An investment bank and securities firm that helps mid-size companies, governments, and nonprofits raise money, buy and sell businesses, and trade stocks and bonds, backed by research on around 840 companies. Its roots reach back to an 1895 Minneapolis commercial-paper brokerage serving the region's grain and milling trade. The "Piper" in its name honors H.C. Piper Sr., a Yale classmate of C.P. Jaffray whose 1913 firm later merged into today's company.
Piper Sandler Companies filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on March 23, 2026.
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The amendment effects a four-for-one forward stock split of common stock, with no change to par value of $0.01 per share.
Authorized common stock increases proportionately from 100,000,000 to 400,000,000 shares.
The stock split became effective at 4:30 p.m. Eastern Time on March 23, 2026; split-adjusted trading begins at market open on March 24, 2026.
The new CUSIP number for the common stock is 724078209, and shares under existing Form S-8 registration statements are proportionately adjusted.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Piper Sandler reports record Q4 2025 net revenues of $666M, up 38% YoY
Fourth quarter 2025 net revenues were $666.1 million, up 38% from Q4 2024, with record advisory services revenues of $402.6 million, up 44% year-over-year.
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Full year 2025 net revenues were $1.90 billion, up 24% from 2024, with investment banking revenues of $1.40 billion, up 27%.
Q4 2025 net income attributable to Piper Sandler Companies was $114.0 million, or $6.40 per diluted share, up 65% from Q4 2024.
Full year 2025 net income attributable to Piper Sandler Companies was $281.3 million, or $15.82 per diluted share, up 55% from 2024.
The board declared a special cash dividend of $5.00 per share and a quarterly dividend of $0.70 per share, and approved a 4-for-1 stock split effective March 24, 2026.
2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Piper Sandler elects Stuart M. Essig to board of directors, effective February 4, 2026
The board size increased from nine to ten directors following Essig's election.
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Stuart M. Essig was elected to Piper Sandler Companies' board of directors effective February 4, 2026, for an initial term expiring at the 2026 annual meeting.
Essig was appointed to the Audit Committee of the board.
Essig will receive a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant, and a $150,000 annual equity grant under the 2026 non-employee director compensation program.
Essig previously served as CEO of Integra LifeSciences from 1997 to 2012 and has been chairman since 2012.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Piper Sandler Q2 2025 net revenues $397M, EPS $2.38; dividend raised to $0.70
Second quarter 2025 GAAP net revenues were $396.8 million, up 17% year-over-year, with net income attributable to Piper Sandler Companies of $42.2 million, or $2.38 per diluted share.
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Adjusted net revenues were $405.4 million, up 14% year-over-year, with adjusted EPS of $2.95, up 17%.
Advisory services revenues grew 12% year-over-year to $206.2 million; municipal financing revenues of $41.9 million were the best quarter since 2021.
The company announced a pending acquisition of G Squared Capital Partners, a boutique investment bank specializing in government services and defense technology.
Quarterly cash dividend increased to $0.70 per share, payable September 12, 2025 to shareholders of record as of August 29, 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits