8-K
filed February 3, 2023, 6:59 PM ET
ticker PIPR
CIK 0001230245
earnings
confidence high
sentiment negative
materiality 0.80
Piper Sandler Q4 net rev $391M (-40% YoY); EPS $2.25; declares $1.25 special dividend
PIPER SANDLER COMPANIES
2022-FY EPS reported
$6.52
revenue$1,435,118,000
- Q4 net revenues $391M, down 40% YoY; full year $1.426B, second strongest but down 30% YoY.
- GAAP diluted EPS Q4 $2.25 vs $6.54 prior year; full year $6.52 vs $16.43.
- Adjusted EPS Q4 $3.33, full year $11.26; advisory services revenue down 46% Q4 YoY.
- Declared special dividend $1.25/share plus quarterly $0.60, payable March 17, 2023.
- Returned $295M to shareholders in 2022 via buybacks and dividends; acquired DBO Partners in October.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PIPER SANDLER COMPANIES reported the fiscal year ended December 31, 2022 results: revenue $1,425.6, net income $110.7, EPS $6.52.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $1,425.6
- Net income
- $110.7
- EPS
- $6.52
- Result
- reported results
Exact text from the filing
Net revenues $391.0 18 % -40 % $390.9 17 % -38 % $1,425.6 -30 % $1,433.7 -28 % Pre-tax margin 10.9 % 5.2pp -15.2pp 19.3 % 2.0pp -11.4pp 9.4 % -12.3pp 18.8 % -9.0pp Net income applicable to Piper Sandler Companies $38.1 162 % -66 % $59.8 46 % -58 % $110.7 -60 % $201.3 -50 % Earnings per diluted common share $2.25 159 % -66 % $3.33 44 % -58 % $6.52 -60 % $11.26 -49 %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PIPER SANDLER COMPANIES reported the fourth fiscal quarter ended December 31, 2022 results: revenue $391.0, net income $38.1, EPS $2.25.
- Period
- the fourth fiscal quarter ended December 31, 2022
- Revenue
- $391.0
- Net income
- $38.1
- EPS
- $2.25
- Result
- reported results
Exact text from the filing
Net revenues $391.0 18 % -40 % $390.9 17 % -38 % $1,425.6 -30 % $1,433.7 -28 % Pre-tax margin 10.9 % 5.2pp -15.2pp 19.3 % 2.0pp -11.4pp 9.4 % -12.3pp 18.8 % -9.0pp Net income applicable to Piper Sandler Companies $38.1 162 % -66 % $59.8 46 % -58 % $110.7 -60 % $201.3 -50 % Earnings per diluted common share $2.25 159 % -66 % $3.33 44 % -58 % $6.52 -60 % $11.26 -49 %
View on SEC.gov
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