AssetMark Financial Holdings Inc. (AMK) Tops Q2 EPS by 4c

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Go back to AssetMark Financial Holdings Inc. (AMK) Tops Q2 EPS by 4c

AssetMark Reports $82.1B Platform Assets for Second Quarter 2022

August 3, 2022 4:16 PM EDT

CONCORD, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2022.

Second Quarter 2022 Financial and Operational Highlights

Net income for the quarter was $25.3 million, or $0.34 per share.Adjusted net income for the quarter was $32.4 million, or $0.44 per share, on total revenue of $151.2 million.Adjusted EBITDA for the quarter was $49.6 million, or 32.8% of total revenue.Platform assets decreased 2.9% year-over-year and 9.6% quarter-over-quarter to $82.1 billion, due to negative market impact net of fees of $10.1 billion,... More