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).
Simpson Manufacturing Co. said Matt Dunn, its Senior Vice President of Finance since June 2024, will succeed Brian Magstadt as Chief Financial Officer and Treasurer effective January 1, 2025. Magstadt steps down as CFO on December 31, 2024, and remains an Executive Advisor until his retirement on June 30, 2025, which the filing says is meant to support the transition.
Matt Dunn, age 45, becomes CFO and Treasurer effective January 1, 2025, succeeding Brian Magstadt.
Dunn's offer letter, dated October 17, 2024, sets an annual base salary of $575,000 and a target annual Cash Profit Sharing bonus of $431,250.
Dunn's target long-term incentive award for 2025 is $862,500, in performance stock units and restricted stock units, with PSUs earned from 0% to 200% of target.
Magstadt's annual base salary as Executive Advisor is $568,218, and he retires June 30, 2025.
Regency Centers reported third-quarter 2024 net income attributable to common shareholders of $98.1 million, or $0.54 per diluted share, up from $89.1 million, or $0.50 per diluted share, a year earlier. The company raised its 2024 Nareit FFO guidance to $4.27 to $4.29 per diluted share from $4.21 to $4.25, which signals higher expected per-share earnings for shareholders.
Q3 2024 Nareit FFO was $1.07 per diluted share, compared with $1.02 in Q3 2023.
Q3 2024 Core Operating Earnings were $1.03 per diluted share, compared with $0.97 in Q3 2023.
2024 Core Operating Earnings per diluted share guidance rose to $4.12 to $4.14 from $4.06 to $4.10.
Same Property percent leased was 96.1% as of September 30, 2024, up 80 basis points year over year.
Kilroy Realty Corporation reported third quarter 2024 revenue of $289.9 million, up 2.2% from a year earlier, and funds from operations (FFO) of $1.17 per diluted share, up 4.5%. Net income available to common stockholders was $0.44 per diluted share, down from $0.45, and the company raised its full-year 2024 FFO per share guidance to $4.38 to $4.44 from $4.21 to $4.31.
Q3 2024 revenue $289.9 million vs. $283.6 million in Q3 2023
Net income available to common stockholders $0.44 per diluted share vs. $0.45 a year earlier
FFO $140.4 million, or $1.17 per diluted share, vs. $1.12 a year earlier
Full-year 2024 FFO per share guidance $4.38 to $4.44, up from $4.21 to $4.31 in July 2024
Crane Company reported third quarter 2024 results on October 28, 2024, with GAAP earnings per diluted share of $1.33, up from $0.96, and sales of $597 million, up 13%. The company raised and narrowed its full-year 2024 adjusted EPS outlook to $5.05-$5.20 from $4.95-$5.15, but said it now expects free cash flow at the lower end of its $255-$275 million range.
Q3 GAAP EPS of $1.33 vs. $0.96 a year earlier; adjusted EPS of $1.38 vs. $1.03.
Q3 sales of $597 million, up 13%, including 6% core sales growth.
Full-year adjusted EPS outlook raised to $5.05-$5.20 from $4.95-$5.15.
Full-year free cash flow now expected at the lower end of $255-$275 million, citing working capital and hurricane-related insurance timing; Hurricane Helene affected a Marion, North Carolina facility.
Everus Construction Group's board expanded from four to five directors and appointed David M. Sparby to fill the new seat, effective 12:01 a.m. Eastern Time on October 27, 2024, in connection with the Distribution. Sparby was also named the sole member of the Audit Committee, and the company expects him to serve as a director and as the committee's chair when the Distribution takes effect.
Board increased from four to five directors; David M. Sparby appointed effective 12:01 a.m. ET, October 27, 2024
Sparby named sole member of the Audit Committee
Company expects Sparby to remain a director and serve as Audit Committee chair at the effective time of the Distribution
Biographical and compensation details are in the Information Statement, incorporated by reference
Encompass Health reported third-quarter 2024 net operating revenue of $1.35 billion, up 11.9% from a year earlier, and diluted earnings per share from continuing operations of $1.07, up from $0.85. The company raised its full-year 2024 guidance for revenue, Adjusted EBITDA and adjusted earnings per share, though it noted challenging conditions from Hurricanes Helene and Milton.
Q3 2024 net operating revenue was $1,351.0 million versus $1,206.9 million in Q3 2023; discharges rose 8.8%, including 6.8% same-store growth.
Adjusted EBITDA was $269.3 million, up 13.4%; adjusted earnings per share was $1.03 versus $0.86.
Full-year 2024 guidance raised: net operating revenue to $5,325 million to $5,375 million (from $5,275 million to $5,350 million) and adjusted EBITDA to $1,070 million to $1,090 million (from $1,040 million to $1,075 million).
Adjusted earnings per share guidance raised to $4.19 to $4.33 from $3.97 to $4.22; earnings call is at 10:00 a.m. Eastern on October 29, 2024.
Centerspace reported a net loss of $0.40 per diluted share for the third quarter of 2024, compared with net income of $0.41 per diluted share a year earlier, while third-quarter Core FFO per diluted share was $1.18 versus $1.20. The company narrowed its 2024 Core FFO per diluted share outlook to $4.82 to $4.90 from $4.78 to $4.92, and nine-month Core FFO per diluted share rose 3.4% to $3.68.
Q3 2024 net loss of $0.40 per diluted share, versus net income of $0.41 in Q3 2023
Q3 2024 Core FFO of $1.18 per diluted share, versus $1.20 in Q3 2023; nine-month Core FFO of $3.68 versus $3.56
2024 Core FFO per diluted share outlook narrowed to $4.82 to $4.90, from $4.78 to $4.92 previously
Q3 same-store revenues rose 3.0% year over year; $235.5 million of total liquidity at September 30, 2024
NBT Bancorp reported third quarter 2024 net income of $38.1 million, or $0.80 per diluted share, up from $24.6 million, or $0.54 per share, a year earlier and $0.69 in the second quarter of 2024. The company also declared a fourth-quarter cash dividend of $0.34 per share, a 6.3% increase, and said its pending merger with Evans Bancorp is expected to close in the second quarter of 2025.
Q3 2024 net income was $38.1 million, or $0.80 per diluted share, versus $24.6 million, or $0.54, in Q3 2023
Operating diluted EPS was $0.80 in Q3 2024, compared with $0.84 in Q3 2023, a non-GAAP measure
Net interest income was $101.7 million, up 4.6% from Q2 2024 and 7.1% from Q3 2023; net interest margin was 3.27%
Quarterly cash dividend of $0.34 per share is payable December 16, 2024 to holders of record as of December 2, 2024
Safehold reported third quarter 2024 revenue of $90.7 million, up 6% from $85.6 million a year earlier, and GAAP net income attributable to common shareholders of $19.3 million, or $0.27 per share. The prior-year quarter included a $145.4 million goodwill impairment, which accounts for most of the year-over-year swing. The company also recorded a $7.5 million non-cash credit loss provision, of which $6.8 million relates to prior periods; excluding merger, Caret and provision items, EPS was $0.37, up 11% from $0.33.
Q3 2024 revenue $90.7 million vs. $85.6 million in Q3 2023 (up 6%)
GAAP EPS $0.27 vs. a loss of $1.81 in Q3 2023; non-GAAP EPS $0.37 vs. $0.33
$7.5 million non-cash general provision for credit losses, $6.8 million on prior period balances
Closed $104 million of new originations and bought a joint venture partner's interest for $69 million
COPT Defense Properties reported results for the three months ended September 30, 2024, in an earnings release furnished as Exhibit 99.1 to a Form 8-K. Net income, diluted EPS, FFO per share, revenue and Adjusted EBITDA all rose from the year-earlier quarter, which included a $252.8 million impairment charge, but diluted AFFO fell to $52.6 million from $64.1 million.
Q3 2024 net income was $37.4 million, compared with a net loss of $221.2 million in Q3 2023, which included $252.8 million in impairment losses.
Diluted EPS was $0.32 versus a loss of $1.94 a year earlier; diluted FFO per share was $0.65 versus $0.60.
Total revenues were $189.2 million versus $168.6 million, and Adjusted EBITDA was $99.2 million versus $90.3 million.
Diluted AFFO was $52.6 million versus $64.1 million in Q3 2023; the excerpt provided does not include updated guidance.
Element Solutions reported third quarter 2024 net sales of $645 million, up 8% from a year earlier, and net income of $40 million, compared with a net loss of $32 million in the same quarter of 2023. The company also updated its full year 2024 adjusted EBITDA guidance to $535 million to $540 million, and it is selling its MacDermid Graphics Solutions business for about $325 million, which is expected to close in the fourth quarter of 2024 or the first half of 2025.
Q3 2024 net sales of $645 million, up 8% on a reported basis and 6% on an organic basis; Electronics sales rose 14% to $419 million
Net income of $40 million versus a net loss of $32 million a year earlier; GAAP diluted EPS was $0.17 compared with a loss of $0.13
Adjusted EBITDA of $143 million, up 6% from $134 million; full year 2024 adjusted EBITDA guidance is $535 million to $540 million
Pending sale of MacDermid Graphics Solutions for about $325 million, expected to close in Q4 2024 or the first half of 2025
On October 28, 2024, Calix reported third-quarter 2024 results in a press release and stockholder letter filed under Item 2.02. Revenue fell 24% from a year earlier to $200.9 million and the company posted a GAAP net loss of $4.0 million, compared with net income of $17.0 million a year earlier, though revenue rose 1.4% from the prior quarter and non-GAAP EPS of $0.13 exceeded its July 22 guidance of $0.05 to $0.11. Fourth-quarter guidance calls for revenue of $201 million to $207 million and non-GAAP EPS of $0.04 to $0.10, which shareholders will weigh against the year-over-year decline.
Q3 revenue of $200.9 million rose 1.4% from the prior quarter and fell 24% from the year-earlier quarter.
GAAP net loss of $4.0 million, or $0.06 per diluted share, versus GAAP net income of $17.0 million a year earlier; non-GAAP EPS was $0.13.
Q4 2024 guidance: revenue of $201 million to $207 million; non-GAAP EPS of $0.04 to $0.10.
Remaining performance obligations were $295.7 million, up 35% from the year-earlier quarter.
Park National Corporation reported third-quarter 2024 net income of $38.2 million, up 3.5% from a year earlier, and diluted earnings of $2.35 per share, up from $2.28. Net income for the first nine months of 2024 rose 10.3% to $112.8 million, and the board declared a quarterly dividend of $1.06 plus a special one-time dividend of $0.50 per share.
Q3 2024 net income $38.2 million vs. $36.9 million in Q3 2023; diluted EPS $2.35 vs. $2.28
Nine-month 2024 net income $112.8 million, up 10.3%; diluted EPS $6.95 vs. $6.29
Board declared $1.06 quarterly dividend and $0.50 special one-time dividend per common share, payable December 10, 2024, to holders of record November 15, 2024
Q3 results included a $5.8 million pension settlement gain and a $1.7 million provision for credit losses tied to Hurricane Helene
SBA Communications reported third-quarter 2024 results, with net income of $255.9 million, or $2.40 per diluted share, up from $85.4 million, or $0.80, a year earlier. Total revenues fell 2.2% to $667.6 million and adjusted EBITDA fell 2.0% to $472.6 million, while the company raised its full-year 2024 outlook across its key metrics and agreed to buy over 7,000 Central American sites from Millicom for about $975.0 million.
Q3 2024 net income was $255.9 million, or $2.40 per diluted share, including a $16.2 million after-tax currency remeasurement gain; total revenues were $667.6 million, down 2.2%.
Adjusted EBITDA was $472.6 million, down 2.0%, and AFFO per share was $3.32, down 0.6% from $3.34.
Full-year 2024 total revenue outlook is $2.66 billion to $2.68 billion, and AFFO per share outlook is $13.20 to $13.45, both raised from the July 29, 2024 outlook.
The Millicom site purchase for about $975.0 million in cash is expected to close some time in 2025; the quarterly dividend is $0.98 per share, payable December 12, 2024.
Rambus reported third-quarter 2024 results on October 28, 2024. GAAP revenue was $145.5 million, up from $105.3 million a year earlier, but net income fell to $48.7 million from $103.2 million, when the prior-year period included a $90.8 million gain on divestiture. Diluted earnings per share were $0.45 versus $0.93, and the company will give full revenue guidance for the fourth quarter on its conference call.
Q3 2024 GAAP revenue was $145.5 million versus $105.3 million; product revenue was $66.4 million versus $52.2 million and royalties were $64.1 million versus $28.9 million.
Diluted earnings per share were $0.45 versus $0.93; the prior-year period included a $90.8 million gain on divestiture of the PHY IP business.
Cash from operations was $62.1 million; cash and marketable securities were $432.7 million at September 30, 2024, after $50 million paid for a share repurchase program.
Fourth quarter 2024 outlook: product revenue of $72 million to $78 million and licensing billings of $57 million to $63 million.
Amkor reported third-quarter 2024 net sales of $1.86 billion, up 27% from the second quarter and up from $1.82 billion a year earlier. Diluted earnings per share were $0.49, down from $0.54 in the third quarter of 2023. For the fourth quarter, Amkor guided to net sales of $1.60 billion to $1.70 billion and net income of $70 million to $110 million, below third-quarter levels.
Q3 2024 net sales $1.86 billion, up 27% from Q2 2024 and up from $1.82 billion in Q3 2023
Q3 2024 net income attributable to Amkor $123 million, or $0.49 per diluted share, versus $0.54 in Q3 2023
Q4 2024 guidance: net sales $1.60 billion to $1.70 billion; net income $70 million to $110 million, or $0.28 to $0.44 per diluted share
Brixmor reported third-quarter 2024 net income of $96.8 million, or $0.32 per diluted share, up from $63.7 million, or $0.21, a year earlier. The company also raised its 2024 Nareit FFO per diluted share outlook to $2.13 to $2.15 from $2.11 to $2.14 and its same property NOI growth outlook to 4.75% to 5.25% from 4.25% to 5.00%, which matters to shareholders because it gives an updated view of the company's expected earnings for the year.
Q3 2024 Nareit FFO was $159.2 million, or $0.52 per diluted share, versus $152.2 million, or $0.50, in Q3 2023.
Same property NOI rose 4.1% in the third quarter and 5.2% for the nine months ended September 30, 2024.
The quarterly dividend was increased 5.5% to $0.2875 per share, payable January 15, 2025 to holders of record on January 3, 2025.
Q3 general and administrative expense included approximately $2.4 million of one-time severance costs tied to a regional realignment.
WSFS Financial said James J. Wechsler, who has been with the company since 2010, will become Executive Vice President and Chief Commercial Banking Officer effective January 1, 2025. He succeeds Stephen P. Clark, who is stepping down from the role effective December 31, 2024 and will remain with the company as a Senior Advisor. The filing is an executive succession change with no financial results or guidance included.
James J. Wechsler appointed Executive Vice President, Chief Commercial Banking Officer, effective January 1, 2025
Stephen P. Clark notified the company on October 24, 2024 that he is stepping down, effective December 31, 2024
Clark will continue as a Senior Advisor focused on business development, relationship management and leadership support
Wechsler previously served as Chief Operating Officer, Commercial Banking, and will report to Art Bacci, Chief Operating Officer
F5 reported fourth-quarter fiscal 2024 revenue of $747 million, up 6% from a year earlier, and guided to fiscal 2025 revenue growth of 4% to 5%. The company also named Edward Cooper Werner as executive vice president and chief financial officer, succeeding Frank Pelzer, and the board authorized an additional $1 billion for share repurchases. For shareholders, reported quarterly profit and earnings per share both rose, and finance leadership is changing.
Q4 fiscal 2024 revenue $747 million vs. $707 million a year earlier; software revenue up 19% to $228 million.
Q4 GAAP EPS $2.80 vs. $2.55; non-GAAP EPS $3.67 vs. $3.50.
Fiscal 2025 guidance: revenue growth of 4% to 5% and non-GAAP EPS growth of 5% to 7%.
Board added $1 billion to the buyback program on October 25, 2024; Werner's base salary is $500,000, effective after the 10-K filing.
VF Corporation reported second quarter fiscal 2025 revenue of $2.8 billion, down 6% from a year earlier, with GAAP diluted EPS of $0.52 versus a loss of $1.16 a year earlier. Adjusted EPS was $0.60, down from $0.63, and the company cut its full-year free cash flow outlook to about $425 million from $600 million, citing the Supreme sale and added reinvestment spending.
Revenue $2.8 billion, down 6% year over year; The North Face down 3% and Vans down 11%
Net income $52.2 million, compared with a net loss of $450.7 million a year earlier
Adjusted EPS $0.60 versus $0.63; adjusted operating margin 11.4%, down 60 basis points
FY25 free cash flow outlook about $425 million versus original $600 million; quarterly dividend $0.09 payable December 18, 2024
Ross Stores' board appointed James G. Conroy, currently CEO of Boot Barn, as Chief executive officer succeeding Barbara Rentler effective February 2, 2025. He joins as CEO-Elect and a board member on December 2, 2024, and the board will expand to 12 members, so shareholders see a planned leadership transition with no financial results reported in this filing.
Conroy joins December 2, 2024 as CEO-Elect, reporting to Executive Chairman Michael Balmuth, and becomes CEO February 2, 2025
Rentler steps down as CEO and from the board at fiscal year end February 1, 2025, then serves as Senior Advisor through March 31, 2027
Conroy's pay includes a salary of not less than $1,450,000, a target bonus of 200% of salary, an $8,000,000 notional RSU award, a $7,625,000 sign-on bonus, and a $32,200,000 notional restricted stock award
Patrick Industries closed a $500 million private offering of 6.375% senior notes due November 1, 2032, issued at 100% of principal. The company also entered a new $1.0 billion senior secured credit facility on October 24, 2024, which replaces its existing facility due August 2027. Net proceeds, together with borrowings under the new facility, will be used to redeem all $300 million of its 7.500% senior notes due 2027 and repay part of its existing borrowings.
$500 million of 6.375% senior notes due November 1, 2032, with interest payable semi-annually from May 1, 2025
New $1.0 billion facility: $875 million revolver and $125 million term loan, maturing October 2029
Proceeds and borrowings to redeem all $300 million of 7.500% notes due 2027 and repay part of existing secured borrowings
Notes may be redeemed before November 1, 2027 at par plus a make-whole premium; a change of control requires an offer to repurchase at 101%
Boot Barn reported fiscal second-quarter net sales up 13.7% to $425.8 million and diluted EPS of $0.95, up from $0.90 a year earlier, and updated its fiscal 2025 outlook. The company also said CEO Jim Conroy will leave effective November 22, 2024 to become CEO of Ross Stores, with Chief Digital Officer John Hazen named interim CEO while the board searches for a permanent successor.
Q2 net sales rose 13.7% to $425.8 million; same store sales increased 4.9%.
Q2 net income was $29.4 million, or $0.95 per diluted share, versus $0.90 a year earlier.
Conroy's departure takes effect November 22, 2024; John Hazen becomes interim CEO and Peter Starrett becomes Executive Chairman.
Fiscal 2025 diluted EPS guidance is $5.30 to $5.60; fiscal Q3 diluted EPS guidance is $1.96 to $2.07.
UFP Industries reported third quarter 2024 net sales of $1.65 billion, down 10% from a year earlier, and net earnings attributable to controlling interest of $100 million, down 26%. The company cited softer demand and broad-based pricing pressure, and lowered its fourth-quarter Construction demand outlook to a low-single-digit decrease, which may weigh on shareholders' near-term earnings.
Net sales of $1.65 billion fell 10%, with selling prices down 7% and organic unit sales down 3%.
Diluted earnings per share were $1.64, compared with $2.10 in the third quarter of 2023.
Adjusted EBITDA of $165 million fell 21%, and adjusted EBITDA margin declined 140 basis points to 10.0%.
The board approved a quarterly dividend of $0.33 per share on October 23, 2024, up 10% from $0.30, payable December 16, 2024.
Merchants Bancorp reported third quarter 2024 net income of $61.3 million, or $1.17 per diluted share, down 25% and 30% respectively from a year earlier. The decline was driven mainly by unfavorable fair market value adjustments to derivatives and servicing rights and higher specific reserves on loans, which the filing says lowered results by about $0.24 per diluted share.
Diluted EPS was $1.17, down from $1.68 in Q3 2023 and $1.49 in Q2 2024
Unfavorable fair value adjustments to derivatives and servicing rights hurt results by about $0.24 per diluted share
Non-performing loans rose to $210.9 million, or 2.04% of gross loans, from $143.5 million at June 30, 2024
Total assets reached $18.7 billion, while total deposits fell 14% from June 30, 2024 to $12.9 billion
Agilysys reported fiscal 2025 second-quarter results on October 28, 2024, with total net revenue up 16.5% to $68.3 million. The company raised its full-year fiscal 2025 revenue guidance to $280 million to $285 million, but GAAP net income fell to $1.4 million from $4.1 million a year earlier.
Total net revenue was $68.3 million, up from $58.6 million in the prior-year quarter.
Net income attributable to common shareholders was $1.4 million, or $0.05 per diluted share, versus $4.1 million, or $0.16 per diluted share, a year earlier.
Adjusted diluted EPS (non-GAAP) was $0.34, up from $0.25; full-year Adjusted EBITDA is now expected at 18% of revenue, versus a prior 16%.
Cash paid for the Book4Time acquisition, net of cash acquired, was $144.9 million; ending cash was $54.9 million.
At its October 23, 2024 annual meeting, Mercury Systems shareholders re-elected three Class III directors to three-year terms ending in 2027 and approved a 2024 Employee Stock Purchase Plan. Shareholders also approved the executive pay advisory vote, though by a narrower margin, and ratified KPMG LLP as auditor for fiscal 2025. The board then named William L. Ballhaus Chairman and Barry R. Nearhos Lead Independent Director and set its committee assignments.
Orlando P. Carvalho received 51,733,429 votes for and 2,268,914 withheld; Debora A. Plunkett received 51,753,414 for.
Advisory say-on-pay vote: 38,372,223 for and 15,351,270 against, with 278,850 abstentions.
The 2024 Employee Stock Purchase Plan passed with 53,871,056 for and 116,252 against.
On October 23, 2024, the board elected William L. Ballhaus Chairman and Barry R. Nearhos Lead Independent Director.
Cadence Design Systems reported third-quarter 2024 revenue of $1.215 billion, up from $1.023 billion a year earlier, and non-GAAP diluted EPS of $1.64, up from $1.26. GAAP diluted EPS fell to $0.87 from $0.93, and the company raised the midpoint of its 2024 non-GAAP EPS outlook to $5.90.
Q3 2024 revenue $1.215 billion vs. $1.023 billion in Q3 2023
Non-GAAP diluted EPS $1.64 vs. $1.26; GAAP diluted EPS $0.87 vs. $0.93
2024 non-GAAP EPS outlook $5.87 to $5.93, midpoint raised to $5.90
2024 revenue outlook $4.61 billion to $4.65 billion; Q4 revenue outlook $1.325 billion to $1.365 billion
Bank of Hawai‘i Corporation reported third-quarter 2024 diluted earnings per share of $0.93 and net income of $40.4 million. Both rose from the prior quarter but fell from the same period in 2023, when diluted EPS was $1.17. The company also declared a $0.70 per share quarterly dividend, unchanged from a year earlier.
Net income $40.4 million, up 18.4% from the second quarter and down 15.8% from the third quarter of 2023
Net interest income $117.6 million, up 2.4% from the second quarter and down 2.7% from a year earlier
Quarterly dividend of $0.70 per share, payable December 13, 2024 to holders of record on November 29, 2024
No shares repurchased in the third quarter; $126.0 million of buyback authority remained at September 30, 2024
Acadia Realty Trust reported third-quarter 2024 net income of $8.1 million, or $0.07 per share, compared with a net loss of $1.7 million, or $0.02 per share, a year earlier. FFO Before Special Items rose to $37.1 million, or $0.32 per share, from $27.6 million, or $0.27 per share, and the company reduced its pro-rata net debt-to-EBITDA to 5.6x from 6.3x at June 30, 2024.
Q3 2024 net income of $8.1 million ($0.07 per share) versus a net loss of $1.7 million ($0.02 per share) in Q3 2023
NAREIT FFO of $33.0 million ($0.28 per share) versus $26.8 million ($0.26 per share); FFO Before Special Items of $37.1 million ($0.32 per share) versus $27.6 million ($0.27 per share)
Core same-property NOI grew 5.9% in the quarter, with GAAP and cash new leasing spreads of 73% and 46%
About $150 million of acquisitions completed in the quarter and a $425 million pipeline; common equity proceeds of about $320 million to fund them
Hope Bancorp reported third-quarter 2024 net income of $24.2 million, or $0.20 per diluted share, down from $25.3 million, or $0.21, in the second quarter and $30.0 million, or $0.25, a year earlier. The company also declared a quarterly cash dividend of $0.14 per common share, and said its pending merger with Territorial Bancorp remains subject to regulatory and shareholder approvals.
Net income $24.2 million, or $0.20 per diluted share, versus $25.3 million, or $0.21, in Q2 2024 and $30.0 million, or $0.25, in Q3 2023
Net interest margin was 2.55%, down from 2.62% in Q2 2024
Quarterly cash dividend of $0.14 per share, payable on or about November 21, 2024, to holders of record on November 7, 2024
Nonperforming assets rose to $103.8 million, or 0.60% of total assets, from $67.3 million at 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.
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