PIPER SANDLER COMPANIES

For the period ended Sep 30, 2024. Filed Nov 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.

Sep 30, 2024 · Filed Nov 7, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Shareholders' Equity

Accumulated · Total
Common · Additional · Other · Common · Total
(Amounts in thousands,	Shares	Common	Paid-In	Retained	Treasury	Comprehensive	Shareholders'	Noncontrolling	Shareholders'
except share amounts)	Outstanding	Stock	Capital	Earnings	Stock	Income/(Loss)	Equity	Interests	Equity
Balance at December 31, 2023	15,200,149	$195	$988,136	$454,358	$(356,297)	$(894)	$1,085,498	$213,975	$1,299,473
Net income	—	—	—	42,493	—	—	42,493	7,085	49,578
Dividends	—	—	—	(35,660)	—	—	(35,660)	—	(35,660)
Amortization/issuance of restricted stock (1)	—	—	60,185	—	—	—	60,185	—	60,185
Issuance of treasury shares for restricted stock vestings	730,695	—	(61,232)	—	61,232	—	—	—	—
Repurchase of common stock from employees	(288,977)	—	—	—	(52,091)	—	(52,091)	—	(52,091)
Shares reserved/issued for director compensation	555	—	106	—	—	—	106	—	106
Other comprehensive income	—	—	—	—	—	44	44	—	44
Fund capital contributions, net	—	—	—	—	—	—	—	3,395	3,395
Balance at March 31, 2024	15,642,422	$195	$987,195	$461,191	$(347,156)	$(850)	$1,100,575	$224,455	$1,325,030
Net income/(loss)	—	—	—	34,773	—	—	34,773	(19,803)	14,970
Dividends	—	—	—	(14,787)	—	—	(14,787)	—	(14,787)
Amortization/issuance of restricted stock (1)	—	—	10,608	—	—	—	10,608	—	10,608
Issuance of treasury shares for restricted stock vestings	284,320	—	(25,260)	—	25,260	—	—	—	—
Repurchase of common stock from employees	(27,153)	—	—	—	(5,496)	—	(5,496)	—	(5,496)
Shares reserved/issued for director compensation	2,542	—	527	—	—	—	527	—	527
Other comprehensive income	—	—	—	—	—	58	58	—	58
Fund capital contributions, net	—	—	—	—	—	—	—	9,898	9,898
Balance at June 30, 2024	15,902,131	$195	$973,070	$481,177	$(327,392)	$(792)	$1,126,258	$214,550	$1,340,808
Net income	—	—	—	34,789	—	—	34,789	5,601	40,390
Dividends	—	—	—	(10,667)	—	—	(10,667)	—	(10,667)
Amortization/issuance of restricted stock (1)	—	—	9,968	—	—	—	9,968	—	9,968
Issuance of treasury shares for options exercised	8,000	—	75	—	717	—	792	—	792
Issuance of treasury shares for restricted stock vestings	18,865	—	(1,690)	—	1,690	—	—	—	—
Issuance of treasury shares for acquisitions	21,835	—	4,016	—	1,966	—	5,982	—	5,982
Repurchase of common stock from employees	(8,889)	—	—	—	(2,383)	—	(2,383)	—	(2,383)
Shares reserved/issued for director compensation	828	—	215	—	—	—	215	—	215
Other comprehensive income	—	—	—	—	—	2,354	2,354	—	2,354
Fund capital distributions, net	—	—	—	—	—	—	—	(25,377)	(25,377)
Balance at September 30, 2024	15,942,770	$195	$985,654	$505,299	$(325,402)	$1,562	$1,167,308	$194,774	$1,362,082
Continued on next page

Consolidated Statements of Changes in Shareholders' Equity - Continued

Accumulated · Total
Common · Additional · Other · Common · Total
(Amounts in thousands,	Shares	Common	Paid-In	Retained	Treasury	Comprehensive	Shareholders'	Noncontrolling	Shareholders'
except share amounts)	Outstanding	Stock	Capital	Earnings	Stock	Income/(Loss)	Equity	Interests	Equity
Balance at December 31, 2022	13,673,064	$195	$1,044,719	$453,311	$(441,653)	$(2,499)	$1,054,073	$199,955	$1,254,028
Net income	—	—	—	25,634	—	—	25,634	7,812	33,446
Dividends	—	—	—	(50,861)	—	—	(50,861)	—	(50,861)
Amortization/issuance of restricted stock (1)	—	—	67,682	—	—	—	67,682	—	67,682
Issuance of treasury shares for restricted stock vestings	1,584,696	—	(121,284)	—	121,284	—	—	—	—
Repurchase of common stock from employees	(426,031)	—	—	—	(60,831)	—	(60,831)	—	(60,831)
Shares reserved/issued for director compensation	1,398	—	192	—	—	—	192	—	192
Other comprehensive income	—	—	—	—	—	955	955	—	955
Fund capital distributions, net	—	—	—	—	—	—	—	(5,048)	(5,048)
Balance at March 31, 2023	14,833,127	$195	$991,309	$428,084	$(381,200)	$(1,544)	$1,036,844	$202,719	$1,239,563
Net income	—	—	—	3,954	—	—	3,954	10,677	14,631
Dividends	—	—	—	(13,271)	—	—	(13,271)	—	(13,271)
Amortization/issuance of restricted stock (1)	—	—	6,693	—	—	—	6,693	—	6,693
Issuance of treasury shares for restricted stock vestings	261,531	—	(21,158)	—	21,158	—	—	—	—
Repurchase of common stock from employees	(21,423)	—	—	—	(2,886)	—	(2,886)	—	(2,886)
Shares reserved/issued for director compensation	4,930	—	639	—	—	—	639	—	639
Other comprehensive income	—	—	—	—	—	779	779	—	779
Fund capital contributions, net	—	—	—	—	—	—	—	12,323	12,323
Balance at June 30, 2023	15,078,165	$195	$977,483	$418,767	$(362,928)	$(765)	$1,032,752	$225,719	$1,258,471
Net income/(loss)	—	—	—	3,878	—	—	3,878	(17,555)	(13,677)
Dividends	—	—	—	(10,076)	—	—	(10,076)	—	(10,076)
Amortization/issuance of restricted stock (1)	—	—	12,809	—	—	—	12,809	—	12,809
Issuance of treasury shares for restricted stock vestings	69,993	—	(5,685)	—	5,685	—	—	—	—
Repurchase of common stock from employees	(26,900)	—	—	—	(3,903)	—	(3,903)	—	(3,903)
Shares reserved/issued for director compensation	934	—	125	—	—	—	125	—	125
Other comprehensive loss	—	—	—	—	—	(1,209)	(1,209)	—	(1,209)
Fund capital distributions, net	—	—	—	—	—	—	—	(23,812)	(23,812)
Balance at September 30, 2023	15,122,192	$195	$984,732	$412,569	$(361,146)	$(1,974)	$1,034,376	$184,352	$1,218,728

(1)Includes amortization of restricted stock issued in conjunction with the Company's acquisitions.

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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.