Quarterly ResultMay 11, 2026, 04:16 PM
Silvercrest Q1 Net Income $0.5M, EPS $0.03; Declares $0.21 Dividend
AI Summary
Silvercrest Asset Management Group Inc. reported Q1 2026 results with consolidated net income of $0.5 million and basic/diluted EPS of $0.03, significantly lower than the prior year. Revenue remained flat at $31.4 million, while total AUM saw a modest 1.1% year-over-year increase to $35.7 billion. The company highlighted ongoing significant investments in growth initiatives, including international expansion and talent, which contributed to elevated expenses and a lower compensation ratio.
Key Highlights
- Q1 2026 GAAP consolidated net income was $0.5 million, down from $3.9 million in Q1 2025.
- Basic and diluted net income per share was $0.03, down from $0.26 in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $3.7 million, down from $6.5 million in Q1 2025.
- Total revenue remained flat at $31.4 million for Q1 2026 compared to Q1 2025.
- Total AUM increased 1.1% year-over-year to $35.7 billion at March 31, 2026.
- Discretionary AUM decreased 3.7% quarter-over-quarter to $23.1 billion due to net institutional outflows.
- Compensation and benefits expense rose to 67.2% of revenue in Q1 2026 from 60.2% in Q1 2025.
- The Board declared a quarterly dividend of $0.21 per share of Class A common stock.
Price Impact
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