Principal Enterprise Data & AI Architect

Raymond James Financial Reports fourth quarter and fiscal 2026 results. ST. PETERSBURG, Fla., Oct. 28, 2026 (GLOBE NEWSWIRE) - * Record annual net revenues of $15.79 billion, record net income available to common shareholders of $2.37 billion, and record earnings per diluted share of $11.91 for fiscal 2026 * Record quarter-end client assets under administration of $1.94 trillion and record quarter-end Private Client Group (PCG) assets in fee-based accounts of $1.16 trillion, up 12% and 15%, respectively, over September 2025 * Returned approximately $1.7 billion of capital to shareholders through the combination of common share repurchases and dividends paid in fiscal 2026 * Record quarterly net revenues of $4.27 billion, up 15% over the prior year's fiscal fourth quarter and 9% over the preceding quarter * Record quarterly net income available to common shareholders of $666 million and record diluted earnings per share of $3.40, up 15% over the prior year's fiscal fourth quarter and 13% over the preceding quarter; record quarterly adjusted net income available to common shareholders of $703 million(1), or a record $3.59 per diluted share(1) * Domestic PCG net new assets(2) of $22.8 billion for the fiscal fourth quarter, or annualized growth from beginning of the quarter assets of 5.3%; Fiscal year domestic PCG net new assets(2) of $98.3 billion, or growth from beginning of the year assets of 6.4% * Quarterly combined net interest income and Raymond James Bank Deposit Program (RJBDP) third-party bank fees of $674 million, up 3% over the prior year's fiscal fourth quarter and 2% over the preceding quarter * Annualized return on common equity and annualized adjusted return on tangible common equity of 20.6% and 26.6%(1), respectively, for the fiscal fourth quarter; Return on common equity of 18.7% and adjusted return on tangible common equity of 23.0%(1) for fiscal 2026 Raymond James Financial, Inc. (NYSE: RJF) today reported net revenues of $4.27 billion and net income available to common shareholders of $666 million, or $3.40 per diluted share, for the fiscal fourth quarter ended September 30, 2026. Quarterly adjusted net income available to common shareholders, which excluded $37 million of acquisition-related expenses, net of tax, was $703 million(1), or $3.59 per diluted share(1). "We delivered our sixth consecutive year of record annual revenues and earnings, a testament to our resilient, diversified businesses anchored by our Private Client Group," said CEO Paul Shoukry. "We ended the fiscal year with record Private Client Group assets in fee-based accounts, up 15% year-over-year, and domestic Private Client Group net new assets of $98 billion, up 88% over fiscal 2025, reflecting solid financial advisor retention and record recruiting results. We generated an adjusted return on tangible common equity of 23%(1) for the year while investing in long-term growth and maintaining very strong capital levels. These results reflect our advisor- and client-focused values coupled with our robust capabilities and resources. As we enter fiscal 2027, while there are several geopolitical and macroeconomic uncertainties, we are well positioned with record client asset levels, a strong investment banking pipeline, and attractive growth opportunities across our businesses." Record quarterly net revenues increased 15% over the prior year's fiscal fourth quarter, largely driven by robust growth in asset management and related administrative fees, which grew 23% to $2.31 billion. Compared to the preceding quarter, quarterly net revenues grew 9%, primarily driven by higher asset management and related administrative fees, as well as increases in investment banking revenues and affordable housing investments business revenues. Record quarterly pre-tax income increased 15% over the preceding quarter and record net income available to common shareholders increased 12%. For the fiscal fourth quarter, annualized return on common equity and annualized adjusted return on tangible common equity were 20.6% and 26.6%(1), respectively. For the fiscal year, record net revenues of $15.79 billion increased 12% and record earnings per diluted share of $11.91 and record adjusted earnings per diluted share of $12.41(1) each increased 16% over fiscal 2025. The Private Client Group and the Asset Management segments generated record net revenues, and the Asset Management and Bank segments generated record pre-tax income in fiscal 2026. Return on common equity was 18.7% and adjusted return on tangible common equity was 23.0%(1) for fiscal 2026. Segment Results Private Client Group * Record quarterly net revenues of $3.06 billion, up 15% over the prior year's fiscal fourth quarter and 8% over the preceding quarter * Quarterly pre-tax income of $458 million, up 10% over the prior year's fiscal fourth quarter and 8% over the preceding quarter * Domestic PCG net new assets(2) of $22.8 billion for the fiscal fourth quarter, or annualized growth from beginning of the quarter assets of 5.3%; Fiscal year domestic PCG net new assets(2) of $98.3 billion, up 88% compared to fiscal 2025, reflecting growth from beginning of the year assets of 6.4% * Record quarter-end Private Client Group assets in fee-based accounts of $1.16 trillion, up 15% over September 2025 and 1% over June 2026 * Total clients' domestic cash sweep and Enhanced Savings Program balances of $58.0 billion, up 3% over September 2025 and down 1% compared to June 2026 * Record annual net revenues of $11.48 billion and annual pre-tax income of $1.74 billion, up 13% and 1%, respectively, compared to fiscal 2025 Record quarterly net revenues rose 15% year-over-year, primarily driven by higher asset management and related administrative fees, which grew 21% to $1.92 billion mainly due to market appreciation and net inflows into fee-based accounts. Quarterly pre-tax income increased 10% year-over-year, as growth in asset management fee revenue was partially offset by higher financial advisor commissions tied to strong compensable revenue growth and increased expenses supporting record recruiting results. Capital Markets * Quarterly net revenues of $549 million, up 7% over the prior year's fiscal fourth quarter and 15% over the preceding quarter * Quarterly investment banking revenues of $361 million, up 17% over the prior year's fiscal fourth quarter and 27% over the preceding quarter * Quarterly pre-tax income of $106 million, up 18% over the prior year's fiscal fourth quarter and 121% over the preceding quarter * Annual net revenues of $1.87 billion and annual pre-tax income of $214 million, up 6% and 47%, respectively, over fiscal 2025 Quarterly net revenues increased 7% over the prior-year period, driven by higher M&A and advisory revenues which were partially offset by lower fixed income brokerage revenues. Sequentially, quarterly net revenues grew 15%, largely due to higher M&A and advisory revenues, affordable housing investments business revenues and debt underwriting revenues, partially offset by lower fixed income brokerage revenues. Asset Management * Record quarterly net revenues of $409 million, up 30% over the prior year's fiscal fourth quarter and 13% over the preceding quarter * Record quarterly pre-tax income of $170 million, up 29% over the prior year's fiscal fourth quarter and 19% over the preceding quarter * Financial assets under management of $342.9 billion, up 25% over September 2025 and down 1% compared to June 2026. * Record annual net revenues of $1.42 billion and record annual pre-tax income of $593 million, up 20% and 18%, respectively, over fiscal 2025 Record quarterly net revenues increased 30% year-over-year, primarily driven by higher financial assets under management resulting from market appreciation and net inflows into Private Client Group fee-based accounts, and the addition of Clark Capital(3) during our fiscal third quarter of 2026. * Quarterly net revenues of $483 million, up 5% over the prior year's fiscal fourth quarter and down 1% compared to the preceding quarter * Quarterly pre-tax income of $180 million, up 35% over the prior year's fiscal fourth quarter and down 13% compared to the preceding quarter * Quarterly bank loan benefit for credit losses of $8 million * Record net bank loans of $57.5 billion, up 11% over September 2025 and 2% over June 2026 * Securities-based loans of $26.2 billion, up $6.4 billion, or 32%, over September 2025 * Annual net revenues of $1.94 billion and record annual pre-tax income of $725 million, up 9% and 48%, respectively, over fiscal 2025 Record net bank loans grew 11% over the prior-year quarter, driven by continued growth in securities-based loans and residential mortgage loans, which rose by 32% and 12%, respectively. Net interest margin of 2.60% for the quarter was down 11 basis points compared to both the prior year's fiscal fourth quarter and the preceding quarter. The credit quality of the loan portfolio remains strong. Other Matters During the fiscal year, the firm repurchased $1.25 billion of common stock at an average price of $156 per share, including $50 million of common stock repurchased in the fiscal fourth quarter. As of September 30, 2026, $1.05 billion remained available under the Board of Directors' approved common stock repurchase authorization. At the end of the quarter, the total capital ratio was 24.2%(4) and the tier 1 leverage ratio was 12.1%(4), both well above regulatory requirements. A conference call to discuss the results will take place today, Wednesday, October 28, at 5:00 p.m. ET. The live audio webcast, and the presentation which management will review on the call, will be available at www.raymondjames.com/investor-relations/financial-information/quarterly-earnings. An audio replay of the call will be available at the same location for 30 days. To access the conference call by telephone, dial 1.833.461.5787 (toll-free) or 1.585.542.9983 (international/U.S. toll) and reference conference ID 737 557 641. About Raymond James Financial, Inc. Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.94 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com. Forward-Looking Statements Certain statements made in this press release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions (including changes in interest rates and inflation), demand for and pricing of our products (including cash sweep and deposit offerings), anticipated timing and benefits of our acquisitions, and our level of success integrating acquired businesses, anticipated results of litigation, regulatory developments, and general economic conditions. In addition, future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission (the "SEC") from time to time, including our most recent Annual Report on Form 10-K, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available at www.raymondjames.com and the SEC's website at www.sec.gov. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events, or otherwise.

Signature Wealth Group, an independent firm of wealth advisors registered with Raymond James Financial Services, has hired Jennifer Sharp as senior wealth advisor in its Greenville, South Carolina office. Her practice, previously affiliated with Osaic Wealth, now operates as Signature Wealth Strategies. The move gives Sharp's clients access to an in-house certified public accountant and a concierge support team, plus Raymond James research. She continues to manage client portfolios directly. Sharp began her career in 2007 and bought her father's practice in 2013, renaming it Sharp Financial Services. She moved it to Greenville in 2019 and serves clients nationwide, with a focus on women and widows. Signature Wealth manages more than $2.8 billion in assets across 16 branches in South Carolina, North Carolina, and Kentucky.

Janney Montgomery Scott is opening a Houston office, seeded by a team of financial advisors from rival Raymond James. The Edward Fitzpatrick Group, led by Sean Fitzpatrick and James "Jim" Edwards, spent about 23 years at Raymond James and managed $3.3 billion in client assets. Advisor Lance Murphy, who oversaw more than $200 million at the firm, is also joining. "Leadership is accessible, people took the time to understand our business, and that level of partnership was important to us," Fitzpatrick said. Philadelphia-based Janney has about 900 advisors and nearly $200 billion in assets. Raymond James has about 8,900 advisors and $1.92 trillion. The office extends Janney's push into Texas, which began in 2025 with a Dallas office. In August, it also added a Wells Fargo team in Chicago.