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Evercore (Evercore) Net Income : $258 Mil (TTM As of Dec. 2023)


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What is Evercore Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Evercore's Net Income for the three months ended in Dec. 2023 was $83 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $258 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Evercore's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $2.03.


Evercore Net Income Historical Data

The historical data trend for Evercore's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Evercore Net Income Chart

Evercore Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 297.44 350.57 740.12 476.52 255.48

Evercore Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.38 37.21 52.15 82.75 85.69

Evercore Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Evercore's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=365.79+-80.567+0+-29.744
=255

Evercore's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=119.67+-27.622+0+-9.3
=83

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $258 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Evercore  (NYSE:EVR) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Evercore's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Evercore Net Income Related Terms

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Evercore (Evercore) Business Description

Traded in Other Exchanges
Address
55 East 52nd Street, New York, NY, USA, 10055
Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,800 employees at the end of 2022, and about 75% of its revenue is derived from the United States.
Executives
Richard I Beattie director C/O SIMPSON THACHER & BARTLETT, 425 LEXINGTON AVE, NEW YORK NY 10017-3954
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Timothy Gilbert Lalonde officer: Chief Financial Officer 55 EAST 52ND STREET, NEW YORK NY 10055
Jason Klurfeld officer: General Counsel 55 EAST 52ND STREET, C/O EVERCORE INC., NEW YORK NY 10055
Paul Pensa officer: Contr.,Principal Acct. Officer 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Ralph Schlosstein director, officer: President and CEO EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Celeste M Brown officer: Chief Financial Officer C/O EVERCORE INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Robert B Walsh officer: Principal Financial Officer C/O EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Ellen V Futter director J P MORGAN CHASE & CO, 270 PARK AVE, NEW YORK NY 10017
Roger C Altman director, officer: Executive Chairman EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Wilson Kendrick R Iii director C/O EVERCORE INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Ostoa Augusto Arellano officer: CEO of EVR Mexico 55 EAST 52ND STREET, NEW YORK NY 10055
Andrew Sibbald officer: CEO EVR Partners International 55 EAST 52ND STREET, FLOOR 38, NEW YORK NY 10055
Sarah K Williamson director 55 EAST 52ND STREET, C/O EVERCORE INC., NEW YORK NY 10055
Adam B Frankel officer: General Counsel