secwatch.observer — SEC 8-K summary
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Issuer:     OPPENHEIMER HOLDINGS INC (OPY)
CIK:        0000791963
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000791963-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oppenheimer FY2024 revenue record $1.43B (+15% YoY); net income $71.6M vs $30.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791963/000079196325000003/0000791963-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791963/000079196325000003/opy-20250131.htm
  HTML page:      https://secwatch.observer/filing/0000791963-25-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer