Exhibit 99.1 E V E R C O R E EVERCORE REPORTS FIRST QUARTER 2024 RESULTS; INCREASES QUARTERLY DIVIDEND TO $0.80 PER SHARE | | | | | | First Quarter Results | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | U.S. GAAP | | | | | Adjusted | | | | | Q1 2024 | | | Q1 2023 | | Q1 2024 | | Q1 2023 | | Net Revenues ($ mm) | $ 580.8 | | $ | 572.1 | $ | 587.3 | $ | 577.8 | | Operating Income ($ mm) | $ 84.1 | | $ | 106.9 | $ | 90.6 | $ | 115.5 | | Net Income Attributable to Evercore Inc. ($ | | | | | ...

Evercore (EVR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 24. On th ...

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Revenue and Income - Total revenues for the Investment Banking & Equities and Investment Management segments include fees for services, transaction-related client reimbursements, and other revenue, with net revenues reflecting total revenues less interest expense [175]. - Net Income Attributable to Evercore Inc. was $255.5 million in 2023, a decrease of $221.0 million, or 46%, compared to $476.5 million in 2022 [202]. - Net Revenues were $2.43 billion in 2023, a decrease of $336.1 million, or 12%, versus $2.76 billion in 2022, with Advisory Fees decreasing by $429.1 million, or 18% [203]. - Comprehensive income for 2023 was $286,739, compared to $513,947 in 2022, a decrease of 44.2% [343]. - Net income for 2023 was $285,223,000, a decrease of 46% compared to $531,415,000 in 2022 and a decrease of 67% compared to $868,573,000 in 2021 [349]. Expenses and Compensation - Employee Compensation and Benefits Expense includes all payments for services rendered by employees, reflecting competitive compensation levels to retain key personnel [182]. - The ratio of Employee Compensation and Benefits Expense to Net Revenues is an important measure for assessing compensation costs relative to performance [192]. - Total Operating Expenses were $2.06 billion in 2023, flat compared to 2022, with Employee Compensation and Benefits Expense decreasing by $40.6 million, or 2% [205]. - Employee Compensation and Benefits Expense as a percentage of Net Revenues was 68.3% in 2023, compared to 61.5% in 2022 [207]. - The company anticipates discretionary distributions of profits to named executive officers in the first quarter of 2025, in lieu of cash incentive compensation for 2024 [189]. Advisory and M&A Activity - Revenue trends in the advisory business are correlated to M&A activity, restructuring activity, and capital advisory activity, with fluctuations based on market conditions and client transaction completions [177]. - The dollar value of North American announced and completed M&A activity decreased by 6% and 16%, respectively, compared to 2022 [218]. - The value of Global M&A Deals Announced decreased by $556 million, or 16%, to $2.88 billion in 2023 compared to $3.44 billion in 2022 [220]. - The total number of fees from Advisory and Underwriting Client Transactions increased by 2% to 666 in 2023, compared to 651 in 2022 [220]. Assets and Liabilities - Total current assets decreased to $2,605,217 in 2023 from $2,706,731 in 2022, a reduction of 3.7% [339]. - Total assets increased to $3,703,298 in 2023, up from $3,620,923 in 2022, reflecting a growth of 2.3% [339]. - Total liabilities rose to $1,920,808 in 2023, compared to $1,894,505 in 2022, an increase of 1.4% [339]. - Total receivables recorded in Accounts Receivable amounted to $371.6 million as of December 31, 2023, down from $385.1 million in 2022 [285]. Cash Flow and Investments - Cash provided by operating activities in 2023 was $457,954,000, down from $531,376,000 in 2022 [349]. - Cash, Cash Equivalents, and Restricted Cash decreased to $605.5 million at December 31, 2023, down $66.6 million from $672.1 million at December 31, 2022 [239]. - The company repurchased treasury stock amounting to $391,964,000 in 2023, compared to $550,293,000 in 2022 [349]. - The company experienced a net loss on investments of $34,671,000 in 2023, compared to a gain of $16,458,000 in 2022 [349]. Market Conditions and Future Outlook - The company remains in a period of macroeconomic uncertainty and market volatility, impacting M&A activity and advisory transactions [245]. - The company has total commitments for future capital contributions to private equity funds of $2.6 million as of December 31, 2023 [272]. - The company holds equity securities and exchange-traded funds valued at $160.9 million as of December 31, 2023, with net realized and unrealized gains of $31.7 million for the year [277]. Financial Reporting and Compliance - The Company recognizes revenue from Investment Banking & Equities and Investment Management segments under ASC 606, which includes a five-step model for revenue recognition [364]. - The Company evaluates its economic interests in VIEs to determine if it is the primary beneficiary, which requires significant judgment [355]. - The company recorded a gross deferred tax asset balance of $373.8 million, requiring approximately $1.5 billion of future taxable income to realize [316].

NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Marcelo Pizzimbono has joined Evercore ISI as a senior managing director and head of sales. Mr. Pizzimbono has more than 30 years of experience in financial services. Most recently, he was managing partner at CrossRegional Management, where he helped build one of the leading alternative private credit/direct lending companies in Latin America. Prior to that, he was a managing director and head of U.S. institutional equity franchise sale ...

Evercore Inc.’s (EVR) quarterly adjusted earnings per share of $2.02 surpassed the Zacks Consensus Estimate of $1.63. However, the bottom line was down from the prior-year quarter’s $3.50.A decline in net revenues of the Investment Banking & Equities segment hampered the overall top line. Nonetheless, an improvement in assets under management (AUM) balance was a positive. A rise in Investment Management segment revenues also offered some support.Net income available to common shareholders (GAAP basis) was $ ...

Financial Data and Key Metrics Changes - For Q4 2023, net revenues were $784 million, operating income was $118 million, and EPS was $2.03 on a GAAP basis. For the full year, net revenues were $2.4 billion, operating income was $359 million, and EPS was $6.37 [42] - Adjusted net revenues for Q4 2023 declined 6% year-over-year to $790 million, while full year adjusted net revenues decreased 12% to $2.4 billion [43] - Adjusted operating income for Q4 2023 was $124 million, down 43% year-over-year, and adjusted EPS was $2.02, a decrease of 42% compared to the previous year [43] Business Line Data and Key Metrics Changes - Adjusted Advisory Fees for Q4 2023 were $660 million, down 6% year-over-year, and for the full year, they were $2 billion, an 18% decline compared to 2022 [17] - Underwriting Fees for Q4 2023 were $19 million, down 57% year-over-year, and for the full year, they totaled $111 million, a 9% decrease [17] - Commissions and related revenue for Q4 2023 were $56 million, up 4% year-over-year, while full year revenues were $203 million, down 2% compared to 2022 [44] Market Data and Key Metrics Changes - Global announced M&A activity based on deal value was down almost 20% in 2023, but Evercore's specific announced global M&A activity was up over 40% compared to the previous year [10] - The firm advised on several large transactions, including Chevron's $60 billion acquisition of Hess and U.S. Steel's sale to Nippon Steel for $14.9 billion [37] Company Strategy and Development Direction - The company has broadened and deepened its capabilities, with over a third of revenues in 2023 coming from non-M&A sources, positioning itself as the fourth largest investment bank globally based on advisory fees [4] - The firm plans to continue investing in and expanding its capabilities and products while enhancing its intellectual capital [14] - The company is focused on improving market share by diversifying across sectors and products and elevating its underwriting position on deals [40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment, noting improved internal backlogs and activity levels [8] - The firm anticipates a slow recovery in M&A activity, closely monitoring geopolitical and economic uncertainties [35] - The restructuring business is expected to remain strong, driven by liability management activity among sponsors [51] Other Important Information - The adjusted compensation ratio for Q4 2023 was 70.8%, with a full year ratio of 67.6% [45] - The company returned $523.5 million to shareholders through dividends and share repurchases in the full year [47] Q&A Session Summary Question: Performance of non-M&A Advisory businesses - Management highlighted strong performance in capital advisory businesses, which contributed to discrepancies in revenue calculations compared to Dealogic estimates [23] Question: Headcount and investments - The company is focused on strategic hiring while managing overall headcount responsibly, with a modest increase expected [24][25] Question: Outlook for restructuring business - Management is optimistic about the restructuring business, expecting continued strength due to liability management and balance sheet structuring [68] Question: Impact of rate cuts on transactions - Management believes that while rate cuts may improve market conditions, companies will not delay transactions that are already in process [113] Question: Recovery of sponsor-related activities - Management indicated that a full market recovery will require increased engagement from sponsors, but they are seeing positive signs of warming up [89]

Evercore (EVR) reported $784.17 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.7%. EPS of $2.02 for the same period compares to $3.50 a year ago.The reported revenue represents a surprise of +11.97% over the Zacks Consensus Estimate of $700.37 million. With the consensus EPS estimate being $1.63, the EPS surprise was +23.93%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Evercore (EVR) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $3.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.93%. A quarter ago, it was expected that this investment bank would post earnings of $1.31 per share when it actually produced earnings of $1.30, delivering a surprise of -0.76%.Over the last four quarters, the company ...

NEW YORK--(BUSINESS WIRE)--Evercore Inc. (NYSE: EVR): Fourth Quarter Results   Full Year Results   U.S. GAAP   Adjusted   U.S. GAAP   Adjusted   Q4 2023 Q4 2022   Q4 2023 Q4 2022     2023     2022       2023     2022   Net Revenues ($ mm) $ 784.2   $ 831.3     $ 790.3   $ 836.7     $ 2,425.9   $ 2,762.0     ...