Evercore Q3 net income $52.1M ($1.30/sh) down 37% YoY; revenue $570M; dividend $0.76

Evercore Inc.

2023-Q3 EPS reported $4.33 revenue$1,654,318,000

Net revenue $570M (-1% YoY); GAAP net income $52.1M ($1.30 EPS) vs $82.4M ($2.03) last year.
Compensation ratio rose to 68.7% from 61.7% as revenue fell while expenses increased.
Advisory fees down 4% to $467M; underwriting fees up 7% to $30.8M; key deals include Chevron/Hess and WestRock/Smurfit Kappa.
Declared quarterly dividend $0.76/share, payable Dec 8 to holders of record Nov 24.
Year-to-date returned $490M to shareholders; repurchased 3M shares at average $128.97.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Evercore Inc. reported third quarter ended September 30, 2023 results: revenue $570.2 million, net income $52.1 million, EPS $1.30.

Period: third quarter ended September 30, 2023
Revenue: $570.2 million
Net income: $52.1 million
EPS: $1.30
Result: reported results

Exact text from the filing

% 15.8 % 25.9 % Effective Tax Rate 25.1 % 30.8 % 27.6 % 27.4 % 21.5 % 23.2 % 22.5 % 22.8 % Business and Financial Highlights g Third Quarter and Year-to-Date Net Revenues were $570.2 million and $1.6 billion, respectively, on a U.S. GAAP basis and $576.1 million and $1.7 billion, respectively, on an Adjusted basis. Year-to-Date 2023 Net Revenues decreased 15% on both

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Evercore Inc. filing history →

Source: SEC EDGAR

accession 0001360901-23-000020

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