XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUE        
Commissions $ 103,079 $ 83,933 $ 295,984 $ 259,174
Advisory fees 121,631 107,969 353,675 310,214
Investment banking 52,185 37,411 131,841 95,354
Bank deposit sweep income 34,875 42,304 106,406 135,273
Interest 38,034 26,430 99,605 78,691
Principal transactions, net 14,364 16,892 42,672 46,635
Other 9,184 (2,272) 26,896 15,195
Total revenue 373,352 312,667 1,057,079 940,536
EXPENSES        
Compensation and related expenses 237,935 195,684 680,375 589,200
Communications and technology 24,602 22,590 73,860 67,813
Occupancy and equipment costs 16,240 17,281 47,604 49,622
Clearing and exchange fees 7,125 6,051 19,747 18,241
Interest 24,103 19,744 66,631 50,353
Other 27,977 29,730 80,172 136,369
Total expenses 337,982 291,080 968,389 911,598
Pre-tax income 35,370 21,587 88,690 28,938
Income tax provision 10,862 7,808 28,172 10,262
Net income 24,508 13,779 60,518 18,676
Net loss attributable to noncontrolling interest, net of tax 0 (82) (310) (403)
Net income attributable to Oppenheimer Holdings Inc. $ 24,508 $ 13,861 $ 60,828 $ 19,079
Earnings per share attributable to Oppenheimer Holdings Inc.        
Basic (in dollars per share) $ 2.38 $ 1.32 $ 5.87 $ 1.75
Diluted (in dollars per share) $ 2.16 $ 1.21 $ 5.45 $ 1.62
Weighted average shares outstanding        
Basic (in shares) 10,332,927 10,519,431 10,355,982 10,874,055
Diluted (in shares) 11,277,865 11,440,229 11,156,536 11,746,337
Period end shares outstanding (in shares) 10,331,401 10,388,898 10,331,401 10,388,898