Piper Sandler Companies' stock soared 8.55% during pre-market trading on Friday, following the release of its fourth quarter and full year 2025 financial results.
The investment bank reported significantly better-than-expected results for Q4 2025, with revenue of $666 million beating analyst estimates of approximately $521 million by about 28%. Adjusted earnings per share came in at $6.88, surpassing consensus estimates of $4.74 to $4.80 by 43-45%. Net income attributable to shareholders rose 89% year-over-year to $114 million.
In addition to the strong earnings, Piper Sandler announced a special cash dividend of $5.00 per share and a regular quarterly dividend of $0.70 per share. The company also approved a 4-for-1 stock split aimed at increasing liquidity and making shares more accessible to a wider range of investors. These positive developments collectively drove investor enthusiasm and the pre-market price surge.