Piper Sandler Q2 net revenue $496M (+25% YoY); EPS $0.95 (+61% YoY); declares $0.20 dividend

PIPER SANDLER COMPANIES

GAAP net revenue $496M, up 25% YoY; adjusted net revenue $491M, up 21% YoY.
GAAP diluted EPS $0.95, up 61% YoY; adjusted diluted EPS $1.04, up 41% YoY.
GAAP pre-tax margin 20.3% (up 8.0pp YoY); adjusted pre-tax margin 21.8% (up 3.7pp YoY).
Quarterly dividend declared at $0.20 per share, payable on a date to be announced.
CEO cites broad-based growth and best first-half revenues on record.

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