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).
Aflac reported fourth quarter 2023 net earnings of $268 million, or $0.46 per diluted share, up from $196 million a year earlier, while total revenues fell 4.3% to $3.8 billion. Adjusted earnings declined 10.4% to $732 million, and the company reported full year 2023 net earnings of $4.7 billion, or $7.78 per diluted share, against $4.4 billion in 2022. The board declared a first quarter dividend of $0.50 per share, a 19% increase, and the company repurchased $700 million of its shares in the fourth quarter.
Q4 2023 net earnings were $268 million, or $0.46 per diluted share, versus $196 million, or $0.31, a year earlier; adjusted earnings were $732 million, down 10.4%
Full year 2023 total revenues fell 2.3% to $18.7 billion; full year adjusted earnings per diluted share rose 9.9% to $6.23
First quarter 2024 dividend declared at $0.50 per share, payable March 1, 2024, to holders of record on February 21, 2024
Fourth quarter share repurchases totaled $700 million for 8.7 million shares; 77.7 million shares remained authorized at year end
Digi International reported first fiscal quarter 2024 revenue of $106 million, down 3% from a year earlier, and a GAAP net loss of $0.08 per diluted share, compared with net income of $0.16 per share in the prior-year quarter. The loss reflects a one-time $10 million debt issuance cost write-off, while adjusted net income per diluted share was flat at $0.48 and the company left its fiscal 2024 outlook unchanged.
Revenue was $106 million, down 3%; gross profit margin rose 130 basis points to 57.6%.
Net loss per diluted share was $0.08, including a $0.26 impact from a term loan debt issuance cost write-off, versus net income of $0.16 a year earlier.
Adjusted net income per diluted share was $0.48, flat year over year; Adjusted EBITDA was $23 million, flat.
For the second fiscal quarter, revenue is estimated at $105 million to $109 million; fiscal 2024 outlook is unchanged.
MGIC Investment Corporation reported fourth-quarter 2023 net income of $184.5 million, or $0.66 per diluted share, up from $0.64 a year earlier, though dollar net income fell from $191.4 million. For the full year, net income was $712.9 million, or $2.49 per diluted share, down from $865.3 million, or $2.79, in 2022. Shareholders get a mixed picture: per-share profit rose in the quarter, while annual profit and total revenues declined.
Q4 2023 net income $184.5 million or $0.66 per diluted share, versus $191.4 million or $0.64 in Q4 2022
Full-year 2023 net income $712.9 million or $2.49 per diluted share, versus $865.3 million or $2.79 in 2022
Q4 2023 total revenues $284.0 million, versus $292.3 million in Q4 2022
Repurchased 7.0 million shares in Q4 2023 at an average cost of $17.57; declared a $0.115 dividend payable March 5, 2024
Nasdaq reported fourth-quarter and full-year 2023 results, with net revenues up 23% in the quarter to $1.1 billion, driven largely by the Adenza acquisition, which closed on November 1, 2023. GAAP diluted EPS fell 25% in the quarter to $0.36, while non-GAAP diluted EPS rose 12.5% to $0.72, so shareholders see revenue growth alongside lower reported profit per share. The company also initiated 2024 non-GAAP operating expense guidance of $2,105 million to $2,185 million and declared a quarterly cash dividend.
Q4 2023 net revenues were $1,117 million, up 23% year over year, with 7% organic growth.
Q4 2023 GAAP diluted EPS was $0.36, down 25%; non-GAAP diluted EPS was $0.72, up 12.5%.
Full-year 2023 net revenues were $3.9 billion, up 9%, and GAAP diluted EPS was $2.08, down 8%.
2024 non-GAAP operating expense guidance is $2,105 million to $2,185 million.
Graco reported record fourth-quarter and full-year 2023 sales and operating earnings, with net sales up 2% for the quarter to $566.6 million. A $42 million non-cash pension settlement loss cut fourth-quarter GAAP diluted earnings per share to $0.64 from $0.74, although adjusted EPS rose to $0.80 from $0.73. The company also initiated 2024 revenue guidance of low single-digit growth on an organic, constant currency basis.
Q4 net sales were $566.6 million, up 2%; full-year net sales were $2.2 billion, up 2%.
Q4 net earnings were $110.0 million, down 13%, after a $42 million non-cash pension settlement loss; GAAP diluted EPS was $0.64 versus $0.74.
Adjusted Q4 diluted EPS rose to $0.80 from $0.73; full-year GAAP diluted EPS was $2.94, up 11%.
For 2024, Graco initiated revenue guidance of low single-digit growth on an organic, constant currency basis.
Calix reported record fourth-quarter 2023 revenue of $264.7 million, up 8% from a year earlier, and non-GAAP net income of $29.4 million, while GAAP results included a net loss of $4.1 million after $28.7 million in inventory and component charges tied to its legacy product wind-down. The company guided first-quarter 2024 revenue to $225 million to $231 million, below the fourth quarter, citing customers pausing appliance purchases ahead of government broadband funding, so shareholders face a weaker near-term revenue outlook.
Q4 2023 revenue was a record $264.7 million, up 8% year over year; non-GAAP net income per diluted share was $0.43 versus guidance of $0.33 to $0.39
GAAP net loss was $4.1 million, or $(0.06) per diluted share, reflecting $28.7 million in one-time charges
Q1 2024 revenue guidance is $225 million to $231 million; non-GAAP EPS guidance is $0.17 to $0.23
Company repurchased $44.0 million of stock in Q4 2023 and the Board authorized an additional $100 million
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.
Cathay General Bancorp reported fourth-quarter 2023 net income of $82.5 million, or $1.13 per diluted share, roughly flat from the third quarter but down from $97.6 million in the fourth quarter of 2022. For the full year, diluted EPS rose to $4.86 from $4.83, while net income fell 1.8% to $354.1 million, so shareholders see mixed headline results.
Q4 2023 net income $82.5 million ($1.13 diluted EPS), versus $82.4 million in Q3 2023 and $97.6 million ($1.33) in Q4 2022.
Full-year 2023 net income $354.1 million, down $6.5 million from $360.6 million in 2022; diluted EPS $4.86 versus $4.83.
Q4 included an $11.3 million ($0.12 per diluted share) one-time FDIC special assessment.
Net interest margin was 3.27% in Q4 2023, down from 3.38% in Q3 2023; gross loans reached $19.55 billion and deposits $19.33 billion at year-end.
RLI Corp. reported fourth-quarter 2023 net earnings of $114.6 million ($2.49 per diluted share), up from $97.8 million ($2.13) a year earlier, and operating earnings of $1.54 per share, versus $1.53. For the full year, net earnings fell to $304.6 million ($6.61 per share) from $583.4 million ($12.74), a comparison that includes a $434.4 million gain from the 2022 sale of Maui Jim, while underwriting income declined to $173.2 million from $178.2 million. The mixed results show quarterly improvement but a lower full-year underwriting profit.
Q4 2023 underwriting income was $59.8 million on an 82.7 combined ratio, compared with $54.0 million on an 82.1 ratio in Q4 2022.
Full-year 2023 operating earnings were $4.94 per share, up from $4.69 in 2022, while full-year combined ratio worsened to 86.6 from 84.4.
Q4 gross premiums written rose 13%; the company paid a $2.00 per share special dividend, totaling $91.3 million, in the quarter.
Capitol Federal Financial reported net income of $2.5 million, or $0.02 per share, for the quarter ended December 31, 2023, compared with a net loss of $140.4 million in the prior quarter. The company said that excluding losses from its securities strategy, EPS would have been $0.10, but net income fell from $16.2 million, or $0.12 per share, in the year-earlier quarter. The company also declared a quarterly dividend of $0.085 per share payable February 16, 2024.
Net income of $2.5 million, or $0.02 per share, versus a net loss of $140.4 million, or $(1.05) per share, in the quarter ended September 30, 2023
Securities strategy included a $13.3 million loss in the quarter; EPS excluding the strategy was $0.10
Net interest margin rose to 1.71% from 1.21% in the prior quarter; prior-year quarter net income was $16.2 million, or $0.12 per share
Quarterly dividend of $0.085 per share payable February 16, 2024 to holders of record as of February 2, 2024
BancFirst reported fourth-quarter 2023 net income of $48.9 million, or $1.46 per diluted share, down from $57.1 million, or $1.70, a year earlier, as net interest income and noninterest income declined. For the full year, net income rose to $212.5 million, or $6.34 per diluted share, from $193.1 million, or $5.77. CEO David Harlow said the company expects earnings to be lower in 2024, citing a full year of Durbin Amendment impact, ongoing margin pressure and higher regulatory compliance costs.
Q4 2023 net income $48.9 million, $1.46 diluted EPS, versus $57.1 million and $1.70 in Q4 2022
Full-year 2023 net income $212.5 million, $6.34 diluted EPS, versus $193.1 million and $5.77 in 2022
Q4 net interest margin 3.67% versus 3.83% a year earlier; noninterest income $45.2 million versus $48.2 million
CEO said 2024 earnings will be less, citing the Durbin Amendment, deposit competition and the $10 billion asset threshold
M&T Bank reported fourth-quarter 2023 net income of $482 million, or $2.74 per diluted share, down from $690 million and $3.98 in the third quarter and from $765 million and $4.29 a year earlier. The quarter included a $197 million FDIC special assessment, and net interest margin narrowed to 3.61% from 3.79%. For the full year, net income rose to $2.74 billion, or $15.79 per diluted share, from $1.99 billion and $11.53 in 2022.
Q4 2023 net income was $482 million, or $2.74 per diluted share, versus $690 million and $3.98 in Q3 2023 and $765 million and $4.29 in Q4 2022.
Q4 noninterest expense included a $197 million FDIC special assessment, or $0.88 per diluted share after tax.
Provision for credit losses rose to $225 million from $150 million in Q3 2023, citing pressure on investor-owned commercial real estate borrowers.
Full-year 2023 net income was $2.74 billion, or $15.79 per diluted share, versus $11.53 in 2022; net operating earnings per share were $16.08 versus $14.42.
Kinder Morgan reported fourth-quarter 2023 EPS of $0.27 and net income attributable to KMI of $594 million, both down from the fourth quarter of 2022, mainly due to higher interest expense. The company raised its 2024 budget to include the $1.815 billion STX Midstream acquisition, which lifts budgeted 2024 EPS to $1.22, up 15% versus 2023, while keeping the 2024 dividend expectation of $1.15 per share unchanged.
Q4 2023 EPS was $0.27, down 10% from Q4 2022; net income attributable to KMI was $594 million versus $670 million.
Updated 2024 budget EPS is $1.22, up 15% versus 2023, and DCF per share is $2.26; the budget now includes the STX Midstream acquisition closed December 28, 2023.
Board approved a quarterly dividend of $0.2825 per share, payable February 15, 2024, to holders of record as of January 31, 2024.
Year-end Net Debt-to-Adjusted EBITDA ratio was 4.2 times; the company repurchased about $522 million of shares in 2023.
Nicolet Bankshares reported fourth-quarter 2023 net income of $31 million, or $2.02 per diluted share, up from $1.83 a year earlier and $1.14 in the third quarter. Full-year 2023 net income fell to $62 million, or $4.08 per diluted share, from $94 million, or $6.56, in 2022, with results affected by a first-quarter Treasury securities sale loss and a $9.1 million Wisconsin tax valuation charge. Shareholders see a stronger quarter but a weaker year, and management said it is positioned to maintain momentum into 2024.
Q4 2023 net income $31 million and diluted EPS $2.02, versus $1.83 in Q4 2022 and $1.14 in Q3 2023
Full-year 2023 net income $62 million and diluted EPS $4.08, versus $94 million and $6.56 in 2022
Q4 2023 net interest margin 3.30%, up 14 bps from Q3 2023; full-year margin 3.18%, down 22 bps
Tangible common equity ratio rose to 7.98% at December 31, 2023; nonperforming assets $28 million
Hancock Whitney reported fourth-quarter 2023 net income of $50.6 million, or $0.58 per diluted share, down from $1.12 in the third quarter and $1.65 a year earlier. The results include a $75.4 million net charge tied to a securities portfolio restructuring loss, a parking facility sale gain and an FDIC special assessment, which the company excludes from its adjusted figures.
Net income was $50.6 million, or $0.58 per diluted share, versus $97.7 million, or $1.12, in Q3 2023 and $143.8 million, or $1.65, in Q4 2022.
The net charge of $75.4 million, or $0.68 per diluted share after tax, includes a $65.4 million loss on the securities portfolio restructuring and a $26.1 million FDIC special assessment, partly offset by a $16.1 million parking facility sa
Excluding these items, EPS would have been $1.26, up $0.14 linked-quarter.
No shares were repurchased in Q4 2023; the buyback authorization expires December 31, 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.