---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-23-000151"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:47:37.708124+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q3 GAAP EPS $0.22 (-75% YoY); adjusted EPS $1.76 (-24%); declares $0.60 dividend

## Summary
- GAAP net revenues $289.5M (-13% YoY); adjusted net revenues $306.2M (-9% YoY).
- GAAP net income $3.9M (-73% YoY); GAAP pre-tax margin -1.2% (vs 9.6% year-ago).
- Adjusted net income $31.5M (-23% YoY); adjusted pre-tax margin 15.3% (down 2.0pp YoY).
- Quarterly dividend of $0.60 per share declared.

## SEC filing metadata
- accession: 0001230245-23-000151
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2023-10-27T23:59:59+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/1230245/000123024523000151/0001230245-23-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000151/pipr-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-23-000151
- JSON: https://secwatch.observer/filing/0001230245-23-000151.json
- Plain text: https://secwatch.observer/filing/0001230245-23-000151.txt

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