v3.26.1
Business Segment and Revenues Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reportable Segment Financial Results
The components of net revenues are as follows:
Three Months EndedSix Months Ended
June 30,June 30,
(Amounts in thousands)2026202520262025
Revenues
Revenues from contracts with customers:
Investment banking:
Advisory services$274,211 $204,841 $525,173 $421,641 
Corporate financing37,805 34,246 111,120 67,307 
Municipal financing49,511 41,907 73,424 68,310 
Total investment banking361,527 280,994 709,717 557,258 
Institutional brokerage:
Equity brokerage62,907 58,083 123,377 112,337 
Fixed income services48,625 56,382 99,000 104,052 
Total institutional brokerage111,532 114,465 222,377 216,389 
Total revenues from contracts with customers473,059 395,459 932,094 773,647 
Interest income9,104 7,947 20,750 17,910 
Investment income/(loss)14,091 (4,829)18,555 (34,426)
Total revenues496,254 398,577 971,399 757,131 
Interest expense739 1,799 1,475 3,081 
Net revenues$495,515 $396,778 $969,924 $754,050