---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-22-000111"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2022-07-29T23:59:59+00:00"
generated_at: "2026-06-24T06:49:42.243220+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q2 net revenue $352M (-31% YoY); GAAP EPS $1.26, adj $2.47

## Summary
- GAAP net revenue $352.2M, flat QoQ but down 31% YoY; investment banking $234.1M (-40% YoY).
- GAAP diluted EPS $1.26, adj EPS $2.47; GAAP pre-tax margin 10.6% vs 22.4% a year ago.
- Institutional brokerage $104.9M (+10% YoY) record quarter, driven by equity brokerage +47%.
- Declared $0.60/share quarterly dividend payable Sept 9; repurchased 418k shares for $50M in Q2.
- Closed Stamford Partners acquisition; pending DBO Partners expected Q4 2022 adds 23 professionals.

## SEC filing metadata
- accession: 0001230245-22-000111
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2022-07-29T23:59:59+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/1230245/000123024522000111/0001230245-22-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024522000111/pipr-20220729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-22-000111
- JSON: https://secwatch.observer/filing/0001230245-22-000111.json
- Plain text: https://secwatch.observer/filing/0001230245-22-000111.txt

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