Silvercrest Q2 revenue $29.7M, net income $5.1M; AUM $31.9B up 11% YoY

Silvercrest Asset Management Group Inc.

2023-Q2 EPS reported $0.66 revenue$59,164,000

Revenue down 7.6% YoY to $29.7M; net income $5.1M vs $9.5M in Q2 2022.
GAAP diluted EPS $0.33; adjusted diluted EPS $0.34, down from $0.39 a year ago.
Discretionary AUM $21.5B, up 5.4% YoY; total AUM $31.9B, up 11.1%.
Board declared quarterly dividend $0.19/share, payable Sept 15, record Sept 8.
Adjusted EBITDA margin 27.3% for Q2 vs 28.5% prior year; cash $47.4M at quarter end.

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 0.9

Silvercrest Asset Management Group Inc. reported the six months ended June 30, 2023 results: revenue $59,164, net income $6,289, EPS $0.66.

Period: the six months ended June 30, 2023
Revenue: $59,164
Net income: $6,289
EPS: $0.66
Result: reported results

Exact text from the filing

measures and AUM. For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands except as indicated) 2023 2022 2023 2022 Revenue $ 29,734 $ 32,173 $ 59,164 $ 65,683 Income before other income (expense), net $ 6,518 $ 11,900 $ 13,269 $ 27,339 Net income $ 5,135 $ 9,473 $ 10,445 $ 21,869 Net income margin 17.3 % 29.4 % 17.7 % 33.3 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Silvercrest Asset Management Group Inc. reported the quarter ended June 30, 2023 results: revenue $29.7 million, net income $3.1 million, EPS $0.33.

Period: the quarter ended June 30, 2023
Revenue: $29.7 million
Net income: $3.1 million
EPS: $0.33
Result: reported results

Exact text from the filing

Quarter 2023 Highlights • Total AUM of $31.9 billion, inclusive of discretionary AUM of $21.5 billion and non-discretionary AUM of $10.4 billion at June 30, 2023. • Revenue of $29.7 million. • U.S. Generally Accepted Accounting Principles (“GAAP”) consolidated net income and net income attributable to Silvercrest of $5.1 million and $3.1 million, respectively. •

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Source: SEC EDGAR

accession 0000950170-23-035130

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