---
schema_version: "secwatch.filing_event.v1"
accession: "0000350894-24-000078"
form_type: "8-K"
ticker: "SEIC"
cik: "0000350894"
company_name: "SEI INVESTMENTS CO"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:58:14.641829+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SEI Q1 EPS $0.99 (+25% YoY), revenue $511.6M (+9%); Private Banks OP up 103%

## Summary
- Diluted EPS $0.99 vs $0.79 Q1 2023 (+25%); revenue $511.6M (+9%).
- Private Banks operating profit surged 103% to $17.2M; Investment Advisors operating margin 45%.
- Net sales events in Private Banks & Investment Managers totaled $24.5M, expected to generate ~$20.7M annual recurring revenue.
- LSV earnings rose to $31.6M (+9%) on market appreciation and performance fees; repurchased 808k shares for $56M.
- Free cash flow $92.9M; capitalized software $6.3M for SWP and new IM platform.

## SEC filing metadata
- accession: 0000350894-24-000078
- form_type: 8-K
- ticker: SEIC
- cik: 0000350894
- company_name: SEI INVESTMENTS CO
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350894/000035089424000078/0000350894-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350894/000035089424000078/seic-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350894-24-000078
- JSON: https://secwatch.observer/filing/0000350894-24-000078.json
- Plain text: https://secwatch.observer/filing/0000350894-24-000078.txt

## Key facts
- Earnings Releases
  SEI INVESTMENTS CO reported first quarter ended March 31, 2024 results: revenue $511,579, net income 131,400, EPS $0.99.
  - Period: first quarter ended March 31, 2024
  - Revenue: $511,579
  - Net income: 131,400
  - EPS: $0.99
  - Result: reported results
  source text: 2024 compared to $0.79 in first-quarter 2023. Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended March 31, 2024 2023 % Revenues $511,579 $469,119 9% Net income 131,400 107,015 23% Diluted earnings per share $0.99 $0.79 25% “We entered 2024 with continued momentum, reflecting our strategic focus on increasing sales
  evidence_url: https://www.sec.gov/Archives/edgar/data/350894/000035089424000078/0000350894-24-000078-index.htm

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