589 material Form 8-K filings that 520 companies we cover made with the SEC in October 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).
Prosperity Bancshares entered a Fourth Amended and Restated Employment Agreement with CEO David Zalman on October 15, 2024. The revised agreement narrows change-in-control payments: cash payments now apply only if Zalman resigns for Good Reason or is terminated without Cause within a window from six months before to 18 months after a change in control.
Agreement dated October 15, 2024, amends the Third Amended and Restated Agreement effective December 29, 2023.
Prior agreement paid three times base salary and three times average annual bonus upon a change in control.
Revised agreement requires a qualifying termination, with payments tied to a window running six months before to 18 months after a change in control.
Home BancShares reported third quarter 2024 net income of $100.0 million, or $0.50 per diluted share, compared with $0.49 a year earlier. The results include a $16.7 million additional loan loss reserve for areas affected by Hurricane Helene, which the company said reduced diluted EPS by six cents, and the chairman said the company had been expecting $0.55 to $0.56 before the storm.
Q3 2024 net income $100.0 million vs $98.5 million in Q3 2023 and $101.5 million in Q2 2024
Total revenue (net) $258.0 million vs $245.4 million in Q3 2023
Hurricane Helene reserve of $16.7 million within an $18.2 million loan loss provision; total credit loss expense $18.9 million
Net available liquidity of $5.65 billion at September 30, 2024; conference call set for October 17, 2024 at 1:00 p.m. CT
Banner Corporation reported third quarter 2024 net income of $45.2 million, or $1.30 per diluted share, up from $39.8 million in the prior quarter but down from $45.9 million a year earlier. The company also declared a regular quarterly dividend of $0.48 per share, payable November 15, 2024.
Net income was $45.2 million, or $1.30 per diluted share, versus $39.8 million ($1.15) in the second quarter of 2024 and $45.9 million ($1.33) in the third quarter of 2023.
Revenue was $153.7 million, compared with $149.7 million in the prior quarter and $154.4 million a year ago; net interest income was $135.7 million versus $141.8 million a year ago.
Quarterly cash dividend of $0.48 per share, payable November 15, 2024, to shareholders of record on November 5, 2024.
Net income for the nine months was $122.5 million, or $3.54 per diluted share, compared with $141.0 million, or $4.09 per share, a year earlier.
Cohen & Steers reported results for the quarter ended September 30, 2024, with revenue of $133.2 million, up 9.4% from the prior quarter, and U.S. GAAP diluted earnings per share of $0.77, up from $0.63. Ending assets under management rose 13.7% to $91.8 billion, helped by $1.3 billion of net inflows, which points to higher fee-earning assets for shareholders.
Revenue of $133.2 million, up 9.4% from $121.7 million in the second quarter of 2024 and up 7.7% from $123.7 million a year earlier
Diluted EPS of $0.77 on a U.S. GAAP basis versus $0.63 in the second quarter; as adjusted, $0.77 versus $0.68
Ending AUM of $91.8 billion, up 13.7% from $80.7 billion at June 30, 2024, including net inflows of $1.3 billion
Operating margin of 33.7% on a U.S. GAAP basis versus 31.5% in the second quarter; 35.7% as adjusted
Equifax reported third-quarter 2024 revenue of $1.442 billion, up 9% from a year earlier, led by growth in Workforce Solutions verification services and U.S. mortgage revenue. Net income attributable to Equifax fell 13% to $141.3 million, and diluted EPS fell 14% to $1.13, while adjusted EPS rose 5% to $1.85. The filing also sets fourth-quarter and full-year 2024 guidance, with full-year adjusted EPS expected at $7.25 to $7.35.
Q3 2024 revenue $1.442 billion, up 9% reported and 11% in local currency
Diluted EPS $1.13 versus $1.31 a year earlier; adjusted diluted EPS $1.85, up 5%
Q3 included $41.6 million of restructuring charges for the realignment of resources and other costs
FY 2024 guidance: reported revenue $5.700 billion to $5.720 billion; adjusted EPS $7.25 to $7.35
Triumph Financial reported net income to common stockholders of $4.5 million, or $0.19 per diluted share, for the quarter ended September 30, 2024, up from $1.9 million, or $0.08, in the second quarter but down from $12.0 million, or $0.51, in the third quarter of 2023. Management said it does not expect first-quarter 2025 earnings to be strong because of seasonal factoring volume declines and expense pressures, which weighs on the outlook for shareholders.
Q3 2024 net income to common stockholders was $4.5 million, or $0.19 per diluted share, versus $0.08 in Q2 2024 and $0.51 in Q3 2023.
Non-performing assets rose to 2.07% of total assets, up from 1.60% in Q2 2024 and 1.07% in Q3 2023.
Management expects Q4 2024 expenses below $97 million and does not expect Q1 2025 earnings to be great.
Year-to-date credit loss expense was $14.3 million, and the company reserved $2.4 million for one bankrupt C&I client.
Kinder Morgan reported third-quarter 2024 EPS of $0.28, up 17% from a year earlier, and net income attributable to KMI of $625 million, up from $532 million. The company lowered its 2024 outlook: it now expects Adjusted EBITDA about 2% and Adjusted EPS about 4% below budget, though it still expects both to rise versus 2023, which matters to shareholders because the budget was the prior benchmark.
Q3 2024 EPS of $0.28, up 17%; Adjusted EPS of $0.25, flat versus Q3 2023
Q3 Adjusted EBITDA of $1,880 million, up 2% from $1,835 million
2024 outlook: Adjusted EBITDA about 2% below budget and Adjusted EPS about 4% below budget, but up 5% and 9% versus 2023
Quarterly dividend of $0.2875 per share, a 2% increase over Q3 2023, payable November 15, 2024
On October 11, 2024, the Trust entered a margin loan agreement with Bank of America, N.A. allowing borrowing of up to $100 million, subject to a borrowing base. The Trust also notified Société Générale that it will terminate its existing SocGen credit facility in full on November 20, 2024, and it will not borrow under the BofA facility until the SocGen facility is terminated. The filing bears on shareholders because it sets new borrowing terms and costs for the Trust.
Borrowing limit of up to $100 million under the BofA facility, subject to a borrowing base and Investment Company Act limits
Drawn amounts bear interest at daily SOFR plus 85 basis points; a 0.20% per annum fee applies to daily undrawn amounts, payable monthly
SocGen credit facility to be terminated in full on November 20, 2024, with the termination linked to the new BofA facility
Facility is secured by a perfected first-priority interest in certain Trust assets held in a segregated account; mandatory prepayments may apply on certain events
Winmark reported third-quarter 2024 net income of $11.1 million, or $3.03 per diluted share, compared with $11.1 million, or $3.05 per diluted share, a year earlier. Revenue fell to $21.5 million from $22.3 million, and the company's board approved a $7.50 per share special dividend, totaling about $26.4 million, alongside a $0.90 quarterly dividend.
Q3 revenue was $21.5 million, versus $22.3 million in the third quarter of 2023.
Nine-month diluted EPS was $8.29, compared with $8.40 a year earlier.
Special dividend of $7.50 per share, about $26.4 million in total, plus a $0.90 quarterly dividend, both payable December 2, 2024 to holders of record on November 13, 2024.
The company said results were affected by its May 2021 decision to run off its leasing portfolio.
OFG Bancorp reported third-quarter 2024 results for the period ended September 30, 2024, with diluted EPS of $1.00, up from $0.95 in the third quarter of 2023 but down from $1.08 in the second quarter of 2024. Total core revenues were $174.1 million, up from $172.2 million a year earlier and down from $179.4 million in the prior quarter, so shareholders see year-over-year gains alongside a sequential decline.
Diluted EPS of $1.00 compared with $1.08 in 2Q24 and $0.95 in 3Q23; the company reported EPS up 5.3% year over year.
Total core revenues of $174.1 million compared with $179.4 million in 2Q24 and $172.2 million in 3Q23.
Net income available to common stockholders of $47.0 million compared with $51.1 million in 2Q24; total provision for credit losses rose to $21.4 million from $15.6 million.
Tangible book value per share increased to $26.15 from $24.18 in 2Q24; the CET1 ratio was 14.37%.
First Horizon reported third quarter 2024 net income available to common shareholders of $213 million, or $0.40 per diluted share, up from $184 million, or $0.34, in the second quarter. Adjusted for notable items, earnings were $224 million, or $0.42 per share, and total revenue rose to $828 million from $815 million. Lower provision expense and continued share repurchases also bear on shareholder returns, though net interest margin declined and noninterest expense increased.
Net income available to common shareholders: $213 million, or $0.40 per share, versus $184 million, or $0.34, in Q2 2024
Adjusted net income available to common shareholders: $224 million, or $0.42 per share, versus $195 million, or $0.36, in Q2 2024
Net interest margin fell to 3.31% from 3.38%; provision for credit losses fell to $35 million from $55 million
Repurchased 5 million shares in Q3 2024 at an average price of $15.80; $441 million used year-to-date under a $650 million program
Citizens Financial Group reported third quarter 2024 net income of $382 million, or $0.77 per diluted share, down from $392 million and $0.78 in the second quarter and from $430 million and $0.85 a year earlier. Total revenue fell 3% from the prior quarter to $1.9 billion, and management said some fees pushed out to the fourth quarter. The board also declared a quarterly common dividend of $0.42 per share.
Net income $382 million vs. $392 million in Q2 2024 and $430 million in Q3 2023
Diluted EPS $0.77 vs. $0.78 in Q2 2024 and $0.85 in Q3 2023; underlying EPS $0.79
Total revenue $1,901 million, down 3% from Q2 2024 and 6% from Q3 2023
Quarterly dividend of $0.42 per share, payable November 13, 2024, to holders of record on October 30, 2024
Synchrony Financial reported third quarter 2024 net earnings of $789 million, or $1.94 per diluted share, up from $628 million, or $1.48 per diluted share, a year earlier. Net revenue rose 9.8% to $3.8 billion, but credit quality weakened, with net charge-offs at 6.06% of average loan receivables compared with 4.60% a year earlier.
Net earnings rose 26% to $789 million from $628 million in the third quarter of 2023.
Diluted EPS was $1.94, compared with $1.48 a year earlier.
Net charge-offs were 6.06% of average loan receivables, compared with 4.60% a year earlier; loans 30+ days past due were 4.78%, compared with 4.40%.
The company returned $399 million to shareholders, including $300 million of share repurchases, and had $700 million of repurchase authorization remaining as of September 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.