Every material Form 8-K Piper Sandler Companies filed with the SEC in 2024, 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 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
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 →