KBW, Inc. Announces 2012 Third Quarter 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 $50.6 million and a non-GAAP operating net loss of $3.1 million, or $0.11 per diluted share, for the quarter ended September 30, 2012. This compares with total revenues of $50.4 million and a non-GAAP operating net loss of $14.6 million, or $0.47 per diluted share, for the quarter ended September 30, 2011 and total revenues of $55.4 million and a non-GAAP operating net loss of $4.7 million, or $0.16 per diluted share, for the second 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 third quarter of 2012 was $5.2 million, or $0.18 per diluted share. The GAAP net loss for the third quarter of 2011 was $15.7 million, or $0.51 per diluted share. The GAAP net loss for the second quarter of 2012 was $5.4 million, or $0.19 per diluted share.