v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Investment banking $ 361,527 $ 280,994 $ 709,717 $ 557,258
Institutional brokerage 111,532 114,465 222,377 216,389
Interest income 9,104 7,947 20,750 17,910
Investment income/(loss) 14,091 (4,829) 18,555 (34,426)
Total revenues 496,254 398,577 971,399 757,131
Interest expense 739 1,799 1,475 3,081
Net revenues 495,515 396,778 969,924 754,050
Non-interest expenses        
Compensation and benefits 308,709 258,216 604,766 506,673
Occupancy and equipment 19,612 17,442 37,677 35,669
Outside services 16,776 20,920 30,493 36,391
Communications 15,885 14,944 30,795 30,385
Marketing and business development 15,883 13,869 31,034 28,742
Trade execution and clearance 5,414 4,701 10,451 9,875
Restructuring and integration costs 0 4,998 0 4,998
Intangible asset amortization 2,058 2,147 4,115 4,223
Other operating expenses 10,743 10,617 32,227 18,737
Total non-interest expenses 395,080 347,854 781,558 675,693
Income before income tax expense 100,435 48,924 188,366 78,357
Income tax expense 30,338 17,169 49,957 9,834
Net income 70,097 31,755 138,409 68,523
Net income/(loss) attributable to noncontrolling interests 2,252 (10,427) 5,322 (38,574)
Net income attributable to Piper Sandler Companies $ 67,845 $ 42,182 $ 133,087 $ 107,097
Earnings per common share (1)        
Basic $ 1.00 $ 0.63 [1] $ 1.96 $ 1.62 [1]
Diluted 0.95 0.59 [1] 1.87 1.51 [1]
Dividends declared per common share $ 0.20 $ 0.16 [1] $ 1.63 [1] $ 1.08 [1]
Weighted average number of common shares outstanding (1)        
Basic (in shares) 67,698 66,812 [1] 67,769 66,166 [1]
Diluted (in shares) 71,241 70,903 [1] 71,237 71,030 [1]
[1] Common shares and per common share information have been adjusted to reflect the four-for-one forward split of common stock, as discussed in Note 1.