Evercore Earnings Reports

Evercore reported strong Q4 and full-year 2024 results, with net revenues increasing by 24% compared to the previous year. The company's strategic advisory business advised on several notable transactions, and both Private Capital Advisory and Private Funds Group had record years. Evercore ISI was recognized as the #1 Firm in U.S. Equity Research for the third consecutive year.

Evercore reported a strong third quarter in 2024, with a 29% increase in net revenues to $734.2 million on a U.S. GAAP basis. Operating income increased by 59% to $122.0 million, and diluted earnings per share rose to $1.86. The company benefited from strong activity levels across its businesses.

Evercore reported a strong second quarter with record net revenues of $689.2 million on a U.S. GAAP basis, representing a 38% increase compared to the same period last year. The firm's operating income increased by 88% to $108.2 million, and diluted earnings per share rose to $1.81.

Evercore reported a 2% increase in both U.S. GAAP and Adjusted net revenues, reaching $580.8 million and $587.3 million respectively. The firm advised on several of the largest global transactions and experienced momentum in its underwriting business. The company also increased its quarterly dividend by 5% to $0.80 per share and returned $308.5 million to shareholders through dividends and share repurchases.

Evercore reported Q4 2023 results, with net revenues of $784.2 million on a U.S. GAAP basis and $790.3 million on an adjusted basis. The company advised on significant transactions and saw its Equities business achieve its strongest fourth quarter in five years. Despite a challenging operating environment in 2023, Evercore continued to invest in its business.

Evercore reported Q3 2023 results, showing a slight decrease in net revenues compared to Q3 2022. The company advised on significant transactions, including Chevron's acquisition of Hess. Evercore ISI maintained its #1 rank for equity research.

Evercore reported second quarter net revenues of $499.4 million on a U.S. GAAP basis and $505.1 million on an Adjusted basis, a decrease of 21% compared to the previous year. However, underwriting fees increased by 183% year-over-year, driven by an increase in the number of transactions. The firm's adjusted EPS was $0.96, compared to $2.46 in the prior year.

Evercore reported a decrease in first quarter net revenues to $572.1 million on a U.S. GAAP basis and $577.8 million on an Adjusted basis, a 21% decrease compared to Q1 2022. The company advised on notable transactions, including Blackstone's acquisition of Cvent and Diversey Holdings' sale to Solenis. Despite challenging market conditions, Evercore returned $327.8 million to shareholders through dividends and share repurchases.

Evercore reported Q4 2022 net revenues of $831.3 million and net income of $140.4 million on a U.S. GAAP basis. Adjusted net revenues were $836.7 million and adjusted net income was $152.4 million. While these results represent a decrease compared to Q4 2021, Evercore's full-year performance was the second best in the firm's history.

Evercore Inc. announced its Q3 2022 results, with net revenues of $576.9 million on a U.S. GAAP basis and $583.2 million on an Adjusted basis. The company advised STORE Capital on its $14 billion sale and was a bookrunner on the largest IPO year-to-date, Corebridge Financial, for $1.7 billion.

Evercore reported second quarter net revenues of $630.9 million on a U.S. GAAP basis. Advisory revenues for the first half of 2022 reached a record $1.2 billion. The firm remains committed to its capital return strategy, returning $502.0 million to shareholders in the first six months of the year.

Evercore reported record first quarter net revenues of $722.9 million on a U.S. GAAP basis and $728.3 million on an Adjusted basis, a 9% increase compared to the first quarter of 2021. Record first quarter earnings per share were $3.79 on a U.S. GAAP basis and $3.80 on an Adjusted basis, a 17% and 16% increase, respectively, compared to the same period last year.

Evercore reported record fourth quarter and full year net revenues on a U.S. GAAP and an Adjusted basis. Full Year 2021 Net Revenues increased 45% and 43% on a U.S. GAAP and an Adjusted basis, respectively, versus the prior record in 2020. Record Fourth Quarter and Full Year Operating Margins and Net Income on a U.S. GAAP and an Adjusted basis.

Evercore announced record third-quarter revenues, driven by robust M&A activity and successful strategic growth initiatives. The firm ranked #1 globally and in the U.S. among independents in M&A league tables. The company returned $135.2 million to shareholders through buybacks and dividends in the third quarter.

Evercore reported record second-quarter results, with revenues increasing by 36% to $687.9 million and operating income increasing by 139% to $207.0 million. The firm's advisory teams remained active across capabilities and geographies, contributing to a significant increase in advisory revenues. Additionally, Evercore continued to strengthen its strategic alliance in Brazil through the acquisition of a 20% interest in Seneca Evercore.

Evercore reported a record first quarter in 2021, with net revenues increasing by 55% to $662.3 million and adjusted net revenues increasing by 54% to $669.9 million. The company's advisory business maintained its #1 league table ranking for announced M&A volumes among independent firms, and the underwriting business experienced significant momentum.

Evercore reported record fourth quarter net revenues of $927.3 million (U.S. GAAP) and $969.9 million (Adjusted). Diluted Earnings Per Share were $5.02 (U.S. GAAP) and $5.67 (Adjusted).

Evercore reported flat net revenues on both U.S. GAAP and adjusted basis compared to Q3 2019. Underwriting revenue increased by 278% compared to the prior year period. The firm maintained its #1 league table ranking for announced M&A transaction volume among independents.

Evercore reported a decrease in net revenues by 5% on a U.S. GAAP basis for Q2 2020, primarily due to a decrease in Advisory Fees, which was partially offset by increases in Underwriting Fees and Commissions. Despite the challenging environment, the company delivered a 20% Adjusted operating margin.

Evercore reported the second strongest first quarter revenues in its history, with net revenues increasing by 3% compared to Q1 2019. The company's Equities team was active, and previously announced transactions were completed. However, the company anticipates that revenues and operating margins in upcoming quarters will be significantly and negatively affected by the depressed economic and market environment caused by COVID-19.

Evercore reported a decrease in net revenues by 14% compared to Q4 2018, primarily driven by a decrease in Advisory Fees. Despite the revenue decline, Underwriting Fees increased by 217%.