Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 30,993 $ 29,734 $ 61,265 $ 59,164
Expenses        
Compensation and benefits 18,493 16,756 36,162 33,254
General and administrative 7,191 6,460 13,890 12,641
Total expenses 25,684 23,216 50,052 45,895
Income before other (expense) income, net 5,309 6,518 11,213 13,269
Other (expense) income, net        
Other (expense) income, net 7 23 15 68
Interest income 289 26 636 45
Interest expense (29) (112) (80) (228)
Total other (expense) income, net 267 (63) 571 (115)
Income before provision for income taxes 5,576 6,455 11,784 13,154
Provision for income taxes 1,196 1,320 2,489 2,709
Net income 4,380 5,135 9,295 10,445
Less: net income attributable to non-controlling interests (1,715) (2,050) (3,630) (4,156)
Net income attributable to Silvercrest $ 2,665 $ 3,085 $ 5,665 $ 6,289
Net income per share        
Basic $ 0.28 $ 0.33 $ 0.6 $ 0.66
Diluted $ 0.28 $ 0.33 $ 0.6 $ 0.66
Weighted average shares outstanding        
Basic 9,509,711 9,456,347 9,494,869 9,502,301
Diluted 9,547,879 9,480,079 9,531,730 9,528,720
Management and Advisory Fees        
Revenue        
Total revenue $ 29,900 $ 28,652 $ 59,065 $ 57,020
Family Office Services        
Revenue        
Total revenue $ 1,093 $ 1,082 $ 2,200 $ 2,144