Piper Sandler Q1 GAAP EPS $2.43, adjusted $2.79; net revenue $343M, up 15% YoY; declares $0.60 dividend

PIPER SANDLER COMPANIES

2024-Q1 EPS reported $2.43 revenue$344,439,000

GAAP net income $42M, diluted EPS $2.43 vs $1.49 YoY; adjusted net income $50M, adjusted EPS $2.79.
Net revenue $343M GAAP ($334M adjusted), up 15% YoY; pre-tax margin 15.3% GAAP, 16.8% adjusted.
Returned $88M to shareholders via share repurchases and dividends in Q1.
Quarterly dividend declared at $0.60 per share, consistent with prior quarter.
CEO cited improvement in advisory and equity capital markets despite persistent headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PIPER SANDLER COMPANIES reported first fiscal quarter ended March 31, 2024 results: revenue $343, net income $42, EPS $2.43.

Period: first fiscal quarter ended March 31, 2024
Revenue: $343
Net income: $42
EPS: $2.43
Result: reported results

Exact text from the filing

dividends." First Quarter 2024 Results U.S. GAAP Adjusted (1) (Dollars in millions, except per share data) Q1 vs. vs. Q1 vs. vs. 2024 Q4-23 Q1-23 2024 Q4-23 Q1-23 Net revenues $343 -27 % 15 % $334 -27 % 15 % Pre-tax margin 15.3 % -2.9pp 6.6pp 16.8 % -4.9pp 2.7pp Net income attributable to Piper Sandler Companies $42 -18 % 66 % $50 -31 % 18 % Earnings per

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