Silvercrest Q3 2022 revenue falls 13% to $29M; AUM drops to $27.4B

Silvercrest Asset Management Group Inc.

2022-Q3 EPS reported $1.70 revenue$94,725,000

Revenue $29.0M (down 13.2% YoY from $33.5M); GAAP net income $5.6M.
GAAP EPS $0.35 per basic/diluted share; adjusted EPS $0.35 basic / $0.34 diluted.
Discretionary AUM $19.4B, down 13.8% YoY; total AUM $27.4B, down 11.6% YoY.
Declared quarterly dividend $0.18/share payable Dec 16, 2022; repurchased 286k shares for $5.2M in Q3.
Adjusted EBITDA $8.2M (28.1% margin) vs $10.3M (30.9%) prior year.

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 0.95

Silvercrest Asset Management Group Inc. reported financial results for the three and nine months ended September 30, 2022.

Period: the three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 3, 2022, Silvercrest Asset Management Group Inc. (the “Company”) issued a press release announcing certain consolidated financial and operating results for the three and nine months ended September 30, 2022. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000950170-22-021897

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