---
schema_version: "secwatch.filing_event.v1"
accession: "0000350894-23-000052"
form_type: "8-K"
ticker: "SEIC"
cik: "0000350894"
company_name: "SEI INVESTMENTS CO"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:52:40.909678+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SEI Q1 2023 EPS $0.79 vs $1.36; revenue down 19% to $469M

## Summary
- Net income $107M, operating profit $102M (-53% YoY).
- Private Banks revenue fell 43% to $122.6M due to prior-year $88M one-time fee.
- Average AUM (ex LSV) down 14% to $167.8B from $194.5B.
- Net sales events of $21.2M expected to generate $17.1M annualized recurring revenue.
- Repurchased 1.4M shares for $80.3M at avg $59.03/share.

## SEC filing metadata
- accession: 0000350894-23-000052
- form_type: 8-K
- ticker: SEIC
- cik: 0000350894
- company_name: SEI INVESTMENTS CO
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350894/000035089423000052/0000350894-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350894/000035089423000052/seic-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350894-23-000052
- JSON: https://secwatch.observer/filing/0000350894-23-000052.json
- Plain text: https://secwatch.observer/filing/0000350894-23-000052.txt

## Key facts
- Earnings Releases
  SEI INVESTMENTS CO reported first quarter ended March 31, 2023 results: revenue $469,119, net income $107,015, EPS $0.79.
  - Period: first quarter ended March 31, 2023
  - Revenue: $469,119
  - Net income: $107,015
  - EPS: $0.79
  - Result: reported results
  source text: Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended March 31, 2023 2022 Revenues $469,119 $581,443 Net income 107,015 190,308 Diluted earnings per share $0.79 $1.36
  evidence_url: https://www.sec.gov/Archives/edgar/data/350894/000035089423000052/0000350894-23-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.