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Raymond James Financial Inc (RJF) SEC Filing 10-Q Quarterly Report for the period ending Friday, December 31, 2021

SEC Filings

Raymond James Financial Inc

CIK: 720005 Ticker: RJF

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January 26, 2022
FOR IMMEDIATE RELEASE
Media Contact: Steve Hollister, 727.567.2824
Investor Contact: Kristina Waugh, 727.567.7654
raymondjames.com/news-and-media/press-releases




RAYMOND JAMES FINANCIAL REPORTS FIRST QUARTER
OF FISCAL 2022 RESULTS

Domestic Private Client Group net new asset(1) growth of 11% over the prior 12 months and 14% annualized for the fiscal first quarter
Record quarterly net revenues of $2.78 billion, up 25% over the prior year’s fiscal first quarter and 3% over the preceding quarter
Record quarterly net income of $446 million, or $2.10 per diluted share, and quarterly adjusted net income of $451 million(2), or $2.12 per diluted share(2)
Records for client assets under administration of $1.26 trillion, financial assets under management of $203.2 billion, clients’ domestic cash sweep balances of $73.5 billion, and net loans at Raymond James Bank of $26.1 billion
Record quarterly investment banking revenues of $425 million, driven by record merger & acquisition and advisory (M&A) and record equity underwriting results
Annualized return on equity for the quarter of 21.2% and annualized adjusted return on tangible common equity for the quarter of 23.7%(2)

ST. PETERSBURG, Fla – Raymond James Financial, Inc. (NYSE: RJF) today reported net revenues of $2.78 billion and net income of $446 million, or $2.10 per diluted share, for the fiscal first quarter ended December 31, 2021. Excluding $6 million of acquisition-related expenses, quarterly adjusted net income was $451 million(2), or $2.12 per diluted share(2).

“Fiscal 2022 started off strong with record results this quarter, including net income growth of 43% over the fiscal first quarter of 2021, driven by record asset management and related administrative fees and record investment banking revenues,” said Chairman and CEO Paul Reilly. “Furthermore, we are well positioned entering the fiscal second quarter, with record client assets under administration of $1.26 trillion, record financial assets under management of $203.2 billion, record net loans at Raymond James Bank of $26.1 billion, and strong activity levels for both financial advisor recruiting and investment banking. We also ended the quarter with record clients’ domestic cash sweep balances which should bode well with the anticipated rise in short-term interest rates.”


Please refer to the footnotes at the end of this press release for additional information.
1

The following information was filed by Raymond James Financial Inc (RJF) on Wednesday, January 26, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Raymond James Financial Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Shareholder's Equity (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Changes In Shareholders' Equity (Unaudited)
Condensed Consolidated Statements Of Financial Condition (Unaudited)
Condensed Consolidated Statements Of Financial Condition (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Income And Comprehensive Income (Unaudited)
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income/(Loss) (Tables)
Accumulated Other Comprehensive Income/(Loss), Schedule Of Accumulated Other Comprehensive (Loss) Income (Details)
Acquisitions
Acquisitions (Tables)
Acquisitions, Acquisition-Related Expenses (Details)
Acquisitions, Narrative (Details)
Available-For-Sale Securities
Available-For-Sale Securities (Tables)
Available-For-Sale Securities, Amortized Cost And Fair Values Of Afs Securities (Details)
Available-For-Sale Securities, Contractual Maturities (Details)
Available-For-Sale Securities, Gross Unrealized Losses And Fair Value And Significant Assumptions (Details)
Available-For-Sale Securities, Narrative (Details)
Bank Deposits
Bank Deposits (Tables)
Bank Deposits, Schedule Maturities Of Certificates Of Deposit (Details)
Bank Deposits, Summary Of Bank Deposits (Details)
Bank Deposits, Summary Of Interest Expense On Deposits (Details)
Bank Loans, Net
Bank Loans, Net (Tables)
Bank Loans, Net, Analysis Of Payment Status Of Loans Held For Investment (Details)
Bank Loans, Net, Changes In The Allowance For Loan Losses (Details)
Bank Loans, Net, Collateral-Dependent Loans (Details)
Bank Loans, Net, Credit Quality Of Held For Investment Loan Portfolio (Details)
Bank Loans, Net, Held For Investment Residential Mortgage Loan Portfolio By Fico Score And By Ltv Ratio (Details)
Bank Loans, Net, Held For Sale And Held For Investment (Details)
Bank Loans, Net, Originations, Purchases, And Sales (Details)
Collateralized Agreements And Financings
Collateralized Agreements And Financings (Tables)
Collateralized Agreements And Financings, Collateral (Details)
Collateralized Agreements And Financings, Encumbered Assets (Details)
Collateralized Agreements And Financings, Repurchase Agreements, Repurchase-To-Maturity Transactions And Securities Loaned Accounted For As Secured Borrowings (Details)
Collateralized Agreements And Financings, Schedule Of Offsetting Transactions (Details)
Commitments, Contingencies And Guarantees
Commitments, Contingencies And Guarantees Commitments, Contingencies And Guarantees (Tables)
Commitments, Contingencies And Guarantees, Commitments And Contingencies (Details)
Commitments, Contingencies And Guarantees, Guarantees 1 (Details)
Commitments, Contingencies And Guarantees, Guarantees 2 (Details)
Commitments, Contingencies And Guarantees, Legal And Regulatory Matters Contingencies (Details)
Commitments, Contingencies And Guarantees, Summary Of Commitments To Extend Credit And Other Credit-Related Off-Balance Sheet Financial Instruments Outstanding (Details)
Derivative Assets And Derivative Liabilities
Derivative Assets And Derivative Liabilities (Details)
Derivative Assets And Derivative Liabilities (Tables)
Derivative Assets And Derivative Liabilities, Derivative Assets And Liability Fair Value (Details)
Derivative Assets And Derivative Liabilities, Derivative Gain (Loss) Recognized In Aoci (Details)
Derivative Assets And Derivative Liabilities, Income Statement Location (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value
Fair Value (Tables)
Fair Value, Carrying Amounts And Estimated Fair Value Of Financial Instruments Not Carried At Fair Value (Details)
Fair Value, Financial Instruments Measured At Fair Value On A Nonrecurring Basis (Details)
Fair Value, Investments In Private Equity Measured At Net Asset Value Per Share (Details)
Fair Value, Level 3 Financial Assets And Liabilities, Roll Forward (Details)
Fair Value, Recurring Fair Value Measurements (Details)
Fair Value, Significant Assumptions Used In Valuation Of Level 3 Financial Instruments (Details)
Income Taxes
Income Taxes (Details)
Interest Income And Interest Expense
Interest Income And Interest Expense (Details)
Interest Income And Interest Expense (Tables)
Leases
Leases (Tables)
Leases - Lease Cost (Details)
Leases - Narrative (Details)
Leases - Operating Lease Assets And Liabilities (Details)
Loans To Financial Advisors, Net
Loans To Financial Advisors, Net (Tables)
Loans To Financial Advisors, Net, Balance Of Loans To Financial Advisors (Details)
Organization And Basis Of Presentation
Organization And Basis Of Presentation (Details)
Other Assets
Other Assets (Details)
Other Assets (Tables)
Regulatory Capital Requirements
Regulatory Capital Requirements (Details)
Regulatory Capital Requirements (Tables)
Revenues
Revenues (Tables)
Revenues, Disaggregation Of Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information, Classified By Major Geographic Areas (Details)
Segment Information, Information Concerning Operations (Details)
Share-Based Compensation
Share-Based Compensation, Share-Based Compensation Plans (Details)
Update Of Significant Accounting Policies
Update Of Significant Accounting Policies (Policies)
Variable Interest Entities
Variable Interest Entities (Tables)
Variable Interest Entities, Not The Primary Beneficiary - Aggregate Assets, Liabilities Exposure To Loss (Details)
Variable Interest Entities, Primary Beneficiary - Aggregate Assets And Liabilities (Details)
Variable Interest Entities, Primary Beneficiary - Carrying Value Of Assets, Liabilities And Equity (Details)

Material Contracts, Statements, Certifications & more

Raymond James Financial Inc provided additional information to their SEC Filing as exhibits

Ticker: RJF
CIK: 720005
Form Type: 10-Q Quarterly Report
Accession Number: 0000720005-22-000010
Submitted to the SEC: Tue Feb 08 2022 1:44:59 PM EST
Accepted by the SEC: Tue Feb 08 2022
Period: Friday, December 31, 2021
Industry: Security Brokers Dealers And Flotation Companies

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