2nd Quarter 2015 Financial Results Presentation August 10, 2015 Exhibit 99.2

Disclaimer Forward-Looking Statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks, assumptions, and uncertainties, including statements relating to the market opportunity and future business prospects of Stifel Financial Corp., as well as Stifel, Nicolaus & Company, Incorporated and its subsidiaries (collectively, “SF” or the “Company”). These statements can be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” and similar expressions. In particular, these statements may refer to our goals, intentions, and expectations, our business plans and growth strategies, our ability to integrate and manage our acquired businesses, estimates of our risks and future costs and benefits, and forecasted demographic and economic trends relating to our industry. You should not place undue reliance on any forward-looking statements, which speak only as of the date they were made. We will not update these forward-looking statements, even though our situation may change in the future, unless we are obligated to do so under federal securities laws. Actual results may differ materially and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ are included in the Company’s annual and quarterly reports and from time to time in other reports filed by the Company with the Securities and Exchange Commission and include, among other things, changes in general economic and business conditions, actions of competitors, regulatory and legal actions, changes in legislation, and technology changes. Use of Non-GAAP Financial Measures The Company utilized non-GAAP calculations of presented net revenues, compensation and benefits, non-compensation operating expenses, income before income taxes, provision for income taxes, net income, compensation and non-compensation operating expense ratios, pre-tax margin and diluted earnings per share as an additional measure to aid in understanding and analyzing the Company’s financial results for the three and six months ended June 30, 2015. Specifically, the Company believes that the non-GAAP measures provide useful information by excluding certain items that may not be indicative of the Company’s operating results and business outlook. The Company believes that these non-GAAP measures will allow for a better evaluation of the operating performance of the business and facilitate a meaningful comparison of the Company’s results in the current period to those in prior periods and future periods. Reference to these non-GAAP measures should not be considered as a substitute for results that are presented in a manner consistent with GAAP. These non-GAAP measures are provided to enhance investors' overall understanding of the Company’s financial performance.

Chairman’s Comments “Our record second quarter results demonstrate the strength of our platform. On June 5, 2015, we completed the acquisition of Sterne Agee, and as a result, our second quarter includes approximately one month of Sterne Agee’s financial results. We are pleased to welcome our new associates to Stifel. We remain excited about partnering with the professionals at Barclays to continue to grow our Global Wealth Management business. We are committed to investing in and helping grow the Barclays franchise over the long-term, and creating a best-in-class platform to serve our clients. We remain on track to close the transaction in the 4th quarter of 2015.”

Market Overview Note: Volumes are in million $, except trading volumes which are in million shares. Source: Dealogic, SIFMA, Bloomberg, Strategic Insight Simfund and KBW Research. Market Valuations Rates Volatility / Volumes Underwriting Volumes and M&A Municipal  U.S.  U.S. U.S. 10yr  Equity  Corporate  U.S. ECM  U.S. DCM  Bond DCM  Announced  Completed S&P 500 Dow Yield VIX ADV Bond ADV ($) ($) ($) M&A ($) M&A ($) 2015 Q2      2,063   17,620 2.35% 18.2   6,629     22,215      79,138     635,098   111,153         660,617         338,332 2015 Q1      2,068   17,776 1.92% 15.3   6,916     24,777      89,973     630,241   105,903         414,629         412,142 2014 Q2      1,960   16,827 2.53% 11.6   6,053     21,086      89,947     527,853      89,776         443,029         220,859 2Q/1Q 0% 1% 43 bps 19% 4% 10% 12% 1% 5% 59% 18% 2Q/2Q 5% 5% 18 bps 58% 10% 5% 12% 20% 24% 49% 53% Net Flows   Mutual Funds ($ millions) Active  Passive  Total  Active  Passive  Total  Cumulative Domestic  Domestic  Domestic  International International  International Total 2015 Q2      (46,053)        8,252    (37,801)           22,954            23,361           46,315              8,514 2015 Q1      (36,772)      35,078      (1,694)           18,077            11,265           29,343           27,649 2014 Q2      (21,175)      10,607    (10,568)           19,920               5,958           25,877           15,310 Net Flows   Mutual Funds + ETFs ($ millions) Active  Passive  Total  Active  Passive  Total  Cumulative Domestic  Domestic  Domestic  International International  International Total 2015 Q2      (45,845)      17,074    (28,771)           23,037            63,289           86,326           57,556 2015 Q1      (36,684)      56,739      20,054           18,093            44,657           62,750           82,804 2014 Q2      (21,143)      24,170        3,027           19,950            28,133           48,083           51,110

Financial Results

Stifel Financial Corp. Results Three months ended June 30, 2015 Adjustments consist primarily of acquisition related expenses, which management believes are duplicative and will be eliminated, stock-based compensation and other expenses which in managements view are not representative of ongoing business. Results presented for the three months ended June 30, 2014 and March 31, 2015 are non-GAAP. _________________________________________________________ (1) (2) (2) Three Months Ended June 30, 2015Three Months Ended ($ in thousands, except per share amounts)Non-GAAPAdjustmentsGAAP6/30/14% Change3/31/15% Change Total revenues $607,850 $- $607,850 $570,548 6.5% $574,001 5.9%Interest expense 10,099 - 10,099 9,094 11.1% 10,307 (2.0%)Net revenues 597,751 - 597,751 561,454 6.5% 563,694 6.0%Compensation and benefits 370,357 39,641 409,998 353,755 4.7% 352,283 5.1%Non-comp operating expenses 134,599 15,083 149,682 125,872 6.9% 130,602 3.1%Total non-interest expenses 504,956 54,724 559,680 479,627 5.3% 482,885 4.6%Income before income taxes 92,795 (54,724) 38,071 81,827 13.4% 80,809 14.8%Provision for income taxes 37,704 (20,521) 17,183 32,537 15.9% 30,869 22.1%Net income $55,091 $(34,203) $20,888 $49,290 11.8% $49,940 10.3%Earnings per diluted common share $0.71 $(0.44) $0.27 $0.65 9.2% $0.65 9.2%Weighted average number of shares outstanding:Diluted77,85675,6412.9%77,3590.6%Ratios to net revenues: Compensation and benefits62.0%68.6%63.0%62.5%Non-comp operating expenses22.5%25.0%22.4%23.2%Income before income taxes15.5%6.4%14.6%14.3%

Note: In millions, except diluted EPS and share data. Q2 2015 Non-GAAP Results vs. Estimates

Stifel Financial Corp. Results Six months ended June 30, 2015 Adjustments consist primarily of acquisition related expenses, which management believes are duplicative and will be eliminated, stock-based compensation and other expenses which in managements view are not representative of ongoing business. Results presented for the six months ended June 30, 2014 are non-GAAP. _________________________________________________________ (1) (2) Six Months Ended June 30, 2015Six Months Ended ($ in thousands, except per share amounts)Non-GAAPAdjustmentsGAAP6/30/14% Change Total revenues $1,181,850 $- $1,181,850 $1,127,890 4.8%Interest expense 20,405 2,712 23,117 17,991 13.4%Net revenues 1,161,445 (2,712) 1,158,733 1,109,899 4.6%Compensation and benefits 722,640 43,051 765,691 698,459 3.5%Non-comp operating expenses 265,201 19,704 284,905 245,739 7.9%Total non-interest expenses 987,841 62,755 1,050,596 944,198 4.6%Income before income taxes 173,604 (65,467) 108,137 165,701 4.8%Provision for income taxes 68,573 (24,421) 44,152 64,973 5.5%Net income $105,031 $(41,046) $63,985 $100,728 4.3%Earnings per diluted common share $1.35 $(0.53) $0.82 $1.33 1.5%Weighted average number of shares outstanding:Diluted77,62475,6652.6%Ratios to net revenues: Compensation and benefits62.2%66.1%62.9%Non-comp operating expenses22.9%24.6%22.2%Income before income taxes14.9%9.3%14.9%

Source of Revenues Three Months Ended Six Months Ended%  %  % ($ in thousands) 6/30/15 6/30/14 Change 3/31/15 Change 6/30/15 6/30/14 ChangeCommissions $    183,770 $    164,371 11.8% $        180,302 1.9% $      364,073 $      336,614 8.2% Principal transactions         85,543       110,717 (22.7%)           100,205 (14.6%)         186,275         221,399 (15.9%) Brokerage revenues        269,313       275,088 (2.1%)           280,507 (4.0%)         550,348         558,013 (1.4%)Capital raising         97,368         84,459 15.3%             75,646 28.7%         172,485         160,948 7.2%Advisory         63,639         60,356 5.4%             49,443 28.7%         113,083         119,129 (5.1%)Investment banking       161,007       144,815 11.2%           125,089 28.7%         285,568         280,077 2.0% Asset mgt and service fees       119,936         94,230 27.3%           113,869 5.3%         233,805         183,401 27.5%Other         13,742            8,745 57.1%             11,800 16.5%           25,541           13,983 82.7%    Total operating revenues       563,998       522,878 7.9%           531,265 6.2%     1,095,262     1,035,474 5.8%Interest revenue         43,851         46,115 (4.9%)             42,736 2.6%           86,588           88,950 (2.7%)    Total revenues       607,849       568,993 6.8%           574,001 5.9%     1,181,850     1,124,424 5.1%Interest expense         10,098            8,888 13.6%             13,019 (22.4%)           23,117           17,562 31.6%    Net revenues $    597,751 $    560,105 6.7% $        560,982 6.6% $  1,158,733 $  1,106,862 4.7%

Brokerage & Investment Banking Revenues Three Months Ended Six Months Ended ($ in thousands) 6/30/15 6/30/14 % Change 3/31/15 % Change 6/30/15 6/30/14 % Change Global Wealth Management $   158,803 $   160,540 (1.1%) $   157,995 0.5% $   317,024 $   320,840 (1.2%) Institutional Group Equity brokerage        58,551        60,865 (3.8%)        61,803 (5.3%)      120,548      125,439 (3.9%) Fixed income brokerage        51,959        53,683 (3.2%)        60,708 (14.4%)      112,777      111,734 0.9% Total Institutional Group      110,510      114,548 (3.5%)      122,511 (9.8%)      233,325      237,173 (1.6%) Total brokerage revenues      269,313      275,088 (2.1%)      280,506 (4.0%)      550,349      558,013 (1.4%) Investment Banking: Capital raising Equity         55,423        65,751 (15.7%)        48,931 13.3%      104,354      126,180 (17.3%) Fixed income        41,945        18,708 124.2%        26,715 57.0%        68,132        34,768 96.0% Total capital raising        97,368        84,459 15.3%        75,646 28.7%      172,486      160,948 7.2% Advisory fees        63,639        60,356 5.4%        49,443 28.7%      113,082      119,129 (5.1%) Total Investment banking      161,007      144,815 11.2%      125,089 28.7%      285,568      280,077 2.0% Three Months Ended Six Months Ended ($ in thousands) 6/30/15 6/30/14 % Change 3/31/15 % Change 6/30/15 6/30/14 % Change Global Wealth Management $   158,803 $   160,540 (1.1%) $   157,995 0.5% $   317,024 $   320,840 (1.2%) Institutional Group Equity brokerage        58,551        60,865 (3.8%)        61,803 (5.3%)      120,548      125,439 (3.9%) Fixed income brokerage        51,959        53,683 (3.2%)        60,708 (14.4%)      112,777      111,734 0.9% Total Institutional Group      110,510      114,548 (3.5%)      122,511 (9.8%)      233,325      237,173 (1.6%) Total brokerage revenues      269,313      275,088 (2.1%)      280,506 (4.0%)      550,349      558,013 (1.4%) Investment Banking: Capital raising Equity         55,423        65,751 (15.7%)        48,931 13.3%      104,354      126,180 (17.3%) Fixed income        41,945        18,708 124.2%        26,715 57.0%        68,132        34,768 96.0% Total capital raising        97,368        84,459 15.3%        75,646 28.7%      172,486      160,948 7.2% Advisory fees        63,639        60,356 5.4%        49,443 28.7%      113,082      119,129 (5.1%) Total Investment banking      161,007      144,815 11.2%      125,089 28.7%      285,568      280,077 2.0%

Non-GAAP Non-Interest Expenses Three months ended June 30, 2015 _________________________________________________________ Excludes adjustments for duplicative items associated with the integration of acquired businesses (merger-related expenses). Transition pay includes amortization of retention awards, signing bonuses, and upfront notes. Three Months Ended % of Net revenues (1) (1) ($ in thousands) 6/30/15 6/30/14 % Change 3/31/15 % Change 6/30/15 6/30/14 3/31/15 Net revenues $      597,751 $      561,454 6.5% $      563,694 6.0% 100.0% 100.0% 100.0% Compensation and benefits         345,465         328,381 5.2%         329,228 4.9% 57.8% 58.5% 58.4% Transitional pay (2)           24,892           25,374 (1.9%)           23,055 8.0% 4.2% 4.5% 4.1% Total compensation and benefits         370,357         353,755 4.7%         352,283 5.1% 62.0% 63.0% 62.5% Occupancy and equipment rental           45,914           40,762 12.6%           43,158 6.4% 7.7% 7.3% 7.7% Communication and office supplies           30,106           25,681 17.2%           28,755 4.7% 5.0% 4.6% 5.1% Commissions and floor brokerage             8,551             9,248 (7.5%)             9,800 (12.7%) 1.4% 1.6% 1.7% Other operating expenses           50,028           50,181 (0.3%)           48,889 2.3% 8.4% 8.9% 8.8% Total non comp operating expenses         134,599         125,872 6.9%         130,602 3.1% 22.5% 22.4% 23.2% Total non interest expense         504,956         479,627 5.3%         482,885 4.6% 84.5% 85.4% 85.7% Income before income taxes           92,795           81,827 13.4%           80,809 14.8% 15.5% 14.6% 14.3% Provision for income taxes           37,704           32,537 15.9%           30,869 22.1% 6.3% 5.8% 5.5% Non GAAP net income $        55,091 $        49,290 11.8% $        49,940 10.3% 9.2% 8.8% 8.9% Non GAAP expenses (after tax) (34,203)                (5,690) (6,843) GAAP net income $        20,888 $        43,600 $        43,097

Non-GAAP Non-Interest Expenses Six months ended June 30, 2015 _________________________________________________________ Excludes adjustments for duplicative items associated with the integration of acquired businesses (merger-related expenses). Transition pay includes amortization of retention awards, signing bonuses, and upfront notes. Six Months Ended % of Net revenues (1) (1) ($ in thousands) 6/30/15 6/30/14 % Change 6/30/15 6/30/14 Net revenues $   1,161,445 $   1,109,899 4.6% 100.0% 100.0% Compensation and benefits         674,693         649,633 3.9% 58.1% 58.6% Transitional pay (2)           47,947           48,826 (1.8%) 4.1% 4.4% Total compensation and benefits         722,640         698,459 3.5% 62.2% 62.9% Occupancy and equipment rental           89,072           80,582 10.5% 7.7% 7.3% Communication and office supplies           58,861           50,501 16.6% 5.1% 4.6% Commissions and floor brokerage           18,351           18,277 0.4% 1.6% 1.6% Other operating expenses           98,917           96,379 2.6% 8.5% 8.8% Total non comp operating expenses         265,201         245,739 7.9% 22.8% 22.1% Total non interest expense         987,841         944,198 4.6% 85.1% 85.1% Income before income taxes         173,604         165,701 4.8% 14.9% 14.9% Provision for income taxes           68,573           64,973 5.5% 5.9% 5.9% Non GAAP net income $      105,031 $      100,728 4.3% 9.0% 9.1% Non GAAP expenses (after tax) (41,046)                (9,745) GAAP net income $        63,985 $        90,983

Non-GAAP Segment Comparison Excludes the other segment. _________________________________________________________ Three Months Ended Six Months Ended %  %  % ($ in thousands) 6/30/15 6/30/14 Change 3/31/15 Change 6/30/15 6/30/14 Change Net revenues: Global Wealth Management $   343,382 $   307,247 11.8% $   329,410 4.2% $    672,792 $    604,430 11.3% Institutional Group      258,538      255,669 1.1%      238,607 8.4%       497,145       505,647 (1.7%) Other        (4,169)        (1,462) (185.2%)        (4,323) (3.6%)          (8,492)             (178) nm $   597,751 $   561,454 6.5% $   563,694 6.0% $ 1,161,445 $ 1,109,899 4.6% Operating contribution:  Global Wealth Management $     93,976 $     89,098 5.5% $     98,847 (4.9%) $    192,823 $    168,774 14.2% Institutional Group        41,942        42,312 (0.9%)        32,331 29.7%         74,273         87,222 (14.8%) Other       (43,123)    (49,583) 13.0%    (50,369) 14.4%      (93,492)      (90,295) (3.5%) $     92,795 $     81,827 13.4% $     80,809 14.8% $    173,604 $    165,701 4.8% As a percentage of net revenues:  (1) Operating contribution Global Wealth Management            27.4            29.0            30.0             28.7             27.9 Institutional Group            16.2            16.5            13.6             14.9             17.2            15.5            14.6            14.3             14.9             14.9 _________________________________________________________ (1) Excludes the other segment.

Global Wealth Management Three Months Ended Six Months Ended ($ in thousands) 6/30/15 6/30/14 % Change 3/31/15 % Change 6/30/15 6/30/14 % Change Commissions $    125,121 $    112,205 11.5% $    116,214 7.7% $    241,335 $    225,202 7.2% Principal transactions         33,682         48,335 (30.3%)         41,781 (19.4%)         75,689         95,638 (20.9%) Asset management & service fees       119,734         94,187 27.1%       113,666 5.3%       233,400       183,317 27.3% Net interest         37,454         35,839 4.4%         37,924 (1.2%)         75,378         71,101 6.0% Investment banking         15,128         11,132 35.9%         10,326 46.5%         25,228         22,263 13.3% Other income         12,263           5,549 121.0%           9,499 29.0%         21,762           6,909 215.0% Net revenues       343,382       307,247 11.8%       329,410 4.2%       672,792       604,430 11.3% Compensation and benefits       196,234       171,724 14.3%       183,243 7.1%       379,477       345,892 9.7% Non comp operating expenses         53,173         46,425 14.5%         47,320 12.4%       100,492         89,764 12.0% Total non interest expenses       249,407       218,149 14.3%       230,563 8.2%       479,969       435,656 10.2% Income before income taxes $      93,975 $      89,098 5.5% $      98,847 (4.9%) $    192,823 $    168,774 14.2% Ratios to net revenues : Compensation and benefits 57.1% 55.9% 55.6% 56.4% 57.2% Non comp operating expenses 15.5% 15.1% 14.4% 14.9% 14.9% Income before income taxes 27.4% 29.0% 30.0% 28.7% 27.9%

Stifel Bank & Trust (an operating unit of GWM) Note: Actual amounts presented above are as of period-end and yields are based off of quarter-to-date averages. Investment securities includes available-for-sale and held-to-maturity securities. Includes loans held for sale. As of 6/30/15 As of 6/30/14 As of 3/31/15 % Change Actual ($) Yield (%) Actual ($) Yield (%) Actual ($) Yield (%) Q215 v Q214 Q215 v Q115 Assets Cash           116,387                  0.19                132,843             0.37                 48,131                  0.24                (12.4)                141.8 (1) Investment securities      1,907,282                2.26          2,915,236             2.47         2,599,854                2.24              (34.6)              (26.6) (2) Bank loans      2,626,508                3.11          1,893,330             3.38         2,505,007                3.14                38.7                   4.9 Total interest earning assets       4,650,177                  2.68            4,941,409             2.73           5,152,992                  2.67                   (5.9)                   (9.8) Other assets (non interest earning)           136,070                  98,147               136,357                  38.6                   (0.2) Total assets       4,786,248            5,039,556           5,289,349                   (5.0)                   (9.5) Liabilities Deposits       4,313,940                  0.17            4,654,937             0.14           4,834,042                  0.18                   (7.3)                (10.8) Other liabilities (non interest bearing)             58,553                  41,574                 59,938                  40.8                   (2.3) Total liabilites       4,372,493            4,696,511           4,893,980                   (6.9)                (10.7) Net interest margin                  2.52             2.59                  2.46 Allowance for loan losses             23,923                  17,104 $              22,567                  39.9                    6.0 Allowance as a percentage of loans                  0.98 %                       0.97 %                      0.96 % Non performing assets as a percentage of total assets                0.13 %                       0.10 %                      0.13 % _________________________________________________________ Stifel Bank & Trust (Unaudited) Key Statistical Information Three Months Ended 3/31/13 % Change % Change (in 000s, except percentages) Net revenues $ 23,879 16,018 49.076039455612438 22,551 5.8888741075783777 Income before income taxes 17,236 11,403 51.153205296851702 15,977 7.8800776115666267 As of 6/30/15 As of 6/30/14 As of 3/31/15 % Change Actual ($) Yield (%) Actual ($) Yield (%) Actual ($) Yield (%) Q215 v Q214 Q215 v Q115 Assets Cash ,116,387 0.19 ,132,843 0.37 48,131 0.24 -12.387555234374412 141.81296877272445 Investment securities (1) 1,907,282.257 2.2599999999999998 2,915,236.4879999999 2.4700000000000002 2,599,853.9559999998 2.2400000000000002 -34.575384712322524 -26.63886936424516 Bank loans (2) 2,626,508.94 3.11 1,893,329.773 3.38 2,505,006.8769999999 3.14 38.724279914442562 4.8503346683626765 Total interest earning assets 4,650,177.3509999998 2.68 4,941,409.2609999999 2.73 5,152,991.8329999996 2.67 -5.8937014648542414 -9.7577193656693275 Other assets (non-interest earning) ,136,070.3049999997 98,146.73900000006 ,136,357.38999999966 38.639659744578594 -0.21053864407346271 Total assets 4,786,247.6559999995 5,039,556 5,289,349.2229999993 -5.0264020084309111 -9.5115967161391541 Liabilities Deposits 4,313,940 0.17 4,654,937 0.14000000000000001 4,834,042 0.18 -7.3254911935435434 -10.759153519973554 Other liabilities (non-interest bearing) 58,553.484000000171 41,573.638000000268 59,937.70100000035 40.8428196733704 -2.3094262490984945 Total liabilites 4,372,493.4840000002 4,696,510.6380000003 4,893,979.7010000004 -6.8991040151882244 -10.655667756313813 Net interest margin 2.52 2.59 2.46 Allowance for loan losses 23,923 17,104 $22,567 39.867867165575305 6.0087738733548983 Allowance as a percentage of loans 0.98 % 0.97 % 0.96 % Non-performing loans $3,907 $1,042 274.95201535508636 $3,907 0 Other non-performing assets 0 173 -,100 0 0 Non-performing assets $3,907 $1,215 221.56378600823047 $3,907 0 Non-performing assets as a percentage of total assets 0.13 % 0.1 % 0.13 % Stifel Bank & Trust (Unaudited) Key Statistical Information Three Months Ended 3/31/13 % Change % Change (in 000s, except percentages) Net revenues $ 23,879 16,018 49.076039455612438 22,551 5.8888741075783777 Income before income taxes 17,236 11,403 51.153205296851702 15,977 7.8800776115666267 As of 6/30/15 As of 6/30/14 As of 3/31/15 % Change Actual ($) Yield (%) Actual ($) Yield (%) Actual ($) Yield (%) Q215 v Q214 Q215 v Q115 Assets Cash ,116,387 0.19 ,132,843 0.37 48,131 0.24 -12.387555234374412 141.81296877272445 Investment securities (1) 1,907,282.257 2.2599999999999998 2,915,236.4879999999 2.4700000000000002 2,599,853.9559999998 2.2400000000000002 -34.575384712322524 -26.63886936424516 Bank loans (2) 2,626,508.94 3.11 1,893,329.773 3.38 2,505,006.8769999999 3.14 38.724279914442562 4.8503346683626765 Total interest earning assets 4,650,177.3509999998 2.68 4,941,409.2609999999 2.73 5,152,991.8329999996 2.67 -5.8937014648542414 -9.7577193656693275 Other assets (non-interest earning) ,136,070.3049999997 98,146.73900000006 ,136,357.38999999966 38.639659744578594 -0.21053864407346271 Total assets 4,786,247.6559999995 5,039,556 5,289,349.2229999993 -5.0264020084309111 -9.5115967161391541 Liabilities Deposits 4,313,940 0.17 4,654,937 0.14000000000000001 4,834,042 0.18 -7.3254911935435434 -10.759153519973554 Other liabilities (non-interest bearing) 58,553.484000000171 41,573.638000000268 59,937.70100000035 40.8428196733704 -2.3094262490984945 Total liabilites 4,372,493.4840000002 4,696,510.6380000003 4,893,979.7010000004 -6.8991040151882244 -10.655667756313813 Net interest margin 2.52 2.59 2.46 Allowance for loan losses 23,923 17,104 $22,567 39.867867165575305 6.0087738733548983 Allowance as a percentage of loans 0.98 % 0.97 % 0.96 % Non-performing loans $3,907 $1,042 274.95201535508636 $3,907 0 Other non-performing assets 0 173 -,100 0 0 Non-performing assets $3,907 $1,215 221.56378600823047 $3,907 0 Non-performing assets as a percentage of total assets 0.13 % 0.1 % 0.13 %

Institutional Group Three Months Ended Six Months Ended ($ in thousands) 6/30/15 6/30/14 % Change 3/31/15 % Change 6/30/15 6/30/14 % Change Net revenues $    258,538 $    255,670 1.1% $    238,607 8.4% $    497,145 $    505,647 (1.7%) Compensation and benefits       160,077       157,500 1.6%       149,411 7.1%       309,488       311,734 (0.7%) Non comp operating expenses         56,519         55,858 1.2%         56,865 (0.6%)       113,384       106,691 6.3% Total non interest expenses       216,596       213,358 1.5%       206,276 5.0%       422,872       418,425 1.1% Income before income taxes $      41,942 $      42,312 (0.9%) $      32,331 29.7% $      74,273 $      87,222 (14.8%) Ratios to net revenues : Compensation and benefits 61.9% 61.6% 62.6% 62.3% 61.7% Non comp operating expenses 21.9% 21.9% 23.8% 22.8% 21.1% Income before income taxes 16.2% 16.5% 13.6% 14.9% 17.2%

Financial Condition

Capital Structure (in thousands, except ratios) _________________________________________________________ Debt to equity ratio includes the debentures to Stifel Financial Capital Trusts and Senior Notes divided by stockholders’equity. As of  As of ($ in thousands) 6/30/15 6/30/14 3/31/15 Total Assets $ 10,139,542 $ 9,575,012 $ 9,373,137 Stockholders' Equity      2,520,251    2,173,191    2,363,244 4.250% senior notes, due 2024 $      300,000 $             $    300,000 5.375% senior notes, due 2022         150,000       150,000       150,000 6.70% senior notes, due 2022                       175,000                Debentures to Stifel Financial Capital Trusts II, III, & IV           82,500         82,500         82,500 Total Capitalization $   3,052,751 $ 2,580,691 $ 2,895,744 Ratios: (1) Debt to Equity  21.1% 18.8% 22.5% Tier 1 Leverage Ratio OPEN 15.4% 17.5% Tier 1 Risk Based Capital Ratio OPEN 25.5% 29.9%

Other Financial Data _________________________________________________________ Includes 736, 140, and 134 independent contractors as of June 30, 2015, June 30, 2014, and March 31, 2015, respectively. As of  As of  6/30/15 6/30/14 % Change 3/31/15 % Change Total assets (000s): Stifel Nicolaus & Stifel Financial  $           5,353,294 $        4,535,016 18.0% $        4,083,788 31.1% Stifel Bank               4,786,248           5,039,996 (5.0%)           5,289,349 (9.5%) Total assets            10,139,542 $        9,575,012 5.9%           9,373,137 8.2% Total shareholders' equity (000s): Stifel Nicolaus & Stifel Financial  $           2,106,497 $        1,829,706 15.1% $        1,967,874 7.0% Stifel Bank                  413,754               343,485 20.5%               395,370 4.6% Total shareholders' equity              2,520,251 $        2,173,191 16.0%           2,363,244 6.6% Leverage ratio: Stifel Nicolaus & Stifel Financial                            2.0                        2.0 (0.9%)                        1.6 24.3% Stifel Bank                         11.6                      14.7 (21.2%)                      13.4 (13.5%) Total leverage ratio                           3.3                        3.7 (11.2%)                        3.2 2.7% Book value per share $                   36.35 $                33.18 9.6% $                34.83 4.4% (1) Financial advisors                      2,823                   2,085 35.4%                   2,097 34.6% Full time associates                      6,952                   5,881 18.2%                   6,274 10.8% Locations                          398                       361 10.2%                       368 8.2% Total client assets (000s)  $      190,241,000 $   173,383,000 9.7% $   188,616,000 0.9% (1)

Acquisition Updates

Non-GAAP Deal Integration Costs _________________________________________________________ Assumes an effective income tax rate of 40.0%. Three months ended 6/30/15 Estimate ($ in thousands) Actual Estimate 9/30/15 12/31/15 3/31/16 6/30/16 Existing acquisitions Duplicative operating expenses: Acacia Federal Savings Bank                                                                    De La Rosa & Co., Inc.              9          120          120                                   Keefe, Bruyette & Woods, Inc.                                                                    Knight Fixed Income       2,443       2,600       2,600       2,600       2,600             1919 Investment Counsel           661          300          200          200                        Miller Buckfire & Co., LLC       1,133       1,400                                              Oriel Securities Holding Limited       1,242       1,000          500                                   Ziegler Capital Management                                                                    Merchant Capital           217                                                         Sterne Agee     23,834     20,000     18,700     15,200     11,700        8,200 Barclays          398                                                         Debt issuance cost write off                                                                    Intangible amortization       1,950       2,200       2,200       2,200       2,200        2,200 Sterne Agee   Stock based compensation     22,837     32,000                                              Total Deal Costs (pre tax)     54,724     59,620     24,320     20,200     16,500      10,400 Total Deal Costs (after tax) (1) $  34,203 $  35,772 $  14,592 $  12,120 $    9,900 $     6,240

Q&A