# Evercore Says Its Investment Banking Backlog Hit a Q3 Record By John Kim Canonical URL: https://www.tokenpost.com/news/business/43105 Published: 2026-10-29T00:41:53.000Z Updated: 2026-10-29T00:41:53.000Z Section: Business > CFO Tim LaLonde said healthy activity levels were expected to provide momentum into 2027. The firm did not disclose the backlog’s size or estimate when it would generate revenue. On its third-quarter call, Evercore described its investment banking backlog as record-level, while CFO Tim LaLonde said healthy activity was expected to provide momentum into 2027. The description follows the firm’s July 29 call, when management characterized its backlog as near-record. Chairman and CEO John S. Weinberg said, “Our backlog, which is at record levels, continues to replenish at a healthy rate.” Evercore did not disclose the backlog’s dollar value or transaction count, define the period used for its record comparison, or estimate when the backlog might generate revenue. LaLonde said, “I want to stay away from predicting timing.” LaLonde described activity levels as very healthy and said they were expected to provide momentum into next year. The call included no numerical activity forecast. Weinberg characterized the investment banking environment as constructive, while citing interest-rate uncertainty, geopolitical tensions and the evolving implications of artificial intelligence. Evercore’s Q3 shareholder presentation listed 191 investment banking senior managing directors as of Sept. 30, with more than 50 in “ramp mode.” The firm defines ramping as having spent less than two years on its platform. It also cited more than 50 ramping SMDs in the second quarter. Six investment banking SMDs joined since the prior call, and another committed to join the restructuring group in France. For the quarter ended Sept. 30, adjusted net revenue rose 13% to $1,178.2 million from $1,047.1 million a year earlier. Adjusted diluted earnings per share increased 23% to $4.28. Evercore also reported GAAP net revenue of $1,168.6 million, operating income of $242.6 million and diluted EPS of $3.93 in its [third-quarter results](). ## Links in this article - [third-quarter results](https://www.tokenpost.com/news/business/42589)