Exhibit 99.1

E V E R C O R E
EVERCORE REPORTS FULL YEAR 2019 RESULTS;
QUARTERLY DIVIDEND OF $0.58 PER SHARE

 
Fourth Quarter 2019 Results
 
2019 Full Year Results
 
U.S. GAAP
 
Adjusted
 
U.S. GAAP
 
Adjusted
 
 
vs.
Q4 2018
 
 
vs.
Q4 2018
 
 
vs.
2018
 
 
vs.
2018
Net Revenues ($ millions)
$
660.1

(14%)
 
$
668.5

(14%)
 
$
2,008.7

(3%)
 
$
2,032.6

(2%)
Operating Income ($ millions)
$
156.7

(37%)
 
$
179.5

(32%)
 
$
437.7

(19%)
 
$
498.5

(16%)
Net Income Attributable to Evercore Inc. ($ millions)
$
105.2

(36%)
 
$
130.1

(33%)
 
$
297.4

(21%)
 
$
373.3

(18%)
Diluted Earnings Per Share
$
2.48

(32%)
 
$
2.72

(31%)
 
$
6.89

(17%)
 
$
7.70

(15%)
Operating Margin
23.7
%
(869) bps
 
26.9
%
(710) bps
 
21.8
%
(446) bps
 
24.5
%
(384) bps


 
 
 
 
Business and Financial
 Highlights

g
Net Revenues exceeded $2 billion; project sustaining #4 position in Advisory market share among all firms

g
Underwriting Revenue of $89.7 million was up 25% to a record level

g
#1 league table ranking among independents, advising on four of five largest M&A transactions globally

g
AUM from Wealth Management exceeded $9 billion

g
Full year U.S. GAAP and Adjusted Operating Margin of 21.8% and 24.5%, respectively

g
Implemented realignment strategy for growth opportunities in 2020 and beyond
 
 
 
 
 
 
 
 
Talent

g
Promoted seven Advisory Managing Directors to Senior Managing Director in January 2020, strengthening our coverage of Technology, Financial Sponsors and FIG and our capabilities in Restructuring and Capital Advisory; promoted two Evercore ISI Managing Directors to Senior Managing Director

g
Joe Todd joined as a Senior Managing Director in Advisory, enhancing our advisory capabilities on complex and large cap corporate realignments
 
 
 
 
 
 
 
 
Governance

g
Appointed Pamela G. Carlton to Board of Directors in October
 
 
 
 
 
 
 
Capital Return

g
Quarterly dividend of $0.58 per share

g
Returned $391.6 million to shareholders in 2019 through dividends and repurchases of 3.4 million shares at an average price of $83.28

g
Reduced share count for the 4th consecutive year
 
 
 
 


The following information was filed by Evercore Inc. (EVR) on Wednesday, January 29, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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