{"schema_version":"secwatch.filing_event.v1","accession":"0001230245-25-000015","form_type":"8-K","ticker":"PIPR","cik":"0001230245","company_name":"PIPER SANDLER COMPANIES","filed_at":"2025-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.134223+00:00","generated_at":"2026-05-27T04:34:51.376267+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Piper Sandler Q4 net rev $484M (+35% QoQ), FY rev $1.53B (+13%); declares $3 special dividend","bullets":["Q4 GAAP net income $69M, diluted EPS $3.86; adjusted net income $87M, adjusted EPS $4.80.","Full-year GAAP net income $181M, diluted EPS $10.24; adjusted net income $228M, adjusted EPS $12.69 (up 37% YoY).","Q4 net revenues $484M (up 35% QoQ, 3% YoY); full-year net revenues $1.526B (up 13% YoY).","Pre-tax margin improved to 17.0% GAAP, 24.4% adjusted for Q4; full-year 14.3% GAAP, 19.7% adjusted.","Declared special dividend of $3.00 per share and quarterly dividend of $0.65 per share."],"urls":{"canonical":"https://secwatch.observer/filing/0001230245-25-000015","json":"https://secwatch.observer/filing/0001230245-25-000015.json","markdown":"https://secwatch.observer/filing/0001230245-25-000015.md","text":"https://secwatch.observer/filing/0001230245-25-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1230245/000123024525000015/0001230245-25-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1230245/000123024525000015/pipr-20250131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T04:34:51.376267+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}