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EVERCORE PARTNERS INC. (Exact Name of Registrant As Specified in Its Charter)

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EVERCORE PARTNERS INC. (Exact Name of Registrant As Specified in Its Charter) UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 2, 2011 EVERCORE PARTNERS INC. (Exact name of registrant as specified in its charter) Delaware 001-32975 20-4748747 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 55 East 52nd Street New York, New York 10055 (Address of principal executive offices) (Zip Code) (212) 857-3100 (Registrant’s telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.02. Results of Operations and Financial Condition On February 2, 2011, Evercore Partners Inc. issued a press release announcing financial results for its fourth quarter ended December 31, 2010. A copy of the press release is attached hereto as Exhibit 99.1. All information in the press release is furnished but not filed. Item 9.01 Financial Statements and Exhibits (d) Exhibits. 99.1 Press release of Evercore Partners Inc. dated February 2, 2011. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EVERCORE PARTNERS INC. Date: February 2, 2011 /s/ Robert B. Walsh By: Robert B. Walsh Title: Chief Financial Officer Exhibit 99.1 E V E R C O R E P A R T N E R S EVERCORE PARTNERS REPORTS RECORD FULL YEAR 2010 REVENUES; QUARTERLY DIVIDEND OF $0.18 PER SHARE Highlights • Fourth Quarter Financial Summary • Net Revenues of $102 million • Adjusted Pro Forma Net Income of $11 million, or $0.27 per share • U.S. GAAP Net Income of $3 million, or $0.13 per share • Full-Year Financial Summary • Adjusted Pro Forma Net Revenues of $376 million, up 20% compared to 2009 • Adjusted Pro Forma Net Income of $38 million, or $0.94 per share, up 15% compared to 2009 • U.S. GAAP Net Revenues of $379 million, up 20% compared to 2009 • U.S. GAAP Net Income of $9 million or $0.39 per share, up significantly from a Net Loss of ($2) million or ($0.10) per share in 2009 • Investment Banking • Record Full-Year 2010 Net Revenues • Advised General Motors on its IPO, the largest in history • Advised on two of the three largest announced M&A transactions in the U.S. (CenturyLink/Qwest, sanofi-aventis/Genzyme) • Q4 2010 Adjusted Pro Forma Operating Income of $14 million • Added further depth to Evercore’s Technology banking team with the addition of Senior Managing Director, Paul Deninger • Investment Management • Record Fourth Quarter and Full-Year 2010 Net Revenues • Assets Under Management increased to $17.4 billion compared to $4.3 billion at the end of 2009 • Q4 2010 Adjusted Pro Forma Operating Income of $2 million • Early stage businesses contributed to Operating Income for the first time • Quarterly dividend of $0.18 per share NEW YORK, February 2, 2011 – Evercore Partners Inc. (NYSE: EVR) today announced that its Adjusted Pro Forma Net Revenues were $102.4 million for the three months ended December 31, 2010, compared to Adjusted Pro Forma Net Revenues of $109.1 million and $123.7 million for the three months ended December 31, 2009 and September 30, 2010, respectively. Adjusted Pro Forma Net Revenues were $375.9 million for the twelve months ended December 31, 2010, compared to $314.4 million for the twelve months ended December 31, 2009. Adjusted Pro Forma Net Income Attributable to Evercore Partners Inc. was $10.9 million, or $0.27 per share 1 for the three months ended December 31, 2010, compared to an Adjusted Pro Forma Net Income Attributable to Evercore Partners Inc. of $16.5 million, or $0.41 per share for the three months ended December 31, 2009 and $14.6 million, or $0.38 per share for the three months ended September 30, 2010. Adjusted Pro Forma Net Income Attributable to Evercore Partners Inc. was $37.9 million, or $0.94 per share for the twelve months ended December 31, 2010, compared to an Adjusted Pro Forma Net Income Attributable to Evercore Partners Inc. of $32.9 million, or $0.89 per share for the twelve months ended December 31, 2009. U.S. GAAP Net Revenues were $102.2 million for the three months ended December 31, 2010, compared to U.S. GAAP Net Revenues of $110.0 million and $123.7 million for the three months ended December 31, 2009 and September 30, 2010, respectively. U.S. GAAP Net Revenues were $378.9 million for the twelve months ended December 31, 2010, compared to U.S. GAAP Net Revenues of $314.5 million for the twelve months ended December 31, 2009. U.S. GAAP Net Income Attributable to Evercore Partners Inc. was $3.3 million, or $0.13 per share for the three months ended December 31, 2010, compared to U.S. GAAP Net Income Attributable to Evercore Partners Inc. of $1.6 million, or $0.07 per share for the three months ended December 31, 2009 and $3.5 million, or $0.17 per share for the three months ended September 30, 2010. U.S. GAAP Net Income Attributable to Evercore Partners Inc. was $9.0 million, or $0.39 per share for the twelve months ended December 31, 2010, compared to a U.S. GAAP Net Loss Attributable to Evercore Partners Inc. of ($1.6) million, or ($0.10) per share for the twelve months ended December 31, 2009. The Adjusted Pro Forma compensation ratio for the three months ended December 31, 2010 was 62%, compared to 58% for the same period in 2009 and 62% for the three months ended September 30, 2010. The Adjusted Pro Forma full-year compensation ratio of 61% is improved from 64% in 2009 but up from 60% on a trailing twelve-month basis in Q3 2010. The U.S. GAAP compensation ratio for the three months ended December 31, 2010, December 31, 2009 and September 30, 2010 was 67%, 62% and 66%, respectively. The U.S. GAAP full-year 2010 compensation ratio of 66% is up from the Q3 2010 compensation ratio on a trailing twelve month basis of 65% and down from the full year 2009 of 67%. 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. “Evercore accomplished a number of important objectives in the fourth quarter as the early stage Investment Management businesses began to contribute positively to earnings, our Assets Under Management exceeded $17 billion driven by the ongoing growth of Atalanta Sosnoff, and the Institutional Equities business launched coverage of more than 100 companies and generated revenue from more than 75 clients. Our core Advisory business continued to demonstrate its strong position in the market, including representing General Motors in its landmark IPO,” said Ralph Schlosstein, President and Chief Executive Officer. “These accomplishments complemented a solid financial performance for the year, in which the company generated record revenues in both Investment Banking and Investment Management and in which we made substantial investments in the future success of the company.” “The overall recovery in U.S. and global transaction volume continued to accelerate in Q4 and is expected to continue in 2011. Evercore distinguished itself by advising on two of the three largest mergers in the market last year. We also advised on the two largest U.S. IPO’s, including the GM offering, which was the largest in history,” said Roger Altman, Executive Chairman. “We also continue to add talented advisory partners, both laterally and internally, as we have consistently done for years. The Evercore brand, which is stronger than it has ever been, is very helpful in that regard.” 2 Consolidated U.S. GAAP and Adjusted Pro Forma Selected Financial Data U.S. GAAP Three Months Ended % Change vs. Twelve Months Ended December 31, September 30, December 31, September 30, December 31, December 31, December 31, 2010 2010 2009 2010 2009 2010 2009 % Change (dollars in thousands) Net Revenues $ 102,188 $ 123,718 $ 110,002 (17%) (7%) $ 378,897 $ 314,545 20% Operating Income $ 8,859 $ 17,696 $ 19,802 (50%) (55%) $ 34,242 $ 21,184 62% Net Income (Loss) Attributable to Evercore Partners Inc. $ 3,287 $ 3,530 $ 1,649 (7%) 99% $ 8,954 $ (1,570) NM Diluted Earnings (Loss) Per Share $ 0.13 $ 0.17 $ 0.07 (24%) 86% $ 0.39 $ (0.10) NM Compensation Ratio 67% 66% 62% 66% 67% Operating Margin 9% 14% 18% 9% 7% Adjusted Pro Forma Three Months Ended % Change vs. Twelve Months Ended December 31, September 30, December 31, September 30, December 31, December 31, December 31, 2010 2010 2009 2010 2009 2010 2009 % Change (dollars in thousands) Net Revenues $ 102,358 $ 123,706 $ 109,140 (17%) (6%) $ 375,936 $ 314,440 20% Operating Income $ 16,399 $ 25,036 $ 30,448 (34%) (46%) $ 64,536 $ 59,806 8% Net Income Attributable to Evercore Partners Inc.
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