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Jun 30, 2021
Evercore Q2 2021 Earnings Report
Evercore achieved record results driven by strong advisory performance and strategic growth initiatives.
Key Takeaways
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.
Record Second Quarter and First Half Revenues on a U.S. GAAP and an Adjusted basis.
Advisory revenues surpassed $1 billion for the first time.
Maintained #1 league table ranking in the U.S. for announced M&A volumes among independent firms.
Returned nearly $500 million to shareholders through dividends and repurchases of 3.3 million shares year-to-date.
Revenue by Segment
Forward Guidance
Evercore is positioned for continued success in a favorable macroeconomic environment.
Positive Outlook
- Advisory teams continue to be busy across capabilities and geographies.
- First half Advisory revenues increased more than 50% year-over-year and surpassed $1 billion for the first time.
- Continued participation in Underwriting assignments across diverse industries.
- Continue to deliver high quality content to our client base and had a very active quarter with conferences.
- Three Advisory Senior Managing Directors committed to join Evercore over the next few months to strengthen areas of strategic significance and dialogues with potential recruits remain high.
Challenges Ahead
- No specific negative guidance provided in the earnings report.
- No specific negative guidance provided in the earnings report.
- No specific negative guidance provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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