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Raymond James Financial 8-K Report, Regulation FD Disclosure (May 27, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed May 27, 2026
Period End
May 27, 2026
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 · Jun ’16Jun ’16
  2. Leadership change8-K · Mar ’19Mar ’19
  3. Material agreement8-K · Apr ’21Apr ’21
  4. Leadership change8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed May 27, 2026. Cited figures are marked; the original filing is the authoritative source.

Raymond James Financial, Inc. (RJF) furnished under Item 7.01 of a Form 8-K filed May 27, 2026, the slides for its annual Analyst & Investor Day held that day, which ran from 1:00 p.m. to approximately 4:45 p.m.

ET. The presentation covers the firm's strategy across its Private Client Group, Asset Management, Capital Markets, Bank and Technology businesses, along with a financial review. The filing states that the information is furnished and not deemed filed under Section 18 of the Securities Exchange Act of 1934.

Management highlighted scale and growth in wealth management. The Private Client Group reported $1.7 trilliona in client assets under administration, 9,076 advisors, and $54 billion of domestic net new assets for the first six months of fiscal 2026. Consolidated net revenues were $14.07 billion for fiscal 2025, versus $7.59 billion for the first half of fiscal 2026 compared with $6.94 billion in the prior-year period.

Fiscal 2025 pre-tax income was $2.71 billionb, and the firm reported net income available to common shareholders of $1.10 billion for the six months ended March 31, 2026. Advisor recruiting produced $407 million of trailing-twelve-month production in fiscal 2025, which the filing describes as up 21% year over year. The presentation also set out financial targets and balance sheet metrics.

Management's targets are an adjusted compensation ratio of about 65%, an 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, all measured on net revenues and presented as non-GAAP measures. As of March 31, 2026, the filing reports a total capital ratio of 24.0%, $3.0 billionc of corporate cash, $55 billion of bank loans outstanding, and credit ratings of A3 (Moody's), A- (S&P) and A- (Fitch), each with a stable outlook.

02—Key points

Key Highlights

  1. Private Client Group: $1.7 trillion in client assets under administration, 9,076 advisors, and $54 billion of domestic net new assets for the first six months of fiscal 2026.
  2. Financial results: consolidated net revenues of $14.07 billion for fiscal 2025 and $7.59 billion for the first six months of fiscal 2026, up from $6.94 billion a year earlier.
  3. Financial targets: adjusted compensation ratio of about 65%, adjusted pre-tax margin of about 20%, adjusted return on common equity of 17%+, and adjusted return on tangible common equity of 20%+.
  4. Asset Management: financial assets under management of $282 billion as of March 31, 2026, following the acquisition of Clark Capital on April 30, 2026.
  5. Bank segment: $55 billion of total loans, 62% of which are private banking loans, a 2.81% net interest margin, and a total capital ratio of 24.0% at the firm level.
  6. Capital returns: $4.1 billion of cumulative share repurchases and $2.1 billion of dividends paid from fiscal 2020 through the first half of fiscal 2026; common dividends per share were $2.00 in fiscal 2025.
  7. Technology: estimated fiscal 2026 technology spend of $1.1 billion, with more than 70% directed to wealth management businesses, and a stated 92% advisor satisfaction with technology.

03—Questions

Frequently Asked Questions

  1. What was the purpose of this 8-K filing?

    The company filed under Item 7.01 (Regulation FD Disclosure) to furnish the slides for its annual Analyst & Investor Day held on May 27, 2026. The slides are attached as Exhibit 99.1, and the filing states that the information is furnished and not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

  2. How large is the Private Client Group?

    As of March 31, 2026, the Private Client Group had $1.7 trillion in client assets under administration and 9,076 advisors. Fee-based accounts represented 61% of Private Client Group client assets, and the group generated domestic net new assets of $54 billion for the first six months of fiscal 2026.

  3. What financial targets did management present?

    Management presented 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, all on net revenues. The presentation states that these are non-GAAP targets and key assumptions include current equity markets and short-term interest rates, a full-year effective tax rate of 25%, and consistent share repurchases.

  4. What do the balance sheet and credit metrics show?

    As of March 31, 2026, the firm reported total assets of $91.9 billion, total common equity attributable to RJF of $12.6 billion, a total capital ratio of 24.0%, corporate cash of $3.0 billion, and a tier 1 leverage ratio of 12.4%. Credit ratings were A3 from Moody's, A- from S&P, and A- from Fitch, each with a stable outlook.

04—Continue

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