---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-23-000070"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:48:38.673892+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001230245-23-000070
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000070/0001230245-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000070/pipr-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-23-000070
- JSON: https://secwatch.observer/filing/0001230245-23-000070.json
- Plain text: https://secwatch.observer/filing/0001230245-23-000070.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000070/0001230245-23-000070-index.htm

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