Piper Sandler Companies (PIPR) Investor presentation summary

Value proposition and growth

• Achieved $2.1B in adjusted net revenues LTM 2Q 2026, with 1,900+ employees across six countries and over 130 years of client service.

• Average share price increased 594% since 2016, reaching $82.30 in LTM 2Q 2026.

• Focuses on a capital-light, diversified business model delivering consistent shareholder returns.

• Track record of profitable growth, disciplined management, and investment in market leadership.

• 12% compound annual growth rate in net revenues since 2016, with significant expansion in managing directors and operating margin.

Diversified platform and business lines

• Offers investment banking, public finance, equity brokerage, and fixed income services across multiple sectors.

• Serves a broad client base including private equity, asset managers, municipalities, and corporates.

• Completed 11 acquisitions since 2016, adding 9 products and 5 sector/subsectors.

• Returned $620M through share repurchases and $594M in dividends since 2020, maintaining a 40% payout ratio.

Strategic growth and market leadership

• Expanded through targeted acquisitions in energy, financial services, chemicals, technology, and private capital advisory.

• Prioritizes growth in private equity, technology, and Europe, with ongoing investment in talent and product capabilities.

• Achieved #4 ranking in U.S. M&A by number of deals, with 190 transactions in LTM 2Q 2026.

• Advised on high-profile transactions across industries, including multi-billion dollar M&A and IPOs.