2022 Baird Annual Report Resilience
2022 Financial Information
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. We are privately held and employee-owned.
Net Revenues
(millions)
Operating Income
(millions)
Associates
Book Value*
(per share / including cumulative dividends)
*Represents the book value per share of Baird stock at December 31, 2022 of $27.14 plus cumulative cash dividends per share of $14.73, representing cumulative dividends per share of $8.07 prior to 2018 plus annual dividends per share of $1.50, $2.50, $1.83, and $0.83 in 2022, 2021, 2020, and 2019, respectively. All years have been restated for the three-for-one stock split effective August 24, 2021.
Return on Book Value**
(per share)
**Book value return includes the value of cash dividends paid each year
Stockholder's Equity***
(millions / including cumulative dividends)
*** Represents Stockholders’ Equity at December 31, 2022 of $1,905 million plus cumulative cash dividends of $862 million, representing cash dividends prior to 2018 of $414 million plus annual dividends of $105 million, $169 million, $119 million, and $55 million in 2022, 2021, 2020, and 2019, respectively.
Baird Financial Group: Financial Highlights
| Operating Results |
Per-Share Data |
Financial Position |
Other Data |
||||
|---|---|---|---|---|---|---|---|
| Net Revenues (millions) |
Operating Income (millions) |
Book Value (fully diluted) |
Dividend | Total Assets (millions) |
Associates | Financial Advisors |
|
| 2022 | $2,786 | $477 | $27.14 | $1.50 | $4,455 | 5,077 | 1,393 |
| 2021 | $3,412 | $609 | $23.88 | $2.50 | $4,600 | 4,703 | 1,309 |
| 2020 | $2,330 | $360 | $19.77 | $1.83 | $3,507 | 4,512 | 1,292 |
| 2019 | $2,060 | $262 | $17.74 | $0.83 | $3,343 | 4,641 | 1,298 |
| 2018 | $1,784 | $244 | $16.26 | - | $3,235 | 3,642 | 937 |
| 2017 | $1,533 | $199 | $13.26 | $0.70 | $3,114 | 3,410 | 858 |
| 2016 | $1,390 | $155 | $11.56 | $2.50 | $2,613 | 3,410 | 877 |
| 2015 | $1,286 | $154 | $12.49 | $0.67 | $2,793 | 3,312 | 872 |
| 2014 | $1,202 | $135 | $11.62 | $0.62 | $2,635 | 3,172 | 816 |
| 2013 | $1,069 | $117 | $10.59 | $0.55 | $2,259 | 2,935 | 727 |
Financial information does not reflect the consolidation of certain private equity partnerships.
Book Value: All years have been restated for the three-for-one stock split effective August 24, 2021. Cash dividends per share have a corresponding decrease in book value per share.
Related Links
For a downloadable version of the 2022 Baird Annual Report, click below.