Every material Form 8-K Piper Sandler Companies has filed with the SEC since October 27, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Piper Sandler reported third-quarter 2026 U.S. GAAP net revenues of $443.0 million, down 8% from a year earlier and 11% from the second quarter, with diluted EPS of $0.78 versus $0.85 a year earlier. The company also declared a $0.20 quarterly dividend and authorized a new $200 million share repurchase program running through December 31, 2028, which gives shareholders a clearer view of capital returns.
Q3 2026 GAAP net revenues were $443.0 million, down 8% from Q3 2025 and 11% from Q2 2026; adjusted net revenues were $456.0 million, flat year over year.
Q3 2026 diluted EPS was $0.78 GAAP versus $0.85 in Q3 2025; adjusted diluted EPS was $0.87 versus $0.96.
Corporate investment banking generated record third-quarter revenues of $307 million, while investment income was a loss of $13.5 million.
The board declared a $0.20 per share quarterly dividend payable December 11, 2026, and authorized up to $200 million of share repurchases.
Piper Sandler Companies elected Wendy L. Schoppert as a director effective September 22, 2026, increasing the board from 10 to 11 members. She was also appointed to the Audit Committee, and her director pay includes a $100,000 pro-rated annual cash retainer and equity grants for the rest of fiscal 2026.
Schoppert, a former CFO of Sleep Number Corporation, will serve an initial term expiring at the 2027 annual shareholder meeting
Board size rose from 10 to 11 directors; she joins the Audit Committee
Director compensation: pro-rated $100,000 annual cash retainer, $60,000 initial equity grant, and pro-rated $150,000 annual equity grant
Piper Sandler reported second-quarter 2026 U.S. GAAP net revenues of $495.5 million, up 25% from a year earlier and 4% from the first quarter, with diluted earnings per share of $0.95 versus $0.59 a year ago. The company also declared a quarterly dividend of $0.20 per share, payable September 11, 2026, to holders of record on August 28, 2026. The filing gives no new full-year guidance, and the results are a routine quarterly update.
Q2 2026 net income attributable to Piper Sandler was $67.8 million, or $0.95 per diluted share, compared with $42.2 million, or $0.59, in Q2 2025.
Adjusted (non-GAAP) diluted EPS was $1.04, and adjusted net revenues were $491.1 million, up 21% from a year earlier.
Advisory services revenues were $274.2 million, up 34% year over year, and the company reported Q2 pre-tax margin of 20.3%.
The company returned $215 million to shareholders in the first half of 2026 through dividends and share repurchases.
Piper Sandler reported first-quarter 2026 net revenues of $474 million, up 33% from a year earlier and down 29% from the fourth quarter of 2025, and net income attributable to the company of $65 million, or $0.92 per diluted share, roughly flat with $0.91 a year earlier. The board also raised the quarterly cash dividend 14% to $0.20 per share, payable June 12, 2026 to holders of record on May 29, 2026.
Net revenues of $474 million, up 33% year over year and down 29% from Q4 2025
Diluted EPS of $0.92 versus $0.91 in Q1 2025 and $1.60 in Q4 2025; adjusted EPS was $1.00 versus $1.02 a year earlier
Advisory services revenues of $251 million, up 16% year over year; corporate financing revenues of $73 million, more than double the year-ago quarter
Quarterly dividend raised to $0.20 per share from the prior $0.175, payable June 12, 2026
Piper Sandler reported record fourth-quarter 2025 net revenues of $666 million, up 38% from a year earlier, and full-year net revenues of $1.9 billion, up 24%. The board also declared a $5.00 special dividend and a $0.70 quarterly dividend, and approved a four-for-one forward stock split, which takes effect March 23, 2026.
Q4 2025 net revenues of $666 million, up 38% from Q4 2024; GAAP diluted EPS of $6.40
Full-year 2025 net revenues of $1.9 billion, up 24%; GAAP diluted EPS of $15.82 versus $10.24 in 2024
Special dividend of $5.00 and quarterly dividend of $0.70 per share, payable March 13, 2026 to holders of record March 3, 2026
Four-for-one forward split effective 4:30 p.m. ET March 23, 2026; split-adjusted trading begins March 24, 2026
Piper Sandler Companies elected Stuart M. Essig as a director effective February 4, 2026, increasing the board from nine to ten members. He was also appointed to the Audit Committee, and the filing describes his prior roles as chief executive and chairman of Integra LifeSciences Corporation.
Essig's initial term expires at the 2026 annual shareholder meeting.
Essig joins the Audit Committee of the Board.
Under the 2026 non-employee director program, he receives a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant, and a $150,000 annual equity grant after the 2026 annual meeting.
The filing states Essig has no related person transactions with the Company.
Piper Sandler reported record third-quarter 2025 net revenues of $479 million, up 21% from the second quarter and 33% from the year-earlier quarter, with diluted EPS of $3.38 versus $1.96 a year earlier. The company also declared a $0.70 quarterly dividend, payable December 12, 2025, and reported that corporate financing revenues rose sharply on higher equity financing activity.
Q3 2025 net revenues of $479 million, up 21% from Q2 2025 and 33% from Q3 2024
Diluted EPS of $3.38 (GAAP) versus $2.38 in Q2 2025 and $1.96 in Q3 2024; adjusted diluted EPS of $3.82
Quarterly dividend of $0.70 per share declared October 31, 2025, payable December 12, 2025 to holders of record November 25, 2025
Acquisition of G Squared Capital Partners completed September 12, 2025
Piper Sandler reported second-quarter 2025 net revenues of $397 million, up 17% from a year earlier but up 11% from the first quarter. Net income attributable to the company was $42 million, or $2.38 per diluted share, up 21% year over year but down 35% from the first quarter, which included a $25.4 million tax benefit. The company also raised its quarterly dividend to $0.70 per share from $0.65 and announced a pending acquisition of G Squared Capital Partners.
Q2 2025 net revenues were $397 million, up 17% year over year and 11% from Q1 2025; adjusted net revenues were $405 million, up 14% year over year.
Diluted EPS was $2.38 versus $1.97 a year earlier; adjusted EPS was $2.95 versus $2.52.
Q1 2025 results included $25.4 million of tax benefits from restricted stock vesting, or $1.43 per diluted share.
Quarterly dividend increased to $0.70 per share, payable September 12, 2025, to holders of record as of August 29, 2025.
Piper Sandler reported first quarter 2025 results on May 2, 2025. Net revenues were $357.3 million, up 4% from a year earlier but down 26% from the fourth quarter of 2024, and diluted EPS was $3.65 on a U.S. GAAP basis, up 50% year over year. Results were held back by a $29.6 million investment loss, and the company also declared a $0.65 quarterly dividend.
Net revenues of $357.3 million rose 4% year over year and fell 26% from the fourth quarter of 2024.
Advisory services revenues of $216.8 million rose 38% year over year.
Diluted EPS was $3.65 (U.S. GAAP) and $4.09 (adjusted), versus $2.43 and $2.79 in the first quarter of 2024.
Board declared a $0.65 per share quarterly dividend, payable June 13, 2025 to holders of record on May 30, 2025.
Piper Sandler reported fourth-quarter and full-year 2024 results on January 31, 2025. Q4 net revenues were $484 million, up 3% from a year earlier, and full-year net revenues were $1.53 billion, up 13%. Full-year GAAP earnings per diluted share were $10.24, up 106%, and the board declared a $3.00 special dividend plus a $0.65 quarterly dividend, which shareholders will receive as higher payouts totaling $5.50 per share for fiscal 2024.
Q4 2024 net revenues of $484 million, up 35% from Q3 2024 and 3% from Q4 2023.
Q4 2024 GAAP net income attributable to the company of $69 million, or $3.86 per diluted share, up 29% from Q4 2023.
Full-year 2024 GAAP net revenues of $1.53 billion, up 13%, and GAAP earnings of $10.24 per diluted share, up 106%.
Special dividend of $3.00 and quarterly dividend of $0.65 per share, payable March 14, 2025, to holders of record as of March 4, 2025.
Piper Sandler reported third-quarter 2024 U.S. GAAP net revenues of $359.6 million, up 6% from the second quarter and 24% from the third quarter of 2023. Net income attributable to the company was $34.8 million, or $1.96 per diluted share, essentially flat from the prior quarter but up sharply from $0.22 a year earlier. The company also declared a quarterly dividend of $0.65 per share.
GAAP net revenues of $359.6 million, up 6% from Q2 2024 and 24% from Q3 2023
GAAP diluted EPS of $1.96 versus $1.97 in Q2 2024 and $0.22 in Q3 2023; adjusted diluted EPS of $2.57
GAAP pre-tax margin of 15.5%, up from 8.3% in Q2 2024; investment banking revenues fell 7% from Q2 2024
Quarterly dividend of $0.65 per share declared October 25, 2024, payable December 13, 2024 to holders of record on November 22, 2024
Piper Sandler Companies elected Ann C. Gallo as a director effective September 23, 2024, and increased the board from ten to eleven members. Gallo previously led the healthcare investment team at Wellington Management, and the company says the healthcare sector is a key area for its investment banking, public finance and research businesses.
Ann C. Gallo elected to the board effective September 23, 2024, with an initial term expiring at the 2025 annual meeting
Board size increased from ten to eleven directors
Gallo's director pay includes a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant and a pro-rated $100,000 annual equity grant
Committee assignments are expected to be decided in February 2025
Piper Sandler reported second-quarter 2024 net revenues of $339.2 million, up 17% from a year earlier but essentially flat from the first quarter. Net income attributable to shareholders was $34.8 million, or $1.97 per diluted share, compared with $2.43 in the first quarter, and the board raised the quarterly dividend 8% to $0.65 per share, which matters to shareholders because it increases the cash returned to them.
Net revenues were $339.2 million, up 17% from Q2 2023 and flat from Q1 2024; advisory services revenues were $183.9 million, up 42% from Q2 2023.
Diluted EPS was $1.97 on a U.S. GAAP basis versus $2.43 in Q1 2024; adjusted EPS was $2.52, up 123% from $1.13 in Q2 2023.
The quarterly cash dividend rises 8% to $0.65 per share, payable September 13, 2024 to shareholders of record as of August 29, 2024.
The pending acquisition of Aviditi Advisors, with about 45 professionals, is expected to close late in Q3 or early in Q4 2024.
Piper Sandler reported first-quarter 2024 net revenues of $343 million, up 15% from a year earlier but down 27% from the fourth quarter of 2023. Net income attributable to the company was $42.5 million, or $2.43 per diluted share, up 66% from the prior-year quarter. The board also declared a quarterly dividend of $0.60 per share, payable June 7, 2024.
Net revenues of $343 million, up 15% year over year and down 27% from the fourth quarter of 2023, driven by corporate investment banking
Net income attributable to Piper Sandler of $42.5 million, or $2.43 per diluted share, versus $1.49 a year earlier; adjusted diluted EPS was $2.79
Pre-tax margin of 15.3%, compared with 8.7% in the first quarter of 2023 and 18.2% in the fourth quarter of 2023
Quarterly dividend of $0.60 per share declared April 26, 2024, payable June 7, 2024 to holders of record on May 24, 2024
Piper Sandler reported fourth-quarter and full-year 2023 results on U.S. GAAP basis. Fourth-quarter net revenues of $471.9 million rose 21% from a year earlier, and diluted EPS of $3.00 compared with $2.25, while full-year net revenues of $1.35 billion fell 5% and diluted EPS of $4.96 fell 24% from $6.52. The company also declared a $1.00 special dividend and a $0.60 quarterly dividend, payable March 15, 2024.
Q4 2023 GAAP net revenues of $471.9 million, up 63% from Q3 2023 and up 21% from Q4 2022
Q4 2023 GAAP diluted EPS of $3.00; full-year 2023 GAAP diluted EPS of $4.96, down from $6.52 in 2022
Declared $1.00 special dividend and $0.60 quarterly dividend, payable March 15, 2024 to holders of record as of March 4, 2024
Kate Clune became chief financial officer effective January 1, 2024, succeeding Tim Carter
Piper Sandler reported third-quarter 2023 U.S. GAAP net revenues of $289.5 million, flat from the second quarter and down 13% from a year earlier. Net income applicable to the company was $3.9 million, or $0.22 per diluted share, after a $16.4 million expense tied to a potential SEC settlement over recordkeeping, and the company declared a $0.60 quarterly dividend. Adjusted EPS of $1.76 excludes that expense, so the GAAP figures are the more direct comparison for shareholders.
GAAP net revenues of $289.5 million were flat versus Q2 2023 and down 13% versus Q3 2022.
GAAP pre-tax loss of $3.5 million, a pre-tax margin of -1.2%, compared with pre-tax income of $14.4 million in Q2 2023.
$16.4 million of non-compensation expenses relate to a potential regulatory settlement with the SEC on business communications recordkeeping.
Quarterly dividend of $0.60 per share, payable December 8, 2023, to holders of record as of November 21, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Piper Sandler Companies filing is on SEC EDGAR ↗. 8-K briefs of other companies →