---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-26-000019"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:14:38.726564+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler Q1 adj. EPS $1.00; revenue down 33% QoQ but up 22% YoY; dividend raised to $0.20

## Summary
- 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%.

## SEC filing metadata
- accession: 0001230245-26-000019
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024526000019/0001230245-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024526000019/pipr-20260501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-26-000019
- JSON: https://secwatch.observer/filing/0001230245-26-000019.json
- Plain text: https://secwatch.observer/filing/0001230245-26-000019.txt

## Key facts
- Earnings Releases
  PIPER SANDLER COMPANIES reported first fiscal quarter ended March 31, 2026 results: revenue $474 million, net income $65 million, EPS $0.92.
  - Period: first fiscal quarter ended March 31, 2026
  - Revenue: $474 million
  - Net income: $65 million
  - EPS: $0.92
  - Result: reported results
  source text: On May 1, 2026, Piper Sandler Companies (the "Company") reported its financial results for its first fiscal quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024526000019/0001230245-26-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.