May 15, 2007 (BUSINESS WIRE) -- Stifel Financial Corp. ( SF ) today reported unaudited quarterly net income of $8.8 million, or $0.58 per diluted share, on record revenue of $162.5 million for the quarter ended March 31, 2007. For the comparable quarter of 2006, net income was $476,000, or $0.04 per diluted share, on revenue of $113.6 million.
ST. LOUIS, Jun 29, 2007 (BUSINESS WIRE) -- Stifel Financial Corp. ( SF ), parent company of Stifel Nicolaus & Company, Incorporated, announced the completion of its private placement of $35 million of 6.78% Cumulative Trust Preferred Securities on June 28, 2007. The Preferred Securities were offered by Stifel Financial Capital Trust IV (a wholly-owned Delaware business trust subsidiary of Stifel Financial Corp.) The Trust Preferred Securities mature on September 6, 2037, are redeemable at the Company's option beginning September 6, 2012, and require quarterly distributions of interest by the Trust to the holder of the Trust Preferred Securities. Distributions will be payable at a fixed interest rate equal to 6.78% per annum from the issue date to September 6, 2012 and then will be payable at a floating interest rate tied to the three-month London Interbank Offered Rate ("LIBOR"). The proceeds will be used for the Company's previously announced calling of Stifel Financial Capital Trust I's (NYSE: SF-PA) $34.5 million of 9.0% Cumulative Trust Preferred Securities, issued April 25, 2002 and callable June 30, 2007.
$38.03 (07/10/07)
