Piper Sandler Q1 2025: GAAP EPS $3.65 (+50% YoY), adjusted EPS $4.09 (+47% YoY), revenue $357M

PIPER SANDLER COMPANIES

2025-Q1 EPS reported $3.65 revenue$358,554,000

GAAP net revenue $357M, up 4% YoY; adjusted net revenue $383M, up 15% YoY.
GAAP net income $65M, up 53% YoY; adjusted net income $73M, up 47% YoY.
GAAP diluted EPS $3.65, up 50% YoY; adjusted diluted EPS $4.09, up 47% YoY.
Advisory services achieved record first quarter revenues, per CEO Chad Abraham.
Quarterly dividend declared at $0.65 per share.

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