Earnings ·
Reports Q3 EPS of $0.78; declares quarterly dividend of $0.20 per share and authorizes $200M buyback
PIPRPiper Sandler Companies
Piper Sandler Companies reported third-quarter net income attributable to shareholders of $55 million, or $0.78 per diluted common share, a decrease from $60.3 million in the prior-year period. Net revenues fell 8% year-over-year to $443 million, driven by lower municipal financing and equity brokerage activity, though advisory services revenues grew 18%. The company also declared a quarterly cash dividend of $0.20 per share, payable on December 11, 2026, to shareholders of record as of November 24, 2026. Additionally, the Board authorized a new $200 million share repurchase program effective immediately and expiring in December 2028. Piper Sandler Companies operates as an investment bank providing securities brokerage and investment banking services.