AssetMark Financial Holdings Inc. (AMK) Misses Q4 EPS by 1c

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Go back to AssetMark Financial Holdings Inc. (AMK) Misses Q4 EPS by 1c

AssetMark Reports $93.5B Platform Assets for Fourth Quarter 2021

February 15, 2022 4:15 PM EST

CONCORD, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter and full year ended December 31, 2021.

Fourth Quarter 2021 Financial and Operational Highlights

Net income for the quarter was $12.4 million, or $0.17 per share.Adjusted net income for the quarter was $24.7 million, or $0.33 per share, on total revenue of $143.6 million.Adjusted EBITDA for the quarter was $38.3 million, or 26.7% of total revenue.Platform assets increased 25.5% year-over-year and 7.7% quarter-over-quarter to $93.5 billion, aided by quarterly record net flows of... More