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Mar 31, 2021
B. Riley Q1 2021 Earnings Report
B. Riley reported a strong first quarter of 2021, driven by exceptional results from investment banking and enhanced by investment gains.
Key Takeaways
B. Riley Financial reported a net income of $252.9 million and diluted EPS of $8.81 for Q1 2021. Total revenues reached $600.2 million, with operating revenues at $333.2 million. The company declared a dividend of $3.00 per share, including a regular dividend of $0.50 and a special dividend of $2.50.
Net income was reported at $252.9 million, with diluted EPS of $8.81.
Total revenues reached $600.2 million, and operating revenues were $333.2 million.
Adjusted EBITDA totaled $385.5 million, while operating EBITDA was $122.7 million.
A dividend of $3.00 per share was declared, including $0.50 regular and $2.50 special.
Forward Guidance
B. Riley Financial is well-positioned to support clients and partners through various economic cycles, focusing on growth and investment in its platform.
Positive Outlook
- Completed the acquisition of National Holdings, adding nearly 700 registered representatives.
- Wealth management saw $31 billion in combined assets as of March 31 after National acquisition.
- Added a new risk and compliance practice to enhance advisory services.
- Seeing more opportunities and increased collaboration across businesses.
- Meaningful capital return policy is consistent with shareholder commitment.
Challenges Ahead
- The unpredictable and ongoing impact of the COVID-19 pandemic.
- Risks associated with investment banking and institutional brokerage.
- Risks related to private wealth and investment management.
- Risks associated with financial consulting and corporate restructuring.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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