PIPER SANDLER COMPANIES

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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FY2025 · Filed Feb 26, 2026

PIPR$67.64+2.6%Stored close · as of Nov 9, 2026

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Contents

Supplementary Data

Supplementary Data — Quarterly Information (Unaudited)

	2025 Fiscal Quarter
(Amounts in thousands, except per share data)	First	Second	Third	Fourth
Total revenues	$358,554	$398,577	$480,094	$666,992
Interest expense	1,282	1,799	818	942
Net revenues	357,272	396,778	479,276	666,050
Total non-interest expenses	327,839	347,854	371,849	477,287
Income before income tax expense/(benefit)	29,433	48,924	107,427	188,763
Income tax expense/(benefit)	(7,335)	17,169	24,949	45,799
Net income	36,768	31,755	82,478	142,964
Net income/(loss) attributable to noncontrolling interests	(28,147)	(10,427)	22,212	28,996
Net income attributable to Piper Sandler Companies	$64,915	$42,182	$60,266	$113,968
Earnings per common share
Basic	$3.96	$2.53	$3.61	$6.77
Diluted	$3.65	$2.38	$3.38	$6.40
Dividends declared per common share	$3.65	$0.65	$0.70	$0.70
Weighted average number of common shares outstanding
Basic	16,378	16,703	16,716	16,829
Diluted	17,788	17,726	17,808	17,813

	2024 Fiscal Quarter
(Amounts in thousands, except per share data)	First	Second	Third	Fourth
Total revenues	$344,439	$340,844	$360,928	$485,384
Interest expense	1,383	1,665	1,356	1,277
Net revenues	343,056	339,179	359,572	484,107
Total non-interest expenses	290,634	310,933	303,957	401,978
Income before income tax expense	52,422	28,246	55,615	82,129
Income tax expense	2,844	13,276	15,225	29,627
Net income	49,578	14,970	40,390	52,502
Net income/(loss) attributable to noncontrolling interests	7,085	(19,803)	5,601	(16,557)
Net income attributable to Piper Sandler Companies	$42,493	$34,773	$34,789	$69,059
Earnings per common share
Basic	$2.74	$2.19	$2.19	$4.30
Diluted	$2.43	$1.97	$1.96	$3.86
Dividends declared per common share	$1.60	$0.60	$0.65	$0.65
Weighted average number of common shares outstanding
Basic	15,499	15,879	15,921	16,052
Diluted	17,504	17,633	17,769	17,870

ContentsView on SEC.gov

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