Baird Financial Group: Financial Highlights

Baird Financial Group is the ultimate parent company of all of Baird's global operations. Our primary businesses are wealth management, capital markets, asset management and private equity. Baird is fully independent and employee-owned.

Net revenues
(millions)
  • 12
     
    $961
  • 11
     
    $925
  • 10
     
    $847
  • 09
     
    $718
  • 08
     
    $680
Operating Income
(millions)
  • 12
     
    $100
  • 11
     
    $86
  • 10
     
    $84
  • 09
     
    $62
  • 08
     
    $71
Associates
list
  • 12
     
    2,787
  • 11
     
    2,752
  • 10
     
    2,629
  • 09
     
    2,458
  • 08
     
    2,407
Book Value*
(per share)
  • 12
    $28.98 $9.10
    $38.08
  • 11
    $27.19 $7.50
    $34.69
  • 10
     
    $31.51
  • 09
     
    $28.60
  • 08
     
    $26.89

* The 2012 value of Baird stock includes the book value of $28.98 per share on December 31, 2012, and cumulative cash dividends: the $1.60 per share cash dividend paid on December 12, 2012, and the $7.50 per share cash dividend paid on December 22, 2011. The 2011 value includes the book value on December 31, 2011, and the 2011 cash dividend.

Total Capital**
(millions)
  • 12
     
    $703
  • 11
     
    $716
  • 10
     
    $741
  • 09
     
    $703
  • 08
     
    $699

** The declines in total capital during 2011 and 2012 were primarily related to the payment of dividends, repurchase of shares and reduction of long-term debt.

Financial Infomation

Operating Results Per Share Data Financial
Position
Capital Other Data
  Net
Revenues
(millions)
Operating
Income
(millions)
Book Value
(fully diluted)
Cash
Dividend
Total Assets
(millions)
Total Capital
(millions)
Associates Financial
Advisors
2012 $961 $100 $29.98 $1.60 $2,340 $703 2,787 698
2011 $925 $86 $27.19 $7.50 $2,264 $716 2,752 694
2010 $847 $84 $31.51 $2,414 $741 2,629 680
2009 $718 $62 $28.60 $2,159 $703 2,458 660
2008 $680 $71 $26.89 $1,140 $699 2,407 600
2007 $729 $105 $24.84 $1,752 $614 2,282 592
2006 $624 $94 $21.17 $1,681 $556 2,191 591
2005 $588 $80 $18.44 $1,311 $554 2,234 600
2004 $566 $75 $16.10 $1,332 $475 2,309 632
2003 $502 $52 $14.09 $1,130 $483 2,324 664
2012
Operating Results
Net Revenues (millions)$961
Operating Income (millions)$100
Per Share Data
Book Value (fully diluted)$29.98
Cash Dividend$1.60
Financial Position
Total Assets (millions)$2,340
Capital
Total Capital (millions)$703
Other Data
Associates2,787
Financial Advisors698
2011
Operating Results
Net Revenues (millions)$925
Operating Income (millions)$86
Per Share Data
Book Value (fully diluted)$27.19
Cash Dividend$7.50
Financial Position
Total Assets (millions)$2,264
Capital
Total Capital (millions)$716
Other Data
Associates2,752
Financial Advisors694
2010
Operating Results
Net Revenues (millions)$847
Operating Income (millions)$84
Per Share Data
Book Value (fully diluted)$31.51
Cash Dividend
Financial Position
Total Assets (millions)$2,414
Capital
Total Capital (millions)$741
Other Data
Associates2,629
Financial Advisors680
2009
Operating Results
Net Revenues (millions)$718
Operating Income (millions)$62
Per Share Data
Book Value (fully diluted)$28.60
Cash Dividend
Financial Position
Total Assets (millions)$2,159
Capital
Total Capital (millions)$703
Other Data
Associates2,458
Financial Advisors660
2008
Operating Results
Net Revenues (millions)$680
Operating Income (millions)$71
Per Share Data
Book Value (fully diluted)$26.89
Cash Dividend
Financial Position
Total Assets (millions)$1,140
Capital
Total Capital (millions)$699
Other Data
Associates2,407
Financial Advisors600
2007
Operating Results
Net Revenues (millions)$729
Operating Income (millions)$105
Per Share Data
Book Value (fully diluted)$24.84
Cash Dividend
Financial Position
Total Assets (millions)$1,752
Capital
Total Capital (millions)$614
Other Data
Associates2,282
Financial Advisors592
2006
Operating Results
Net Revenues (millions)$624
Operating Income (millions)$94
Per Share Data
Book Value (fully diluted)$21.17
Cash Dividend
Financial Position
Total Assets (millions)$1,681
Capital
Total Capital (millions)$556
Other Data
Associates2,191
Financial Advisors591
2005
Operating Results
Net Revenues (millions)$588
Operating Income (millions)$80
Per Share Data
Book Value (fully diluted)$18.44
Cash Dividend
Financial Position
Total Assets (millions)$1,311
Capital
Total Capital (millions)$554
Other Data
Associates2,234
Financial Advisors600
2004
Operating Results
Net Revenues (millions)$566
Operating Income (millions)$75
Per Share Data
Book Value (fully diluted)$16.10
Cash Dividend
Financial Position
Total Assets (millions)$1,332
Capital
Total Capital (millions)$475
Other Data
Associates2,309
Financial Advisors632
2003
Operating Results
Net Revenues (millions)$502
Operating Income (millions)$52
Per Share Data
Book Value (fully diluted)$14.09
Cash Dividend
Financial Position
Total Assets (millions)$1,130
Capital
Total Capital (millions)$483
Other Data
Associates2,324
Financial Advisors664

Financial information does not reflect the consolidation of certain private equity partnerships.

Net Revenues: Net revenues have been restated for comparability as the result of two transactions: the 2005 sale of our U.K. equity capital markets business that focused on small-cap companies, affecting 2003-2005 revenues; and the completion of a correspondent clearing services contract with Northwestern Mutual Investment Services in 2006, affecting 2003-2006 revenues.

Book Value: Baird paid cash dividends of $1.60 per share on December 12, 2012, and $7.50 per share on December 22, 2011, which resulted in corresponding decreases in book value. In addition, per share amounts have been restated to give effect for a two-for-one stock split, effective February 19, 2008.

Total Capital: Total Capital includes stockholders' equity, consolidated subordinated debt and other consolidated debt having a maturity of at least one year. The regulatory net capital of RWB, the principal operating subsidiary of Baird Financial Group, was $179.4 million at the end of 2012, which is 45 times the required amount, and RWB's regulatory excess net capital was $175.4 million at the end of 2012.