Quarterly ResultMay 7, 2026, 12:44 PM
Piper Sandler Q1 Revenue $475.1M, Dividend $1.43; Stock Split Adjusted
AI Summary
Piper Sandler Companies reported a significant increase in total revenues for the first quarter of 2026, reaching $475.1 million, a 32.5% rise year-over-year. Net income attributable to the company saw a modest increase to $65.2 million, while diluted EPS also slightly improved. The company also declared a substantially higher dividend of $1.43 per common share. All share and per share amounts have been retrospectively adjusted to reflect a four-for-one forward stock split effected on March 23, 2026.
Key Highlights
- Total revenues increased 32.5% to $475.1 million for Q1 2026.
- Investment banking revenues rose 26.0% to $348.2 million.
- Institutional brokerage revenues grew 8.7% to $110.8 million.
- Net income attributable to Piper Sandler Companies was $65.2 million, up 0.5% year-over-year.
- Diluted earnings per common share increased 1.1% to $0.92.
- Dividends declared per common share surged 57.1% to $1.43.
- A four-for-one forward stock split was effected on March 23, 2026, with all figures adjusted.
- Cash and cash equivalents decreased to $344.4 million from $809.4 million at year-end 2025.