PIPER SANDLER COMPANIES
For the period ended Sep 30, 2026. Filed Nov 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.
Sep 30, 2026 · Filed Nov 5, 2026
PIPR$67.64+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
Consolidated Statements of Operations (Unaudited)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (Amounts in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenues | ||||
| Investment banking | $331,680 | $329,346 | $1,041,397 | $886,604 |
| Institutional brokerage | 114,276 | 110,732 | 336,653 | 327,121 |
| Interest income | 11,241 | 9,374 | 31,991 | 27,284 |
| Investment income/(loss) | (13,545) | 30,642 | 5,010 | (3,784) |
| Total revenues | 443,652 | 480,094 | 1,415,051 | 1,237,225 |
| Interest expense | 605 | 818 | 2,080 | 3,899 |
| Net revenues | 443,047 | 479,276 | 1,412,971 | 1,233,326 |
| Non-interest expenses | ||||
| Compensation and benefits | 286,637 | 288,901 | 891,403 | 795,574 |
| Occupancy and equipment | 22,426 | 19,448 | 60,103 | 55,117 |
| Outside services | 17,445 | 14,626 | 47,938 | 51,017 |
| Communications | 15,564 | 14,852 | 46,359 | 45,237 |
| Marketing and business development | 14,855 | 12,385 | 45,889 | 41,127 |
| Trade execution and clearance | 6,179 | 4,775 | 16,630 | 14,650 |
| Restructuring and integration costs | — | 1,044 | — | 6,042 |
| Intangible asset amortization | 2,057 | 2,147 | 6,172 | 6,370 |
| Other operating expenses | 11,251 | 13,671 | 43,478 | 32,408 |
| Total non-interest expenses | 376,414 | 371,849 | 1,157,972 | 1,047,542 |
| Income before income tax expense | 66,633 | 107,427 | 254,999 | 185,784 |
| Income tax expense | 26,475 | 24,949 | 76,432 | 34,783 |
| Net income | 40,158 | 82,478 | 178,567 | 151,001 |
| Net income/(loss) attributable to noncontrolling interests | (15,257) | 22,212 | (9,935) | (16,362) |
| Net income attributable to Piper Sandler Companies | $55,415 | $60,266 | $188,502 | $167,363 |
| Earnings per common share (1) | ||||
| Basic | $0.82 | $0.90 | $2.79 | $2.52 |
| Diluted | $0.78 | $0.85 | $2.65 | $2.35 |
| Dividends declared per common share (1) | $0.20 | $0.18 | $1.83 | $1.25 |
| Weighted average number of common shares outstanding (1) | ||||
| Basic | 67,257 | 66,862 | 67,596 | 66,401 |
| Diluted | 70,667 | 71,232 | 71,045 | 71,100 |
(1)Common shares and per common share information have been adjusted to reflect the four-for-one forward split of common stock, as discussed in Note 1.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.