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CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE        
Commissions $ 83,933 $ 89,608 $ 259,174 $ 282,307
Advisory fees 107,969 102,927 310,214 326,098
Investment banking 37,411 38,393 95,354 93,516
Bank deposit sweep income 42,304 35,769 135,273 54,968
Interest 26,430 17,361 78,691 38,667
Principal transactions, net 16,892 6,502 46,635 10,124
Other (2,272) 3,551 15,195 (8,319)
Total revenue 312,667 294,111 940,536 797,361
EXPENSES        
Compensation and related expenses 195,684 179,134 589,200 543,144
Communications and technology 22,590 21,500 67,813 63,981
Occupancy and equipment costs 17,281 15,457 49,622 44,701
Clearing and exchange fees 6,051 6,705 18,241 18,923
Interest 19,744 7,018 50,353 13,158
Other 29,730 57,059 136,369 98,172
Total expenses 291,080 286,873 911,598 782,079
Pre-tax income 21,587 7,238 28,938 15,282
Income taxes provision 7,808 2,573 10,262 5,559
Net income 13,779 4,665 18,676 9,723
Net income (loss) attributable to noncontrolling interest, net of tax (82) 145 (403) (215)
Net income attributable to Oppenheimer Holdings Inc. $ 13,861 $ 4,520 $ 19,079 $ 9,938
Earnings per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ 1.32 $ 0.40 $ 1.75 $ 0.84
Diluted (in dollars per share) $ 1.21 $ 0.37 $ 1.62 $ 0.78
Weighted average shares outstanding        
Basic (in shares) 10,519,431 11,270,589 10,874,055 11,901,727
Diluted (in shares) 11,440,229 12,190,425 11,746,337 12,809,000
Period end shares outstanding (in shares) 10,388,898 10,974,655 10,388,898 10,974,655