PIPER SANDLER COMPANIES
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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Jun 30, 2025 · Filed Aug 6, 2025
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Other Assets
NOTE 10| OTHER ASSETS
| June 30, | December 31, | |
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Installment fee receivables | $43,827 | $43,993 |
| Fee receivables | 49,181 | 53,189 |
| Forgivable employee loans | 56,534 | 45,526 |
| Prepaid expenses | 17,163 | 26,478 |
| Income tax receivables | 25,812 | — |
| Other | 20,242 | 14,606 |
| Total other assets | $212,759 | $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 June 30, 2025 and December 31, 2024.
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