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Condensed Consolidated Income Statements (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE        
Commissions $ 94,378 $ 96,171 $ 192,699 $ 209,642
Advisory fees 107,405 111,152 223,171 215,648
Investment banking 16,653 104,742 55,123 229,243
Bank deposit sweep income 14,845 3,712 19,199 7,720
Interest 11,789 8,909 21,306 17,575
Principal transactions, net 1,258 6,305 3,622 17,170
Other (9,106) 9,302 (11,870) 16,577
Total revenue 237,222 340,293 503,250 713,575
EXPENSES        
Compensation and related expenses 177,979 231,140 364,010 486,741
Communications and technology 20,896 19,172 42,481 39,779
Occupancy and equipment costs 14,554 15,225 29,244 30,407
Clearing and exchange fees 6,242 5,155 12,218 11,430
Interest 3,628 2,448 6,140 5,095
Other 20,092 23,985 41,113 44,828
Total expenses 243,391 297,125 495,206 618,280
Pre-tax income (loss) (6,169) 43,168 8,044 95,295
Income taxes provision (benefit) (1,449) 12,009 2,986 25,478
Net income (loss) (4,720) 31,159 5,058 69,817
Net income (loss) attributable to noncontrolling interest, net of tax (846) 0 (360) 0
Net income (loss) attributable to Oppenheimer Holdings Inc. $ (3,874) $ 31,159 $ 5,418 $ 69,817
Earnings (Loss) per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ (0.32) $ 2.46 $ 0.44 $ 5.53
Diluted (in dollars per share) $ (0.32) $ 2.28 $ 0.41 $ 5.17
Weighted average shares outstanding        
Basic (in shares) 11,980,115 12,689,191 12,222,527 12,634,464
Diluted (in shares) 11,980,115 13,681,146 13,141,538 13,495,589
Shares, Outstanding 11,370,609 12,692,311 11,370,609 12,692,311