earnings
confidence high
sentiment positive
materiality 0.75
Oppenheimer FY2024 revenue record $1.43B (+15% YoY); net income $71.6M vs $30.2M
OPPENHEIMER HOLDINGS INC
2024-FY EPS reported
$6.37
revenue$1,432,496,000
- Q4 2024 net income $10.7M ($1.04 basic EPS) vs $11.1M ($1.07) year ago; revenue $375.4M (+21.8% YoY).
- Full-year revenue $1.43B record, driven by higher advisory fees (+16.4%), investment banking (+49%) and sales/trading.
- Advisory fees Q4 $129.7M (+23.3% YoY); AUM hit all-time high $49.4B at Dec 31, 2024.
- Pre-tax expense from stock appreciation rights was $32.6M in FY2024 vs modest amount in FY2023; compensation ratio 65.4%.
- Quarterly dividend unchanged at $0.18/share payable Feb 28, 2025; 243,806 shares repurchased in FY2024 at avg $39.39.