- Adjusted net income for the quarter was $25.9 million or $0.18 per share, excluding $2 million of acquisition-related costs and miscellaneous items.
- Assets under management (AUM) reached a record $126 billion at June 30, with U.S.-listed AUM at $85.2 billion and European AUM at $40.5 billion, both all-time highs.
- Digital assets AUM more than doubled since last quarter, reaching $350 million at quarter-end and approximately $500 million currently.
- WisdomTree reported revenues of $112.6 million for Q2 2025, up 4.2% sequentially and 5.2% year-over-year, driven by higher average AUM.
- Year-to-date inflows totaled $6.6 billion, with broad and diverse contributions across U.S., Europe, and digital assets.
- Year-to-date revenues grew 8.3%, supported by higher average AUM and increased other revenues from European listed products, partially offset by a lower average fee capture.
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- Adjusted compensation ratio improved to 65.4%, down 60 basis points year-over-year, while adjusted noncompensation expenses rose 9% due to technology and occupancy costs.
- Adjusted operating income was $157 million, a 37% increase versus Q2 2024, with adjusted EPS of $2.42, up 34% year-over-year.
- Advisory fees increased 23% year-over-year to $698 million, a record for the quarter.
- Asset Management and Administration Fees grew 3% to $21 million, driven by market appreciation and net inflows.
- Cash and investment securities totaled over $1.7 billion as of June 30, with positive cash flow and $532 million returned to shareholders in the first half through buybacks and dividends.
- Evercore delivered adjusted net revenues of $839 million in Q2 2025, up nearly 21% year-over-year, marking record revenues for both the quarter and first half of the year.
- GAAP net revenues, operating income, and EPS were $834 million, $150 million, and $2.36 per share respectively in Q2 2025.
- Share repurchases totaled approximately 1.7 million shares year-to-date at an average price of $258.5 per share, fully offsetting dilution from RSU grants.
- Underwriting revenues rose 4% to $32 million, commissions and related revenue increased 10% to $58 million.
- Adjusted earnings per share reached a record $1.31, up 70% versus Q3 2024.
- Adjusted pretax margins exceeded 51%, reflecting strong expense management and revenue growth.
- Client margin balances hit a record $97.2 billion, up 16% from year-end 2024.
- Net interest revenue increased 37% year-over-year, driven by loan growth and securities lending.
- Pledged Asset Line (PAL) balances grew 37% year-over-year to $23.4 billion.
- Returned $2.7 billion in common stock repurchases during the quarter, totaling $8.5 billion year-to-date.
- Supplemental borrowings reduced by $13 billion in Q3, now at $14.8 billion, 85% below May 2023 peak.
- Third quarter revenue grew 27% year-over-year to a record $6.1 billion.
- Advisory revenues up 60% year over year to $1.4 billion, leading global M&A advisor.
- Asset and Wealth Management revenues reached $4.4 billion, with record management fees of $2.9 billion.
- Debt underwriting revenues rose 30%, reflecting higher leveraged finance activity.
- Equity underwriting revenues increased 21% year over year, driven by IPO activity.
- FICC net revenues of $3.5 billion, up 17% year over year, with strong rates and mortgages.
- Global Banking & Markets revenues of $10.1 billion with a 17% ROE year to date.
- Net revenues of $15.2 billion and earnings per share of $12.25 in Q3 2025.
- Return on equity (ROE) of 14.2% for the quarter and 15.6% year to date.
- Common stock repurchases doubled from Q2 to $6.1 billion, and dividend was increased.
- Credit quality improved with net loan charge-off ratio declining 9 basis points year-over-year and 4 basis points sequentially.
- Net income for Q3 2025 was $5.6 billion, up 9% year-over-year, with diluted earnings per share of $1.66.
- Net interest income increased $242 million (2%) from Q2, despite a 7 basis point decline in net interest margin due to growth in lower-yielding trading assets.
- Non-interest expense rose 6% year-over-year, driven by $296 million severance, higher revenue-related compensation, and increased technology and advertising spend.
- Non-interest income grew 9% year-over-year, led by wealth management and investment banking fee growth.
- Return on tangible common equity (ROTCE) improved to 15.2% in Q3, approaching the 15% target set in 2020.
- Revenue increased 5% from a year ago, driven by growth in net interest income and strong fee-based revenue.
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