---
schema_version: "secwatch.filing_event.v1"
accession: "0000791963-23-000020"
form_type: "8-K"
ticker: "OPY"
cik: "0000791963"
company_name: "OPPENHEIMER HOLDINGS INC"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:08:12.928241+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000791963-23-000020
- form_type: 8-K
- ticker: OPY
- cik: 0000791963
- company_name: OPPENHEIMER HOLDINGS INC
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791963/000079196323000020/0000791963-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791963/000079196323000020/opy-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000791963-23-000020
- JSON: https://secwatch.observer/filing/0000791963-23-000020.json
- Plain text: https://secwatch.observer/filing/0000791963-23-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/791963/000079196323000020/0000791963-23-000020-index.htm

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