secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001230245-22-000111
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000123024522000111/0001230245-22-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000123024522000111/pipr-20220729.htm
  HTML page:      https://secwatch.observer/filing/0001230245-22-000111

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