Oppenheimer Holdings Inc. (OPY) filed a Current Report on Form 8-K on November 2, 2026, disclosing an investor presentation titled "Third Quarter 2026 Investor Update." The document provides a detailed overview of the company’s financial performance for the third quarter and the year-to-date period ending September 30, 2026, as well as updates on its capital structure and dividend policy.
For the third quarter of 2026, Oppenheimer reported total revenue of $382.0 million, a decrease of 10.0% compared to the same period in 2025. This decline was primarily driven by lower investment banking revenue and reduced transaction-based commissions and trading-related revenue. However, the company noted that advisory fees increased by 15.3% year-over-year. Net income attributable to Oppenheimer Holdings Inc. for the quarter was $5.459 million, with basic earnings per share (GAAP) reported at $0.52.
On a year-to-date basis through September 30, 2026, the company recorded total revenue of $1.282 billion, representing a 10.0% increase compared to the first nine months of 2025. Net income attributable to the company was $12.232 million, with basic earnings per share (GAAP) of $1.14. The company highlighted that Assets Under Management (AUM) reached a record level of $59.6 billion, and Assets Under Administration (AUA) stood at $153.7 billion as of September 30, 2026.
In terms of capital management, Oppenheimer reported stockholders’ equity of $991.1 million as of September 30, 2026, which the company noted reached a record level. The company’s book value per share was $92.53, and its tangible book value per share was $75.89. Regarding dividends, the Board of Directors announced a quarterly dividend of $0.20 per share, payable on November 27, 2026, to holders of record on November 13, 2026. Additionally, the company paid a special dividend of $1.00 per share in January 2026 based on 2025 financial results. There were no Class A stock repurchases during the three months ended September 30, 2026.
