SF — what changed in the latest 10-Q
A section-by-section comparison of SF's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-05-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +71 | −60 | ~48 | 84 |
| Market risk (Item 3) | Text added/removed | +1 | −2 | ~4 | 21 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
For the six months ended June 30, 2026, net revenues increased 15.3% to $2.9 billion compared to $2.5 billion during the comparable period in 2025. Net income available to common shareholders increased 142.5% to $459.3 million, or $2.83 per diluted common share for the six months ended June 30, 2026…
Our revenue growth was primarily attributable to higher investment banking revenues, asset management revenues, commission revenues, net interest income, and the recognition of a gain on the sale of SIA during the first quarter.
Six Months Ended June 30, 2026 Compared with Six Months Ended June 30, 2025
The following table presents consolidated financial information for the periods indicated (in thousands, except percentages):
For the three months ended June 30, 2026, commission revenues increased 10.4% to $221.5 million from $200.7 million in the comparable period in 2025. For the six months ended June 30, 2026, commission revenues increased 8.9% to $429.3 million from $394.3 million in the comparable period in 2025. The…
Text removed vs the prior filing · source: 10-Q · 2026-05-04
As a Percentage of Net Revenues For the Three Months Ended March 31,
For the three months ended March 31, 2026, commission revenues increased 7.3% to $207.8 million from $193.7 million in the comparable period in 2025. The increase is primarily attributable to higher volumes due to increased market volatility.
For the three months ended March 31, 2026, principal transactions revenues increased 6.0% to $150.2 million from $141.7 million in the comparable period in 2025. The increase is primarily attributable to increased client activity.
The following table presents average balance data and operating interest revenue and expense data, as well as related interest yields for the periods indicated (in thousands, except rates):
The following table sets forth an analysis of the effect on net interest income of volume and rate changes for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 (in thousands):
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-05
Our company, as a bank and financial holding company, is subject to regulation, including capital requirements, by the Federal Reserve. Stifel Bancorp is subject to various regulatory capital requirements administered by the FDIC and state banking authorities. Failure to meet minimum capital require…
Text removed vs the prior filing · source: 10-Q · 2026-05-04
Our company, as a bank and financial holding company, is subject to regulation, including capital requirements, by the Federal Reserve. Stifel Bancorp is subject to various regulatory capital requirements administered by the FDIC and state banking authorities. 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 Stifel Bancorp's financial statements.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice