Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total revenue $ 29,042 $ 33,461 $ 94,725 $ 97,799
Expenses        
Compensation and benefits 16,271 18,758 52,901 54,882
General and administrative 5,669 6,522 7,383 21,706
Total expenses 21,940 25,280 60,284 76,588
Income before other (expense) income, net 7,102 8,181 34,441 21,211
Other (expense) income, net        
Other (expense) income, net 104 43 119 58
Interest income 8 1 12 5
Unrealized gain (loss) (2)   (3)  
Interest expense (109) (92) (270) (294)
Total other (expense) income, net 1 (48) (142) (231)
Income before provision for income taxes 7,103 8,133 34,299 20,980
Provision for income taxes 1,460 1,779 6,787 4,630
Net income 5,643 6,354 27,512 16,350
Less: net income attributable to non-controlling interests (2,210) (2,631) (10,741) (6,740)
Net income attributable to Silvercrest $ 3,433 $ 3,723 $ 16,771 $ 9,610
Net income per share:        
Basic $ 0.35 $ 0.38 $ 1.70 $ 0.99
Diluted $ 0.35 $ 0.38 $ 1.70 $ 0.99
Weighted average shares outstanding:        
Basic 9,815,157 9,670,054 9,856,908 9,661,610
Diluted 9,847,131 9,691,103 9,884,255 9,676,639
Management and Advisory Fees        
Revenue        
Total revenue $ 27,949 $ 32,248 $ 91,500 $ 94,435
Performance Fees        
Revenue        
Total revenue   86 2 86
Family Office Services        
Revenue        
Total revenue $ 1,093 $ 1,127 $ 3,223 $ 3,278