Silvercrest Q2 revenue up 4.2% to $31M; net income down to $2.7M

Silvercrest Asset Management Group Inc.

2024-Q2 EPS reported $0.60 revenue$61,265,000

Revenue $31.0M (+4.2% YoY); adjusted diluted EPS $0.30 vs $0.34.
Total AUM $33.4B; discretionary AUM fell $1.1B QoQ to $21.6B on institutional outflows.
Board declares $0.20/share quarterly dividend, a 5% increase from $0.19.
Net income margin 14.1% vs 17.3% YoY on higher comp and G&A.
Hired a global equity investment team and a Southeast UHNW business development pro.

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