secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017854
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000095017023017854/0000950170-23-017854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000095017023017854/samg-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017854

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer