0001360901-24-000009.txt : 20240424 0001360901-24-000009.hdr.sgml : 20240424 20240424064514 ACCESSION NUMBER: 0001360901-24-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240424 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Evercore Inc. CENTRAL INDEX KEY: 0001360901 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance IRS NUMBER: 204748747 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32975 FILM NUMBER: 24866673 BUSINESS ADDRESS: STREET 1: 55 EAST 52ND STREET STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10055 BUSINESS PHONE: 212-857-3100 MAIL ADDRESS: STREET 1: 55 EAST 52ND STREET STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10055 FORMER COMPANY: FORMER CONFORMED NAME: Evercore Partners Inc. DATE OF NAME CHANGE: 20060427 8-K 1 evr-20240424.htm 8-K evr-20240424
0001360901false00013609012024-04-242024-04-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 2024
EVERCORE INC.
(Exact name of registrant as specified in its charter)
Delaware001-3297520-4748747
(State or Other Jurisdiction of
Incorporation)		(Commission File Number)(I.R.S. Employer
Identification No.)
55 East 52nd Street
New York, New York10055
(Address of principal executive offices)(Zip Code)

(212) 857-3100
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, par value $0.01 per shareEVRNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐


Item 2.02Results of Operations and Financial Condition
On April 24, 2024, Evercore Inc. issued a press release announcing financial results for its first quarter ended March 31, 2024.
A copy of the press release is attached hereto as Exhibit 99.1. All information in the press release is furnished but not filed.

Item 9.01Financial Statements and Exhibits
(d) Exhibits.
99.1
101The cover page information is formatted in Inline XBRL
104Cover Page Interactive Data is formatted in Inline XBRL (and contained in Exhibit 101)



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  EVERCORE INC.
Date: April 24, 2024  /s/ Tim LaLonde
  By: Tim LaLonde
  Title: Chief Financial Officer


 EX-99.1 2 earningsrelease1q24.htm EX-99.1 Document
Exhibit 99.1


E V E R C O R E
EVERCORE REPORTS FIRST QUARTER 2024 RESULTS;
INCREASES QUARTERLY DIVIDEND TO $0.80 PER SHARE
First Quarter Results
U.S. GAAPAdjusted
Q1 2024Q1 2023Q1 2024Q1 2023
Net Revenues ($ mm)$580.8 $572.1 $587.3 $577.8 
Operating Income ($ mm)$84.1 $106.9 $90.6 $115.5 
Net Income Attributable to Evercore Inc. ($ mm)$85.7 $83.4 $92.9 $93.3 
Diluted Earnings Per Share$2.09 $2.06 $2.13 $2.16 
Compensation Ratio66.8 %64.1 %66.0 %63.5 %
Operating Margin14.5 %18.7 %15.4 %20.0 %
Effective Tax Rate(7.7 %)14.9 %(9.3 %)15.2 %
Business and Financial
 Highlights		g
First Quarter Net Revenues of $580.8 million on a U.S. GAAP basis and $587.3 million on an Adjusted basis increased 2% on both a U.S. GAAP and an Adjusted basis versus First Quarter 2023
gIn the first quarter, we advised on five of the 15 largest global transactions, including:
gGeneral Electric on its $37 billion spin-off of GE Vernova
gSynopsys on its acquisition of Ansys for $35 billion
gClayton Dubilier & Rice on its acquisition, alongside Stone Point Capital, of Truist Insurance from Truist Financial for $15.5 billion
gGlobal Infrastructure Partners on its sale to BlackRock for $12.5 billion
gChesapeake Energy on its combination with Southwestern Energy for $11.3 billion
gOur Underwriting business gained momentum in the quarter with its strongest quarterly revenue since the fourth quarter of 2021 as the equity capital markets experienced stronger activity levels, particularly amongst IPOs
gOur Private Capital Advisory, Private Funds Group and Real Estate Strategic Advisory teams received multiple awards in the quarter from several publications, including Private Equity International, Private Debt Investor, Infrastructure Investor and Private Equity Real Estate, showcasing Evercore’s expertise in the space
TalentgOne Investment Banking Senior Managing Director is committed to join Evercore in the second quarter, covering the asset and wealth management sector
gThree Equities Senior Managing Directors joined Evercore in the first quarter and in April; Sarah Bianchi, as Chief Strategist of International Political Affairs and Public Policy; Marcelo Pizzimbono, as Head of Sales; and Mark Lipacis, to lead research coverage of Semiconductor and Capital Equipment companies
Capital ReturngIncreased quarterly dividend 5% to $0.80 per share
gReturned $308.5 million to shareholders during the quarter through dividends and repurchases of 1.5 million shares at an average price of $177.04


NEW YORK, April 24, 2024 – Evercore Inc. (NYSE: EVR) today announced its results for the first quarter ended March 31, 2024.

LEADERSHIP COMMENTARY

John S. Weinberg, Chairman and Chief Executive Officer, "We begin 2024 on a strong note, having advised on some of the largest announced transactions year-to-date and we expect our activities to continue to build through the year. We are experiencing momentum in our businesses, and believe we are well-positioned to serve our clients as the environment continues to improve."

Roger C. Altman, Founder and Senior Chairman, "Evercore ended the first quarter ranked #4, among all firms, in the global league tables. That is one of the best starts we have ever had. And this market position reflects the steady expansion of the Firm and further broadening of our platform."



















2

Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a longer period of time.

Business Segments:

Evercore's business results are categorized into two segments: Investment Banking & Equities and Investment Management. Investment Banking & Equities includes providing advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Investment Management includes Wealth Management and interests in private equity funds which are not managed by the Company, as well as advising third-party investors through affiliates. See pages A-2 to A-7 for further information and reconciliations of these segment results to our U.S. GAAP consolidated results.

Non-GAAP Measures:

Throughout this release certain information is presented on an adjusted basis, which is a non-GAAP measure. Adjusted results begin with information prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), and then those results are adjusted to exclude certain items and reflect the conversion of certain Evercore LP Units into Class A shares. Evercore believes that the disclosed adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and facilitate an understanding of Evercore's operating results. Evercore uses these measures to evaluate its operating performance, as well as the performance of individual employees. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

Evercore's Adjusted Diluted Shares Outstanding for the three months ended March 31, 2024 were higher than U.S. GAAP as a result of the inclusion of certain Evercore LP Units and Unvested Restricted Stock Units.

Further details of these adjustments, as well as an explanation of similar amounts for the three months ended March 31, 2023 are included in pages A-2 to A-7. 


3

Selected Financial Data – U.S. GAAP Results

The following is a discussion of Evercore's consolidated results on a U.S. GAAP basis. See pages A-4 to A-6 for our business segment results.

Net Revenues
U.S. GAAP
Three Months Ended
March 31, 2024March 31, 2023%
Change
(dollars in thousands)
Investment Banking & Equities:
     Advisory Fees$429,838 $462,562 (7 %)
     Underwriting Fees55,535 22,883 143 %
     Commissions and Related Revenue48,238 48,065 — %
Investment Management:
     Asset Management and Administration Fees18,699 15,958 17 %
Other Revenue, net28,505 22,675 26 %
Net Revenues$580,815 $572,143 2 %

Three Months Ended
March 31, 2024March 31, 2023%
Change
Total Number of Fees from Advisory and Underwriting Client Transactions(1)
227 217 5 %
Total Number of Fees of at Least $1 million from Advisory and Underwriting Client Transactions(1)
91 78 17 %
Total Number of Underwriting Transactions(1)
19 14 36 %
Total Number of Underwriting Transactions as a Bookrunner(1)
16 12 33 %
1. Includes Equity and Debt Underwriting Transactions.

As of March 31,
20242023%
Change
Assets Under Management ($ mm)(1)
$12,999 $11,017 18 %
1. Assets Under Management reflect end of period amounts from our consolidated Wealth Management business.

Advisory Fees – First quarter Advisory Fees decreased $32.7 million, or 7%, year-over-year, reflecting a decline in revenue earned from large transactions during the first quarter of 2024.

Underwriting Fees – First quarter Underwriting Fees increased $32.7 million, or 143%, year-over-year, reflecting an increase in the number of transactions we participated in during the first quarter of 2024.

Commissions and Related Revenue – First quarter Commissions and Related Revenue increased $0.2 million year-over-year, primarily reflecting higher subscription fees, partially offset by lower trading commissions.

Asset Management and Administration Fees – First quarter Asset Management and Administration Fees increased $2.7 million, or 17%, year-over-year, driven by an increase in fees from Wealth Management clients, as associated AUM increased 18%, primarily from market appreciation.


4

Other Revenue – First quarter Other Revenue, net, increased $5.8 million, or 26%, year-over-year, primarily reflecting higher performance of our investment funds portfolio due to overall market appreciation, as well as higher returns on our fixed income investment portfolios, which primarily consist of U.S. treasury bills. The investment funds portfolio is used as an economic hedge against our deferred cash compensation program.

Expenses
U.S. GAAP
Three Months Ended
March 31, 2024March 31, 2023%
Change
(dollars in thousands)
Employee Compensation and Benefits$387,705 $366,872 6 %
Compensation Ratio66.8 %64.1 %
Non-Compensation Costs$108,990 $95,446 14 %
Non-Compensation Ratio18.8 %16.7 %
Special Charges, Including Business Realignment Costs$— $2,921 NM

Employee Compensation and Benefits – First quarter Employee Compensation and Benefits increased $20.8 million, or 6%, year-over-year, reflecting a compensation ratio of 66.8% for the first quarter of 2024 versus 64.1% for the prior year period. The increase in Employee Compensation and Benefits compared to the prior year period principally reflects higher base salaries, higher compensation expense related to senior new hires and higher amortization of prior period deferred compensation awards. See "Deferred Compensation" for more information.

Non-Compensation Costs – First quarter Non-Compensation Costs increased $13.5 million, or 14%, year-over-year, primarily driven by increases in professional fees and travel and related expenses, as well as communications and information services, principally reflecting higher license fees and research services in the first quarter of 2024. This was partially offset by a decrease in bad debt expense. The first quarter Non-Compensation ratio of 18.8% increased from 16.7% for the prior year period.

Special Charges, Including Business Realignment Costs – First quarter 2023 Special Charges, Including Business Realignment Costs, relate to the write-off of non-recoverable assets in connection with the wind-down of the Company's operations in Mexico.

Effective Tax Rate

The first quarter effective tax rate was (7.7%) versus 14.9% for the prior year period. The effective tax rate is principally impacted by the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price. The first quarter provision for income taxes for 2024 reflects an additional tax benefit of $29.5 million versus $13.7 million for the prior year period, due to the net impact associated with the appreciation in our share price upon vesting of employee share-based awards above the original grant price.

5

Selected Financial Data – Adjusted Results

The following is a discussion of Evercore's consolidated results on an Adjusted basis. See pages 3 and A-2 to A-7 for further information and reconciliations of these metrics to our U.S. GAAP results. See pages A-4 to A-6 for our business segment results.

Adjusted Net Revenues
Adjusted
Three Months Ended
March 31, 2024March 31, 2023%
Change
(dollars in thousands)
Investment Banking & Equities:
     Advisory Fees(1)
$430,526 $462,633 (7 %)
     Underwriting Fees55,535 22,883 143 %
     Commissions and Related Revenue48,238 48,065 — %
Investment Management:
     Asset Management and Administration Fees(2)
20,336 17,355 17 %
Other Revenue, net32,693 26,846 22 %
Net Revenues$587,328 $577,782 2 %
1. Advisory Fees on an Adjusted basis reflect the reclassification of earnings related to our equity method investments in Luminis and Seneca Evercore of $0.7 million and $0.1 million for the three months ended March 31, 2024 and 2023, respectively.
2. Asset Management and Administration Fees on an Adjusted basis reflect the reclassification of earnings related to our equity method investments in Atalanta Sosnoff and ABS of $1.6 million and $1.4 million for the three months ended March 31, 2024 and 2023, respectively.

See page 4 for additional business metrics.

Advisory Fees – First quarter adjusted Advisory Fees decreased $32.1 million, or 7%, year-over-year, reflecting a decline in revenue earned from large transactions during the first quarter of 2024.

Underwriting Fees – First quarter Underwriting Fees increased $32.7 million, or 143%, year-over-year, reflecting an increase in the number of transactions we participated in during the first quarter of 2024.

Commissions and Related Revenue – First quarter Commissions and Related Revenue increased $0.2 million year-over-year, primarily reflecting higher subscription fees, partially offset by lower trading commissions.

Asset Management and Administration Fees – First quarter adjusted Asset Management and Administration Fees increased $3.0 million, or 17%, year-over-year, primarily driven by an increase in fees from Wealth Management clients, as associated AUM increased 18%, primarily from market appreciation. The increase was also driven by a 17% increase in equity in earnings of affiliates.

Other Revenue – First quarter adjusted Other Revenue, net, increased $5.8 million, or 22%, year-over-year, primarily reflecting higher performance of our investment funds portfolio due to overall market appreciation, as well as higher returns on our fixed income investment portfolios, which primarily consist of U.S. treasury bills. The investment funds portfolio is used as an economic hedge against our deferred cash compensation program.







6

Adjusted Expenses
Adjusted
Three Months Ended
March 31, 2024March 31, 2023%
Change
(dollars in thousands)
Employee Compensation and Benefits$387,705 $366,872 6 %
Compensation Ratio66.0 %63.5 %
Non-Compensation Costs$108,990 $95,446 14 %
Non-Compensation Ratio18.6 %16.5 %

Employee Compensation and Benefits – First quarter adjusted Employee Compensation and Benefits increased $20.8 million, or 6%, year-over-year, reflecting an adjusted compensation ratio of 66.0% for the first quarter of 2024 versus 63.5% for the prior year period. The increase in adjusted Employee Compensation and Benefits compared to the prior year period principally reflects higher base salaries, higher compensation expense related to senior new hires and higher amortization of prior period deferred compensation awards. See "Deferred Compensation" for more information.

Non-Compensation Costs – First quarter adjusted Non-Compensation Costs increased $13.5 million, or 14%, year-over-year, primarily driven by increases in professional fees and travel and related expenses, as well as communications and information services, principally reflecting higher license fees and research services in the first quarter of 2024. This was partially offset by a decrease in bad debt expense. The first quarter adjusted Non-Compensation ratio of 18.6% increased from 16.5% for the prior year period.

Adjusted Effective Tax Rate

The first quarter adjusted effective tax rate was (9.3%) versus 15.2% for the prior year period. The adjusted effective tax rate is principally impacted by the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price. The first quarter adjusted provision for income taxes for 2024 reflects an additional tax benefit of $31.7 million versus $14.6 million for the prior year period, due to the net impact associated with the appreciation in our share price upon vesting of employee share-based awards above the original grant price.

Liquidity
 
The Company continues to maintain a strong balance sheet. As of March 31, 2024, cash and cash equivalents were $569.8 million, investment securities and certificates of deposit were $865.3 million and current assets exceeded current liabilities by $1.5 billion. Amounts due related to the Notes Payable were $373.8 million at March 31, 2024.

Headcount

As of March 31, 2024 and 2023, the Company employed approximately 2,225 and 2,135 people, respectively, worldwide.


7

As of March 31, 2024 and 2023, the Company employed 183(1) and 178(2) total Senior Managing Directors, respectively, in its Investment Banking & Equities segment, of which 142(1) and 138(2), respectively, were Investment Banking Senior Managing Directors.

(1) Senior Managing Director headcount as of March 31, 2024, adjusted to include one additional Investment Banking Senior Managing Director committed to join in the second quarter of 2024.
(2) Senior Managing Director headcount as of March 31, 2023, adjusted to include three additional Investment Banking Senior Managing Directors that joined in the second and third quarters of 2023.

Deferred Compensation

During the first quarter of 2024, the Company granted to certain employees 1.6 million unvested restricted stock units ("RSUs") (which were primarily granted in conjunction with the 2023 bonus awards) with a grant date fair value of $300.5 million.

In addition, during the first quarter of 2024, the Company granted $143.2 million of deferred cash awards to certain employees, related to our deferred cash compensation program, principally pursuant to 2023 bonus awards.

The Company recognized compensation expense related to RSUs and our deferred cash compensation program of $118.0 million and $106.8 million for the three months ended March 31, 2024 and 2023, respectively.

As of March 31, 2024, the Company had 5.3 million unvested RSUs with an aggregate grant date fair value of $764.2 million. RSUs are expensed over the service period of the award, subject to retirement eligibility, and generally vest over four years.

As of March 31, 2024, the Company expects to pay an aggregate of $375.4 million related to our deferred cash compensation program at various dates through 2028, subject to certain vesting events. Amounts due pursuant to this program are expensed over the service period of the award, subject to retirement eligibility, and are reflected in Accrued Compensation and Benefits, a component of current liabilities.

Capital Return Transactions

On April 23, 2024, the Board of Directors of Evercore declared a quarterly dividend of $0.80 per share to be paid on June 14, 2024 to common stockholders of record on May 31, 2024.

During the first quarter, the Company repurchased 0.9 million shares from employees for the net settlement of stock-based compensation awards at an average price per share of $176.35, and 0.6 million shares at an average price per share of $178.21 in open market transactions pursuant to the Company's share repurchase program. The aggregate 1.5 million shares were acquired at an average price per share of $177.04.

Conference Call

Evercore will host a related conference call beginning at 8:00 a.m. Eastern Time, Wednesday, April 24, 2024, accessible via telephone and webcast. Investors and analysts may participate in the live conference call by dialing (800) 225-9448 (toll-free domestic) or (203) 518-9708 (international); passcode: EVRQ124. Please register at least 10 minutes before the conference call begins.


8

A live audio webcast of the conference call will be available on the Investor Relations section of Evercore’s website at www.evercore.com. The webcast will be archived on Evercore’s website for 30 days.

About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

Investor Contact:Katy Haber
Head of Investor Relations & ESG
InvestorRelations@Evercore.com
Media Contacts:Jamie Easton
Head of Communications & External Affairs
Communications@Evercore.com
Shree Dhond / Zach Kouwe
Dukas Linden Public Relations
Evercore@DLPR.com
(646) 722-6531


9

Basis of Alternative Financial Statement Presentation

Our Adjusted results are a non-GAAP measure. As discussed further under "Non-GAAP Measures", Evercore believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and better reflects how management views its operating results. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation of our U.S. GAAP results to Adjusted results is presented in the tables included in the following pages.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, Evercore's operations and financial performance. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "backlog," "believes," "expects," "potential," "probable," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. All statements, other than statements of historical fact, included in this release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in Evercore's business. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Evercore believes these factors include, but are not limited to, those described under "Risk Factors" discussed in Evercore's Annual Report on Form 10-K for the year ended December 31, 2023, subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and Registration Statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. In addition, new risks and uncertainties emerge from time to time, and it is not possible for Evercore to predict all risks and uncertainties, nor can Evercore assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and Evercore does not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Evercore undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.









10

EVERCORE INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED MARCH 31, 2024 AND 2023
(dollars in thousands, except per share data)
(UNAUDITED)
Three Months Ended March 31,
20242023
Revenues
Investment Banking & Equities:
     Advisory Fees$429,838 $462,562 
     Underwriting Fees55,535 22,883 
     Commissions and Related Revenue48,238 48,065 
Asset Management and Administration Fees18,699 15,958 
Other Revenue, Including Interest and Investments32,693 26,846 
Total Revenues585,003 576,314 
Interest Expense(1)
4,188 4,171 
Net Revenues580,815 572,143 
Expenses
Employee Compensation and Benefits387,705 366,872 
Occupancy and Equipment Rental21,944 20,379 
Professional Fees31,219 24,137 
Travel and Related Expenses19,222 15,203 
Communications and Information Services19,167 15,735 
Depreciation and Amortization6,293 6,573 
Execution, Clearing and Custody Fees3,341 2,765 
Special Charges, Including Business Realignment Costs— 2,921 
Other Operating Expenses7,804 10,654 
Total Expenses496,695 465,239 
Income Before Income from Equity Method Investments and Income Taxes84,120 106,904 
Income from Equity Method Investments2,325 1,468 
Income Before Income Taxes86,445 108,372 
Provision (Benefit) for Income Taxes(6,679)16,131 
Net Income93,124 92,241 
Net Income Attributable to Noncontrolling Interest7,431 8,863 
Net Income Attributable to Evercore Inc.$85,693 $83,378 
Net Income Attributable to Evercore Inc. Common Shareholders$85,693 $83,378 
Weighted Average Shares of Class A Common Stock Outstanding:
Basic38,438 38,510 
Diluted41,080 40,439 
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic$2.23 $2.17 
Diluted$2.09 $2.06 
(1)Includes interest expense on long-term debt.

A - 1    

Adjusted Results
Throughout the discussion of Evercore's business and elsewhere in this release, information is presented on an Adjusted basis, which is a non-generally accepted accounting principles ("non-GAAP") measure. Adjusted results begin with information prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), adjusted to exclude certain items and reflect the conversion of certain Evercore LP Units, as well as Unvested Restricted Stock Units, into Class A shares. Evercore believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and facilitate an understanding of Evercore's operating results. The Company uses these measures to evaluate its operating performance, as well as the performance of individual employees. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. These Adjusted amounts are allocated to the Company's two business segments: Investment Banking & Equities and Investment Management. The differences between the Adjusted and U.S. GAAP results are as follows:
1.Assumed Exchange of Evercore LP Units into Class A Shares. The Adjusted results assume substantially all Evercore LP Units have been exchanged for Class A shares. Accordingly, the noncontrolling interest related to these units is converted to a controlling interest. The Company's management believes that it is useful to provide the per-share effect associated with the assumed conversion of substantially all of these previously granted equity interests and IPO related restricted stock units, and thus the Adjusted results reflect their exchange into Class A shares.
2.Special Charges, Including Business Realignment Costs. Expenses during 2023 that are excluded from the Adjusted presentation relate to the write-off of non-recoverable assets in connection with the wind-down of the Company's operations in Mexico.
3.Income Taxes. Evercore is organized as a series of Limited Liability Companies, Partnerships, C-Corporations and a Public Corporation in the U.S. as the ultimate parent. Certain of the subsidiaries, particularly Evercore LP, have noncontrolling interests held by management or former members of management. As a result, not all of the Company’s income is subject to corporate level taxes and certain other state and local taxes are levied. The assumption in the Adjusted earnings presentation is that substantially all of the noncontrolling interest is eliminated through the exchange of Evercore LP units into Class A common stock of the ultimate parent. As a result, the Adjusted earnings presentation assumes that the allocation of earnings to Evercore LP’s noncontrolling interest holders is substantially eliminated and is therefore subject to statutory tax rates of a C-Corporation under a conventional tax structure in the U.S. and that certain state and local taxes are reduced accordingly.
4.Presentation of Interest Expense. The Adjusted results present Adjusted Investment Banking & Equities Operating Income before interest expense on debt, which is included in interest expense on a U.S. GAAP basis.
5.Presentation of Income from Equity Method Investments. The Adjusted results present Income from Equity Method Investments within Revenue as the Company's Management believes it is a useful presentation.
A - 2    

EVERCORE INC.
U.S. GAAP RECONCILIATION TO ADJUSTED RESULTS
(dollars in thousands, except per share data)
(UNAUDITED)
Three Months Ended
March 31, 2024March 31, 2023
Net Revenues - U.S. GAAP$580,815 $572,143 
Income from Equity Method Investments (1)2,325 1,468 
Interest Expense on Debt (2)4,188 4,171 
Net Revenues - Adjusted $587,328 $577,782 
Other Revenue, net - U.S. GAAP$28,505 $22,675 
Interest Expense on Debt (2)4,188 4,171 
Other Revenue, net - Adjusted$32,693 $26,846 
Operating Income - U.S. GAAP$84,120 $106,904 
Income from Equity Method Investments (1)2,325 1,468 
Pre-Tax Income - U.S. GAAP86,445 108,372 
Special Charges, Including Business Realignment Costs (3)— 2,921 
Pre-Tax Income - Adjusted 86,445 111,293 
Interest Expense on Debt (2)4,188 4,171 
Operating Income - Adjusted $90,633 $115,464 
Provision (Benefit) for Income Taxes - U.S. GAAP$(6,679)$16,131 
Income Taxes (4)(1,330)774 
Provision (Benefit) for Income Taxes - Adjusted $(8,009)$16,905 
Net Income Attributable to Evercore Inc. - U.S. GAAP$85,693 $83,378 
Special Charges, Including Business Realignment Costs (3)— 2,921 
Income Taxes (4)1,330 (774)
Noncontrolling Interest (5)5,844 7,726 
Net Income Attributable to Evercore Inc. - Adjusted $92,867 $93,251 
Diluted Shares Outstanding - U.S. GAAP41,080 40,439 
LP Units (6)2,609 2,756 
Unvested Restricted Stock Units - Event Based (6)12 12 
Diluted Shares Outstanding - Adjusted 43,701 43,207 
Key Metrics: (a)
Diluted Earnings Per Share - U.S. GAAP$2.09 $2.06 
Diluted Earnings Per Share - Adjusted $2.13 $2.16 
Operating Margin - U.S. GAAP14.5 %18.7 %
Operating Margin - Adjusted 15.4 %20.0 %
Effective Tax Rate - U.S. GAAP(7.7 %)14.9 %
Effective Tax Rate - Adjusted (9.3 %)15.2 %
(a) Reconciliations of the key metrics from U.S. GAAP to Adjusted results are a derivative of the reconciliations of their components above.
A - 3    

EVERCORE INC.
U.S. GAAP SEGMENT RECONCILIATION TO ADJUSTED RESULTS
FOR THE THREE MONTHS ENDED MARCH 31, 2024
(dollars in thousands)
(UNAUDITED)
Investment Banking & Equities Segment
Three Months Ended March 31, 2024
U.S. GAAP BasisAdjustmentsNon-GAAP Adjusted Basis
Net Revenues:
Investment Banking & Equities:
     Advisory Fees$429,838 $688 (1)$430,526 
     Underwriting Fees55,535 — 55,535 
    Commissions and Related Revenue48,238 — 48,238 
Other Revenue, net28,117 4,188 (2)32,305 
Net Revenues561,728 4,876 566,604 
Expenses:
Employee Compensation and Benefits377,287 — 377,287 
Non-Compensation Costs105,551 — 105,551 
Total Expenses482,838 — 482,838 
Operating Income (a)$78,890 $4,876 $83,766 
Compensation Ratio (b)67.2 %66.6 %
Operating Margin (b)14.0 %14.8 %
Investment Management Segment
Three Months Ended March 31, 2024
U.S. GAAP BasisAdjustmentsNon-GAAP Adjusted Basis
Net Revenues:
Asset Management and Administration Fees$18,699 $1,637 (1)$20,336 
Other Revenue, net388 — 388 
Net Revenues19,087 1,637 20,724 
Expenses:
Employee Compensation and Benefits10,418 — 10,418 
Non-Compensation Costs3,439 — 3,439 
Total Expenses13,857 — 13,857 
Operating Income (a)$5,230 $1,637 $6,867 
Compensation Ratio (b)54.6 %50.3 %
Operating Margin (b)27.4 %33.1 %
(a) Operating Income for U.S. GAAP excludes Income (Loss) from Equity Method Investments.
(b) Reconciliations of the key metrics from U.S. GAAP to Adjusted results are a derivative of the reconciliations of their components above.

A - 4    

EVERCORE INC.
U.S. GAAP SEGMENT RECONCILIATION TO ADJUSTED RESULTS
FOR THE THREE MONTHS ENDED MARCH 31, 2023
(dollars in thousands)
(UNAUDITED)
Investment Banking & Equities Segment
Three Months Ended March 31, 2023
U.S. GAAP BasisAdjustmentsNon-GAAP Adjusted Basis
Net Revenues:
Investment Banking & Equities:
     Advisory Fees$462,562 $71 (1)$462,633 
     Underwriting Fees22,883 — 22,883 
    Commissions and Related Revenue48,065 — 48,065 
Other Revenue, net21,301 4,171 (2)25,472 
Net Revenues554,811 4,242 559,053 
Expenses:
Employee Compensation and Benefits357,071 — 357,071 
Non-Compensation Costs92,009 — 92,009 
Special Charges, Including Business Realignment Costs2,921 (2,921)(3)— 
Total Expenses452,001 (2,921)449,080 
Operating Income (a)$102,810 $7,163 $109,973 
Compensation Ratio (b)64.4 %63.9 %
Operating Margin (b)18.5 %19.7 %
Investment Management Segment
Three Months Ended March 31, 2023
U.S. GAAP BasisAdjustmentsNon-GAAP Adjusted Basis
Net Revenues:
Asset Management and Administration Fees$15,958 $1,397 (1)$17,355 
Other Revenue, net1,374 — 1,374 
Net Revenues17,332 1,397 18,729 
Expenses:
Employee Compensation and Benefits9,801 — 9,801 
Non-Compensation Costs3,437 — 3,437 
Total Expenses13,238 — 13,238 
Operating Income (a)$4,094 $1,397 $5,491 
Compensation Ratio (b)56.5 %52.3 %
Operating Margin (b)23.6 %29.3 %
(a) Operating Income for U.S. GAAP excludes Income (Loss) from Equity Method Investments.
(b) Reconciliations of the key metrics from U.S. GAAP to Adjusted results are a derivative of the reconciliations of their components above.

A - 5

EVERCORE INC.
U.S. GAAP SEGMENT AND CONSOLIDATED RESULTS
(dollars in thousands)
(UNAUDITED)
U.S. GAAP
Three Months Ended March 31,
20242023
Investment Banking & Equities
Net Revenues:
Investment Banking & Equities:
     Advisory Fees$429,838 $462,562 
     Underwriting Fees55,535 22,883 
     Commissions and Related Revenue48,238 48,065 
Other Revenue, net28,117 21,301 
Net Revenues561,728 554,811 
Expenses:
Employee Compensation and Benefits377,287 357,071 
Non-Compensation Costs105,551 92,009 
Special Charges, Including Business Realignment Costs— 2,921 
Total Expenses482,838 452,001 
Operating Income (a)$78,890 $102,810 
Investment Management
Net Revenues:
Asset Management and Administration Fees$18,699 $15,958 
Other Revenue, net388 1,374 
Net Revenues19,087 17,332 
Expenses:
Employee Compensation and Benefits10,418 9,801 
Non-Compensation Costs3,439 3,437 
Total Expenses13,857 13,238 
Operating Income (a)$5,230 $4,094 
Total
Net Revenues:
Investment Banking & Equities:
     Advisory Fees$429,838 $462,562 
     Underwriting Fees55,535 22,883 
     Commissions and Related Revenue48,238 48,065 
Asset Management and Administration Fees18,699 15,958 
Other Revenue, net28,505 22,675 
Net Revenues580,815 572,143 
Expenses:
Employee Compensation and Benefits387,705 366,872 
Non-Compensation Costs108,990 95,446 
Special Charges, Including Business Realignment Costs— 2,921 
Total Expenses496,695 465,239 
Operating Income (a)$84,120 $106,904 
(a) Operating Income excludes Income (Loss) from Equity Method Investments.
A - 6

Notes to Unaudited Condensed Consolidated Adjusted Financial Data

For further information on these adjustments, see page A-2.

(1)Income (Loss) from Equity Method Investments has been reclassified to Revenue in the Adjusted presentation.
(2)Interest Expense on Debt is excluded from Net Revenues and presented below Operating Income in the Adjusted results and is included in Interest Expense on a U.S. GAAP basis.
(3)Expenses during 2023 that are excluded from the Adjusted presentation relate to the write-off of non-recoverable assets in connection with the wind-down of the Company's operations in Mexico.
(4)Evercore is organized as a series of Limited Liability Companies, Partnerships, C-Corporations and a Public Corporation in the U.S. as the ultimate parent. Certain of the subsidiaries, particularly Evercore LP, have noncontrolling interests held by management or former members of management. As a result, not all of the Company’s income is subject to corporate level taxes and certain other state and local taxes are levied. The assumption in the Adjusted earnings presentation is that substantially all of the noncontrolling interest is eliminated through the exchange of Evercore LP units into Class A common stock of the ultimate parent. As a result, the Adjusted earnings presentation assumes that the allocation of earnings to Evercore LP’s noncontrolling interest holders is substantially eliminated and is therefore subject to statutory tax rates of a C-Corporation under a conventional tax structure in the U.S. and that certain state and local taxes are reduced accordingly.
(5)Reflects an adjustment to eliminate noncontrolling interest related to substantially all Evercore LP partnership units which are assumed to be converted to Class A common stock in the Adjusted presentation.
(6)Assumes the exchange into Class A shares of substantially all Evercore LP Units and IPO related restricted stock unit awards in the Adjusted presentation. In the computation of outstanding common stock equivalents for U.S. GAAP net income per share, the Evercore LP Units are anti-dilutive.
A - 7
 EX-101.SCH 3 evr-20240424.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0000001 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 evr-20240424_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Security Exchange Name Security Exchange Name Title of 12(b) Security Title of 12(b) Security Written Communications Written Communications Local Phone Number Local Phone Number Trading Symbol Trading Symbol Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, State or Province Entity Address, State or Province Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Document Period End Date Document Period End Date Entity Emerging Growth Company Entity Emerging Growth Company Pre-commencement Tender Offer Pre-commencement Tender Offer Soliciting Material Soliciting Material City Area Code City Area Code Entity Address, Postal Zip Code Entity Address, Postal Zip Code Document Type Document Type Amendment Flag Amendment Flag Entity Central Index Key Entity Central Index Key Entity File Number Entity File Number Entity Address, City or Town Entity Address, City or Town Entity Tax Identification Number Entity Tax Identification Number Document and Entity Information [Abstract] Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entity Address, Address Line One Entity Address, Address Line One Entity Registrant Name Entity Registrant Name EX-101.PRE 5 evr-20240424_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 7 R1.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Document and Entity Information Document
Apr. 24, 2024
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date Apr. 24, 2024
Entity Registrant Name EVERCORE INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-32975
Entity Tax Identification Number 20-4748747
Entity Address, Address Line One 55 East 52nd Street
Entity Address, City or Town New York,
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10055
City Area Code 212
Local Phone Number 857-3100
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock, par value $0.01 per share
Trading Symbol EVR
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001360901
Amendment Flag false
EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.24.1.u1 html 1 22 1 false 0 0 false 0 false false R1.htm 0000001 - Document - Document and Entity Information Document Sheet http://www.evercore.com/role/DocumentandEntityInformationDocument Document and Entity Information Document Cover 1 false false All Reports Book All Reports evr-20240424.htm evr-20240424.xsd evr-20240424_lab.xml evr-20240424_pre.xml http://xbrl.sec.gov/dei/2023 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "evr-20240424.htm": { "nsprefix": "evr", "nsuri": "http://www.evercore.com/20240424", "dts": { "inline": { "local": [ "evr-20240424.htm" ] }, "schema": { "local": [ "evr-20240424.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] }, "labelLink": { "local": [ "evr-20240424_lab.xml" ] }, "presentationLink": { "local": [ "evr-20240424_pre.xml" ] } }, "keyStandard": 22, "keyCustom": 0, "axisStandard": 0, "axisCustom": 0, "memberStandard": 0, "memberCustom": 0, "hidden": { "total": 2, "http://xbrl.sec.gov/dei/2023": 2 }, "contextCount": 1, "entityCount": 1, "segmentCount": 0, "elementCount": 23, "unitCount": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 23 }, "report": { "R1": { "role": "http://www.evercore.com/role/DocumentandEntityInformationDocument", "longName": "0000001 - Document - Document and Entity Information Document", "shortName": "Document and Entity Information Document", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "evr-20240424.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "evr-20240424.htm", "first": true, "unique": true } } }, "tag": { "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Amendment Flag", "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "City Area Code", "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Document Period End Date", "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Document Type", "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "evr_DocumentandEntityInformationAbstract": { "xbrltype": "stringItemType", "nsuri": "http://www.evercore.com/20240424", "localname": "DocumentandEntityInformationAbstract", "lang": { "en-us": { "role": { "terseLabel": "Document and Entity Information [Abstract]", "label": "Document and Entity Information [Abstract]", "documentation": "Document and Entity Information [Abstract]" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line One", "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, City or Town", "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Postal Zip Code", "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, State or Province", "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Central Index Key", "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r1" ] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Emerging Growth Company", "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r1" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity File Number", "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Incorporation, State or Country Code", "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Registrant Name", "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r1" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Tax Identification Number", "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r1" ] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Local Phone Number", "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Pre-commencement Issuer Tender Offer", "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r3" ] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Pre-commencement Tender Offer", "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r4" ] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Title of 12(b) Security", "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r0" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Security Exchange Name", "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r2" ] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Soliciting Material", "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r5" ] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Symbol", "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://www.evercore.com/role/DocumentandEntityInformationDocument" ], "lang": { "en-us": { "role": { "terseLabel": "Written Communications", "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r6" ] } } } }, "std_ref": { "r0": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r1": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r2": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r3": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r4": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r5": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r6": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" } } } ZIP 15 0001360901-24-000009-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001360901-24-000009-xbrl.zip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end XML 17 evr-20240424_htm.xml IDEA: XBRL DOCUMENT 0001360901 2024-04-24 2024-04-24 0001360901 false 8-K 2024-04-24 EVERCORE INC. DE 001-32975 20-4748747 55 East 52nd Street New York, NY 10055 212 857-3100 false false false false Class A Common Stock, par value $0.01 per share EVR NYSE false false