Evercore Q1 net rev $581M (+2% YoY); adj EPS $2.13; dividend raised to $0.80

Evercore Inc.

2024-Q1 EPS reported $2.09 revenue$585,003,000

GAAP net revenue $580.8M (+2% YoY); adjusted net revenue $587.3M, both up 2%.
GAAP diluted EPS $2.09; adjusted EPS $2.13 vs $2.16 in Q1 2023.
Advisory fees fell 7% to $429.8M; underwriting fees surged 143% to $55.5M.
Quarterly dividend increased 5% to $0.80/share; payable June 14 to holders of record May 31.
Repurchased 1.5M shares at avg $177.04, returning $308.5M to shareholders.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Evercore Inc. reported the first quarter ended March 31, 2024 results: revenue $580.8 million, net income $85.7 million, EPS $2.09.

Period: the first quarter ended March 31, 2024
Revenue: $580.8 million
Net income: $85.7 million
EPS: $2.09
Result: reported results

Exact text from the filing

% 66.0 % 63.5 % Operating Margin 14.5 % 18.7 % 15.4 % 20.0 % Effective Tax Rate (7.7 %) 14.9 % (9.3 %) 15.2 % Business and Financial Highlights g First Quarter Net Revenues of $580.8 million on a U.S. GAAP basis and $587.3 million on an Adjusted basis increased 2% on both a U.S. GAAP and an Adjusted basis versus First Quarter 2023 g In the first quarter, we advised

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accession 0001360901-24-000009

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