Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 29,704 $ 29,042 $ 88,868 $ 94,725
Expenses        
Compensation and benefits 16,691 16,271 49,945 52,901
General and administrative 6,494 5,669 19,135 7,383
Total expenses 23,185 21,940 69,080 60,284
Income before other (expense) income, net 6,519 7,102 19,788 34,441
Other (expense) income, net        
Other (expense) income, net (37) 104 31 119
Interest income 376 8 421 12
Unrealized gain (loss)   (2)   (3)
Interest expense (86) (109) (314) (270)
Total other (expense) income, net 253 1 138 (142)
Income before provision for income taxes 6,772 7,103 19,926 34,299
Provision for income taxes 1,392 1,460 4,101 6,787
Net income 5,380 5,643 15,825 27,512
Less: net income attributable to non-controlling interests (2,164) (2,210) (6,320) (10,741)
Net income attributable to Silvercrest $ 3,216 $ 3,433 $ 9,505 $ 16,771
Net income per share:        
Basic $ 0.34 $ 0.35 $ 1.01 $ 1.7
Diluted $ 0.34 $ 0.35 $ 1 $ 1.7
Weighted average shares outstanding:        
Basic 9,354,747 9,815,157 9,452,576 9,856,908
Diluted 9,378,479 9,847,131 9,478,090 9,884,255
Management and Advisory Fees        
Revenue        
Total revenue $ 28,425 $ 27,949 $ 85,445 $ 91,500
Performance Fees        
Revenue        
Total revenue       2
Family Office Services        
Revenue        
Total revenue $ 1,279 $ 1,093 $ 3,423 $ 3,223