secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001230245-23-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000123024523000070/0001230245-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000123024523000070/pipr-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001230245-23-000070

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