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Condensed Consolidated Income Statements (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE        
Commissions $ 89,608 $ 90,889 $ 282,307 $ 300,531
Advisory fees 102,927 116,751 326,098 332,399
Investment banking 38,393 86,901 93,516 316,144
Bank deposit sweep income 35,769 3,909 54,968 11,629
Interest 17,361 9,340 38,667 26,915
Principal transactions, net 6,502 4,494 10,124 21,664
Other 3,551 3,058 (8,319) 19,635
Total revenue 294,111 315,342 797,361 1,028,917
EXPENSES        
Compensation and related expenses 179,134 206,312 543,144 693,053
Communications and technology 21,500 19,718 63,981 59,497
Occupancy and equipment costs 15,457 14,964 44,701 45,371
Clearing and exchange fees 6,705 5,237 18,923 16,667
Interest 7,018 2,468 13,158 7,563
Other 57,059 29,249 98,172 74,077
Total expenses 286,873 277,948 782,079 896,228
Pre-tax income 7,238 37,394 15,282 132,689
Income taxes provision 2,573 11,144 5,559 36,622
Net income 4,665 26,250 9,723 96,067
Net income (loss) attributable to noncontrolling interest, net of tax 145 0 (215) 0
Net income attributable to Oppenheimer Holdings Inc. $ 4,520 $ 26,250 $ 9,938 $ 96,067
Earnings per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ 0.40 $ 2.07 $ 0.84 $ 7.59
Diluted (in dollars per share) $ 0.37 $ 1.92 $ 0.78 $ 7.10
Weighted average shares outstanding        
Basic (in shares) 11,270,589 12,690,386 11,901,727 12,653,310
Diluted (in shares) 12,190,425 13,664,214 12,809,000 13,539,373
Shares, Outstanding 10,974,655 12,615,399 10,974,655 12,615,399