73 material Form 8-K filings that 66 companies we cover made with the SEC in January 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Federated Hermes reported fourth-quarter 2023 earnings per diluted share of $0.96, up from $0.63 a year earlier, on net income of $82.2 million. Full-year 2023 EPS was $3.40 versus $2.65 in 2022, and total managed assets reached a record $757.6 billion at Dec. 31, 2023. The board also declared a $0.28 quarterly dividend.
Q4 2023 revenue rose 5% to $391.5 million from Q4 2022, driven mainly by higher average money market assets.
Full-year 2023 net income was $299.0 million, or $3.40 EPS, compared with $239.5 million, or $2.65 EPS, in 2022.
During Q4 2023 the company bought 1,902,861 Class B shares for $61.0 million; 2023 repurchases totaled $178.0 million.
Quarterly dividend of $0.28 per share is payable Feb. 15, 2024 to shareholders of record as of Feb. 8, 2024.
Ameris Bancorp reported unaudited fourth-quarter and full-year 2023 results. Net income declined from a year earlier in both periods, as mortgage banking activity fell and the quarter included an $11.6 million FDIC special assessment, while tangible book value per share rose to $33.64. The release does not include forward earnings guidance, and the company said credit quality remains strong.
Q4 2023 net income was $65.9 million, or $0.96 per diluted share, versus $82.2 million, or $1.18, in Q4 2022.
Q4 2023 adjusted net income was $73.6 million, or $1.07 per diluted share, versus $1.17 in Q4 2022.
Full-year 2023 net income was $269.1 million, or $3.89 per diluted share, versus $346.5 million, or $4.99, in 2022.
Full-year 2023 noninterest income fell 14.6% to $242.8 million, mainly due to lower mortgage banking activity.
Visa reported fiscal first quarter 2024 results for the quarter ended December 31, 2023, with net revenues of $8.6 billion, up 9%, and GAAP net income of $4.9 billion, or $2.39 per share, up 20%. The board also declared a quarterly cash dividend of $0.520 per share, payable March 1, 2024, which shareholders should note alongside the results.
Net revenues were $8.6 billion, up 9% on a nominal and constant-dollar basis.
GAAP net income was $4.9 billion, or $2.39 per share; non-GAAP EPS was $2.41, up 11%.
Cross-border volume excluding intra-Europe rose 16% on a constant-dollar basis; payments volume rose 8%.
The board declared a $0.520 per share dividend on January 23, 2024, payable March 1, 2024, to holders of record as of February 9, 2024.
Cullen/Frost reported fourth-quarter 2023 net income available to common shareholders of $100.9 million, or $1.55 per diluted share, down from $2.91 a year earlier, after a one-time $51.5 million FDIC insurance surcharge. For the full year, earnings rose 3.3% to $591.3 million, or $9.10 per diluted share, and the board declared a $0.92 first-quarter dividend and approved a $150 million share repurchase program.
Q4 2023 net income available to common shareholders was $100.9 million, versus $189.5 million in Q4 2022; excluding the FDIC surcharge, the company says it would have been about $141.6 million, down 25.3%.
Full-year 2023 net income available to common shareholders was $591.3 million, up 3.3% from $572.5 million; diluted EPS was $9.10 versus $8.81.
The board declared a first-quarter 2024 common dividend of $0.92 per share, payable March 15, 2024.
The new repurchase authorization covers up to $150 million of common stock through January 24, 2025, and may be suspended at any time.
NETSCOUT reported third-quarter fiscal 2024 revenue of $218.1 million, down from $269.5 million a year earlier, and a GAAP net loss of $132.6 million that includes a $167.1 million non-cash goodwill impairment charge. The company now expects fiscal 2024 revenue at the low end of its previously disclosed $840 million to $860 million range and a GAAP loss per share of ($1.29) to ($1.24), while non-GAAP EPS is expected at the higher end of its range. For shareholders, the quarter shows lower sales and a large GAAP loss, while non-GAAP profit expectations held up.
Q3 fiscal 2024 revenue was $218.1 million, compared with $269.5 million in Q3 fiscal 2023.
Q3 GAAP net loss was $132.6 million, or ($1.87) per diluted share, including the $167.1 million goodwill impairment; non-GAAP net income was $52.0 million, or $0.73 per share.
Fiscal 2024 revenue is now expected at about $840 million, the low end of the $840 million to $860 million range; GAAP loss per share is now expected at ($1.29) to ($1.24), versus a prior range of $0.69 to $0.89.
Banc of California reported a fourth-quarter 2023 net loss of $492.9 million, or $4.55 per diluted share, compared with a net loss of $33.3 million, or $0.42 per share, in the third quarter. The loss included $442.4 million of pre-tax losses on security sales tied to its balance sheet repositioning and $111.8 million of merger costs from the November 30, 2023 PacWest Bancorp merger. Book value per common share fell to $17.12 from $24.12 at September 30, 2023.
Q4 2023 net loss of $492.9 million, or $4.55 per diluted share, versus a Q3 2023 net loss of $33.3 million, or $0.42 per share.
Pre-tax items included $442.4 million of losses on security sales and $111.8 million of merger costs.
Total assets were $38.5 billion at December 31, 2023; book value per common share was $17.12.
Management will hold a conference call at 10:00 A.M. Pacific Time on January 25, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.