Evercore Inc. Q2 2024 10-Q Filed
Ticker: EVR · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1360901
| Field | Detail |
|---|---|
| Company | Evercore Inc. (EVR) |
| Form Type | 10-Q |
| Filed Date | Aug 2, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, investment-banking
TL;DR
Evercore's Q2 10-Q is in, check the advisory fees and revenue numbers.
AI Summary
Evercore Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter of 2024, detailing its performance in investment banking and equities. Specific figures for advisory fees and other revenue streams are included in the filing.
Why It Matters
This filing provides investors with an update on Evercore's financial health and operational performance in the second quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial performance or risks.
Key Numbers
- 2024-06-30 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2024-08-02 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Evercore Inc. (company) — Filer of the 10-Q
- 2024-06-30 (date) — End of the reporting period
- 2024-08-02 (date) — Filing date
- 55 EAST 52ND STREET (location) — Company's business address
- NEW YORK (location) — Company's business city
FAQ
What were Evercore's total advisory fees for the quarter ending June 30, 2024?
The filing indicates reporting for 'AdvisoryFeesMember' for the period 2024-04-01 to 2024-06-30, but specific dollar amounts are not detailed in this header information.
What is Evercore Inc.'s fiscal year end?
Evercore Inc.'s fiscal year ends on December 31.
What is the SEC file number for Evercore Inc.?
The SEC file number for Evercore Inc. is 001-32975.
When was Evercore Inc. formerly known as Evercore Partners Inc.?
The company changed its name from Evercore Partners Inc. on April 27, 2006.
What is the primary business address of Evercore Inc.?
The primary business address is 55 East 52nd Street, 38th Floor, New York, NY 10055.
Filing Stats: 4,558 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2024-08-02 16:06:53
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share EVR New York Stock Exchange
Filing Documents
- evr-20240630.htm (10-Q) — 1997KB
- evr6302024ex311.htm (EX-31.1) — 7KB
- evr6302024ex312.htm (EX-31.2) — 7KB
- evr6302024ex321.htm (EX-32.1) — 5KB
- evr6302024ex322.htm (EX-32.2) — 5KB
- 0001360901-24-000018.txt ( ) — 10125KB
- evr-20240630.xsd (EX-101.SCH) — 77KB
- evr-20240630_cal.xml (EX-101.CAL) — 88KB
- evr-20240630_def.xml (EX-101.DEF) — 418KB
- evr-20240630_lab.xml (EX-101.LAB) — 752KB
- evr-20240630_pre.xml (EX-101.PRE) — 565KB
- evr-20240630_htm.xml (XML) — 1594KB
Financial Information
Part I. Financial Information
Financial Statements
Item 1. Financial Statements 3
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 34
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 53
Controls and Procedures
Item 4. Controls and Procedures 54
Other Information
Part II. Other Information
Legal Proceedings
Item 1. Legal Proceedings 55
Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Item 2. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 55
Exhibits
Item 6. Exhibits 56
Signatures
Signatures 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Condensed Consolidated Financial Statements (Unaudited) Page Condensed Consolidated Statements of Financial Condition as of June 3 0 , 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and six months ended June 3 0 , 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 3 0 , 2024 and 2023 6 Condensed Consolidated Statements of Changes in Equity for the three and six months ended June 3 0 , 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the six months ended June 3 0 , 2024 and 2023 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 3 Table of Contents EVERCORE INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (dollars in thousands, except share data) June 30, 2024 December 31, 2023 Assets Current Assets Cash and Cash Equivalents $ 631,619 $ 596,878 Investment Securities and Certificates of Deposit (includes available-for-sale debt securities with an amortized cost of $ 306,272 and $ 744,178 at June 30, 2024 and December 31, 2023, respectively) 1,059,783 1,436,883 Accounts Receivable (net of allowances of $ 4,991 and $ 5,603 at June 30, 2024 and December 31, 2023, respectively) 361,119 371,606 Receivable from Employees and Related Parties 25,661 25,746 Other Current Assets 165,544 174,104 Total Current Assets 2,243,726 2,605,217 Investments 43,182 43,419 Deferred Tax Assets 274,194 265,814 Operating Lease Right-of-Use Assets 359,624 378,128 Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $ 225,304 and $ 212,929 at June 30, 2024 and December 31, 2023, respectively) 134,588 137,940 Goodwill 125,053 125,493 Other Assets 135,631 147,287 Total Assets $ 3,315,998 $ 3,703,298 Liabilities and Equity Current Liabilities Accrued Compensation and Benefits $ 429,967 $ 763,160 Accounts