{"schema_version":"secwatch.filing_event.v1","accession":"0001230245-23-000010","form_type":"8-K","ticker":"PIPR","cik":"0001230245","company_name":"PIPER SANDLER COMPANIES","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.123633+00:00","generated_at":"2026-06-20T00:51:55.364592+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Piper Sandler Q4 net rev $391M (-40% YoY); EPS $2.25; declares $1.25 special dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001230245-23-000010","json":"https://secwatch.observer/filing/0001230245-23-000010.json","markdown":"https://secwatch.observer/filing/0001230245-23-000010.md","text":"https://secwatch.observer/filing/0001230245-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000010/0001230245-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000010/pipr-20230203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:51:55.364592+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31b1248a1f8e02fa940124d279828f84b0e6c74c","claim":"PIPER SANDLER COMPANIES reported the fiscal year ended December 31, 2022 results: revenue $1,425.6, net income $110.7, EPS $6.52.","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000010/0001230245-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$1,425.6"},{"label":"Net income","value":"$110.7"},{"label":"EPS","value":"$6.52"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4a283f9c43570be2a5415ae92e203b11308af891","claim":"PIPER SANDLER COMPANIES reported the fourth fiscal quarter ended December 31, 2022 results: revenue $391.0, net income $38.1, EPS $2.25.","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000010/0001230245-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth fiscal quarter ended December 31, 2022"},{"label":"Revenue","value":"$391.0"},{"label":"Net income","value":"$38.1"},{"label":"EPS","value":"$2.25"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}