Piper Sandler Q1 GAAP EPS $2.12, net rev $350.6M; adjusted EPS $3.12, advisory rev up 38% YoY

PIPER SANDLER COMPANIES

2022-Q1 EPS reported $2.12 revenue$352,846,000

GAAP net income of $36.7M ($2.12 diluted EPS) vs Q4-21 $113.5M ($6.54) and Q1-21 $49.5M ($3.00).
Adjusted net revenues $361.8M (down 43% QoQ, down 13% YoY); adjusted EPS $3.12 (down 60% QoQ, down 24% YoY).
Advisory services revenue $210.9M (up 38% YoY) led by financial services; company cites robust M&A pipeline.
Declared quarterly dividend of $0.60/share payable June 10, 2022; returned $195M to shareholders in Q1 via buybacks and dividends.
Completed Cornerstone Macro acquisition Feb 4; Stamford Partners acquisition expected Q2 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.