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Sep 30, 2021

Evercore Q3 2021 Earnings Report

Evercore reported strong Q3 2021 results driven by record revenues and strategic growth initiatives.

Key Takeaways

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.

Record 3Q revenues on a U.S. GAAP and an Adjusted basis; fourth straight quarter of Advisory revenues greater than $500 million.

Ranked #1 in announced M&A volume both globally and in the U.S. among independents.

Advising on three of the top 10 largest announced U.S. M&A transactions of 2021.

Evercore ISI recognized as the top independent research firm in the Institutional Investor All-America Equity Research team rankings for the eighth straight year.

Total Revenue
$832M
Previous year: $408M
+103.6%
EPS
$3.96
Previous year: $1.11
+256.8%
Assets Under Management
$11.3B
Previous year: $10.9B
+3.5%
Advisory Transactions
257
Large Advisory Fees
130
Gross Profit
$308M
Previous year: $115M
+168.1%
Cash and Equivalents
$479M
Previous year: $1.1B
-56.5%
Total Assets
$3.27B
Previous year: $2.65B
+23.7%

Evercore

Evercore

Evercore Revenue by Segment

Forward Guidance

Our pipeline continues to be strong and we remain focused on addressing our clients’ objectives, growing our firm and returning capital to shareholders.

Revenue & Expenses

Visualization of income flow from segment revenue to net income