Earnings Feed

0.01%

The quarter as with most all our recent quarters, exhibited exemplary net charge-offs at 0.01%.

$542 million closed or under contract

Exceeded the upper end of initial $300 million to $500 million target, now raised to $650 million.

$839 million

Evercore delivered strong results, generating adjusted net revenues of $839 million, up nearly 21% year-over-year.

$1.00

Net income per diluted share increased 8.7% over the prior year to $1 per share or $401 million with an annualized return on beginning of year equity of 19.1%.

$82 million

An $82 million charge-off related to the First Brands bankruptcy represented full exposure to that company, contributing 23 basis points or about 35% of total net charge-offs for the quarter.

$1.87 per share

We earned a record $1.87 per share this quarter, a robust 13% increase over last year's results and 6% higher than last quarter.

$170 million charge-offs

Charge-offs were slightly elevated due to a couple of instances of apparent fraud in certain secured lending facilities, contributing $170 million in the quarter.