PIPER SANDLER COMPANIES
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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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.
Jun 30, 2026 · Filed Aug 5, 2026
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Non-Interest Expenses
Non-interest expenses on a U.S. GAAP basis were $781.6 million for the six months ended June 30, 2026, compared to $675.7 million in the prior-year period. For the six months ended June 30, 2026, adjusted non-interest expenses were $759.7 million, compared with $646.8 million for the six months ended June 30, 2025. The variance explanations for non-interest expenses and adjusted non-interest expenses are consistent on both a U.S. GAAP and non-GAAP basis unless stated otherwise. See "Explanation and Reconciliation of Non-GAAP Financial Measures" for a detailed explanation of the adjustments made to the corresponding U.S. GAAP measures and a reconciliation of U.S. GAAP to adjusted, non-GAAP financial information.
Other Operating Expenses
For the six months ended June 30, 2026, other operating expenses were $32.2 million, compared with $18.7 million in the corresponding period of 2025. Other operating expenses for the first half of 2026 included $8.5 million in litigation-related expenses as well as higher underwriting costs associated with increased corporate financing deal activity.
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