Epoch Holding Corp. (EPHC, Financial) filed Quarterly Report for the period ended 2012-12-31.
Epoch Holding Corporation has a market cap of $667.842 million; its shares were traded at around $27.96 with a P/E ratio of 23.5294 and P/S ratio of 6.1843. The dividend yield of Epoch Holding Corporation stocks is 1.29%. Epoch Holding Corporation had an annual average earning growth of 88.8% over the past 5 years.
Basic earnings per share were $0.24 compared to $0.25 per share for the same period a year ago. Revenues increased by $6.1 million offset by increased operating expenses of $6.3 million. The increase in operating expenses was driven by increases in employee compensation and benefits of $2.2 million, occupancy and technology costs of $1.0 million, and professional fees and services of $3.2 million. Included within the increase in professional fees and services were merger related expenses of $2.8 million.
Basic earnings per share were $0.58 compared to $0.44 per share for the same period a year ago. Revenues increased by $14.7 million, offset by increased operating expenses of $9.5 million. The increase in operating expenses was driven by increases in employee compensation and benefits of $4.7 million, occupancy and technology costs of $1.6 million, and professional fees and services of $3.3 million. Included within the increase in professional fees and services were merger related expenses of $2.8 million.
For the three months ended December 31, 2012 and 2011, these expenses included salaries of $3.0 million and $2.6 million, incentive compensation of $4.7 million and $3.8 million, amortization of share-based compensation of $1.6 million and $1.4 million, commissions of $0.5 million and $0.2 million, and benefits and payroll taxes of $0.7 million and $0.5 million, respectively. The increase during the current period was driven by additions to professional staff, merit increases, and our operating results, including AUM growth. Average headcount increased by approximately 11% during the three months ended December 31, 2012 when compared with the prior year period, respectively. Several additions were made to our investment and client relations teams to support our business expansion. As a percentage of total revenue, employee compensation and related benefits remained the same from the prior year three-month period.
For the six months ended December 31, 2012 and 2011, these expenses included salaries of $5.9 million and $5.2 million, incentive compensation of $9.3 million and $6.9 million, amortization of share-based compensation of $3.5 million and $2.8 million, commissions of $1.0 million and $0.3 million, and benefits and payroll taxes of $1.3 million and $0.9 million, respectively. The increase during the six month period was driven by additions to professional staff, merit increases, and our operating results, including AUM growth. Average headcount increased by approximately 11% during the six months ended December 31, 2012 when compared with the prior year period, respectively. Several additions were made to our investment and client relations teams to support our business expansion. As a percentage of total revenue, employee compensation and related benefits declined compared with the prior year six-month period.
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Epoch Holding Corporation has a market cap of $667.842 million; its shares were traded at around $27.96 with a P/E ratio of 23.5294 and P/S ratio of 6.1843. The dividend yield of Epoch Holding Corporation stocks is 1.29%. Epoch Holding Corporation had an annual average earning growth of 88.8% over the past 5 years.
Highlight of Business Operations:
For the three and six months ended December 31, 2012 New York Life Investment Management accounted for approximately 13% and 14% of condensed consolidated operating revenues, respectively. For the three and six months ended December 31, 2011, this relationship accounted for approximately 18% of condensed consolidated operating revenues. Our relationship and services with New York Life Investment Management are considered important to our ongoing growth strategy.Basic earnings per share were $0.24 compared to $0.25 per share for the same period a year ago. Revenues increased by $6.1 million offset by increased operating expenses of $6.3 million. The increase in operating expenses was driven by increases in employee compensation and benefits of $2.2 million, occupancy and technology costs of $1.0 million, and professional fees and services of $3.2 million. Included within the increase in professional fees and services were merger related expenses of $2.8 million.
Basic earnings per share were $0.58 compared to $0.44 per share for the same period a year ago. Revenues increased by $14.7 million, offset by increased operating expenses of $9.5 million. The increase in operating expenses was driven by increases in employee compensation and benefits of $4.7 million, occupancy and technology costs of $1.6 million, and professional fees and services of $3.3 million. Included within the increase in professional fees and services were merger related expenses of $2.8 million.
For the three months ended December 31, 2012 and 2011, these expenses included salaries of $3.0 million and $2.6 million, incentive compensation of $4.7 million and $3.8 million, amortization of share-based compensation of $1.6 million and $1.4 million, commissions of $0.5 million and $0.2 million, and benefits and payroll taxes of $0.7 million and $0.5 million, respectively. The increase during the current period was driven by additions to professional staff, merit increases, and our operating results, including AUM growth. Average headcount increased by approximately 11% during the three months ended December 31, 2012 when compared with the prior year period, respectively. Several additions were made to our investment and client relations teams to support our business expansion. As a percentage of total revenue, employee compensation and related benefits remained the same from the prior year three-month period.
For the six months ended December 31, 2012 and 2011, these expenses included salaries of $5.9 million and $5.2 million, incentive compensation of $9.3 million and $6.9 million, amortization of share-based compensation of $3.5 million and $2.8 million, commissions of $1.0 million and $0.3 million, and benefits and payroll taxes of $1.3 million and $0.9 million, respectively. The increase during the six month period was driven by additions to professional staff, merit increases, and our operating results, including AUM growth. Average headcount increased by approximately 11% during the six months ended December 31, 2012 when compared with the prior year period, respectively. Several additions were made to our investment and client relations teams to support our business expansion. As a percentage of total revenue, employee compensation and related benefits declined compared with the prior year six-month period.
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