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Midas Edge

PIPER SANDLER COMPANIES

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

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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.

Jun 30, 2024 · Filed Aug 6, 2024

PIPR$65.92-1.8%Stored close · as of Nov 6, 2026

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Contents

Earnings Per Share

NOTE 17| EARNINGS PER SHARE ("EPS")

Basic earnings per common share is computed by dividing net income attributable to Piper Sandler Companies by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by adjusting the weighted average outstanding shares to assume conversion of all potentially dilutive stock options, restricted stock units and restricted shares. The Company uses the treasury stock method to calculate diluted earnings per common share.

The computation of EPS is as follows:

Three Months Ended · Six Months Ended
June 30,June 30,
(Amounts in thousands, except per share data)2024202320242023
Net income attributable to Piper Sandler Companies$34,773$3,954$77,266$29,588
Shares for basic and diluted calculations
Average shares used in basic computation15,87915,06615,68914,788
Stock options42204023
Restricted stock units195140176149
Restricted shares1,5171,8571,6642,175
Average shares used in diluted computation17,63317,08417,56917,134
Earnings per common share
Basic$2.19$0.26$4.92$2.00
Diluted$1.97$0.23$4.40$1.73

The anti-dilutive effects from stock options and restricted shares were immaterial for the three and six months ended June 30, 2024 and 2023.

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