WESTWOOD HOLDINGS GROUP INC
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
WHG$18.70+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except shares and per share data)
| Years ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Advisory fees: | |||
| Asset-based | $69,755 | $67,391 | $46,685 |
| Performance-based | 1,393 | 1,265 | 1,018 |
| Trust fees | 21,422 | 20,242 | 21,686 |
| Trust performance-based | 482 | 349 | — |
| Other, net | 1,669 | 534 | (708) |
| Total revenues | 94,721 | 89,781 | 68,681 |
| Expenses: | |||
| Employee compensation and benefits | 56,011 | 52,918 | 40,124 |
| Sales and marketing | 2,668 | 2,990 | 2,003 |
| Westwood mutual funds | 3,254 | 3,133 | 2,201 |
| Information technology | 9,662 | 9,650 | 7,719 |
| Professional services | 5,468 | 5,132 | 5,357 |
| General and administrative | 11,947 | 12,512 | 9,057 |
| (Gain) loss from change in fair value of contingent consideration | 4,881 | (2,768) | — |
| Acquisition expense | — | 209 | 7,093 |
| Total expenses | 93,891 | 83,776 | 73,554 |
| Net operating income (loss) | 830 | 6,005 | (4,873) |
| Net change in unrealized appreciation (depreciation) on private investments | — | 6 | (1,495) |
| Net investment income | 2,183 | 1,191 | 266 |
| Other income | 1,002 | 6,241 | 907 |
| Income (loss) before income taxes | 4,015 | 13,443 | (5,195) |
| Provision for income taxes | 1,804 | 2,872 | (567) |
| Net income (loss) | $2,211 | $10,571 | $(4,628) |
| Less: income (loss) attributable to noncontrolling interest | (4) | 1,051 | — |
| Income (loss) attributable to Westwood Holdings Group, Inc. | $2,215 | $9,520 | $(4,628) |
| Earnings (loss) per share: | |||
| Basic | $0.27 | $1.20 | $(0.59) |
| Diluted | $0.26 | $1.17 | $(0.59) |
| Weighted average shares outstanding: | |||
| Basic | 8,163,465 | 7,964,423 | 7,844,363 |
| Diluted | 8,515,779 | 8,112,139 | 7,844,363 |
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