Evercore (EVR) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 4, 2026 astatine 9:10 AM CST 40 min read

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Wednesday, Feb. 4, 2026 astatine 8 a.m. ET

• Chairman and Chief Executive Officer — John Weinberg

• Chief Financial Officer — Timothy LaLonde

• Head of Investor Relations — Katy Haber

Katy Haber: Thank you, Operator. Good morning, and convey you for joining america contiguous for Evercore Inc.'s 4th fourth and afloat twelvemonth 2025 fiscal results league call. I'm Katy Haber, Evercore Inc.'s Head of Investor Relations. Joining maine connected the telephone contiguous is John Weinberg, our Chairman and CEO, and Timothy LaLonde, our CFO. After our prepared remarks, we volition unfastened up the telephone for questions. Earlier today, we issued a property merchandise announcing Evercore Inc.'s 4th fourth and afloat twelvemonth 2025 fiscal results. Our treatment of our results contiguous is complementary to the property release, which is disposable connected our website astatine evercore.com.

This league telephone is being webcast unrecorded successful the For Investors conception of our website, and an archive of it volition beryllium disposable for 30 days opening astir 1 hr aft the decision of this call. During the people of this league call, we whitethorn marque a fig of forward-looking statements. Any forward-looking statements that we marque are taxable to assorted uncertainties, and determination are important factors that could origin existent outcomes to disagree materially from those indicated successful these statements. These factors include, but are not constricted to, those discussed successful Evercore Inc. filings with the SEC, including our yearly study connected Form 10-Ks, quarterly reports connected Form 10-Q, and existent reports connected Form 8-Ks.

I privation to punctual you that the institution assumes nary work to update immoderate forward-looking statements. In our presumption today, unless different indicated, we volition beryllium discussing fiscal measures, which are non-GAAP measures that we judge are meaningful erstwhile evaluating the company's performance. For elaborate disclosures connected these measures and the GAAP reconciliations, you should notation to the fiscal information contained wrong our property release, which is posted connected our website. We proceed to judge that it is important to measure Evercore Inc.'s show connected an yearly basis. As we person noted previously, our results for immoderate peculiar 4th are influenced by the timing of transaction closings. I volition present crook the telephone implicit to John Weinberg.

John Weinberg: Thank you, Katy. And bully morning, everyone. 2025 was a beardown twelvemonth for Evercore Inc. We saw broad-based momentum crossed each of our businesses and ended the twelvemonth with the strongest gross show successful our history. Firm-wide adjusted nett gross reached astir $3.9 billion, up 29% versus the anterior twelvemonth and astir 17% supra our erstwhile grounds successful 2021. In fact, our 4th fourth represented the strongest gross 4th successful our past with astir $1.3 cardinal successful adjusted nett revenue. For the year, we generated astir $14.56 successful adjusted net per share, continued to instrumentality a meaningful magnitude of superior to shareholders, and improved our borderline profile.