secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001230245-25-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piper Sandler Q4 net rev $484M (+35% QoQ), FY rev $1.53B (+13%); declares $3 special dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000123024525000015/0001230245-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000123024525000015/pipr-20250131.htm
  HTML page:      https://secwatch.observer/filing/0001230245-25-000015

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