v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Investment Banking & Equities:        
Other Revenue, Including Interest and Investments $ 10,188 $ (637) $ 61,255 $ (25,455)
Total Revenues 574,404 581,125 1,654,318 1,943,404
Interest Expense 4,184 4,188 12,536 12,696
Net Revenues 570,220 576,937 1,641,782 1,930,708
Expenses        
Employee Compensation and Benefits 391,730 355,794 1,096,976 1,174,500
Occupancy and Equipment Rental 22,094 19,680 63,994 58,465
Professional Fees 28,390 29,294 79,992 81,207
Travel and Related Expenses 13,465 12,862 46,090 35,474
Communications and Information Services 18,435 15,333 52,006 45,745
Depreciation and Amortization 5,848 7,065 18,373 20,772
Execution, Clearing and Custody Fees 3,115 2,378 8,845 7,806
Special Charges, Including Business Realignment Costs 0 0 2,921 532
Other Operating Expenses 10,317 4,132 31,139 20,262
Total Expenses 493,394 446,538 1,400,336 1,444,763
Income Before Income from Equity Method Investments and Income Taxes 76,826 130,399 241,446 485,945
Income from Equity Method Investments 1,664 2,027 4,674 6,813
Income Before Income Taxes 78,490 132,426 246,120 492,758
Provision for Income Taxes 19,717 40,790 52,945 114,134
Net Income 58,773 91,636 193,175 378,624
Net Income Attributable to Noncontrolling Interest 6,625 9,198 20,444 42,543
Net Income Attributable to Evercore Inc. 52,148 82,438 172,731 336,081
Net Income Attributable to Evercore Inc. Common Shareholders $ 52,148 $ 82,438 $ 172,731 $ 336,081
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 37,823 39,114 38,179 39,375
Diluted (in shares) 40,000 40,527 39,907 41,104
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:        
Basic (in dollars per share) $ 1.38 $ 2.11 $ 4.52 $ 8.54
Diluted (in dollars per share) $ 1.30 $ 2.03 $ 4.33 $ 8.18
Investment Banking and Equities [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer $ 546,912 $ 566,121 $ 1,543,226 $ 1,920,135
Net Revenues 552,641 560,518 1,589,698 1,880,069
Expenses        
Income Before Income from Equity Method Investments and Income Taxes 73,212 126,919 229,924 474,826
Income from Equity Method Investments 180 451 394 989
Income Before Income Taxes 73,392 127,370 230,318 475,815
Investment Banking and Equities [Member] | Advisory Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 467,401 488,224 1,304,519 1,689,033
Investment Banking and Equities [Member] | Underwriting Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 30,814 28,697 91,897 78,519
Investment Banking and Equities [Member] | Commissions and Related Revenue [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 48,697 49,200 146,810 152,583
Investment Management [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 17,304 15,641 49,837 48,724
Net Revenues 17,579 16,419 52,084 50,639
Expenses        
Income Before Income from Equity Method Investments and Income Taxes 3,614 3,480 11,522 11,119
Income from Equity Method Investments 1,484 1,576 4,280 5,824
Income Before Income Taxes 5,098 5,056 15,802 16,943
Investment Management [Member] | Asset Management and Administration Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer $ 17,304 $ 15,641 $ 49,837 $ 48,724