earnings
confidence high
sentiment positive
materiality 0.75
Piper Sandler Q1 adj. EPS $1.00; revenue down 33% QoQ but up 22% YoY; dividend raised to $0.20
PIPER SANDLER COMPANIES
2026-Q1 EPS reported
$0.92
revenue$475,145,000
- Q1 GAAP net revenues $474M, down 29% QoQ but up 33% YoY; adjusted net revenues $470M, down 26% QoQ, up 22% YoY.
- GAAP net income $65M ($0.92 diluted EPS); adjusted net income $72M ($1.00 diluted EPS).
- Corporate investment banking revenue grew 30% YoY, driving record first-quarter revenues.
- Quarterly dividend increased to $0.20 per share (up from $0.18 prior quarter).
- Pre-tax margin: GAAP 18.5%, adjusted 20.0%.