PIPER SANDLER COMPANIES

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

PIPR$67.64+2.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Three Months Ended
	March 31,
(Amounts in thousands, except per share data)	2024	2023
Revenues
Investment banking	$230,523	$184,404
Institutional brokerage	91,442	96,313
Interest income	8,306	8,712
Investment income	14,168	11,115
Total revenues	344,439	300,544
Interest expense	1,383	2,639
Net revenues	343,056	297,905
Non-interest expenses
Compensation and benefits	222,446	199,394
Outside services	12,422	12,126
Occupancy and equipment	16,036	15,728
Communications	13,229	14,311
Marketing and business development	10,763	10,052
Deal-related expenses	6,387	6,014
Trade execution and clearance	4,866	4,914
Intangible asset amortization	2,361	4,904
Other operating expenses	2,124	4,653
Total non-interest expenses	290,634	272,096
Income before income tax expense/(benefit)	52,422	25,809
Income tax expense/(benefit)	2,844	(7,637)
Net income	49,578	33,446
Net income attributable to noncontrolling interests	7,085	7,812
Net income attributable to Piper Sandler Companies	$42,493	$25,634
Earnings per common share
Basic	$2.74	$1.77
Diluted	$2.43	$1.49
Dividends declared per common share	$1.60	$1.85
Weighted average number of common shares outstanding
Basic	15,499	14,507
Diluted	17,504	17,182

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.