NASDAQ$SAMG

Silvercrest Asset Manageme-A · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Silvercrest's performance was affected by volatile economic and market conditions. The firm experienced net outflows due to client tax payments, but increased relationships and new accounts.

Silvercrest Asset Management Group reported a decrease in revenue and discretionary AUM for Q2 2022 due to volatile market conditions and client tax payments. However, the company increased relationships and new accounts, and its Adjusted EBITDA margin remained healthy.

  • Total assets under management reached $28.7 billion, including $20.4 billion in discretionary AUM and $8.3 billion in non-discretionary AUM.
  • Revenue was reported at $32.2 million.
  • GAAP consolidated net income and net income attributable to Silvercrest were $9.5 million and $5.8 million, respectively.
  • Adjusted EBITDA was $9.2 million.

Headline financials

Total Revenue

$32.2M

Previous: $33.1M-2.8%
EPS (adj)

$0.39

Previous: $0.45-13.3%
Total AUM

$28.7B

Previous: $31B-7.4%
Discretionary AUM

$20.4B

Previous: $22.9B-10.9%
Non-Discretionary AUM

$8.3B

Previous: $8.1B+2.5%
Adjusted EBITDA

$9.2M

Previous: $10.4M-11.8%
Adjusted EBITDA Margin

28.5%

Previous: 31.5%-9.5%
Capital Expenditures

-$290K

Previous: -$396K+26.8%
Free Cash Flow

$5.48M

Previous: $2.94M+86.5%
Net Income

$5.77M

Previous: $3.34M+73.0%
Operating Income

$11.9M

Previous: $7.34M+62.1%
Gross Profit

$38K

Previous: $14.6M-99.7%
Cash & Equivalents

$67.6M

Previous: $53.6M+26.0%
Total Assets

$207M

Previous: $203M+2.2%
Stock-Based Comp

$276K

Previous: $293K-5.8%

Revenue & EPS history

Silvercrest · Revenue · Quarterly

$32.2M

Q2 2022-2.8%vs Q2 2021
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

Silvercrest · $31.2M total across 2 segments · Q1 2021

  • Management & Advisory
    $30.2M+10.3%
  • Family Office Services
    $1.03M+5.6%

Forward guidance

Market volatility and uncertainty create long-term opportunities that typically benefit the high-quality of Silvercrest’s capabilities, and the company look forward to more stable markets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.6%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

45%

24 / 53 earnings

Positive

+10.3%

Q4 2021

Best reaction

-10.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-10.1%-16.5%
Q4 2025+2.6%-5.6%-3.8%
Q3 2025-0.5%-2.7%-3.8%
Q1 2025-10.1%-9.0%-7.2%
Q4 2024-1.3%-1.8%-11.4%
Q3 2024-6.6%-3.4%+4.4%
Q2 2024-9.1%-14.2%-8.6%
Q1 2024-1.8%+2.1%+3.6%
Q4 2023-6.0%-6.9%-11.6%
Q3 2023+0.3%-5.4%-9.9%
Q2 2023-4.1%-4.0%-11.6%
Q1 2023-2.1%+8.2%+12.8%
Q4 2022-1.5%-1.2%+2.9%
Q3 2022+0.1%-0.9%+6.4%
Q2 2022+3.8%+1.4%+11.5%
Q1 2022-0.4%-8.9%+1.5%
Q4 2021+10.3%+3.8%+26.8%
Q3 2021+1.2%+1.4%-2.3%
Q2 2021+4.5%+10.6%+6.6%
Q1 2021+1.5%-2.0%+18.8%
Q4 2020+3.5%+5.2%-0.1%
Q3 2020-7.8%+6.5%+19.4%
Q2 2020-1.3%+11.1%+12.8%
Q1 2020-5.1%-6.4%+5.5%
Q4 2019-6.5%-17.3%-24.4%
Q3 2019+3.7%+7.9%+5.5%
Q2 2019-5.1%-1.0%-8.8%
Q1 2019+3.1%+1.7%-8.2%
Q4 2018-5.9%-0.3%-6.7%
Q3 2018+1.2%-2.0%-2.9%
Q2 2018-2.6%-4.0%-9.2%
Q1 2018+0.0%+0.3%+3.9%
Q4 2017-3.8%-0.6%-3.4%
Q3 2017+3.1%+0.9%-4.9%
Q2 2017+0.4%+0.8%-1.6%
Q1 2017-2.3%+2.7%+3.9%
Q4 2016-5.9%-3.3%-5.9%
Q3 2016+3.2%+5.0%+17.6%
Q2 2016+0.4%-1.9%+1.9%
Q1 2016-0.4%
Q4 2015+4.9%
Q3 2015-2.8%
Q2 2015+4.8%
Q1 2015-2.6%
Q4 2014+3.2%
Q3 2014-1.9%
Q2 2014+2.6%
Q1 2013+3.8%
Q1 2014-1.8%
Q4 2013+2.2%
Q4 2012-1.5%
Q3 2013+2.6%
Q2 2013+0.6%
Q3 2012
Q2 2012
Q1 2012

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