Every material Form 8-K Evercore filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Evercore reported third quarter 2023 results on a U.S. GAAP basis, with net revenues of $570.2 million, down 1% from $576.9 million a year earlier. Net income attributable to Evercore fell to $52.1 million from $82.4 million, and diluted EPS dropped to $1.30 from $2.03, as advisory fees declined and compensation costs rose as a share of revenue. The company also declared a quarterly dividend of $0.76 per share, payable December 8, 2023.
Q3 2023 GAAP net revenues were $570.2 million versus $576.9 million in Q3 2022; operating income was $76.8 million versus $130.4 million.
Q3 2023 GAAP net income attributable to Evercore was $52.1 million, or $1.30 diluted EPS, versus $82.4 million, or $2.03, a year earlier.
Advisory fees fell 4% in the quarter and 23% year to date, while the compensation ratio rose to 68.7% from 61.7%.
Quarterly dividend of $0.76 per share declared October 24, 2023, payable December 8, 2023 to holders of record on November 24, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Evercore filing is on SEC EDGAR ↗. 8-K briefs of other companies →