NASDAQ$SAMG
Silvercrest Asset Manageme-A · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Silvercrest's performance was affected by narrow market leadership and increased investments in future growth.
Silvercrest Asset Management Group reported a revenue increase of 4.2% year-over-year, reaching $31.0 million. However, the company's discretionary AUM decreased by $1.1 billion to $21.6 billion due to institutional mandate losses. Despite increased revenue, most business metrics were down due to higher expenses related to investments in future growth, including new hires.
- Total AUM reached $33.4 billion, a 4.7% increase year-over-year.
- Revenue increased by 4.2% to $31.0 million compared to the same quarter last year.
- Discretionary AUM decreased to $21.6 billion due to the loss of institutional mandates.
- The company is investing in future growth, including hiring a global equity investment team and a new business development professional.
Headline financials
Revenue & EPS history
Silvercrest · Revenue · Quarterly
$31M
Revenue by segment
Silvercrest · $31.2M total across 2 segments · Q1 2021
- Management & Advisory$30.2M+10.3%96.7%
- Family Office Services$1.03M+5.6%3.3%
Forward guidance
Silvercrest is focused on investing in future growth by expanding its team and exploring global opportunities. The company expects positive flows from its institutional equity and OCIO capabilities and anticipates significant institutional mandates from its new Global Equity team.
Tailwinds
- Broader market participation should improve future AUM growth.
- New Global Equity team has potential for significant institutional mandates.
- Pipeline of new institutional business opportunities remains up from the fourth quarter of last year.
- Expect near-term positive flows from institutional equity and OCIO capabilities.
- Substantial new opportunities globally for a firm with high-quality capabilities and superior client service.
Headwinds
- Market leadership remained unusually narrow during the second quarter.
- Other market segments, including Large Cap Value and Small Cap, declined during the second quarter.
- Silvercrest’s discretionary AUM decreased due to the loss of institutional mandates.
- New client accounts and relationships during the quarter were modest but positive.
- Silvercrest continues to accrue a higher interim percentage of revenue for compensation.
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 2024
-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
| Quarter | Report date | Reaction (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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