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).
Cathay General Bancorp (Nasdaq: CATY) reported first-quarter 2024 net income of $71.4 million, or $0.98 per diluted share, down from $82.5 million, or $1.13 per diluted share, in the fourth quarter of 2023 and $96.0 million, or $1.32 per diluted share, a year earlier. Lower net interest income, a mark-to-market loss on equity securities and rising non-performing loans weighed on results, which matters to shareholders because earnings per share fell in both comparisons.
Net income $71.4 million vs. $82.5 million in Q4 2023 and $96.0 million in Q1 2023
Diluted EPS $0.98 vs. $1.13 in Q4 2023 and $1.32 in Q1 2023, including a $9.0 million equity securities mark-to-market loss
Net interest margin fell to 3.05% from 3.27% in Q4 2023; non-accrual loans rose $31.4 million to $98.1 million
Conference call scheduled for Monday, April 22, 2024, at 3:00 p.m. Pacific Time
Simpson Manufacturing reported first-quarter 2024 net sales of $530.6 million, down 0.7%, and net income of $75.4 million, or $1.77 per diluted share, down 14.3% from $2.05 a year earlier. The company said higher operating expenses and lower gross profit drove the decline, and it updated its full-year 2024 outlook, now estimating an operating margin of 20.0% to 21.5%.
Net sales of $530.6 million, down 0.7% from $534.4 million; North America sales rose 0.1%, Europe fell 3.4%
Income from operations of $96.1 million, down 18.8% from $118.4 million; operating margin 18.1% versus 22.1%
Net income per diluted share of $1.77 versus $2.05 in the prior-year quarter
2024 outlook: operating margin 20.0% to 21.5%; capital expenditures about $185.0 million
RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per diluted share), up from $98.8 million ($2.15 per share) a year earlier. Operating earnings rose 16.5% to $87.4 million ($1.89 per share), and underwriting income increased to $77.7 million, though the combined ratio worsened slightly to 78.5 from 77.9. The results were released in an 8-K furnishing Exhibit 99.1 and do not include changes to guidance.
Net earnings of $127.9 million, or $2.77 per diluted share, versus $98.8 million, or $2.15 per share, in Q1 2023
Operating earnings of $87.4 million, or $1.89 per share, versus $75.0 million, or $1.63 per share, in Q1 2023
Underwriting income of $77.7 million on a 78.5 combined ratio, versus $67.9 million on a 77.9 combined ratio in Q1 2023
Gross premiums written rose 13%; book value per share was $33.27
Calix reported first quarter 2024 revenue of $226.3 million, down 9% from a year earlier, and non-GAAP net income of $14.4 million, down from $21.5 million a year earlier. It guided second quarter 2024 revenue to $197.0 million to $203.0 million, below the first quarter level, citing expected lower appliance shipments as customers weigh government broadband funding.
Q1 2024 revenue was $226.3 million, down 9% from a year ago and 15% from the prior quarter, within January guidance of $225.0 million to $231.0 million.
Q1 non-GAAP net income was $14.4 million; GAAP net income was $0.1 million. Non-GAAP earnings per diluted share were $0.21, within guidance of $0.17 to $0.23.
Q1 non-GAAP gross margin was a record 54.9%, while non-GAAP operating expenses were $108.4 million.
Q2 2024 guidance calls for revenue of $197.0 million to $203.0 million and non-GAAP earnings per diluted share of $0.03 to $0.09.
Medpace reported first-quarter 2024 revenue of $511.0 million, up 17.7% from a year earlier, and GAAP net income of $102.6 million, or $3.20 per diluted share, versus $2.27 a year earlier. The company also forecast full-year 2024 revenue of $2.150 billion to $2.200 billion and GAAP diluted EPS of $10.79 to $11.47, and reported no share repurchases in the quarter.
Q1 2024 revenue $511.0 million, up 17.7% from $434.1 million; backlog rose 18.2% to $2,907.1 million.
Q1 2024 GAAP net income $102.6 million, or $3.20 per diluted share, vs. $72.9 million, or $2.27, in Q1 2023; EBITDA rose 24.6% to $115.7 million.
2024 guidance: revenue $2.150 billion to $2.200 billion; GAAP net income $347.0 million to $369.0 million.
No share repurchases in Q1 2024; $308.8 million remained under the authorized program at March 31, 2024.
Ameriprise Financial furnished a press release reporting first quarter 2024 results. Adjusted operating earnings per diluted share rose 16% to $8.39 from $7.25 a year earlier, and adjusted operating net revenues increased 11%. The company also announced a 10% increase in its quarterly dividend and returned $650 million to shareholders during the quarter.
Adjusted operating EPS was $8.39 versus $7.25 a year ago, up 16%; GAAP EPS was $9.46 versus $3.79, mainly from market impacts on derivatives and market risk benefits.
Adjusted operating net revenues rose 11%; total AUM and AUA reached $1.4 trillion, up 15%.
Quarterly dividend increased 10%, and the company returned $650 million to shareholders in the quarter.
Pretax adjusted operating margin was 26.3%; adjusted operating return on equity, ex AOCI, was 49.0%.
TrustCo Bank Corp NY reported first quarter 2024 net income of $12.1 million, or $0.64 per diluted share, compared with $17.7 million, or $0.93 per diluted share, in the first quarter of 2023. Net income rose from $9.8 million in the fourth quarter of 2023, while net interest income fell 5.3% from the prior quarter, and average loans grew 5.2% year over year.
Net income was $12.1 million ($0.64 diluted EPS) versus $17.7 million ($0.93) in Q1 2023 and $9.8 million ($0.52) in Q4 2023.
Net interest income was $36.6 million, down $2.0 million or 5.3% from the prior quarter, with net interest margin at 2.44% versus 2.60% in Q4 2023.
Average loans rose $249.4 million or 5.2% year over year; nonperforming loans were $18.3 million, or 0.37% of total loans, at March 31, 2024.
Book value per share was $34.12 at March 31, 2024, up from $33.92 at December 31, 2023.
ServisFirst Bancshares reported first quarter 2024 net income of $50.0 million, or $0.92 per diluted share, up from $42.1 million and $0.77 in the fourth quarter of 2023 but down from $58.0 million and $1.06 in the first quarter of 2023. Total deposits fell 3.9% from the prior quarter to $12.75 billion, which the company attributed partly to moving away from high-cost, non-core deposits.
Net income $50.0 million vs. $42.1 million in Q4 2023 and $58.0 million in Q1 2023
Diluted EPS $0.92 vs. $0.77 in Q4 2023 and $1.06 in Q1 2023; adjusted diluted EPS $0.94
Net interest margin 2.66%, up from 2.57% in Q4 2023 but down from 3.15% in Q1 2023
Total deposits $12.75 billion, down 3.9% from Q4 2023 and up 9.8% from Q1 2023; non-performing assets 0.22% of total assets vs. 0.14% in Q4 2023
Zions Bancorporation reported first-quarter 2024 net earnings of $143 million, or $0.96 per diluted share, down from $198 million and $1.33 a year earlier, though up from $116 million and $0.78 in the fourth quarter of 2023. Net interest income fell 14% to $586 million as higher funding costs offset higher asset yields, which weighed on the year-over-year earnings decline shareholders will focus on.
Net earnings were $143 million, or $0.96 per diluted share, versus $198 million and $1.33 in 1Q23 and $116 million and $0.78 in 4Q23.
Net interest income was $586 million, down 14% from the prior year; net interest margin was 2.94%, compared with 3.33%, and up from 2.91% in 4Q23.
The provision for credit losses was $13 million, compared with $45 million a year earlier, and included a $13 million FDIC special assessment accrual in noninterest expense.
Common dividend was $0.41 per share, unchanged from a year earlier; the company repurchased $35 million of common stock in the quarter.
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.