Piper Sandler Q1 net revenues rise 15% to $343 million; diluted EPS $2.43
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits 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 April 26, 2024.
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.