%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 194.00 0 0 17.00 209.00 730.00 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 697.12 Td (March 23, 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.85 697.12 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 497.14 697.12 Td (TE RELEASE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.80 682.12 Td (Media Contact: Steve Hollister) Tj ET Q q 0 0 0 rg BT 492.03 682.12 Td (, 727.567.2824) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.95 667.12 Td (Investor Contact: Kristina W) Tj ET Q q 0 0 0 rg BT 469.51 667.12 Td (augh, 727.567.7654) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 349.4 652.31455078125 m 558.4830078125 652.31455078125 l s q 0 0 1 rg BT 349.40 653.60 Td (raymondjames.com/news-and-media/press-releases) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 11.00 Tf ET q 0 0 0 rg BT 103.25 612.40 Td (RA) Tj ET Q q 0 0 0 rg BT 118.13 612.40 Td (YMOND JAMES FINANCIAL) Tj ET Q q 0 0 0 rg BT 262.15 612.40 Td ( REPORTS ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 321.44 612.40 Td (FEBRUAR) Tj ET Q q 0 0 0 rg BT 374.81 612.40 Td (Y) Tj ET Q q 0 0 0 rg BT 381.95 612.40 Td ( 2020) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 409.47 612.40 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 450.83 612.40 Td (TING DA) Tj ET Q q 0 0 0 rg BT 495.23 612.40 Td (T) Tj ET Q q 0 0 0 rg BT 501.14 612.40 Td (A) Tj ET Q q 0 0 0 rg BT 508.67 612.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 588.40 Td (ST) Tj ET Q q 0 0 0 rg BT 60.00 588.40 Td (. PETERSBURG, Fla. - In an ef) Tj ET Q q 0 0 0 rg BT 184.88 588.40 Td (fort to provide timely information to investors about general trends in our major business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 577.60 Td (segments, we are releasing selected operating data for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.13 577.60 Td (February 2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.66 577.60 Td (. Due to the limited nature of this data, a consistent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 566.80 Td (correlation to earnings should not be assumed.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 545.20 Td (During these challenging times, our top priority is the health and safety of our associates and advisors as they remain steadfast ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 534.40 Td (in serving clients, said Chairman and CEO Paul Reilly) Tj ET Q q 0 0 0 rg BT 265.92 534.40 Td (. I am proud of the dedication and commitment of our associates and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 523.60 Td (advisors as we execute on our business continuity plans to continue providing service to clients. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 502.00 Td (Client assets under administration of $854.8 billion increased 9% over February 2019 and declined 5% compared to January ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 491.20 Td (2020. Financial assets under managementof $144.5billionincreased 6%over February 2019 and declined 5% compared to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 480.40 Td (January 2020. ) Tj ET Q q 0 0 0 rg BT 108.88 480.40 Td (The decrease of client assets compared to January 2020 was primarily attributable to the decline in equity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 469.60 Td (markets, which has accelerated thus far in March. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 448.00 Td (W) Tj ET Q q 0 0 0 rg BT 60.83 448.00 Td (e discontinued in-person advisor recruiting meetings and deferred numerous advisor transitions to Raymond James due to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 437.20 Td (COVID-19. W) Tj ET Q q 0 0 0 rg BT 104.34 437.20 Td (e are also experiencing disruption in our investment banking business, said Reilly) Tj ET Q q 0 0 0 rg BT 430.35 437.20 Td (. While trading volumes in fixed ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 426.40 Td (income are elevated in March, dislocation in the fixed income markets has negatively impacted principal transaction revenues.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 404.80 Td (Net loans at Raymond James Bank of $21.5 billion increased 7% over February 2019 and 1% over January 2020. As a result of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 394.00 Td (rapid and widespread economic deterioration, we expect the entire banking industry to experience substantial increases in bank ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 383.20 Td (loan loss provisions. W) Tj ET Q q 0 0 0 rg BT 141.37 383.20 Td (e will be appropriately proactive in adding to allowance for loan losses, similar to our approach during the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 372.40 Td (previous financial crisis, said Reilly) Tj ET Q q 0 0 0 rg BT 190.38 372.40 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 350.80 Td (Clients) Tj ET Q q 0 0 0 rg BT 78.68 350.80 Td ( domestic cash sweep balances of $38.9 billion increased 2% over January 2020. Due to the surge in market volatility ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 340.00 Td (since the beginning of March, cash sweep balances have increased significantly to over $48 billion as of March 20. Spreads ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 329.20 Td (earned on these cash balances have been negatively impacted by the two recent emergency rate cuts by the Federal Reserve. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 307.60 Td (The firm repurchased approximately 2.5 million shares for approximately $202 million from the beginning of the quarter through ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 296.80 Td (March 1) Tj ET Q q 0 0 0 rg BT 81.34 296.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 90.85 296.80 Td (As of March 20, 2020, $537 million remained available under the Board) Tj ET Q q 0 0 0 rg BT 376.36 296.80 Td (s previously-disclosed repurchase ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 286.00 Td (authorization. W) Tj ET Q q 0 0 0 rg BT 117.36 286.00 Td (e temporarily suspended share buybacks as we assess capital needs and market liquidity) Tj ET Q q 0 0 0 rg BT 472.89 286.00 Td (, said Reilly) Tj ET Q q 0 0 0 rg BT 521.23 286.00 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 264.40 Td (As we collectively navigate these challenges, our long-term focus and conservative approach to capital and liquidity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 253.60 Td (management should be a source of strength during these uncertain times, said Reilly) Tj ET Q q 0 0 0 rg BT 389.52 253.60 Td (. As of March 20, we had approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 242.80 Td ($1.4 billion of cash at the parent. If market conditions continue to deteriorate, we also have an undrawn $500 million revolving ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 232.00 Td (credit facility) Tj ET Q q 0 0 0 rg BT 98.35 232.00 Td (, which we could access to provide additional flexibility) Tj ET Q q 0 0 0 rg BT 313.79 232.00 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 213.05 Td (About Raymond James Financial, Inc.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 193.85 Td (Raymond James Financial, Inc. \(NYSE: RJF\) is a leading diversified financial services company providing private client group, capital markets, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (asset management, banking and other services to individuals, corporations and municipalities. ) Tj ET Q q 0 0 0 rg BT 384.65 184.25 Td (The company has approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.49 184.25 Td (8,100) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.51 184.25 Td ( financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 174.65 Td (advisors. ) Tj ET Q q 0 0 0 rg BT 83.59 174.65 Td (T) Tj ET Q q 0 0 0 rg BT 87.59 174.65 Td (otal client assets are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.74 174.65 Td ($855 billion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.21 174.65 Td (. 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