Oppenheimer Q4 net income drops 64% YoY to $22.4M; full year EPS $2.77 vs $12.57

OPPENHEIMER HOLDINGS INC

2022-FY EPS reported $2.57 revenue$1,110,941,000

Net income $22.4M ($2.04 basic EPS) in Q4, down from $62.9M ($4.99) a year ago; revenue fell 14% to $313.6M.
Full year net income $32.4M ($2.77 EPS) vs $159M ($12.57); revenue $1.1B, down 20% YoY.
Capital Markets segment posted Q4 pre-tax loss of $11.3M vs $96.8M profit in prior year, hit by M&A slowdown.
Private Client revenue rose 16% to $201.7M on record bank deposit sweep income of $49.6M.
Repurchased 1.68M shares at avg $36.00 during year; declared $0.15 quarterly dividend.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPPENHEIMER HOLDINGS INC reported the year ended December 31, 2022 results: revenue $1.1 billion, net income $32.4 million, EPS $2.77 basic earnings per share.

Period: the year ended December 31, 2022
Revenue: $1.1 billion
Net income: $32.4 million
EPS: $2.77 basic earnings per share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the Company reported net income of $32.4 million or $2.77 basic earnings per share compared with net income of $159.0 million or $12.57 basic earnings per share for the year ended December 31, 2021. Revenue for the year ended December 31, 2022 was $1.1 billion compared to revenue of $1.4 billion for the year ended December 31, 2021, a decrease of 20.3%.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPPENHEIMER HOLDINGS INC reported the fourth quarter of 2022 results: revenue $313.6 million, net income $22.4 million, EPS $2.04 basic earnings per share.

Period: the fourth quarter of 2022
Revenue: $313.6 million
Net income: $22.4 million
EPS: $2.04 basic earnings per share
Result: reported results

Exact text from the filing

Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $22.4 million or $2.04 basic earnings per share for the fourth quarter of 2022 compared with net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021. Revenue for the fourth quarter of 2022 was $313.6 million compared to revenue of $365.1 million for the fourth quarter of 2021, a decrease of 14.1%.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

OPPENHEIMER HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0000791963-23-000002

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.