secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0000950170-23-005829
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvercrest reports Q4 2022 revenue down 15.7% YoY; AUM declines 10.5% for year
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- Revenue $28.5M in Q4 2022 vs $33.8M in Q4 2021 (-15.7%); full year revenue $123.2M vs $131.6M (-6.4%).
- GAAP net income $3.3M in Q4 ($0.22 per share); adjusted diluted EPS $0.15 in Q4 vs $0.58 in prior year.
- Total AUM $28.9B at Dec 31, 2022, down 10.5% from $32.3B a year ago; discretionary AUM $20.9B, down 16.7%.
- Adjusted EBITDA $4.4M in Q4 (15.6% margin) vs $13.0M (38.5% margin) in Q4 2021; full year $32.0M (26.0% margin).
- Repurchased ~190,000 shares for $3.5M in Q4; OCIO initiative AUM $1.45B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000095017023005829/0000950170-23-005829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000095017023005829/samg-20230302.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005829

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