---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-21-000097"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:15:57.258724+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001230245-21-000097
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024521000097/0001230245-21-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024521000097/pipr-20210730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-21-000097
- JSON: https://secwatch.observer/filing/0001230245-21-000097.json
- Plain text: https://secwatch.observer/filing/0001230245-21-000097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.