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CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE        
Commissions $ 88,544 $ 94,378 $ 175,241 $ 192,699
Advisory fees 101,015 107,405 201,559 223,171
Investment banking 19,978 16,653 57,943 55,123
Bank deposit sweep income 44,060 14,845 92,969 19,199
Interest 27,320 11,789 52,261 21,306
Principal transactions, net 16,253 1,258 29,743 3,622
Other 9,019 (9,106) 18,152 (11,870)
Total revenue 306,189 237,222 627,868 503,250
EXPENSES        
Compensation and related expenses 187,224 177,979 393,516 364,010
Communications and technology 22,783 20,896 45,223 42,481
Occupancy and equipment costs 16,440 14,554 32,341 29,244
Clearing and exchange fees 5,927 6,242 12,190 12,218
Interest 17,467 3,628 30,609 6,140
Other 68,047 20,092 106,639 41,113
Total expenses 317,888 243,391 620,518 495,206
Pre-tax income (loss) (11,699) (6,169) 7,350 8,044
Income taxes provision (benefit) (2,131) (1,449) 2,454 2,986
Net income (loss) (9,568) (4,720) 4,896 5,058
Net loss attributable to noncontrolling interest, net of tax (168) (846) (321) (360)
Net income (loss) attributable to Oppenheimer Holdings Inc. $ (9,400) $ (3,874) $ 5,217 $ 5,418
Earnings (loss) per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ (0.85) $ (0.32) $ 0.47 $ 0.44
Diluted (in dollars per share) $ (0.85) $ (0.32) $ 0.44 $ 0.41
Weighted average shares outstanding        
Basic (in shares) 11,016,430 11,980,115 11,054,306 12,222,527
Diluted (in shares) 11,016,430 11,980,115 11,911,379 13,141,538
Period end shares outstanding (in shares) 10,984,240 11,370,609 10,984,240 11,370,609