{"schema_version":"secwatch.filing_event.v1","accession":"0001230245-23-000122","form_type":"8-K","ticker":"PIPR","cik":"0001230245","company_name":"PIPER SANDLER COMPANIES","filed_at":"2023-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.361425+00:00","generated_at":"2026-06-12T22:51:32.859868+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Piper Sandler Q2 GAAP EPS $0.23, adjusted EPS $1.13; revenue down 18% YoY","bullets":["GAAP net revenues $288.7M, down 18% YoY; adjusted net revenues $277.4M, down 20% YoY.","GAAP net income $4.0M ($0.23 per diluted share); adjusted net income $20.2M ($1.13 per share).","GAAP pre-tax margin 5.0%; adjusted pre-tax margin 9.5%, down 800 bps YoY.","Declared quarterly dividend of $0.60 per share.","CEO cites challenging market conditions across the industry."],"urls":{"canonical":"https://secwatch.observer/filing/0001230245-23-000122","json":"https://secwatch.observer/filing/0001230245-23-000122.json","markdown":"https://secwatch.observer/filing/0001230245-23-000122.md","text":"https://secwatch.observer/filing/0001230245-23-000122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000122/0001230245-23-000122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000122/pipr-20230728.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:51:32.859868+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":"8461d13f592e6e13e529b093823ac1fa87e60ae7","claim":"PIPER SANDLER COMPANIES reported second quarter ended June 30, 2023 results: revenue $288.7, net income $4.0, EPS $0.23.","evidence_excerpt":"Second Quarter 2023 Results U.S. GAAP Adjusted (1) (Dollars in millions, except per share data) Q2 vs. vs. Q2 vs. vs. 2023 Q1-23 Q2-22 2023 Q1-23 Q2-22 Net revenues $288.7 -3 % -18 % $277.4 -4 % -20 % Pre-tax margin 5.0 % -3.7pp -5.6pp 9.5 % -4.6pp -8.0pp Net income applicable to Piper Sandler Companies $4.0 -85 % -82 % $20.2 -52 % -54 % Earnings","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1230245/000123024523000122/0001230245-23-000122-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$288.7"},{"label":"Net income","value":"$4.0"},{"label":"EPS","value":"$0.23"},{"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"}