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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.
Evercore
Evercore
Evercore Revenue by Segment
Revenue by Segment
Advisory Fees Revenue
CapyFin.comUnderwriting Fees Revenue
CapyFin.comCommissions and Related Revenue
CapyFin.comAsset Management and Administration Fees Revenue
CapyFin.com 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.
- 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