Oppenheimer Holdings (OPY) FY 2025 Annual General Meeting May 05, 2025 04:30 PM ET Speaker0 Hello, and welcome to the Annual Meeting of Stockholders of Oppenheimer Holdings Incorporated. During the meeting, you can submit questions or comments at any time. If you are a Class B shareholder, you may enter a question or comment at any time by clicking on the q and a icon. If you are a Class A shareholder and have a question, you may e mail that question to infopco dot com. It is now my pleasure to turn today's ...

Financial Performance - The Company reported net income of $30.7 million or $2.93 basic earnings per share for Q1 2025, compared to net income of $26.1 million or $2.50 per share for Q1 2024, representing a 17.7% increase in net income [183]. - Revenue for Q1 2025 was $367.8 million, an increase of 4.2% from $353.1 million in Q1 2024 [183]. - Wealth Management revenue was $242.0 million, a 1.7% increase year-over-year, while pre-tax income decreased by 10.5% to $67.9 million [188]. - Capital Markets revenue increased by 10.0% to $123.3 million, despite challenging market conditions [187]. - Revenue for Q1 2025 was $241.986 million, a 1.7% increase from $237.961 million in Q1 2024 [189]. - Advisory fee revenue increased by 12.2% to $128.792 million, driven by higher assets under management (AUM) during the billing period [191]. - Pre-tax income decreased by 10.5% to $67.864 million, resulting in a pre-tax margin of 28.0%, down from 31.8% [189]. Assets Management - Assets under management (AUM) totaled $48.9 billion as of March 31, 2025, up 4.9% from $46.6 billion a year earlier [184]. - Assets under administration (AUA) reached $129.9 billion, a 4.0% increase from $124.9 billion in the previous year [184]. - Assets under administration increased by 4.0% to $129.9 billion, while assets under management rose by 4.9% to $48.9 billion [189]. Expenses - Total expenses rose by 7.4% to $174.122 million, with compensation expenses increasing by 3.5% and non-compensation expenses rising by 16.9% [189]. - Compensation expenses rose by 2.4% to $227.1 million, driven by inflationary pressures on wages [184]. - Non-compensation expenses increased by 5.7% to $99.4 million, primarily due to higher interest and technology-related costs [184]. Strategic Focus - The Company is focused on expanding its wealth management business through strategic hiring and targeted acquisitions [173]. - The Company aims to improve its technology platform to enhance client service and remain competitive while managing expenses [174]. Financing and Loans - The company had an outstanding bank call loan balance of $439.6 million as of March 31, 2025, compared to $252.1 million at December 31, 2024 [200]. - As of March 31, 2025, the company had $359.5 million in bank call loans, an increase from $252.1 million at December 31, 2024 [207]. - The average daily bank loan outstanding for the three months ended March 31, 2025, was $277.3 million, compared to $57.8 million for the same period in 2024 [207]. - Securities loan balances totaled $360.9 million as of March 31, 2025, up from $235.5 million at December 31, 2024 [208]. - The average daily securities loan balances for the three months ended March 31, 2025, were $359.2 million, compared to $303.4 million for the same period in 2024 [208]. - The gross balances of reverse repurchase agreements and repurchase agreements were $292.9 million and $1,159.3 million, respectively, as of March 31, 2025 [211]. - The average daily balance of reverse repurchase agreements was $370.5 million for the three months ended March 31, 2025, compared to $122.9 million for the same period in 2024 [211]. - Cash provided by financing activities for the three months ended March 31, 2025, was $95,645 thousand, an increase from $78,132 thousand in 2024 [217]. - The company has $171.5 million in operating lease obligations, with an estimated cash requirement of $8.8 million for interest expense for the remainder of 2025 [216]. Regulatory Compliance - As of March 31, 2025, all active regulated subsidiaries had net capital in excess of minimum requirements [231]. - The SEC's new rule amendments will require the company to perform daily computations of net cash owed to customers starting December 31, 2025, potentially increasing staffing levels [232].

Exhibit 99.1 Oppenheimer Holdings Inc. Reports First Quarter 2025 Earnings New York, April 25, 2025 – Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $30.7 million or $2.93 basic earnings per share for the first quarter of 2025, compared with net income of $26.1 million or $2.50 basic earnings per share for the first quarter of 2024. Revenue for the first quarter of 2025 was $367.8 million, an increase of 4.2%, compared to revenue of $353.1 million for the first ...

NEW YORK, April 25, 2025 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $30.7 million or $2.93 basic earnings per share for the first quarter of 2025, compared with net income of $26.1 million or $2.50 basic earnings per share for the first quarter of 2024. Revenue for the first quarter of 2025 was $367.8 million, an increase of 4.2%, compared to revenue of $353.1 million for the first quarter of 2024. Albert G. Lowenthal, Chairman and CEO comment ...

SAN DIEGO, April 2, 2025 /PRNewswire/ -- Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs (the "Company" or "Regulus"), today announced that Jay Hagan, CEO, will participate in a presentation at the 2025 Oppenheimer Innovation on the Island Biotech Summit on Wednesday, April 9th at 11:32 a.m. ET.The live event and replay of the presentation will be available under "Events and Presentations" through the ...

Core Insights - Oppenheimer & Co. Inc. has appointed Ranjot Singh as a Managing Director in its Technology Investment Banking Group, enhancing its advisory capabilities in the technology sector [1][2] Company Overview - Oppenheimer & Co. Inc. is a principal subsidiary of Oppenheimer Holdings Inc. and provides a comprehensive range of wealth management, securities brokerage, and investment banking services to high net-worth individuals, families, corporate executives, local governments, businesses, and institutions [5] Leadership and Expertise - Ranjot Singh brings over 16 years of experience in investment banking, having previously worked at Guggenheim Securities, Barclays Capital, and Lehman Brothers, and has executed over $90 billion in M&A transactions [2] - The Technology Investment Banking group at Oppenheimer now consists of 18 senior bankers with extensive expertise across more than 10 sub-sectors of the technology landscape [4] Strategic Vision - Singh emphasized the importance of technology companies in driving global economic growth and expressed enthusiasm about joining Oppenheimer's dedicated team to support client success [3]

Core Insights - GBI has integrated its platform with Oppenheimer & Co. Inc., allowing Oppenheimer's clients to invest in physical precious metals like gold and silver [1][2][3] - This integration enhances Oppenheimer's wealth management services by providing clients with access to alternative investments [2][3] - GBI, founded in 2009, manages over $4 billion in assets and offers a comprehensive solution for buying, selling, storing, and delivering precious metals [4] Company Overview - GBI is recognized as a leading institutional platform for physical precious metals investments, focusing on security, transparency, and liquidity [4] - Oppenheimer & Co. Inc. provides a range of financial services, including wealth management and investment banking, targeting high-net-worth individuals and institutions [6]

LONDON, March 12, 2025 /PRNewswire/ -- Oppenheimer Europe (Oppenheimer) — a subsidiary of Oppenheimer Holdings, the leading investment bank and wealth manager (NYSE: OPY) — announced today a significant expansion to its European investment banking team with the addition of three highly experienced senior investment bankers in London. They join the firm from boutique Hannam & Partners and will report to Max Lami, CEO of Oppenheimer European business.The team includes Ernest Bell, Managing Director, European ...

NEW YORK, March 10, 2025 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced a significant appointment within its Investment Banking management team. Gilbert Dychiao, Managing Director and Head of the Financial Institutions Group, will now also serve as Co-Head of Investment Banking. In this role, Dychiao will expand his managerial scope to include oversight of several investment banking industry v ...

Core Insights - Albert Anthony is a Croatian-American media personality who has gained over 1,000 followers on investor platforms since 2023, focusing on markets and stocks [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing series of articles on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in the IT department of a top-10 financial firm [1] Company Overview - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, and is wholly owned by Albert Anthony [1] - The company does not provide personalized financial advisory services but offers general market commentary based on publicly available data [1] Investment Focus - Albert Anthony has launched the Future Investor Fund, which aims to build a dividend portfolio [1] - The brand emphasizes a focus on dividend income as a key investment strategy [1]