Evercore Inc. (NYSE:EVR) Q4 2021 Results Earnings Conference Call February 2, 2022 8:00 AM ET Company Participants Jamie Easton - Interim Head of Investor Relations John Weinberg - Co-Chairman of the Board and Co-Chief Executive Officer Ralph Schlosstein - Co-Chairman of the Board and Co-Chief Executive Officer Celeste Mellet - Senior Managing Director and Chief Financial Officer Conference Call Participants Steven Chubak - Wolfe Research Manan Gosalia - Morgan Stanley Jim Mitchell - Seaport Global Securiti ...

Table of Contents _____________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-32975 ____________________________________________ ...

Evercore Inc. (NYSE:EVR) Q3 2021 Results Conference Call October 27, 2021 8:00 AM ET Company Participants Hallie Miller - Head, IR John Weinberg - Co-Chairman and Co-CEO Ralph Schlosstein - Co-Chairman and Co-CEO Celeste Mellet - CFO Conference Call Participants Devin Ryan - JMP Securities Brennan Hawken - UBS James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Michael Brown - KBW Operator Good morning and thank you for standing by. Welcome to Evercore’s Third Quarter 2021 Financial Results Conference ...

Table of Contents _____________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-32975 _________________________________________________ ...

Evercore Inc. (NYSE:EVR) Q2 2021 Earnings Conference Call July 28, 2021 8:00 AM ET Company Participants Hallie Miller - Head, Investor Relations Ralph Schlosstein - Co-Chairman & Co-Chief Executive Officer John Weinberg - Co-Chairman & Co-Chief Executive Officer Robert Walsh - Senior Managing Director and Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities Jeff Harte - Piper Sandler Jim Mitchell - Seaport Research Richard Ramsden - Goldman Sachs Brennan Hawken - UBS Manan Gosali ...

Table of Contents _____________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-32975 ________________________________________________ ...

Evercore Inc. (NYSE:EVR) Q1 2021 Earnings Conference Call April 28, 2021 8:00 AM ET Company Participants Hallie Miller - Head, Investor Relations Ralph Schlosstein - Co-Chairman & Co-Chief Executive Officer John Weinberg - Co-Chairman & Co-Chief Executive Officer Robert Walsh - Senior Managing Director and Chief Financial Officer Conference Call Participants Michael Brown - KBW Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Brennan Hawken - UBS James Yaro - Goldman Sachs Steven Chubak - Wolfe Re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-32975 ____________________________________________________ ...

Evercore Inc. (NYSE:EVR) Q4 2020 Earnings Conference Call February 3, 2021 8:00 AM ET Company Participants Hallie Miller - Head-Investor Relations Ralph Schlosstein - Co-Chairman & Co-Chief Executive Officer John Weinberg - Co-Chairman & Co-Chief Executive Officer Bob Walsh - Chief Financial Officer Conference Call Participants Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Michael Brown - KBW Richard Ramsden - Goldman Sachs Brennan Hawken - UBS Jeff Harte - Piper Sandler Jim Mitchell - Seaport ...

[Part I. Financial Information](index=3&type=section&id=Part%20I.%20Financial%20Information) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Evercore's unaudited financial statements detail its financial position, operations, and cash flows, showing increased cash, stable net revenues, and lower net income due to higher expenses [Condensed Consolidated Statements of Financial Condition](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Condition) Key Balance Sheet Items (as of Sep 30, 2020 vs. Dec 31, 2019) | Metric | September 30, 2020 ($ thousands) | December 31, 2019 ($ thousands) | Change | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,149,291 | 633,808 | +81.3% | | Total Current Assets | 1,642,188 | 1,690,422 | -2.9% | | Total Assets | 2,645,458 | 2,598,613 | +1.8% | | Total Current Liabilities | 617,839 | 668,653 | -7.6% | | Total Liabilities | 1,438,444 | 1,472,363 | -2.3% | | Total Equity | 1,207,014 | 1,126,250 | +7.2% | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q3 2020 vs Q3 2019 Performance | Metric | Q3 2020 ($ thousands) | Q3 2019 ($ thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Advisory Fees | 270,662 | 320,885 | -15.6% | | Underwriting Fees | 66,499 | 17,598 | +277.9% | | Total Revenues | 407,518 | 407,864 | -0.1% | | Net Revenues | 402,515 | 402,198 | +0.1% | | Total Expenses | 338,829 | 331,854 | +2.1% | | Net Income Attributable to Evercore Inc. | 42,610 | 43,278 | -1.5% | | Diluted EPS | $1.01 | $1.01 | 0.0% | Nine Months 2020 vs Nine Months 2019 Performance | Metric | Nine Months 2020 ($ thousands) | Nine Months 2019 ($ thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Advisory Fees | 965,662 | 1,090,309 | -11.4% | | Underwriting Fees | 181,182 | 61,428 | +195.0% | | Total Revenues | 1,352,969 | 1,362,492 | -0.7% | | Net Revenues | 1,336,597 | 1,348,571 | -0.9% | | Total Expenses | 1,136,879 | 1,067,583 | +6.5% | | Net Income Attributable to Evercore Inc. | 130,197 | 192,252 | -32.3% | | Diluted EPS | $3.09 | $4.43 | -30.2% | [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (Nine Months Ended Sep 30) | Cash Flow Activity | 2020 ($ thousands) | 2019 ($ thousands) | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | 283,195 | 90,955 | | Net Cash Provided by (Used In) Investing Activities | 481,244 | (353,989) | | Net Cash Provided by (Used in) Financing Activities | (248,357) | (218,614) | | **Net Increase (Decrease) in Cash** | **514,780** | **(486,517)** | - Financing activities for the first nine months of 2020 included **$144.3 million** for the purchase of treasury stock and noncontrolling interests, and **$81.3 million** for dividend payments[30](index=30&type=chunk)[31](index=31&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) - The company's business is divided into two segments: Investment Banking (advisory, capital markets, research, and trading) and Investment Management (wealth management, institutional asset management, and private equity interests)[34](index=34&type=chunk)[35](index=35&type=chunk) - In Q1 2020, the company completed a review of operations, resulting in an **8% headcount reduction** and expected aggregate separation and transition costs of approximately **$43.0 million**. For the nine months ended Sep 30, 2020, the company recognized **$39.6 million** in Special Charges, primarily for these realignment costs[67](index=67&type=chunk)[68](index=68&type=chunk)[282](index=282&type=chunk) - On July 2, 2020, the company sold the trust business of Evercore Casa de Bolsa, S.A. de C.V. (ECB), part of its Investment Management segment, for **$1.83 million**, resulting in a pre-tax gain of **$1.355 million**[66](index=66&type=chunk) Segment Pre-Tax Income (Nine Months Ended Sep 30) | Segment | 2020 ($ thousands) | 2019 ($ thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Investment Banking | 195,646 | 275,273 | -28.9% | | Investment Management | 12,624 | 12,941 | -2.5% | | **Total Pre-Tax Income** | **208,270** | **288,214** | **-27.7%** | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=59&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 32% decline in nine-month net income to higher operating expenses and realignment charges, with flat net revenues from underwriting offsetting advisory declines [Results of Operations](index=63&type=section&id=Results%20of%20Operations) - For Q3 2020, Net Revenues were flat year-over-year at **$402.5 million**, as a **$48.9 million (278%) increase** in Underwriting Fees offset a **$50.2 million (16%) decrease** in Advisory Fees[267](index=267&type=chunk) - For the nine months ended Sep 30, 2020, Net Income Attributable to Evercore Inc. decreased **32%** to **$130.2 million** from **$192.3 million** in the prior year period, primarily due to higher operating expenses and special charges[278](index=278&type=chunk) - Employee Compensation and Benefits as a percentage of Net Revenues increased to **64.7%** for the first nine months of 2020, up from **59.6%** in the same period of 2019. Including separation benefits, the ratio was **67.5%**[284](index=284&type=chunk) [Business Segments](index=68&type=section&id=Business%20Segments) - **Investment Banking:** Pre-tax income for the first nine months of 2020 fell **29%** to **$195.6 million**. A **195% increase** in Underwriting Fees to **$181.2 million** was offset by an **11% decrease** in Advisory Fees to **$965.7 million** and a **91% increase** in 'Other Expenses', which included business realignment costs[291](index=291&type=chunk)[299](index=299&type=chunk) - **Investment Management:** Pre-tax income for the first nine months of 2020 was relatively flat at **$12.6 million**. Assets Under Management (AUM) increased to **$10.9 billion** at September 30, 2020, from **$10.7 billion** at year-end 2019, driven by market appreciation in the Wealth Management division[304](index=304&type=chunk)[305](index=305&type=chunk) Assets Under Management (AUM) Activity (Nine Months Ended Sep 30, 2020) | AUM Activity ($ millions) | Wealth Management | Institutional Asset Management | Total | | :--- | :--- | :--- | :--- | | Balance at Dec 31, 2019 | 9,058 | 1,634 | 10,692 | | Inflows | 645 | 530 | 1,175 | | Outflows | (569) | (502) | (1,071) | | Market Appreciation (Depreciation) | 383 | (242) | 141 | | **Balance at Sep 30, 2020** | **9,517** | **1,420** | **10,937** | [Liquidity and Capital Resources](index=76&type=section&id=Liquidity%20and%20Capital%20Resources) - The company's liquidity position strengthened, with Cash, Cash Equivalents and Restricted Cash increasing by **$514.8 million** during the first nine months of 2020 to reach **$1.16 billion**[323](index=323&type=chunk) - The COVID-19 pandemic has adversely impacted M&A activity, but the company's broad capabilities in underwriting, restructuring, and capital markets advisory have helped offset the weakness[333](index=333&type=chunk) - During the first nine months of 2020, the company repurchased **1,886,691 Class A shares** for **$143.5 million**, at an average price of **$76.07 per share**. This includes **854,134 shares** under the public repurchase program and the remainder for employee tax withholding[335](index=335&type=chunk)[336](index=336&type=chunk)[337](index=337&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=82&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company discloses primary market risks from investments, private equity, and foreign exchange, with a 10% adverse change in investments potentially decreasing pre-tax income by $9.6 million - A hypothetical **10% adverse change** in the market value of the company's investments used to hedge its deferred compensation program would result in a decrease in pre-tax income of approximately **$9.6 million** for Q3 2020[367](index=367&type=chunk) - The company faces foreign exchange risk from its operations in Europe, Asia, and Mexico. For the nine months ended September 30, 2020, the net impact of foreign currency fluctuations recorded in Other Comprehensive Income was a loss of **$2.9 million**[373](index=373&type=chunk) [Controls and Procedures](index=83&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of September 30, 2020, with no material changes to internal controls during Q3 - The CEO and CFO concluded that as of the end of the period, the company's disclosure controls and procedures were effective[385](index=385&type=chunk) - No changes were made during Q3 2020 that materially affected, or are reasonably likely to materially affect, the company's internal controls over financial reporting[386](index=386&type=chunk) [Part II. Other Information](index=84&type=section&id=Part%20II.%20Other%20Information) [Legal Proceedings](index=84&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various judicial or regulatory proceedings but believes no pending material proceedings would significantly affect its financial condition - The company states that it is not currently party to any material pending legal proceedings that would have a material effect on its financial results[389](index=389&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=85&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's equity security repurchases, totaling 1,886,691 shares for $143.5 million during the nine months ended September 30, 2020 Issuer Purchases of Equity Securities (Q3 2020) | Period | Total Shares Purchased | Average Price Paid Per Share | Shares Purchased as Part of Public Program | | :--- | :--- | :--- | :--- | | July 1 - 31, 2020 | 5,275 | $57.53 | 0 | | August 1 - 31, 2020 | 5,229 | $55.30 | 0 | | September 1 - 30, 2020 | 5,372 | $62.19 | 0 | | **Total Q3 2020** | **15,876** | **$58.37** | **0** | - As of September 30, 2020, the company had authorization to repurchase a maximum of **3,265,267 additional shares** under its publicly announced plan[391](index=391&type=chunk) [Exhibits](index=86&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL data files - The report includes certifications from the Co-CEOs and the CFO pursuant to Rule 13a-14(a) and Section 906 of the Sarbanes-Oxley Act of 2002[395](index=395&type=chunk)[396](index=396&type=chunk)[397](index=397&type=chunk)[398](index=398&type=chunk)