Evercore Q2 earnings: revenue down 21% YoY, EPS $0.95 from $2.33, dividend $0.76

Evercore Inc.

2023-Q2 EPS reported $3.02 revenue$1,079,914,000

Net revenues $499.4M (-21% YoY); adjusted revenues $505.1M; GAAP diluted EPS $0.95, adjusted $0.96.
Advisory fees fell 35% to $374.6M; underwriting fees surged 183% to $38.2M on follow-on offerings.
Compensation ratio rose to 67.8% from 61.7%; operating margin halved to 11.6% from 23.2%.
Quarterly dividend declared $0.76 per share, payable Sept 8; YTD returned $418.7M via dividends and buybacks.
Hired 11 Advisory SMDs YTD; total headcount 2,245; cash and equivalents $520.6M.

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

Evercore Inc. reported second quarter ended June 30, 2023 results: revenue $ 499.4, net income $ 37.2, EPS $ 0.95.

Period: second quarter ended June 30, 2023
Revenue: $ 499.4
Net income: $ 37.2
EPS: $ 0.95
Result: reported results

Exact text from the filing

SHARE Second Quarter Results Year to Date Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q2 2023 Q2 2022 Q2 2023 Q2 2022 YTD 2023 YTD 2022 YTD 2023 YTD 2022 Net Revenues ($ mm) $ 499.4 $ 630.9 $ 505.1 $ 637.4 $ 1,071.6 $ 1,353.8 $ 1,082.9 $ 1,365.8 Operating Income ($ mm) $ 57.7 $ 146.2 $ 63.4 $ 153.2 $ 164.6 $ 355.5 $ 178.9 $ 368.1 Net Income Attributable to

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Source: SEC EDGAR

accession 0001360901-23-000015

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