B. Riley Financial Reports First Quarter 2021 Results; Declares $ 3.00 Dividend

B. Riley Financial Reports First Quarter 2021 Results;  Declares $ 3.00 Dividend

Total quarterly revenues of $600.2 million, total adjusted EBITDA (1) of $385.5 million Net income available to common shareholders of $252.9 million, or $8.81 per diluted share Operating revenues (2) of $333.2 million vs. $182.2 million for Q1 2020

LOS ANGELES, May 3, 2021 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ: RILY), a diversified financial services company, today announced its financial results for the first quarter ended March 31, 2021. Declares dividend of $3.00 per share, includes $0.50 regular and $2.50 special

First Quarter 2021 Highlights Total adjusted EBITDA of $385.5 million, operating EBITDA of $122.7 million

Declared total quarterly dividend of $3.00 per common share Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, said: “Our first quarter performance again demonstrates the combined platform’s strength and earnings power, with this period driven by particularly exceptional results from our investment banking group. Our results were enhanced by investment gains of approximately $267 million, coupled with a year-over-year increase of over 80 percent and 70 percent, respectively, for quarterly operating revenues and operating EBITDA. These results reflected the upside from capital markets in addition to steady and recurring contributions from the balance of our businesses.” Completed acquisition of National Holdings, enhancing wealth management and capital markets

Investment gains (4) of $266.9 million as of March 31, 2021 Operating adjusted EBITDA (3) of $122.7 million vs. $70.9 million for Q1 2020

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