Piper Sandler Companies reported its financial results for the third fiscal quarter ended September 30, 2026, filing an -K with the SEC on October 30, 2026. The firm reported net revenues of $443.0 million for the quarter, which decreased 11% compared to the second quarter of 2026 and 8% compared to the third quarter of 2025. Net income attributable to Piper Sandler Companies was $55.4 million, or $0.78 per diluted common share.
Adjusted net revenues, a non-GAAP measure, totaled $456 million. The company noted that advisory services revenues increased 18% year-over-year to $250.3 million, driven by a higher average fee. Corporate investment banking generated record third-quarter revenues of $307 million, supported by strong results from the financial services, healthcare, and energy, power & infrastructure groups. Additionally, fixed income services activity was robust, generating $60 million in revenues, the best quarter since 2021.
For the first nine months of 2026, the company reported record net revenues of $1.4 billion, an increase of 15% over the same period in 2025. In strategic updates, Piper Sandler launched equities trading in Europe through Piper Sandler Europe in September 2026 and established a London-based debt advisory team within its energy, power & infrastructure investment banking group.
Regarding capital allocation, the company declared a quarterly cash dividend of $0.20 per share on October 30, 2026. This dividend is payable on December 11, 2026, to shareholders of record as of November 24, 2026. The company also authorized the repurchase of up to $200 million of its outstanding common stock, effective immediately, with the authorization expiring on December 31, 2028. During the first nine months of 2026, Piper Sandler returned $268 million to shareholders through dividends and share repurchases.
