392 material Form 8-K filings that 341 companies we cover made with the SEC in July 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, Inc. (FFIN) reported second quarter 2024 net income of $52.49 million, or $0.37 per diluted share, up from $50.87 million, or $0.36 per share, a year earlier, but down from $53.4 million in the first quarter. Net interest income rose to $103.27 million as the net interest margin widened to 3.48%, while noninterest expense rose to $65.01 million and nonperforming assets increased to 0.81% of loans and foreclosed assets from 0.43% a year earlier.
Net income was $52.49 million for Q2 2024, compared with $50.87 million in Q2 2023 and $53.4 million in Q1 2024.
Basic and diluted earnings per share were $0.37, compared with $0.36 a year earlier and $0.37 in the linked quarter.
Net interest margin (tax equivalent) was 3.48%, up from 3.29% a year earlier; noninterest expense was $65.01 million, up from $57.61 million.
Nonperforming assets were 0.81% of loans and foreclosed assets at June 30, 2024, versus 0.43% a year earlier, mainly due to one owner occupied commercial real estate loan in the DFW area placed on nonaccrual.
Glacier Bancorp reported second-quarter 2024 net income of $44.7 million, up 37% from the first quarter but down 19% from the $55.0 million earned a year earlier. Management attributed the year-over-year decline mainly to higher funding costs and costs tied to the January 31, 2024 Wheatland acquisition. Sequential results improved, but earnings remain below the prior-year level.
Net income was $44.7 million, up $12.1 million from the first quarter ($32.6 million) and down $10.2 million from the second quarter of 2023 ($55.0 million).
Diluted earnings per share were $0.39, compared with $0.29 in the first quarter of 2024 and $0.50 in the second quarter of 2023.
Net interest margin was 2.68%, up 9 basis points from 2.59% in the first quarter; non-interest expense was $141 million, down 7% from the prior quarter.
The board declared a quarterly dividend of $0.33 per share, payable July 18, 2024.
The Hanover Insurance Group said its preliminary second quarter catastrophe losses were $157.1 million before taxes, mostly from severe convective storms that hit its Personal Lines business. It expects a second quarter combined ratio of 99.2% and after-tax net income of $1.12 per diluted share, with operating income of $1.88 per diluted share. The company described its bottom-line results as close to its second quarter expectations, and the figures are preliminary.
Preliminary second quarter catastrophe losses of $157.1 million before taxes, or 10.7 points of net earned premium
Expected second quarter combined ratio of 99.2% and ex-CAT combined ratio of 88.5%
Expected net income of $40.5 million, or $1.12 per diluted share, and operating income of $68.1 million, or $1.88 per diluted share
Results are for the quarter ended June 30, 2024, and are subject to revision as the company finalizes its financial results
BancFirst Corporation reported second-quarter 2024 net income of $50.6 million, or $1.51 per diluted share, down from $55.0 million, or $1.64 per diluted share, a year earlier. Net interest income rose to $109.9 million, but noninterest income fell to $43.9 million, mainly due to an approximate $5.7 million reduction in interchange fees tied to the Durbin Amendment, and noninterest expense rose to $85.3 million.
Q2 2024 net income was $50.6 million, or $1.51 per diluted share, versus $55.0 million, or $1.64 per diluted share, in Q2 2023.
Net interest income increased to $109.9 million from $105.9 million; net interest margin was 3.76% versus 3.87%.
Noninterest income fell to $43.9 million from $48.0 million, primarily due to an approximate $5.7 million reduction in Durbin Amendment interchange fees.
Noninterest expense rose to $85.3 million from $81.1 million; total assets were $12.7 billion at June 30, 2024.
Corsair Gaming said preliminary unaudited second-quarter 2024 revenue was approximately $261 million and that results in its Gaming Components and Systems segment were disappointing for revenue and margins. The company said its Gamer and Creator Peripherals segment grew 20% year over year, but it did not update its financial outlook and will report full results on August 1, 2024.
Preliminary unaudited revenue for the quarter ended June 30, 2024 is approximately $261 million.
CEO Andy Paul said Gaming Components and Systems results were disappointing for revenue and margins, with recovery expected in the second half of 2024 and 2025.
Gamer and Creator Peripherals segment revenue grew 20% year over year, the third consecutive quarter of growth.
Full second-quarter results and outlook will be released after the Nasdaq close on August 1, 2024.
Westamerica Bancorporation reported second quarter 2024 net income of $35.5 million, or $1.33 per diluted share, down from $40.2 million and $1.51 per share in the second quarter of 2023. Results also declined from the first quarter of 2024, when net income was $36.4 million and EPS was $1.37. The company recorded no provision for credit losses and raised its quarterly dividend to $0.44 per share from $0.42 a year earlier.
Net income of $35.5 million versus $40.2 million in Q2 2023, a decline of 11.9%
Diluted EPS of $1.33 versus $1.51 a year earlier and $1.37 in Q1 2024
Net interest income (FTE) of $64.1 million, down 8.8% from $70.3 million in Q2 2023
Dividend of $0.44 per share, up from $0.42 in Q2 2023; annualized return on average common equity of 14.4% versus 18.4%
Berkshire Hills Bancorp reported second-quarter 2024 GAAP net income of $24.0 million, or $0.57 per share, compared with a net loss of $20.2 million in the first quarter, which included a loss on securities sales. Operating earnings were $23.2 million, or $0.55 per share, up 12% from $0.49 in the prior quarter and in line with $0.55 a year earlier. The results are a routine quarterly update and the company did not state numerical guidance in the filing.
GAAP net income of $24.0 million, or $0.57 per share, versus a loss of $20.2 million, or $0.47 per share, in Q1 2024
Operating earnings of $23.2 million, or $0.55 per share, up 12% linked quarter; net interest margin rose to 3.20%
Total net revenue of $108.7 million, versus $55.5 million in Q1 2024, which included a $49.9 million loss on securities sales
Chief Financial Officer Brett Brbovic was promoted from Chief Accounting Officer, per the earnings release
OFG Bancorp reported second-quarter 2024 results for the period ended June 30, 2024, with diluted earnings per share of $1.08, up from $1.05 in the first quarter and $0.93 a year earlier. Total core revenues were $179.4 million, compared with $174.2 million in the first quarter and $170.5 million a year earlier, so both headline profit and revenue measures improved.
Diluted EPS of $1.08, versus $1.05 in 1Q24 and $0.93 in 2Q23
Total core revenues of $179.4 million, versus $174.2 million in 1Q24 and $170.5 million in 2Q23
Net charge-offs of $15.0 million, down from $19.8 million in 1Q24; the company bought $24.3 million of its shares under a $50 million buyback program
F.N.B. Corporation reported second quarter 2024 net income available to common stockholders of $123.0 million, or $0.34 per diluted share, down from $140.4 million, or $0.39 per share, a year earlier but up from $116.3 million, or $0.32 per share, in the first quarter. Net interest income fell 4.1% from a year earlier to $315.9 million, while period-end total loans and leases rose 7.7% year over year. Tangible book value per common share reached $9.88, up 12.4% from a year earlier, and the filing gives no updated earnings guidance.
Q2 2024 net income available to common stockholders was $123.0 million, or $0.34 per diluted share, versus $140.4 million, or $0.39, in Q2 2023 and $116.3 million, or $0.32, in Q1 2024.
Net interest income was $315.9 million, down 4.1% from a year earlier and down $3.1 million from the prior quarter.
Period-end total loans and leases increased $2.4 billion, or 7.7%, year over year.
Tangible book value per common share was $9.88 at June 30, 2024, up $1.09, or 12.4%, from a year earlier.
S&T Bancorp reported second-quarter 2024 net income of $34.4 million, or $0.89 per diluted share, up from $31.2 million, or $0.81 per share, in the first quarter and flat with $0.89 per share in the second quarter of 2023. The results were released alongside supplemental investor materials, and the filing reports the quarter's net interest margin of 3.85% and nonperforming assets of $35.0 million.
Net income of $34.4 million and diluted EPS of $0.89, compared with $31.2 million and $0.81 in Q1 2024.
Diluted EPS matched the $0.89 reported in Q2 2023, when net income was $34.5 million.
Net interest margin rose to 3.85% from 3.84% in Q1 2024; provision for credit losses fell to $0.4 million from $2.6 million.
Q2 2024 included a $3.2 million loss on the repositioning of $49.0 million of securities.
Blackstone reported second quarter 2024 results, with GAAP net income attributable to Blackstone Inc. of $444 million, down from $601 million a year earlier, and diluted earnings per share of $0.58 versus $0.79. Distributable earnings rose to $1.3 billion ($0.96 per share) while total revenues were roughly flat, so shareholders see a mixed picture on profit measures and a higher distributable earnings figure.
GAAP net income attributable to Blackstone Inc. was $444 million in Q2 2024 versus $601 million in Q2 2023; diluted EPS was $0.58 versus $0.79.
Total revenues were $2.80 billion versus $2.81 billion a year earlier.
Distributable earnings were $1.3 billion ($0.96 per share) versus $1.2 billion ($0.93 per share); fee related earnings were $1.1 billion ($0.91 per share) versus $1.14 billion in Q2 2023.
Declared a quarterly dividend of $0.82 per share, with a July 29, 2024 record date and August 5, 2024 payment date; share repurchase authorization was increased to $2.0 billion.
BankUnited reported second-quarter 2024 net income of $53.7 million, or $0.72 per diluted share, up from $48.0 million in the first quarter but down from $58.0 million a year earlier. Net interest margin expanded to 2.72%, while non-performing loans rose to $173.5 million, so shareholders see sequential earnings improvement alongside a year-over-year decline and higher credit stress indicators.
Net income $53.7 million, or $0.72 per diluted share, for the quarter ended June 30, 2024, versus $48.0 million, or $0.64, for the quarter ended March 31, 2024, and $58.0 million, or $0.78, for the quarter ended June 30, 2023.
Net interest margin rose to 2.72% from 2.57% in the prior quarter.
Non-performing loans rose to $173.5 million, or 0.70% of total loans, from $115.8 million, or 0.48%, at March 31, 2024.
Non-interest bearing demand deposits grew $826 million; total assets were $35.4 billion at June 30, 2024.
KeyCorp reported second-quarter 2024 net income from continuing operations attributable to common shareholders of $237 million, or $.25 per diluted share, up from $183 million, or $.20, in the first quarter but down from $250 million, or $.27, a year earlier. Total revenue on a taxable-equivalent basis was $1,526 million, down 0.5% from the prior quarter and 4.3% from a year earlier, while noninterest expense fell 5.6% from the first quarter to $1,079 million. For shareholders, earnings improved sequentially but remain below last year's level.
Net income of $237 million, or $.25 per diluted share, versus $183 million ($.20) in Q1 2024 and $250 million ($.27) in Q2 2023.
Total revenue (TE) of $1,526 million, compared with $1,533 million in Q1 2024 and $1,595 million in Q2 2023.
Noninterest expense of $1,079 million, down from $1,143 million in Q1 2024.
Net loan charge-offs were 0.34% of average total loans; the Common Equity Tier 1 ratio was an estimated 10.5% at June 30, 2024.
Snap-on reported second-quarter 2024 results with diluted EPS of $5.07, up from $4.89 a year earlier. The EPS figure includes a $0.16 per share benefit from a legal payment, while net sales fell 1.0% to $1,179.4 million on a 1.1% organic sales decline, so shareholders see higher per-share profit alongside shrinking sales.
Diluted EPS was $5.07 versus $4.89 in Q2 2023, including a $0.16 per share after-tax benefit from legal payments of $8.7 million.
Net sales were $1,179.4 million, down $11.9 million from $1,191.3 million, with organic sales down 1.1%.
Operating margin before financial services was 23.8% versus 23.3% a year earlier.
For 2024, capital expenditures are projected at $100 million to $110 million, and the full-year effective tax rate at 22% to 23%.
Textron reported second-quarter 2024 results with total revenues of $3.5 billion, up from $3.4 billion a year earlier, and GAAP income from continuing operations of $1.35 per share versus $1.30. Adjusted EPS rose to $1.54 from $1.46, and the company returned $358 million to shareholders through share repurchases in the quarter, though segment profit fell to $343 million from $352 million.
Total revenues were $3,527 million, up from $3,424 million; Textron Aviation and Bell revenue increased while Industrial revenue fell $112 million.
GAAP EPS from continuing operations was $1.35 versus $1.30; adjusted EPS was $1.54 versus $1.46.
Segment profit was $343 million versus $352 million a year earlier; Industrial segment profit fell to $42 million from $79 million.
Net cash from operating activities of the manufacturing group was $383 million, compared with $314 million last year; share repurchases totaled $358 million in the quarter.
M&T Bank reported second quarter 2024 net income of $655 million, or $3.73 per diluted share, up from $3.02 in the first quarter but down 25% from $867 million a year earlier. Net operating income was $665 million, or $3.79 per diluted share, versus $879 million a year earlier, and the company's CET1 capital ratio rose to an estimated 11.44%.
Diluted EPS of $3.73 compared with $3.02 in Q1 2024 and $5.05 in Q2 2023
Net interest income of $1,718 million, up from $1,680 million in Q1 2024 but down from $1,799 million in Q2 2023
Noninterest income fell to $584 million from $803 million a year earlier
Nonaccrual loans declined to $2.0 billion at June 30, 2024, and CET1 capital ratio reached an estimated 11.44%
Texas Capital Bancshares reported second-quarter 2024 net income of $41.7 million and net income available to common stockholders of $37.4 million, or $0.80 per diluted share. That is up from $0.46 in the first quarter but down from $1.33 in the second quarter of 2023. The results were released in a press release and presentation filed as exhibits to this 8-K.
Net income available to common stockholders was $37.4 million, or $0.80 per diluted share, versus $21.8 million, or $0.46, in Q1 2024 and $64.3 million, or $1.33, in Q2 2023.
Provision for credit losses was $20.0 million, with $12.0 million in net charge-offs.
Net interest margin was 3.01%, and non-interest income rose $9.1 million, or 22%, from Q1 2024.
The company repurchased 852,098 shares for $50.0 million, at a weighted average price of $58.14 per share.
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.