Jefferies Q3 net earnings $51M, down 74% YoY; Investment Banking up 28% QoQ

Jefferies Financial Group Inc.

2023-Q3 EPS reported $0.82 revenue$5,472,661,000

Net earnings attributable to common shareholders $51M ($0.22 per share) vs $195M ($0.80) YoY, a 74% decline.
Net revenues $1.18B (-22% YoY); Investment Banking $645M (+28% QoQ); Capital Markets $524M; Asset Management $23M.
Book value per share $46.09; tangible book value per diluted share $31.51; shares outstanding 210.4M basic.
Quarterly dividend declared at $0.30 per share, payable Nov 28, 2023; $250M share repurchase authorization remains.
CEO cites improving market; plans to expand Investment Banking MDs from 299 to over 360 by year end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Jefferies Financial Group Inc. reported the quarter ended August 31, 2023 results: revenue $1.18 billion, net income $51 million, EPS $0.22 per basic and diluted common share.

Period: the quarter ended August 31, 2023
Revenue: $1.18 billion
Net income: $51 million
EPS: $0.22 per basic and diluted common share
Result: reported results

Exact text from the filing

of $25 million primarily as a result of certain fair value adjustments taken during the period • Annualized return on adjusted tangible equity 1 of 2.9% • Net revenues of $1.18 billion Ø Investment Banking net revenues of $645 million Ø Capital Markets net revenues of $524 million Ø Asset Management net revenues (before allocated net interest 4 ) of $23

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Jefferies Financial Group Inc. reported the nine months ended August 31, 2023 results: revenue $1.18 billion, net income $197 million, EPS $0.82 per diluted share.

Period: the nine months ended August 31, 2023
Revenue: $1.18 billion
Net income: $197 million
EPS: $0.82 per diluted share
Result: reported results

Exact text from the filing

of $25 million primarily as a result of certain fair value adjustments taken during the period • Annualized return on adjusted tangible equity 1 of 2.9% • Net revenues of $1.18 billion Ø Investment Banking net revenues of $645 million Ø Capital Markets net revenues of $524 million Ø Asset Management net revenues (before allocated net interest 4 ) of $23

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Source: SEC EDGAR

accession 0000096223-23-000029

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