Earnings ·
Reports Q3 net income of $5.5M or $0.52 per share as revenue falls 10% to $382M
OPYOppenheimer Holdings Inc
Oppenheimer Holdings Inc. reported third-quarter 2026 net income of $5.5 million, or $0.52 basic earnings per share, a sharp decline from $21.7 million in the prior-year period. Revenue fell 10% to $382.0 million, driven by lower investment banking volumes and reduced retail trading activity. The results were significantly impacted by a $21.0 million pre-tax expense related to stock appreciation rights tied to the company's rising share price. Adjusted net income was $20.9 million, or $1.96 per share. Additionally, the Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on November 27, 2026, to shareholders of record on November 13, 2026. Oppenheimer Holdings Inc. operates as a middle-market investment bank and full-service broker-dealer in the financial services industry.