---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-24-000014"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T09:45:27.732623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q4 net revenues $472M, EPS $3.00; declares special dividend $1.00 and quarterly dividend $0.60

## Summary
- Q4 GAAP net revenues $472M (up 21% YoY); GAAP diluted EPS $3.00.
- Full year GAAP net revenues $1.348B (-5% YoY); GAAP diluted EPS $4.96 (-24% YoY).
- Adjusted Q4 net revenues $457M, adjusted EPS $4.03; adjusted full year $1.330B, adjusted EPS $9.28.
- Advisory business generated 60% of Q4 net revenues; returned $155M to shareholders in 2023.
- Declared special dividend of $1.00/share and quarterly dividend of $0.60/share.

## SEC filing metadata
- accession: 0001230245-24-000014
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024524000014/0001230245-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024524000014/pipr-20240202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-24-000014
- JSON: https://secwatch.observer/filing/0001230245-24-000014.json
- Plain text: https://secwatch.observer/filing/0001230245-24-000014.txt

## Key facts
- Earnings Releases
  PIPER SANDLER COMPANIES reported financial results for fourth fiscal quarter and fiscal year ended December 31, 2023.
  - Period: fourth fiscal quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: On February 2, 2024, Piper Sandler Companies (the "Company") reported its financial results for its fourth fiscal quarter and fiscal year ended December 31, 2023. See the Company's press release dated February 2, 2024, which is furnished as Exhibit 99 hereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024524000014/0001230245-24-000014-index.htm
- Earnings Releases
  PIPER SANDLER COMPANIES reported full year of 2023 results: revenue $1,348, net income $85, EPS $4.96.
  - Period: full year of 2023
  - Revenue: $1,348
  - Net income: $85
  - EPS: $4.96
  - Result: reported results
  source text: (1) (Dollars in millions, except per share data) Q4 vs. vs. Q4 vs. vs. vs. vs. 2023 Q3-23 Q4-22 2023 Q3-23 Q4-22 2023 2022 2023 2022 Net revenues $472 63 % 21 % $457 49 % 17 % $1,348 -5 % $1,330 -7 % Pre-tax margin 18.2 % N/M 7.3pp 21.7 % 6.4pp 2.4pp 9.1 % -0.3pp 16.0 % -2.8pp Net income attributable to Piper Sandler Companies $52 N/M 37 % $72 130 % 21 % $85
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024524000014/0001230245-24-000014-index.htm
- Earnings Releases
  PIPER SANDLER COMPANIES reported fourth quarter of 2023 results: revenue $472, net income $52, EPS $3.00.
  - Period: fourth quarter of 2023
  - Revenue: $472
  - Net income: $52
  - EPS: $3.00
  - Result: reported results
  source text: Adjusted (1) U.S. GAAP Adjusted (1) (Dollars in millions, except per share data) Q4 vs. vs. Q4 vs. vs. vs. vs. 2023 Q3-23 Q4-22 2023 Q3-23 Q4-22 2023 2022 2023 2022 Net revenues $472 63 % 21 % $457 49 % 17 % $1,348 -5 % $1,330 -7 % Pre-tax margin 18.2 % N/M 7.3pp 21.7 % 6.4pp 2.4pp 9.1 % -0.3pp 16.0 % -2.8pp Net income attributable to Piper Sandler Companies
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024524000014/0001230245-24-000014-index.htm

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