Associated Capital Q4 net income $13.7M ($0.62 EPS); full year net loss $48.9M as investments decline

Associated Capital Group, Inc.

2022-FY EPS reported -$2.22 revenue$15,228,000

Full year revenue $15.2M, down 27% YoY from $20.9M on lower incentive fees.
Operating loss $11.3M for 2022 vs $19.1M in 2021; improved on lower compensation.
AUM record $1.84B at year-end, up from $1.78B, with net inflows of $100M for the year.
Merger arbitrage fund gross return +4.47% (net +2.75%) in 2022; positive net returns 36 of last 38 years.
Book value per share $40.48 at Dec 31, 2022 vs $42.48 a year ago; dividends and buybacks continue.

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 0.95

Associated Capital Group, Inc. reported financial results for quarter ended December 31, 2022.

Period: quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 8, 2023, Associated Capital Group, Inc. (NYSE: AC) (“Associated Capital”), announced its results of operations for the quarter, and year, ended December 31, 2022.

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Associated Capital Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-003183

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