Raymond James - RJF STOCK NEWS

Lisa Detanna, Managing Director and Private Wealth Advisor of Global Wealth Solutions Group of Raymond James in Beverly Hills, has been named to Forbes' 2025 List of America's Top Women Wealth Advisors. The recognition, announced on February 11th, was determined through SHOOK Research's algorithm evaluating qualitative insights and quantitative factors.

With over 30 years of experience in financial services, Detanna joined Raymond James in 2011 and specializes in serving family offices, multigenerational families, and high-net-worth clients. The selection process considered factors including revenue trends, assets under management, compliance records, and industry experience, with candidates requiring a minimum of seven years of experience.

The ranking process evaluated 48,220 nominations, with 100 women being selected. The assessment period covered September 30, 2023, to September 30, 2024.

TriState Capital Bank's Equipment Finance division has achieved significant recognition by securing a spot at No. 46 in the Monitor Daily's 'Monitor Bank 50' listing for 2024. This milestone follows their impressive 59.1% year-over-year growth in equipment finance total assets, reaching $551.2 million in 2023, up from $346.5 million in 2022.

The division added $221.1 million in new business in 2023, marking their fifth consecutive year on the Monitor 100. Under the leadership of Tim Moriarity, Executive Vice President, the division has expanded significantly since its 2018 establishment, growing from $18.1 million to $551 million in assets.

Operating primarily in the Northeast and Midwest regions, with focus areas including Pittsburgh, Philadelphia, New York City, Cleveland, and North Jersey, the division specializes in financing essential-use equipment for transportation, manufacturing, and construction sectors. Despite challenging market conditions with rising interest rates and tighter margins, the team maintains its commitment to providing competitive leasing and loan options.

Raymond James Financial (RJF) reported strong fiscal Q1 2025 results with record quarterly net revenues of $3.54 billion, up 17% year-over-year and 2% sequentially. Net income available to common shareholders reached $599 million, or $2.86 per diluted share. Adjusted net income was $614 million, or $2.93 per diluted share.

Client assets under administration grew to $1.56 trillion, with record Private Client Group fee-based assets of $876.6 billion, up 17% from December 2023. The company generated $14.0 billion in domestic net new assets, representing a 4.0% annualized growth rate. The board increased the quarterly dividend by 11% to $0.50 per share and authorized a $1.5 billion share repurchase program.

Raymond James Financial (NYSE: RJF) announced significant shareholder returns initiatives on December 3, 2024. The company increased its quarterly cash dividend by 11.1% to $0.50 per share from $0.45, payable January 16, 2025, to shareholders of record on January 2, 2025.

The Board also declared a quarterly dividend of $0.3984375 per depositary share for its Series B Preferred Stock and authorized a new $1.5 billion share repurchase program. This replaces the previous authorization from November 30, 2023, which had approximately $644 million remaining. The new repurchase program has no fixed expiration date and allows for purchases through various methods at the company's discretion.

Raymond James Financial reported record financial results for fiscal 2024, with annual net revenues reaching $12.82 billion (up 10%) and net income available to common shareholders of $2.06 billion (up 19%). The fourth quarter saw record net revenues of $3.46 billion and net income of $601 million ($2.86 per diluted share). Client assets under administration reached a record $1.57 trillion, with Private Client Group assets in fee-based accounts at $875.2 billion. The company maintained strong capital ratios and returned approximately $1.3 billion to shareholders through share repurchases and dividends in fiscal 2024.

Investortools, a leading fixed-income software provider, has partnered with SumRidge Partners, a Raymond James company and top-ranked liquidity provider. This collaboration integrates SumRidge's live offerings into the Investortools Dealer Network (IDN), enhancing secondary market visibility for asset managers, broker-dealers, and traders.

The partnership aims to increase transparency, streamline trade execution, and improve efficiency in fixed-income transactions. Investortools clients now have direct access to SumRidge's inventory, enabling bilateral transactions through IDN. This integration is expected to reduce transactional costs and create a more seamless trading environment.

The collaboration aligns with Raymond James' strategy to advance its position in the evolving fixed-income market, following its acquisition of SumRidge Partners. Both companies express commitment to shaping a more efficient and connected municipal bond landscape for their clients.

Raymond James Financial (NYSE: RJF) has declared quarterly dividends on its common and preferred stock. The Board of Directors approved a $0.45 per share cash dividend on common stock, payable on October 15, 2024, to shareholders of record on October 1, 2024. Additionally, a quarterly dividend of $0.3984375 per depositary share was declared on the 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB), payable on October 1, 2024, to shareholders of record on September 13, 2024. This dividend declaration demonstrates Raymond James Financial's commitment to returning value to its shareholders and maintaining its dividend policy.

Raymond James Financial reported strong fiscal Q3 2024 results, with record quarterly net revenues of $3.23 billion, up 11% year-over-year. Net income available to common shareholders reached $491 million, or $2.31 per diluted share. Adjusted net income was $508 million, or $2.39 per diluted share.

Highlights include:

• Record client assets under administration of $1.48 trillion, up 15% from June 2023
• Private Client Group assets in fee-based accounts at $820.6 billion, up 18% year-over-year
• Domestic Private Client Group net new assets of $16.5 billion, representing 5.2% annualized growth
• Total clients' domestic cash sweep and ESP balances of $56.4 billion, down 3% from both June 2023 and March 2024

The company repurchased approximately 2 million shares for $243 million during the quarter.

TriState Capital Bank has been recognized as one of the top-performing equipment finance companies in the US for the fifth consecutive year by Monitor. The bank's Equipment Finance division achieved a 59.1% year-over-year growth in total assets, reaching $551.2 million in 2023 from $346.5 million in 2022. This impressive growth, driven by $221.1 million in new business, propelled TriState Capital to No. 84 on the 2024 Monitor 100, up 10 spots from the previous year.

Tim Moriarity, executive vice president and manager of the equipment group, attributes the success to building strong relationships and personalized service. The division focuses on financing essential-use equipment for middle market companies, primarily in the transportation, manufacturing, and construction sectors. Since its inception in 2018, the division has grown its assets from $18.1 million to $551 million in 2023.