---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-22-000135"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:25:51.822392+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001230245-22-000135
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024522000135/0001230245-22-000135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024522000135/pipr-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-22-000135
- JSON: https://secwatch.observer/filing/0001230245-22-000135.json
- Plain text: https://secwatch.observer/filing/0001230245-22-000135.txt

## Key facts
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024522000135/0001230245-22-000135-index.htm

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