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Evercore Inc. (NYSE: EVR) is a leading global independent investment banking advisory firm, renowned for delivering superior results through independent and innovative advice. Established in 1995 and headquartered in New York, Evercore is dedicated to assisting its clients with strategic matters that are of critical importance to boards of directors, management teams, and shareholders. The firm's core services include mergers and acquisitions, strategic shareholder advisories, restructurings, and capital structure consulting.
Evercore is also a prominent player in capital markets, supporting clients in raising both public and private capital. Additionally, the firm offers comprehensive equity research, sales, and trading execution services. High net worth and institutional investors benefit from Evercore's wealth and investment management services, further solidifying the firm's all-encompassing approach to financial advisory.
The company's global presence is marked by its offices and affiliate locations in key financial hubs across North America, Europe, South America, the Middle East, and Asia. Evercore went public in 2006 and, as of the end of 2023, employs approximately 2,200 professionals. Notably, about 75% of Evercore's revenue is generated from its operations within the United States, with financial advisory being the primary revenue driver.
Evercore's commitment to excellence and independent advice has established it as a trusted advisor in the financial industry. The firm continues to evolve, embracing new opportunities and delivering unparalleled value to its clients. For more information, please visit www.evercore.com.
Evercore Inc. (NYSE: EVR) reported its Q1 2023 results, with net revenues of $572.1 million, a 21% decline from $722.9 million in Q1 2022. Adjusted net revenues were $577.8 million, down from $728.3 million. Net income fell to $83.4 million from $158.0 million year-over-year. Diluted earnings per share decreased to $2.06, compared to $3.79 in the previous year. The compensation ratio rose to 64.1%, alongside a decrease in operating margin to 18.7%. Evercore declared a quarterly dividend of $0.76 per share, a 6% increase, to be paid on June 9, 2023. During the quarter, Evercore returned $327.8 million to shareholders through dividends and share repurchases. The firm advised Blackstone on a $4.6 billion acquisition, indicating resilience amid market challenges.
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