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).
Cathay General Bancorp reported second quarter 2024 net income of $66.8 million, or $0.92 per diluted share, down from $71.4 million, or $0.98 per share, in the first quarter and $93.2 million, or $1.28 per share, a year earlier. The decline was driven mainly by a higher provision for credit losses and $4.1 million of accelerated amortization on solar tax credit investments, and non-performing assets rose to $129.0 million.
Net interest margin narrowed to 3.01% from 3.05% in the first quarter; the provision for credit losses rose to $6.6 million from $1.9 million.
Non-performing assets increased 3.1% to $129.0 million as of June 30, 2024.
The Company announced a new stock repurchase program of up to $125.0 million on May 28, 2024, and repurchased $25.1 million of stock in the quarter.
NBT Bancorp reported second quarter 2024 net income of $32.7 million, up from $30.1 million a year earlier, but diluted earnings per share were $0.69 versus $0.70. Net interest income rose 9.1% from a year earlier, while noninterest expense also climbed to $89.6 million from $78.8 million. The board approved a third-quarter cash dividend of $0.34 per share, a 6.3% increase that shareholders will receive on September 13, 2024.
Net income of $32.7 million vs. $30.1 million in Q2 2023; diluted EPS $0.69 vs. $0.70 a year earlier and $0.71 in Q1 2024
Operating diluted EPS (non-GAAP) of $0.69 vs. $0.80 in Q2 2023 and $0.68 in Q1 2024
Net interest income of $97.2 million, up 9.1% from Q2 2023; noninterest expense of $89.6 million vs. $78.8 million
Quarterly dividend raised to $0.34 per share, a 6.3% increase; payable September 13, 2024 to holders of record as of August 30, 2024
RLI Corp. reported second quarter 2024 net earnings of $82.0 million ($1.78 per share), up from $77.7 million ($1.69 per share) a year earlier. Operating earnings rose to $79.3 million ($1.72 per share) from $53.3 million ($1.16 per share), and underwriting income reached $70.0 million on an 81.5 combined ratio, compared with 87.2 in the second quarter of 2023, which points to stronger profitability for shareholders.
Net earnings $82.0 million ($1.78 per share) vs. $77.7 million ($1.69 per share) in Q2 2023
Operating earnings $79.3 million ($1.72 per share) vs. $53.3 million ($1.16 per share) in Q2 2023
Underwriting income $70.0 million on an 81.5 combined ratio, vs. $41.2 million on an 87.2 combined ratio in Q2 2023
Gross premiums written up 11%; net investment income up 18% to $34.0 million
TrustCo Bank Corp NY reported second quarter 2024 net income of $12.6 million, or $0.66 per diluted share, compared with $16.4 million, or $0.86 per diluted share, a year earlier, and up from $12.1 million in the first quarter of 2024. Average loans grew 3.8% year over year, and the net interest margin rose to 2.53% from 2.44% in the prior quarter, while net interest income fell from $44.1 million a year earlier. For shareholders, quarterly profit was lower than a year ago but higher than the first quarter.
Net income $12.6 million ($0.66 diluted EPS) for Q2 2024, versus $16.4 million ($0.86) for Q2 2023 and $12.1 million for Q1 2024
Net interest income $37.8 million, up from $36.6 million in Q1 2024 but down from $44.1 million in Q2 2023
Average loans up $182.2 million, or 3.8%, year over year; net interest margin 2.53%, up from 2.44% in Q1 2024
Q2 2024 results include a $1.4 million gain on Visa Class C shares; book value per share was $34.46 at June 30, 2024
Simpson Manufacturing reported second-quarter 2024 results on July 22, 2024. Net sales were essentially flat at $597.0 million, but income from operations fell 8.9% to $132.2 million and diluted earnings per share were $2.31, down from $2.50. The company also updated its full-year 2024 outlook, which for operating margin now calls for 20.0% to 21.0%, so shareholders face lower profit in the period despite stable sales.
Net sales of $597.0 million, down 0.1% from $597.6 million a year earlier
Income from operations of $132.2 million, down 8.9% from $145.0 million; operating margin 22.1% versus 24.3%
Net income of $97.8 million, or $2.31 per diluted share, versus $107.2 million, or $2.50 per diluted share
Updated 2024 outlook: operating margin of 20.0% to 21.0% and capital expenditures of $180.0 million to $190.0 million
Medpace reported second quarter 2024 results on July 22, 2024, with revenue up 14.6% year over year and GAAP net income of $88.4 million, or $2.75 per diluted share, versus $1.93 a year earlier. The company also gave full-year 2024 guidance of $2.125 billion to $2.175 billion in revenue and $11.24 to $11.93 in diluted EPS, but net new business awards fell 4.1% in the quarter.
Q2 2024 revenue was $528.1 million, up 14.6% from $460.9 million; EBITDA rose 34.2% to $112.3 million.
Q2 2024 net new business awards were $551.0 million, down 4.1% from $574.8 million, for a net book-to-bill ratio of 1.04x.
2024 guidance: revenue of $2.125 billion to $2.175 billion, GAAP net income of $361.0 million to $383.0 million, and diluted EPS of $11.24 to $11.93.
No share repurchases were made in Q2 2024; $308.8 million remained under the authorized program as of June 30, 2024.
Park National Corporation reported second-quarter 2024 net income of $39.4 million, up 24.6% from $31.6 million a year earlier, with diluted earnings per share of $2.42 versus $1.94. For the first half of 2024, net income rose 14.2% to $74.6 million, and the board declared a quarterly dividend of $1.06 per common share.
Q2 2024 net income $39.4 million vs. $31.6 million in Q2 2023; diluted EPS $2.42 vs. $1.94
First-half 2024 net income $74.6 million, up 14.2%; diluted EPS $4.60 vs. $4.01
Net interest margin 4.39% for Q2 2024, compared with 4.07% for Q2 2023
Quarterly dividend of $1.06 per share, payable September 10, 2024, to holders of record as of August 16, 2024
Calix reported second quarter 2024 results, with revenue of $198.1 million, down 24% from $261.0 million a year earlier and down 12% from the prior quarter. The company posted a GAAP net loss of $8.0 million, compared with GAAP net income of $9.4 million in the year-ago quarter, and guided third quarter revenue to $198.0 million to $204.0 million.
Q2 2024 revenue was $198.1 million, down 24% year over year and 12% sequentially; Q2 2024 non-GAAP diluted EPS was $0.09, within the $0.03 to $0.09 guidance given April 22, 2024.
GAAP net loss was $8.0 million, or $(0.12) per diluted share; non-GAAP net income was $6.1 million, versus $25.2 million a year earlier.
Non-GAAP gross margin was a record 55.1%, and management expects gross margin to keep rising each quarter.
Third quarter 2024 guidance calls for revenue of $198.0 million to $204.0 million and non-GAAP diluted EPS of $0.05 to $0.11.
W. R. Berkley reported second quarter 2024 net income to common stockholders of $371.9 million, or $0.92 per diluted share, up from $356.3 million, or $0.87, a year earlier. Operating income per diluted share rose to $1.04 from $0.76, and total revenues increased to $3.31 billion from $2.99 billion. Per-share figures are adjusted for the 3-for-2 stock split effective July 10, 2024.
Net income to common stockholders was $371.9 million, or $0.92 per diluted share, versus $356.3 million, or $0.87, in the second quarter of 2023.
Operating income per diluted share was $1.04, up from $0.76; total revenues were $3.31 billion versus $2.99 billion.
The consolidated GAAP combined ratio was 91.1%, compared with 89.6% a year earlier.
The company returned $381.3 million to shareholders in the quarter, including $223.8 million of share repurchases.
Zions Bancorporation reported second-quarter 2024 net earnings of $190 million, or $1.28 per diluted share, up from $166 million, or $1.11, a year earlier. Net interest income rose 1% to $597 million and net interest margin widened to 2.98%, while customer-related noninterest income fell 5% to $154 million. Tangible book value per common share rose to $30.67 from $25.52, and the common dividend was unchanged at $0.41 per share.
Net earnings of $190 million, up from $166 million in 2Q23; diluted EPS of $1.28 vs. $1.11
Net interest margin was 2.98%, compared with 2.92% a year earlier
Customer-related noninterest income fell 5% to $154 million; pre-provision net revenue was $278 million, down 2%
Estimated CET1 capital ratio was 10.6%, compared with 10.0%; nonperforming assets rose to $265 million
Agilysys reported fiscal 2025 first-quarter total net revenue of $63.5 million, up 13.3% from $56.1 million a year earlier, and net income of $14.1 million, or $0.50 per diluted share, versus $1.1 million, or $0.04, a year earlier. The company also issued fiscal 2025 revenue guidance of $275 million to $280 million, which shareholders can use to compare against future results.
Total net revenue rose 13.3% to $63.5 million; subscription and maintenance revenue was $38.0 million, up 32.0% year over year.
Net income was $14.1 million, or $0.50 per diluted share; the filing shows a $10.2 million tax benefit from tax events in its adjusted earnings reconciliation.
Adjusted diluted EPS was $0.30 versus $0.18 a year earlier; adjusted EBITDA was $12.1 million versus $6.3 million.
Fiscal 2025 guidance: total revenue of $275 million to $280 million and adjusted EBITDA of 16% of revenue; cash balance was $144.1 million at June 30, 2024.
AGNC Investment Corp. reported a second-quarter 2024 comprehensive loss of $(0.13) per common share, including a $(0.11) net loss per share, compared with net income of $0.59 per share in the first quarter. Tangible net book value per share fell 5.0% to $8.40 as of June 30, 2024, and the economic return on tangible common equity was -0.9% after $0.36 in dividends, so shareholders' per-share book value declined during the quarter.
Net loss of $(0.11) per common share in Q2 2024, versus net income of $0.59 per share in Q1 2024
Tangible net book value per share of $8.40 at June 30, 2024, down from $8.84 at March 31, 2024
Economic return of -0.9% for the quarter: $0.36 dividends offset by a $(0.44) decrease in tangible net book value per share
Issued 45.8 million shares through at-the-market offerings for net proceeds of $434 million; unencumbered cash and Agency MBS totaled $5.3 billion
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.