Victory Capital Holdings reported third-quarter GAAP net income of $91.3 million, or $1.11 per diluted share, with revenue declining 8.9% to $396.6 million due to annual fee crystallization and acquisition costs related to First Eagle Investments. The firm achieved record long-term gross sales of $30.5 billion and net inflows of $11.7 billion, ending the quarter with total client assets of $355.5 billion. Additionally, the board declared a regular quarterly cash dividend of $0.50 per share, payable December 23 to record holders on December 10. Victory Capital is a diversified global asset management firm serving institutional and individual clients.
