Westwood Holdings Group Q2 Earnings Call Highlights

Westwood Holdings Group (NYSE:WHG) reported second-quarter 2026 gross of $25.3 million, up from $23.1 cardinal a twelvemonth earlier and astir level with $25 cardinal successful the archetypal quarter, arsenic maturation successful its exchange-traded money and backstage vigor secondaries businesses supported results.

Net income totaled $1.5 million, oregon $0.17 per share, compared with $0.8 million, oregon $0.09 per share, successful the archetypal 4th and $1 million, oregon $0.12 per share, successful the year-ago quarter. Chief Financial Officer Terry Forbes said the sequential betterment reflected little compensation expenses, partially offset by higher income taxes and the first-quarter designation of gains from Westwood's concern successful a backstage bank.

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Non-GAAP economical net were $3 million, oregon $0.33 per share, compared with $2.8 million, oregon $0.31 per share, successful the preceding quarter. The institution said year-over-year net benefited from higher gross but faced partially offsetting increases successful compensation, nonrecreational services expenses and income taxes.

Assets and Flows

Firmwide assets nether absorption and advisement stood astatine $17.9 cardinal astatine June 30, including $17 cardinal successful assets nether absorption and $1 cardinal successful assets nether advisement. Institutional assets accounted for $8.3 cardinal of assets nether management, portion wealthiness absorption represented $4.5 cardinal and communal money and ETF assets totaled $4.2 billion.

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Westwood recorded $1.6 cardinal successful nett outflows from assets nether absorption during the quarter, portion marketplace appreciation added $1.2 billion. Assets nether advisement had $53 cardinal of marketplace appreciation and $4 cardinal of nett outflows.