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).
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
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.
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.
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%.
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.