Oppenheimer Holdings Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2015. For the quarter, the company reported revenue of $230,360,000 compared with $254,928,000 a year ago. Loss before income tax provision was $4,243,000 compared with income before income tax provision of $9,595,000 a year ago. Net loss attributable to company was $3,144,000 or $0.23 per diluted share compared with net income attributable to company of $2,686,000 or $0.19 per diluted share a year ago. At December 31, 2015, book value per share was $38.84 compared with $38.71 at December 31, 2014 and tangible book value per share was $26.13 compared with $26.27 at December 31, 2014. Operating results for the period were significantly impacted by low levels of activity reflecting client concerns around the strength of the global economy and uncertainty surrounding action by the Federal Reserve on interest rates.

For the year, the company reported revenue of $928,385,000 compared with $1,004,464,000 a year ago. Income before income tax provision was $6,711,000 compared with $25,736,000 a year ago. Net income attributable to company was $1,962,000 or $0.14 per diluted share compared with $8,826,000 or $0.62 per diluted share a year ago.