Piper Sandler Q2 net rev $508.6M, record advisory; dividend up 22%

PIPER SANDLER COMPANIES

2021-Q2 EPS reported $7.14 revenue$942,731,000

GAAP net income $69.8M ($4.12 diluted EPS); adjusted net income $98.6M ($5.37 adj. EPS, +178% YoY).
Net revenues $508.6M (+74% YoY); record advisory services revenue of $248.7M (+63% QoQ).
Quarterly dividend raised 22% to $0.55/share, payable Sept. 10, 2021 to holders of record Aug. 27.
Investment banking revenues $387.1M (+94% YoY); corporate financing $102.4M, municipal financing $36.1M.
Pre-tax margin 22.4% (GAAP), 27.7% (adjusted); record first-half net revs exceed $900M.

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