Oppenheimer reports Q1 net loss of $20.6M on $70M legal charge; adjusted EPS $4.46

OPPENHEIMER HOLDINGS INC

2026-Q1 EPS reported -$1.93 revenue$445,095,000

Net loss of $20.6M ($1.93/sh) vs net income $30.7M ($2.93/sh) in Q1 2025.
Revenue $445.1M (+21% YoY) driven by investment banking up 142.7% and advisory fees up 10%.
Adjusted net income $47.5M ($4.46 adj EPS) excluding $70M cash sweep settlement and $22.3M stock appreciation rights.
Dividend increased 11.1% to $0.20/share payable May 29, 2026.
Wealth Management pre-tax income fell 35.8% to $43.6M; Capital Markets swung to $35.4M profit from loss.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPPENHEIMER HOLDINGS INC reported first quarter 2026 results: revenue $445,095, net income $(20,578), EPS $(1.93).

Period: first quarter 2026
Revenue: $445,095
Net income: $(20,578)
EPS: $(1.93)
Result: reported results

Exact text from the filing

as they continue to navigate uncertain markets." 1 Summary Operating Results (Unaudited) ('000s, except per share amounts or otherwise indicated) Firm 1Q-26 1Q-25 Revenue $ 445,095 $ 367,825 Compensation Expenses $ 296,001 $ 227,091 Non-compensation Expenses $ 176,095 $ 99,358 Pre-tax (Loss) Income $ (27,001) $ 41,376 Income Tax (Benefit) Provision $ (6,432)

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Source: SEC EDGAR

accession 0001628280-26-029115

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