KBW, Inc. Announces 2011 Second Quarter and First Half Results and Declares Quarterly Cash Dividend

NEW YORK--(BUSINESS WIRE)--KBW, Inc. (NYSE: KBW), a full-service investment bank that specializes in the financial services sector, today announced revenues of $64.0 million and a net loss of $4.2 million, or $0.14 per diluted share, for the quarter ended June 30, 2011. This compares with total revenues of $105.8 million and non-GAAP operating net income of $9.3 million, or $0.26 per diluted share, for the second quarter of 2010 and total revenues of $95.2 million and net income of $4.6 million, or $0.13 per diluted share, for the first quarter of 2011. See “Non-GAAP Financial Measures” below for a reconciliation of our non-GAAP operating results to our GAAP results. GAAP net income for the second quarter of 2010 was $8.2 million, or $0.22 per diluted share.