Piper Sandler reports Q4 adjusted EPS $4.03, consensus $2.60

Reports Q4 revenue $471.85M, consensus $370.12M. “We finished 2023 with fourth quarter net revenues of over $450 million, the strongest quarter of the year, which led to over $1.3 billion of net revenues on a full year basis. Our advisory business was a key driver of the performance, generating 60% of total net revenues for the quarter,” said Chad Abraham, chairman and chief executive officer. “Despite challenging market conditions for most of the year, we delivered solid profitability and returned $155 million of capital to our shareholders, highlighting our successful operating discipline and the benefits of our scaled and diversified platform.”