RJF · 10-Q · 2026Q2 · Full report

Outstanding Indebtedness

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 46 · Surprise 42 · In source text

RJF issued $1.5 billion of senior notes in September 2025, increasing interest expense and reducing Other-segment net revenues during the current fiscal year. The company had $700 million of FHLB borrowings outstanding at June 30, 2026, consisting of floating- and fixed-rate advances. RJF and RJ&A had no borrowings under their $1 billion committed unsecured credit facility at June 30, 2026. Uncommitted financing borrowings included $250 million under other borrowings and $265 million under collateralized financings, while immediate credit availability totaled $9.5 billion from the FHLB and $18.0 billion from the Federal Reserve.

Key facts

• Incremental interest expense from $1.5 billion of senior notes issued in September 2025 negatively impacted net interest income source
• Aggregate outstanding senior notes payable of $3.52 billion at June 30, 2026, comprised of $500 million par 4.65% senior notes due April 2030, $650 million par 4.90% senior notes due September 2035, $800 million par 4.95% senior notes due July 2046, $750 million par 3.75% senior notes due April 2051, and $850 million par 5.65% senior notes due September 2055. source
• Net revenues in Other decreased $16 million in the quarter ended June 30, 2026 primarily due to incremental interest expense from $1.5 billion of senior notes issued in September 2025, net of interest income on reinvested proceeds source
• Other borrowings: $700 million in FHLB borrowings outstanding at June 30, 2026 comprised of floating-rate and fixed-rate advances source

Impact estimates