RJF · 10-Q · 2026Q2

RAYMOND JAMES FINANCIAL INC

Filed 2026-08-05 · Financials · View original filing on EDGAR

Ranked Events

• Acquisitions and PartnershipsImportance 71 · Surprise 60
  RJF completed its acquisition of Clark Capital on April 30, 2026, adding approximately $36 billion of financial assets under management and $11 billion of non-discretionary assets. Clark Capital contributed two months…
• Bank Net Interest IncomeImportance 69 · Surprise 64
  Bank segment second-quarter 2026 net revenues increased 7% to $488 million, while pre-tax income increased 67% to $206 million. Net interest income increased $32 million, or 7%, because average interest-earning assets…
• Asset Management GrowthImportance 67 · Surprise 66
  Asset Management second-quarter 2026 net revenues increased 24% to $362 million, and pre-tax income increased 14% to $143 million. Financial assets under management totaled $345.0 billion at June 30, 2026, up from…
• Distribution ChannelsImportance 65 · Surprise 48
  Raymond James expanded its RIA and custody services (RCS) channel, with RCS client assets reaching $251.3 billion as of June 30, 2026, up from $201.6 billion a year earlier. RCS fee-based assets increased to $220.1…
• Managed Assets And FlowsImportance 64 · Surprise 56
  Total financial assets under management reached $345.0 billion at June 30, 2026, up from $263.2 billion a year earlier, while gross financial assets under management including affiliated assets reached $362.1 billion.…
• Capital Return ProgramImportance 64 · Surprise 42
  Raymond James repurchased $400 million of common stock during the quarter ended June 30, 2026 at an average price of $152 per share. The company repurchased $1.2 billion of common stock during the first nine months of…
• Operating Income and MarginsImportance 64 · Surprise 56
  Fiscal third-quarter 2026 pre-tax income increased 33% year over year to $750 million, and the pre-tax margin expanded to 19.1% from 16.6%. Nine-month pre-tax income increased 12% to $2.21 billion, while the nine-month…
• Liquidity and Capital PositionImportance 61 · Surprise 32
  Common equity tier 1 capital declined to $10.651 billion at June 30, 2026 from $11.081 billion at September 30, 2025, while total capital declined to $11.126 billion from $11.687 billion. Treasury stock increased to a…
• Capital Markets PerformanceImportance 59 · Surprise 48
  Capital Markets net revenues increased 25% year over year to $477 million in the quarter and 5% to $1.32 billion for the first nine months. Investment banking revenue increased 40% in the quarter, driven by more…
• Litigation and Legal RiskImportance 59 · Surprise 82
  Raymond James recorded a $58 million expense in the prior-year quarter related to the settlement of a legal matter, which did not recur in the quarter ended June 30, 2026. The company reported higher external legal…
• Interest-Only Mortgage ExposureImportance 54 · Surprise 40
  Adjustable-rate and other residential mortgage loans with initial interest-only payment periods totaled $3.41 billion at June 30, 2026, up from $3.04 billion at September 30, 2025, a 12% increase. These loans…
• Liquidity and Debt PositionImportance 54 · Surprise 40
  Raymond James had $9.977 billion of cash and cash equivalents at June 30, 2026, including $2.52 billion of corporate cash, after a $1.41 billion decline from September 30, 2025. The firm had a $1 billion committed…
• Interest Rate EnvironmentImportance 54 · Surprise 14
  Raymond James’ banking operations are exposed to interest-rate movements through a portfolio of cash, securities-based lending, commercial and real estate loans, residential mortgages, tax-exempt loans and…
• Operating Expense TrendsImportance 54 · Surprise 40
  Private Client Group compensation-related expenses increased $321 million, or 18%, in the second quarter and $850 million, or 16%, over nine months, driven by higher commissions and advisor recruiting and retention…
• Wealth Management GrowthImportance 48 · Surprise 40
  Private Client Group asset management and related administrative fees increased 19% year over year in the quarter and 17% in the first nine months, driven by higher fee-based account assets, market appreciation, and…
• Revenue Performance and MixImportance 48 · Surprise 40
  Fiscal third-quarter 2026 net revenues increased 16% year over year to $3.93 billion, while nine-month net revenues increased 11% to $11.52 billion. Quarterly growth was driven by higher asset management and related…
• Outstanding IndebtednessImportance 46 · Surprise 42
  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…
• Credit Loss Provision BenefitImportance 45 · Surprise 64
  The Bank segment recorded a $26 million credit-loss benefit in the second quarter of 2026 versus a $15 million provision in the prior-year quarter. The quarterly benefit reflected net paydowns in the corporate loan…
• Regulatory RiskImportance 44 · Surprise 60
  Beginning in August 2024, the SEC Division of Enforcement requested information about Raymond James’ cash sweep programs for investment advisory clients, and the firm continues to cooperate. Three putative federal…
• Net Interest Income TrendsImportance 44 · Surprise 24
  Third-quarter 2026 combined net interest income and RJBDP fees from third-party banks were $658 million, approximately unchanged year over year. Growth in average Bank interest-earning assets, particularly…

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