177 material Form 8-K filings that 165 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).
First Financial Bankshares reported first-quarter 2024 net income of $53.40 million, up from $52.57 million a year earlier, with earnings per share flat at $0.37. Net interest income rose to $100.24 million, while noninterest expense increased to $63.94 million from $57.26 million, which the release attributes mainly to salary and employee benefit costs.
Net income was $53.40 million for Q1 2024 versus $52.57 million for Q1 2023; basic and diluted EPS were $0.37 in both periods.
Net interest income rose to $100.24 million from $96.29 million a year earlier; net interest margin was 3.34 percent in both periods.
Provision for credit losses was $808 thousand, down from $2.78 million in Q1 2023.
Noninterest expense rose to $63.94 million from $57.26 million, with salary, commissions and employee benefit costs up to $36.68 million from $31.46 million.
BancFirst reported first-quarter 2024 net income of $50.3 million, or $1.50 per diluted share, down from $57.5 million, or $1.72 per diluted share, a year earlier. Lower net interest income and noninterest income, plus higher noninterest expense and a larger loan loss provision, drove the decline, while total assets and deposits grew from year-end 2023.
Net interest income fell to $106.1 million from $109.2 million, and net interest margin was 3.70% versus 3.89%.
Noninterest income totaled $44.9 million versus $47.8 million, mainly due to an approximate $5.3 million reduction in interchange fees tied to the Durbin Amendment.
Provision for credit losses was $4.0 million, compared with $2.3 million in the first quarter of 2023.
Nonaccrual loans were $42.0 million, or 0.54% of total loans at March 31, 2024, up from 0.32% at year-end 2023.
Glacier Bancorp reported first-quarter 2024 net income of $32.6 million, down 47% from $61.2 million a year earlier, with diluted earnings per share of $0.29 versus $0.55. The company attributed the decline mainly to a significant increase in funding costs and costs tied to its Wheatland Bank acquisition, while its net interest margin rose to 2.59% from 2.56%. For shareholders, profit fell sharply in the quarter, and the company declared a quarterly dividend of $0.33 per share.
Net income of $32.6 million versus $61.2 million in the prior year first quarter; diluted EPS of $0.29 versus $0.55
Net interest margin of 2.59% in the quarter, up from 2.56% in the prior quarter
Wheatland Bank acquisition completed January 31, 2024, with $5.7 million of acquisition-related expense in the quarter
Quarterly dividend of $0.33 per share declared; purchase of six Montana branches from Heartland Bank expected to close in the third quarter of 2024
Public Service Enterprise Group adopted an amendment to its Key Executive Severance Plan, effective April 16, 2024. The changes clarify benefits eligibility, allow severance eligibility under a voluntary exit incentive program in specified circumstances, and remove references to PSEG Energy Resources and Trade LLC because its separate incentive plan has closed. The filing describes the amendment as administrative and does not report any financial figures.
Amendment to Key Executive Severance Plan adopted April 16, 2024, effective the same day
Employees may be eligible for severance under a voluntary exit incentive program in specified circumstances
References to PSEG Energy Resources and Trade LLC removed because its separate incentive plan has closed
Westamerica Bancorporation reported first quarter 2024 net income of $36.4 million, or $1.37 per diluted share, down from $40.5 million and $1.51 per share in the first quarter of 2023, and from $39.5 million and $1.48 in the fourth quarter of 2023. Total revenue on a fully taxable equivalent basis fell 4.9% year over year to $76.2 million, as net interest income declined and total deposits fell 11.3%. The results were furnished in an 8-K with the press release attached as Exhibit 99.1.
Net income of $36.4 million, down 10.0% from $40.5 million in Q1 2023 and from $39.5 million in Q4 2023.
Diluted EPS of $1.37, versus $1.51 in Q1 2023 and $1.48 in Q4 2023.
Net interest and fee income (FTE) of $66.1 million, down 5.0% from $69.6 million a year earlier; cost of funds rose to 0.20% from 0.03%.
Return on average common equity was 15.2%, versus 19.1% in Q1 2023; the company paid a $0.44 per share dividend in Q1 2024.
OFG Bancorp reported first-quarter 2024 results for the period ended March 31, 2024. Diluted earnings per share were $1.05, up from $0.98 in the fourth quarter of 2023 and $0.96 in the first quarter of 2023, while total core revenues were $174.2 million, down from $175.6 million sequentially but up from $164.4 million a year earlier. The results show higher earnings per share year over year, although sequential revenue and pre-provision net revenues declined.
Diluted EPS was $1.05 versus $0.98 in 4Q23 and $0.96 in 1Q23.
Total core revenues were $174.2 million, compared with $175.6 million in 4Q23 and $164.4 million in 1Q23.
Pre-provision net revenues were $83.0 million, compared with $88.2 million in 4Q23 and $74.6 million in 1Q23.
Net charge-offs were $19.8 million, compared with $16.3 million in 4Q23 and $10.1 million in 1Q23.
Badger Meter reported first quarter 2024 results for the period ended March 31, 2024, with net sales up 23% year-over-year to $196.3 million and diluted earnings per share up 50% to $0.99. Operating profit rose 46%, and the company said operating margin reached 18.6%, and it did not provide numeric guidance in the release.
Net sales of $196.3 million compared with $159.1 million a year earlier.
Diluted EPS of $0.99 compared with $0.66 in the prior year quarter.
Operating margin of 18.6%, up 290 basis points from 15.7%; utility water sales rose 29%, while flow instrumentation sales fell 3%.
Telog/Unity remote network monitoring acquisition completed at the start of 2024; the company will hold a conference call on April 18, 2024.
Allstate estimated March 2024 catastrophe losses at $328 million pre-tax ($259 million after-tax), with six events and about 80% of the month's losses tied to one hail event. Total first-quarter 2024 catastrophe losses were $731 million pre-tax, and the filing also reports rate increases that raised premiums for Allstate brand auto and homeowners policies.
March 2024 catastrophe losses: $328 million pre-tax, or $259 million after-tax
Six March events estimated at $343 million pre-tax, or $271 million after-tax; about 80% linked to one hail event
First-quarter 2024 catastrophe losses: $731 million pre-tax
Allstate brand premium impact from rate increases: auto 0.9% in March and 2.4% year-to-date; homeowners 0.7% in March and 3.4% year-to-date
Ally Financial reported preliminary first-quarter 2024 results on April 18, 2024. GAAP net income attributable to common shareholders was $129 million, down from $291 million a year earlier, as lower net financing revenue, higher credit provisions and higher noninterest expenses offset higher other revenue. The results and the planned leadership change, with Michael Rhodes becoming CEO on April 29, are the key items for shareholders.
GAAP EPS of $0.42 compared with $0.96 in the first quarter of 2023; adjusted EPS of $0.45 compared with $0.82
GAAP total net revenue of $1,986 million, down 5% from $2,100 million a year earlier
Provision for credit losses rose $61 million year over year to $507 million
Michael Rhodes to become CEO starting April 29, according to the release
F.N.B. Corporation reported first-quarter 2024 net income available to common stockholders of $116.3 million, or $0.32 per diluted share, down from $144.5 million, or $0.40, in the first quarter of 2023 but up from $48.7 million, or $0.13, in the fourth quarter of 2023. Excluding significant items, operating EPS was $0.34, compared with $0.40 a year earlier and $0.38 in the prior quarter.
Net income available to common stockholders was $116.3 million, or $0.32 per diluted share, versus $144.5 million, or $0.40, in Q1 2023.
Operating EPS (non-GAAP) was $0.34, versus $0.40 in Q1 2023 and $0.38 in Q4 2023.
Non-interest income rose 10.7% year over year to $87.9 million.
Tangible book value per common share (non-GAAP) reached $9.64, up 11.3% from $8.66 a year earlier; the estimated CET1 ratio was a record 10.2%.
S&T Bancorp reported first-quarter 2024 net income of $31.2 million, or $0.81 per diluted share, down from $39.8 million, or $1.02 per share, a year earlier and from $37.0 million, or $0.96 per share, in the fourth quarter of 2023. Net interest income and noninterest income both declined from the prior quarter, which the company attributed to higher funding costs and unusual fourth-quarter items, so shareholders are looking at lower earnings per share in both comparisons.
Net income was $31.2 million, or $0.81 per diluted share, versus $39.8 million, or $1.02 per share, in Q1 2023
Net interest income was $83.5 million, down $1.6 million from $85.1 million in Q4 2023, as funding costs rose
Noninterest income fell to $12.8 million from $18.1 million in Q4 2023, which included a $3.3 million gain on OREO
Total deposits rose $78.6 million to $7.6 billion at March 31, 2024, the third straight quarter of deposit growth
Blackstone reported first-quarter 2024 GAAP net income attributable to Blackstone Inc. of $847 million, compared with $85.8 million a year earlier, on total revenues of $3.69 billion versus $1.38 billion. Fee Related Earnings rose 12% to $1.2 billion, and Distributable Earnings were $1.3 billion, up 1%, with a $0.83 quarterly dividend declared. The higher GAAP results were largely driven by performance allocations and principal investment revenue, which can vary widely from quarter to quarter.
GAAP net income attributable to Blackstone Inc. was $847 million, or $1.11 diluted per share, versus $85.8 million, or $0.11 diluted per share, in the first quarter of 2023
Fee Related Earnings were $1.2 billion ($0.95 per share), up 12% from the prior-year quarter
Distributable Earnings were $1.3 billion ($0.98 per share), up 1%; total AUM reached $1,061.3 billion, up 7%
Quarterly dividend of $0.83 per share: record date April 29, 2024, payable May 6, 2024
KeyCorp reported first quarter 2024 net income from continuing operations attributable to common shareholders of $183 million, or $0.20 per diluted share, up sharply from $30 million, or $0.03, in the fourth quarter of 2023 but down from $275 million, or $0.30, in the first quarter of 2023. Total revenue of $1.53 billion fell 10.6% from a year earlier, while noninterest expense also declined, so the quarter improved on the prior quarter but remained weaker than a year ago.
Net income of $183 million, or $0.20 per diluted share, versus $275 million, or $0.30, in Q1 2023 and $30 million, or $0.03, in Q4 2023
Total revenue of $1.53 billion, down 10.6% from $1.71 billion in Q1 2023 and down 0.3% from Q4 2023
Net interest income of $886 million, down 19.9% from a year earlier; noninterest income of $647 million, up 6.4%
FDIC special assessment charges reduced first quarter earnings by $22 million, or $0.02 per diluted share, after tax
Snap-on reported first-quarter 2024 results on April 18, 2024. Diluted EPS rose to $4.91 from $4.60, including a $0.16 benefit from a legal payment, while net sales were flat at $1,182.3 million and organic sales fell 0.8%. Operating margin before financial services improved to 22.9% from 22.0%, and the company projected 2024 capital expenditures of $100 million to $110 million and a full-year effective tax rate of 22% to 23%.
Diluted EPS of $4.91 vs. $4.60 a year earlier, including an $0.16 per share after-tax legal payment benefit
Net sales of $1,182.3 million, down $0.7 million (0.1%); organic sales down $9.9 million (0.8%)
Operating earnings before financial services of $270.9 million vs. $259.8 million; margin 22.9% vs. 22.0%
2024 capital expenditure outlook of $100 million to $110 million; full-year effective tax rate expected at 22% to 23%
Elevance Health reported first quarter 2024 results on April 18, 2024, with operating revenue of $42.3 billion, up 0.9% from a year earlier, and diluted EPS of $9.59, up 15.5%. The company raised its full-year 2024 guidance to diluted EPS greater than $34.05 and adjusted diluted EPS greater than $37.20, which signals stronger expected earnings for shareholders.
Q1 2024 diluted EPS was $9.59, up 15.5%; adjusted diluted EPS was $10.64, up 12.5%
Operating revenue was $42.3 billion, up 0.9%; total operating margin was 7.1%, up 30 basis points
Full-year 2024 diluted EPS guidance raised to greater than $34.05; adjusted diluted EPS guidance raised to greater than $37.20
Repurchased 1.1 million shares for $566 million in Q1; quarterly dividend of $1.63 per share declared, payable June 25, 2024
Texas Capital Bancshares reported first-quarter 2024 net income available to common stockholders of $21.8 million, or $0.46 per diluted share, down from $34.3 million, or $0.70, a year earlier but up from $0.33 in the fourth quarter of 2023. Chief Risk Officer Tim J. Storms also told the company he plans to retire on or around June 15, 2024, and the company intends to search for a replacement.
Q1 2024 net income available to common stockholders was $21.8 million, or $0.46 per diluted share, versus $34.3 million, or $0.70, in Q1 2023 and $15.8 million, or $0.33, in Q4 2023.
Net interest income was $215.0 million, down from $235.3 million a year earlier; non-interest income rose to $41.3 million from $37.4 million.
Q1 2024 included a $5.0 million legal settlement expense, a $3.0 million FDIC special assessment and $2.0 million of restructuring expenses.
Chief Risk Officer Tim J. Storms plans to retire on or around June 15, 2024, and will provide consulting services during the transition.
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.