Piper Sandler Companies
NYSE:PIPR

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Piper Sandler Companies Logo
Piper Sandler Companies
NYSE:PIPR
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Price: 348.32 USD -1.47% Market Closed
Market Cap: 6.2B USD

Piper Sandler Companies
Investor Relations

Piper Sandler Companies has carved out a distinctive niche in the financial landscape as a leading investment bank and institutional securities firm. With its roots tracing back to 1895, this Minneapolis-headquartered company has built a robust reputation through decades of adapting to economic cycles and market shifts. Piper Sandler specializes in providing investment banking, equity research, public finance, and fixed income services aimed at facilitating complex transactions for its clients. Its clientele comprises corporations, institutional investors, public entities, and nonprofits, all of which rely on Piper Sandler's deep industry expertise and bespoke advisory services to navigate the intricate world of finance and make strategic, informed decisions.

The way Piper Sandler generates revenue is multifaceted, reflecting the breadth of its services. Its investment banking operations, which include financial advisory and underwriting services, play a pivotal role in its financial success. Fees from advising on mergers and acquisitions, restructuring, and equity and debt offerings contribute significantly to the company's income. Additionally, the institutional brokerage segment, which provides access to research, trading, and market-making services, serves as a steady income stream through commissions and trading profits. By leveraging its extensive networks and experienced teams, Piper Sandler successfully capitalizes on market opportunities, demonstrating resilience and innovation in a competitive industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 31, 2025
AI Summary
Q3 2025

Strong Quarter: Piper Sandler delivered higher net revenue, operating margin, and EPS versus last year, with net revenue of $455 million and EPS of $3.82.

Deal Activity: Corporate investment banking revenue grew significantly, driven by robust M&A and financing activity in financial services and health care.

Momentum: Company has achieved 8 consecutive quarters of year-over-year growth and enters Q4 with strong pipelines and positive momentum.

Guidance: Management expects Q4 advisory revenues to be similar to last year and Q4 corporate financing revenues to moderate from Q3’s peak.

Expense Discipline: Compensation and non-compensation ratios improved, with operating margin at 21.2% for the quarter.

Capital Return: $16 million was returned to shareholders this quarter, with a $0.70 per share dividend approved.

Key Financials
Net Revenue
$455 million
Operating Margin
21.2%
Operating Income
$96 million
Net Income
$69 million
Diluted EPS
$3.82
Compensation Ratio
61.7%
Non-Compensation Expenses
$65 million
Income Tax Rate
28.8%
Corporate Investment Banking Revenue
$292 million
Advisory Revenue
$212 million
Corporate Financing Revenue
$80 million
Municipal Financing Revenue
$39 million
Equity Brokerage Revenue
$54 million
Fixed Income Revenue
$56 million
Municipal Negotiated Transactions
133
Amount Raised in Corporate Financings
$14 billion
Number of Corporate Financings
38
Returned to Shareholders (Quarter)
$16 million
Quarterly Dividend per Share
$0.70
Managing Directors in Investment Banking
183
Earnings Call Recording
Other Earnings Calls

Management

Mr. Chad R. Abraham
Chairman & CEO
No Bio Available
Mr. Jonathan Jay Doyle
Senior Managing Principal, Head of Financial Services Group & Vice Chairman
No Bio Available
Mr. James P. Baker
Global Co-Head of Investment Banking & Capital Markets
No Bio Available
Ms. Katherine Patricia Clune
Chief Financial Officer
No Bio Available
Mr. Shawn Quant
MD and Chief Information & Operations Officer
No Bio Available
Mr. Michael Jared Kantrowitz C.F.A.
Chief Investment Strategist & Head of Portfolio Strategies
No Bio Available
Mr. John W. Geelan
General Counsel & Secretary
No Bio Available
Ms. Christine N. Esckilsen
Chief Human Capital Officer & MD
No Bio Available
Mr. Thomas Patrick Schnettler J.D.
Vice Chairman & MD of Merchant Banking Group
No Bio Available

Contacts

Address
MINNESOTA
Minneapolis
800 Nicollet Mall, Suite 900, Mail Stop J09s02
Contacts
+16123036000.0
www.pipersandler.com