Overview

* Piper Sandler Q3 2025 revenue of $479 mln beats analyst expectations

* Adjusted EPS for Q3 2025 shows significant growth compared to last year

* Company completed acquisition of G Squared Capital Partners, expanding tech banking group

Outlook

* Piper Sandler ( PIPR ) did not provide specific future guidance

Result Drivers

* EQUITY FINANCINGS - Record Q3 revenues driven by increased equity financings and strong performance across business segments

* ADVISORY SERVICES - Advisory services revenues grew 13% YoY, led by financial services industry group advising on major U.S. bank M&A transactions

* CORPORATE FINANCING - Robust corporate financing activity generated $80 mln in revenues, best quarter since 2021

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $479 mln $413.91

Revenue mln (4

Analysts

)

Q3 EPS $3.38

Q3 Net $60 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

* Wall Street's median 12-month price target for Piper Sandler Companies ( PIPR ) is $348.50, about 6.1% above its October 30 closing price of $327.10

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)