PIPER SANDLER COMPANIES
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Other Assets
NOTE 10| OTHER ASSETS
| March 31, | December 31, | |
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Installment fee receivables | $43,775 | $43,993 |
| Fee receivables | 84,001 | 53,189 |
| Forgivable employee loans | 58,507 | 45,526 |
| Prepaid expenses | 18,439 | 26,478 |
| Income tax receivables | 13,167 | — |
| Other | 16,077 | 14,606 |
| Total other assets | $233,966 | $183,792 |
The Company's installment fee receivables and forgivable employee loans are carried at amortized cost, which approximates fair value, and would be categorized as Level II assets in the fair value hierarchy if they were carried at fair value.
The Company estimates the allowance for credit losses using relevant available information from internal and external sources relating to historical credit loss experience, current economic conditions and reasonable and supportable forecasts that could potentially affect the collectibility of the reported amounts. The allowance for credit losses was immaterial at March 31, 2025 and December 31, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.