Stifel Financial (NYSE: SF) reported Q4 EPS of $1.38, $0.09 worse than the analyst estimate of $1.47. Revenue for the quarter came in at $793.45 million versus the consensus estimate of $765.48 million.

“We had a great year. 2018 represented our 23rd consecutive year of record net revenues as our wealth management segment generated record results and our institutional business posted its second strongest year. Additionally, our focus on expense management contributed to our record pre-tax income and net income available to shareholders. Our non-GAAP return on common and tangible equity was 14.9% and 24.4%, respectively, and we returned approximately $215 million to shareholders through dividends and share repurchases,” stated Ronald J. Kruszewski, Chairman & CEO of Stifel.

Mr. Kruszewski continued, “As I look forward, I’m highly optimistic about our ability to grow and add value to our clients and our shareholders. We continue to expand our wealth management business through successful recruiting of financial advisors as well as through our bank. In our institutional business, our growth will continue to be driven by the addition of high quality talent through selective hires and strategic acquisitions. While market conditions can be volatile, our long term strategy remains focused on growth and deploying our capital with a focus on generating the best risk adjusted returns.”

For earnings history and earnings-related data on Stifel Financial (SF) click here.