# Raymond James Financial (RJF) - Recent Events

## Filings that contain financial statements

- Form 8-K filed July 22, 2026 (accession 0000720005-26-000066), Exhibit 99.1 earnings release for the fiscal third quarter ended June 30, 2026: consolidated statements of income (three months ended June 30, 2026 against June 30, 2025 and March 31, 2026; nine months ended June 30, 2026 against 2025), plus segment results and selected highlights. No balance sheet or cash flow statement is included. The Form 10-Q (accession 0000720005-26-000070, filed August 5, 2026) carries the full statements for the same period.
- Form 8-K filed April 22, 2026 (accession 0000720005-26-000046), Exhibit 99.1: consolidated statements of income for the fiscal second quarter ended March 31, 2026 and the six months then ended, with segment results.
- Form 8-K filed January 28, 2026 (accession 0000720005-26-000030), Exhibit 99.1: consolidated statements of income for the fiscal first quarter ended December 31, 2025, with segment results.

## Earnings and results

- **July 22, 2026 - fiscal Q3 2026 (accession 0000720005-26-000066).** Record net revenues of $3.93 billion, up 16% from the prior-year quarter and 2% from the prior quarter. Net income available to common shareholders was $595 million, or $3.01 per diluted share (up 42% year over year); adjusted net income was $620 million, or $3.14 per diluted share, excluding $25 million of after-tax acquisition-related expenses. Annualized return on common equity was 18.8%. Effective tax rate was 20.7%. Client assets under administration reached a record $1.92 trillion, domestic Private Client Group net new assets were $21.7 billion, and net bank loans were a record $56.2 billion. Segment pre-tax income: Private Client Group $423 million, Capital Markets $48 million, Asset Management $143 million, Bank a record $206 million. The firm repurchased $400 million of common stock at an average of $152 per share in the quarter, with $1.1 billion of authorization remaining at June 30, 2026. Total capital ratio was 22.5% and tier 1 leverage ratio 11.7%.
- **April 22, 2026 - fiscal Q2 2026 (accession 0000720005-26-000046).** Record net revenues of $3.86 billion (up 13% year over year); net income available to common shareholders of $542 million, or $2.72 per diluted share; adjusted $564 million, or $2.83 per diluted share. Domestic Private Client Group net new assets were $23.0 billion. Client assets under administration were $1.76 trillion, down 1% from December 2025.
- **January 28, 2026 - fiscal Q1 2026 (accession 0000720005-26-000030).** Record net revenues of $3.74 billion (up 6%); net income available to common shareholders of $562 million, or $2.79 per diluted share; adjusted $577 million, or $2.86 per diluted share. Domestic Private Client Group net new assets were $30.8 billion. The release states the quarterly dividend was increased 8% and $400 million of shares were repurchased during the quarter.
- **May 27, 2026 - Analyst and Investor Day (accession 0000720005-26-000060).** Presentation slides furnished. The slides list financial targets of an adjusted compensation ratio of about 65%, adjusted pre-tax margin of about 20%, adjusted return on common equity of 17% or more and adjusted return on tangible common equity of 20% or more, subject to stated assumptions of current equity markets and short-term interest rates.

## Acquisitions

- **Clark Capital Management Group - signed January 15, 2026, closed April 30, 2026.** The Form 8-K of January 15, 2026 (accession 0000720005-26-000028) announced a definitive agreement to acquire all outstanding shares of Clark Capital, a Philadelphia asset manager with over $46 billion in discretionary and non-discretionary assets, with closing expected by the third calendar quarter of 2026 subject to regulatory approvals; it would operate as a boutique within Raymond James Investment Management. The Form 10-Q for the quarter ended June 30, 2026 (accession 0000720005-26-000070) states the firm "completed our acquisition" on April 30, 2026, funded with cash on hand. It recorded about $305 million of goodwill and $330 million of identifiable intangibles on preliminary estimates, and Clark Capital contributed about $36 billion of financial assets under management and $11 billion of non-discretionary assets at closing. The July 22 earnings release also describes the acquisition as completed in the quarter (accession 0000720005-26-000066). The company did not file a Form 8-K for the closing.
- **GreensLedge Holdings LLC - closed.** The Form 10-Q (accession 0000720005-26-000070) states the firm completed the acquisition of a majority stake in GreensLedge, a structured-products advisory and placement investment bank, during the nine months ended June 30, 2026, with results included in the Capital Markets segment from March 1, 2026. Goodwill of $131 million and identifiable intangibles of $31 million were recorded. Contingent consideration for Clark Capital and GreensLedge together has a maximum of $275 million, payable over five to seven years. The company did not file a Form 8-K for the closing.

## Capital actions

- **December 3, 2025 - dividend increase and larger buyback authorization (Form 8-K filed December 4, 2025, accession 0000720005-25-000095).** The Board declared a quarterly dividend of $0.54 per common share, payable January 16, 2026 to holders of record January 2, 2026, an 8% increase from the previous $0.50 (paid October 15, 2025). It also authorized repurchases of up to $2 billion of common stock, replacing the previous $1.5 billion authorization announced December 3, 2024, of which about $105 million remained as of December 2, 2025; the authorization has no fixed expiration date. The Form 10-Q (accession 0000720005-26-000070) confirms the December 2025 authorization of up to $2 billion, which replaced the previous one; $1.1 billion remained at June 30, 2026 (earnings release, accession 0000720005-26-000066).
- **Series B preferred stock redemption - announced December 2, 2025 (Form 8-K, accession 0001193125-25-304558), completed January 2, 2026.** The firm announced it would redeem all 80,500 outstanding shares of its 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock and the related depositary shares (NYSE: RJF PrB) at $1,000.00 per share ($25.00 per depositary share). The Form 10-Q (accession 0000720005-26-000070) reports the redemption, at an aggregate redemption value of $81 million.
- Quarterly cash dividend of $0.54 per share declared each time: February 19, 2026 (payable April 15, 2026; accession 0000720005-26-000041), May 13, 2026 (payable July 15, 2026; accession 0000720005-26-000056) and August 26, 2026 (payable October 15, 2026, record date October 1, 2026; accession 0000720005-26-000075).
- Quarterly share repurchases are reported in the earnings releases above.

## Governance

- **February 19, 2026 - Annual Meeting (accession 0000720005-26-000041).** All twelve director nominees were elected. Shareholders approved the advisory say-on-pay proposal (94.74% of votes cast), the Amended and Restated 2012 Stock Incentive Plan (95.32%) and the Amended and Restated 2003 Employee Stock Purchase Plan (99.39%), and ratified KPMG LLP as auditor for fiscal 2026 (95.37%).
- **Board appointment (Form 8-K filed September 1, 2026, accession 0000720005-26-000075).** The Item 5.02 disclosure states the Board appointed William W. Weatherford, managing partner of Weatherford Capital, as an independent director effective December 15, 2026, to serve on the Audit and Risk Committees. The accompanying press release is dated August 31, 2026.

## Monthly operating data (Regulation FD furnishings)

The firm furnishes selected monthly operating data by 8-K; these carry no financial statements. Client assets under administration: October 2025 $1.75 trillion (accession 0000720005-25-000090); November 2025 $1.77 trillion (accession 0000720005-25-000097); January 2026 $1.80 trillion (0000720005-26-000038); February 2026 $1.83 trillion (0000720005-26-000043); April 2026 $1.87 trillion (0000720005-26-000058); May 2026 $1.92 trillion (0000720005-26-000063); July 2026 $1.93 trillion (0000720005-26-000073); August 2026 $1.97 trillion, up 16% year over year (0000720005-26-000077).