v3.26.3
Business Segment and Revenues Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Reportable Segment Financial Results
The components of net revenues are as follows:
Three Months EndedNine Months Ended
September 30,September 30,
(Amounts in thousands)2026202520262025
Revenues
Revenues from contracts with customers:
Investment banking:
Advisory services$250,258 $211,544 $775,431 $633,185 
Corporate financing56,629 79,301 167,749 146,608 
Municipal financing24,793 38,501 98,217 106,811 
Total investment banking331,680 329,346 1,041,397 886,604 
Institutional brokerage:
Equity brokerage54,498 53,750 177,875 166,087 
Fixed income services59,778 56,982 158,778 161,034 
Total institutional brokerage114,276 110,732 336,653 327,121 
Total revenues from contracts with customers445,956 440,078 1,378,050 1,213,725 
Interest income11,241 9,374 31,991 27,284 
Investment income/(loss)(13,545)30,642 5,010 (3,784)
Total revenues443,652 480,094 1,415,051 1,237,225 
Interest expense605 818 2,080 3,899 
Net revenues$443,047 $479,276 $1,412,971 $1,233,326