Exhibit 99.1

E V E R C O R E
EVERCORE REPORTS THIRD QUARTER 2020 RESULTS;
INCREASES QUARTERLY DIVIDEND TO $0.61 PER SHARE
 
Third Quarter 2020 Results
 
2020 Year to Date Results
 
U.S. GAAP
 
Adjusted
 
U.S. GAAP
 
Adjusted
 
 
vs.
Q3 2019
 
 
vs.
Q3 2019
 
 
vs.
YTD 2019
 
 
vs.
YTD 2019
Net Revenues ($ millions)
$
402.5

—%
 
$
408.5

—%
 
$
1,336.6

(1%)
 
$
1,357.4

—%
Operating Income ($ millions)
$
63.7

(9%)
 
$
77.7

(8%)
 
$
199.7

(29%)
 
$
262.9

(18%)
Net Income Attributable to Evercore Inc. ($ millions)
$
42.6

(2%)
 
$
52.6

(13%)
 
$
130.2

(32%)
 
$
182.2

(25%)
Diluted Earnings Per Share
$
1.01

—%
 
$
1.11

(12%)
 
$
3.09

(30%)
 
$
3.85

(23%)
Operating Margin
15.8
%
(167) bps
 
19.0
%
(175) bps
 
14.9
%
(589) bps
 
19.4
%
(401) bps
 
 
 
 
Business and Financial
 Highlights
g
Third quarter Net Revenues were flat on both a U.S. GAAP and an Adjusted basis versus the prior year period. For the first nine months of 2020, Net Revenues decreased 1% on a U.S. GAAP basis and were flat on an Adjusted basis versus the prior year period
g
Underwriting Revenue of $66.5 million in the third quarter increased 278% versus the prior year period. For the first nine months of 2020, Underwriting Revenue of $181.2 million increased 195% versus the prior year period, a record for the period
g
Maintained #1 league table ranking for announced M&A transaction volume among independents and #4 position in the U.S. among all firms over the last twelve months
g
Served as active bookrunner or co-manager on six of the 11 largest U.S. IPOs in the first nine months of 2020; played a key role in 30 underwriting transactions in the third quarter, including the lead left role on the innovative CAPS transaction
g
Evercore ISI recognized as the top independent research firm in the Institutional Investor All-America Equity Research team rankings for the seventh consecutive year and #3 among all firms
g
Evercore Wealth Management named to Barron's annual ranking of top independent U.S. Registered Investment Advisors
 
 
 
 
 
 
 
Talent
g
Michael Meyers joined Evercore ISI in July as a Senior Managing Director, helping to expand the firm's capital raising and distribution capabilities with convertible debt
g
Building pipeline of senior level recruits
 
 
 
 
 
 
 
Strategic Transactions
g
Announced strategic alliance with Seneca Evercore, an independent strategic advisory firm in Brazil
g
Announced transition of Evercore's Advisory presence in Mexico to a strategic alliance model with TACTIV, a newly formed firm by leaders of the business in Mexico
 
 
 
 
 
 
 
Capital Return
g
Quarterly dividend increased 5% to $0.61 per share
g
Returned $233.9 million to shareholders for the first nine months of 2020 through dividends and repurchases of 1.9 million shares at an average price of $76.07
 
 
 
 


The following information was filed by Evercore Inc. (EVR) on Wednesday, October 21, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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