PIPER SANDLER COMPANIES

For the period ended Mar 31, 2025. Filed May 8, 2025.

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, 2025 · Filed May 8, 2025

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)	2025	2024
Revenues
Investment banking	$278,932	$230,523
Institutional brokerage	99,256	91,442
Interest income	9,963	8,306
Investment income/(loss)	(29,597)	14,168
Total revenues	358,554	344,439
Interest expense	1,282	1,383
Net revenues	357,272	343,056
Non-interest expenses
Compensation and benefits	248,457	222,446
Outside services	14,718	12,422
Occupancy and equipment	18,227	16,036
Communications	14,779	13,229
Marketing and business development	13,474	10,763
Deal-related expenses	5,462	6,387
Trade execution and clearance	5,174	4,866
Intangible asset amortization	2,076	2,361
Other operating expenses	5,472	2,124
Total non-interest expenses	327,839	290,634
Income before income tax expense/(benefit)	29,433	52,422
Income tax expense/(benefit)	(7,335)	2,844
Net income	36,768	49,578
Net income/(loss) attributable to noncontrolling interests	(28,147)	7,085
Net income attributable to Piper Sandler Companies	$64,915	$42,493
Earnings per common share
Basic	$3.96	$2.74
Diluted	$3.65	$2.43
Dividends declared per common share	$3.65	$1.60
Weighted average number of common shares outstanding
Basic	16,378	15,499
Diluted	17,788	17,504

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.