Virtus Investment Partners, Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2015. For the quarter, on GAAP basis, total revenues were $86,115,000 against $112,137,000 for the same period of last year. Operating income was $16,506,000 against $36,665,000 for the same period of last year. Income before income taxes was $14,249,000 against $33,449,000 for the same period of last year. Net income attributable to common stockholders was $6,636,000 against $18,879,000 for the same period of last year. Earnings per diluted share was $0.76 against $2.05 for the same period of last year. Total revenues were increased due to lower average assets and fee rates.

For the quarter, on Non-GAAP basis, total revenues were $66,661,000 against $85,199,000 for the same period of last year. Operating income was $19,403,000 against $39,203,000 for the same period of last year. Pre-tax income was $19,339,000 against $39,383,000 for the same period of last year. Net income attributable to common stockholders was $11,931,000 against $24,688,000 for the same period of last year. Earnings per diluted share was $1.37 against $2.68 for the same period of last year.

For the year, on GAAP basis, total Revenue was $381,977,000 against $450,598,000 for the same period of last year. Operating income was $80,378,000 against $130,720,000 for the same period of last year. Income before income taxes was $67,643,000 against $136,314,000 for the same period of last year. Net income attributable to common stockholders was $35,106,000 against $97,700,000 for the same period of last year. Earnings per diluted share was $3.92 against $10.51 for the same period of last year.

For the year, on Non-GAAP basis, total revenues were $295,015,000 against $337,170,000 for the same period of last year. Operating income was $108,324,000 against $150,485,000 for the same period of last year. Pre-tax income was $109,523,000 against $151,447,000 for the same period of last year. Net income attributable to common stockholders was $67,809,000 against $93,851,000 for the same period of last year. Earnings per diluted share was $7.57 against $10.10 for the same period of last year.