Earnings release
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Net Revenues ( $ mm ) Operating Income ( $ mm ) Net Income Attributable to Evercore Inc. ( $ mm ) Diluted Earnings Per Share Compensation Ratio Operating Margin Effective Tax Rate Business and Financial Highlights Talent EVERCORE EVERCORE REPORTS THIRD QUARTER 2021 RESULTS ; QUARTERLY DIVIDEND OF $ 0.68 PER SHARE Capital Return ■ U.S. GAAP Q3 2021 $ 823.6 $ 245.2 Third Quarter Results Q3 2020 $ 402.5 $ 63.7 $ 159.5 $ $ 42.6 1.01 3.74 $ 59.1 % 64.5 % 29.8 % 15.8 % 24.0 % 23.5 % Adjusted ( 1 ) Based on Refinitiv rankings Q3 2021 $ 831.6 $ 261.8 Q3 2020 $ 408.5 $ 77.7 $ 188.3 $ 52.6 3.96 $ 1.11 58.5 % 63.6 % 19.0 % 31.5 % 25.6 % 27.2 % Year to Date Results U.S. GAAP Adjusted YTD 2021 YTD 2020 YTD 2021 YTD 2020 $ 2,173.7 $ 1,336.6 $ 1,357.4 $ 2,192.7 $ 673.9 $ 646.4 $ 199.7 $ 262.9 $ 444.3 $ 130.2 $ 10.19 $ 3.09 59.3 % 64.7 % 29.7 % 14.9 % 21.0 % 24.5 % $ 504.9 $ 182.2 $ 10.41 $ 58.8 % 30.7 % 22.8 % Record 3Q and YTD Revenues on a U.S. GAAP and an Adjusted basis ; fourth straight quarter of Advisory revenues greater than $ 500 million # 1 league table ranking in announced M & A volume both globally and in the U.S. among independents and # 7 in the U.S. among all firms over the last twelve months 3.85 63.6 % 19.4 % 26.1 % Advising on three of the top 10 largest announced U.S. M & A transactions of 2021 ECM activity continues to be diverse across sectors and products , including more diverse deals in Healthcare and strength in TMT , Consumer and Industrials Evercore ISI recognized as the top independent research firm in the Institutional Investor All America Equity Research team rankings for the eighth straight year and ranked # 2 among all firms on a weighted basis Three Advisory Senior Managing Directors recently joined Evercore : Adi Jayaraman in October covering the FinTech sector , Brad David in September strengthening coverage of Financial Sponsors and Brad Wolff in August enhancing coverage of the Healthcare sector Celeste Mellet became CFO of Evercore effective September 1 Three additional Advisory Senior Managing Directors are committed to join Evercore in 2021 , strengthening our coverage in the Power and Renewables and Basic Materials sectors Dialogue with potential senior level talent remains robust and lateral hiring at other levels continues to be strong Quarterly dividend of $ 0.68 per share Record levels of capital return with $ 631.5 million returned to shareholders during the first nine months of 2021 through dividends and repurchases of 4.1 million shares at an average price of $ 129.22