Silvercrest Q1 2023: revenue $29.4M (-12.2% YoY), adjusted EPS $0.35, AUM $29.9B (-4.2%)

Silvercrest Asset Management Group Inc.

2023-Q1 EPS reported $0.33 revenue$29,430,000

Revenue $29.4M (-12.2% YoY); GAAP diluted EPS $0.33 vs $0.77; adjusted diluted EPS $0.35 vs $0.45.
Adjusted EBITDA $8.2M (27.8% margin) vs $10.3M (30.6%) a year ago.
Total AUM $29.9B, down 4.2% YoY; discretionary AUM $21.3B, down 10.5% YoY on net outflows and market depreciation.
Declared quarterly dividend $0.18/share, payable June 16, 2023.
Repurchased ~96k shares for $1.6M in Q1; OCIO AUM grew to $1.52B.

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 the three months ended March 31, 2023 results: revenue $29.4 million, net income $3.2 million, EPS $0.33.

Period: the three months ended March 31, 2023
Revenue: $29.4 million
Net income: $3.2 million
EPS: $0.33
Result: reported results

Exact text from the filing

Quarter 2023 Highlights • Total AUM of $29.9 billion, inclusive of discretionary AUM of $21.3 billion and non-discretionary AUM of $8.6 billion at March 31, 2023. • Revenue of $29.4 million. • U.S. Generally Accepted Accounting Principles (“GAAP”) consolidated net income and net income attributable to Silvercrest of $5.3 million and $3.2 million, respectively. •

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Source: SEC EDGAR

accession 0000950170-23-017854

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