Published on 28 Jan 2024 on GuruFocus.com via Yahoo Finance
Net Income: Q4 net income decreased to $11.1 million from $22.4 million in Q4 2022.Adjusted Net Income: Adjusted for regulatory settlements, Q4 adjusted net income was $16.1 million.Revenue: Full year revenue increased by 12.4% to $1.2 billion, despite a 1.7% decrease in Q4.Earnings Per Share: Basic EPS for Q4 dropped to $1.07 from $2.04 year-over-year.Book Value: Book value per share increased to $76.72 from $72.41 at the end of 2022.Share Repurchase: OPY repurchased 900,518 shares at an average price of $39.00 per share in 2023.Dividend: A quarterly dividend of $0.15 per share announced for Q4 2023.
Warning! GuruFocus has detected 1 Warning Sign with OPY.
On January 26, 2024, Oppenheimer Holdings Inc (NYSE:OPY) released its 8-K filing, detailing its financial performance for the fourth quarter and full fiscal year of 2023. The company, which operates in the securities industry and offers a range of services including retail securities brokerage, investment banking, and asset management, faced a challenging quarter marked by regulatory settlements but managed to increase its full-year revenue.