Piper Sandler Companies — Third Quarter 2026 Earnings Summary

Piper Sandler Companies reported third-quarter 2026 net revenues of $443 million, a decrease of 11% from the previous quarter and 8% from the prior year period. The firm declared a quarterly cash dividend of $0.20 per share and authorized a new $200 million share repurchase program effective immediately. Corporate investment banking generated record revenues of $307 million, driven by strong performance in financial services, healthcare, and energy sectors, while fixed income services revenues reached $60 million, the highest level since 2021. Net income attributable to the company for the quarter was $55.4 million, or $0.78 per diluted share, reflecting a 15% year-over-year increase in advisory services revenues.