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Parent Company Only | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Parent Company Only | PARENT COMPANY ONLY Condensed Statements of Financial Condition
| December 31, |  | December 31,
(Amounts in thousands) | 2025 |  | 2024
Assets |  |  |
Cash and cash equivalents | $ | 2 |  |  | $ | 1 |
Investment in and advances to subsidiaries | 1,398,188 |  |  | 1,218,689 |
Other assets | 74,386 |  |  | 73,389 |
Total assets | $ | 1,472,576 |  |  | $ | 1,292,079 |
Liabilities and Shareholders' Equity |  |  |
Short-term financing | $ | 15,000 |  |  | $ | 10,000 |
Accrued compensation | 82,235 |  |  | 51,180 |
Other liabilities and accrued expenses | 4,334 |  |  | 3,069 |
Total liabilities | 101,569 |  |  | 64,249 |
Shareholders' equity | 1,371,007 |  |  | 1,227,830 |
Total liabilities and shareholders' equity | $ | 1,472,576 |  |  | $ | 1,292,079 |
Condensed Statements of Operations
| Year Ended December 31,
(Amounts in thousands) | 2025 |  | 2024 |  | 2023
Revenues |  |  |  |  |
Dividends from subsidiaries | $ | 207,000 |  |  | $ | 149,725 |  |  | $ | 118,934 |
Interest income | 6,227 |  |  | 2,988 |  |  | 917 |
Investment income | 4,978 |  |  | 3,263 |  |  | 1,823 |
Total revenues | 218,205 |  |  | 155,976 |  |  | 121,674 |
Interest expense | 1,383 |  |  | 958 |  |  | 6,083 |
Net revenues | 216,822 |  |  | 155,018 |  |  | 115,591 |
Total non-interest expenses | 7,411 |  |  | 6,401 |  |  | 6,319 |
Income before income tax expense and equity in income of subsidiaries | 209,411 |  |  | 148,617 |  |  | 109,272 |
Income tax expense | 55,494 |  |  | 38,641 |  |  | 28,957 |
Income of parent company | 153,917 |  |  | 109,976 |  |  | 80,315 |
Equity in undistributed income of subsidiaries | 127,414 |  |  | 71,138 |  |  | 5,176 |
Net income attributable to Piper Sandler Companies | $ | 281,331 |  |  | $ | 181,114 |  |  | $ | 85,491 |
Condensed Statements of Cash Flows
| Year Ended December 31,
(Amounts in thousands) | 2025 |  | 2024 |  | 2023
Operating Activities |  |  |  |  |
Net income | $ | 281,331 |  |  | $ | 181,114 |  |  | $ | 85,491 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Stock-based compensation | 1,318 |  |  | 1,080 |  |  | 1,168 |
Equity in undistributed income of subsidiaries | (127,414) |  |  | (71,138) |  |  | (5,176) |
Net cash provided by operating activities | 155,235 |  |  | 111,056 |  |  | 81,483 |
Financing Activities |  |  |  |  |
Net change in short-term financing | 5,000 |  |  | (20,000) |  |  | 30,000 |
Repayment of long-term financing | — |  |  | — |  |  | (125,000) |
Advances from subsidiaries | 74,708 |  |  | 48,205 |  |  | 168,541 |
Payment of cash dividends | (114,146) |  |  | (73,726) |  |  | (84,444) |
Repurchase of common stock | (125,043) |  |  | (66,426) |  |  | (70,680) |
Proceeds from stock option exercises | 4,247 |  |  | 792 |  |  | — |
Net cash used in financing activities | (155,234) |  |  | (111,155) |  |  | (81,583) |
Net change in cash and cash equivalents | 1 |  |  | (99) |  |  | (100) |
Cash and cash equivalents at beginning of year | 1 |  |  | 100 |  |  | 200 |
Cash and cash equivalents at end of year | $ | 2 |  |  | $ | 1 |  |  | $ | 100 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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