Quarterly ResultMay 4, 2026, 09:31 AM
Oppenheimer Reports Q1 Net Loss of $20.6M; Revenue Up 21% to $445.1M
AI Summary
Oppenheimer Holdings Inc. reported a net loss of $20.6 million for Q1 2026, a significant decrease from a net income of $30.7 million in the prior year. Despite the loss, total revenue increased by 21.0% to $445.1 million, driven by strong growth in investment banking, commissions, and advisory fees. The company also announced an 11.1% increase in its quarterly dividend to $0.20 per common share.
Key Highlights
- Net loss attributable to Oppenheimer Holdings Inc. was $20.6 million, down 167.1% YoY.
- Total revenue increased 21.0% to $445.1 million, up from $367.8 million in 1Q-25.
- Investment banking revenue surged 105.2% to $97.7 million.
- The quarterly dividend was increased by 11.1% to $0.20 per common share.
- Adjusted basic EPS (non-GAAP) was $4.46 for Q1 2026.
- Client assets under administration reached $139.8 billion as of March 31, 2026.
- Stockholders' equity stood at $952.4 million as of March 31, 2026.