AssetMark Financial Holdings Inc. (AMK) Tops Q1 EPS by 1c

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Go back to AssetMark Financial Holdings Inc. (AMK) Tops Q1 EPS by 1c

AssetMark Reports $90.8B Platform Assets for First Quarter 2022

April 28, 2022 4:15 PM EDT

CONCORD, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2022.

First Quarter 2022 Financial and Operational Highlights

Net income for the quarter was $22.2 million, or $0.30 per share.Adjusted net income for the quarter was $28.8 million, or $0.39 per share, on total revenue of $148.3 million.Adjusted EBITDA for the quarter was $44.5 million, or 30.0% of total revenue.Platform assets increased 15.1% year-over-year, but declined 2.9% quarter-over-quarter to $90.8 billion, due to negative market impact net of fees of $4.8 billion,... More