Oppenheimer Q1 net income $14.6M ($1.32 EPS), revenue up 21% to $321.7M

OPPENHEIMER HOLDINGS INC

2023-Q1 EPS reported $1.22 revenue$321,679,000

Net income of $14.6M up 57% from $9.3M in Q1 2022; diluted EPS $1.22 vs $0.69.
Revenue $321.7M, +20.9% YoY; Private Client revenue up 35% to $203.4M on higher sweep and margin income.
Capital Markets revenue $90.3M (+6.2%) but pre-tax loss of $15.5M vs profit $1.2M a year ago due to higher comp.
Bought back 95,055 shares at avg $38.79; quarterly dividend $0.15 payable May 26, 2023.
Assets under administration $108.9B, down from $117.2B; AUM $39.3B vs $42.7B.

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 0.9

OPPENHEIMER HOLDINGS INC reported first quarter 2023 results: revenue $321,679, net income $14,617, EPS $1.32.

Period: first quarter 2023
Revenue: $321,679
Net income: $14,617
EPS: $1.32
Result: reported results

Exact text from the filing

provide essential investment services to our clients." Summary Operating Results (Unaudited) ('000s, except per share amounts or otherwise indicated) Firm 1Q-23 1Q-22 Revenue $ 321,679 $ 266,028 Compensation Expense $ 206,292 $ 186,031 Non-compensation Expense $ 96,338 $ 65,784 Pre-Tax Income $ 19,049 $ 14,213 Income Taxes $ 4,585 $ 4,435 Net Income (1) $ 14,617

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

OPPENHEIMER HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0000791963-23-000020

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