For the latest quarter period, its net revenues stood at $356.9m against net revenues of $401.6m during the same period a year ago.
For the twelve months ended 31 December 2011, the company reported net income of $84.1m, or $1.33 per diluted share, compared to $1.9m, or $0.03 per diluted share(2), on net revenues of $1.38bn previous year.
For the full year, the company successfully painted net revenues of $1.42bn, which represents the 16th consecutive year of record net revenues, said the firm.
On a generally accepted accounting principles (GAAP) basis, the net income of the firm was $113.6m (1), or $1.80 per diluted share, versus a non-GAAP net income of $124.8m (1), or $2.16 per diluted share (2) in 2010.
Stifel Financial chairman, president and CEO Ronald Kruszewski said that the fourth quarter results mark an improvement from the prior quarter, but are a tough comparison with the record year-ago quarter. Bank’s growth in assets continue to contribute to their overall results, and investment banking rebounded, particularly in advisory, due to increased activity at year end.
The firm’s Global Wealth Management (GWM) in the latest quarter registered pre-tax operating income of $62.9m, compared to $62.7m in the fourth quarter of 2010 and $55.6m in the third quarter of 2011.
For the quarter ended 31 December 2011, net revenues stood at $224.6m, against $236.4m in the fourth quarter of 2010, and $219.5m in the third quarter of 2011.
According to the financial result, the firm’s net revenues rose 99% to $19.5m compared to the fourth quarter of 2010 and an 11% increase against the same quarter of 2011.
