Piper Sandler Q3 net revenues -26% YoY to $331.8M; adj. EPS $2.32 vs. $4.55

PIPER SANDLER COMPANIES

2022-Q3 EPS reported $4.27 revenue$1,041,794,000

GAAP net income $14.5M ($0.87 diluted EPS) vs. $45.7M ($2.68) in Q3 2021.
Investment banking revenues $241.4M, -28% YoY; corporate financing down 49%.
Equity brokerage revenue of $52.7M set quarterly record, up 55% YoY.
Closed DBO Partners acquisition in October, adding 7 managing directors to tech banking.
Quarterly dividend declared $0.60/share, payable Dec 9, 2022 to holders of record Nov 23.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PIPER SANDLER COMPANIES reported third quarter of 2022 results: revenue $331.8, net income $14.5, EPS $0.87.

Period: third quarter of 2022
Revenue: $331.8
Net income: $14.5
EPS: $0.87
Result: reported results

Exact text from the filing

U.S. GAAP Adjusted (1) (Dollars in millions, except per share data) Q3 vs. vs. Q3 vs. vs. 2022 Q2-22 Q3-21 2022 Q2-22 Q3-21 Net revenues $331.8 -6 % -26 % $335.4 -3 % -24 % Pre-tax margin 5.7 % -4.9pp -11.3pp 17.3 % -0.2pp -9.0pp Net income applicable to Piper Sandler Companies $14.5 -32 % -68 % $40.9 -7 % -51 % Earnings per diluted common share $0.87 -31 % -68 % $2.32 -6 % -49 %

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Source: SEC EDGAR

accession 0001230245-22-000135

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