secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001230245-22-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000123024522000070/0001230245-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000123024522000070/pipr-20220429.htm
  HTML page:      https://secwatch.observer/filing/0001230245-22-000070

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