Oppenheimer Q4 EPS $1.07, down 48% YoY; adjusted EPS $1.56; FY revenue $1.25B

OPPENHEIMER HOLDINGS INC

2023-FY EPS reported $2.59 revenue$1,248,825,000

GAAP net income $11.1M ($1.07 basic EPS) vs $22.4M ($2.04) in Q4 2022; adjusted net income $16.1M ($1.56).
Full year 2023 revenue $1.25B (+12.4% YoY); net income $30.2M ($2.81 basic EPS) vs $32.4M ($2.77).
Private Client pre-tax income rose 36.7% for the year to $194.4M; Capital Markets pre-tax loss widened to $63.0M.
Book value per share hit record $76.72; company repurchased 900,518 shares at avg $39.00 during 2023.
Quarterly dividend maintained at $0.15/share payable Feb 23, 2024; $13M regulatory charge in FY2023.

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 Q4 2023 results: revenue 308.3 million, net income 11.1 million, EPS 1.07.

Period: Q4 2023
Revenue: 308.3 million
Net income: 11.1 million
EPS: 1.07
Result: reported results

Exact text from the filing

basic earnings per share for the fourth quarter of 2023, after excluding $5.0 million of expense related to a regulatory settlement. Revenue for the fourth quarter of 2023 was $308.3 million compared to revenue of $313.6 million for the fourth quarter of 2022, a decrease of 1.7%. For the year ended December 31, 2023, the Company reported net income of $30.2 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPPENHEIMER HOLDINGS INC reported FY 2023 results: revenue 1.2 billion, net income 30.2 million, EPS 2.81.

Period: FY 2023
Revenue: 1.2 billion
Net income: 30.2 million
EPS: 2.81
Result: reported results

Exact text from the filing

per share for the year ended December 31, 2023, after excluding $13.0 million of expense related to a regulatory settlement. Revenue for the year ended December 31, 2023 was $1.2 billion compared to revenue of $1.1 billion for the year ended December 31, 2022, an increase of 12.4%. Summary Operating Results (Unaudited) ('000s, except per share amounts or

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OPPENHEIMER HOLDINGS INC filing history →

Source: SEC EDGAR

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