AssetMark Financial Holdings Inc. (AMK) Tops Q4 EPS by 2c

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Go back to AssetMark Financial Holdings Inc. (AMK) Tops Q4 EPS by 2c

AssetMark Reports $91.5B Platform Assets for Fourth Quarter 2022

February 22, 2023 4:15 PM EST

CONCORD, Calif., Feb. 22, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter and full year ended December 31, 2022.

Fourth Quarter 2022 Financial and Operational Highlights

Net income for the quarter was $25.6 million, or $0.35 per share.Adjusted net income for the quarter was $34.3 million, or $0.46 per share, on total revenue of $164.1 million.Adjusted EBITDA for the quarter was $52.9 million, or 32.2% of total revenue.Platform assets decreased 2.2% year-over-year to $91.5 billion. Quarter-over-quarter platform assets were up 15.2%, due to adding $6.9... More