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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Computation of Earnings per Share | The computation of EPS is as follows:
|  |  | Year Ended December 31,
(Amounts in thousands, except per share data) |  |  |  |  | 2025 |  | 2024 |  | 2023
Net income attributable to Piper Sandler Companies |  |  |  |  | $ | 281,331 |  |  | $ | 181,114 |  |  | $ | 85,491 |
Shares for basic and diluted calculations |  |  |  |  |  |  |  |  |
Average shares used in basic computation |  |  |  |  | 16,658 |  |  | 15,838 |  |  | 14,958 |
Stock options |  |  |  |  | 60 |  |  | 55 |  |  | 25 |
Restricted stock units |  |  |  |  | 153 |  |  | 184 |  |  | 163 |
Restricted shares |  |  |  |  | 914 |  |  | 1,617 |  |  | 2,079 |
Average shares used in diluted computation |  |  |  |  | 17,785 |  |  | 17,695 |  |  | 17,224 |
Earnings per common share |  |  |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 16.89 |  |  | $ | 11.44 |  |  | $ | 5.72 |
Diluted |  |  |  |  | $ | 15.82 |  |  | $ | 10.24 |  |  | $ | 4.96 |
Schedule of Earnings Per Share, Basic and Diluted Pro Forma | The unaudited proforma computation of EPS on a post-split basis is as follows:
|  |  | Year Ended December 31,
(Amounts in thousands, except per share data) |  |  |  |  | 2025 |  | 2024 |  | 2023
Net income attributable to Piper Sandler Companies, as reported |  |  |  |  | $ | 281,331 |  |  | $ | 181,114 |  |  | $ | 85,491 |
Proforma shares for basic and diluted calculations |  |  |  |  |  |  |  |  |
Proforma average shares used in basic computation |  |  |  |  | 66,632 |  |  | 63,354 |  |  | 59,830 |
Proforma stock options |  |  |  |  | 239 |  |  | 221 |  |  | 99 |
Proforma restricted stock units |  |  |  |  | 614 |  |  | 736 |  |  | 651 |
Proforma restricted shares |  |  |  |  | 3,655 |  |  | 6,469 |  |  | 8,316 |
Proforma average shares used in diluted computation |  |  |  |  | 71,140 |  |  | 70,780 |  |  | 68,896 |
Proforma earnings per common share |  |  |  |  |  |  |  |  |
Proforma basic |  |  |  |  | $ | 4.22 |  |  | $ | 2.86 |  |  | $ | 1.43 |
Proforma diluted |  |  |  |  | $ | 3.95 |  |  | $ | 2.56 |  |  | $ | 1.24 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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