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
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Other Assets
NOTE 10| OTHER ASSETS
| September 30, | December 31, | |
|---|---|---|
| (Amounts in thousands) | 2026 | 2025 |
| Installment fee receivables | $41,934 | $39,736 |
| Fee receivables | 57,808 | 48,129 |
| Forgivable employee loans | 59,436 | 60,437 |
| Prepaid expenses | 19,435 | 27,657 |
| Other | 13,364 | 12,559 |
| Total other assets | $191,977 | $188,518 |
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 allowance for credit losses was immaterial at September 30, 2026 and December 31, 2025.
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