OPY News & Events

Reports Q1 revenue $445.1M vs. $367.8M last year. CEO Robert Lowenthal commented, "Notwithstanding the unfavorable impact of the "cash sweep" settlement on the company's overall results for Q1, the Firm's core businesses delivered solid operating results. Despite an increasingly challenging geopolitical environment, the strength of our franchise proved its ability to support clients across all business environments. The ongoing conflict with Iran disrupted global energy flows and intensified inflationary pressure on oil and gas prices, which in turn weighed negatively on the financial markets during March. As a result of the conflict, equity markets exhibited significant volatility with indices now hovering at or near their all-time highs...Although AUM eased from last quarter's all-time highs, they remained meaningfully above prior year levels, supporting continued strength in our asset-based advisory fees...Our capital position remains robust, enabling us to return additional value to stockholders as highlighted by our announced 11.1% increase in the quarterly dividend to $0.20 per share. Looking ahead, we remain focused on supporting our clients across the enterprise as they continue to navigate uncertain markets."

Oppenheimer Holdings announced that its Board of Directors has declared a special cash dividend on OPY Class A non-voting and Class B voting common stock of $1.00 per share, payable January 9, 2026, to shareholders of record as of the close of business on December 26, 2025. The aggregate payment will be approximately $10.5M. The special dividend will be funded through OPY's existing cash management activities.

Oppenheimer & Co. announced the expansion of its Custody and Prime Services platform, designed to better serve the evolving needs of small- and mid-sized hedge funds, investment managers, and family offices. As part of this expansion, the firm has integrated its Fixed Income custody business, positioning CAPS as a fully multi-asset platform supporting global fixed income, equities, and listed options. This growth underscores accelerating demand from emerging managers and reflects Oppenheimer's commitment to providing transparent, customizable, and relationship-led solutions. Launched in 2022, CAPS was created to strategically leverage Oppenheimer's self-clearing and custody infrastructure, providing a high-touch, service-oriented offering that aligns with the firm's core strengths: fundamental research, capital markets access, and execution services. Intentionally focused and risk-conscious, the platform is designed for clients seeking high-touch custody and execution support.

Reports Q4 revenue $375.4M vs. $308.3M last year. AUM;was $49.4B vs. $43.9B last year. CEO Albert Lowenthal commented, "The Firm registered strong results of operations for the full year 2024 on the back of record high revenue generated by our diverse businesses. Our reported results were negatively impacted, with full year expense totaling $32.6M pre-tax, by the increase in our stock price in 2024 and its conversion to expense in certain liability awards previously made to employees, making the recent recognition of our stock by investors, a mixed blessing...Equity markets were led by significant increases in the performance of the "Magnificent Seven," propelled by the expectation of the impact of A.I. on the economy in future years. Most economic indicators currently suggest that the economy is well on its way to achieving a "soft landing" as we move into 2025...Overall, we are extremely pleased with the accomplishments that we achieved in 2024. We ended the year with record revenue, AUM, stockholders' equity and book value per share levels, and a significantly de-levered balance sheet after completing the redemption of our Senior Secured Notes earlier in the fourth quarter of 2024. We remain optimistic about our future and look forward to continuing to serve our clients."