---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-22-000070"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:28:40.930937+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001230245-22-000070
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024522000070/0001230245-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024522000070/pipr-20220429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-22-000070
- JSON: https://secwatch.observer/filing/0001230245-22-000070.json
- Plain text: https://secwatch.observer/filing/0001230245-22-000070.txt

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