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Dec 31, 2021
Oppenheimer Q4 2021 Earnings Report
Net income decreased due to lower revenue, primarily impacted by a reduction in incentive fee income from alternative investments.
Key Takeaways
Oppenheimer Holdings Inc. reported a decrease in net income for the fourth quarter of 2021, with revenue also declining due to lower incentive fee income from alternative investments. However, full year results showed record revenue, pre-tax income, and net income.
Revenue decreased by 13.7% compared to Q4 2020, primarily due to a reduction in incentive fee income from alternative investments.
Net income decreased to $62.9 million, compared to $81.9 million in Q4 2020.
Basic earnings per share decreased to $4.99, compared to $6.56 in Q4 2020.
Capital Markets segment achieved record revenue and earnings for the fourth quarter, driven by investment banking results.
Revenue by Segment
Forward Guidance
Management anticipates employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements
Historical Earnings Impact
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Avg. Return Before/After Earnings
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