KBW, Inc. Announces 2012 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 $55.4 million and a non-GAAP operating net loss of $4.7 million, or $0.16 per diluted share, for the quarter ended June 30, 2012. This compares with total 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 and total revenues of $69.2 million and non-GAAP operating net income of $2.0 million, or $0.06 per diluted share, for the first quarter of 2012. See “Non-GAAP Financial Measures” below for a reconciliation of our non-GAAP operating results to our GAAP results. The GAAP net loss for the second quarter of 2012 was $5.4 million, or $0.19 per diluted share. GAAP net income for the first quarter of 2012 was $0.5 million, or $0.01 per diluted share.