Evercore Partners has reported that its US GAAP net revenues increased by 23% to $642.4m for the year 2012, against $524.3m, during the same period last fiscal.
For the twelve months ended on 31 December 2012, its US GAAP net income from continuing operations attributable to the company stood at $28.9m, or $0.89 per share, up by 265% compared to $7.9m, or $0.27 per share year ago period.
The US GAAP trailing twelve-month compensation ratio was 67% compared to 68.2% for the twelve months ended 31 December 2011.
Evercore president and CEO Ralph Schlosstein said, "Our record results, both for the quarter and the year, demonstrate the strength of our independent investment banking advisory model, and the receptivity of business leaders and Boards of Directors to our approach."
Investment banking segment reported net revenues of $556m, with an increase of 32% from $421m during the comparable period earlier year.
Investment Management net revenue and operating income were $82.9m and $4.5m, compared to $98.9m and $10.2m, respectively, during the corresponding period a year ago.
Evercore operates in New York, Boston, Chicago, Minneapolis, Houston, Los Angeles, San Francisco, Washington DC, Toronto, London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo, Brazil.