India, July 30 -- Stifel Financial Corp. (SF), on Wednesday, reported a decline in second quarter net income, despite an increase in revenue compared to the same quarter last year. The company said non-interest expenses such as compensation and benefits, as well as non-compensation operating expenses were higher than the prior year. Provision for credit losses zoomed for the period. Net income declined to $145.7 million, from $156.0 million a year earlier.
Earnings per share were $1.34, down from $1.41 last year.
Net revenue surged to $1.28 billion from $1.22 billion in the same quarter last year.
Analysts had expected quarterly earnings of $1.61 per share, excluding special items.
Interest income fell to $477.1 million from $498.2 mill...