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).
M/I Homes reported fourth-quarter and full-year 2023 results on January 31, 2024. Revenue and profit fell in both periods: fourth-quarter net income dropped 19% to $105.3 million, and full-year net income declined to $465.4 million from $490.7 million, even though new contracts rose 20% for the year.
Q4 2023 revenue was $972.6 million, down 20%; diluted EPS was $3.66 versus $4.65 a year earlier.
Full-year 2023 revenue was $4.0 billion, a 2% decrease; net income was $465.4 million ($16.21 per diluted share) versus $490.7 million ($17.24) in 2022.
Full-year new contracts rose 20% to 7,977, while homes delivered fell 3% to 8,112.
Shareholders' equity reached $2.5 billion at December 31, 2023, with a homebuilding debt to capital ratio of 22%.
Extreme Networks reported fiscal second-quarter 2024 results for the quarter ended December 31, 2023, with revenue of $296.4 million, down 6.9% year-over-year, and GAAP diluted EPS of $0.03 versus $0.13 a year earlier. The company guided fiscal third-quarter revenue to $200.0 million to $210.0 million with a non-GAAP loss per share of $(0.22) to $(0.17), and said distributors and partners have lowered inventory purchases, which it expects to accelerate in the third quarter.
Q2 revenue $296.4 million, down from $318.3 million a year earlier; SaaS ARR $158.0 million, up 37.4%
Q2 GAAP diluted EPS $0.03 vs. $0.13 prior year; non-GAAP diluted EPS $0.24 vs. $0.27
Q3 fiscal 2024 guidance (quarter ending March 31, 2024): revenue $200.0 million to $210.0 million; non-GAAP EPS $(0.22) to $(0.17)
Q4 fiscal 2024 revenue target $265.0 million to $275.0 million
Evercore reported fourth-quarter 2023 U.S. GAAP net revenues of $784.2 million, down from $831.3 million a year earlier, and diluted EPS of $2.03 versus $3.44. For full year 2023, net revenues fell 12% to $2.4 billion and diluted EPS was $6.37 versus $11.61, with advisory fees down 18% as revenue from large transactions declined. The board also declared a quarterly dividend of $0.76 per share, payable March 8, 2024.
Q4 2023 GAAP net revenues $784.2 million vs $831.3 million in Q4 2022; Q4 diluted EPS $2.03 vs $3.44
Full year 2023 GAAP net revenues $2.4 billion, down 12%; full year diluted EPS $6.37 vs $11.61
Advisory fees fell $44.6 million (6%) in Q4 and $429.1 million (18%) for the full year
Quarterly dividend of $0.76 per share, payable March 8, 2024 to holders of record on February 23, 2024
Robert Half reported fourth-quarter 2023 results, with revenue of $1.473 billion and net income of $87 million, or $0.83 per share, both down from the year-earlier quarter. For the full year, net income fell to $411 million, or $3.88 per share, from $658 million, or $6.03 per share, a year earlier, as revenue declined to $6.393 billion from $7.238 billion. The filing contains no revenue or earnings guidance for 2024.
Q4 2023 revenue was $1.473 billion, versus $1.727 billion in Q4 2022.
Q4 2023 net income was $87 million, or $0.83 per share, versus $148 million, or $1.37 per share, a year earlier.
Full-year 2023 net income was $411 million, or $3.88 per share, versus $658 million, or $6.03 per share, in 2022.
CEO M. Keith Waddell said the company's weekly revenue trends were approaching a positive inflection point and that results beat consensus.
NVR reported fourth-quarter 2023 net income of $410.1 million, or $121.56 per diluted share, down 10% and 9%, respectively, from a year earlier, on consolidated revenue of $2.43 billion, down 10%. For the full year, net income was $1.59 billion, down 8%, and diluted earnings per share were $463.31, down 6%, so shareholders received lower profit per share on a smaller revenue base despite higher new orders.
Q4 2023 net income was $410.1 million, or $121.56 per diluted share, versus $454.8 million, or $133.44 per diluted share, in Q4 2022.
Q4 2023 consolidated revenues were $2.43 billion, down 10% from $2.71 billion.
Q4 2023 new orders rose 25% to 5,190 units, while gross profit margin in homebuilding fell to 24.1% from 25.3%.
Full-year 2023 diluted earnings per share were $463.31, down 6% from $491.82 in 2022.
ServisFirst Bancshares reported fourth-quarter 2023 net income of $42.1 million, or $0.77 per diluted share, down from $67.7 million, or $1.24 per share, in the fourth quarter of 2022. The company said a $7.2 million FDIC special assessment, a $2.2 million privilege tax adjustment and $1.1 million in EDP contract termination costs weighed on results, and that adjusted diluted EPS was $0.91.
Diluted EPS was $0.77, compared with $0.98 in the third quarter of 2023 and $1.24 in the fourth quarter of 2022; adjusted diluted EPS was $0.91.
Net interest income was $101.7 million, down from $122.4 million a year earlier, and net interest margin was 2.57%, compared with 3.52%.
Non-interest expense was $58.3 million, up from $38.1 million in the fourth quarter of 2022, and total deposits reached $13.27 billion, up 15.0% year over year.
The quarterly cash dividend rose to $0.30 per share from $0.28, and the company hired Joel Smith as President to enter the Memphis, Tennessee market.
Tompkins Financial reported fourth-quarter 2023 diluted earnings per share of $1.05, down 22.8% from the same quarter of 2022, with net income of $15.0 million, down 23.3%. Full-year 2023 diluted EPS was $0.66, down 88.8%, reflecting an after-tax loss of $52.9 million on the sale of securities and higher funding costs. The company also declared a $0.60 per share dividend, payable February 16, 2024, to shareholders of record on February 9, 2024.
Q4 2023 diluted EPS was $1.05 versus $1.36 in Q4 2022; net income was $15.0 million versus $19.5 million.
Q4 2023 net interest margin expanded to 2.82% from 2.75% in Q3 2023, but was down from 3.02% in Q4 2022.
Full-year 2023 diluted EPS was $0.66, with net income of $9.5 million, including an after-tax securities sale loss of $52.9 million.
Board declared a $0.60 per share dividend on January 25, 2024, payable February 16, 2024, to holders of record on February 9, 2024.
United Bankshares (UBSI) reported fourth-quarter 2023 net income of $79.4 million, or $0.59 per diluted share, down from $99.8 million, or $0.74, in the fourth quarter of 2022. Full-year 2023 net income was $366.3 million, or $2.71 per diluted share, compared with $379.6 million, or $2.80, in 2022, and results included a $12.0 million FDIC special assessment in the fourth quarter.
Q4 2023 net income was $79.4 million, or $0.59 per diluted share, versus $96.2 million, or $0.71, in Q3 2023 and $99.8 million, or $0.74, in Q4 2022.
Full-year 2023 net income was $366.3 million, or $2.71 per diluted share, versus $379.6 million, or $2.80, in 2022.
Q4 2023 noninterest expense included a $12.0 million FDIC special assessment, and net interest margin was 3.55%, down from 3.87% a year earlier.
The filing contains no earnings guidance; United did not repurchase any shares in 2023.
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.
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.
Plexus reported fiscal first quarter 2024 revenue of $983 million and GAAP diluted EPS of $1.04, down from $1.09 billion and $1.49 a year earlier. Its fiscal second quarter guidance of $930 million to $970 million in revenue and $0.48 to $0.63 in GAAP diluted EPS is lower than the October 2023 guidance, and the company expects restructuring charges that weigh on those results, so shareholders face weaker near-term earnings.
Q1 fiscal 2024 revenue of $983 million vs. $1,094 million a year earlier; GAAP diluted EPS of $1.04 vs. $1.49
Q2 guidance: revenue of $930 million to $970 million and GAAP diluted EPS of $0.48 to $0.63, vs. October 25, 2023 guidance of $990 million to $1.03 billion and EPS of $1.15 to $1.33
Restructuring charges of approximately $10 million ($0.32 per share) expected in Q2, with about $20 million of annualized cost savings targeted by fiscal Q3
Board approved a new $50.0 million share repurchase program, which starts after the current authorization with $5.7 million remaining is completed
Texas Capital Bancshares reported fourth quarter 2023 net income available to common stockholders of $15.8 million, or $0.33 per diluted share, down from $57.4 million, or $1.18 per share, in the third quarter and $212.9 million, or $4.23 per share, a year earlier. The company also authorized a new share repurchase program of up to $150.0 million through January 31, 2025, which ends the prior January 2023 authorization.
Q4 2023 net income available to common stockholders was $15.8 million, or $0.33 per diluted share, versus $57.4 million, or $1.18, in Q3 2023 and $212.9 million, or $4.23, in Q4 2022.
Q4 2023 included a $19.9 million FDIC special assessment, or $0.32 per diluted share.
Net interest margin was 2.93% in Q4 2023, down 20 basis points from Q3 2023; the provision for credit losses was $19.0 million.
On January 17, 2024, the board authorized repurchases of up to $150.0 million of common stock through January 31, 2025.
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.