Oppenheimer Holdings Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net profit of $3,959,000 and net profit attributable to the company was $3,433,000 or $0.25 per basic and diluted share on revenue of $229,438,000 against net profit of $18,910,000 and net profit attributable to the company was $18,114,000 or $1.36 per basic share and $1.30 per diluted share on revenue of $296,760,000 a year ago. Profit before income taxes was $2,051,000 compared to $31,246,000 a year ago. Results for the period were positively impacted by income tax benefits totaling $2,300,000. Interest revenue was $13,200,000, a decrease of 5.0% compared to $13,900,000 in the fourth quarter of 2010. Interest earned on reverse repurchase agreements held by the government trading desk was $2,100,000 in the fourth quarter of 2011 compared to $2,700,000 in the same period in 2010. For the year, the company reported net profit of $12,617,000 and net profit attributable to the company was $10,316,000 or $0.76 per basic share and $0.74 per diluted share on revenue of $958,992,000 against net profit of $40,784,000 and net profit attributable to the company was $38,483,000 or $2.88 per basic share and $2.77 per diluted share on revenue of $1,036,273,000 a year ago. Profit before income taxes was $17,848,000 compared to $67,991,000 a year ago. Interest revenue was $56,800,000, an increase of 23.8% compared to $45,900,000 in 2010. The increase is primarily attributable to interest earned by the government trading desk. At December 31, 2011, book value per share was $37.08 and tangible book value per share was $24.46. The company announced a quarterly cash dividend in the amount of $0.11 per share, payable on February 24, 2012 to holders of Class A non-voting and Class B voting common stock of record on February 10, 2012.