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Sep 30, 2022

Evercore Q3 2022 Earnings Report

Evercore reported third quarter results, with net revenues decreasing versus 2021 but representing the second best third quarter results on both a U.S. GAAP and an Adjusted basis.

Key Takeaways

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.

Third Quarter Net Revenues were $576.9 million on a U.S. GAAP basis and $583.2 million on an Adjusted basis.

Evercore advised STORE Capital on its $14 billion sale to GIC and Oak Street.

Evercore was a bookrunner on the largest IPO year-to-date, Corebridge Financial, for $1.7 billion.

Evercore Private Funds Group ranked #1 in multiple categories in Preqin's 2022 Service Providers Report.

Total Revenue
$583M
Previous year: $832M
-29.9%
EPS
$2.2
Previous year: $3.96
-44.4%
Assets Under Management
$9.99B
Previous year: $11.3B
-11.8%
Bookrunner Underwriting Trans
11
Previous year: 26
-57.7%
Fees >$1M Advisory Client Trans
99
Previous year: 130
-23.8%
Gross Profit
$197M
Previous year: $308M
-36.0%
Cash and Equivalents
$473M
Previous year: $479M
-1.2%
Total Assets
$1.3B
Previous year: $3.27B
-60.3%

Evercore

Evercore

Evercore Revenue by Segment

Forward Guidance

Evercore continues to perform well in the current, challenging environment and remains steadfast in its commitment to providing the highest level of client service. The medium and long term growth outlook, and the competitive position, remain strong.

Revenue & Expenses

Visualization of income flow from segment revenue to net income