Piper Sandler Companies Reports First Quarter 2026 Results

Piper Sandler Companies reported its financial results for the first fiscal quarter ended March 31, 2026. The company announced record first quarter revenues, driven by a 30% growth in corporate investment banking over the previous year. Advisory services generated $251 million in revenues, a 16% year-over-year increase, attributed to higher M&A and debt capital markets advisory activity. Corporate financing revenues more than doubled to $73 million, with the healthcare franchise leading as the second-largest underwriter for biopharma equity financings. Equity brokerage also saw a record first quarter with $60 million in revenues, benefiting from increased client activity amid market volatility. The company reported first quarter 2026 net revenues of $474 million and adjusted net revenues of $470 million. Net income attributable to Piper Sandler Companies was $65 million, or $0.92 per diluted common share. The company also increased its quarterly cash dividend by 14% to $0.20 per share and repurchased 0.9 million shares of common stock in the quarter. Litigation-related expenses of $8.5 million impacted earnings per diluted common share by $0.08.