Piper Sandler Q2 2024 10-Q Filing Released

TL;DR

Piper Sandler's 10-Q is in: Q2 2024 financials are here, check the balance sheet.

AI Summary

Piper Sandler Companies reported its financial results for the period ending June 30, 2024. The company's filing details its financial position and performance, including assets, liabilities, and equity. Specific financial figures and operational details for the second quarter of 2024 are presented in this 10-Q filing.

Why It Matters

This filing provides investors and analysts with a detailed look at Piper Sandler's financial health and operational performance during the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently indicate new or elevated risks.

Key Numbers

• 2024-06-30 — Period End Date (The end of the reporting period for this 10-Q filing.)
• 2024-01-01 — Period Start Date (The start of the reporting period for this 10-Q filing.)
• 2023-12-31 — Prior Year End Date (The end of the previous fiscal year, used for comparative balance sheet information.)

Key Players & Entities

• Piper Sandler Companies (company) — Filer of the 10-Q
• 0001230245-24-000132 (dollar_amount) — Accession Number for the filing
• 20240630 (date) — Period of report for the 10-Q
• 20240806 (date) — Filing date of the 10-Q
• 800 NICOLLET MALL, SUITE 900 (location) — Company's business and mail address
• MINNEAPOLIS (location) — Company's city
• DE (location) — State of incorporation

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share PIPR The New York Stock Excha

Filing Documents

• pipr-20240630.htm (10-Q) — 2356KB
• pscq22024ex311.htm (EX-31.1) — 9KB
• pscq22024ex312.htm (EX-31.2) — 9KB
• pscq22024ex321.htm (EX-32.1) — 4KB
• 0001230245-24-000132.txt ( ) — 10758KB
• pipr-20240630.xsd (EX-101.SCH) — 67KB
• pipr-20240630_cal.xml (EX-101.CAL) — 66KB
• pipr-20240630_def.xml (EX-101.DEF) — 429KB
• pipr-20240630_lab.xml (EX-101.LAB) — 840KB
• pipr-20240630_pre.xml (EX-101.PRE) — 611KB
• pipr-20240630_htm.xml (XML) — 1744KB

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 3.

Quantitative and Qualitative Disclosures About Market R isk

Quantitative and Qualitative Disclosures About Market R isk 64 Item 4. Controls and Pr ocedures 64

Other Information

Part II. Other Information Item 1. Legal Pr oceedings 64 Item 1A. Risk Fa ctors 64 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65 Item 3. Defaults Upon Senior Securities 65 Item 4. Mine Safety Disclosures 65 Item 5. Other In formation 65 Item 6. Ex hibits 66 Si gnatures 67 Piper Sandler Companies | 2 Table of Contents

Financial Information

Part I. Financial Information

Financial Statements

Item 1. Financial Statements. INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statements of Financial Condition 4 Consolidated Statements of Operations 5 Consolidated Statements of Comprehensive Income 6 Consolidated Statements of Changes in Shareholders' Equity 7 Consolidated Statements of Cash Flows 9 Notes to the Consolidated Financial Statements 10 Note 1 Organization and Basis of Presentation 10 Note 2 Summary of Significant Accounting Policies 10 Note 3 Recent Accounting Pronouncements 11 Note 4 Acquisitions 11 Note 5 Receivables from and Payables to Brokers, Dealers and Clearing Organizations 11 Note 6 Fair Value of Financial Instruments 12 Note 7 Financial Instruments and Other Inventory Positions 20 Note 8 Investments 22 Note 9 Variable Interest Entities 22 Note 10 Other Assets 23 Note 11 Short-Term Financing 24 Note 12 Legal Contingencies 24 Note 13 Shareholders' Equity 25 Note 14 Revenues and Business Information 26 Note 15 Compensation Plans 27 Note 16 Restructuring and Integration Costs 34 Note 17 Earnings Per Share 34 Note 18 Net Capital Requirements and Other Regulatory Matters 35 Piper Sandler Companies | 3 Table of Contents Piper Sandler Companies Consolidated Statements of Financial Condition June 30, December 31, 2024 2023 (Amounts in thousands, except share data) (Unaudited) Assets Cash and cash equivalents $ 320,935 $ 383,098 Receivables from brokers, dealers and clearing organizations 117,351 212,004 Financial instruments and other inventory positions owned: Financial instruments and other inventory positions owned 329,184 341,780 Financial instruments and other inventory positions owned and pledged as collateral 89,061 92,777 Total financial instruments and other inventory positions owned 418,245 434,557 Investments (including noncontrolling interests of $ 183,293 and $ 211,096 , respectively) 266,558 298,048 Fixed assets (net of accumula

View Full Filing

View this 10-Q filing on SEC EDGAR