Piper Sandler Q1 net revenues $298M, GAAP EPS $1.49, adjusted $2.35; declares $0.60 dividend

PIPER SANDLER COMPANIES

2023-Q1 EPS reported $1.49 revenue$300,544,000

Net income $25.6M (-30% YoY), GAAP diluted EPS $1.49 vs $2.12.
Adjusted net income $42.3M, adjusted EPS $2.35 vs $3.12 YoY.
Investment banking revenues $184.4M (-28% YoY); advisory $140.7M (-33%).
Equity brokerage $53.8M, second highest quarter on record; fixed income down 22% YoY.
Returned $112M through share repurchases and dividends; Q dividend $0.60 payable June 9.

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 financial results for first fiscal quarter ended March 31, 2023.

Period: first fiscal quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Piper Sandler Companies (the "Company") reported its financial results for its first fiscal quarter ended March 31, 2023. See the Company's press release dated May 2, 2023, which is furnished as Exhibit 99 hereto.

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Source: SEC EDGAR

accession 0001230245-23-000070

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