 Foreign 929 2,950 ( 236 ) 210,268 210,119 186,328 Deferred taxes: Federal 8,752 19,747 ( 31,019 ) State 4,203 5,640 ( 5,803 ) Foreign ( 262 ) 6,717 ( 1,818 ) 12,693 32,104 ( 38,640 ) Provision for income taxes $ 222,961 $ 242,223 $ 147,688 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, 2022 2021 2020 Statutory rate $ 185,874 $ 224,087 $ 136,744 State income taxes, net of federal income tax 42,813 37,169 27,934 Change in valuation allowance 9,802 2,248 2,125 Foreign tax rate difference ( 2,846 ) 125 ( 2,032 ) Excess tax benefit from stock-based compensation ( 19,418 ) ( 32,004 ) ( 21,605 ) Non-deductible business expenses 10,944 9,732 7,957 Other, net ( 4,208 ) 866 ( 3,435 ) $ 222,961 $ 242,223 $ 147,688 Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in thousands) : December 31, 2022 2021 Deferred tax assets: Lease liabilities $ 206,091 $ 187,576 Deferred compensation 81,457 79,081 Unrealized loss on investments 62,318 — Receivable reserves 47,308 38,432 Net operating loss carryforwards 28,997 24,837 Accrued expenses 25,833 46,539 Depreciation — 1,302 Other — 4,155 Total deferred tax assets 452,004 381,922 Valuation allowance ( 24,779 ) ( 14,515 ) 427,225 367,407 Deferred tax liabilities: Lease right-of-use assets ( 199,085 ) ( 186,168 ) Goodwill and other intangibles ( 61,225 ) ( 54,887 ) Prepaid expenses ( 4,427 ) ( 7,228 ) Depreciation ( 1,180 ) — Unrealized gain on investments — ( 7,841 ) Other ( 2,101 ) — ( 268,018 ) ( 256,124 ) Net deferred tax asset $ 159,207 $ 111,283 Our net deferred tax asset at December 31, 2022, includes net operating loss carryforwards of $ 144.5 million that expire between 2023 and 2042. 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 $ 10.3 million. We believe the realization of the remaining net deferred tax asset of $ 159.2 million is more likely than not based on the ability to carry back losses against prior year taxable income for tax years before 2022 and carry forward net operating losses indefinitely after 2022, 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 $ 9.1 million and $ 7.3 million as of December 31, 2022 and 2021, respectively. The current tax receivable, included in other assets, is $ 28.1 million and $ 44.2 million as of December 31, 2022 and 2021, respectively. As of December 31, 2022, 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, 2022 and 2021, we had $ 5.3 million and $ 4.9 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, 2022 and 2021, we had accrued interest and penalties of $ 0.3 million and $ 0.3 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, 2022, 2021, and 2020, was not significant. The following table summarizes the activity related to our company’s unrecognized tax benefits from January 1, 2020 to December 31, 2022 (in thousands) : Year Ended December 31, 2022 2021 2020 Beginning balance $ 4,924 $ 3,962 $ 3,387 Increase related to prior year tax positions 195 2,719 977 Decrease related to prior year tax positions ( 635 ) ( 119 ) ( 11 ) Increase related to current year tax positions 978 745 790 Decrease related to settlements with taxing authorities — ( 2,370 ) ( 1,181 ) Decrease related to lapsing of statute of limitations ( 191 ) ( 13 ) — Ending balance $ 5,271 $ 4,924 $ 3,962 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 2018. We are not subject to certain state and local, or non-U.S. income tax examinations for taxable years before 2015. 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, 2022
Segment Reporting [Abstract]
Segment Reporting	NOTE 26 – 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, 2022, 2021, and 2020, is as follows (in thousands) : Year Ended December 31, 2022 2021 2020 Net revenues: (1) Global Wealth Management $ 2,825,866 $ 2,598,837 $ 2,190,826 Institutional Group 1,536,017 2,152,439 1,583,147 Other 29,556 ( 14,188 ) ( 21,912 ) $ 4,391,439 $ 4,737,088 $ 3,752,061 Income/(loss) before income taxes: Global Wealth Management $ 1,067,571 $ 914,953 $ 725,884 Institutional Group 254,132 558,937 325,285 Other ( 436,587 ) ( 406,809 ) ( 400,009 ) $ 885,116 $ 1,067,081 $ 651,160 (1) No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2022, 2021, and 2020. The following table presents our company’s total assets on a segment basis at December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Global Wealth Management $ 32,449,466 $ 28,219,800 Institutional Group 4,285,212 5,151,841 Other 461,446 678,074 $ 37,196,124 $ 34,049,715 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, 2022, 2021, and 2020, were as follows (in thousands): Year Ended December 31, 2022 2021 2020 United States $ 4,125,563 $ 4,332,743 $ 3,460,930 United Kingdom 192,985 239,559 197,859 Canada 29,268 109,285 39,893 Other 43,623 55,501 53,379 $ 4,391,439 $ 4,737,088 $ 3,752,061

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share ("EPS")	NOTE 27 – 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, 2022, 2021, and 2020 (in thousands, except per share data) : Year Ended December 31, 2022 2021 2020 Net income $ 662,155 $ 824,858 $ 503,472 Preferred dividends 37,281 35,587 27,261 Net income available to common shareholders $ 624,874 $ 789,271 $ 476,211 Shares for basic and diluted calculation: Average shares used in basic computation 108,848 107,536 106,174 Dilutive effect of stock options and units (1) 8,692 10,994 8,399 Average shares used in diluted computation 117,540 118,530 114,573 Earnings per common share: Basic $ 5.74 $ 7.34 $ 4.49 Diluted $ 5.32 $ 6.66 $ 4.16 (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, 2022, 2021, and 2020, the anti-dilutive effect from restricted stock units was immaterial. Cash Dividends During the year ended December 31, 2022, we declared and paid cash dividends of $ 1.20 per common share. 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.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity	NOTE 28 – 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, 2022, the maximum number of shares that may yet be purchased under this plan was 9.0 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, 2022, we repurchas ed $ 105.8 m illion or 1.8 million shares using existing Board authorizations at an average price of $ 60.24 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes. During the year ended December 31, 2021, we repurchased $ 172.7 million 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. Issuance of Common Stock from Treasury During the years ended December 31, 2022 and 2021, we issued 2.6 million and 2.6 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 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, 2022
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]
Variable Interest Entities	NOTE 29 – 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 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 Our exposure to loss is limited to the total of our carrying value. These investment vehicles have net assets, 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. The following tables present the aggregate assets, liabilities, and our exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary (in thousands) : December 31, 2022 Aggregate Assets Aggregate Liabilities Our Risk of Loss Debt and Equity Investments $ 388,408 $ 296,375 $ 14,776 Partnership Interests 402,703 1,180 — $ 791,111 $ 297,555 $ 14,776 December 31, 2021 Aggregate Assets Aggregate Liabilities Our Risk of Loss Debt and Equity Investments $ 540,767 $ 439,507 $ 77,053 Partnership Interests 385,412 934 — $ 926,179 $ 440,441 $ 77,053 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, 2022
Subsequent Events [Abstract]
Subsequent Events	NOTE 30 – 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, 2022
Accounting Policies [Abstract]
Nature of Operations	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	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. 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	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 29 for additional information on VIEs.
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, 2022.
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. 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, 2022, 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 $ 19.8 million and $ 19.6 million at December 31, 2022 and 2021, 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. See Note 14 for additional details.
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 not 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. Interest revenue. We recognize interest revenue in the period earned based upon average or daily asset balances, contractual cash flows, and interest rates. Interest revenue represents interest earned on bank loans, investment securities, margin loans, trading inventory, cash and cash equivalents, securities borrowed transactions, and resale agreements.
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, 2022, 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 20 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 25 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, net of hedging activity. Gains or losses resulting from foreign currency transactions are included in other income in the consolidated statements of operations.
Recently Adopted Accounting Guidance	Recently Issued Accounting Guidance Financial Instruments – Credit Losses In March 2022, the Financial Accounting Standards Board (FASB) issued Account Standards Update (ASU) 2022-02, “Financial Instruments – Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures,” which eliminates the accounting guidance for TDRs, now requiring an entity to determine whether a modification results in a new loan or a continuation of an existing loan, as well as expanding disclosures related to modifications and requires disclosure of current period gross write-offs of financing receivables within the vintage disclosures table. The accounting update is effective for interim and annual periods beginning after December 15, 2022 (January 1, 2023, for our company), and early adoption is permitted. The adoption of the accounting update is not expected to have a material impact on our consolidated financial statements. Fair Value Measurement In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions” (ASU 2022-03), an update to ASC Topic 820 – Fair Value Measurement. The amendments in ASU 2022-03 clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The amendments require new disclosures related to equity securities subject to contractual sale restrictions, including the fair value of such equity securities, the nature and remaining duration of the corresponding restrictions, and any circumstances that could cause a lapse in the restrictions. The amendments are effective for annual reporting periods beginning after December 15, 2023 (January 1, 2024, for our company), and for the interim periods within those annual reporting periods. Early adoption is permitted, including in an interim period. We are currently evaluating the impact that the accounting update will have on our consolidated financial statements. 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 an 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.

Receivables From and Payables_2

Receivables From and Payables to Brokers, Dealers and Clearing Organizations (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021, included (in thousands) : December 31, 2022 2021 Deposits paid for securities borrowed $ 219,052 $ 260,586 Receivables from clearing organizations 186,800 278,482 Securities failed to deliver 12,239 35,188 $ 418,091 $ 574,256
Amounts Payable To Brokers, Dealers, and Clearing Organizations	Amounts payable to brokers, dealers, and clearing organizations at December 31, 2022 and 2021, included (in thousands) : December 31, 2022 2021 Deposits received from securities loaned $ 68,105 $ 149,219 Payable to clearing organizations 14,464 44,340 Securities failed to receive 12,385 64,170 $ 94,954 $ 257,729

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 December 31, 2021 Fair value of investments Unfunded commitments Fair value of investments Unfunded commitments Partnership interests $ 18,817 $ 9,853 $ 13,372 $ 12,721 Mutual funds 4,728 — 7,310 — Money market funds 1,650 — 3,004 — Private equity funds 417 1,181 2,376 1,203 Total $ 25,612 $ 11,034 $ 26,062 $ 13,924
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, 2022, are presented below (in thousands) : December 31, 2022 Total Level 1 Level 2 Level 3 Financial instruments owned: U.S. government securities $ 38,956 $ 38,956 $ — $ — U.S. government agency securities 73,608 — 73,608 — Agency mortgage-backed securities 172,642 — 172,642 — Asset-backed securities 8,270 — 6,091 2,179 Corporate securities: Fixed income securities 202,169 689 201,480 — Equity securities 38,129 37,383 746 — State and municipal securities 126,237 — 126,237 — Other (1) 71,741 — 1,853 69,888 Total financial instruments owned 731,752 77,028 582,657 72,067 Available-for-sale securities: U.S. government agency securities 2,148 — 2,148 — State and municipal securities 2,351 — 2,351 — Mortgage-backed securities: Agency 791,022 — 791,022 — Commercial 66,113 — 66,113 — Non-agency 388 — 388 — Corporate fixed income securities 566,294 — 566,294 — Asset-backed securities 207,725 — 207,725 — Total available-for-sale securities 1,636,041 — 1,636,041 — Investments: Corporate equity securities 23,597 9,928 1,791 11,878 Auction rate securities 14,681 — — 14,681 Other 37,136 117 45 36,974 Investments in funds and partnerships measured at NAV 23,962 Total investments 99,376 10,045 1,836 63,533 Cash equivalents measured at NAV 1,650 Derivative contracts (2) 142,042 — 142,042 — $ 2,610,861 $ 87,073 $ 2,362,576 $ 135,600 (1) Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. (2) Included in other assets in the consolidated statements of financial condition . December 31, 2022 Total Level 1 Level 2 Level 3 Liabilities: Financial instruments sold, but not yet purchased: U.S. government securities $ 254,265 $ 254,265 $ — $ — U.S. government agency securities 3,971 — 3,971 — Agency mortgage-backed securities 44,793 — 44,793 — Corporate securities: Fixed income securities 134,381 88 134,293 — Equity securities 11,590 11,590 — — Other (3) 5,817 — 36 5,781 Total financial instruments sold, but not yet purchased 454,817 265,943 183,093 5,781 Derivative contracts (4) 142,028 — 142,028 — $ 596,845 $ 265,943 $ 325,121 $ 5,781 (3) Includes syndicated loans and state and municipal securities. (4) 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, 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 syndicated 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.
Schedule Of Changes In Fair Value Associated With Level 3 Financial Instruments	The following table summarizes the changes in fair value associated with Level 3 financial instruments during the year ended December 31, 2022 (in thousands) : Year Ended December 31, 2022 Financial instruments owned Investments Asset-Backed Securities Corporate Equity Syndicated Loans Corporate Equity Auction Rate Other Balance at December 31, 2021 $ 64,706 $ 225 $ 26,857 $ 5,754 $ 13,032 $ 35,837 Unrealized gains 4,789 — 550 6,124 1,649 1,183 Realized gains 4,287 1,621 2,653 — — 992 Purchases 4,820 — 227,548 — — — Sales — ( 1,846 ) ( 177,895 ) — — ( 999 ) Redemptions ( 76,423 ) — ( 9,825 ) — — ( 39 ) Net change ( 62,527 ) ( 225 ) 43,031 6,124 1,649 1,137 Balance at December 31, 2022 $ 2,179 $ — $ 69,888 $ 11,878 $ 14,681 $ 36,974 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 Syndicated 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
Schedule Of Fair Value Of Financial Instruments	The following reflects the fair value of financial instruments as of December 31, 2022 and 2021, whether or not recognized in the consolidated statements of financial condition at fair value (in thousands) . December 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents $ 2,199,985 $ 2,199,985 $ 1,963,326 $ 1,963,326 Cash segregated for regulatory purposes 29,017 29,017 186,331 186,331 Securities purchased under agreements to resell 348,162 348,162 579,866 579,866 Financial instruments owned 731,752 731,752 1,157,004 1,157,004 Available-for-sale securities 1,636,041 1,636,041 2,113,893 2,113,893 Held-to-maturity securities 5,990,451 5,738,418 5,348,558 5,343,481 Bank loans 20,465,092 19,752,043 16,627,847 16,704,912 Loans held for sale 156,912 156,912 207,715 207,715 Investments 99,376 99,376 117,804 117,804 Derivative contracts (1) 142,042 142,042 52,129 52,129 Financial liabilities: Securities sold under agreements to repurchase $ 212,011 $ 212,011 $ 385,528 $ 385,528 Bank deposits 27,117,111 24,274,224 23,280,348 22,998,842 Financial instruments sold, but not yet purchased 454,817 454,817 756,150 756,150 Senior notes 1,114,554 1,016,755 1,113,478 1,218,344 Debentures to Stifel Financial Capital Trusts 60,000 53,385 60,000 46,340 Derivative contracts (2) 142,028 142,028 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, 2022 and December 31, 2021 (in thousands) : December 31, 2022 Total Level 1 Level 2 Level 3 Financial assets: Cash $ 2,198,335 $ 2,198,335 $ — $ — Cash segregated for regulatory purposes 29,017 29,017 — — Securities purchased under agreements to resell 348,162 218,515 129,647 — Held-to-maturity securities 5,738,418 — 5,624,042 114,376 Bank loans 19,752,043 — 19,752,043 — Loans held for sale 156,912 — 156,912 — Financial liabilities: Securities sold under agreements to repurchase $ 212,011 $ — $ 212,011 $ — Bank deposits 24,274,224 — 24,274,224 — Senior notes 1,016,755 1,016,755 — — Debentures to Stifel Financial Capital Trusts 53,385 — — 53,385 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

Financial Instruments Owned a_2

Financial Instruments Owned and Financial Instruments Sold, But Not Yet Purchased (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021, are as follows (in thousands) : December 31, 2022 2021 Financial instruments owned: U.S. government securities $ 38,956 $ 10,774 U.S. government agency securities 73,608 143,793 Agency mortgage-backed securities 172,642 335,050 Asset-backed securities 8,270 132,087 Corporate securities: Fixed income securities 202,169 255,999 Equity securities 38,129 75,056 State and municipal securities 126,237 162,335 Other (1) 71,741 41,910 $ 731,752 $ 1,157,004 Financial instruments sold, but not yet purchased: U.S. government securities $ 254,265 $ 377,023 U.S. government agency securities 3,971 37,395 Agency mortgage-backed securities 44,793 156,628 Corporate securities: Fixed income securities 134,381 153,852 Equity securities 11,590 28,482 Other (2) 5,817 2,770 $ 454,817 $ 756,150 (1) Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. (2) Includes syndicated loans, state and municipal securities, and sovereign debt.

Available-For-Sale And Held-T_2

Available-For-Sale And Held-To-Maturity Securities (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 (in thousands) : December 31, 2022 Amortized Gross (1) Gross (1) Fair Value Available-for-sale securities U.S. government agency securities $ 2,345 $ 6 $ ( 203 ) $ 2,148 State and municipal securities 2,350 1 — 2,351 Mortgage-backed securities: Agency 921,676 — ( 130,654 ) 791,022 Commercial 71,462 — ( 5,349 ) 66,113 Non-agency 442 — ( 54 ) 388 Corporate fixed income securities 643,379 18 ( 77,103 ) 566,294 Asset-backed securities 221,565 126 ( 13,966 ) 207,725 $ 1,863,219 $ 151 $ ( 227,329 ) $ 1,636,041 Held-to-maturity securities (2) Asset-backed securities $ 5,990,451 $ 3,213 $ ( 255,246 ) $ 5,738,418 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 (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, 2022 December 31, 2021 Amortized Fair Value Amortized Fair Value Available-for-sale securities Within one year $ 16,047 $ 15,877 $ 36,671 $ 36,899 After one year through three years 185,012 178,776 217,606 222,942 After three years through five years 123,696 108,707 192,271 196,380 After five years through ten years 442,055 380,362 455,429 455,848 After ten years 1,096,409 952,319 1,202,536 1,201,824 $ 1,863,219 $ 1,636,041 $ 2,104,513 $ 2,113,893 Held-to-maturity securities After three years through five years — — 2,825 2,825 After five years through ten years 2,413,239 2,323,608 2,282,162 2,278,597 After ten years 3,577,212 3,414,810 3,063,571 3,062,059 $ 5,990,451 $ 5,738,418 $ 5,348,558 $ 5,343,481
Contractual Maturities	The maturities of our available-for-sale (fair value) and held-to-maturity (amortized cost) securities at December 31, 2022, 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 $ — $ 2,148 $ — $ — $ 2,148 State and municipal securities — 2,351 — — 2,351 Mortgage-backed securities: Agency 12 71 48,218 742,721 791,022 Commercial — — — 66,113 66,113 Non-agency — — 388 — 388 Corporate fixed income securities 15,865 282,913 267,516 — 566,294 Asset-backed securities — — 64,240 143,485 207,725 $ 15,877 $ 287,483 $ 380,362 $ 952,319 $ 1,636,041 Held-to-maturity securities Asset-backed securities $ — $ — $ 2,413,239 $ 3,577,212 $ 5,990,451 (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, 2022 (in thousands) : Less than 12 months 12 months or more Total Gross Fair Value Gross Fair Value Gross Fair Value Available-for-sale securities U.S. government agency securities $ — $ — $ ( 203 ) $ 1,719 $ ( 203 ) $ 1,719 Mortgage-backed securities: Agency ( 25,920 ) 299,359 ( 104,734 ) 491,663 ( 130,654 ) 791,022 Commercial ( 4,009 ) 45,532 ( 1,340 ) 20,581 ( 5,349 ) 66,113 Non-agency ( 54 ) 388 — — ( 54 ) 388 Corporate fixed income securities ( 12,438 ) 278,296 ( 64,665 ) 285,486 ( 77,103 ) 563,782 Asset-backed securities ( 1,886 ) 92,655 ( 12,080 ) 104,084 ( 13,966 ) 196,739 $ ( 44,307 ) $ 716,230 $ ( 183,022 ) $ 903,533 $ ( 227,329 ) $ 1,619,763
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, 2022 (in thousands) : AAA AA A C Total Held-to-maturity securities Asset-backed securities $ 1,222,874 $ 4,760,533 $ 5,000 $ 2,044 $ 5,990,451

Bank Loans (Tables)

Bank Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule Of Balance And Associated Percentage Of Each Major Loan Category In Bank Loan Portfolio	December 31, 2022 December 31, 2021 Balance Percent Balance Percent Residential real estate $ 7,371,671 35.8 % $ 5,482,026 32.7 % Commercial and industrial 4,897,176 23.8 4,208,950 25.2 Fund banking 4,182,641 20.3 3,136,803 18.7 Securities-based loans 2,724,551 13.2 2,880,158 17.2 Commercial real estate 675,599 3.3 409,847 2.4 Construction and land 593,191 2.9 511,084 3.1 Home equity lines of credit 107,136 0.5 82,508 0.5 Other 50,593 0.2 32,111 0.2 Gross bank loans 20,602,558 100.0 % 16,743,487 100.0 % Unamortized loan discount, net — ( 150 ) Loans in process ( 3,526 ) ( 10,134 ) Unamortized loan fees, net ( 22,287 ) ( 6,012 ) Allowance for loan losses ( 111,653 ) ( 99,344 ) Loans held for investment, net $ 20,465,092 $ 16,627,847
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, 2022 and 2021 (in thousands) . Year Ended December 31, 2022 Beginning Provision Charge- Recoveries Ending Commercial and industrial $ 44,661 $ 13,662 $ ( 4,550 ) $ 370 $ 54,143 Residential real estate 28,560 ( 8,119 ) — — 20,441 Commercial real estate 3,934 8,963 — — 12,897 Fund banking 8,868 2,843 — — 11,711 Construction and land 8,536 32 — — 8,568 Securities-based loans 4,006 ( 813 ) ( 36 ) — 3,157 Home equity lines of credit 511 ( 147 ) — — 364 Other 268 104 — — 372 $ 99,344 $ 16,525 $ ( 4,586 ) $ 370 $ 111,653 Year Ended December 31, 2021 Beginning Provision Charge- Recoveries Ending Commercial and industrial $ 62,557 $ ( 12,665 ) $ ( 5,232 ) $ 1 $ 44,661 Residential real estate 16,300 12,260 — — 28,560 Fund banking 4,665 4,203 — — 8,868 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
Aging Of The Recorded Investment In Past Due Loans	December 31, 2022 30-89 90 or More Total Past Current Total Residential real estate $ 2,445 $ 688 $ 3,133 $ 7,368,538 $ 7,371,671 Commercial and industrial — 9,226 9,226 4,887,950 4,897,176 Fund banking — — — 4,182,641 4,182,641 Securities-based loans — — — 2,724,551 2,724,551 Commercial real estate — — — 675,599 675,599 Construction and land — — — 593,191 593,191 Home equity lines of credit 29 182 211 106,925 107,136 Other 36 6 42 50,551 50,593 Total $ 2,510 $ 10,102 $ 12,612 $ 20,589,946 $ 20,602,558 December 31, 2022 * Nonaccrual Restructured Nonperforming loans with no allowance Total Commercial and industrial $ 9,226 $ — $ — $ 9,226 Residential real estate 870 150 — 1,020 Other 6 — — 6 Total $ 10,102 $ 150 $ — $ 10,252 * There were no loans past due 90 days and still accruing interest at December 31, 2022. December 31, 2021 30 - 89 90 or More Total Past Current Total Residential real estate $ 6,194 $ 1,332 $ 7,526 $ 5,474,500 $ 5,482,026 Commercial and industrial 9,290 6,571 15,861 4,193,089 4,208,950 Fund banking — — — 3,136,803 3,136,803 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.
Risk Category Of Loan Portfolio	December 31, 2022 Pass Special Mention Substandard Doubtful Total Residential real estate $ 7,370,717 $ 266 $ — $ 688 $ 7,371,671 Commercial and industrial 4,743,290 87,761 56,899 9,226 4,897,176 Fund banking 4,182,641 — — — 4,182,641 Securities-based loans 2,724,548 — — 3 2,724,551 Commercial real estate 655,599 20,000 — — 675,599 Construction and land 593,191 — — — 593,191 Home equity lines of credit 106,954 — — 182 107,136 Other 50,587 — — 6 50,593 Total $ 20,427,527 $ 108,027 $ 56,899 $ 10,105 $ 20,602,558 December 31, 2021 Pass Special Mention Substandard Doubtful Total Residential real estate $ 5,480,693 $ — $ 84 $ 1,249 $ 5,482,026 Commercial and industrial 4,056,632 38,000 107,747 6,571 4,208,950 Fund banking 3,136,803 — — — 3,136,803 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
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, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Residential real estate: Pass $ 2,804,330 $ 2,478,052 $ 988,361 $ 441,509 $ 183,115 $ 475,350 $ — $ 7,370,717 Special Mention 266 — — — — — — 266 Substandard — — — — — — — — Doubtful — — — — — 688 — 688 $ 2,804,596 $ 2,478,052 $ 988,361 $ 441,509 $ 183,115 $ 476,038 $ — $ 7,371,671 Commercial and industrial: Pass $ 1,466,275 $ 1,477,504 $ 328,453 $ 293,464 $ 328,414 $ 275,900 $ 573,280 $ 4,743,290 Special Mention 20 64,277 — 751 — 10,550 12,163 87,761 Substandard — 10,739 — 4,366 33,244 — 8,550 56,899 Doubtful — — 451 — 8,775 — — 9,226 $ 1,466,295 $ 1,552,520 $ 328,904 $ 298,581 $ 370,433 $ 286,450 $ 593,993 $ 4,897,176 Fund banking: Pass $ 55,000 $ — $ 1,695 $ — $ — $ — $ 4,125,946 $ 4,182,641 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 55,000 $ — $ 1,695 $ — $ — $ — $ 4,125,946 $ 4,182,641 Securities-based loans: Pass $ 39,027 $ 9,080 $ 38,800 $ 24,278 $ — $ 9,293 $ 2,604,070 $ 2,724,548 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — 3 3 $ 39,027 $ 9,080 $ 38,800 $ 24,278 $ — $ 9,293 $ 2,604,073 $ 2,724,551 Commercial real estate: Pass $ 406,580 $ 108,265 $ 32,510 $ 20,828 $ 43,479 $ 43,937 $ — $ 655,599 Special Mention 20,000 — — — — — — 20,000 Substandard — — — — — — — — Doubtful — — — — — — — — $ 426,580 $ 108,265 $ 32,510 $ 20,828 $ 43,479 $ 43,937 $ — $ 675,599 Construction and land: Pass $ 181,214 $ 105,940 $ 165,914 $ 85,053 $ 38,482 $ 16,588 $ — $ 593,191 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 181,214 $ 105,940 $ 165,914 $ 85,053 $ 38,482 $ 16,588 $ — $ 593,191 Home equity lines of credit: Pass $ — $ — $ — $ — $ — $ — $ 106,954 $ 106,954 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — 182 182 $ — $ — $ — $ — $ — $ — $ 107,136 $ 107,136 Other: Pass $ 9,995 $ — $ 10,000 $ — $ 2,431 $ 25,393 $ 2,768 $ 50,587 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — 6 6 $ 9,995 $ — $ 10,000 $ — $ 2,431 $ 25,393 $ 2,774 $ 50,593

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Summary Of Fixed Assets	The following is a summary of fixed assets as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Office equipment $ 408,891 $ 354,292 Leasehold improvements 129,279 113,576 Building 73,549 65,327 Aircraft engine operating leases 8,612 — 620,331 533,195 Accumulated depreciation and amortization ( 420,288 ) ( 364,989 ) $ 200,043 $ 168,206

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
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 971,883 19,656 — 991,539 $ 1,306,892 $ 19,656 $ — $ 1,326,548 December 31, Adjustments Amortization December 31, Intangible assets Global Wealth Management $ 38,884 $ — $ ( 5,385 ) $ 33,499 Institutional Group 109,273 2,027 ( 14,210 ) 97,090 $ 148,157 $ 2,027 $ ( 19,595 ) $ 130,589
Intangible Assets	Intangible assets as of December 31, 2022 and 2021, were as follows (in thousands) : December 31, 2022 December 31, 2021 Gross Accumulated Gross Accumulated Customer relationships $ 225,631 $ 109,216 $ 225,900 $ 97,054 Trade names 30,359 20,861 30,359 17,694 Non-compete agreements 9,440 7,158 9,240 5,684 Core deposits 8,615 7,389 8,615 6,277 Investment banking backlog 5,545 4,377 4,245 3,680 Acquired technology 840 840 840 653 $ 280,430 $ 149,841 $ 279,199 $ 131,042
Amortization Expense In Future Periods	As of December 31, 2022, we expect amortization expense in future periods to be as follows (in thousands) : Fiscal year 2023 $ 16,680 2024 15,778 2025 13,615 2026 12,960 2027 11,749 Thereafter 57,689 $ 128,471

Senior Notes (Tables)

Senior Notes (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Senior Notes	The following table summarizes our senior notes as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 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 ( 10,446 ) ( 11,522 ) Senior notes, net $ 1,114,554 $ 1,113,478 (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) : 2023 $ — 2024 500,000 2025 — 2026 — 2027 — Thereafter 625,000 $ 1,125,000

Bank Deposits (Tables)

Bank Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021, were as follows (in thousands) : December 31, 2022 2021 Demand deposits (interest-bearing) $ 26,805,073 $ 22,626,560 Demand deposits (non-interest-bearing) 305,138 626,633 Certificates of deposit 6,900 27,155 $ 27,117,111 $ 23,280,348
Schedule of Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit at December 31, 2022 and 2021, were as follows (in thousands) : December 31, 2022 2021 Certificates of deposit, less than $100,000: Within one year $ 11 $ 159 One to three years 5 14 Three to five years — — $ 16 $ 173 Certificates of deposit, $100,000 and greater: Within one year $ 6,884 $ 20,098 One to three years — 6,884 Three to five years — — 6,884 26,982 $ 6,900 $ 27,155

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Table)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Instruments	The following tables provide the notional values and fair values of our derivative instruments as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 Derivative Assets Derivative Liabilities Notional value Interest rate contracts $ 142,042 $ 142,028 $ 1,395,135 December 31, 2021 Derivative Assets Derivative Liabilities Notional value Interest rate contracts $ 52,129 $ 52,147 $ 1,442,102
Schedule of Maturities of Derivative Instruments	The scheduled maturities of our derivative instruments as of December 31, 2022, are as follows (in thousands) : Within one year $ 49,228 One to three years 173,533 Three to five years 213,336 Five to ten years 811,812 Ten to fifteen years 124,868 Fifteen years and thereafter 22,358 $ 1,395,135
Schedule of Distribution of Customer Interest Rate Derivative	The following table presents the distribution of customer interest rate derivative transactions, by derivative product, as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Swaps $ 1,375,135 $ 1,419,402 Written options 20,000 22,700 $ 1,395,135 $ 1,442,102

Debentures To Stifel Financia_2

Debentures To Stifel Financial Capital Trusts (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 (in thousands) : December 31, 2022 2021 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.85 % per annum .

Disclosures About Offsetting _2

Disclosures About Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 (in thousands) : As of December 31, 2022 Securities borrowing (1) Reverse repurchase agreements (2) Interest rate contracts (3) Total Gross amounts of recognized assets $ 219,052 $ 348,162 $ 142,042 $ 709,256 Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition 219,052 348,162 142,042 709,256 Gross amounts not offset in the statement of financial condition: Amounts available for offset ( 46,647 ) ( 12,028 ) ( 1,959 ) ( 60,634 ) Available collateral ( 160,139 ) ( 334,537 ) ( 55,568 ) ( 550,244 ) Net amount $ 12,266 $ 1,597 $ 84,515 $ 98,378 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 (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 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 $ 346.5 million and $ 578.1 million at December 31, 2022 and 2021, respectively. (3) Available collateral includes securities received 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 $ 50.0 million and $ 95.5 million at December 31, 2022 and 2021, respectively.
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, 2022 and 2021 (in thousands) : As of December 31, 2022 Securities lending (4) Repurchase agreements (5) Interest rate contracts (6) Total Gross amounts of recognized liabilities $ ( 68,105 ) $ ( 212,011 ) $ ( 142,028 ) $ ( 422,144 ) Gross amounts offset in the statement of financial condition — — — — Net amounts presented in the statement of financial condition ( 68,105 ) ( 212,011 ) ( 142,028 ) ( 422,144 ) Gross amounts not offset in the statement of financial condition: Amounts available for offset 46,647 12,028 1,959 60,634 Collateral pledged 21,448 199,983 25,850 247,281 Net amount $ ( 10 ) $ — $ ( 114,219 ) $ ( 114,229 ) 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 ) (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 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 $ 218.3 million and $ 392.7 million at December 31, 2022 and 2021, respectively. (6) Collateral pledged includes the fair value of securities pledged to the counterparty. The fair value of collateral pledged was $ 24.1 million and $ 35.7 million at December 31, 2022 and 2021, respectively.

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [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, 2022, 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 $ 3,363,138 14.6 % $ 1,036,211 4.5 % $ 1,496,749 6.5 % Tier 1 capital 4,048,138 17.6 % 1,381,614 6.0 % 1,842,152 8.0 % Total capital 4,245,284 18.4 % 1,842,152 8.0 % 2,302,690 10.0 % Tier 1 leverage 4,048,138 11.1 % 1,459,174 4.0 % 1,823,967 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank & Trust Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 1,620,995 11.0 % $ 660,645 4.5 % $ 954,265 6.5 % Tier 1 capital 1,620,995 11.0 % 880,860 6.0 % 1,174,480 8.0 % Total capital 1,744,013 11.9 % 1,174,480 8.0 % 1,468,100 10.0 % Tier 1 leverage 1,620,995 7.2 % 905,553 4.0 % 1,131,941 5.0 % Actual For Capital To Be Well Capitalized Stifel Bank Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital $ 468,437 11.1 % $ 190,319 4.5 % $ 274,906 6.5 % Tier 1 capital 468,437 11.1 % 253,759 6.0 % 338,345 8.0 % Total capital 489,905 11.6 % 338,345 8.0 % 422,932 10.0 % Tier 1 leverage 468,437 7.1 % 265,162 4.0 % 331,452 5.0 %

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Lessee Disclosure [Abstract]
Schedule of Net Lease Cost	The table below summarizes our net lease cost for the years ended December 31, 2022 and 2021 (in thousands) : Year Ended December 31, 2022 2021 Operating lease cost $ 105,402 $ 102,652 Short-term lease cost 1,385 505 Variable lease cost 1,558 1,076 Sublease income ( 2,303 ) ( 2,560 ) Net lease cost $ 106,042 $ 101,673 The table below summarizes other information related to our operating leases as of and for the year ended December 31, 2022 (in thousands) : Operating lease cash flows $ 105,928 Right-of-use assets obtained in exchange for new operating lease liabilities $ 98,369 Weighted average remaining lease term 11.4 years Weighted average discount rate 3.88 %
Schedule of Information About Operating Lease Liabilities	The table below presents information about operating lease liabilities as of December 31, 2022, (in thousands, except percentages) : 2023 $ 105,278 2024 103,697 2025 98,725 2026 99,179 2027 97,404 Thereafter 524,028 Total undiscounted lease payments 1,028,311 Imputed interest ( 208,629 ) Total operating lease liabilities $ 819,682

Revenues From Contracts With _2

Revenues From Contracts With Customers (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 (in thousands) : Year Ended December 31, 2022 2021 Revenues from contracts with customers: Commissions $ 710,589 $ 809,500 Investment banking 971,485 1,565,381 Asset management 1,262,919 1,206,516 Other 5,834 34,239 Total revenue from contracts with customers 2,950,827 3,615,636 Other sources of revenue: Interest 1,099,115 548,400 Principal transactions 529,033 581,164 Other 13,851 37,886 Total revenues $ 4,592,826 $ 4,783,086
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, 2022 and 2021 (in thousands) : Year Ended December 31, 2022 Global Wealth Management Institutional Group Other Total Major business activity: Commissions $ 473,638 $ 236,951 $ — $ 710,589 Capital raising 19,515 237,347 — 256,862 Advisory — 714,623 — 714,623 Investment banking 19,515 951,970 — 971,485 Asset management 1,262,841 78 — 1,262,919 Other 5,569 — 265 5,834 Total 1,761,563 1,188,999 265 2,950,827 Primary Geographic Region: United States 1,761,563 970,960 265 2,732,788 United Kingdom — 148,690 — 148,690 Canada — 33,718 — 33,718 Other — 35,631 — 35,631 $ 1,761,563 $ 1,188,999 $ 265 $ 2,950,827 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 (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, 2022
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, 2022 2021 2020 Interest income: Loans held for investment, net $ 752,273 $ 378,086 $ 331,813 Investment securities 247,755 129,858 149,915 Margin balances 43,751 25,780 28,155 Financial instruments owned 20,545 15,041 12,594 Other 34,791 ( 365 ) 1,355 $ 1,099,115 $ 548,400 $ 523,832 Interest expense: Bank deposits $ 146,636 $ 4,510 $ 14,550 Senior notes 44,424 47,500 54,063 Other 10,327 ( 6,012 ) ( 2,835 ) $ 201,387 $ 45,998 $ 65,778

Employee Incentive, Deferred _2

Employee Incentive, Deferred Compensation, And Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Recognized Amount [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, 2022, is presented below (in thousands, except weighted-average fair value) : Weighted-average grant date fair value Unvested December 31, 2021 17,526 $ 40.09 Granted 2,869 69.32 Vested ( 5,250 ) 36.93 Cancelled ( 300 ) 41.10 Unvested December 31, 2022 14,845 $ 46.83

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 2021 2020 Current taxes: Federal $ 159,383 $ 167,258 $ 143,859 State 49,956 39,911 42,705 Foreign 929 2,950 ( 236 ) 210,268 210,119 186,328 Deferred taxes: Federal 8,752 19,747 ( 31,019 ) State 4,203 5,640 ( 5,803 ) Foreign ( 262 ) 6,717 ( 1,818 ) 12,693 32,104 ( 38,640 ) Provision for income taxes $ 222,961 $ 242,223 $ 147,688
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, 2022 2021 2020 Statutory rate $ 185,874 $ 224,087 $ 136,744 State income taxes, net of federal income tax 42,813 37,169 27,934 Change in valuation allowance 9,802 2,248 2,125 Foreign tax rate difference ( 2,846 ) 125 ( 2,032 ) Excess tax benefit from stock-based compensation ( 19,418 ) ( 32,004 ) ( 21,605 ) Non-deductible business expenses 10,944 9,732 7,957 Other, net ( 4,208 ) 866 ( 3,435 ) $ 222,961 $ 242,223 $ 147,688
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, 2022 2021 Deferred tax assets: Lease liabilities $ 206,091 $ 187,576 Deferred compensation 81,457 79,081 Unrealized loss on investments 62,318 — Receivable reserves 47,308 38,432 Net operating loss carryforwards 28,997 24,837 Accrued expenses 25,833 46,539 Depreciation — 1,302 Other — 4,155 Total deferred tax assets 452,004 381,922 Valuation allowance ( 24,779 ) ( 14,515 ) 427,225 367,407 Deferred tax liabilities: Lease right-of-use assets ( 199,085 ) ( 186,168 ) Goodwill and other intangibles ( 61,225 ) ( 54,887 ) Prepaid expenses ( 4,427 ) ( 7,228 ) Depreciation ( 1,180 ) — Unrealized gain on investments — ( 7,841 ) Other ( 2,101 ) — ( 268,018 ) ( 256,124 ) Net deferred tax asset $ 159,207 $ 111,283
Unrecognized Tax Benefits	The following table summarizes the activity related to our company’s unrecognized tax benefits from January 1, 2020 to December 31, 2022 (in thousands) : Year Ended December 31, 2022 2021 2020 Beginning balance $ 4,924 $ 3,962 $ 3,387 Increase related to prior year tax positions 195 2,719 977 Decrease related to prior year tax positions ( 635 ) ( 119 ) ( 11 ) Increase related to current year tax positions 978 745 790 Decrease related to settlements with taxing authorities — ( 2,370 ) ( 1,181 ) Decrease related to lapsing of statute of limitations ( 191 ) ( 13 ) — Ending balance $ 5,271 $ 4,924 $ 3,962

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule Of Operating Information, Segment	Information concerning operations in these segments of business for the years ended December 31, 2022, 2021, and 2020, is as follows (in thousands) : Year Ended December 31, 2022 2021 2020 Net revenues: (1) Global Wealth Management $ 2,825,866 $ 2,598,837 $ 2,190,826 Institutional Group 1,536,017 2,152,439 1,583,147 Other 29,556 ( 14,188 ) ( 21,912 ) $ 4,391,439 $ 4,737,088 $ 3,752,061 Income/(loss) before income taxes: Global Wealth Management $ 1,067,571 $ 914,953 $ 725,884 Institutional Group 254,132 558,937 325,285 Other ( 436,587 ) ( 406,809 ) ( 400,009 ) $ 885,116 $ 1,067,081 $ 651,160 (1) No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2022, 2021, and 2020.
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, 2022 and 2021 (in thousands) : December 31, 2022 2021 Global Wealth Management $ 32,449,466 $ 28,219,800 Institutional Group 4,285,212 5,151,841 Other 461,446 678,074 $ 37,196,124 $ 34,049,715
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, 2022, 2021, and 2020, were as follows (in thousands): Year Ended December 31, 2022 2021 2020 United States $ 4,125,563 $ 4,332,743 $ 3,460,930 United Kingdom 192,985 239,559 197,859 Canada 29,268 109,285 39,893 Other 43,623 55,501 53,379 $ 4,391,439 $ 4,737,088 $ 3,752,061

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022, 2021, and 2020 (in thousands, except per share data) : Year Ended December 31, 2022 2021 2020 Net income $ 662,155 $ 824,858 $ 503,472 Preferred dividends 37,281 35,587 27,261 Net income available to common shareholders $ 624,874 $ 789,271 $ 476,211 Shares for basic and diluted calculation: Average shares used in basic computation 108,848 107,536 106,174 Dilutive effect of stock options and units (1) 8,692 10,994 8,399 Average shares used in diluted computation 117,540 118,530 114,573 Earnings per common share: Basic $ 5.74 $ 7.34 $ 4.49 Diluted $ 5.32 $ 6.66 $ 4.16 (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.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]
Aggregate Assets, Liabilities, and Our Exposure to Loss from those VIEs	The following tables present the aggregate assets, liabilities, and our exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary (in thousands) : December 31, 2022 Aggregate Assets Aggregate Liabilities Our Risk of Loss Debt and Equity Investments $ 388,408 $ 296,375 $ 14,776 Partnership Interests 402,703 1,180 — $ 791,111 $ 297,555 $ 14,776 December 31, 2021 Aggregate Assets Aggregate Liabilities Our Risk of Loss Debt and Equity Investments $ 540,767 $ 439,507 $ 77,053 Partnership Interests 385,412 934 — $ 926,179 $ 440,441 $ 77,053

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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	19,800,000	$ 19,600,000
Incremental payments due upon termination of contract	0
Operating lease right-of-use assets, net	775,949,000	750,734,000
Lease liabilities	$ 819,682,000	$ 799,100,000
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] | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative adjustments for accounting changes	$ 7,800,000

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions					12 Months Ended
	Jul. 01, 2022	Nov. 01, 2021	Sep. 03, 2019	Jul. 01, 2019	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill						$ 1,326,548	$ 1,306,892
Institutional Group [Member]
Business Acquisition [Line Items]
Goodwill						991,539	971,883
Vining Sparks [Member]
Business Acquisition [Line Items]
Date of acquisition		Nov. 01, 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		$ 127,000
ACXIT Capital Partners [Member]
Business Acquisition [Line Items]
Date of acquisition	Jul. 01, 2022
Payments to Acquire Intangible Assets	$ 5,000
Period of contingent consideration	1 year
Liability for earn-out payments						5,200
ACXIT Capital Partners [Member] | Institutional Group [Member]
Business Acquisition [Line Items]
Goodwill	$ 17,300
B&F Capital Markets, Inc. [Member]
Business Acquisition [Line Items]
Date of acquisition			Sep. 03, 2019
Period of contingent consideration			5 years
Liability for earn-out payments						5,200	10,500
Mooreland Partners [Member]
Business Acquisition [Line Items]
Date of acquisition					Jul. 01, 2019
Period of contingent consideration				3 years
Liability for earn-out payments						$ 5,500	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, 2022	Dec. 31, 2021
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Deposits paid for securities borrowed	$ 219,052	$ 260,586
Receivables from clearing organizations	186,800	278,482
Securities failed to deliver	12,239	35,188
Receivables from brokers, dealers and clearing organizations, Total	$ 418,091	$ 574,256

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, 2022	Dec. 31, 2021
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Deposits received from securities loaned	$ 68,105	$ 149,219
Payable to clearing organizations	14,464	44,340
Securities failed to receive	12,385	64,170
Payables to broker, dealers and clearing organizations, Total	$ 94,954	$ 257,729

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, 2022	Dec. 31, 2021
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	$ 25,612	$ 26,062
Unfunded commitments	11,034	13,924
Partnership Interests [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	18,817	13,372
Unfunded commitments	9,853	12,721
Mutual Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	4,728	7,310
Money Market Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	1,650	3,004
Private Equity Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	417	2,376
Unfunded commitments	$ 1,181	$ 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, 2022		Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		$ 731,752		$ 1,157,004
Available-for-sale securities		1,636,041	[1]	2,113,893
Investments		99,376		117,804
Cash equivalents measured at NAV		1,650		3,004
Derivative Assets		142,042	[2]	52,129	[3]
Total Assets		2,610,861		3,443,834
Financial instruments sold, but not yet purchased, at fair value		454,817		756,150
Derivative contracts, Liabilities		142,028	[4]	52,147	[5]
Total Liabilities		596,845		808,297
U.S. Government Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		38,956		10,774
Financial instruments sold, but not yet purchased, at fair value		254,265		377,023
U.S. Government Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		73,608		143,793
Available-for-sale securities		2,148	[1]	1,808
Financial instruments sold, but not yet purchased, at fair value		3,971		37,395
Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		8,270		132,087
Available-for-sale securities		207,725	[1]	291,054
Fixed Income Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		202,169		255,999
Available-for-sale securities		566,294	[1]	791,893
Financial instruments sold, but not yet purchased, at fair value		134,381		153,852
Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		38,129		75,056
Investments		23,597		21,308
Financial instruments sold, but not yet purchased, at fair value		11,590		28,482
State And Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		126,237		162,335
Available-for-sale securities		2,351	[1]	2,399
Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		14,681		13,032
Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		37,136		60,406
Investments In Funds And Partnerships Measured At Net Asset Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		23,962		23,058
Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned				335,050
Financial instruments sold, but not yet purchased, at fair value				156,628
Mortgage-Backed Securities [Member] | Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		172,642
Available-for-sale securities		791,022	[1]	952,186
Financial instruments sold, but not yet purchased, at fair value		44,793
Mortgage-Backed Securities [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		66,113	[1]	73,985
Mortgage-Backed Securities [Member] | Non-Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		388	[1]	568
Sovereign Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		731,752
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		71,741	[6]	41,910	[7]
Financial instruments sold, but not yet purchased, at fair value	[8]	5,817
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned				84,450
Available-for-sale securities		0
Investments		10,045		24,110
Derivative Assets	[2]	0
Total Assets		87,073		108,560
Financial instruments sold, but not yet purchased, at fair value		265,943		405,505
Derivative contracts, Liabilities	[4]	0
Total Liabilities		265,943		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		38,956		10,774
Financial instruments sold, but not yet purchased, at fair value		254,265		377,023
Level 1 [Member] | U.S. Government Agency Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments sold, but not yet purchased, at fair value		0
Level 1 [Member] | Fixed Income Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		689		183
Financial instruments sold, but not yet purchased, at fair value		88
Level 1 [Member] | Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		37,383		73,493
Investments		9,928		13,893
Financial instruments sold, but not yet purchased, at fair value		11,590		28,482
Level 1 [Member] | Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		117		10,217
Level 1 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments sold, but not yet purchased, at fair value		0
Level 1 [Member] | Sovereign Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		77,028
Level 1 [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments sold, but not yet purchased, at fair value	[8]	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned				980,766
Available-for-sale securities		1,636,041		2,113,893
Investments		1,836		16,013
Derivative Assets		142,042	[2]	52,129	[3]
Total Assets		2,362,576		3,162,801
Financial instruments sold, but not yet purchased, at fair value		183,093		350,645
Derivative contracts, Liabilities		142,028	[4]	52,147	[5]
Total Liabilities		325,121		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		73,608		143,793
Available-for-sale securities		2,148		1,808
Financial instruments sold, but not yet purchased, at fair value		3,971		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		6,091		67,381
Available-for-sale securities		207,725		291,054
Level 2 [Member] | Fixed Income Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		201,480		255,816
Available-for-sale securities		566,294		791,893
Financial instruments sold, but not yet purchased, at fair value		134,293		153,852
Level 2 [Member] | Corporate Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		746		1,338
Investments		1,791		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		126,237		162,335
Available-for-sale securities		2,351		2,399
Level 2 [Member] | Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		45		14,352
Level 2 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned				335,050
Financial instruments sold, but not yet purchased, at fair value				156,628
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		172,642
Available-for-sale securities		791,022		952,186
Financial instruments sold, but not yet purchased, at fair value		44,793
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		66,113		73,985
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		388		568
Level 2 [Member] | Sovereign Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		582,657
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		1,853	[6]	15,053	[7]
Financial instruments sold, but not yet purchased, at fair value	[8]	36
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned				91,788
Available-for-sale securities		0
Investments		63,533		54,623
Derivative Assets	[2]	0
Total Assets		135,600		146,411
Financial instruments sold, but not yet purchased, at fair value		5,781
Derivative contracts, Liabilities	[4]	0
Total Liabilities		5,781
Level 3 [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		2,179		64,706
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		11,878		5,754
Level 3 [Member] | Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		14,681		13,032
Level 3 [Member] | Other Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments		36,974		35,837
Level 3 [Member] | Sovereign Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		72,067
Level 3 [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned		69,888	[6]	$ 26,857	[7]
Financial instruments sold, but not yet purchased, at fair value	[8]	$ 5,781
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis. Included in other assets in the consolidated statements of financial condition Included in other assets in the consolidated statements of financial condition. Included in accounts payable and accrued expenses in the consolidated statements of financial condition. Included in accounts payable and accrued expenses in the consolidated statements of financial condition. Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt. Includes syndicated loans 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, 2022	Dec. 31, 2021
Asset-Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 64,706	$ 9
Unrealized gains	$ 4,789	$ (3,002)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax
Realized gains	$ 4,287	$ 9,485
Purchases	4,820	68,104
Redemptions	(76,423)	(16,750)
Transfers into Level 3		6,930
Transfers out of Level 3		(70)
Net change	(62,527)	64,697
Ending Balance	2,179	64,706
Corporate Equity Securities Financial Instruments Owned [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	225
Realized gains	1,621
Sales	(1,846)
Transfers into Level 3		225
Net change	(225)	225
Ending Balance		225
Syndicated Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	26,857	11,275
Unrealized gains	$ 550	$ (68)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax
Realized gains	$ 2,653
Purchases	227,548	$ 23,600
Sales	(177,895)	(7,725)
Redemptions	(9,825)
Transfers out of Level 3		(225)
Net change	43,031	15,582
Ending Balance	69,888	26,857
Corporate Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	5,754
Unrealized gains	$ 6,124	$ (1,000)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax
Purchases		$ 3,000
Sales		(2,000)
Transfers into Level 3		5,754
Net change	$ 6,124	5,754
Ending Balance	11,878	5,754
Auction Rate Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	13,032	12,933
Unrealized gains	$ 1,649	$ 124
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax
Redemptions		$ (25)
Net change	$ 1,649	99
Ending Balance	14,681	13,032
Other Investment [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	35,837	42,113
Unrealized gains	$ 1,183	$ 654
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax
Realized gains	$ 992
Sales	(999)
Redemptions	(39)
Transfers out of Level 3		$ (6,930)
Net change	1,137	(6,276)
Ending Balance	$ 36,974	$ 35,837

Fair Value Of Financial Instr_4

Fair Value Of Financial Instruments (Schedule Of Fair Value Of Financial Instruments) (Details) - USD ($)		Dec. 31, 2022		Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities purchased under agreements to resell		$ 348,162,000		$ 579,866,000
Financial instruments owned		731,752,000		1,157,004,000
Available-for-sale securities		1,636,041,000	[1]	2,113,893,000
Held-to-maturity securities	[2]	5,738,418,000		5,343,481,000
Derivative contracts		142,042,000	[3]	52,129,000	[4]
Securities sold under agreements to repurchase		212,011,000		385,528,000
Financial instruments sold, but not yet purchased, at fair value		454,817,000		756,150,000
Federal Home Loan Bank advances		0
Senior notes		1,114,554,000		1,113,478,000
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		2,199,985,000		1,963,326,000
Cash segregated for regulatory purposes		29,017,000		186,331,000
Securities purchased under agreements to resell		348,162,000		579,866,000
Financial instruments owned		731,752,000		1,157,004,000
Available-for-sale securities		1,636,041,000		2,113,893,000
Held-to-maturity securities		5,990,451,000		5,348,558,000
Bank loans		20,465,092,000		16,627,847,000
Loans held for sale		156,912,000		207,715,000
Investments		99,376,000		117,804,000
Derivative contracts	[5]	142,042,000		52,129,000
Securities sold under agreements to repurchase		212,011,000		385,528,000
Bank deposits		27,117,111,000		23,280,348,000
Financial instruments sold, but not yet purchased, at fair value		454,817,000		756,150,000
Senior notes		1,114,554,000		1,113,478,000
Debentures to Stifel Financial Capital Trusts		60,000,000		60,000,000
Derivative Liabilities	[6]	142,028,000		52,147,000
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		2,199,985,000		1,963,326,000
Cash segregated for regulatory purposes		29,017,000		186,331,000
Securities purchased under agreements to resell		348,162,000		579,866,000
Financial instruments owned		731,752,000		1,157,004,000
Available-for-sale securities		1,636,041,000		2,113,893,000
Held-to-maturity securities		5,738,418,000		5,343,481,000
Bank loans		19,752,043,000		16,704,912,000
Loans held for sale		156,912,000		207,715,000
Investments		99,376,000		117,804,000
Derivative contracts	[5]	142,042,000		52,129,000
Securities sold under agreements to repurchase		212,011,000		385,528,000
Bank deposits		24,274,224,000		22,998,842,000
Financial instruments sold, but not yet purchased, at fair value		454,817,000		756,150,000
Senior notes		1,016,755,000		1,218,344,000
Debentures to Stifel Financial Capital Trusts		53,385,000		46,340,000
Derivative Liabilities	[6]	$ 142,028,000		$ 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. 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. Included in other assets in the consolidated statements of financial condition Included in other assets in the consolidated statements of financial condition. Included in other assets in the consolidated statements of financial condition. Included in accounts payable and accrued expenses 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, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities purchased under agreements to resell		$ 348,162	$ 579,866
Held-to-maturity securities	[1]	5,738,418	5,343,481
Securities sold under agreements to repurchase		212,011	385,528
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash		2,198,335	1,960,322
Cash segregated for regulatory purposes		29,017	186,331
Securities purchased under agreements to resell		348,162	579,866
Held-to-maturity securities		5,738,418	5,343,481
Bank loans		19,752,043	16,704,912
Loans held for sale		156,912	207,715
Securities sold under agreements to repurchase		212,011	385,528
Bank deposits		24,274,224	22,998,842
Senior notes		1,016,755	1,218,344
Debentures to Stifel Financial Capital Trusts		53,385	46,340
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash		2,198,335	1,960,322
Cash segregated for regulatory purposes		29,017	186,331
Securities purchased under agreements to resell		218,515	371,797
Securities sold under agreements to repurchase			10,000
Senior notes		1,016,755	1,218,344
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		129,647	208,069
Held-to-maturity securities		5,624,042	5,205,085
Bank loans		19,752,043	16,704,912
Loans held for sale		156,912	207,715
Securities sold under agreements to repurchase		212,011	375,528
Bank deposits		24,274,224	22,998,842
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		114,376	138,396
Debentures to Stifel Financial Capital Trusts		$ 53,385	$ 46,340
[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.

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, 2022	Dec. 31, 2021
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		$ 731,752	$ 1,157,004
U.S. Government Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		73,608	143,793
Corporate Fixed Income Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		202,169	255,999
Corporate Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		38,129	75,056
State and Municipal Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		126,237	162,335
U.S. Government Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		38,956	10,774
Securities Sold, But Not yet Purchased [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Other	[1]	5,817	2,770
Financial instruments owned, at fair value		454,817	756,150
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		3,971	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		134,381	153,852
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		11,590	28,482
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		254,265	377,023
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		44,793	156,628
Securities Owned [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Asset-backed securities		8,270	132,087
Other	[2]	71,741	41,910
Financial instruments owned, at fair value		731,752	1,157,004
Securities Owned [Member] | U.S. Government Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		73,608	143,793
Securities Owned [Member] | Corporate Fixed Income Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Fixed income securities		202,169	255,999
Securities Owned [Member] | Corporate Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments owned, at fair value		38,129	75,056
Securities Owned [Member] | State and Municipal Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
State and municipal securities		126,237	162,335
Securities Owned [Member] | U.S. Government Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		38,956	10,774
Securities Owned [Member] | Mortgage-Backed Securities [Member] | Agency Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading securities owned		$ 172,642	$ 335,050
[1] Includes syndicated loans, state and municipal securities, and sovereign debt. Includes syndicated 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, 2022	Dec. 31, 2021
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments pledged as collateral	$ 796.2	$ 639.6
Securities Owned [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Financial instruments pledged as collateral	$ 218.9	$ 394

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, 2022		Dec. 31, 2021
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		$ 1,863,219		$ 2,104,513
Available for sale securities, unrealized gains	[1]	151		26,406
Available-for-sale Securities, Gross unrealized losses	[1]	(227,329)		(17,026)
Available-for-sale securities		1,636,041	[2]	2,113,893
Held-to-maturity Securities, Amortized cost	[3]	5,990,451		5,348,558
Held-to-maturity Securities, Gross unrealized gains	[1],[3]	3,213		7,659
Held-to-maturity Securities, Gross unrealized losses	[1],[3]	(255,246)		(12,736)
Held-to-maturity securities, Estimated fair value	[3]	5,738,418		5,343,481
U.S. Government Agency Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		2,345		1,800
Available for sale securities, unrealized gains	[1]	6		8
Available-for-sale Securities, Gross unrealized losses	[1]	(203)
Available-for-sale securities		2,148		1,808
State And Municipal Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		2,350		2,372
Available for sale securities, unrealized gains	[1]	1		27
Available-for-sale Securities, Gross unrealized losses	[1]	0
Available-for-sale securities		2,351		2,399
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		921,676		954,021
Available for sale securities, unrealized gains	[1]	0		7,181
Available-for-sale Securities, Gross unrealized losses	[1]	(130,654)		(9,016)
Available-for-sale securities		791,022	[2]	952,186
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		71,462		72,765
Available for sale securities, unrealized gains	[1]	0		1,220
Available-for-sale Securities, Gross unrealized losses	[1]	(5,349)
Available-for-sale securities		66,113	[2]	73,985
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		442		564
Available for sale securities, unrealized gains	[1]	0		4
Available-for-sale Securities, Gross unrealized losses	[1]	(54)
Available-for-sale securities		388	[2]	568
Corporate Fixed Income Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		643,379		783,289
Available for sale securities, unrealized gains	[1]	18		14,385
Available-for-sale Securities, Gross unrealized losses	[1]	(77,103)		(5,781)
Available-for-sale securities		566,294		791,893
Asset-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Amortized cost		221,565		289,702
Available for sale securities, unrealized gains	[1]	126		3,581
Available-for-sale Securities, Gross unrealized losses	[1]	(13,966)		(2,229)
Available-for-sale securities		207,725		$ 291,054
Held-to-maturity Securities, Amortized cost		$ 5,990,451
[1] Unrealized gains/(losses) related to available-for-sale securities are reported in accumulated other comprehensive income. Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis. 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, 2022 USD ($) Security	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]
Proceeds from sale of available-for-sale securities	$ 80,000,000		$ 491,900,000
Net realized gains (loss) resulting from sale of available-for-sale securities	100,000	$ 0	$ 500,000
Accrued interest receivable	65,700,000	27,400,000
Transfers from held to maturity to available for sale securities reclassification fair value		312,900,000
Gain On Transfer Of securities		0
Financial instruments pledged as collateral	$ 796,200,000	639,600,000
Number of available for sale securities whose amortized costs exceeded their fair values | Security	278
Available-for-sale Securities, Continuous	$ 227,329,000
Available-for-sale Securities, Continuous	1,619,763,000
Available-for-sale Securities, Continuous Unrealized	$ 183,022,000
Percentage of available-for-sale portfolio	99%
Pledged [Member]
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]
Trading securities pledged	$ 1,300,000,000	1,200,000,000
Other Assets [Member]
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items]
Accrued interest receivable	$ 82,300,000	$ 29,100,000

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, 2022		Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities, debt maturities, within one year, Amortized Cost		$ 16,047		$ 36,671
Available-for-sale Securities, debt maturities, after one year through three years, Amortized Cost		185,012		217,606
Available-for-sale Securities, debt maturities, after three year through five years, Amortized Cost		123,696		192,271
Available-for-sale Securities, debt maturities, after five year through ten years, Amortized Cost		442,055		455,429
Available-for-sale Securities, debt maturities, after ten years, Amortized Cost		1,096,409		1,202,536
Available-for-sale Securities, Amortized cost		1,863,219		2,104,513
Available-for-sale Securities, debt maturities, within one year, Fair Value		15,877	[1]	36,899
Available-for-sale Securities, debt maturities, after one year through three years, Fair Value		178,776		222,942
Available-for-sale Securities, debt maturities, after three year through five years, Fair Value		108,707		196,380
Available-for-sale Securities, debt maturities, after five year through ten years, fair value		380,362	[1]	455,848
Availably-for-sale Securities, debt maturities, after ten years, Fair Value		952,319	[1]	1,201,824
Available-for-sale Securities, debt maturities, Fair Value		1,636,041	[1]	2,113,893
Held-to-maturity Securities, debt maturities, after three through five years, Amortized Cost		0		2,825
Held-to-maturity Securities, debt maturities, after five through ten years, Amortized Cost		2,413,239		2,282,162
Held-to-maturity Securities, debt maturities, after ten years, Amortized Cost		3,577,212		3,063,571
Held-to-maturity Securities, Amortized cost	[2]	5,990,451		5,348,558
Held-to-maturity Securities, debt maturities, after three through five years, Fair Value		0		2,825
Held-to-maturity Securities, debt maturities, after five through ten years, Fair Value		2,323,608		2,278,597
Held-to-maturity Securities, debt maturities, after ten years, Fair Value		3,414,810		3,062,059
Held-to-maturity Securities, debt maturities, Fair Value	[2]	$ 5,738,418		$ 5,343,481
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis. 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, 2022		Dec. 31, 2021
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, debt maturities, within one year, Fair Value		$ 15,877	[1]	$ 36,899
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	287,483
Available-for-sale Securities, debt maturities, after five year through ten years, fair value		380,362	[1]	455,848
Availably-for-sale Securities, debt maturities, after ten years, Fair Value		952,319	[1]	1,201,824
Available-for-sale Securities, debt maturities, Fair Value		1,636,041	[1]	2,113,893
Held-to-maturity Securities, debt maturities, after five year through ten, Amortized Cost		2,413,239		2,282,162
Held-to-maturity Securities, debt maturities, after ten years, Amortized Cost		3,577,212		3,063,571
Held-to-maturity Securities, Amortized cost	[2]	5,990,451		5,348,558
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]	0
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	2,148
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	0
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, Fair Value		2,148	[1]	1,808
State And Municipal 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]	0
Available-for-sale Securities, debt maturities, after one year through five, Fair Value		2,351
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	0
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, Fair Value		2,351	[1]	2,399
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]	15,865
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	282,913
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	267,516
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, Fair Value		566,294	[1]	791,893
Asset-Backed 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]	0
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	64,240
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	143,485
Available-for-sale Securities, debt maturities, Fair Value		207,725	[1]	291,054
Held-to-maturity Securities, debt maturities, after five year through ten, Amortized Cost		2,413,239
Held-to-maturity Securities, debt maturities, after ten years, Amortized Cost		3,577,212
Held-to-maturity Securities, Amortized cost		5,990,451
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]	12
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	71
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	48,218
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	742,721
Available-for-sale Securities, debt maturities, Fair Value		791,022	[1]	952,186
Agency Mortgage-Backed Securities [Member] | Commercial [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]	0
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	0
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	66,113
Available-for-sale Securities, debt maturities, Fair Value		66,113	[1]	73,985
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, within one year, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, after one year through five, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, after five year through ten years, fair value	[1]	388
Availably-for-sale Securities, debt maturities, after ten years, Fair Value	[1]	0
Available-for-sale Securities, debt maturities, Fair Value		$ 388	[1]	$ 568
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis. 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, 2022 USD ($)
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	$ (44,307)
Available-for-sale Securities, Estimated fair value, Less than 12 months	716,230
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(183,022)
Available-for-sale Securities, Estimated fair value, 12 months or more	903,533
Available-for-sale Securities, Gross unrealized losses, Total	(227,329)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	1,619,763
U.S. Government Agency 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	0
Available-for-sale Securities, Estimated fair value, Less than 12 months	0
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(203)
Available-for-sale Securities, Estimated fair value, 12 months or more	1,719
Available-for-sale Securities, Gross unrealized losses, Total	(203)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	1,719
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	(12,438)
Available-for-sale Securities, Estimated fair value, Less than 12 months	278,296
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(64,665)
Available-for-sale Securities, Estimated fair value, 12 months or more	285,486
Available-for-sale Securities, Gross unrealized losses, Total	(77,103)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	563,782
Agency Mortgage Backed Securities [Member] | Agency 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	(25,920)
Available-for-sale Securities, Estimated fair value, Less than 12 months	299,359
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(104,734)
Available-for-sale Securities, Estimated fair value, 12 months or more	491,663
Available-for-sale Securities, Gross unrealized losses, Total	(130,654)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	791,022
Agency Mortgage Backed Securities [Member] | Commercial [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	(4,009)
Available-for-sale Securities, Estimated fair value, Less than 12 months	45,532
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(1,340)
Available-for-sale Securities, Estimated fair value, 12 months or more	20,581
Available-for-sale Securities, Gross unrealized losses, Total	(5,349)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	66,113
Agency Mortgage Backed Securities [Member] | Non-Agency [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than 12 months	(54)
Available-for-sale Securities, Estimated fair value, Less than 12 months	388
Available-for-sale Securities, Gross unrealized losses, 12 months or more	0
Available-for-sale Securities, Estimated fair value, 12 months or more	0
Available-for-sale Securities, Gross unrealized losses, Total	(54)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	388
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	(1,886)
Available-for-sale Securities, Estimated fair value, Less than 12 months	92,655
Available-for-sale Securities, Gross unrealized losses, 12 months or more	(12,080)
Available-for-sale Securities, Estimated fair value, 12 months or more	104,084
Available-for-sale Securities, Gross unrealized losses, Total	(13,966)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	$ 196,739

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, 2022	Dec. 31, 2021
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost	[1]	$ 5,990,451	$ 5,348,558
Asset-Backed Securities [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost		5,990,451
Asset-Backed Securities [Member] | AAA [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost		1,222,874
Asset-Backed Securities [Member] | AA [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity securities, at amortized cost		4,760,533
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		$ 2,044
[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, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 20,602,558	$ 16,743,487
Unamortized loan discount, net	0	(150)
Loans in process	(3,526)	(10,134)
Unamortized loan fees, net	(22,287)	(6,012)
Allowance for loan losses	(111,653)	(99,344)	$ (112,029)
Loans held for investment, net	$ 20,465,092	$ 16,627,847
Gross bank loans, Percent	100%	100%
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 7,371,671	$ 5,482,026
Allowance for loan losses	$ (20,441)	$ (28,560)	(16,300)
Gross bank loans, Percent	35.80%	32.70%
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 4,897,176	$ 4,208,950
Allowance for loan losses	$ (54,143)	$ (44,661)	(62,557)
Gross bank loans, Percent	23.80%	25.20%
Fund Banking [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 4,182,641	$ 3,136,803
Allowance for loan losses	$ (11,711)	$ (8,868)	(4,665)
Gross bank loans, Percent	20.30%	18.70%
Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 2,724,551	$ 2,880,158
Allowance for loan losses	$ (3,157)	$ (4,006)	(2,015)
Gross bank loans, Percent	13.20%	17.20%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 675,599	$ 409,847
Allowance for loan losses	$ (12,897)	$ (3,934)	(8,580)
Gross bank loans, Percent	3.30%	2.40%
Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 593,191	$ 511,084
Allowance for loan losses	$ (8,568)	$ (8,536)	(17,275)
Gross bank loans, Percent	2.90%	3.10%
Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 107,136	$ 82,508
Allowance for loan losses	$ (364)	$ (511)	(374)
Gross bank loans, Percent	0.50%	0.50%
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross bank loans	$ 50,593	$ 32,111
Allowance for loan losses	$ (372)	$ (268)	$ (263)
Gross bank loans, Percent	0.20%	0.20%

Bank Loans (Narrative) (Details

Bank Loans (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans held for sale	$ 156,912	$ 207,715
Gains (losses) recognized from sale of loans		29,800	$ 41,200
Proceeds from unpaid principal balance of loans		208,000
Accrued interest receivable	65,700	27,400
Impaired loans more than 90 days past due	10,300	17,300
Troubled debt restructurings	200	200
Specific allowance	$ 6,500	$ 6,200
Collateralized loan portfolio	97.50%	98.50%
ASU 2016-13 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit Loss Reserves Net	$ 33,500	$ 11,500
Allowance for credit losses	16,500	7,500
Residential Real Estate [Member] | Asset Pledged as Collateral [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral	7,000,000	4,900,000
Other Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gains (losses) recognized from sale of loans	7,800	2,500
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans held for sale	156,900	207,700
Unfunded Commitment [Member] | ASU 2016-13 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reserve For Unfunded Commitments For Credit Loss	17,000	4,000
Stifel Bancorp [Member] | Executive Officers and Directors [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans outstanding amount	86,400	27,200
Stifel Bancorp [Member] | Executive Officers and Directors of Certain Affiliated Entities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans outstanding amount	$ 86,400	$ 27,200

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, 2022	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	$ 99,344	$ 112,029
Provision	16,525	(7,454)
Charge-offs	(4,586)	(5,232)
Recoveries	370	1
Ending Balance	111,653	99,344
Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	44,661	62,557
Provision	13,662	(12,665)
Charge-offs	(4,550)	(5,232)
Recoveries	370	1
Ending Balance	54,143	44,661
Residential Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	28,560	16,300
Provision	(8,119)	12,260
Ending Balance	20,441	28,560
Commercial Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	3,934	8,580
Provision	8,963	(4,646)
Ending Balance	12,897	3,934
Fund Banking [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	8,868	4,665
Provision	2,843	4,203
Ending Balance	11,711	8,868
Construction And Land [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	8,536	17,275
Provision	32	(8,739)
Ending Balance	8,568	8,536
Securities-Based Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	4,006	2,015
Provision	(813)	1,991
Charge-offs	36
Ending Balance	3,157	4,006
Home Equity Lines Of Credit [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	511	374
Provision	(147)	137
Recoveries		0
Ending Balance	364	511
Other [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	268	263
Provision	104	5
Charge-offs		0
Recoveries		0
Ending Balance	$ 372	$ 268

Bank Loans (Aging Of The Record

Bank Loans (Aging Of The Recorded Investment In Past Due Loans) (Details) - USD ($)		Dec. 31, 2022		Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		$ 12,612,000		$ 23,432,000
Total		20,602,558,000		16,743,487,000
Non-accrual		10,102,000	[1]	17,193,000	[2]
Restructured		150,000	[1]	154,000	[2]
Nonperforming loans with no allowance	[2]			1,000
Total		10,252,000	[1]	17,348,000	[2]
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		2,510,000		15,528,000
90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		10,102,000		7,904,000
Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		20,589,946,000		16,720,055,000
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		9,226,000		15,861,000
Total		4,897,176,000		4,208,950,000
Non-accrual		9,226,000	[1]	15,861,000	[2]
Total		9,226,000	[1]	15,861,000	[2]
Commercial and Industrial [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due				9,290,000
Commercial and Industrial [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		9,226,000		6,571,000
Commercial and Industrial [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		4,887,950,000		4,193,089,000
Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		3,133,000		7,526,000
Total		7,371,671,000		5,482,026,000
Non-accrual		870,000	[1]	1,332,000	[2]
Restructured		150,000	[1]	154,000	[2]
Nonperforming loans with no allowance	[2]			0
Total		1,020,000	[1]	1,486,000	[2]
Residential Real Estate [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		2,445,000		6,194,000
Residential Real Estate [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		688,000		1,332,000
Residential Real Estate [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		7,368,538,000		5,474,500,000
Securities-Based Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total		2,724,551,000		2,880,158,000
Securities-Based Loans [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		2,724,551,000		2,880,158,000
Fund Banking [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total		4,182,641,000		3,136,803,000
Fund Banking [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		4,182,641,000		3,136,803,000
Construction And Land [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total		593,191,000		511,084,000
Construction And Land [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		593,191,000		511,084,000
Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due				1,000
Total		675,599,000		409,847,000
Non-accrual	[2]			0
Nonperforming loans with no allowance	[2]			1,000
Total	[2]			1,000
Commercial Real Estate [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due				1,000
Commercial Real Estate [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		675,599,000		409,846,000
Home Equity Lines Of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		211,000		0
Total		107,136,000		82,508,000
Home Equity Lines Of Credit [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		29,000		0
Home Equity Lines Of Credit [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		182,000
Home Equity Lines Of Credit [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		106,925,000
Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		42,000		44,000
Total		50,593,000		32,111,000
Non-accrual	[1]	6,000
Total	[1]	6,000
Other [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		36,000		44,000
Other [Member] | 90 or More Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		6,000
Other [Member] | Current Balance [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		$ 50,551,000		$ 32,067,000
[1] There were no loans past due 90 days and still accruing interest at December 31, 2022. There were no loans past due 90 days and still accruing interest at December 31, 2021.

Bank Loans (Risk Category Of Lo

Bank Loans (Risk Category Of Loan Portfolio) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	$ 20,602,558	$ 16,743,487
Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	20,427,527	16,553,018
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	108,027	54,817
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	56,899	127,831
Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	10,105	7,821
Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	4,897,176	4,208,950
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	4,743,290	4,056,632
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	87,761	38,000
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	56,899	107,747
Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	9,226	6,571
Fund Banking [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	4,182,641	3,136,803
Fund Banking [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	4,182,641	3,136,803
Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	7,371,671	5,482,026
Residential Real Estate [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	7,370,717	5,480,693
Residential Real Estate [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	266
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	688	1,249
Securities-Based Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	2,724,551	2,880,158
Securities-Based Loans [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	2,724,548	2,880,158
Securities-Based Loans [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	3
Construction And Land [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	593,191	511,084
Construction And Land [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	593,191	476,844
Construction And Land [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio		14,240
Construction And Land [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio		20,000
Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	675,599	409,847
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	655,599	407,298
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	20,000	2,548
Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio		1
Home Equity Lines Of Credit [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	107,136	82,508
Home Equity Lines Of Credit [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	106,954	82,479
Home Equity Lines Of Credit [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio		29
Home Equity Lines Of Credit [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	182
Other [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	50,593	32,111
Other [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	50,587	$ 32,111
Other [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Total risk category of loan portfolio	$ 6

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, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	$ 20,602,558	$ 16,743,487
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	7,371,671	5,482,026
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,804,596
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,478,052
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	988,361
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	441,509
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	183,115
Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	476,038
Residential Real Estate [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,897,176	4,208,950
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,466,295
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,552,520
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	328,904
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	298,581
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	370,433
Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	286,450
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	593,993
Fund Banking [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,182,641	3,136,803
Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	55,000
Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,695
Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Fund Banking [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,125,946
Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,724,551	2,880,158
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	39,027
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,080
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	38,800
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	24,278
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,293
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	2,604,073
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	675,599	409,847
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	426,580
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	108,265
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	32,510
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	20,828
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	43,479
Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	43,937
Commercial Real Estate [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	593,191	511,084
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	181,214
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	105,940
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	165,914
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	85,053
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	38,482
Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	16,588
Construction And Land [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	107,136	82,508
Home Equity Lines Of Credit [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Home Equity Lines Of Credit [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Home Equity Lines Of Credit [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Home Equity Lines Of Credit [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Home Equity Lines Of Credit [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Home Equity Lines Of Credit [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
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	107,136
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	50,593	32,111
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,995
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
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	0
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,431
Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	25,393
Other [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,774
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	20,427,527	16,553,018
Pass [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	7,370,717	5,480,693
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,804,330
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,478,052
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	988,361
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	441,509
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	183,115
Pass [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	475,350
Pass [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,743,290	4,056,632
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,466,275
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,477,504
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	328,453
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	293,464
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	328,414
Pass [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	275,900
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	573,280
Pass [Member] | Fund Banking [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,182,641	3,136,803
Pass [Member] | Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	55,000
Pass [Member] | Fund Banking [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	1,695
Pass [Member] | Fund Banking [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,125,946
Pass [Member] | Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,724,548	2,880,158
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	39,027
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,080
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	38,800
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	24,278
Pass [Member] | Securities-Based Loans [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,293
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	2,604,070
Pass [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	655,599	407,298
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	406,580
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	108,265
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	32,510
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	20,828
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	43,479
Pass [Member] | Commercial Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	43,937
Pass [Member] | Commercial Real Estate [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Pass [Member] | Construction And Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	593,191	476,844
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	181,214
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	105,940
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	165,914
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	85,053
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	38,482
Pass [Member] | Construction And Land [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	16,588
Pass [Member] | Construction And Land [Member] | Revolving Loans Amortized Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
Pass [Member] | Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	106,954	82,479
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	106,954
Pass [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	50,587	32,111
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,995
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	0
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	0
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	2,431
Pass [Member] | Other [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	25,393
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	2,768
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	108,027	54,817
Special Mention [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	266
Special Mention [Member] | Residential Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	266
Special Mention [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	87,761	38,000
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	20
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	64,277
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	751
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	10,550
Special Mention [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	12,163
Special Mention [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	20,000	2,548
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	20,000
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
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
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	56,899	127,831
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] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	56,899	107,747
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	10,739
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	4,366
Substandard [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	33,244
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	8,550
Substandard [Member] | Construction And Land [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	10,105	7,821
Doubtful [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	688	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	688
Doubtful [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	9,226	6,571
Doubtful [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	451
Doubtful [Member] | Commercial and Industrial [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	8,775
Doubtful [Member] | Securities-Based Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	3
Doubtful [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	3
Doubtful [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year		$ 1
Doubtful [Member] | Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	182
Doubtful [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	182
Doubtful [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term loans amortized cost basis by origination year	6
Doubtful [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	$ 6

Fixed Assets (Summary Of Fixed

Fixed Assets (Summary Of Fixed Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Office equipment	$ 408,891	$ 354,292
Leasehold improvements	129,279	113,576
Building	73,549	65,327
Aircraft engine operating leases	8,612	0
Fixed assets, gross	620,331	533,195
Accumulated depreciation and amortization	(420,288)	(364,989)
Fixed assets, net	$ 200,043	$ 168,206

Fixed Assets (Narrative) (Detai

Fixed Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization	$ 50,615	$ 45,574	$ 40,863

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Beginning balance	$ 1,306,892
Goodwill, Adjustments	19,656
Goodwill, Ending balance	1,326,548	$ 1,306,892
Intangible assets, Beginning balance	148,157
Intangible assets, Adjustments	2,027
Intangible assets, Amortization	(19,595)	(18,188)	$ (19,620)
Intangible assets, Ending balance	130,589	148,157
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	38,884
Intangible assets, Amortization	(5,385)
Intangible assets, Ending balance	33,499	38,884
Institutional Group [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Beginning balance	971,883
Goodwill, Adjustments	19,656
Goodwill, Ending balance	991,539	971,883
Intangible assets, Beginning balance	109,273
Intangible assets, Adjustments	2,027
Intangible assets, Amortization	(14,210)
Intangible assets, Ending balance	$ 97,090	$ 109,273

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands			12 Months Ended
	Jul. 01, 2022	Nov. 01, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Goodwill and Intangible Assets [Line Items]
Amortization of intangible assets			$ 19,595	$ 18,188	$ 19,620
Trade Names [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			7 years 3 months 18 days
Non-Compete Agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			4 years 4 months 24 days
Core Deposits [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			1 year 8 months 12 days
Investment Banking Backlog [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			6 years 4 months 24 days
Customer Relationships [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Weighted-average remaining lives of intangible assets			9 years 1 month 6 days
ACXIT Capital Partners [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Date of acquisition	Jul. 01, 2022
Vining Sparks [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Date of acquisition		Nov. 01, 2021

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 280,430	$ 279,199
Accumulated Amortization	149,841	131,042
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	225,631	225,900
Accumulated Amortization	109,216	97,054
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	30,359	30,359
Accumulated Amortization	20,861	17,694
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	9,440	9,240
Accumulated Amortization	7,158	5,684
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	8,615	8,615
Accumulated Amortization	7,389	6,277
Investment Banking Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	5,545	4,245
Accumulated Amortization	4,377	3,680
Acquired Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	840	840
Accumulated Amortization	$ 840	$ 653

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Amortization Expense In Future Periods) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 16,680
2024	15,778
2025	13,615
2026	12,960
2027	11,749
Thereafter	57,689
Future amortization expense total	$ 128,471

Borrowings and Federal Home L_2

Borrowings and Federal Home Loan Bank Advances (Narrative) (Details)		12 Months Ended
	May 27, 2021 USD ($)	Dec. 31, 2022 USD ($) 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		$ 120,000,000
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		1.72%

Senior Notes (Summary of Senior

Senior Notes (Summary of Senior Notes) (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021	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		(10,446)	(11,522)
Senior notes, net		1,114,554	1,113,478
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. 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. 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			1 Months Ended	12 Months Ended
	Feb. 15, 2030	Oct. 27, 2017	Jul. 31, 2016	Dec. 31, 2022	Dec. 31, 2021	May 31, 2020	Oct. 31, 2017	Jul. 31, 2014
Debt Instrument [Line Items]
Long-term Debt				$ 1,114,554	$ 1,113,478
Senior notes 4.25% due 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				4.25%	4.25%
Long-term Debt								$ 300,000
Debt instrument, maturity date				Jul. 31, 2024
Redemption price, percentage of principal amount				100%
Additional issuance of long-term debt			$ 200,000
Senior notes 4.00% due 2030 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				4%	4%
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%
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				0.50%
Senior notes 4.00% due 2030 [Member] | Forecast
Debt Instrument [Line Items]
Redemption price, percentage of principal amount	100%
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%
Additional issuance of long-term debt		$ 25,000

Senior Notes (Schedule Of Corpo

Senior Notes (Schedule Of Corporate Debt Principal Maturities) (Details) - Non Recourse Debt [Member] $ in Thousands	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2024	$ 500,000
Thereafter	625,000
Long-term Debt, Total	$ 1,125,000

Bank Deposits (Schedule of Depo

Bank Deposits (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Demand deposits (interest-bearing)	$ 26,805,073	$ 22,626,560
Demand deposits (non-interest-bearing)	305,138	626,633
Certificates of deposit	6,900	27,155
Bank deposits	$ 27,117,111	$ 23,280,348

Bank Deposits (Narrative) (Deta

Bank Deposits (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022
Bank Deposits [Line Items]
Weighted average interest rate on deposits	0.02%	0.58%
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	21,700	$ 25,300
Stifel Nicolaus [Member]
Bank Deposits [Line Items]
Interest bearing and time deposits of executive officers, directors, and affiliates	$ 8.6	$ 9.8

Bank Deposits (Scheduled Maturi

Bank Deposits (Scheduled Maturities of Certificates of Deposit) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Within one year	$ 11	$ 159
One to three years	5	14
Certificates of deposit, less than $100,000	16	173
Within one year	6,884	20,098
One to three years		6,884
Certificates of deposit, $100,000 and greater	6,884	26,982
Total certificates of deposit	$ 6,900	$ 27,155

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Schedule of Fair Values of Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022		Dec. 31, 2021
Derivative [Line Items]
Derivative Assets	$ 142,042	[1]	$ 52,129	[2]
Notional value	1,395,135		1,442,102
Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Assets	$ 142,042		$ 52,129
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Derivative Liabilities	$ 142,028		$ 52,147
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities		Accounts Payable and Accrued Liabilities
Notional value	$ 1,395,135		$ 1,442,102
[1] Included in other assets in the consolidated statements of financial condition Included in other assets in the consolidated statements of financial condition.

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Schedule of Maturities of Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Within one year	$ 49,228
One to three years	173,533
Three to five years	213,336
Five to ten years	811,812
Ten to fifteen years	124,868
Fifteen years and thereafter	22,358
Total	$ 1,395,135	$ 1,442,102

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Schedule of Distribution of Customer Interest Rate Derivative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative, notional amount	$ 1,395,135	$ 1,442,102
Swap [Member]
Derivative [Line Items]
Derivative, notional amount	1,375,135	1,419,402
Written options [Member]
Derivative [Line Items]
Derivative, notional amount	$ 20,000	$ 22,700

Debentures To Stifel Financia_3

Debentures To Stifel Financial Capital Trusts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2016	Dec. 31, 2021		Jun. 28, 2008	Mar. 30, 2007	Aug. 12, 2005
Debt Instrument [Line Items]
Debenture to Stifel Financial Capital Trust	$ 60,000			$ 60,000
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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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. 06, 2037
Earliest call date	Jun. 06, 2012
Reference rate	three-month LIBOR, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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. 06, 2037
Earliest call date	Sep. 06, 2012
Interest rate terms, spread over reference rate	1.85%
Reference rate	three-month LIBOR, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.70 % per annum . During 2016, we extinguished $ 15.0 million of the Trust II debentures. 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, plus 1.85 % per annum . 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, or an appropriate alternative reference rate at the time that LIBOR ceases to be published, 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, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Gross amounts of recognized assets, Securities borrowing	$ 219,052	$ 260,586
Net amounts presented in the Statement of Financial Condition, Securities borrowing	219,052	260,586
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities borrowing	(46,647)	(40,259)
Gross amounts not offset in the Statement of Financial Position, Collateral received, Securities borrowing	(160,139)	(208,720)
Securities borrowed, Net amount	12,266	11,607
Gross amounts of recognized assets, Reverse repurchase agreements	348,162	579,866
Net amounts presented in the Statement of Financial Condition, Securities purchased under agreements to resell	348,162	579,866
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities purchased under agreements to resell	(12,028)	(52,413)
Gross amounts not offset in the Statement of Financial Position, Collateral received, Securities purchased under agreements to resell	(334,537)	(525,843)
Securities purchased under agreements to resell, Net amount	1,597	1,610
Gross amounts of recognized assets	709,256	892,581
Net amounts presented in the Statements of Financial Condition	709,256	892,581
Gross amounts not offset in the Statement of Financial Position	(60,634)	(117,821)
Gross amounts not offset in the Statement of Financial Position, Collateral received	(550,244)	(761,543)
Net amount	98,378	13,217
Interest Rate Contracts [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets	142,042	52,129
Net amounts presented in the Statements of Financial Condition	142,042	52,129
Gross amounts not offset in the Statement of Financial Position	(1,959)	(25,149)
Gross amounts not offset in the Statement of Financial Position, Collateral received	(55,568)	$ (26,980)
Offsetting assets interest rate contracts net	$ 84,515

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, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Fair value of securities received as collateral	$ 334,537	$ 525,843
Fair Value Of Securities Received As Collateral [Member]
Offsetting Assets [Line Items]
Fair value of securities received as collateral	346,500	578,100
Fair Value Of Securities Received As Collateral [Member] | Interest Rate Contracts [Member]
Offsetting Assets [Line Items]
Fair value of securities received as collateral	$ 50,000	$ 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, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities, Securities lending	$ (68,105)	$ (149,219)
Net amounts presented in the Statement of Financial Condition, Securities lending	(68,105)	(149,219)
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities lending	46,647	40,259
Gross amounts not offset in the Statement of Financial Position, Collateral pledged, Securities lending	21,448	108,955
Securities lending, Net amount	(10)	(5)
Gross amounts of recognized liabilities, Securities purchased under agreements to resell	(212,011)	(385,528)
Net amounts presented in the Statement of Financial Condition, Securities purchased under agreements to resell	(212,011)	(385,528)
Gross amounts not offset in the Statement of Financial Position, Financial instruments, Securities purchased under agreements to resell	12,028	52,413
Gross amounts not offset in the Statement of Financial Position, Collateral pledged, Securities purchased under agreements to resell	199,983	333,115
Gross amounts of recognized liabilities	(422,144)	(586,894)
Net amounts presented in the Statement of Financial Condition	(422,144)	(586,894)
Gross amounts not offset in the Statement of Financial Position, Financial instruments	60,634	117,821
Gross amounts not offset in the Statement of Financial Condition, Collateral pledged	247,281	469,068
Net amount	(114,229)	(5)
Interest Rate Contracts [Member]
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities	(142,028)	(52,147)
Net amounts presented in the Statement of Financial Condition	(142,028)	(52,147)
Gross amounts not offset in the Statement of Financial Position, Financial instruments	1,959	25,149
Gross amounts not offset in the Statement of Financial Condition, Collateral pledged	25,850	$ 26,998
Offsetting liability interest rate contracts net	$ (114,219)

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, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Fair value of securities pledged as collateral to counterparty	$ 199,983	$ 333,115
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	24,100	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	$ 218,300	$ 392,700

Commitments, Guarantees, and _2

Commitments, Guarantees, and Contingencies (Narrative) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Purchase Commitments [Member] | To Be Announced Security Contracts [Member]
Loss Contingencies [Line Items]
Estimated fair value of the purchase commitments	$ 44.8

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Narrative) (Details) $ in Millions	Dec. 31, 2022 USD ($)
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	48.10%
Net capital	$ 538.6
Excess of minimum required net capital	516.3
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%

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, 2022 USD ($)
Stifel Financial Corp. [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 capital, Actual Amount	$ 4,048,138
Tier 1 capital, Actual Ratio	0.176
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 1,381,614
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.060
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,842,152
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080
Total capital, Actual Amount	$ 4,245,284
Total capital, Actual Ratio	0.184
Total capital For Capital Adequacy Purposes, Amount	$ 1,842,152
Total capital For Capital Adequacy Purposes, Ratio	0.080
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 2,302,690
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100
Tier 1 leverage, Actual Amount	$ 4,048,138
Tier 1 leverage, Actual Ratio	0.111
Tier 1 leverage For Capital Adequacy Purposes, Amount	$ 1,459,174
Tier 1 leverage For Capital Adequacy Purposes, Ratio	0.040
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,823,967
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	$ 3,363,138
Tier 1 capital, Actual Ratio	0.146
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 1,036,211
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.045
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,496,749
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	$ 1,620,995
Tier 1 capital, Actual Ratio	0.110
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 880,860
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.060
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,174,480
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080
Total capital, Actual Amount	$ 1,744,013
Total capital, Actual Ratio	0.119
Total capital For Capital Adequacy Purposes, Amount	$ 1,174,480
Total capital For Capital Adequacy Purposes, Ratio	0.080
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,468,100
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100
Tier 1 leverage, Actual Amount	$ 1,620,995
Tier 1 leverage, Actual Ratio	0.072
Tier 1 leverage For Capital Adequacy Purposes, Amount	$ 905,553
Tier 1 leverage For Capital Adequacy Purposes, Ratio	0.040
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,131,941
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	$ 1,620,995
Tier 1 capital, Actual Ratio	0.110
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 660,645
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.045
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 954,265
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	$ 468,437
Tier 1 capital, Actual Ratio	0.111
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 253,759
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.060
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 338,345
Tier 1 To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080
Total capital, Actual Amount	$ 489,905
Total capital, Actual Ratio	0.116
Total capital For Capital Adequacy Purposes, Amount	$ 338,345
Total capital For Capital Adequacy Purposes, Ratio	0.080
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 422,932
Total capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100
Tier 1 leverage, Actual Amount	$ 468,437
Tier 1 leverage, Actual Ratio	0.071
Tier 1 leverage For Capital Adequacy Purposes, Amount	$ 265,162
Tier 1 leverage For Capital Adequacy Purposes, Ratio	0.040
Tier 1 leverage To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 331,452
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	$ 468,437
Tier 1 capital, Actual Ratio	0.111
Tier 1 capital For Capital Adequacy Purposes, Amount	$ 190,319
Tier 1 capital For Capital Adequacy Purposes, Ratio	0.045
Tier 1 capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 274,906
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, 2022	Dec. 31, 2021
Lessee Lease Description [Line Items]
Operating lease right-of-use assets	$ 775,949	$ 750,734
Operating lease liabilities	$ 819,682	$ 799,100
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	13 years

Operating Leases - Schedule of

Operating Leases - Schedule of Net Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lessee Disclosure [Abstract]
Operating lease cost	$ 105,402	$ 102,652
Short-term lease cost	1,385	505
Variable lease cost	1,558	1,076
Sublease income	(2,303)	(2,560)
Net lease cost	106,042	$ 101,673
Operating lease cash flows	105,928
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 98,369
Weighted-average remaining lease term	11 years 4 months 24 days
Weighted-average discount rate	3.88%

Operating Leases - Schedule o_2

Operating Leases - Schedule of Information About Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Lessee Disclosure [Abstract]
2023	$ 105,278
2024	103,697
2025	98,725
2026	99,179
2027	97,404
Thereafter	524,028
Total undiscounted lease payments	1,028,311
Imputed interest	(208,629)
Total operating lease liabilities	$ 819,682	$ 799,100
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Revenue from contracts with customers	$ 2,950,827	$ 3,615,636
Other sources of revenue:
Interest	1,099,115	548,400	$ 523,832
Principal transactions	529,033	581,164	588,303
Other Income	13,851	37,886
Total revenues	4,592,826	4,783,086	$ 3,817,839
Commissions [Member]
Revenues:
Revenue from contracts with customers	710,589	809,500
Investment Banking [Member]
Revenues:
Revenue from contracts with customers	971,485	1,565,381
Asset Management [Member]
Revenues:
Revenue from contracts with customers	1,262,919	1,206,516
Other [Member]
Revenues:
Revenue from contracts with customers	$ 5,834	$ 34,239

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, 2022	Dec. 31, 2021
Disaggregation Of Revenue [Line Items]
Commissions	$ 710,589	$ 809,500
Investment banking	971,485	1,565,381
Revenue from contracts with customers	2,950,827	3,615,636
Capital Raising [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	256,862	709,298	[1]
Advisory [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	714,623	856,083	[1]
Asset Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	1,262,919	1,206,516
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	5,834	34,239
Global Wealth Management [Member]
Disaggregation Of Revenue [Line Items]
Commissions	473,638	567,491
Investment banking	19,515	48,210
Revenue from contracts with customers	1,761,563	1,854,521
Global Wealth Management [Member] | Capital Raising [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	19,515	48,210	[1]
Global Wealth Management [Member] | Asset Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	1,262,841	1,206,406
Global Wealth Management [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	5,569	32,414
Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Commissions	236,951	242,009
Investment banking	951,970	1,517,171
Revenue from contracts with customers	1,188,999	1,759,290
Institutional Group [Member] | Capital Raising [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	237,347	661,088	[1]
Institutional Group [Member] | Advisory [Member]
Disaggregation Of Revenue [Line Items]
Investment banking	714,623	856,083	[1]
Institutional Group [Member] | Asset Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	78	110
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	265	1,825
Other [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	265	1,825
United States [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	2,732,788	3,289,559
United States [Member] | Global Wealth Management [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	1,761,563	1,854,521
United States [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	970,960	1,433,213
United States [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	265	1,825
United Kingdom [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	148,690	188,984
United Kingdom [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	148,690	188,984
Canada [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	33,718	93,068
Canada [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	33,718	93,068
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	35,631	44,025
Other [Member] | Institutional Group [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 35,631	$ 44,025
[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, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Receivables related to contract with customers	$ 141,200,000	$ 187,200,000
Impairment related to receivables	0
Deferred Revenue	$ 12,800,000	$ 17,500,000

Interest Income and Interest _3

Interest Income and Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest Income (Expense), Net [Abstract]
Loans held for investment, net	$ 752,273	$ 378,086	$ 331,813
Investment securities	247,755	129,858	149,915
Margin balances	43,751	25,780	28,155
Financial instruments owned	20,545	15,041	12,594
Other	34,791	(365)	1,355
Total interest income	1,099,115	548,400	523,832
Senior notes	44,424	47,500	54,063
Bank deposits	146,636	4,510	14,550
Other	(10,327)	(6,012)	(2,835)
Total interest expense	$ 201,387	$ 45,998	$ 65,778

Employee Incentive, Deferred _3

Employee Incentive, Deferred Compensation, And Retirement Plans (Details) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to grant	6.8
Stock-based compensation	$ 135,505,000	$ 119,384,000	$ 108,217,000
Provision for income tax expense (benefit)	222,961,000	242,223,000	147,688,000
Unrecognized compensation expense related to non-vested options	672,500,000
Contributions to profit sharing	15,800,000	15,200,000	13,900,000
Debentures [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	91,600,000	64,400,000	47,500,000
Deferred Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awards vested	193,900,000
Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	135,200,000	120,700,000	108,700,000
Tax benefit related to stock-based compensation	30,800,000	26,900,000	25,100,000
Excess tax benefit related to vested stock-based compensation	$ 23,800	$ 38,700,000	$ 26,200,000
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	17.4
Unvested stock awards outstanding	14.8
Weighted-average period, compensation cost expected to recognized, in years	2 years 7 months 6 days
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 in years	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%
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%
SWAP Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Elective deferrals vested percentage	100%
Percentage of earnings deferred into company stock units	5%
Percentage of earnings deferred into company stock units, Additional elective deferral	1%
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%
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	4 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%
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)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested | shares	(5,250)
Vested, Weighted-average grant date fair value | $ / shares	$ 36.93
Restricted Stock Units and Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested, Beginning balance | shares	17,526,000
Granted | shares	2,869
Cancelled | shares	(300)
Unvested, Ending balance | shares	14,845,000
Unvested, Weighted-average grant date fair value, Beginning balance | $ / shares	$ 40.09
Granted, Weighted-average grant date fair value | $ / shares	69.32
Cancelled, Weighted-average grant date fair value | $ / shares	41.10
Unvested, Weighted-average grant date fair value, Ending balance | $ / shares	$ 46.83

Off-Balance Sheet Credit Risk (

Off-Balance Sheet Credit Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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	$ 1,800	$ 2,300
Fair value of collateral securities sold or repledged	212	385.5
Outstanding commitments to originate loans	164.6	545.5
Letters of credit outstanding	22.9	22.9
Unfunded Commitment [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unused lines of credit to commercial and consumer borrowers	36.2	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	$ 6,100	$ 3,100
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current taxes: Federal	$ 159,383	$ 167,258	$ 143,859
Current taxes: State	49,956	39,911	42,705
Current taxes: Foreign	929	2,950	(236)
Current taxes: Total	210,268	210,119	186,328
Deferred taxes: Federal	8,752	19,747	(31,019)
Deferred taxes: State	4,203	5,640	(5,803)
Deferred taxes: Foreign	(262)	6,717	(1,818)
Deferred Income Tax Expense (Benefit), Total	12,693	32,104	(38,640)
Provision for income taxes	$ 222,961	$ 242,223	$ 147,688

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Statutory rate	$ 185,874	$ 224,087	$ 136,744
State income taxes, net of federal income tax	42,813	37,169	27,934
Change in valuation allowance	9,802	2,248	2,125
Foreign tax rate difference	(2,846)	125	(2,032)
Excess tax benefit from stock-based compensation	(19,418)	(32,004)	(21,605)
Non-deductible business expenses	10,944	9,732	7,957
Other, net	(4,208)	866	(3,435)
Provision for income taxes	$ 222,961	$ 242,223	$ 147,688

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Lease liabilities	$ 206,091	$ 187,576
Deferred compensation	81,457	79,081
Unrealized loss on investments	62,318	0
Receivable reserves	47,308	38,432
Net operating loss carryforwards	28,997	24,837
Accrued expenses	25,833	46,539
Depreciation	0	1,302
Other	0	4,155
Total deferred tax assets	452,004	381,922
Valuation allowance	(24,779)	(14,515)
Deferred tax assets	427,225	367,407
Lease right-of-use assets	(199,085)	(186,168)
Goodwill and other intangibles	(61,225)	(54,887)
Prepaid expenses	(4,427)	(7,228)
Depreciation	(1,180)	0
Unrealized gain on investments	0	(7,841)
Other	(2,101)	0
Total deferred tax liabilities	(268,018)	(256,124)
Net deferred tax asset	$ 159,207	$ 111,283

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax [Line Items]
Net operating loss carryforward	$ 144,500
Valuation allowance increase	10,300
Net deferred tax asset	159,207	$ 111,283
Unrecognized tax benefits	5,271	4,924	$ 3,962	$ 3,387
Unrecognized tax benefits, accrued interest and penalties	300	300
Accounts Payable and Accrued Expenses [Member]
Income Tax [Line Items]
Current taxes payable	9,100	7,300
Other Assets [Member]
Income Tax [Line Items]
Current taxes receivable	$ 28,100	$ 44,200

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Beginning balance	$ 4,924	$ 3,962	$ 3,387
Increase related to prior year tax positions	195	2,719	977
Decrease related to prior year tax positions	(635)	(119)	(11)
Increase related to current year tax positions	978	745	790
Decrease related to settlements with taxing authorities	0	(2,370)	(1,181)
Decrease related to lapsing of statute of limitations	(191)	(13)	0
Ending balance	$ 5,271	$ 4,924	$ 3,962

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	12 Months Ended
	Dec. 31, 2022 Segment
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net revenues	[1]	$ 4,391,439	$ 4,737,088	$ 3,752,061
Income/(loss) before income taxes		885,116	1,067,081	651,160
Global Wealth Management [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	2,825,866	2,598,837	2,190,826
Income/(loss) before income taxes		1,067,571	914,953	725,884
Institutional Group [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	1,536,017	2,152,439	1,583,147
Income/(loss) before income taxes		254,132	558,937	325,285
Other Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	29,556	(14,188)	(21,912)
Income/(loss) before income taxes		$ (436,587)	$ (406,809)	$ (400,009)
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2022, 2021, and 2020.

Segment Reporting (Schedule O_2

Segment Reporting (Schedule Of Operating Information, Segment) (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
Net revenues accounted for by individual client, maximum percentage	10%	10%	10%

Segment Reporting (Schedule O_3

Segment Reporting (Schedule Of Information Of Total Assets On Segment Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Assets	$ 37,196,124	$ 34,049,715
Global Wealth Management [Member]
Segment Reporting Information [Line Items]
Assets	32,449,466	28,219,800
Institutional Group [Member]
Segment Reporting Information [Line Items]
Assets	4,285,212	5,151,841
Other Segments [Member]
Segment Reporting Information [Line Items]
Assets	$ 461,446	$ 678,074

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total net revenues	[1]	$ 4,391,439	$ 4,737,088	$ 3,752,061
United States [Member]
Segment Reporting Information [Line Items]
Total net revenues		4,125,563	4,332,743	3,460,930
United Kingdom [Member]
Segment Reporting Information [Line Items]
Total net revenues		192,985	239,559	197,859
Canada [Member]
Segment Reporting Information [Line Items]
Total net revenues		29,268	109,285	39,893
Other [Member]
Segment Reporting Information [Line Items]
Total net revenues		$ 43,623	$ 55,501	$ 53,379
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2022, 2021, and 2020.

Earnings Per Share ("EPS") (Com

Earnings Per Share ("EPS") (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income		$ 662,155	$ 824,858	$ 503,472
Preferred dividends		37,281	35,587	27,261
Net income available to common shareholders		$ 624,874	$ 789,271	$ 476,211
Average shares used in basic computation		108,848	107,536	106,174
Dilutive effect of stock options and units	[1]	8,692	10,994	8,399
Average shares used in diluted computation		117,540	118,530	114,573
Basic		$ 5.74	$ 7.34	$ 4.49
Diluted		$ 5.32	$ 6.66	$ 4.16
[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 ("EPS") (Det

Earnings Per Share ("EPS") (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Cash dividends declared per common share	$ 1.20	$ 0.60	$ 0.45

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions				12 Months Ended
	Nov. 01, 2021	Aug. 20, 2021	Jul. 22, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Number of shares authorized to be repurchased				9
Purchase of treasury stock				$ 105.8	$ 172.7
Treasury stock acquired, Shares,				1.8	2.5
Treasury Stock Acquired, Average Cost Per Share				$ 60.24	$ 69.53
Common stock reissued				2.6	2.6
Preferred stock, par value				$ 1	$ 1	$ 1
Non-cumulative Perpetual Series D Preferred Stock [Member]
Business Acquisition Equity Interests Issued Or Issuable [Line Items]
Stock dividend			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]
Stock dividend		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	1.2

Variable Interest Entities (Sch

Variable Interest Entities (Schedule of Aggregate Assets, Liabilities, and Our Exposure to Loss from those VIEs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Assets	$ 37,196,124	$ 34,049,715
Total liabilities	31,867,653	29,014,756
Variable Interest Entity Not Primary Beneficiary [Member] | Debt and Equity [Member]
Variable Interest Entity [Line Items]
Assets	791,111	926,179
Total liabilities	297,555	440,441
Gain (Loss) on Price Risk Derivatives, Net	14,776	77,053
Variable Interest Entity Not Primary Beneficiary [Member] | Miscellaneous Investments [Member]
Variable Interest Entity [Line Items]
Assets	388,408	540,767
Total liabilities	296,375	439,507
Gain (Loss) on Price Risk Derivatives, Net	14,776	77,053
Variable Interest Entity Not Primary Beneficiary [Member] | Partnership Interests [Member]
Variable Interest Entity [Line Items]
Assets	402,703	385,412
Total liabilities	1,180	934
Gain (Loss) on Price Risk Derivatives, Net	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details)	12 Months Ended
	Dec. 31, 2022 Event
Subsequent Events [Abstract]
Number of types of subsequent events	2