XML 52 R33.htm IDEA: XBRL DOCUMENT v3.25.4
Quarterly Information (unaudited)
 12 Months Ended
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 expense1,282 1,799 818 942 
Net revenues357,272 396,778 479,276 666,050 
Total non-interest expenses327,839 347,854 371,849 477,287 
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
Basic16,378 16,703 16,716 16,829 
Diluted17,788 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 expense1,383 1,665 1,356 1,277 
Net revenues343,056 339,179 359,572 484,107 
Total non-interest expenses290,634 310,933 303,957 401,978 
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
Basic15,499 15,879 15,921 16,052 
Diluted17,504 17,633 17,769 17,870