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Raymond James Financial Annual Report, Year Ended Sep 29, 1995

Filing Date
Filed December 29, 1995
Period End
September 29, 1995
Security
RJF
In the record · 2016–202610-K1010-Q338-K266

RJF filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 266 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’17May ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. FY2025 annual report10-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 10-K filed December 29, 1995. Cited figures are marked; the original filing is the authoritative source.

Raymond James Financial, Inc. (RJF), a Florida-based holding company, reported fiscal 1995 (year ended September 29, 1995) total revenues of $554.07 milliona, up from $507.14 million in fiscal 1994, and net income of $46.14 million, or $2.23 per share, compared with $42.07 million, or $1.97 per share, a year earlier.

The filing describes fiscal 1995 as the company's eleventh consecutive year of record revenues and its second-highest net income in company history, trailing only fiscal 1993. Securities commissions ($327.55 millionb) and interest income ($97.21 million) were the largest revenue sources, while investment banking revenue fell to $43.00 million from $60.22 million, reflecting 24 managed or co-managed underwritings for $1.4 billion versus 35 deals for $2.2 billion in 1994. Total assets grew to $2.01 billion from $1.70 billion, and shareholders' equity rose to $266.19 million from $227.45 million.

Total client assets under management were $9.82 billionc at year-end, including $4.81 billion transferred to Liberty Investment Management, Inc. on January 1, 1995, under an arrangement in which the company receives 50% of management fees on those accounts through December 31, 1999. The company also disclosed that its mortgage securitization subsidiary, Raymond James Mortgage Capital, Inc., will be sold during fiscal 1996 following economic losses and the loss of its president. Management stated that pending litigation is not expected to have a material adverse effect on the company's financial position or results of operations.

02—Key points

Key Highlights

  1. Total revenues rose to $554.07 million in fiscal 1995 from $507.14 million in fiscal 1994, the eleventh consecutive year of record revenues.
  2. Net income was $46.14 million, or $2.23 per primary share, versus $42.07 million, or $1.97 per share, in fiscal 1994; the filing calls it the second-highest in company history after fiscal 1993.
  3. Interest revenue increased to $97.21 million from $58.54 million, while investment banking revenue declined to $43.00 million from $60.22 million.
  4. Total financial assets under management reached $9.82 billion, including $4.81 billion transferred to Liberty Investment Management, Inc. effective January 1, 1995.
  5. Total assets grew to $2.01 billion and shareholders' equity increased to $266.19 million at September 29, 1995.
  6. Raymond James Mortgage Capital, Inc. and related mortgage subsidiaries will be sold during fiscal 1996 after economic losses and the loss of its president.
  7. Raymond James Bank, FSB held $128 million in assets at September 29, 1995, and its total risk-based capital ratio was 113.9%.

03—Questions

Frequently Asked Questions

  1. How did Raymond James Financial perform in fiscal 1995?

    Revenues were $554.07 million, up from $507.14 million, and net income was $46.14 million, or $2.23 per primary share, up from $42.07 million, or $1.97 per share. The filing describes fiscal 1995 as the eleventh consecutive year of record revenues.

  2. What drove revenue growth in fiscal 1995?

    Interest revenue rose to $97.21 million from $58.54 million, and securities commissions rose to $327.55 million from $303.19 million. Investment banking revenue fell to $43.00 million from $60.22 million, and investment advisory fees declined to $42.92 million from $51.15 million, reflected in the transfer of $4.3 billion in accounts to Liberty Investment Management on January 1, 1995.

  3. What is the status of the mortgage securitization business?

    The filing states that Raymond James Mortgage Capital, Inc. and related subsidiaries, formed in 1994, will be sold during fiscal 1996 because of economic losses and the loss of the subsidiary's president. The company also terminated its mortgage securitization efforts after year-end and will terminate the related $50 million warehousing line of credit.

  4. What legal risks does the company disclose?

    The company is a defendant or co-defendant in various lawsuits incidental to its securities business and is contesting the allegations. Management, based on discussions with counsel, believes the outcome will not have a material adverse effect on the company's financial position or results of operations.

  5. How is the company's stock traded and what dividend did it pay?

    The common stock trades on the New York Stock Exchange under the symbol RJF. The dividend rate in fiscal 1995 was $.09 per quarter, totaling $.36 per share in cash dividends declared, and the stock's fourth-quarter fiscal 1995 high was $22-5/8.

04—Continue

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