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v3.25.4

Quarterly Information (unaudited) | 12 Months Ended
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Dec. 31, 2025
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Information (unaudited) |
| 2025 Fiscal Quarter
(Amounts in thousands, except per share data) | First |  | Second |  | Third |  | Fourth
Total revenues | $ | 358,554 |  |  | $ | 398,577 |  |  | $ | 480,094 |  |  | $ | 666,992 |
Interest expense | 1,282 |  |  | 1,799 |  |  | 818 |  |  | 942 |
Net revenues | 357,272 |  |  | 396,778 |  |  | 479,276 |  |  | 666,050 |
Total non-interest expenses | 327,839 |  |  | 347,854 |  |  | 371,849 |  |  | 477,287 |
Income before income tax expense/(benefit) | 29,433 |  |  | 48,924 |  |  | 107,427 |  |  | 188,763 |
Income tax expense/(benefit) | (7,335) |  |  | 17,169 |  |  | 24,949 |  |  | 45,799 |
Net income | 36,768 |  |  | 31,755 |  |  | 82,478 |  |  | 142,964 |
Net income/(loss) attributable to noncontrolling interests | (28,147) |  |  | (10,427) |  |  | 22,212 |  |  | 28,996 |
Net income attributable to Piper Sandler Companies | $ | 64,915 |  |  | $ | 42,182 |  |  | $ | 60,266 |  |  | $ | 113,968 |
Earnings per common share |  |  |  |  |  |  |
Basic | $ | 3.96 |  |  | $ | 2.53 |  |  | $ | 3.61 |  |  | $ | 6.77 |
Diluted | $ | 3.65 |  |  | $ | 2.38 |  |  | $ | 3.38 |  |  | $ | 6.40 |
Dividends declared per common share | $ | 3.65 |  |  | $ | 0.65 |  |  | $ | 0.70 |  |  | $ | 0.70 |
Weighted average number of common shares outstanding |  |  |  |  |  |  |
Basic | 16,378 |  |  | 16,703 |  |  | 16,716 |  |  | 16,829 |
Diluted | 17,788 |  |  | 17,726 |  |  | 17,808 |  |  | 17,813 |
| 2024 Fiscal Quarter
(Amounts in thousands, except per share data) | First |  | Second |  | Third |  | Fourth
Total revenues | $ | 344,439 |  |  | $ | 340,844 |  |  | $ | 360,928 |  |  | $ | 485,384 |
Interest expense | 1,383 |  |  | 1,665 |  |  | 1,356 |  |  | 1,277 |
Net revenues | 343,056 |  |  | 339,179 |  |  | 359,572 |  |  | 484,107 |
Total non-interest expenses | 290,634 |  |  | 310,933 |  |  | 303,957 |  |  | 401,978 |
Income before income tax expense | 52,422 |  |  | 28,246 |  |  | 55,615 |  |  | 82,129 |
Income tax expense | 2,844 |  |  | 13,276 |  |  | 15,225 |  |  | 29,627 |
Net income | 49,578 |  |  | 14,970 |  |  | 40,390 |  |  | 52,502 |
Net income/(loss) attributable to noncontrolling interests | 7,085 |  |  | (19,803) |  |  | 5,601 |  |  | (16,557) |
Net income attributable to Piper Sandler Companies | $ | 42,493 |  |  | $ | 34,773 |  |  | $ | 34,789 |  |  | $ | 69,059 |
Earnings per common share |  |  |  |  |  |  |
Basic | $ | 2.74 |  |  | $ | 2.19 |  |  | $ | 2.19 |  |  | $ | 4.30 |
Diluted | $ | 2.43 |  |  | $ | 1.97 |  |  | $ | 1.96 |  |  | $ | 3.86 |
Dividends declared per common share | $ | 1.60 |  |  | $ | 0.60 |  |  | $ | 0.65 |  |  | $ | 0.65 |
Weighted average number of common shares outstanding |  |  |  |  |  |  |
Basic | 15,499 |  |  | 15,879 |  |  | 15,921 |  |  | 16,052 |
Diluted | 17,504 |  |  | 17,633 |  |  | 17,769 |  |  | 17,870 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/270/tableOfContent + Details
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