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Silvercrest: 2Q Earnings Snapshot

NEW YORK (AP) _ Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported second-quarter net income of $1.9 million.

On a per-share basis, the New York-based company said it had net income of 22 cents. Earnings, adjusted for non-recurring costs, came to 27 cents per share.

The investment company posted revenue of $23.9 million in the period.

Silvercrest shares have increased 9.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.49, a drop of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAMG at https://www.zacks.com/ap/SAMG