Evercore Inc (N:EVR)

Business Focus: Investment Banking & Brokerage Services

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 55 E 52nd St Fl 38
NEW YORK NY 10055-0002
Tel: N/A
Website: https://www.evercore.com
IR: See website
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Key People
John S. Weinberg
Chairman of the Board, Chief Executive Officer
Roger C. Altman
Senior Chairman of the Board, Founder
Edward S. Hyman
Vice Chairman, Chairman of Evercore ISI
Timothy Lalonde
Chief Financial Officer
Jason Klurfeld
General Counsel, Corporate Secretary
 
Business Overview
Evercore Inc. is an independent investment banking advisory company. The Company operates in two segments: Investment Banking & Equities and Investment Management. The Investment Banking & Equities segment includes the investment banking business through which it provides advice to clients on mergers, acquisitions, divestitures, shareholder activism and other strategic corporate transactions with a particular focus on advising multinational corporations and private equity firms on large, complex transactions. It provides liability management and restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. The Investment Management segment includes the wealth management business, through which it provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, and the private equity business, which holds interests in private equity funds, not managed by the Company.
Financial Overview
For the fiscal year ended 31 December 2023, Evercore Inc revenues decreased 12% to $2.44B. Net income decreased 46% to $255.5M. Revenues reflect Investment Banking segment decrease of 13% to $2.36B, United States segment decrease of 14% to $1.72B, Europe and other segment decrease of 23% to $609.7M. Net income also reflects Investment Banking segment income decrease of 50% to $342.3M. Dividend per share increased from $2.84 to $3.00.
Employees: 2,195 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,775M as of Dec 31, 2023
Annual revenue (TTM): $2,443M as of Dec 31, 2023
EBITDA (TTM): $386.40M as of Dec 31, 2023
Net annual income (TTM): $255.48M as of Dec 31, 2023
Free cash flow (TTM): $310.04M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 38,679,492 as of Feb 14, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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