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
Macerich's board elected Diana M. Laing as a director on July 18, 2024, and increased the board from seven members to eight. The company said seven of the eight directors will be independent, and Laing previously served on the Macerich board from 2003 through 2022.
Laing was elected to the board on July 18, 2024, on the recommendation of the Nominating and Corporate Governance Committee.
The board increased from seven to eight members, effective upon Laing's appointment.
Laing was CFO of American Homes 4 Rent until her retirement in June 2018 and was interim CFO of Alexander & Baldwin from November 2018 to May 2019.
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.