MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, will release its fourth quarter and full year 2023 financial results prior to the opening of the market on Friday, February 2, 2024. The earnings release will be available at the company’s website at pipersandler.com/earnings. The company will hold a conference call at 9 a.m. ET (8 a.m. CT) that same day to discuss the financial results. Chad Abraham, chairman and chief executive officer; Deb Schoneman, president ...

MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that effective January 1, 2024, Kate Clune became chief financial officer (CFO) at Piper Sandler. The firm previously announced in September that Clune would be assuming the CFO role from Tim Carter, who will remain with the firm through April to assist with the transition. Clune will oversee all financial operations of Piper Sandler, including leading the investor relations team. She will report ...

For the Quarterly Period Ended September 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31720 PIPER SANDLER COMPANIES (Exact Name of Registrant as specified in its Charter) (State or Other Jurisdiction of Incorp ...

Financial Data and Key Metrics Changes - The company generated adjusted net revenues of $306 million for Q3 2023, up 10% from the prior quarter but down 9% year-over-year [39] - Operating income for Q3 2023 was $47 million, with an operating margin of 15.3% [18] - For the first nine months of 2023, net revenues totaled $873 million, down 16% year-over-year [16] Business Line Data and Key Metrics Changes - Corporate investment banking revenues reached $192 million in Q3 2023, marking the best quarter of the year, with M&A and debt capital raises showing sequential increases [5] - Advisory services accounted for 50% of adjusted net revenues in Q3 2023, with revenues of $155 million reflecting a moderate improvement in M&A and debt markets [6][31] - The public finance business generated $20 million in municipal financing revenues, up modestly compared to Q2 2023 [36] - Equity brokerage revenues were flat at $50 million compared to Q2 2023, with trading volumes down 3% sequentially [37] Market Data and Key Metrics Changes - The company maintained its number one rank in US bank M&A transactions for the first nine months of 2023, advising on seven of the ten largest completed deals [7] - Economic fees from sub $5 billion market cap companies increased approximately 88% year-over-year, compared to a 26% increase in the fee pool for this market [9] Company Strategy and Development Direction - The company is focused on scaling industry groups, expanding reach and share, increasing transaction fee size, and adding new managing directors and verticals to its platform [35] - The outlook for advisory activity is positive, with expectations for sequential improvement in Q4 2023 [8] Management's Comments on Operating Environment and Future Outlook - Management noted that market conditions remain challenging, but there is optimism for a gradual recovery in M&A activity [30][78] - The company expects the fourth quarter to be historically strong, with several large announced deals anticipated to close by year-end [8] Other Important Information - The company returned an aggregate of $14 million to shareholders in Q3 2023, primarily through cash dividends [19] - A senior executive transition was announced, with Tim Carter retiring and Kate Clune set to succeed him as CFO [10] Q&A Session Summary Question: Advisory outlook and sponsor activity - Management indicated that while there is interest in transactions, activity from sponsors is likely to remain subdued in the near term [44][45] Question: Muni underwriting and market conditions - Management noted that higher rates could limit new project financing, impacting overall volumes [48][70] Question: Restructuring business growth - The restructuring business has seen growth, with revenues increasing each year from a low base [80] Question: Hiring trajectory for managing directors - Management expects to maintain a steady pace of hiring, focusing on productivity and performance [56] Question: Timeline for M&A recovery - Management anticipates a slow recovery in M&A activity, with visibility into Q4 and early next year [78]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31720 PIPER SANDLER COMPANIES UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR (Exact Name of Registrant as specified in its Charter) (State or Other Jurisdiction of Incorporati ...

Piper Sandler Companies (NYSE:PIPR) Q2 2023 Earnings Call Transcript July 28, 2023 9:00 AM ET Company Participants Chad Abraham - Chairman and Chief Executive Officer Deb Schoneman - President Tim Carter - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Mike Grondahl - Northland Securities Operator Good morning, and welcome to the Piper Sandler Companies' Conference Call to discuss the Financial Results for the Seco ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31720 PIPER SANDLER COMPANIES (Exact Name of Registrant as specified in its Charter) (State or Other Jurisdiction of Incorporat ...

Piper Sandler Companies (NYSE:PIPR) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET Company Participants Chad Abraham - Chairman and Chief Executive Officer Deb Schoneman - President Tim Carter - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Mike Grondahl - Northland Securities Operator Good morning, and welcome to the Piper Sandler Companies' conference call to discuss the financial results for the first ...

Cautionary notice regarding forward-looking statements These reports are available at our Website at www.pipersandler.com and at the SEC Website at www.sec.gov. Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Author ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 Commission File No. 001-31720 PIPER SANDLER COMPANIES (Exact Name of Registrant as specified in its Charter) Delaware 30-0168701 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 800 Nicollet Mall, Suite 900 Minneapolis, Minnesota 55402 (Address of Pri ...