v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE ("EPS")
Basic earnings per common share is computed by dividing net income attributable to Piper Sandler Companies by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by adjusting the weighted average outstanding shares to assume conversion of all potentially dilutive stock options, restricted stock units and restricted shares. The Company uses the treasury stock method to calculate diluted earnings per common share.

The computation of EPS, adjusted to reflect the impact of the Stock Split, is as follows:
Three Months EndedSix Months Ended
June 30,June 30,
(Amounts in thousands, except per share data)2026202520262025
Net income attributable to Piper Sandler Companies
$67,845 $42,182 $133,087 $107,097 
Shares for basic and diluted calculations
Average shares used in basic computation67,698 66,812 67,769 66,166 
Stock options198 205 201 235 
Restricted stock units538 580 483 567 
Restricted shares2,807 3,305 2,784 4,062 
Average shares used in diluted computation71,241 70,903 71,237 71,030 
Earnings per common share
Basic$1.00 $0.63 $1.96 $1.62 
Diluted$0.95 $0.59 $1.87 $1.51 
The anti-dilutive effects from restricted shares were immaterial for the three and six months ended June 30, 2026 and 2025.