Evercore Q1 2022 Earnings Report
Key Takeaways
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.
Record First Quarter Net Revenues of $722.9 million on a U.S. GAAP basis and $728.3 million on an Adjusted basis increased 9% on both a U.S. GAAP and an Adjusted basis versus First Quarter 2021
Record First Quarter Earnings Per Share of $3.79 on a U.S. GAAP basis and $3.80 on an Adjusted basis increased 17% and 16% on a U.S. GAAP and an Adjusted basis, respectively, versus First Quarter 2021
Advisory Revenues of $624.6 million on a U.S. GAAP basis and $624.9 million on an Adjusted basis were also records for a first quarter, increasing 22% on both a U.S. GAAP and an Adjusted basis versus the same period in 2021
Served as bookrunner on over 90% of underwriting participations in Q1 2022
Evercore
Evercore
Evercore Revenue by Segment
Forward Guidance
Evercore is closely monitoring factors that could weigh on global M&A activity in the intermediate-term, including the war in Ukraine, mounting inflationary pressures, supply chain constraints and rising rates.
Challenges Ahead
- War in Ukraine
- Mounting inflationary pressures
- Supply chain constraints
- Rising rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income