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Sep 30, 2024
Evercore Q3 2024 Earnings Report
Evercore's Q3 2024 performance was marked by revenue growth and increased profitability.
Key Takeaways
Evercore reported a strong third quarter in 2024, with a 29% increase in net revenues to $734.2 million on a U.S. GAAP basis. Operating income increased by 59% to $122.0 million, and diluted earnings per share rose to $1.86. The company benefited from strong activity levels across its businesses.
Net Revenues increased 29% compared to Q3 2023.
Operating Income increased 59% versus 2023.
Evercore advised on notable transactions in financial services, energy transition and sponsors.
Evercore was lead-left bookrunner on Diamondback Energy’s $2.6 billion follow-on offering.
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 anticipates continued success as the market improves, driven by investments in talent and platform broadening.
Positive Outlook
- Strong activity levels across nearly all businesses.
- Positioned for success as the market continues to improve.
- Continued, aggressive investments in talent.
- Broadening platform are bearing fruit.
- Investments in financial services, energy transition and sponsors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income