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Piper Sandler PIPR Tax-exempt securities

Tax-exempt securities at other companies

Duke Energy logo
Duke EnergyDUK
$1.33B0.0%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$3.58M+148%
Sirius XM logo
Sirius XMSIRI
$9M-18.2%
Blue Owl Technology Finance Corp. logo
Blue Owl Technology Finance Corp.OTF
$1B-44.4%
GBC
Glacier BancorpGBCI
$0-100%
ESAB logo
ESABESAB
$73.06M+22.8%

Other financials

Income statement

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Revenue$474.4M+32.8%
Net income$65.2M+0.5%
EPS (diluted)$0.92+1.1%

Balance sheet

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Cash & equivalents$344.4M+173%
Total debt$112.2M-3.0%
Total equity$1.3B+10.6%
Total assets$2.1B+17.0%

Cash flow

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Operating cash flow-$291.7M-40.8%
CapEx$2.2M-80.7%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.53B+24.3%
Enterprise value$5.3B+19.3%
P/E19.6×-2.2×
P/S2.7×-0.1×

Profitability

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Net margin14%+0.8pp
FCF margin18%—

Returns & leverage

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Return on equity22%+4.5pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Piper Sandler in its filing.

Tagged under the XBRL concept pipr:FinancialInstrumentsOwnedNontaxableMunicipalBondsatFairValue.

The official record: Piper Sandler’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Piper Sandler's tax-exempt securities?
Piper Sandler (PIPR) reported tax-exempt securities of $107.81M in Q1 2026.
How has Piper Sandler's tax-exempt securities changed year-over-year?
Piper Sandler's tax-exempt securities decreased by 13.9% year-over-year, from $125.24M to $107.81M.
What is the long-term trend for Piper Sandler's tax-exempt securities?
Over 5 years (2020 to 2025), Piper Sandler's tax-exempt securities has grown at a 13.0% compound annual growth rate (CAGR), from $67.94M to $125.42M.
What does tax-exempt securities mean?
Reflects the fair value of tax-exempt municipal securities held by the firm. These instruments are utilized as part of the company's investment strategy to optimize after-tax yields on excess capital.