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Evercore Inc. (EVR) is a leading global independent investment banking advisory firm. The company provides strategic advice and financial services to clients worldwide, focusing on mergers, acquisitions, divestitures, capital raising, and other corporate finance matters. Evercore also offers wealth management services and has interests in private equity funds.
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Investment Banking & Equities - Provides advisory services for mergers, acquisitions, divestitures, capital raising, leveraged buyouts, restructurings, and other corporate finance matters. Includes underwriting, private placement activities, and commissions from research, sales, and trading activities.
- Advisory Services - Offers strategic advice on mergers, acquisitions, divestitures, and other corporate finance matters.
- Underwriting and Placement - Earns fees from underwriting and private placement activities.
- Equities Business - Includes commissions from research, sales, and trading activities.
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Investment Management - Includes wealth management services for high-net-worth and institutional investors and interests in private equity funds. Revenue sources include management fees, fiduciary fees, and gains or losses on investments.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
John S. Weinberg ExecutiveBoard | Chairman of the Board and CEO | Board Member of Ford Motor Company, New York-Presbyterian Hospital, and Cystic Fibrosis Foundation | John S. Weinberg joined Evercore in November 2016 and has held various leadership roles, including Co-CEO. He has extensive experience from his prior career at Goldman Sachs. | View Report → |
Jason Klurfeld Executive | General Counsel and Corporate Secretary | None mentioned | Jason Klurfeld joined Evercore in June 2011. He previously worked as a corporate and transactional attorney at Sullivan & Cromwell LLP and Skadden Arps, Slate, Meagher & Flom LLP. | |
Tim LaLonde Executive | Chief Financial Officer | None mentioned | Tim LaLonde joined Evercore in 2001 and became CFO in March 2023. He has over 33 years of experience in investment banking. | |
Ellen V. Futter Board | Director | Interim President of the Markle Foundation, Senior Advisor to the Boston Consulting Group, Trustee of Consolidated Edison Company of New York, Inc., Trustee of the Brookings Institution, Governing Trustee at Memorial Sloan-Kettering Cancer Center | Ellen V. Futter joined the Evercore Board in 2018. She has served as President of the American Museum of Natural History and Barnard College and has extensive experience in management and legal roles. | |
Gail B. Harris Board | Director | Chair of the Dean\u2019s Advisory Council of Stanford Law School, Member of the Advisory Council of the Freeman Spogli Institute for International Studies at Stanford University, Member of the Council on Foreign Relations | Gail B. Harris has been a Director at Evercore since 2006. She has a legal background and has served as a partner at Simpson Thacher & Bartlett LLP. | |
Pamela G. Carlton Board | Director | Chair of the Board at Columbia Threadneedle Investments, Chair of the Nominating and Corporate Governance Committee at Apollo Commercial Real Estate Finance, Inc., Member of the Audit Committee at DR Bank | Pamela G. Carlton joined the Evercore Board in October 2019. She has a background in investment banking and is the President of Springboard \u2013 Partners in Cross Cultural Leadership, LLC. | |
Sarah K. Williamson Board | Director | CEO of FCLTGlobal | Sarah K. Williamson has been a Director at Evercore since 2018. She is the CEO of FCLTGlobal and has a background in investment management from her time at Wellington Management Company LLP. | |
Willard J. Overlock Jr. Board | Director | Trustee Emeritus of Rockefeller University, Special Partner at Cue Ball Capital | Willard J. Overlock Jr. has been a Director at Evercore since 2014. He retired from investment banking in 1996 and has held various notable positions throughout his career. | |
William J. Wheeler Board | Director | Vice Chairman of Athene Holding Ltd., Board Member of Venerable Holdings, Inc., Board Member of the American Council of Life Insurers, Trustee at Wabash College | William J. Wheeler has been a Director at Evercore since 2015. He has extensive experience in the insurance industry, having served as President of Athene and in various roles at MetLife Inc. |
- Given the significant investment in new hires, with 60 new senior bankers added over the past three years and 30 currently ramping, how do you plan to balance continued recruitment with margin improvement goals, particularly in light of the competitive environment for talent?
- With your adjusted compensation ratio improving by 190 basis points in 2024, do you expect to achieve similar levels of improvement in 2025, or are we likely to see a slowdown due to ongoing investments in talent and potential pressure from the competitive hiring environment?
- Considering the increasing competition in the private capital advisory and private funds group spaces, especially with larger banks entering these markets, how does Evercore plan to defend its market share and maintain its competitive advantage in these areas?
- Your restructuring business had an exceptional year, driven by liability management among sponsor clients; how sustainable do you believe this level of activity is, and what are your expectations for the restructuring business in 2025?
- Despite adding a significant number of new Senior Managing Directors, your productivity per SMD is not far off from your long-term average; with a higher percentage of ramping SMDs than at any point in your recent history, how confident are you in achieving the target productivity level of around $20 million per SMD in the near to intermediate term?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Categorized as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Identified as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Listed as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Recognized as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Mentioned as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Described as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Classified as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Identified as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally. | |
Centerview | Listed as an independent advisory firm competing in investment banking services. |
Houlihan Lokey | Recognized as an independent advisory firm competing in investment banking services. |
Mentioned as an independent advisory firm competing in investment banking services. | |
Described as an independent advisory firm competing in investment banking services. | |
Perella Weinberg | Classified as an independent advisory firm competing in investment banking services. |
Identified as an independent advisory firm competing in investment banking services. | |
Rothschild | Listed as an independent advisory firm competing in investment banking services. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
RECA Business (Real Estate Capital Advisory) | 2022 | Evercore's acquisition of the RECA business was valued at $54.3 million, structured with a mix of cash payments ($6.0 million in 2021 and $27.7 million in early 2022) and a contingent cash consideration tied to revenue performance targets, with planned additional payments in early 2023 and 2024, and resulted in adjustments to noncontrolling interest and additional paid-in-capital. |
Recent press releases and 8-K filings for EVR.
- Q1 2025 GAAP Results: Reported net revenues of ~$695M, operating income of ~$111M, and EPS of $3.48 on a U.S. GAAP basis.
- Adjusted Growth: Adjusted net revenues increased 19% to $700M, with adjusted operating income rising 28% and EPS up 64% YoY.
- Capital Returns: Returned a record $454M to shareholders via share repurchases and declared a quarterly dividend of $0.84 per share (to be paid on June 13, 2025), with repurchases of 1.6M shares at an average price of $261.15.
- M&A Advisory: Advised on major deals including the $29.1B sale of Calpine and the $6.5B sale of Ampere, reinforcing a robust advisory platform.
- Talent & Expansion: Continued steady hiring and expanded leadership/geographic presence to support future growth.