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CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE        
Commissions $ 97,055 $ 88,544 $ 192,905 $ 175,241
Advisory fees 117,197 101,015 232,044 201,559
Investment banking 29,119 19,978 79,656 57,943
Bank deposit sweep income 34,846 44,060 71,531 92,969
Interest 34,805 27,320 61,571 52,261
Principal transactions, net 10,074 16,253 28,308 29,743
Other 7,493 9,019 17,712 18,152
Total revenue 330,589 306,189 683,727 627,868
EXPENSES        
Compensation and related expenses 220,727 187,224 442,440 393,516
Communications and technology 24,682 22,783 49,258 45,223
Occupancy and equipment costs 15,516 16,440 31,364 32,341
Clearing and exchange fees 6,780 5,927 12,622 12,190
Interest 21,980 17,467 42,528 30,609
Other 25,039 68,047 52,195 106,639
Total expenses 314,724 317,888 630,407 620,518
Pre-tax income (loss) 15,865 (11,699) 53,320 7,350
Income tax provision (benefit) 5,599 (2,131) 17,310 2,454
Net income (loss) 10,266 (9,568) 36,010 4,896
Net loss attributable to noncontrolling interest, net of tax 0 (168) (310) (321)
Net income (loss) attributable to Oppenheimer Holdings Inc. $ 10,266 $ (9,400) $ 36,320 $ 5,217
Earnings (loss) per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ 0.99 $ (0.85) $ 3.49 $ 0.47
Diluted (in dollars per share) $ 0.92 $ (0.85) $ 3.29 $ 0.44
Weighted average shares outstanding        
Basic (in shares) 10,327,818 11,016,430 10,367,636 11,054,306
Diluted (in shares) 11,111,903 11,016,430 11,083,422 11,911,379
Period end shares outstanding (in shares) 10,327,510 10,984,240 10,327,510 10,984,240