secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001230245-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piper Sandler Q4 net rev $391M (-40% YoY); EPS $2.25; declares $1.25 special dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000123024523000010/0001230245-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000123024523000010/pipr-20230203.htm
  HTML page:      https://secwatch.observer/filing/0001230245-23-000010

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