Business/Financial Results (Form 8-K)

E V E R C O R E

EVERCORE REPORTS THIRD QUARTER 2025 RESULTS;

QUARTERLY DIVIDEND OF $0.84 PER SHARE

			Third Quarter Results																		Year to Date Results
			U.S. GAAP									Adjusted									U.S. GAAP									Adjusted
			Q3 2025			Q3 2024						Q3 2025			Q3 2024						YTD 2025			YTD 2024						YTD 2025			YTD 2024
Net Revenues ($ mm)			$	1,038.9		$	734.2					$	1,047.1		$	739.5					$	2,567.5		$	2,004.3					$	2,585.8		$	2,022.1
Operating Income ($ mm)			$	216.2		$	122.0					$	227.9		$	134.6					$	477.8		$	314.4					$	501.2		$	339.5
Net Income Attributable to Evercore Inc. ($ mm)			$	144.6		$	78.4					$	155.5		$	90.9					$	388.0		$	237.8					$	415.7		$	262.5
Diluted Earnings Per Share			$	3.41		$	1.86					$	3.48		$	2.04					$	9.26		$	5.76					$	9.41		$	5.98
Compensation Ratio			65.5		%	66.5		%				65.0		%	66.0		%				65.8		%	66.6		%				65.3		%	66.0		%
Operating Margin			20.8		%	16.6		%				21.8		%	18.2		%				18.6		%	15.7		%				19.4		%	16.8		%

Business and Financial Highlights

g

Record Third Quarter and Year-to-Date Net Revenues were $1.0 billion and $2.6 billion, respectively, on both a U.S. GAAP and an Adjusted basis. Third Quarter and Year-to-Date Net Revenues increased 41% and 28%, respectively, on a U.S. GAAP basis and 42% and 28%, respectively, on an Adjusted basis versus 2024

g

Third Quarter Operating Income of $216.2 million and $227.9 million on a U.S. GAAP and an Adjusted basis, respectively, increased 77% and 69%, respectively, versus 2024; Third Quarter Operating Margins of 20.8% and 21.8% on a U.S. GAAP and an Adjusted basis, respectively, increased 420 and 356 basis points, respectively, versus 2024

g

The acquisition of Robey Warshaw closed on October 1, 2025

g

Evercore saw strong momentum across all Advisory businesses with a record quarter for our European Advisory business and record third quarters for Private Capital Advisory and Private Funds Group

g

Evercore advised on some notable transactions in the third quarter, including:

g

Dayforce, Inc. on its $12.3 billion sale to Thoma Bravo

g

CommScope on the sale of its Connectivity and Cable Solutions business to Amphenol for $10.5 billion

g

CityFibre on its comprehensive £6.2 billion recapitalization, including £2.3 billion of incremental debt and equity facilities

g

Crescent Energy on its $3.1 billion acquisition of Vital Energy

g

We have continued to experience strong activity in October, advising Carlyle on its €7.7 billion acquisition of BASF Coatings and Huntington Bancshares on its acquisition of Cadence Bank for $7.4 billion

g

Our Equities business, Evercore ISI, has achieved the No.1 ranking in Extel's All-America Research Survey for the 4th consecutive year and had its best quarter since the fourth quarter of 2016

g

Evercore Wealth Management was once again named to Barron's annual ranking of top 100 independent U.S. RIAs and was named to Forbes' top RIA firms for the first time

Talent

g

We welcomed five Investment Banking Senior Managing Directors (SMDs) from Robey Warshaw on October 1st, 2025; Simon Robey, Simon Warshaw, Philip Apostolides, George Osborne and Chetan Singh

g

One Investment Banking SMD joined Evercore since the last earnings call; Ovadiah Jacob in our private capital markets and debt advisory group

g

Since our last earnings call, four additional Investment Banking SMDs have committed to join Evercore this year; two focused on Financial Sponsors (one in the U.S. and one in Europe), one joining our U.S. Healthcare group and one based in Stockholm

Capital Return

g

Quarterly dividend of $0.84 per share

g

Returned $623.8 million to shareholders during the first nine months of 2025 through dividends and repurchases of 1.9 million shares at an average price of $264.72

NEW YORK, October 29, 2025 - Evercore Inc. (NYSE: EVR) today announced its results for the third quarter ended September 30, 2025.

LEADERSHIP COMMENTARY

John S. Weinberg, Chairman and Chief Executive Officer, "We continue to experience strong momentum across our businesses. We are optimistic about Evercore's market position and remain focused on serving our clients as conditions evolve."

Roger C. Altman, Founder and Senior Chairman, "We achieved record third quarter results, with over $1.0 billion in net revenues in the quarter, continuing the strong performance from the first half and reinforcing the strength of our growing, diversified platform."

2

Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a longer period of time.

Business Segments:

Evercore's business results are categorized into two segments: Investment Banking & Equities and Investment Management. Investment Banking & Equities includes providing advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Investment Management includes Wealth Management and interests in private equity funds which are not managed by the Company, as well as advising third-party investors through affiliates. See pages A-2 to A-9 for further information and reconciliations of these segment results to our U.S. GAAP consolidated results.

Non-GAAP Measures:

Throughout this release certain information is presented on an adjusted basis, which is a non-GAAP measure. Adjusted results begin with information prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), and then those results are adjusted to exclude certain items and reflect the conversion of certain Evercore LP Units into Class A shares. Evercore believes that the disclosed adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and facilitate an understanding of Evercore's operating results. Evercore uses these measures to evaluate its operating performance, as well as the performance of individual employees. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

Acquisition and Transition Costs have been excluded from Adjusted Net Income Attributable to Evercore Inc. These charges in 2025 relate to professional fees and certain other costs incurred related to the acquisition of Robey Warshaw.

Evercore's Adjusted Diluted Shares Outstanding for the three and nine months ended September 30, 2025 were higher than U.S. GAAP primarily as a result of the inclusion of Evercore LP Units.

Further details of these adjustments, as well as an explanation of similar amounts for the three and nine months ended September 30, 2024 are included in pages A-2 to A-9.

Reclassifications:

During the second quarter of 2025, the Company changed its U.S. GAAP and Adjusted presentation such that "Communications and Information Services" was renamed to "Technology and Information Services." Technology and related expenses have been reclassified from "Professional Fees" to "Technology and Information Services." The Company has reclassified prior periods to conform to the current presentation in this release. There was no impact on previously reported U.S. GAAP or Adjusted Operating Income, Net Income or Earnings Per Share.

The prior period reclassifications from "Professional Fees" to "Technology and Information Services" are as follows: Q1 2025: $10.2 million; Q1 2024: $9.0 million; Q2 2024: $9.9 million; Q3 2024: $10.4 million; Q4 2024: $10.2 million; Q1 2023: $8.6 million; Q2 2023: $8.2 million; Q3 2023: $9.2 million;

Q4 2023: $9.1 million. Further details of these reclassifications, as well as a revised presentation for the quarterly results for Q1 2025 and quarterly and full year results for 2024, 2023 and 2022 are available on the Investor Relations section of Evercore's website at www.evercore.com.

Selected Financial Data - U.S. GAAP Results

The following is a discussion of Evercore's consolidated results on a U.S. GAAP basis. See pages A-5 to A-7 for our business segment results.

Net Revenues

			U.S. GAAP
			Three Months Ended																		Nine Months Ended
			September 30, 2025						September 30, 2024						% Change						September 30, 2025						September 30, 2024						% Change
			(dollars in thousands)
Investment Banking & Equities:
Advisory Fees			$	883,712					$	592,980					49		%				$	2,138,805					$	1,591,049					34		%
Underwriting Fees			43,730						44,132						(1		%)				130,191						130,666						-		%
Commissions and Related Revenue			62,816						54,559						15		%				176,198						155,996						13		%
Investment Management:
Asset Management and Administration Fees			22,477						20,555						9		%				64,144						58,454						10		%
Other Revenue, net			26,149						21,996						19		%				58,205						68,096						(15		%)
Net Revenues			$	1,038,884					$	734,222					41		%				$	2,567,543					$	2,004,261					28		%

			Three Months Ended																		Nine Months Ended
			September 30, 2025						September 30, 2024						% Change						September 30, 2025						September 30, 2024						% Change
Total Number of Fees from Advisory and Underwriting Client Transactions(1)			268						259						3		%				551						544						1		%
Total Number of Fees of at Least $1 million from Advisory and Underwriting Client Transactions(1)			137						112						22		%				344						298						15		%
Total Number of Underwriting Transactions(1)			14						17						(18		%)				41						53						(23		%)
Total Number of Underwriting Transactions as a Bookrunner(1)			13						15						(13		%)				38						45						(16		%)
1. Includes Equity and Debt Underwriting Transactions.

			As of September 30,
			2025						2024						% Change
Assets Under Management ($ mm)(1)			$	15,351					$	13,887					11		%
1. Assets Under Management reflect end of period amounts from our consolidated Wealth Management business.

Advisory Fees - Third quarter Advisory Fees increased $290.7 million, or 49%, year-over-year, and year-to-date Advisory Fees increased $547.8 million, or 34%, year-over-year, primarily reflecting an increase in revenue earned from large transactions during 2025.

Underwriting Fees - Third quarter and year-to-date Underwriting Fees were flat year-over-year, reflecting a decrease in the number of transactions we participated in, offset by an increase in the average fee size of the transactions we participated in during 2025.

Commissions and Related Revenue - Third quarter Commissions and Related Revenue increased $8.3 million, or 15%, year-over-year, and year-to-date Commissions and Related Revenue increased $20.2 million, or 13%, year-over-year, primarily reflecting higher trading commissions driven by increased trading volume and higher subscription fees during 2025.

Asset Management and Administration Fees - Third quarter Asset Management and Administration Fees increased $1.9 million, or 9%, year-over-year, driven by an increase in fees from Wealth Management

clients, as associated AUM increased 11%, primarily from market appreciation as well as net inflows. Year-to-date Asset Management and Administration Fees increased $5.7 million, or 10%, year-over-year, driven by an increase in fees from Wealth Management clients, as associated AUM increased 11%, primarily from market appreciation as well as net inflows.

Other Revenue - Third quarter Other Revenue, net, increased $4.2 million, or 19%, year-over-year, primarily reflecting higher performance of our investment funds portfolio, as well as higher returns on our fixed income investment portfolios, which primarily consist of U.S. Treasury bills, driven by higher portfolio balances during the third quarter of 2025 compared to 2024. These increases were partially offset by an increase in interest expense primarily related to the issuance of new senior notes in July 2025. Year-to-date Other Revenue, net, decreased $9.9 million, or 15%, year-over-year, primarily reflecting lower performance of our investment funds portfolio, as well as lower returns on our fixed income investment portfolios, which primarily consist of U.S. Treasury bills, driven by lower rates during 2025 compared to 2024. The decrease was also partially attributed to an increase in interest expense primarily related to the issuance of new senior notes in July 2025. The investment funds portfolio is used as an economic hedge against our deferred cash compensation program.

Expenses

			U.S. GAAP
			Three Months Ended																		Nine Months Ended
			September 30, 2025						September 30, 2024						% Change						September 30, 2025						September 30, 2024						% Change
			(dollars in thousands)
Employee Compensation and Benefits			$	680,652					$	488,010					39		%				$	1,689,088					$	1,334,650					27		%
Compensation Ratio			65.5		%				66.5		%										65.8		%				66.6		%
Non-Compensation Costs			$	142,026					$	116,914					21		%				$	400,676					$	347,950					15		%
Non-Compensation Ratio			13.7		%				15.9		%										15.6		%				17.4		%
Special Charges, Including Business Realignment Costs			$	-					$	7,305					NM						$	-					$	7,305					NM

Employee Compensation and Benefits - Third quarter Employee Compensation and Benefits increased $192.6 million, or 39%, year-over-year, reflecting a compensation ratio of 65.5% for the third quarter of 2025 versus 66.5% for the prior year period. The increase in Employee Compensation and Benefits compared to the prior year period principally reflects a higher accrual for incentive compensation, higher base salaries and higher compensation expense related to senior new hires. The Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date Employee Compensation and Benefits increased $354.4 million, or 27%, year-over-year, reflecting a year-to-date compensation ratio of 65.8% versus 66.6% for the prior year period. The increase in Employee Compensation and Benefits compared to the prior year period principally reflects a higher accrual for incentive compensation, higher base salaries and higher amortization of prior period deferred compensation awards. The Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. See "Deferred Compensation" for more information.

Non-Compensation Costs - Third quarter Non-Compensation Costs increased $25.1 million, or 21%, year-over-year, primarily driven by an increase in technology and information services, principally reflecting higher expenses associated with license fees and research services in the third quarter of 2025, an increase in travel and related expenses, largely due to higher levels of business activity and increased headcount, and an increase in occupancy and equipment rental expense, primarily related to an increase in office space. The third quarter Non-Compensation ratio of 13.7% decreased from 15.9% for the prior year period. The Non-Compensation Ratio was also impacted by higher net revenues, as described above,

during the current year period compared to the prior year period. Year-to-date Non-Compensation Costs increased $52.7 million, or 15%, year-over-year, primarily driven by an increase in technology and information services, principally reflecting higher expenses associated with research services, license fees and consulting costs, an increase in occupancy and equipment rental expense, primarily related to an increase in office space, and an increase in travel and related expenses, largely due to higher levels of business activity and increased headcount. The year-to-date Non-Compensation ratio of 15.6% decreased from 17.4% for the prior year period. The Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period.

Special Charges, Including Business Realignment Costs - Third quarter and year-to-date 2024 Special Charges, Including Business Realignment Costs, relate to the write-off of the remaining carrying value of the Company's investment in Luminis in connection with the redemption of the Company's interest.

Effective Tax Rate

The third quarter effective tax rate was 27.5% versus 28.4% for the prior year period. The year-to-date effective tax rate was 13.0% versus 17.7% for the prior year period, principally reflecting the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price, partially offset by an increase in non-deductible expenses and state and local apportionment adjustments.

Selected Financial Data - Adjusted Results

The following is a discussion of Evercore's consolidated results on an Adjusted basis. See pages 3 and A-2 to A-9 for further information and reconciliations of these metrics to our U.S. GAAP results. See pages A-5 to A-7 for our business segment results.

Adjusted Net Revenues

			Adjusted
			Three Months Ended																		Nine Months Ended
			September 30, 2025						September 30, 2024						% Change						September 30, 2025						September 30, 2024						% Change
			(dollars in thousands)
Investment Banking & Equities:
Advisory Fees(1)			$	883,723					$	593,187					49		%				$	2,138,789					$	1,592,091					34		%
Underwriting Fees			43,730						44,132						(1		%)				130,191						130,666						-		%
Commissions and Related Revenue			62,816						54,559						15		%				176,198						155,996						13		%
Investment Management:
Asset Management and Administration Fees(2)			23,548						21,420						10		%				66,936						62,666						7		%
Other Revenue, net			33,259						26,237						27		%				73,718						80,714						(9		%)
Net Revenues			$	1,047,076					$	739,535					42		%				$	2,585,832					$	2,022,133					28		%
1. Advisory Fees on an Adjusted basis reflect the reclassification of earnings (losses) related to our equity method investment in Seneca Evercore and our former equity method investment in Luminis (through September 2024) of $0.01 million and ($0.02) million for the three and nine months ended September 30, 2025, respectively, and $0.2 million and $1.0 million for the three and nine months ended September 30, 2024, respectively.
2. Asset Management and Administration Fees on an Adjusted basis reflect the reclassification of earnings related to our equity method investment in Atalanta Sosnoff and our former equity method investment in ABS (through July 2024) of $1.1 million and $2.8 million for the three and nine months ended September 30, 2025, respectively, and $0.9 million and $4.2 million for the three and nine months ended September 30, 2024, respectively.

See page 5 for additional business metrics.

Advisory Fees - Third quarter adjusted Advisory Fees increased $290.5 million, or 49%, year-over-year, and year-to-date adjusted Advisory Fees increased $546.7 million, or 34%, year-over-year, primarily reflecting an increase in revenue earned from large transactions during 2025.

Underwriting Fees - Third quarter and year-to-date Underwriting Fees were flat year-over-year, reflecting a decrease in the number of transactions we participated in, offset by an increase in the average fee size of the transactions we participated in during 2025.

Commissions and Related Revenue - Third quarter Commissions and Related Revenue increased $8.3 million, or 15%, year-over-year, and year-to-date Commissions and Related Revenue increased $20.2 million, or 13%, year-over-year, primarily reflecting higher trading commissions driven by increased trading volume and higher subscription fees during 2025.

Asset Management and Administration Fees - Third quarter adjusted Asset Management and Administration Fees increased $2.1 million, or 10%, year-over-year, driven by an increase in fees from Wealth Management clients, as associated AUM increased 11%, primarily from market appreciation as well as net inflows. The increase was also driven by a 24% increase in equity in earnings of affiliates. Year-to-date adjusted Asset Management and Administration Fees increased $4.3 million, or 7%, year-over-year, driven by an increase in fees from Wealth Management clients, as associated AUM increased 11%, primarily from market appreciation as well as net inflows. The increase was partially offset by a 34% decrease in equity in earnings of affiliates, reflecting the sale of the remaining portion of our interest in ABS during the third quarter of 2024.

Other Revenue - Third quarter adjusted Other Revenue, net, increased $7.0 million, or 27%, year-over-year, primarily reflecting higher performance of our investment funds portfolio, as well as higher returns

on our fixed income investment portfolios, which primarily consist of U.S. Treasury bills, driven by higher portfolio balances during the third quarter of 2025 compared to 2024. Year-to-date adjusted Other Revenue, net, decreased $7.0 million, or 9%, year-over-year, primarily reflecting lower performance of our investment funds portfolio, as well as lower returns on our fixed income investment portfolios, which primarily consist of U.S. Treasury bills, driven by lower rates during 2025 compared to 2024. The investment funds portfolio is used as an economic hedge against our deferred cash compensation program.

Adjusted Expenses

			Adjusted
			Three Months Ended																		Nine Months Ended
			September 30, 2025						September 30, 2024						% Change						September 30, 2025						September 30, 2024						% Change
			(dollars in thousands)
Employee Compensation and Benefits			$	680,652					$	488,010					39		%				$	1,689,088					$	1,334,650					27		%
Compensation Ratio			65.0		%				66.0		%										65.3		%				66.0		%
Non-Compensation Costs			$	138,510					$	116,914					18		%				$	395,523					$	347,950					14		%
Non-Compensation Ratio			13.2		%				15.8		%										15.3		%				17.2		%

Employee Compensation and Benefits - Third quarter adjusted Employee Compensation and Benefits increased $192.6 million, or 39%, year-over-year, reflecting an adjusted compensation ratio of 65.0% for the third quarter of 2025 versus 66.0% for the prior year period. The increase in adjusted Employee Compensation and Benefits compared to the prior year period principally reflects a higher accrual for incentive compensation, higher base salaries and higher compensation expense related to senior new hires. The adjusted Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date adjusted Employee Compensation and Benefits increased $354.4 million, or 27%, year-over-year, reflecting a year-to-date adjusted compensation ratio of 65.3% versus 66.0% for the prior year period. The increase in adjusted Employee Compensation and Benefits compared to the prior year period principally reflects a higher accrual for incentive compensation, higher base salaries and higher amortization of prior period deferred compensation awards. The adjusted Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. See "Deferred Compensation" for more information.

Non-Compensation Costs - Third quarter adjusted Non-Compensation Costs increased $21.6 million, or 18%, year-over-year, primarily driven by an increase in technology and information services, principally reflecting higher expenses associated with license fees and research services in the third quarter of 2025, an increase in travel and related expenses, largely due to higher levels of business activity and increased headcount, and an increase in occupancy and equipment rental expense, primarily related to an increase in office space. The third quarter adjusted Non-Compensation ratio of 13.2% decreased from 15.8% for the prior year period. The adjusted Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date adjusted Non-Compensation Costs increased $47.6 million, or 14%, year-over-year, primarily driven by an increase in technology and information services, principally reflecting higher expenses associated with research services, license fees and consulting costs, an increase in occupancy and equipment rental expense, primarily related to an increase in office space, and an increase in travel and related expenses, largely due to higher levels of business activity and increased headcount. The year-to-date adjusted Non-Compensation ratio of 15.3% decreased from 17.2% for the prior year period. The adjusted Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period.

Adjusted Effective Tax Rate

The third quarter adjusted effective tax rate was 28.7% versus 28.9% for the prior year period. The year-to-date adjusted effective tax rate was 13.3% versus 18.2% for the prior year period, principally reflecting the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price, partially offset by an increase in non-deductible expenses and state and local apportionment adjustments.

Liquidity

The Company continues to maintain a strong balance sheet. As of September 30, 2025, cash and cash equivalents were $851.9 million, investment securities and certificates of deposit were $1.6 billion and current assets exceeded current liabilities by $2.0 billion. Amounts due related to the Notes Payable were $588.3 million at September 30, 2025.

Headcount

As of September 30, 2025 and 2024, the Company employed approximately 2,525 and 2,395 people, respectively, worldwide.

As of September 30, 2025 and 2024, the Company employed 207(1) and 186(2) total Investment Banking & Equities Senior Managing Directors, respectively, of which 168(1) and 145(2), respectively, were Investment Banking Senior Managing Directors.

(1) Senior Managing Director headcount as of September 30, 2025, adjusted to include 12 additional Investment Banking Senior Managing Directors (including 5 Senior Managing Directors from Robey Warshaw) committed to join in the fourth quarter of 2025 and the first quarter of 2026 and to exclude for a known departure of one Investment Banking Senior Managing Director.

(2) Senior Managing Director headcount as of September 30, 2024, adjusted to include four additional Investment Banking Senior Managing Directors that joined in the fourth quarter of 2024 and in 2025.

Deferred Compensation

Year-to-date, the Company granted to certain employees 1.8 million unvested restricted stock units ("RSUs") (of which 1.6 million were granted in conjunction with the 2024 bonus awards) with a grant date fair value of $463.8 million.

In addition, year-to-date, the Company granted $83.0 million of deferred cash awards to certain employees, related to our deferred cash compensation program, principally pursuant to 2024 bonus awards.

The Company recognized compensation expense related to RSUs and our deferred cash compensation program of $131.1 million and $395.0 million for the three and nine months ended September 30, 2025, respectively, and $115.9 million and $362.3 million for the three and nine months ended September 30, 2024, respectively.

As of September 30, 2025, the Company had 4.8 million unvested RSUs with an aggregate grant date fair value of $920.3 million. RSUs are expensed over the service period of the award, subject to retirement eligibility, and generally vest over four years.

As of September 30, 2025, the Company expects to pay an aggregate of $353.8 million related to our deferred cash compensation program at various dates through 2029, subject to certain vesting events. Amounts due pursuant to this program are expensed over the service period of the award, subject to retirement eligibility, and are reflected in Accrued Compensation and Benefits, a component of current liabilities.

In addition, from time to time, the Company also grants cash and equity-based performance awards to certain employees, the settlement of which is dependent on the performance criteria being achieved.

Capital Return Transactions

On October 28, 2025, the Board of Directors of Evercore declared a quarterly dividend of $0.84 per share to be paid on December 12, 2025 to common stockholders of record on November 28, 2025.

During the third quarter, the Company repurchased 15 thousand shares from employees for the net settlement of stock-based compensation awards at an average price per share of $291.99, and 0.2 million shares at an average price per share of $329.80 pursuant to the Company's share repurchase program. The aggregate 0.2 million shares were acquired at an average price per share of $326.62. Year-to-date, the Company repurchased 0.9 million shares from employees for the net settlement of stock-based compensation awards at an average price per share of $283.77, and 1.0 million shares at an average price per share of $246.16 pursuant to the Company's share repurchase program. The aggregate 1.9 million shares were acquired at an average price per share of $264.72.

Conference Call

Evercore will host a related conference call beginning at 8:00 a.m. Eastern Time, Wednesday, October 29, 2025, accessible via telephone and webcast. Investors and analysts may participate in the live conference call by dialing (800) 274-8461 (toll-free domestic) or (203) 518-9814 (international); passcode: EVRQ325. Please register at least 10 minutes before the conference call begins.

A live audio webcast of the conference call will be available on the Investor Relations section of Evercore's website at www.evercore.com. The webcast will be archived on Evercore's website for 30 days.

About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

Investor Contact:			Katy Haber
			Head of Investor Relations & ESG
			[email protected]
Media Contacts:			Jamie Easton
			Head of Communications & External Affairs
			[email protected]
			Shree Dhond / Zach Kouwe
			Dukas Linden Public Relations
			[email protected]
			(646) 722-6531

Basis of Alternative Financial Statement Presentation

Our Adjusted results are a non-GAAP measure. As discussed further under "Non-GAAP Measures", Evercore believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and better reflects how management views its operating results. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation of our U.S. GAAP results to Adjusted results is presented in the tables included in the following pages.