Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Style Score identifies stocks that are undervalued based on financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score assesses a company's financial health and future growth potential by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score focuses on stocks with upward or downward price trends, utilizing factors like one-week price changes and monthly earnings estimate changes [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [6] Zacks Rank Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.83% since 1988 [7] - There are typically over 800 top-rated stocks available, making it essential to use Style Scores to narrow down choices [8] Investment Strategy - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still face downward price trends due to negative earnings forecasts [10] Company Spotlight: Evercore (EVR) - Evercore Inc. is a leading independent investment banking advisory firm with a Zacks Rank of 3 (Hold) and a VGM Score of B [11] - The company is projected to have a year-over-year earnings growth of 27.2% for the current fiscal year, with upward revisions in earnings estimates [12] - Evercore's average earnings surprise stands at +50.9%, making it a strong candidate for growth investors [12]

Core Insights - Evercore Inc. (EVR) shares increased by 5.2% following the announcement of better-than-expected fourth-quarter results, with adjusted earnings per share (EPS) of $5.13, exceeding the Zacks Consensus Estimate of $3.83 and up from $3.41 in the prior-year quarter [1][10] Financial Performance - The fourth quarter of 2025 saw record adjusted net revenues of $1.29 billion, surpassing the Zacks Consensus Estimate by 22.2% and reflecting a year-over-year increase of 32.4% [4][10] - For the full year 2025, total revenues reached a record $3.88 billion, a 29.4% increase year over year, also exceeding the Zacks Consensus Estimate of $3.65 billion [4] - Net income attributable to common shareholders (GAAP basis) was $2.03 billion, up from $1.40 billion in the year-ago quarter [2] Segment Performance - Investment Banking & Equities segment reported net revenues of $1.26 billion, a 32.6% increase year over year, with operating income rising 46.3% to $304.5 million [6] - Investment Management segment generated net revenues of $23.5 million, up 10.1% from the prior-year quarter, with operating income increasing 70.9% year over year [7] Balance Sheet Strength - As of December 31, 2025, cash and cash equivalents stood at $1.4 billion, with current assets exceeding current liabilities by $2.1 billion [8] Capital Distribution - On February 3, 2026, the company declared a quarterly dividend of 84 cents per share, payable on March 13 to common stockholders of record as of February 27 [9] Expense Management - Total expenses increased by 27.9% year over year to $976.1 million, while the adjusted compensation ratio improved to 62% from 65.2% in the prior-year quarter [4][5]

Financial Data and Key Metrics Changes - In 2025, the company achieved record adjusted net revenue of approximately $3.9 billion, a 29% increase compared to the prior year, and nearly 17% above the previous record in 2021 [6][19] - The fourth quarter of 2025 marked the strongest revenue quarter in the company's history, with nearly $1.3 billion in adjusted net revenue, reflecting a 32% increase year-over-year [19] - Adjusted earnings per share for the full year reached $14.56, a 55% increase compared to 2024 [19][27] Business Line Data and Key Metrics Changes - Adjusted advisory fees for the fourth quarter exceeded $1.1 billion, up 33% year-over-year, and for the full year, they totaled $3.3 billion, a 34% increase compared to 2024 [20] - The underwriting fees for the fourth quarter were $49 million, an 87% increase from the previous year, while full-year underwriting revenues were $180 million, up 14% [20] - The wealth management business reached its highest quarter-end assets under management (AUM) of approximately $15.5 billion, marking a record year [15] Market Data and Key Metrics Changes - Global M&A activity rebounded significantly in 2025, with announced transactions totaling approximately $4.5 trillion, a 49% increase from the prior year [8] - Deal volumes in the second half of 2025 were approximately 45% higher than in the first half, indicating a shift in market sentiment [8] - The company ranked third for sell-side transactions in the U.S. based on dollar value and was the third-largest investment bank globally based on advisory fees [9] Company Strategy and Development Direction - The company continues to focus on diversifying its business model, with approximately 45% of revenues generated from non-M&A businesses [10] - Investments in talent and platform expansion are key strategic priorities, with the company hiring 19 senior managing directors in 2025, the largest class to date [11] - The acquisition of Robey Warshaw is part of the company's EMEA expansion strategy, with ongoing investments in key markets [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued momentum into 2026, citing strong backlogs and a healthy environment for both M&A and restructuring activities [16][32] - The company remains mindful of geopolitical and macroeconomic risks but believes its diversified business model positions it well for future growth [16] - Management highlighted the importance of delivering outstanding client service while continuing to invest in strategic growth opportunities [16] Other Important Information - The adjusted compensation ratio for the fourth quarter was 62%, down 320 basis points from the previous year, reflecting improved revenue and market conditions [22] - The company returned $812 million to shareholders in 2025, including $151 million in dividends and $661 million in share repurchases [27][28] - The adjusted tax rate for the full year was 19.8%, down from 21.8% in 2024, influenced by share price appreciation upon vesting of RSU grants [27] Q&A Session Summary Question: Outlook for large deals continuing or accelerating - Management believes the environment for large deals will remain healthy, supported by strong backlogs and favorable market conditions [31][32] Question: Can restructuring revenue grow in 2026? - Management expects both restructuring and M&A to coexist and remain strong, with high backlogs in both areas [34][35] Question: Growth expectations for non-M&A businesses - Management noted that non-M&A businesses have shown strong growth and are expected to continue performing well alongside M&A activities [48][50] Question: Impact of AI on advisory businesses - Management does not foresee significant disruption from AI in the near to medium term, citing a diversified business model [56][57] Question: Expectations for ECM in 2026 - Management is optimistic about the equity capital markets business, expecting continued growth and a healthy IPO environment [60][61] Question: Evolution of the compensation ratio - Management aims for continued improvement in the compensation ratio, though future reductions may not match past rates [64][66] Question: Conversations with sponsor clients - Management reported strong dialogues with sponsors, indicating growing momentum in the sponsor business [70][72] Question: Uptick in upper-middle market transactions - Management confirmed increased activity in the upper-middle market, with a diversified backlog reflecting this trend [76][77] Question: Competition in private capital advisory - Management acknowledged increased competition but expressed confidence in their established client relationships and service quality [79][80] Question: Capital allocation strategy for 2026 - Management plans to continue share repurchases and maintain a strong cash position while investing in growth initiatives [87][88] Question: Recruiting environment - Management noted a competitive recruiting environment, with increased difficulty in attracting talent but remains committed to aggressive recruiting efforts [90][91]

Financial Data and Key Metrics Changes - In 2025, the company achieved adjusted net revenue of approximately $3.9 billion, a 29% increase compared to the previous year, and nearly 17% above the previous record in 2021 [6][19] - The fourth quarter of 2025 marked the strongest revenue quarter in the company's history, with nearly $1.3 billion in adjusted net revenue, reflecting a 32% increase year-over-year [6][19] - Adjusted earnings per share for the full year reached approximately $14.56, a 55% increase compared to 2024 [6][19] Business Line Data and Key Metrics Changes - Adjusted advisory fees for the fourth quarter exceeded $1.1 billion, up 33% year-over-year, and for the full year, they totaled $3.3 billion, a 34% increase compared to 2024 [20] - The Private Capital Advisory (PCA) business delivered a record year, contributing significantly to the overall performance, with strong activity in GP-led continuation funds and LP transactions [15][50] - The Equities business also reported a record year, achieving nine consecutive quarters of year-over-year revenue growth [15] Market Data and Key Metrics Changes - Global M&A activity rebounded significantly in 2025, with announced transactions totaling approximately $4.5 trillion, a 49% increase from the prior year [8] - Deal volumes in the second half of 2025 were approximately 45% higher than in the first half, indicating a shift in market sentiment [8] - The company ranked third for sell-side transactions in the U.S. based on dollar value, reflecting its strong market position [9] Company Strategy and Development Direction - The company is focused on expanding its platform across regions, sectors, and products, including the acquisition of Robey Warshaw to enhance its EMEA strategy [11] - Continued investment in talent was emphasized, with the addition of 19 senior managing directors and a commitment to internal promotions [11] - The company aims to maintain a diversified revenue stream, with approximately 45% of revenues generated from non-M&A businesses [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing strong backlogs and a healthy environment for both M&A and restructuring activities [16][32] - The company remains mindful of geopolitical and macroeconomic risks but believes its strategic execution will continue to yield positive results [16] - Management highlighted the importance of maintaining strong client service while investing in growth opportunities [23] Other Important Information - The adjusted compensation ratio for the fourth quarter was 62%, down 320 basis points from the previous year, reflecting improved revenue performance [22] - The company returned $812 million to shareholders in 2025, including dividends and share repurchases, indicating a strong commitment to capital return [27][28] Q&A Session Summary Question: Outlook for large deals continuing or accelerating - Management believes the environment for large deals will remain healthy, supported by strong backlogs and favorable market conditions [32] Question: Can restructuring revenue grow in 2026? - Management is optimistic about the coexistence of strong restructuring and M&A activities, with high backlogs in both areas [34][35] Question: Growth expectations for non-M&A businesses - Management noted that non-M&A businesses, including Private Capital Advisory and Debt Advisory, are performing well and contributing significantly to overall growth [48][50] Question: Impact of AI on advisory businesses - Management does not foresee significant disruption from AI in the near term, citing a diversified business model that provides stability [57] Question: Expectations for ECM in 2026 - Management is optimistic about the Equity Capital Markets business, expecting continued growth and a healthy IPO environment [60][61] Question: Recruiting environment and challenges - Management acknowledged a competitive recruiting environment, indicating it may become more challenging and expensive to attract top talent [90][91]

Financial Data and Key Metrics Changes - In 2025, adjusted net revenue reached approximately $3.9 billion, up 29% year-over-year, and nearly 17% above the previous record in 2021 [5][17] - Fourth quarter adjusted net revenue was nearly $1.3 billion, marking the strongest revenue quarter in the company's history, with a 32% increase compared to Q4 2024 [5][17] - Adjusted earnings per share for the full year was $14.56, a 55% increase from the previous year [5][17] Business Line Data and Key Metrics Changes - Adjusted advisory fees for Q4 were over $1.1 billion, up 33% year-over-year, and for the full year, they were $3.3 billion, up 34% compared to 2024 [18] - Adjusted underwriting fees for Q4 were $49 million, an 87% increase from a year ago, while full-year adjusted underwriting revenues were $180 million, up 14% [18] - The wealth management business reached its highest quarter-end AUM of approximately $15.5 billion, marking a record year [13] Market Data and Key Metrics Changes - Global M&A activity rebounded significantly in 2025, with announced transactions totaling approximately $4.5 trillion, up 49% from the prior year [6] - Deal volumes in the second half of 2025 were approximately 45% higher than in the first half, indicating a shift in market sentiment [6] - Financial sponsor activity for 2025 was up 43% in dollar volume and 14% in the number of transactions, excluding deals below $100 million [11] Company Strategy and Development Direction - The company aims to continue expanding its platform across regions, sectors, and products, with a focus on building out its advisory capabilities and diversifying revenue streams [10][11] - The acquisition of Robey Warshaw is a significant step in the company's EMEA expansion strategy [10] - The company is committed to investing in talent and technology to support growth and enhance service delivery [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing strong backlogs and a healthy environment for both M&A and restructuring activities [14][31] - The company remains mindful of geopolitical and macroeconomic risks but believes its diversified business model positions it well for future growth [15][55] - Management noted that the improving market conditions and strong equity markets contributed to the positive outlook [6][14] Other Important Information - The adjusted compensation ratio for the fourth quarter was 62%, down 320 basis points from the previous year, reflecting improved revenue and market conditions [20] - The company returned $812 million to shareholders in 2025, including $151 million through dividends and $661 million through share repurchases [25][26] - The company maintains a strong cash position of $3 billion as of year-end [25] Q&A Session Summary Question: Outlook for large deals continuing or accelerating - Management believes the environment for large deals will remain healthy, supported by strong backlogs and favorable market conditions [31] Question: Can restructuring revenue grow in 2026? - Management indicated that both restructuring and M&A activities are expected to remain strong, with high backlogs in both areas [33][34] Question: Expectations for ECM in 2026 - Management expressed confidence in the equity capital markets business, anticipating continued growth and a healthy IPO environment [59][60] Question: Recruiting environment and challenges - Management acknowledged that the recruiting environment is competitive and may require more effort and resources to attract top talent [89][90]

分组1 - Evercore reported quarterly earnings of $5.13 per share, exceeding the Zacks Consensus Estimate of $3.83 per share, and showing an increase from $3.41 per share a year ago, resulting in an earnings surprise of +33.81% [1] - The company achieved revenues of $1.3 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 22.27%, compared to revenues of $980.5 million in the same quarter last year [2] - Over the last four quarters, Evercore has consistently surpassed consensus EPS and revenue estimates [2] 分组2 - The stock has underperformed the market with a loss of about 0.5% since the beginning of the year, while the S&P 500 has gained 1.1% [3] - The current consensus EPS estimate for the upcoming quarter is $3.80 on revenues of $969.62 million, and for the current fiscal year, it is $18.09 on revenues of $4.6 billion [7] - The Financial - Investment Bank industry, to which Evercore belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Investor Presentation Q4 2025 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, Evercore's operations and financial performance. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "backlog," "believes," "expects," "potential," "probable," "continues," "may," "will," ...

Exhibit 99.1 E V E R C O R E EVERCORE REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2025 REVENUES; QUARTERLY DIVIDEND OF $0.84 PER SHARE | | Fourth Quarter Results | | | | | | | | | | | Full Year Results | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | U.S. GAAP | | | | Adjusted | | | | U.S. GAAP | | | | Adjusted | | | | | | Q4 2025 Q4 2024 | | | | Q4 2025 | | | Q4 2024 | 2025 | | | 2024 | 2025 | | | 2024 | | Net Revenues ($ mm) | $ 1,288.3 ...

Core Insights - Evercore Inc. reported its fourth quarter and full year results, showing a slight decrease in net revenues for Q4 2025 compared to Q4 2024, with figures of $1,288.3 million and $1,298.1 million respectively [1] - The adjusted net revenues for the full year 2025 were $3,855.8 million, an increase from $2,979.6 million in 2024 [1] - Operating income for Q4 2025 was $312.2 million, up from $212.6 million in Q4 2024, indicating a strong performance in profitability [1] - The full year operating income also saw a significant increase, rising to $789.9 million in 2025 from $526.9 million in 2024 [1] - Net income attributable to Evercore Inc. for Q4 2025 was reported but not fully detailed in the provided data [1]

Core Insights - TNS has completed the acquisition of BT's Radianz market connectivity business, enhancing its global financial services capabilities [2][3] - The integration aims to unify and expand access, reach, and service capabilities for financial institutions worldwide [2][3] - TNS's offerings will complement the ultra-low-latency trading, market data, and hosting capabilities provided by Radianz [3] Company Overview - TNS is based in Reston, Virginia, and has been providing Infrastructure-as-a-Service (IaaS) solutions to the financial, communications, and payments markets [5] - The company supports organizations across more than 60 countries and became a wholly owned subsidiary of Koch Equity Development LLC in 2021 [5] Advisory Roles - Evercore served as the financial adviser to TNS, while Jones Day acted as the legal adviser [6] - Citi was the financial adviser for BT, with Bryan Cave Leighton Paisner serving as the legal adviser [6]