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).
Home BancShares reported second quarter 2024 results in a July 17, 2024 press release furnished with an 8-K. Net income was $101.5 million, or $0.51 per diluted share, up from the first quarter but below the second quarter of 2023. Management will hold a conference call on July 18, 2024 at 1:00 p.m. CT.
Net income of $101.5 million ($0.51 diluted EPS) for the quarter ended June 30, 2024, versus $100.1 million ($0.50) in Q1 2024 and $105.3 million ($0.52) in Q2 2023
Total revenue (net) of $254.6 million, up from $246.4 million in Q1 2024 and down from $257.2 million in Q2 2023
Non-interest expense of $113.2 million, including $2.3 million of FDIC special assessment expense
Book value per common share of $19.30 and tangible book value per common share of $12.08 at June 30, 2024
Darden Restaurants agreed on July 17, 2024 to acquire all outstanding shares of Chuy's Holdings for $37.50 per share in cash, a transaction with an enterprise value of approximately $605 million. The deal requires approval by a majority of Chuy's stockholders and the expiration of the HSR waiting period, and it is not subject to a financing condition. For Darden shareholders, the companies say the deal is expected to be neutral to fiscal 2025 diluted EPS excluding acquisition costs, and accretive by approximately 12 to 15 cents in fiscal 2027.
Price of $37.50 per share in cash, about $605 million enterprise value, a 40% premium to Chuy's 60-day volume weighted average price
Darden expects acquisition and integration-related expenses of approximately $50 to $55 million, pre-tax, and pre-tax net synergies of approximately $15 million by the end of fiscal 2026
Go-shop period ends 11:59 p.m. New York time on August 16, 2024; termination fee of $22,421,057 applies in certain circumstances; End Date is February 17, 2025
Chuy's had 101 restaurants in 15 states as of July 16, 2024, and total revenues over $450 million for the twelve months ended March 31, 2024
Chuck Royce, founder of Royce Investment Partners, will move to a Senior Advisor role on September 30, 2024, ending his day-to-day portfolio management duties. Francis Gannon will join the portfolio management team of Royce Small-Cap Trust (formerly Royce Value Trust) at the same time, per the July 15, 2024 press release attached to the filing.
Chuck Royce becomes Senior Advisor effective September 30, 2024
Francis Gannon joins the Royce Small-Cap Trust portfolio management team, alongside Lauren Romeo, Steven McBoyle, Andrew Palen and George Necakov
Royce Investment Partners reports adding 15 investment professionals over the last five years
Royce Investment Partners said Chuck Royce will move to a Senior Advisor role effective September 30, 2024, after completing his transition from day-to-day portfolio management. For Royce Micro-Cap Trust shareholders, Jim Stoeffel is set to become lead portfolio manager of the trust at that date, with Brendan Hartman remaining portfolio manager and Andrew Palen joining as assistant portfolio manager.
Chuck Royce becomes Senior Advisor effective September 30, 2024
Jim Stoeffel becomes lead portfolio manager of Royce Micro-Cap Trust effective after the close of business on September 30, 2024
Brendan Hartman remains portfolio manager; Andrew Palen joins as assistant portfolio manager
Royce said it has added 15 investment professionals over the last five years
Banner Corporation reported second quarter 2024 net income of $39.8 million, or $1.15 per diluted share, up from $37.6 million, or $1.09 per share, in the first quarter but flat with $1.15 per share a year earlier. Revenue rose to $149.7 million from $144.6 million in the prior quarter, while net interest income fell to $132.5 million and net interest margin narrowed to 3.70% from 4.00% a year ago, which matters to shareholders because it shows core lending income under pressure from higher funding costs.
Q2 2024 net income $39.8 million, or $1.15 per diluted share, versus $37.6 million, or $1.09, in Q1 2024 and $39.6 million, or $1.15, in Q2 2023
Revenue $149.7 million, up from $144.6 million in Q1 2024 but down from $150.9 million in Q2 2023
Net interest margin 3.70%, compared with 3.74% in Q1 2024 and 4.00% in Q2 2023
Board declared a regular quarterly cash dividend of $0.48 per share, payable August 16, 2024, to holders of record on August 6, 2024
Royce Global Trust disclosed in a July 15, 2024 press release that Chuck Royce, founder of Royce Investment Partners, will move to a Senior Advisor role effective September 30, 2024, ending his day-to-day portfolio management duties. Chuck Royce will transition off the portfolio management of Royce Global Trust, with Steven McBoyle named portfolio manager of the trust as part of the changes.
Chuck Royce becomes Senior Advisor effective September 30, 2024, after ending day-to-day portfolio management
Steven McBoyle will become portfolio manager of Royce Global Trust, effective after the close of business on September 30, 2024
Changes affect multiple funds, including Royce Small-Cap Fund and Royce Premier Fund, with transitions on July 31 and September 30, 2024
Royce says it added 15 investment professionals over the last five years
Kinder Morgan reported preliminary second quarter 2024 results, with EPS flat at $0.26 and net income attributable to KMI down to $575 million from $586 million. Distributable cash flow rose to $1,100 million from $1,076 million, and the board approved a $0.2875 per share dividend, 2% above the second quarter of 2023. The company said 2024 results are expected to be roughly in line with its budget, which matters to shareholders because it signals the dividend and cash flow outlook.
Second quarter EPS of $0.26, flat versus the second quarter of 2023; adjusted EPS up 4%
Net income attributable to KMI of $575 million, compared with $586 million a year earlier
DCF of $1,100 million, up from $1,076 million; DCF per share of $0.49, up 2%
Dividend of $0.2875 per share payable August 15, 2024 to holders of record on July 31, 2024; full-year 2024 expected to be on budget or within 1-2% below
Equifax reported second-quarter 2024 revenue of $1.430 billion, up 9% on a reported basis, with net income attributable to Equifax of $163.9 million, up 19%. The company maintained its full-year 2024 guidance, with a revenue midpoint of $5.720 billion and Adjusted EPS of $7.35, and said non-mortgage revenue growth offset a challenging U.S. mortgage market.
Q2 2024 diluted EPS was $1.31, up 17% from $1.12; Adjusted EPS was $1.82, up 6%.
Workforce Solutions revenue was $612.9 million, up 5%; USIS revenue was $478.3 million, up 7%; International revenue was $339.3 million, up 17%.
Full-year 2024 guidance was maintained: revenue midpoint of $5.720 billion, up 8.6%, and Adjusted EPS of $7.35.
Q3 2024 guidance calls for reported revenue of $1.425 billion to $1.445 billion and Adjusted EPS of $1.75 to $1.85.
Triumph Financial reported second-quarter 2024 net income to common stockholders of $1.9 million, or $0.08 per diluted share, down from $3.4 million, or $0.14, in the first quarter and $6.8 million, or $0.29, a year earlier. The letter says the company missed consensus earnings estimates by approximately $3.3 million, citing elevated expenses, and management said it will hold expenses near $97 million per quarter while continuing to invest in its technology platform.
Q2 2024 net income to common stockholders was $1.9 million, or $0.08 per diluted share, versus $3.4 million, or $0.14, in Q1 2024 and $6.8 million, or $0.29, in Q2 2023.
Management said earnings missed consensus estimates by approximately $3.3 million, and expenses were $97.3 million, up 7.7% from Q1.
Management expects Q3 2024 expenses of approximately $97 million and said it intends to hold expenses near that level through the rest of 2024 and early 2025.
Management said network engagement in brokered freight was just under 47% at the end of Q2 and it expects to reach 50% by the end of 2024.
WaFd reported net income of $64.6 million for the quarter ended June 30, 2024, up 5% from $61.8 million a year earlier, and up sharply from $15.9 million in the March 2024 quarter. Diluted earnings per share were $0.75, down from $0.89 a year earlier but up from $0.17 in the prior quarter, the first full quarter after the Luther Burbank acquisition.
Net income was $64.56 million versus $61.78 million for the June 30, 2023 quarter, and $15.89 million for the March 31, 2024 quarter.
Diluted EPS was $0.75, compared with $0.89 a year earlier and $0.17 in the March 2024 quarter.
Net interest margin fell to 2.56% from 3.27% a year earlier; net interest income rose 5.0% to $177 million.
Acquisition-related costs were $2.3 million for the quarter, and the company reported non-performing assets of $69 million.
United Airlines Holdings reported second-quarter 2024 results on July 17, 2024, with total operating revenue of $15.0 billion, up 5.7% from a year earlier, and net income of $1.3 billion. Diluted earnings per share were $3.96, up from $3.24, and adjusted EPS of $4.14 was in line with the company's second-quarter guidance. The company continues to expect full-year 2024 adjusted EPS of $9 to $11 and posted an investor update with additional outlook details.
Total operating revenue of $15.0 billion, up 5.7%; TRASM down 2.4% year over year
Pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax margin of 12.1%
Diluted EPS of $3.96 versus $3.24 a year earlier; adjusted diluted EPS of $4.14
Full-year 2024 adjusted diluted EPS outlook of $9 to $11 unchanged; earnings call set for July 18, 2024 at 9:30 a.m. CDT
Winmark reported second-quarter 2024 net income of $10.4 million, or $2.85 per diluted share, matching the $2.85 reported a year earlier, while total revenue fell to $20.1 million from $20.4 million. The company also declared a quarterly dividend of $0.90 per share, payable September 3, 2024, to shareholders of record on August 14, 2024.
Q2 net income $10,431,400 ($2.85 diluted) vs $10,368,800 ($2.85 diluted) a year earlier
Q2 total revenue $20,120,500 vs $20,362,200; royalties rose to $17,774,500 from $17,105,800
Six-month diluted EPS $5.26 vs $5.34; leasing income fell to $524,400 from $1,019,800 following the May 2021 decision to run off the leasing portfolio
Quarterly dividend of $0.90 per share payable September 3, 2024; record date August 14, 2024
Ally Financial reported preliminary second-quarter 2024 results, with GAAP earnings per share of $0.86, down from $0.99 a year earlier but up from $0.42 in the first quarter. Adjusted EPS was $0.97, up 1% year over year, while GAAP total net revenue of $2.0 billion fell 4% year over year. Shareholders face a mixed picture: profit on a GAAP basis declined year over year, but the quarter improved sequentially.
GAAP net income attributable to common shareholders was $266 million, compared with $301 million in the second quarter of 2023 and $129 million in the first quarter of 2024.
Provision for credit losses rose $30 million year over year to $457 million, reflecting higher net charge-offs.
Net interest margin was 3.27%, down 11 basis points year over year; Ally's common equity tier 1 ratio was 9.6%.
Ally's board approved a $0.30 per share common dividend for the third quarter of 2024, and the company did not repurchase any shares on the open market during the quarter.
Northern Trust reported second-quarter 2024 net income of $896.1 million, or $4.34 per diluted share, up from $214.7 million in the first quarter and $331.8 million a year earlier. The results were driven mainly by a $878.4 million net gain from the Visa transaction, while $196.3 million of restructuring charges and other notable items partly offset it. Shareholders should note that the gain is one-time in nature and that trust fees, which rose 6% from the prior-year quarter, are the company's largest recurring revenue source.
Net income was $896.1 million, versus $214.7 million in Q1 2024 and $331.8 million in Q2 2023.
Diluted EPS was $4.34, compared with $0.96 in Q1 2024 and $1.56 in Q2 2023.
Visa-related net gain of $878.4 million; restructuring and other notable items totaled $196.3 million, including $85.2 million of severance-related charges and a $70.0 million charitable commitment to the Northern Trust Foundation.
Trust, investment and other servicing fees were $1,166.1 million, up 6% from Q2 2023. The company returned $405.1 million to common shareholders through dividends and buybacks.
Citizens Financial Group reported second quarter 2024 net income of $392 million, or $0.78 diluted EPS, up from $334 million and $0.65 in the first quarter but down from $478 million and $0.92 a year earlier. Underlying EPS, a non-GAAP measure that excludes notable items, was $0.82, and management said it remains comfortable with its full-year guidance and medium-term targets.
Net income $392 million and diluted EPS $0.78, versus $334 million and $0.65 in Q1 2024 and $478 million and $0.92 in Q2 2023.
Underlying EPS $0.82, versus $0.79 in Q1 2024 and $1.04 in Q2 2023; notable items reduced EPS by $0.04.
Total revenue $1.96 billion, flat from Q1 2024 and down 6% from Q2 2023; noninterest income rose 7% from Q1 to $553 million.
Quarterly common dividend of $0.42 per share, payable August 14, 2024, to holders of record on July 31, 2024; $200 million of shares repurchased in the quarter.
First Horizon reported second quarter 2024 net income available to common shareholders of $184 million, or $0.34 per diluted share, flat in dollars and up $0.01 from the first quarter. Total revenue fell to $815 million, and results were well below the year-earlier quarter, which included a $225 million merger termination gain. The company returned $212 million to shareholders through share repurchases.
Net income available to common shareholders was $184 million, or $0.34 per diluted share, versus $184 million, or $0.33, in first quarter 2024 and $317 million, or $0.56, in second quarter 2023.
Total revenue was $815 million, down 1% from $819 million in the first quarter and down 21% from $1,031 million a year earlier.
Adjusted EPS, excluding notable items, was $0.36 versus $0.35 in the first quarter and $0.39 in second quarter 2023.
First Horizon repurchased 13.9 million shares at a weighted average price of $15.26 and reached an 11.0% CET1 ratio, its near-term target.
Elevance Health reported second quarter 2024 results, with GAAP diluted EPS of $9.85, up 26%, and adjusted diluted EPS of $10.12, up 12%. Operating revenue slipped to $43.2 billion from $43.4 billion, while the company said it has prudently maintained its full-year outlook of at least $37.20 in adjusted EPS.
Q2 2024 operating revenue was $43.2 billion, down $0.2 billion from the prior year quarter, driven by Medicaid membership attrition
GAAP diluted EPS was $9.85 versus $7.79 a year earlier; adjusted diluted EPS was $10.12 versus $9.04
Full-year 2024 outlook: GAAP diluted EPS of at least $34.05 and adjusted diluted EPS of at least $37.20
Board declared a third quarter dividend of $1.63 per share, payable September 25, 2024, to holders of record on September 10, 2024
Synchrony Financial reported second quarter 2024 net earnings of $643 million, or $1.55 per diluted share, up from $569 million, or $1.32 per diluted share, a year earlier. Loan receivables grew 8% to $102.3 billion, but higher credit losses and provisions were a drag, and the company returned $400 million to shareholders in the quarter.
Net earnings of $643 million compared with $569 million in the second quarter of 2023, an increase of 13%.
Net revenue rose $418 million, or 12.7%, to $3.7 billion, while the provision for credit losses rose $308 million to $1.7 billion.
Net charge-offs were 6.42% of average loan receivables, compared with 4.75% a year earlier.
The company returned $400 million to shareholders, including $300 million of share repurchases, and had a remaining $1 billion repurchase authorization as of June 30, 2024.
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.