Oppenheimer Q3 net income $13.9M, EPS $1.32 vs $0.40 YoY; revenue $312.7M +6.3%

OPPENHEIMER HOLDINGS INC

2023-Q3 EPS reported $1.62 revenue$940,536,000

Net income $13.9M ($1.32 basic EPS) vs $4.5M ($0.40) a year ago; revenue rose 6.3% to $312.7M.
Private Client pre-tax income surged to $65.2M from $30.0M on higher interest and advisory fees.
Capital Markets revenue up 4% to $94.6M but pre-tax loss of $15.3M vs income of $2.4M YoY.
Quarterly dividend of $0.15/share payable Nov 24; repurchased 606,087 shares in Q3 via tender and open market.
Book value per share record $75.01; AUA $110.7B, AUM $40.4B both higher YoY.

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 third quarter 2023 results: revenue $312.7 million, net income $13.9 million, EPS $1.32 basic earnings per share.

Period: third quarter 2023
Revenue: $312.7 million
Net income: $13.9 million
EPS: $1.32 basic earnings per share
Result: reported results

Exact text from the filing

Oppenheimer Holdings Inc. Reports Third Quarter 2023 Earnings New York, October 27, 2023 – Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $13.9 million or $1.32 basic earnings per share for the third quarter of 2023, an increase of approximately 206.7%, compared with net income of $4.5 million or $0.40 basic earnings per share for the third quarter of 2022. Revenue for the third quarter of 2023 was $312.7 million, an increase of 6.3%, compared to revenue of $294.1 million for the third quarter of 2022.

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OPPENHEIMER HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0000791963-23-000044

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