NASDAQ$SAMG
Silvercrest Asset Manageme-A · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Silvercrest's AUM grew, driven by supportive markets and improved economic conditions, leading to increased revenue, while strategic investments in future growth impacted profitability metrics.
Silvercrest Asset Management Group reported an increase in total AUM to $35.1 billion and discretionary AUM to $22.6 billion, driven by supportive markets. Revenue increased to $30.4 million. However, strategic investments in the business led to higher expenses, impacting net income and adjusted EBITDA.
- Total AUM reached $35.1 billion, with discretionary AUM at $22.6 billion.
- Revenue increased to $30.4 million.
- GAAP net income was $3.7 million, with net income attributable to Silvercrest at $2.3 million.
- Adjusted EBITDA stood at $6.3 million.
Headline financials
Revenue & EPS history
Silvercrest · Revenue · Quarterly
$30.4M
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 optimistic about securing significant organic net flows over the next two quarters and anticipates near-term positive AUM flows and resulting revenue increases from its growing pipeline of new institutional business opportunities.
Tailwinds
- Optimistic about securing significant organic net flows over the next two quarters.
- Expects near-term positive AUM flows.
- Anticipates resulting revenue increases from the pipeline.
- New Global Equity strategy has a high capacity for significant inflows.
- Pipeline of new institutional business opportunities increased during the third quarter by 20% and now stands at $1.2 billion.
Headwinds
- Investments in the future growth of the business have resulted in higher total compensation.
- Most metrics of the business are down due to these higher expenses.
- Reported discretionary outflows during the third quarter, although the outflows were revenue neutral to the firm.
- Total expenses increased by $2.8 million, or 12.0%, to $26.0 million.
- Consolidated net income was $3.7 million or 12.3% of revenue, as compared to consolidated net income of $5.4 million or 18.1% of revenue for the same period in the prior year.
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 Q3 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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