Piper Sandler reports Q1 adjusted EPS $2.35, consensus $1.72

Reports Q1 revenue $297.91M, consensus $299.34M. "We generated nearly $300 million of net revenues for the first quarter of 2023 against a challenging market backdrop, reflecting the benefits of our expanded and more diversified business," said Chad R. Abraham, chairman and chief executive officer. "Our focus remains growing our long-term earnings power, and we added several key hires to expand our platform during the quarter. We also returned $112 million through share repurchases and dividends in keeping with our commitment to return capital to our shareholders."