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AI brief of an SEC Form 8-K · Piper Sandler Companies (PIPR)

Piper Sandler Q4 2023 net revenues rise 21% to $472 million; full-year EPS falls 24%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyPiper Sandler Companies (PIPR)
Form8-K, current report
Filed with the SECFeb 2, 2024, 8:01 AM ET
Accession number0001230245-24-000014

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.