PIPR— PIPER SANDLER COMPANIES

FinancialsFinancial Services$5.3B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Investment banking	$1.40B+26.8%	$1.11B+19.6%	$923.8M-8.5%	$1.01B
Institutional brokerage	$433.2M+7.9%	$401.4M+6.3%	$377.5M-6.8%	$405.3M
Interest income	$36.9M+12.1%	$32.9M+23.1%	$26.7M+31.2%	$20.4M
Investment income/(loss)	$33.2M+521.4%	-$7.9M-126.3%	$30.0M+130704.3%	-$23K
Total revenues	$1.90B+24.3%	$1.53B+12.8%	$1.36B-5.4%	$1.44B
Interest expense	$4.8M-14.8%	$5.7M-44.0%	$10.1M+7.0%	$9.5M
Net revenues	$1.90B+24.5%	$1.53B+13.2%	$1.35B-5.4%	$1.43B
Compensation and benefits	$1.19B+18.1%	$1.00B+11.9%	$897.0M-8.8%	$983.5M
Outside services	$58.7M+5.2%	$55.8M+7.7%	$51.8M-2.7%	$53.2M
Occupancy and equipment	$73.5M+10.4%	$66.5M+3.4%	$64.4M+0.2%	$64.3M
Communications	$56.2M+2.4%	$54.9M+4.2%	$52.7M+4.3%	$50.6M
Marketing and business development	$47.2M+11.7%	$42.2M+11.9%	$37.7M-11.9%	$42.8M
Deal-related expenses	$43.5M+42.6%	$30.5M+8.2%	$28.2M-11.6%	$31.9M
Trade execution and clearance	$19.6M-1.2%	$19.8M-0.7%	$20.0M-1.1%	$20.2M
Restructuring and integration costs	$6.1M+137.6%	$2.6M-66.6%	$7.7M-32.3%	$11.4M
Intangible asset amortization	$10.0M-2.8%	$10.3M-47.1%	$19.4M+26.4%	$15.4M
Other operating expenses	$23.7M+14.4%	$20.7M-55.5%	$46.4M+157.7%	$18.0M
Total non-interest expenses	$1.52B+16.6%	$1.31B+6.7%	$1.23B-5.1%	$1.29B
Income before income tax expense	$374.5M+71.5%	$218.4M+78.2%	$122.6M-8.8%	$134.4M
Income tax expense	$80.6M+32.2%	$61.0M+158.2%	$23.6M-28.9%	$33.2M
Net income	$294.0M+86.7%	$157.4M+59.1%	$99.0M-2.2%	$101.2M
Net income/(loss) attributable to noncontrolling interests	$12.6M+153.4%	-$23.7M-275.6%	$13.5M+242.0%	-$9.5M
Net income attributable to Piper Sandler Companies	$281.3M+55.3%	$181.1M+111.9%	$85.5M-22.8%	$110.7M
Dividends declared per common share	$5.70+62.9%	$3.50-4.1%	$3.65-47.1%	$6.90
Basic (in shares)	16.7M+5.2%	15.8M+5.9%	15.0M+7.0%	14.0M
Diluted (in shares)	17.8M+0.5%	17.7M+2.7%	17.2M+1.5%	17.0M

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.