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8-K filings in April 2024, explained

188 material Form 8-K filings that 175 companies we cover made with the SEC in April 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).

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AKRACADIA REALTY TRUST Apr 29, 4:39 PM ET

Acadia Realty Trust Q1 revenue rises to $91.4 million; EPS falls to $0.03

Mixed earnings Written later 2.02

Acadia Realty Trust reported first-quarter 2024 results on April 29, 2024. Total revenues rose to $91.4 million from $81.8 million, but net income fell to $3.0 million, or $0.03 per share, from $13.1 million, or $0.14 per share, and FFO Before Special Items fell to $0.33 per share from $0.40. The company reaffirmed its 2024 FFO Before Special Items guidance, and the quarter's FFO included a $4.0 million realized investment gain.

  • Total revenues of $91.4 million for the quarter ended March 31, 2024, versus $81.8 million a year earlier
  • Net income of $3.0 million, or $0.03 per share, versus $13.1 million, or $0.14 per share, for the first quarter of 2023
  • FFO Before Special Items of $0.33 per share versus $0.40; 2024 FFO Before Special Items guidance reaffirmed
  • Same-property NOI grew 5.7%, driven by the Street Portfolio; about 7 million shares issued for net proceeds of about $115 million
Read the filing on SEC.gov ↗
MBINMerchants Bancorp Apr 29, 4:05 PM ET

Merchants Bancorp posts record Q1 2024 net income of $87.1 million, up 58% year over year

Positive earnings Written later 2.02

Merchants Bancorp reported first quarter 2024 net income of $87.1 million, or $1.80 per diluted share, up 58% and 68% from the first quarter of 2023 and the highest quarterly earnings in company history. The gain was driven mainly by a $14.0 million positive fair value adjustment to servicing rights and a $26.4 million rise in net interest income, and total assets reached $17.8 billion.

  • Net income of $87.1 million and diluted EPS of $1.80 for Q1 2024, versus $55.0 million and $1.07 in Q1 2023
  • Efficiency ratio improved to 29.1% from 30.3% a year earlier; return on average assets was 2.07%
  • Non-performing loans rose to $131.8 million, or 1.22% of loans, from $82.0 million at December 31, 2023
  • Series A Preferred Stock redeemed for approximately $52 million on April 1, 2024
Read the filing on SEC.gov ↗
RVTYREVVITY, INC. Apr 29, 8:40 AM ET

Revvity Q1 revenue falls to $650 million; adjusted EPS $0.98 vs $1.01 a year ago

Negative earnings Written later 2.02

Revvity reported first-quarter 2024 revenue of $650 million, down from $675 million a year earlier, and adjusted EPS from continuing operations of $0.98, down from $1.01. The company reaffirmed its full-year adjusted EPS guidance of $4.55-$4.75 and organic growth guidance of 1-3%, while updating its full-year revenue guidance to $2.76-$2.82 billion to reflect foreign currency changes.

  • Q1 2024 revenue $650 million vs $675 million a year earlier; organic growth (3)%
  • Life Sciences revenue fell 8% to $303 million; Diagnostics was flat at $347 million
  • GAAP EPS $0.21 vs $4.50 a year earlier; the prior-year figure included discontinued operations income
  • Full-year 2024 adjusted EPS guidance of $4.55-$4.75 reaffirmed; revenue guidance updated to $2.76-$2.82 billion
Read the filing on SEC.gov ↗
BENFRANKLIN TEMPLETON INC Apr 29, 8:37 AM ET

Franklin Resources revenue rises 12% to $2.15 billion, but net income falls 36%

Mixed earnings Written later 2.027.01

Franklin Resources reported second-quarter results for the quarter ended March 31, 2024, with operating revenues of $2,152.8 million, up 12% from a year earlier. Net income attributable to the company fell to $124.2 million, or $0.23 per diluted share, from $194.2 million, or $0.38, a year earlier, and operating income fell 49% year over year. Shareholders see higher revenue alongside lower GAAP profit per share, while assets under management reached $1,644.7 billion, partly from the Putnam Investments acquisition.

  • Operating revenues were $2,152.8 million, up 12% from a year earlier and 8% from the prior quarter.
  • Net income attributable to Franklin Resources was $124.2 million, or $0.23 per diluted share, versus $194.2 million, or $0.38, a year earlier.
  • Adjusted diluted earnings per share, a non-GAAP measure, was $0.56, compared with $0.61 a year earlier and $0.65 in the prior quarter.
  • Total assets under management were $1,644.7 billion at March 31, 2024, up 13% in the quarter, including $148.3 billion from the Putnam acquisition, and long-term net inflows were $6.9 billion.
Read the filing on SEC.gov ↗
UMBFUMB FINANCIAL CORP Apr 29, 7:51 AM ET

UMB Financial Q1 net income rises to $110.3 million, or $2.25 per share

Positive earnings Written later 2.027.01

UMB Financial reported first-quarter 2024 GAAP net income of $110.3 million, or $2.25 per diluted share, up from $92.4 million, or $1.90 per diluted share, a year earlier. The results include $13.0 million of pre-tax expense for the FDIC special assessment. The board also declared a $0.39 per share quarterly dividend and authorized repurchases of up to 1,000,000 shares, which sets cash returned to shareholders and the potential share count for the coming period.

  • GAAP net income was $110.3 million, or $2.25 per diluted share, versus $92.4 million, or $1.90, in Q1 2023 and $70.9 million, or $1.45, in Q4 2023.
  • Net operating income, a non-GAAP measure, was $120.7 million, or $2.47 per diluted share.
  • Quarterly dividend of $0.39 per share, payable July 1, 2024, to shareholders of record on June 10, 2024.
  • Board authorized repurchase of up to 1,000,000 shares, with purchases possible until the board meeting after the 2025 annual meeting.
Read the filing on SEC.gov ↗

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.