---
schema_version: "secwatch.filing_event.v1"
accession: "0000791963-23-000002"
form_type: "8-K"
ticker: "OPY"
cik: "0000791963"
company_name: "OPPENHEIMER HOLDINGS INC"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:33:32.768755+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000791963-23-000002
- form_type: 8-K
- ticker: OPY
- cik: 0000791963
- company_name: OPPENHEIMER HOLDINGS INC
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791963/000079196323000002/0000791963-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791963/000079196323000002/opy-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000791963-23-000002
- JSON: https://secwatch.observer/filing/0000791963-23-000002.json
- Plain text: https://secwatch.observer/filing/0000791963-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/791963/000079196323000002/0000791963-23-000002-index.htm
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/791963/000079196323000002/0000791963-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.