AI filing briefs · archive

8-K filings in January 2025, explained

528 material Form 8-K filings that 462 companies we cover made with the SEC in January 2025, 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).

Clear

26 of 528 briefs match

newest first · times in ET
PIIPolaris Inc. Jan 27, 6:41 PM ET

Polaris Q4 sales fall 23%, EPS drops 90%; 2025 adjusted EPS guided down about 65%

Negative earnings Written later 2.02

Polaris reported fourth quarter 2024 sales of $1,755 million, down 23% from a year earlier, as the company cut shipments to manage dealer inventory in a subdued retail market. Reported diluted EPS fell 90% to $0.19, and adjusted diluted EPS fell 54% to $0.92. The company expects 2025 sales to fall 1% to 4% and adjusted EPS to fall about 65%, which signals a further sharp earnings decline for shareholders.

  • Q4 2024 sales were $1,755 million, down 23%; North America sales fell 26% to $1,481 million.
  • Full year 2024 reported diluted EPS was $1.95, down 78%; adjusted diluted EPS was $3.25, down 65%.
  • 2025 outlook: sales down 1% to 4% and adjusted diluted EPS down approximately 65% versus 2024.
  • CEO Mike Speetzen said he anticipates challenging headwinds will carry forward into 2025.
Read the filing on SEC.gov ↗
NSCNORFOLK SOUTHERN CORP Jan 27, 5:28 PM ET

Norfolk Southern adds Lori Ryerkerk to board under Ancora cooperation agreement

Neutral leadership Written later 5.027.01

Norfolk Southern elected Lori J. Ryerkerk, former chairman, CEO and president of Celanese Corp., to its board of directors on January 27, 2025. The appointment is made under the November 13, 2024 Cooperation Agreement with Ancora Catalyst Institutional, LP and its affiliates, and expands the board to 14 members. The filing does not include any financial results or guidance.

  • Lori J. Ryerkerk appointed to the board on January 27, 2025, expanding it to 14 members
  • Ryerkerk joins the Human Capital Management and Compensation and Governance and Nominating Committees
  • Appointment made under the Cooperation Agreement dated November 13, 2024 with Ancora parties; she will be on the slate for the 2025 annual meeting
  • Ryerkerk receives the same board compensation as other non-management directors
Read the filing on SEC.gov ↗
NUENUCOR CORP Jan 27, 5:18 PM ET

Nucor Q4 2024 net earnings fall to $287 million, or $1.22 per share, from $785 million

Negative earnings Written later 2.027.01

Nucor reported fourth-quarter 2024 net earnings attributable to stockholders of $287 million, or $1.22 per diluted share, down from $785 million, or $3.16 per share, a year earlier. Full-year 2024 net earnings were $2.03 billion, or $8.46 per share, versus $4.53 billion, or $18.00 per share, in 2023. The company said it expects lower overall net earnings in the first quarter of 2025 because of higher corporate, administrative and tax costs.

  • Q4 2024 net sales were $7.08 billion, down 8% from $7.71 billion in Q4 2023 and down 5% from Q3 2024.
  • Full-year 2024 net sales were $30.73 billion, down 11% from $34.71 billion in 2023.
  • Q1 2025 outlook: steel mills and steel products earnings similar to Q4 2024; raw materials earnings expected to decrease; higher corporate, administrative and tax impacts may lower net earnings.
  • Nucor repurchased about 13.1 million shares in 2024 and declared a $0.55 per share quarterly dividend payable February 11, 2025.
Read the filing on SEC.gov ↗
CRCrane Co Jan 27, 4:31 PM ET

Crane Q4 EPS rises 58% to $1.20; sets 2025 adjusted EPS outlook of $5.30-$5.60

Positive earnings Written later 2.02

Crane Company reported fourth quarter 2024 results on January 27, 2025. GAAP earnings per diluted share from continuing operations rose 58% to $1.20, and sales rose 12% to $544 million. The company also initiated 2025 adjusted EPS guidance of $5.30-$5.60, which it says reflects 12% growth at the midpoint, and raised its annual dividend by 12% to $0.92 per share.

  • Q4 2024 GAAP EPS from continuing operations was $1.20, versus $0.76 a year earlier; adjusted EPS was $1.26, versus $0.80.
  • Q4 sales were $544 million, up 12%, with 8% core sales growth; operating profit was $86 million, up 38%.
  • 2025 adjusted EPS outlook is $5.30-$5.60; the first quarter 2025 dividend is $0.23 per share, payable March 12, 2025.
  • The Engineered Materials divestiture was completed January 2, 2025, with net proceeds of $208 million received.
Read the filing on SEC.gov ↗
MKTXMARKETAXESS HOLDINGS INC Jan 27, 4:30 PM ET

MarketAxess elects Roberto Hoornweg to board effective March 1, 2025

Neutral leadership Written later 5.027.01

MarketAxess's board elected Roberto Hoornweg as a director on January 23, 2025, effective March 1, 2025. The board found him independent under NASDAQ rules and appointed him to its Risk Committee and Finance Committee. The filing describes a board addition and does not report any change to the company's financial results or outlook.

  • Board elected Roberto Hoornweg on January 23, 2025; service begins March 1, 2025
  • Appointed to the Risk Committee and Finance Committee, effective March 1, 2025
  • Most recently Co-Head, Corporate & Investment Banking at Standard Chartered, appointed April 2024
  • Company says he will receive the same compensation structure as other non-employee directors
Read the filing on SEC.gov ↗
SLGNSILGAN HOLDINGS INC Jan 27, 4:30 PM ET

Silgan Holdings names Philippe Chevrier executive VP and chief operating officer

Neutral leadership Written later 5.027.01

Silgan Holdings elected Philippe Chevrier as Executive Vice President and Chief Operating Officer, effective February 3, 2025. He most recently served as President of the Americas and Global Fibers business at Hexcel Corporation, from January 2023 through January 2025. The filing sets out his pay and severance terms but does not describe any effect on Silgan's financial results.

  • Effective date is February 3, 2025; Mr. Chevrier is 49 years old.
  • Annual salary of $675,000, rising to $715,000 upon relocation to the Connecticut area; target annual bonus of 75% of salary.
  • $100,000 relocation bonus, plus eligibility for equity grants under the Second Amended and Restated Stock Incentive Plan.
  • Severance if terminated without cause equals his annual salary plus his target bonus for the year of termination.
Read the filing on SEC.gov ↗
NBTBNBT BANCORP INC Jan 27, 4:30 PM ET

NBT Bancorp Q4 net income rises to $36.0 million, or $0.76 per diluted share

Positive earnings Written later 2.02

NBT Bancorp reported fourth-quarter 2024 net income of $36.0 million, or $0.76 per diluted share, up from $30.4 million, or $0.64 per share, a year earlier. Full-year 2024 net income was $140.6 million, or $2.97 per share, compared with $118.8 million, or $2.65 per share, in 2023. The board also approved a first-quarter 2025 cash dividend of $0.34 per share, a 6.3% increase over the prior year's first quarter.

  • Fourth-quarter net interest income was $106.1 million, up $4.4 million from the third quarter of 2024.
  • Fourth-quarter diluted EPS of $0.76 compares with $0.80 in the third quarter of 2024 and $0.64 in the fourth quarter of 2023.
  • First-quarter 2025 dividend of $0.34 per share is payable March 17, 2025, to stockholders of record as of March 3, 2025.
  • The Evans Bancorp merger is expected to close in the second quarter of 2025; a conference call is set for 10:00 a.m. Eastern on January 28, 2025.
Read the filing on SEC.gov ↗

Western Alliance Q4 EPS rises to $1.95 from $1.33 a year earlier

Positive earnings Written later 2.02

Western Alliance Bancorporation reported fourth quarter 2024 results in a press release furnished under Item 2.02. Net income was $216.9 million and diluted earnings per share were $1.95, up from $1.33 a year earlier and $1.80 in the third quarter. Net interest margin fell to 3.48% and the provision for credit losses rose to $60.0 million, so shareholders saw higher quarterly earnings alongside a lower margin and higher credit provisions.

  • Q4 2024 net income was $216.9 million, and diluted EPS was $1.95 versus $1.33 in Q4 2023 and $1.80 in Q3 2024.
  • Full-year 2024 net income was $787.7 million, and EPS was $7.09, up 8.4% from $6.54.
  • Net interest margin was 3.48%, down from 3.61% in Q3 2024; the provision for credit losses was $60.0 million versus $33.6 million in Q3 2024.
  • Total deposits were $66.3 billion at December 31, 2024, down $1.7 billion from September 30, 2024.
Read the filing on SEC.gov ↗

Wolverine World Wide: Director Jodi Bricker will not stand for re-election in 2025

Neutral leadership Written later 5.02

Wolverine World Wide director Jodi Bricker told the Board on January 21, 2025 that she will not stand for re-election when her term expires at the 2025 Annual Meeting of Shareholders. She will remain on the Board until that meeting, and the filing says her decision did not stem from any disagreement with the Company over its operations, policies, or practices.

  • Notice given to the Board on January 21, 2025
  • Bricker will serve until the 2025 Annual Meeting of Shareholders
  • Filing states no disagreement with the Company on operations, policies, or practices
Read the filing on SEC.gov ↗
GWREGuidewire Software, Inc. Jan 27, 4:17 PM ET

Guidewire appoints Jeff Sloan, former Global Payments CEO, to its board of directors

Neutral leadership Written later 5.02

Guidewire Software's board appointed Jeff Sloan as a director effective January 21, 2025, and the company announced the appointment on January 27, 2025. Sloan is a former chief executive of Global Payments Inc. and has served on the board of Corpay since 2013, and his initial term runs through the 2025 annual meeting of stockholders, subject to re-election.

  • Appointed effective January 21, 2025; initial term runs through the Company's 2025 annual meeting of stockholders, subject to re-election
  • Served as chief executive officer of Global Payments Inc. through June 2023 and as its president from 2010 to 2013
  • Has served on the board of Corpay (NYSE: CPAY) since 2013
  • Will receive the Company's standard non-employee director compensation and director indemnification agreement; the filing gives no dollar amounts
Read the filing on SEC.gov ↗
WRBBERKLEY W R CORP Jan 27, 4:17 PM ET

W. R. Berkley Q4 net income rose 45% to $576 million; EPS $1.44 vs. $0.98

Positive earnings Written later 2.02

W. R. Berkley reported fourth-quarter 2024 net income of $576 million, up 45.0% from $397 million a year earlier, with diluted earnings per share of $1.44 versus $0.98. Operating income, which excludes after-tax investment gains and losses, rose 15.5% to a record $453 million, while the calendar-year combined ratio rose to 90.2% from 88.4%. The results were disclosed in an 8-K with a press release dated January 27, 2025.

  • Q4 2024 net income was $576 million, up 45.0%; diluted EPS was $1.44 versus $0.98.
  • Operating income rose 15.5% to a record $453 million; fourth-quarter return on equity was 30.9%.
  • Calendar-year combined ratio was 90.2%, compared with 88.4% in the fourth quarter of 2023.
  • Total capital returned to shareholders in the quarter was $287.8 million, including $190.0 million of special dividends.
Read the filing on SEC.gov ↗
LVSLAS VEGAS SANDS CORP Jan 27, 4:16 PM ET

Las Vegas Sands elects Mark Besca as new independent board member

Neutral leadership Written later 5.02

On January 27, 2025, Las Vegas Sands' board elected Mark Besca as a new director, effective immediately. The filing says he is a non-employee director and will be compensated as described in the company's 2024 proxy statement, and it reports no related-party arrangements or transactions involving him.

  • Mark Besca elected to the board on January 27, 2025, effective immediately
  • Besca is a non-employee director; compensation follows the 'Director Compensation' section of the 2024 proxy statement filed March 29, 2024
  • No arrangements or related-party transactions involving Besca are disclosed
Read the filing on SEC.gov ↗
PRKPARK NATIONAL CORP /OH/ Jan 27, 4:15 PM ET

Park National Q4 net income rises 57.7% to $38.6 million

Positive earnings Written later 2.025.027.018.01

Park National Corporation reported fourth-quarter 2024 net income of $38.6 million, up 57.7% from $24.5 million a year earlier, and diluted earnings of $2.37 per share, up from $1.51. For full-year 2024, net income was $151.4 million, up 19.5%, and diluted earnings were $9.32 per share, up from $7.80. The company also said director Mark R. Ramser will retire from the board at the April 28, 2025 annual meeting.

  • Q4 2024 net income was $38.6 million, up 57.7% from $24.5 million in Q4 2023
  • Q4 2024 diluted earnings per share were $2.37, compared with $1.51 a year earlier
  • Full-year 2024 net income was $151.4 million, up 19.5%, and diluted earnings per share were $9.32 versus $7.80
  • Director Mark R. Ramser will retire at the 2025 Annual Meeting on April 28, 2025; the release declared a quarterly dividend of $1.07 per share payable March 10, 2025
Read the filing on SEC.gov ↗
EPREPR PROPERTIES Jan 27, 4:14 PM ET

EPR Properties Elects John Peter Suarez as Independent Trustee, Board Grows to Ten

Neutral leadership Written later 5.027.01

EPR Properties increased its Board of Trustees from nine to ten members and elected John Peter (JP) Suarez as an independent trustee, effective January 24, 2025. Mr. Suarez was also appointed to the Audit Committee and Nominating/Company Governance Committee, and the company disclosed no financial figures in the filing.

  • Board size increased from nine to ten members on January 24, 2025
  • Suarez previously served as Executive Vice President and Regional CEO at Walmart International until retiring in 2023
  • Suarez will serve until the 2025 annual shareholder meeting and receives standard non-employee trustee compensation
  • Company entered into an Indemnification Agreement with Suarez, in the same form used with other trustees
Read the filing on SEC.gov ↗
WSFSWSFS FINANCIAL CORP Jan 27, 4:13 PM ET

WSFS 4Q 2024 EPS rises to $1.09 as total revenue falls on Cash Connect client loss

Mixed earnings Written later 2.027.01

WSFS Financial reported fourth-quarter 2024 diluted EPS of $1.09, up from $1.05 a year earlier and $1.08 in the third quarter, with net income of $64.2 million. Total net revenue fell to $261.5 million from $267.7 million in the prior quarter and $265.3 million a year earlier, while noninterest expense rose to $169.1 million, partly due to a $4.7 million one-time charge tied to the termination of a Cash Connect client relationship.

  • 4Q 2024 diluted EPS was $1.09, compared with $1.08 in 3Q 2024 and $1.05 in 4Q 2023; full-year 2024 EPS was $4.41 versus $4.40 in 2023.
  • Total net revenue was $261.5 million, down from $267.7 million in 3Q 2024 and $265.3 million in 4Q 2023.
  • Cash Connect posted a $3.4 million pre-tax loss in 4Q 2024 after one-time charges of $4.7 million tied to ending a long-standing client relationship; WSFS is pursuing recovery through insurance and other avenues.
  • Customer deposits rose 4% to $17.0 billion from 3Q 2024, and the company repurchased $20.9 million of common stock in the quarter.
Read the filing on SEC.gov ↗
CSXCSX CORP Jan 27, 4:12 PM ET

CSX Appoints Ann Begeman to Board; Board Deems Her Not Independent

Neutral leadership Written later 5.027.01

CSX appointed Ann Begeman, a former Surface Transportation Board member from 2011 to 2021, to its board of directors effective January 27, 2025, raising the board from twelve to thirteen directors. The board determined she does not qualify as independent under NASDAQ listing standards because she received $275,000 for regulatory and government affairs advice in fiscal 2024.

  • Appointed effective January 27, 2025; board size increases from twelve to thirteen directors.
  • Board found she is not independent under NASDAQ standards due to $275,000 in fiscal 2024 advisory payments.
  • Named to the Finance Committee; compensated as a non-employee director under the March 25, 2024 proxy statement.
Read the filing on SEC.gov ↗

Seacoast Q4 2024 net income rises to $34.1 million, or $0.40 per diluted share

Positive earnings Written later 2.027.01

Seacoast Banking Corporation of Florida reported fourth-quarter and full-year 2024 results, with GAAP net income up from both the prior quarter and the prior year quarter. Full-year 2024 GAAP net income rose to $121.0 million from $104.0 million in 2023, while full-year adjusted net income was slightly lower than in 2023 and full-year net revenues declined 9%.

  • Q4 2024 net income was $34.1 million, or $0.40 per diluted share, compared with $30.7 million, or $0.36, in Q3 2024 and $29.5 million, or $0.35, in Q4 2023.
  • Full-year 2024 net income was $121.0 million, or $1.42 per diluted share, versus $104.0 million, or $1.23, in 2023. Full-year adjusted net income was $132.5 million, or $1.56 per share, versus $133.2 million, or $1.58.
  • Q4 2024 net revenues were $132.9 million, up 4% from the prior year quarter. Full-year net revenues were $515.4 million, down 9% from 2023.
  • Q4 2024 included an $8.0 million loss on repositioning part of the available-for-sale securities portfolio. Net interest margin rose to 3.39% from 3.17% in Q3 2024.
Read the filing on SEC.gov ↗
GGGGRACO INC Jan 27, 4:11 PM ET

Graco Q4 sales fall 3% to $548.7 million and earnings per share slip to $0.63

Negative earnings Written later 2.02

Graco reported fourth-quarter 2024 results on January 27, 2025, with net sales down 3% and operating earnings down 23% from a year earlier. For the full year, net sales fell 4% to $2.1 billion and diluted earnings per share fell to $2.82 from $2.94. The company initiated a 2025 outlook for low single-digit sales growth on an organic, constant currency basis, its first forward view after a year of slower demand.

  • Fourth-quarter net sales were $548.7 million, down 3% from $566.6 million a year earlier; operating earnings fell 23% to $130.0 million.
  • Fourth-quarter diluted EPS was $0.63 versus $0.64; adjusted diluted EPS was $0.64 versus $0.80.
  • Full-year net sales were $2.1 billion, down 4%; full-year diluted EPS was $2.82 versus $2.94.
  • 2025 outlook calls for low single-digit sales growth on an organic, constant currency basis.
Read the filing on SEC.gov ↗

Mondelez names Brian Stevens chief accounting officer, effective February 10, 2025

Neutral leadership Written later 5.02

Mondelez International appointed Brian Stevens as Senior Vice President, Corporate Controller and Chief Accounting Officer, effective February 10, 2025. Michael Call, principal accounting officer since August 2021, will move to Senior Vice President, Finance for North America on that date.

  • Brian Stevens, age 50, previously served as Chief Accounting Officer and Controller at Baxter International from December 2018 to September 2024
  • Stevens' base salary is $545,900, with a target annual incentive of 65% of base salary
  • Stevens' annual equity grant has a target value of $550,000, split 75% performance share units and 25% stock options
  • Michael Call remains Chief Accounting Officer until February 10, 2025
Read the filing on SEC.gov ↗
MRTNMARTEN TRANSPORT LTD Jan 27, 4:07 PM ET

Marten Transport Q4 net income falls to $5.6 million; revenue down 14.1% from 2023

Negative earnings Written later 2.027.01

Marten Transport reported fourth-quarter 2024 net income of $5.6 million, or 7 cents per diluted share, down from $12.4 million, or 15 cents, a year earlier. Operating revenue fell 14.1% to $230.4 million, and for the full year net income was $26.9 million, or 33 cents per diluted share, versus $70.4 million, or 86 cents, in 2023. Net income did rise 50.1% from the third quarter of 2024, which the company describes as its first sequential improvement in net income, operating income and operating ratio, net of fuel surcharges, since the second quarter of 2022.

  • Q4 2024 operating revenue $230.4 million vs. $268.2 million in Q4 2023; operating income $6.7 million vs. $15.7 million
  • Q4 2024 net income $5.6 million (7 cents per diluted share), up 50.1% from Q3 2024 net income of $3.8 million
  • Full-year 2024 operating revenue $963.7 million vs. $1.131 billion in 2023; net income $26.9 million (33 cents per diluted share) vs. $70.4 million (86 cents)
Read the filing on SEC.gov ↗
AGNCAGNC Investment Corp. Jan 27, 4:06 PM ET

AGNC posts Q4 comprehensive loss of $0.11 per share as book value falls 4.6%

Negative earnings Written later 2.02

AGNC Investment Corp. reported a fourth-quarter 2024 comprehensive loss of $(0.11) per share, versus comprehensive income of $0.64 per share in the prior quarter. Tangible net book value fell 4.6% to $8.41 per share, and the company declared a $0.36 dividend, producing a -0.6% economic return on tangible common equity for the quarter.

  • Net income was $0.10 per common share, down from $0.39 in the third quarter; other comprehensive loss was $(0.20) per share.
  • Tangible net book value per share was $8.41 as of December 31, 2024, down from $8.82 on September 30, 2024.
  • Net spread and dollar roll income was $0.37 per share, compared with $0.43 in the prior quarter.
  • The company issued 53.2 million shares through at-the-market offerings for net proceeds of $511 million.
Read the filing on SEC.gov ↗

ServisFirst reports Q4 2024 diluted EPS of $1.19, up from $1.10 in Q3

Positive earnings Written later 2.027.01

ServisFirst Bancshares reported fourth-quarter 2024 net income of $65.2 million, or $1.19 per diluted share, up from $59.9 million, or $1.10 per share, in the third quarter of 2024. The company also raised its quarterly cash dividend from $0.30 to $0.335 per share, a 12% increase.

  • Q4 2024 net income of $65.2 million, up from $59.9 million in Q3 2024 and $42.1 million in Q4 2023
  • Net interest margin of 2.96% in Q4 2024, up from 2.84% in Q3 2024
  • Full-year 2024 diluted EPS of $4.16, up from $3.79 in 2023
  • Quarterly cash dividend increased from $0.30 to $0.335 per share
Read the filing on SEC.gov ↗
SANMSANMINA CORP Jan 27, 4:03 PM ET

Sanmina Q1 revenue rises to $2.01 billion; GAAP EPS $1.16 vs $0.98 a year earlier

Positive earnings Written later 2.02

Sanmina reported unaudited first-quarter fiscal 2025 results for the quarter ended December 28, 2024, with revenue of $2.01 billion, up from $1.87 billion a year earlier, and GAAP diluted EPS of $1.16 versus $0.98. The company guided to second-quarter revenue of $1.9 billion to $2.0 billion and non-GAAP diluted EPS of $1.30 to $1.40, and its board authorized up to $300 million in additional share repurchases, which affects shareholders through capital returns and earnings expectations.

  • Revenue of $2.01 billion versus $1.87 billion in the year-earlier quarter
  • GAAP diluted EPS of $1.16 versus $0.98; non-GAAP diluted EPS of $1.44 versus $1.30
  • Q2 fiscal 2025 outlook: revenue of $1.9 billion to $2.0 billion; non-GAAP diluted EPS of $1.30 to $1.40
  • Board authorized up to $300 million in additional buybacks; about $37 million remained available as of December 28, 2024
Read the filing on SEC.gov ↗
DDOMINION ENERGY, INC Jan 27, 1:00 PM ET

Dominion Energy approves 2025 incentive plan and officer pay awards

Neutral shareholder Written later 5.02

Dominion Energy's compensation committee approved its 2025 Annual Incentive Plan on January 23, 2025, and set pay for several officers. The filing covers routine compensation and does not report financial results or a change in leadership.

  • 2025 Annual Incentive Plan approved January 23, 2025; payouts can range from 0% to 200% of target funding
  • Edward H. Baine's base salary set at $643,537, with an AIP target of 80% of base salary and a long-term incentive target of $1,250,000
  • Cash and restricted stock awards approved for Baine, Carlos M. Brown and Steven D. Ridge, with restricted stock awards of $150,000 for Baine and $350,000 each for Brown and Ridge
Read the filing on SEC.gov ↗
BOHBANK OF HAWAII CORP Jan 27, 12:30 PM ET

Bank of Hawai‘i Q4 diluted EPS $0.85, down from $0.93 in linked quarter, up from $0.72

Mixed earnings Written later 2.02

Bank of Hawai‘i reported fourth-quarter 2024 diluted EPS of $0.85 and net income of $39.2 million, down 3.0% from the prior quarter but up 28.8% from a year earlier. For the full year, diluted EPS fell to $3.46 from $4.14 and net income fell 12.4% to $150.0 million, and the board declared a $0.70 quarterly dividend.

  • Q4 2024 diluted EPS $0.85, versus $0.93 in Q3 2024 and $0.72 in Q4 2023
  • Full-year 2024 diluted EPS $3.46 versus $4.14 in 2023; net income $150.0 million, down 12.4%
  • Quarterly dividend of $0.70 per share, payable March 14, 2025, to holders of record on February 28, 2025
  • No shares repurchased in Q4 2024; $126.0 million of buyback authority remained at December 31, 2024
Read the filing on SEC.gov ↗
HOPEHOPE BANCORP INC Jan 27, 8:43 AM ET

Hope Bancorp Q4 net income $24.3 million, $0.20 per share; revenue up 1%

Positive earnings Written later 2.027.018.01

Hope Bancorp reported fourth-quarter 2024 net income of $24.3 million, or $0.20 per diluted share, roughly level with the third quarter, while revenue rose 1% to $118.0 million and pre-provision net revenue rose 14% to $40.4 million. The company also declared a quarterly dividend of $0.14 per share, payable February 20, 2025, and said its pending merger with Territorial Bancorp is expected to close in the first quarter of 2025, subject to regulatory approvals.

  • Q4 2024 net income $24.3 million, $0.20 per diluted share, versus $24.2 million and $0.20 in Q3 2024
  • Full-year 2024 net income $99.6 million, or $0.82 per diluted share; $103.4 million, or $0.85, excluding notable items
  • Nonperforming assets fell 13% to $90.8 million; net interest margin was 2.50%, down from 2.55%
  • Quarterly cash dividend of $0.14 per share, record date February 6, 2025, payable on or about February 20, 2025
Read the filing on SEC.gov ↗

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.