PIPER SANDLER COMPANIES PJC Income Statement

Piper sandler companies (PJC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Investment banking
647,329	629,392	588,767	604,033	609,198	588,978	583,780	607,804	622,428	633,837	613,566	559,766	518,652	490,340	467,366	422,324	430,979	414,118	367,399	370,670	368,414	369,811	378,837	346,774	296,216	248,563	241,346	229,581	225,694	232,958	192,915	185,863	203,557	202,513	224,245	236,457	241,140	237,847	219,851	225,758	0	0	0
Institutional Brokerage Revenue
222,069	167,891	146,195	131,127	132,058	124,738	136,155	139,282	143,221	154,712	149,846	157,162	168,273	161,186	170,433	162,426	150,902	154,889	149,203	150,944	148,811	156,809	161,057	160,452	150,535	146,648	132,712	156,113	162,709	166,642	154,644	124,614	131,207	135,358	155,648	167,391	161,675	162,539	181,187	201,607	0	0	0
Asset management
-	-	-	-	-	-	-	-	53,417	-	60,984	63,422	62,831	60,672	59,986	63,681	68,343	75,017	78,972	81,616	84,625	85,062	92,281	89,387	85,548	83,045	72,584	70,019	67,622	65,699	59,232	58,301	61,911	63,307	66,883	68,490	64,723	55,948	45,407	31,835	0	0	0
Interest income
25,239	26,741	28,477	28,588	29,903	32,749	34,488	35,060	34,648	31,954	31,629	31,808	31,964	33,074	32,896	34,681	38,181	41,557	44,536	46,236	47,262	48,716	51,875	53,407	53,245	50,409	37,572	37,669	37,522	37,845	36,700	39,359	40,364	43,447	54,933	51,314	52,483	51,703	51,113	48,589	0	0	0
Investment income (loss)
6,857	22,275	18,646	25,081	9,719	11,039	17,995	12,713	15,923	23,386	25,989	31,217	34,040	24,602	14,632	10,657	-918	10,736	10,557	12,416	18,636	12,813	25,660	28,249	23,269	21,566	11,946	6,902	9,940	4,903	-712	763	2,695	8,178	10,763	8,685	9,269	6,685	9,394	8,812	0	0	0
Total revenues
901,494	846,299	769,496	776,240	768,289	757,504	740,996	776,255	812,802	843,889	882,014	843,375	815,760	769,874	745,313	693,769	687,487	696,317	650,667	661,882	667,748	673,211	709,710	678,269	608,813	550,231	496,160	500,284	503,487	508,047	442,779	408,900	439,734	452,803	512,472	532,337	529,290	514,722	506,952	516,601	0	0	0
Interest expense
13,302	11,733	10,222	11,750	13,856	16,551	18,842	19,485	20,648	20,268	20,710	21,791	21,438	22,525	23,063	22,749	22,884	23,399	24,565	25,971	25,872	25,073	24,544	24,215	25,018	25,036	17,630	18,563	18,440	19,095	16,156	17,925	18,993	20,720	32,739	31,998	34,162	34,788	33,581	27,403	0	0	0
Net revenues
888,192	834,566	759,274	764,490	754,433	740,953	722,154	756,770	792,154	823,621	861,304	821,584	794,322	747,349	722,250	671,020	664,603	672,918	626,102	635,911	641,876	648,138	685,166	654,054	583,795	525,195	478,530	481,721	485,047	488,952	426,623	390,975	420,741	432,083	479,733	500,339	495,128	479,934	473,371	489,198	0	0	0
Non-interest expenses:
Compensation and benefits
587,087	516,090	477,195	483,664	490,444	488,487	509,239	545,371	570,429	589,637	592,003	557,720	540,554	510,612	482,960	443,906	430,312	421,733	389,308	390,356	389,878	394,510	412,678	394,924	356,848	322,464	297,946	296,590	294,191	296,882	258,141	240,576	258,266	265,015	287,556	293,109	290,496	280,047	280,634	293,953	0	0	0
Outside services
36,052	36,184	34,153	34,979	36,160	36,528	33,608	32,435	32,592	33,981	37,978	40,771	41,166	39,289	38,756	37,784	36,485	36,218	35,603	35,442	36,471	37,055	37,074	36,001	34,536	32,982	31,933	30,598	29,374	27,998	26,192	25,708	25,302	27,570	27,769	29,451	30,367	30,265	29,918	29,388	0	0	0
Occupancy and equipment
40,684	36,795	34,827	33,828	33,965	34,194	32,832	32,364	32,059	31,943	34,348	34,964	35,557	34,813	32,821	31,103	29,236	28,301	26,871	28,158	28,236	28,231	28,775	26,972	26,454	25,493	25,652	25,200	25,409	26,454	24,023	24,604	26,844	28,430	29,534	31,749	30,813	30,034	32,281	31,108	0	0	0
Communications
34,529	30,760	28,540	27,494	27,895	28,656	27,120	27,417	27,440	26,430	29,182	29,891	29,912	29,626	28,581	26,970	24,764	23,762	23,334	22,761	23,105	22,732	22,439	22,556	22,154	21,431	20,471	19,969	19,878	20,543	19,824	20,143	21,407	22,121	22,610	22,958	22,954	22,832	24,105	23,592	0	0	0
Marketing and business development
32,081	28,780	27,727	27,459	26,375	26,936	26,725	27,148	28,425	28,673	29,112	30,058	30,947	30,404	32,608	31,944	30,012	29,990	28,659	28,521	27,991	27,260	25,006	23,626	22,874	21,603	21,310	20,122	20,010	19,908	19,628	20,428	21,308	22,640	22,356	23,160	22,530	21,642	22,778	20,334	0	0	0
Deal-related expenses
26,035	25,823	24,072	25,356	24,797	25,120	18,888	11,217	5,051	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade execution and clearance
15,531	10,186	8,367	6,646	7,657	8,014	8,542	8,618	8,518	8,166	7,829	7,712	7,700	7,651	7,524	7,498	7,559	7,794	8,050	7,973	7,784	7,621	7,291	7,495	7,954	8,270	8,626	8,342	8,097	8,054	8,031	8,349	8,566	8,925	9,372	10,108	11,196	11,347	11,777	12,130	0	0	0
Restructuring costs
16,223	14,321	12,538	9,893	0	-	0	0	-	-	0	0	-	10,206	19,362	20,858	17,425	10,652	1,496	0	0	-	0	-	-	-	0	-	-	-	0	0	-	-	0	-	-	-	0	-	-	-	0
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangible Assets
13,398	4,298	2,596	2,581	3,043	4,858	3,756	6,364	8,971	10,178	17,280	21,468	21,740	21,214	17,743	11,506	9,185	7,662	7,637	8,182	8,727	9,272	8,726	9,307	8,650	7,993	7,957	6,794	6,869	6,944	6,257	6,590	6,923	7,256	7,318	7,432	7,567	6,474	0	0	0	-	-
Back office conversion costs
-	-	-	-	-	-	-	-	-	3,927	3,588	2,295	1,427	561	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
24,734	12,350	12,431	12,509	13,058	12,173	11,822	10,580	11,063	11,370	11,557	11,954	10,493	10,947	11,009	20,228	21,052	20,383	19,716	10,186	10,794	11,146	11,437	11,242	9,478	4,657	4,469	4,471	5,620	9,516	8,343	8,617	8,328	10,017	10,445	10,104	12,310	12,777	15,394	17,025	0	0	0
Noninterest Expense
826,379	715,587	662,399	660,864	666,845	668,464	562,567	707,205	727,609	744,305	960,140	819,733	805,829	778,223	671,364	631,797	606,030	586,495	540,674	531,579	532,986	537,827	554,292	536,812	493,637	449,582	422,187	412,086	413,090	419,941	494,379	478,955	497,242	512,272	426,326	438,770	438,932	426,117	423,583	434,282	0	0	0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
61,813	118,979	96,875	103,626	87,588	72,489	159,587	49,565	64,545	79,316	-98,836	1,851	-11,507	-30,874	50,886	39,223	58,573	86,423	85,428	104,332	108,890	110,311	130,874	117,242	90,158	75,613	56,343	69,635	71,957	69,011	-67,756	-87,980	-76,501	-80,189	53,407	61,569	56,196	53,817	49,788	54,916	0	0	0
Income tax expense/(benefit)
8,565	24,565	23,842	24,027	24,827	18,046	85,641	47,316	51,622	53,808	-52,807	-14,869	-17,779	-17,128	16,103	11,161	18,707	27,941	28,119	35,142	35,649	35,986	38,732	33,022	24,617	20,390	17,552	24,860	17,517	19,470	9,705	872	12,558	9,120	23,999	29,162	27,633	32,163	25,943	26,261	0	0	0
Income/(loss) from continuing operations
53,202	94,402	75,252	65,262	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,223	38,791	44,775	54,440	49,541	37,948	0	0	-	0	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
23,911	23,772	25,158	-555	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,739	-7,662	-962	-3,025	-5,807	-9,209	0	0	-	0	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,739	-7,662	-962	-3,025	-5,807	-9,209	0	0	-	0	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
77,113	118,174	96,389	78,264	64,017	55,830	-9,323	-82,406	-72,137	-59,552	-46,029	16,720	6,272	-13,746	34,783	28,062	39,866	58,482	57,309	69,190	73,241	74,325	91,324	81,873	61,323	50,484	31,129	43,813	51,415	43,734	-83,632	-107,337	-103,610	-100,557	21,956	32,635	0	-	0	0	-	-	-
Net loss applicable to noncontrolling interests
-449	6,463	5,152	8,246	-1,838	-1,206	-2,101	-3,448	-526	2,387	6,821	9,199	10,386	8,206	6,477	5,583	2,326	6,407	5,964	8,008	10,845	11,153	13,561	13,456	8,631	5,394	1,349	-309	2,930	2,466	3,288	2,830	2,714	1,463	558	276	0	-	0	0	-	-	-
Net Income (Loss) Attributable to Parent
77,562	111,711	91,237	70,018	65,855	57,036	-7,222	-78,958	-71,611	-61,939	-52,850	7,521	-4,114	-21,952	28,306	22,479	37,540	52,075	51,345	61,182	62,396	63,172	77,763	68,417	52,692	45,090	29,780	44,122	48,485	41,268	-86,920	-110,167	-106,324	-102,020	23,764	34,401	31,085	24,362	24,208	28,730	0	0	0
Net Income (Loss) Available to Common Stockholders, Diluted
75,872	108,434	89,087	66,022	61,393	49,993	-11,476	-81,268	-75,268	-64,875	-56,300	2,697	-7,248	-21,952	24,386	20,252	34,374	48,060	47,740	56,844	57,862	58,141	70,896	62,170	47,719	40,596	26,183	38,197	41,821	35,335	-87,698	-108,121	-105,251	-102,020	18,281	27,279	24,231	18,929	19,112	23,172	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
53,651	87,939	69,918	58,615	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,829	37,442	45,084	51,510	47,075	35,070	0	0	-	0	-	-	-	-	-	-	-	-
Net loss from discontinued operations
0	0	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
77,562	111,711	91,237	70,018	65,855	57,036	-7,222	-78,958	-71,611	-61,939	-5,207	46,444	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-86,920	-110,167	-106,324	-102,020	23,764	34,401	31,085	24,362	24,208	28,730	0	0	0
Earnings Per Share, Basic [Abstract]
Income/(loss) from continuing operations (in dollars per share)
-1.07	2.77	1.23	0.90	1.36	-	1.36	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.71	0.42	0.25	0.60	0.85	0.82	0.58	0.33	-	0.22	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
0.00	0.00	1.87	-0.15	-0.01	-	0.09	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-0.09	-0.11	-0.03	-0.23	0.29	-0.21	-0.17	-	-0.45	-	-	-	-	-	-	-	-
Earnings/(loss) per basic common share (in dollars per share)
-1.07	2.77	3.09	0.75	1.35	1.43	1.45	0.43	0.47	-3.38	-3.91	0.89	1.33	-2.71	0.70	0.12	0.16	0.91	0.32	1.08	1.03	0.76	0.90	1.12	1.10	1.64	0.33	0.15	0.58	0.63	1.11	0.37	0.15	-7.21	-0.23	0.55	0.38	0.48	0.36	0.36	0.03	0.47	0.59
Earnings Per Share, Diluted [Abstract]
Income/(loss) from continuing operations (in dollars per share)
-1.07	2.70	1.20	0.87	1.33	-	1.34	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.71	0.42	0.25	0.60	0.85	0.82	0.58	0.33	-	0.22	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
0.00	0.00	1.82	-0.15	-0.01	-	0.09	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-0.09	-0.11	-0.03	-0.23	0.29	-0.21	-0.17	-	-0.45	-	-	-	-	-	-	-	-
Earnings/(loss) per diluted common share (in dollars per share)
-1.07	2.70	3.01	0.72	1.32	1.39	1.43	0.43	0.47	-3.28	-3.91	0.89	1.31	-2.71	0.70	0.12	0.16	0.91	0.32	1.08	1.03	0.76	0.90	1.11	1.10	1.65	0.33	0.15	0.57	0.63	1.11	0.37	0.15	-7.21	-0.23	0.55	0.38	0.48	0.36	0.36	0.03	0.47	0.59
Dividends declared per common share (in dollars per share)
1.13	0.37	0.38	0.38	1.39	0.36	0.38	0.38	2.00	0.31	0.31	0.31	0.31	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted Average Number of Shares Outstanding, Basic
13,796	13,714	13,708	13,588	13,204	13,194	13,343	13,303	13,096	12,910	12,898	12,826	12,594	12,327	12,282	12,927	13,160	13,753	13,938	14,487	15,294	15,248	15,066	14,958	14,612	14,360	14,621	15,621	15,582	15,246	15,210	15,932	16,072	15,782	15,889	15,840	15,177	14,619	15,035	15,901	15,837	16,031	16,104
Weighted Average Number of Shares Outstanding, Diluted
14,411	14,100	14,085	14,024	13,530	13,372	13,508	13,438	13,382	13,078	12,975	12,937	12,922	12,704	12,298	12,942	13,172	13,759	13,952	14,513	15,332	15,301	15,129	15,013	14,657	14,382	14,626	15,626	15,610	15,250	15,210	15,932	16,072	15,730	15,889	15,845	15,224	14,625	15,038	15,925	15,924	16,131	16,117