811 material Form 8-K filings that 685 companies we cover made with the SEC in April 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).
Centene reported first quarter 2025 results on April 25, 2025, with adjusted diluted EPS of $2.90, up 28% from $2.26 a year earlier, and GAAP diluted EPS of $2.63 versus $2.16. Premium and service revenues rose 17% to $42.5 billion, and the company raised its 2025 premium and service revenue guidance by $6.0 billion to a range of $164.0 billion to $166.0 billion while reiterating full-year adjusted diluted EPS guidance of greater than $7.25. For shareholders, the filing shows higher profit and a higher revenue outlook, though the health benefits ratio rose to 87.5% from 87.1%.
Adjusted diluted EPS was $2.90 versus $2.26 in Q1 2024; GAAP diluted EPS was $2.63 versus $2.16.
Premium and service revenues increased 17% to $42.5 billion from $36.3 billion.
2025 premium and service revenue guidance raised by $6.0 billion, citing $5.0 billion of additional Marketplace premium revenue and $1.0 billion from the Medicare Advantage annual enrollment period.
Full-year 2025 adjusted diluted EPS guidance of greater than $7.25 was reiterated; GAAP diluted EPS guidance of greater than $6.19 was also reiterated.
Old Republic International reported first-quarter 2025 results, with GAAP net income of $245.0 million, down from $316.7 million a year earlier, mainly because investment gains fell. Excluding investment gains, net operating income rose 9.2% to $201.7 million, and diluted operating EPS rose 20.9% to $0.81, which matters to shareholders because the company says that measure better reflects its insurance operations.
GAAP net income was $245.0 million, or $0.98 per diluted share, versus $316.7 million, or $1.15, in Q1 2024.
Net income excluding investment gains was $201.7 million, up 9.2%; diluted operating EPS was $0.81 versus $0.67.
Net premiums and fees earned were over $1.8 billion, up 12.1%; combined ratio was 93.7% versus 94.3%.
Book value per share was $24.19 at March 31, 2025, up from $22.84 at December 31, 2024; $93 million was returned to shareholders in the quarter.
Minerals Technologies reported a first-quarter 2025 net loss attributable to the company of $144.0 million, or $4.51 per diluted share, after a $215 million reserve for talc-related claims and the Chapter 11 case of subsidiary BMI OldCo. Net sales fell 8% to $492 million, and excluding special items, earnings were $1.14 per share compared with $1.49 a year earlier. Management said sales improved in March and expects that to continue through the second quarter.
Net loss attributable to the company was $144.0 million, or $4.51 per diluted share, versus net income of $46.7 million, or $1.44 per diluted share, in the first quarter of 2024.
A $215 million provision covers estimated costs to fund a trust for talc-related claims and BMI OldCo's Chapter 11 case, including $30 million of debtor-in-possession financing.
Net sales were $492 million, down 8% year over year, with Consumer & Specialties sales down 10% and Engineered Solutions sales down 6%.
A cost savings program targets about $10 million in annualized savings, with a $5.5 million charge in the quarter and full run rate savings expected by early 2026.
Federated Hermes reported first quarter 2025 earnings of $1.25 per diluted share, up from $0.89 a year earlier, on net income of $101.1 million and revenue of $423.5 million, up 7%. Total managed assets reached a record $839.8 billion, and the board raised the quarterly dividend 9.7% to $0.34 per share, which shareholders of record as of May 8, 2025 will receive on May 15, 2025.
Q1 2025 diluted EPS of $1.25 vs. $0.89 in Q1 2024; net income of $101.1 million vs. $75.0 million
Q1 2025 results include a $12.9 million decrease in Other operating expense, or $0.15 per diluted share, from a U.K. value-added tax refund
Total managed assets were a record $839.8 billion at March 31, 2025, up 8% from a year earlier
Quarterly dividend raised to $0.34 per share from $0.31; payable May 15, 2025 to holders of record May 8, 2025
Seacoast Banking Corporation of Florida reported first-quarter 2025 net income of $31.5 million, or $0.37 per diluted share, up from $26.0 million a year earlier but down from $34.1 million in the fourth quarter of 2024. Net revenues rose 12% from a year earlier to $140.7 million, while adjusted net income fell from the prior quarter, and the company also disclosed a proposed acquisition of Heartland Bancshares expected to close in the third quarter of 2025.
Net income $31.5 million, or $0.37 per diluted share, versus $34.1 million, or $0.40, in Q4 2024 and $26.0 million, or $0.31, in Q1 2024
Adjusted net income $32.1 million, or $0.38 per diluted share, versus $40.6 million, or $0.48, in Q4 2024
Net revenues $140.7 million, up 6% from Q4 2024 and up 12% from Q1 2024; net interest margin rose nine basis points to 3.48%
Provision for credit losses $9.3 million versus $3.7 million in Q4 2024; proposed Heartland Bancshares acquisition expected to close in Q3 2025
The Bancorp reported first-quarter 2025 net income of $57.2 million, or $1.19 per diluted share, up from $56.4 million, or $1.06 per diluted share, a year earlier. The company said it reaffirmed its 2025 EPS guidance of $5.25 per share, which excludes the impact of $150 million of authorized stock buybacks in 2025. Share count fell 10% year over year, which helped lift per-share earnings even though net interest income declined 3%.
Q1 2025 net income $57.2 million vs. $56.4 million in Q1 2024; diluted EPS $1.19 vs. $1.06, up 12%
Net interest income fell 3% to $91.7 million; non-interest income rose to $83.6 million from $29.4 million, including $45.9 million of consumer fintech loan credit enhancement
Provision for credit losses on consumer fintech loans was $45.9 million in Q1 2025, versus none a year earlier
2025 EPS guidance of $5.25 confirmed; excludes $150 million of authorized 2025 stock buybacks
Encompass Health reported first-quarter 2025 net operating revenue of $1.46 billion, up 10.6% from a year earlier, and diluted earnings per share from continuing operations of $1.48, up from $1.11. The company raised its full-year 2025 adjusted earnings per share guidance to $4.85 to $5.10, from $4.67 to $4.96, and also named Patrick W. Tuer as Executive Vice President and Chief Operating Officer.
Q1 2025 net operating revenue was $1,455.4 million, up 10.6% from $1,316.0 million in Q1 2024.
Diluted EPS from continuing operations was $1.48 versus $1.11; adjusted EPS was $1.37 versus $1.12.
Full-year 2025 guidance raised: adjusted EPS to $4.85 to $5.10 (from $4.67 to $4.96) and adjusted EBITDA to $1,185 million to $1,220 million (from $1,160 million to $1,200 million).
Patrick W. Tuer, age 41, appointed EVP and COO with a $450,000 base salary; the earnings call is at 9:00 a.m. Eastern on April 25, 2025.
Eastern Bankshares reported a first quarter 2025 net loss of $217.7 million, or $1.08 per diluted share, driven by $269.6 million in pre-tax losses on securities sales tied to a $1.3 billion investment portfolio repositioning. Operating net income was $67.5 million, or $0.34 per diluted share, roughly flat with the prior quarter, and the board raised the quarterly dividend 8% to $0.13 per share.
Net loss of $217.7 million, or $1.08 per diluted share, versus net income of $60.8 million, or $0.30 per diluted share, in the fourth quarter of 2024.
Operating net income of $67.5 million, or $0.34 per diluted share, compared with $68.2 million in the fourth quarter of 2024.
Pre-tax losses of $269.6 million on sales of available-for-sale securities related to the portfolio repositioning; the company repurchased 2,875,530 shares for $48.7 million.
Quarterly dividend increased 8% to $0.13 per share, payable June 16, 2025 to shareholders of record as of June 3, 2025.
Digital Realty reported first-quarter 2025 revenue of $1.4 billion, up 6% from a year earlier but down 2% from the prior quarter. Net income available to common stockholders was $0.27 per diluted share, down from $0.82 a year earlier, while Core FFO rose to $1.77 per share from $1.67; the company raised its 2025 Core FFO per share outlook to $7.05 to $7.15 from $7.00 to $7.10.
Q1 2025 net income available to common stockholders of $0.27 per diluted share, versus $0.82 in Q1 2024 and $0.51 in Q4 2024
Core FFO of $1.77 per diluted share, versus $1.67 in Q1 2024 and $1.73 in Q4 2024
Adjusted EBITDA of $791 million, up 11% from Q1 2024 and 5% from Q4 2024
2025 Core FFO per share outlook raised to $7.05 to $7.15 from $7.00 to $7.10 as of February 13, 2025
Glacier Bancorp reported first-quarter 2025 net income of $54.6 million, or $0.48 per diluted share, down from the prior quarter but up sharply from the same quarter a year earlier. The company also said its acquisition of Bank of Idaho Holding Co., which had $1.3 billion in total assets, is scheduled to close on April 30, 2025.
Net income was $54.6 million, down $7.2 million (12%) from $61.8 million in the fourth quarter of 2024 and up $21.9 million (67%) from $32.6 million in the first quarter of 2024.
Diluted earnings per share were $0.48, compared with $0.54 in the prior quarter and $0.29 a year earlier.
Net interest margin was 3.04%, up from 2.97% in the prior quarter and 2.59% a year earlier.
The Bank of Idaho acquisition is scheduled to close April 30, 2025; the quarterly dividend was $0.33 per share.
Principal Financial Group reported first quarter 2025 results on April 24, 2025. GAAP net income attributable to the company fell to $48.1 million, or $0.21 per diluted share, from $532.5 million, or $2.22, a year earlier, while non-GAAP operating earnings per diluted share rose 10% to $1.81. The company also raised its second quarter 2025 common stock dividend to $0.76 per share, a 1-cent increase over the first quarter dividend.
GAAP net income attributable to PFG was $48.1 million ($0.21 per diluted share) in 1Q25, versus $532.5 million ($2.22) in 1Q24.
Non-GAAP operating earnings per diluted share were $1.81, up 10% from $1.65; non-GAAP operating earnings were $414.5 million, up 5%.
Non-GAAP net income attributable to PFG, excluding exited business, was $299.4 million ($1.31 per diluted share), down 20% from $376.4 million.
Returned $369 million to shareholders in the quarter, including $200 million of share repurchases and $169 million of common stock dividends; the dividend is payable June 27, 2025, to holders of record as of June 2, 2025.
Sallie Mae reported first-quarter 2025 GAAP diluted earnings of $1.40 per share, up from $1.27 a year earlier, and reaffirmed its full-year 2025 GAAP diluted EPS guidance of $3.00 to $3.10. Net interest income fell to $375 million from $387 million and net interest margin declined to 5.27% from 5.49%, while lower average diluted share count and higher non-interest income supported per-share earnings. For shareholders, the results show higher per-share earnings and an unchanged full-year outlook.
GAAP diluted EPS of $1.40 for Q1 2025, versus $1.27 in Q1 2024
Net income attributable to common stock of $301 million, versus $285 million a year earlier
Full-year 2025 GAAP diluted EPS guidance of $3.00 to $3.10 reaffirmed
Repurchased 1.0 million shares for $31 million in Q1 2025; $372 million capacity remaining as of March 31, 2025
Hilltop Holdings reported first-quarter 2025 income attributable to Hilltop of $42.1 million, or $0.65 diluted EPS, up from $0.42 a year earlier and $0.55 in the fourth quarter of 2024. The presentation identifies $28.7 million in pre-tax one-time items, or $0.44 of diluted EPS, so most of the year-over-year EPS gain came from nonrecurring items. PrimeLending posted an $8.3 million pre-tax loss in the quarter.
Diluted EPS of $0.65 versus $0.42 in Q1 2024 and $0.55 in Q4 2024; income attributable to Hilltop of $42.1 million
One-time items totaled $28.7 million pre-tax, led by a $30.5 million pre-tax gain on the sale of operations by a merchant banking investment
Returned $44.9 million to stockholders in Q1 2025: $33.3 million in share repurchases and $11.6 million in dividends
2025 outlook includes mortgage origination volume of $8 billion to $9.5 billion and a 22% to 24% full-year GAAP effective tax rate
NBT Bancorp reported first quarter 2025 net income of $36.7 million, or $0.77 per diluted share, up from $33.8 million, or $0.71 per diluted share, a year earlier and $36.0 million, or $0.76, in the fourth quarter of 2024. Net interest margin rose to 3.44% and the company said its planned merger with Evans Bancorp is expected to close on May 2, 2025.
Net income was $36.7 million, or $0.77 per diluted share, versus $33.8 million, or $0.71, in Q1 2024
Operating diluted EPS, a non-GAAP measure, was $0.80 versus $0.68 in Q1 2024
Net interest margin on an FTE basis was 3.44%, up 10 basis points from Q4 2024
Evans Bancorp merger expected to close May 2, 2025; conference call set for April 25, 2025 at 10:00 a.m. Eastern
Hilltop Holdings reported first-quarter 2025 income to common stockholders of $42.1 million, or $0.65 per diluted share, up from $27.7 million, or $0.42, a year earlier. The results were helped by a preliminary $30.5 million pre-tax gain from the sale of operations by a merchant bank equity investment, while noninterest income rose 17.5% to $213.3 million and the provision for credit losses increased to $9.3 million. The board also declared a $0.18 quarterly dividend payable May 22, 2025.
Income to common stockholders was $42.1 million, or $0.65 per diluted share, versus $27.7 million, or $0.42, in Q1 2024.
A preliminary pre-tax gain of $30.5 million came from the sale of operations by a merchant bank equity investment; the gain is subject to change.
Provision for credit losses was $9.3 million, compared with a reversal of $2.9 million in Q1 2024.
The board declared a $0.18 quarterly dividend payable May 22, 2025, to holders of record on May 8, 2025; Q1 buybacks totaled $33.3 million.
World Kinect reported a first-quarter 2025 GAAP net loss of $21 million, or $0.37 per diluted share, compared with net income of $27 million, or $0.45 per share, a year earlier. Revenue fell 14% to $9.45 billion and gross profit fell 9% to $230 million, while adjusted diluted earnings per share rose to $0.48 from $0.47. The loss includes a $44.5 million asset impairment and $15.0 million of restructuring charges, and the company expects an additional estimated pre-tax loss of $65 million from the April 9, 2025 sale of its U.K. land fuels business.
GAAP net loss of $21 million, or $0.37 per diluted share, versus net income of $27 million, or $0.45 per diluted share, in the first quarter of 2024
Revenue of $9.45 billion, down 14%; gross profit of $230 million, down 9%
Adjusted diluted EPS of $0.48, up from $0.47; Land segment gross profit fell 19% to $79 million
U.K. land fuels business sale completed April 9, 2025, with an additional estimated pre-tax loss of $65 million expected in the second quarter of 2025
Erie Indemnity reported first-quarter 2025 net income of $138.4 million, or $2.65 per diluted share, up from $124.6 million, or $2.38 per diluted share, a year earlier. The board also declared a quarterly Class A dividend of $1.365 per share, compared with $1.275 a year earlier, payable July 22, 2025.
Net income was $138.4 million versus $124.6 million in Q1 2024; diluted EPS was $2.65 versus $2.38.
Management fee revenue from policy issuance and renewal services increased $89.4 million, or 13.4 percent.
Commissions rose $61.1 million and non-commission expense rose $16.3 million, partly offsetting revenue gains.
Dividend of $1.365 per Class A share has a July 8, 2025 record date and a July 22, 2025 payable date.
Healthpeak reported first quarter 2025 results, with net income applicable to common shares of $42.4 million, or $0.06 per diluted share, up from $6.5 million, or $0.01, a year earlier. Diluted Nareit FFO rose to $0.45 per share from $0.27, and the company reaffirmed its full-year 2025 guidance, including diluted earnings per share of $0.30 to $0.36.
Q1 2025 diluted net income of $0.06 per share versus $0.01 in Q1 2024; diluted Nareit FFO of $0.45 versus $0.27
Diluted FFO as Adjusted of $0.46 per share versus $0.45; diluted AFFO of $0.43 versus $0.42
2025 guidance reaffirmed: diluted EPS of $0.30 to $0.36 and diluted Nareit FFO of $1.81 to $1.87 per share; monthly dividend of $0.10167 per share for April, May and June
First Financial Bancorp reported first quarter 2025 net income of $51.3 million, or $0.54 per diluted share, compared with $64.9 million, or $0.68 per share, in the fourth quarter of 2024. The results include a $9.9 million loss on sales of investment securities, and adjusted diluted EPS was $0.63; the company's diluted EPS was $0.53 in the first quarter of 2024. Management said it expects the net interest margin to expand in the near term.
Net income of $51.3 million, or $0.54 per diluted share, versus $64.9 million, or $0.68, in Q4 2024
Adjusted diluted EPS of $0.63; noninterest income of $51.1 million includes a $9.9 million loss on investment securities sales
Net interest margin of 3.84% (3.88% fully tax-equivalent), a 6 basis point decline from Q4 2024
Conference call scheduled for Friday, April 25, 2025 at 8:30 a.m. Eastern Time
Eastman reported first-quarter 2025 sales of $2.29 billion, down 1% from a year earlier, while adjusted earnings per share rose 19% to $1.91 and GAAP diluted EPS rose to $1.57 from $1.39. Cash used in operations widened to $167 million, and the company moved to quarterly adjusted EPS guidance, forecasting second-quarter adjusted EPS of $1.70 to $1.90 amid tariff uncertainty, while cutting its capital expenditure target to around $550 million.
Adjusted EPS of $1.91 versus $1.61 a year earlier; GAAP diluted EPS of $1.57 versus $1.39
Sales revenue of $2.29 billion versus $2.31 billion, with Fibers down 13 percent
Net cash used in operating activities of $167 million versus $16 million, driven by inventory build ahead of a planned second-quarter shutdown
Second-quarter 2025 adjusted EPS guidance of $1.70 to $1.90; cost reduction target raised to approximately $75 million and capital expenditures reduced to around $550 million
Associated Banc-Corp reported first-quarter 2025 net income available to common equity of $99 million, or $0.59 per diluted share, after a loss of $1.03 per share in the fourth quarter of 2024 that reflected nonrecurring items from its December 2024 balance sheet repositioning. The company said it continues to expect 2025 loan growth, net interest income growth, noninterest expense growth and an effective tax rate within its stated ranges, so the outlook was not changed in this release.
Net income available to common equity was $99 million, or $0.59 per diluted share, versus a loss of $164 million ($1.03 per share) in the prior quarter and $78 million ($0.52 per share) a year earlier.
Net interest income rose to $286 million, up $16 million from the prior quarter and $28 million from a year earlier; net interest margin was 2.97%.
Noninterest income was $59 million, compared with a loss of $207 million in the prior quarter, which included a $148 million investment securities loss and a $130 million mortgage portfolio sale loss.
The company kept its 2025 outlook: period-end loan growth of 5% to 6%, net interest income growth of 12% to 13%, and noninterest expense growth of 3% to 4%.
The Hartford reported first quarter 2025 net income available to common stockholders of $625 million, or $2.15 per diluted share, down from $748 million a year earlier. The decline was mainly driven by $467 million in property and casualty catastrophe losses before tax, including $325 million net of reinsurance from the January 2025 California Wildfire Event, and a shift from net realized gains to net realized losses. Shareholders received $550 million in capital returns during the quarter.
Net income available to common stockholders was $625 million ($2.15 per diluted share), versus $748 million ($2.47 per diluted share) in Q1 2024.
Core earnings were $639 million ($2.20 per diluted share), down 10% from $709 million.
Property and casualty current accident year catastrophe losses were $467 million before tax, including $325 million net of reinsurance from the January 2025 California Wildfire Event.
Property and casualty written premiums rose 9%, and the company returned $550 million to stockholders, including $400 million of share repurchases.
SPS Commerce reported first-quarter 2025 revenue of $181.5 million, up 21% from a year earlier, and net income of $22.2 million, or $0.58 per diluted share, versus $0.48 a year earlier. The company also issued second-quarter and full-year 2025 guidance, with full-year revenue expected at $758.5 million to $763.0 million and diluted EPS at $2.06 to $2.13.
Q1 2025 revenue $181.5 million, up 21% from $149.6 million; recurring revenue grew 23%
Q1 2025 net income $22.2 million, or $0.58 per diluted share, versus $0.48 in Q1 2024
Full-year 2025 revenue guidance $758.5 million to $763.0 million; diluted EPS $2.06 to $2.13
Q1 share repurchases totaled $40.0 million; cash and cash equivalents fell to $94.9 million after a $141.6 million acquisition
Kinsale Capital Group reported first-quarter 2025 net income of $89.2 million, or $3.83 per diluted share, down from $98.9 million, or $4.24, a year earlier. Net operating earnings, a non-GAAP measure that excludes investment fair-value changes and gains, rose to $3.71 per diluted share from $3.50, while gross written premiums grew 7.9% to $484.3 million, though the company cited about $17.8 million in after-tax catastrophe losses, mainly from the Palisades Fire.
Net income $89.2 million, $3.83 per diluted share, versus $98.9 million, $4.24 in Q1 2024
Diluted operating earnings per share $3.71, up 6.0% from $3.50
Gross written premiums rose 7.9% to $484.3 million; Commercial Property Division fell 18.4%
Combined ratio 82.1% versus 79.5%; after-tax catastrophe losses $17.8 million
Weyerhaeuser reported first quarter 2025 net earnings of $83 million, or $0.11 per diluted share, on net sales of $1.8 billion, compared with $114 million, or $0.16 per share, a year earlier. Adjusted EBITDA was $328 million, up 12 percent from the fourth quarter of 2024 but below $352 million a year earlier, and the company raised its quarterly base dividend by 5 percent.
Net earnings were $83 million, or $0.11 per diluted share, versus $114 million, or $0.16, in Q1 2024 and $81 million in Q4 2024.
Net sales were $1,763 million, compared with $1,796 million in Q1 2024 and $1,708 million in Q4 2024.
Adjusted EBITDA was $328 million, versus $352 million in Q1 2024 and $294 million in Q4 2024.
The company increased its quarterly base dividend by 5 percent and expects Q2 2025 Timberlands earnings and Adjusted EBITDA to be about $15 million lower than Q1.
Phillips Edison & Company reported first-quarter 2025 net income attributable to stockholders of $26.3 million, or $0.21 per diluted share, up from $17.7 million, or $0.14, a year earlier, and total revenues rose to $178.3 million from $161.3 million. The company raised its full-year 2025 net income per share guidance to $0.58 to $0.63 from $0.54 to $0.59, while its Nareit FFO and Core FFO per share guidance was unchanged, though the press release headline describes the guidance as affirmed.
Net income attributable to stockholders was $26.3 million, or $0.21 per diluted share, versus $17.7 million, or $0.14, in Q1 2024
Nareit FFO rose 11.2% to $89.0 million, or $0.64 per diluted share; Core FFO rose 11.2% to $90.8 million, or $0.65 per diluted share
2025 net income per share guidance is $0.58 to $0.63, up from $0.54 to $0.59; Nareit FFO and Core FFO per share guidance is unchanged at $2.47 to $2.54 and $2.52 to $2.59
Net debt to annualized Adjusted EBITDAre was 5.3x at March 31, 2025, up from 5.0x at December 31, 2024; conference call is April 25, 2025 at 12:00 p.m. Eastern Time
VeriSign reported first-quarter 2025 revenue of $402 million, up 4.7% from a year earlier, with net income of $199 million and diluted EPS of $2.10, compared with $194 million and $1.92 in the first quarter of 2024. The board also declared the company's first quarterly cash dividend, $0.77 per share, payable May 28, 2025, which adds a regular cash return for shareholders.
Revenue of $402 million, up 4.7% from the first quarter of 2024; operating income of $271 million, versus $259 million
Diluted EPS of $2.10, compared with $1.92 a year earlier; net income of $199 million, versus $194 million
Board declared a $0.77 per share cash dividend on April 23, 2025, with a record date of May 19, 2025 and payment on May 28, 2025
During the quarter, the company repurchased 1.0 million shares for $230 million; $793 million remained under the repurchase program as of March 31, 2025
Boyd Gaming reported first-quarter 2025 revenue of $991.6 million, up from $960.5 million a year earlier. Net income attributable to the company fell to $111.4 million, or $1.31 per share, from $136.5 million, or $1.40 per share, while the company's non-GAAP adjusted earnings rose to $137.7 million, or $1.62 per share, from $1.51 per share. The filing contains no updated full-year guidance.
Revenue: $991.6 million in Q1 2025 versus $960.5 million in Q1 2024.
Net income: $111.4 million, or $1.31 per diluted share, versus $136.5 million, or $1.40 per share, a year earlier.
Adjusted earnings per share: $1.62 versus $1.51 a year earlier; Adjusted EBITDAR rose to $337.5 million from $330.5 million.
Quarterly dividend of $0.18 per share paid April 15, 2025, up from $0.17; $328 million of shares repurchased in Q1, with about $312 million remaining under the authorization.
WSFS Financial reported first-quarter 2025 diluted EPS of $1.12, up from $1.09 a year earlier, with net income of $65.9 million and total net revenue of $256.1 million. Credit costs rose, including a $15.9 million charge-off of a nonperforming commercial loan, and the board raised the quarterly dividend 13% to $0.17 per share and added a repurchase authorization covering 10% of outstanding shares.
Diluted EPS was $1.12 for 1Q 2025, compared with $1.09 in 1Q 2024 and 4Q 2024; core EPS was $1.13 versus $1.11 in 4Q 2024.
Net income attributable to WSFS was $65.9 million, versus $65.8 million in 1Q 2024; total net revenue was $256.1 million, versus $251.1 million.
Provision for credit losses was $17.4 million, up from $15.1 million in 1Q 2024, driven in part by a $15.9 million charge-off of a nonperforming C&I loan.
The board approved a 13% dividend increase to $0.17 per share, payable May 23, 2025, and an additional repurchase authorization of 10% of shares outstanding at March 31, 2025.
SouthState reported first-quarter 2025 GAAP diluted EPS of $0.87, down from $1.87 in the fourth quarter of 2024, while adjusted diluted EPS (non-GAAP) rose to $2.15 from $1.93. The results reflect the Independent Bank Group acquisition, which closed in January, a $229 million securities restructuring loss offset by a $229 million sale leaseback gain, and $68.0 million in merger and restructuring expense.
GAAP diluted EPS $0.87 vs $1.87 in Q4 2024; net income $89.1 million vs $144.2 million
Adjusted diluted EPS (non-GAAP) $2.15 vs $1.93 in Q4 2024; net interest margin 3.84%
Securities portfolio restructuring net loss of $229 million offset by $229 million sale leaseback gain
Board declared $0.54 quarterly dividend, payable May 16, 2025 to holders of record May 9, 2025
Republic Services reported first-quarter 2025 net income of $495 million, or $1.58 per diluted share, up from $454 million, or $1.44 per share, a year earlier. Revenue rose 3.8% to $4.01 billion, and adjusted EBITDA margin expanded 140 basis points to 31.6%, though volume declined 1.2%. The results are a routine quarterly release, and the company also declared a $0.58 quarterly dividend payable July 15, 2025.
Net income of $495 million, or $1.58 per diluted share, versus $454 million, or $1.44, in Q1 2024
Revenue of $4,009 million, up 3.8% from $3,862 million; core price increased revenue by 6.1%
Adjusted EBITDA of $1.27 billion, a 31.6% margin, up 140 basis points from 30.2%
Quarterly dividend of $0.58 per share declared, payable July 15, 2025 to holders of record on July 2, 2025
Comfort Systems USA reported first-quarter 2025 net income of $169.3 million, or $4.75 per diluted share, up from $96.3 million, or $2.69, a year earlier, on revenue of $1.83 billion versus $1.54 billion. The company also raised its quarterly dividend to $0.45 per share from $0.40, payable May 27, 2025. Operating cash flow was negative $88.0 million, compared with positive $146.6 million a year earlier.
Q1 2025 diluted EPS was $4.75 versus $2.69 in Q1 2024; the tax provision included a $0.25 per share benefit from interest on a prior-year tax refund received in April 2025.
Revenue was $1.83 billion versus $1.54 billion; backlog was $6.89 billion at March 31, 2025, versus $5.91 billion a year earlier.
Operating cash outflows were $88.0 million, compared with inflows of $146.6 million in Q1 2024, which management attributed to payments to a key customer.
Quarterly dividend increased to $0.45 per share, a $0.05 increase; record date May 16, 2025 and payment date May 27, 2025.
Knowles reported first-quarter 2025 revenue of $132.2 million, down from $133.3 million a year earlier, and a GAAP net loss of $2.0 million after a $1.6 million loss from discontinued operations. The company guided second-quarter revenue to $135 million to $145 million, which it says is up 4% year over year, and non-GAAP diluted EPS of $0.21 to $0.25.
Q1 2025 revenue was $132.2 million, versus $133.3 million in Q1 2024 and $142.5 million in Q4 2024.
GAAP net loss was $2.0 million, or $(0.02) per diluted share, versus net earnings of $2.5 million in Q1 2024.
Non-GAAP diluted EPS was $0.18, unchanged from Q1 2024.
Q2 2025 guidance: revenue of $135 million to $145 million and non-GAAP diluted EPS of $0.21 to $0.25; Investor Day is set for May 13.
AppFolio reported first-quarter 2025 revenue of $218 million, up 16% from a year earlier, while GAAP net income fell to $31 million and GAAP diluted earnings per share fell to $0.86 from $1.05. The board also authorized a new $300.0 million share repurchase program on April 23, 2025, which replaces a $100 million program that has been substantially exhausted.
Q1 2025 revenue was $217.7 million, up from $187.4 million in Q1 2024.
GAAP net income was $31.4 million, down from $38.7 million; GAAP diluted EPS was $0.86 versus $1.05.
Non-GAAP operating income was $53 million, or 24.3% of revenue, versus $48 million, or 25.7%, a year earlier.
The new $300.0 million repurchase program has no expiration date and no minimum purchase requirement.
SkyWest reported first-quarter 2025 revenue of $948 million, up 18% from $804 million a year earlier, and net income of $101 million, or $2.42 per diluted share, compared with $60 million, or $1.45, in Q1 2024. Operating expenses rose 15% to $809 million, driven by higher aircraft maintenance costs, and net income included a $10 million discrete tax benefit. Profit grew faster than revenue in the period, though the filing gives no full-year guidance.
Revenue was $948 million in Q1 2025, up $144 million, or 18%, from $804 million in Q1 2024
Net income was $101 million, or $2.42 per diluted share, versus $60 million, or $1.45, in Q1 2024
Net income included a $10 million discrete income tax benefit, or $0.24 per diluted share
Repurchased 141,000 shares for $13.7 million in Q1 2025, leaving $34 million under the current program as of March 31, 2025
FirstCash reported first-quarter 2025 results with revenue flat at $836 million and net income up 36% to $83.6 million, or $1.87 diluted EPS versus $1.35 a year earlier. The company raised its 2025 earnings expectation for its AFF lease-to-own segment, but it expects AFF second-quarter net revenues to fall 14% to 16% from last year.
Diluted EPS $1.87 vs. $1.35 (GAAP, up 39%); adjusted diluted EPS $2.07, up 34%
Total revenue $836.4 million, flat versus $836.4 million a year earlier
Board declared a $0.38 per share second-quarter dividend, payable May 30, 2025, to holders of record May 15, 2025
Repurchased 525,000 shares for $60 million in Q1; $55 million remains under the $200 million program authorized in July 2023
Heritage Financial reported first quarter 2025 net income of $13.9 million, or $0.40 per diluted share, up from $0.34 in the fourth quarter of 2024 and $0.16 in the first quarter of 2024. The results included a $3.9 million pre-tax loss on a securities sale tied to balance sheet repositioning, which reduced earnings by $0.09 per share. The board also declared a regular quarterly cash dividend of $0.24 per share.
Net income was $13.9 million, or $0.40 per diluted share, versus $11.9 million, or $0.34, in Q4 2024 and $5.7 million, or $0.16, in Q1 2024.
Net interest margin rose to 3.44% from 3.36% in Q4 2024; deposits increased $160.7 million, or 2.8%, to $5.85 billion.
A $3.9 million pre-tax loss on sale of securities reduced diluted earnings by $0.09 per share.
The $0.24 quarterly dividend is payable May 21, 2025 to shareholders of record at the close of business on May 7, 2025.
First BanCorp. (NYSE: FBP) reported first-quarter 2025 net income of $77.1 million, or $0.47 per diluted share, up from $75.7 million, or $0.46 per share, in the fourth quarter of 2024 and $73.5 million, or $0.44 per share, a year earlier. Net interest margin widened to 4.52% and the efficiency ratio improved to 49.58%, while the provision for credit losses rose to $24.8 million and non-performing assets increased to $129.4 million.
Net income of $77.1 million, or $0.47 per diluted share, versus $75.7 million, or $0.46 per share, in Q4 2024
Net interest margin rose 19 basis points to 4.52%; non-interest expenses fell to $123.0 million from $124.5 million
Provision for credit losses rose to $24.8 million from $20.9 million, mainly for commercial and construction loans
Non-performing assets increased $11.1 million to $129.4 million, mainly from a $12.6 million Florida hospitality loan
Tootsie Roll Industries reported first quarter 2025 net sales of $146.5 million, down 3% from $151.5 million a year earlier, while net earnings rose to $18.1 million and earnings per share rose to $0.25 from $0.22. Management said customers are more resistant to higher prices and expects higher cocoa and chocolate costs for the rest of 2025 and into 2026, which will increasingly weigh on gross margins because of the company's LIFO inventory accounting.
Net sales were $146.5 million ($146,521,000) versus $151.5 million ($151,464,000), down $4.9 million or 3%.
Net earnings were $18.1 million ($18,058,000) versus $15.8 million ($15,834,000); EPS was $0.25 versus $0.22, up 14%.
Earnings benefited from higher investment income and an insurance recovery; the effective tax rate was 21.6% versus 21.4%.
Management expects even higher cocoa and chocolate costs during the balance of 2025 and into 2026 as older supply contracts expire.
Berkshire Hills Bancorp reported first-quarter 2025 results on April 24, 2025. GAAP net income was $25.7 million, or $0.56 per diluted share, compared with a loss of $20.2 million, or $(0.47) per share, a year earlier, and operating EPS was $0.60, up 22% year over year and unchanged from the prior quarter. The company also said its proposed merger with Brookline Bancorp is expected to close in the second half of 2025, subject to regulatory and stockholder approvals.
GAAP net income of $25.7 million, or $0.56 per diluted share, versus a loss of $20.2 million, or $(0.47) per share, in Q1 2024
Operating EPS of $0.60, unchanged from Q4 2024 and up 22% year over year
Net interest margin rose 10 basis points linked quarter to 3.24%; efficiency ratio improved to 59.5%
Each Brookline share would be exchanged for 0.42 Berkshire shares; closing expected in the second half of 2025
Pool Corporation reported first-quarter 2025 results on April 24, 2025, with net sales down 4% to $1.1 billion, operating income down 29%, and diluted EPS down 30% to $1.42. The company confirmed its full-year 2025 diluted EPS guidance range of $11.10 to $11.60, which includes a $0.10 per share tax benefit recorded in the quarter, so shareholders face weaker first-quarter profit with the annual outlook unchanged.
Net income fell to $53.5 million from $78.9 million; diluted EPS was $1.42 versus $2.04 a year earlier, which included a $0.24 benefit from an import tax reversal
Gross margin decreased 100 basis points to 29.2%; selling and administrative expenses rose 2% to $234.8 million
Full-year 2025 diluted EPS guidance of $11.10 to $11.60 was confirmed; net cash from operations was $27.2 million versus $145.4 million a year earlier
Sonic Automotive reported first-quarter 2025 revenue of $3.7 billion, up 8% year over year, and net income of $70.6 million, up 68%. The company included a $30.0 million pre-tax gain from cyber insurance proceeds in those results and said it updated or withdrew certain items of its 2025 guidance because of uncertainty about tariffs.
Diluted earnings per share were $2.04, up 70%; adjusted diluted earnings per share were $1.48, up 9%
EchoPark Segment posted an all-time record quarterly gross profit of $63.9 million and segment income of $10.3 million
Board approved a quarterly cash dividend of $0.35 per share, payable July 15, 2025 to holders of record on June 13, 2025
Darling Ingredients reported a first-quarter 2025 net loss attributable to the company of $26.2 million, or $0.16 per diluted share, compared with net income of $81.2 million, or $0.50 per share, a year earlier. Total net sales fell to $1.38 billion from $1.42 billion, and Combined Adjusted EBITDA fell to $195.8 million from $280.1 million, which the company attributed to lower earnings at its Diamond Green Diesel joint venture. The company reaffirmed its 2025 Combined Adjusted EBITDA guidance of $1.25 to $1.30 billion, so shareholders face weaker recent results without a guidance cut.
Net loss attributable to Darling of $26.2 million, or $0.16 per diluted share, versus net income of $81.2 million, or $0.50 per share, in Q1 2024
Total net sales of $1.38 billion versus $1.42 billion a year earlier, reflecting lower finished product pricing
Combined Adjusted EBITDA of $195.8 million versus $280.1 million; equity in net loss of Diamond Green Diesel was $30.5 million
2025 Combined Adjusted EBITDA guidance of $1.25 to $1.30 billion reaffirmed; repurchased about $35 million of common stock and paid down $146.2 million of debt in the quarter
Valero Energy reported a first-quarter 2025 net loss attributable to stockholders of $595 million, or $1.90 per share, compared with net income of $1.2 billion, or $3.75 per share, a year earlier. The loss reflects a pre-tax $1.1 billion asset impairment tied to its West Coast assets; excluding that charge, adjusted net income was $282 million, or $0.89 per share, down from $1.3 billion, or $3.84 per share.
Net loss of $595 million, or $1.90 per share, versus net income of $1.2 billion, or $3.75 per share, in Q1 2024
Adjusted net income of $282 million, or $0.89 per share, versus $1.3 billion, or $3.84 per share, in Q1 2024
Pre-tax asset impairment loss of $1.1 billion related to West Coast assets, or $877 million after tax
Revenues of $30.3 billion versus $31.8 billion, and $633 million returned to stockholders through dividends and buybacks
Freeport-McMoRan reported first-quarter 2025 net income attributable to common stock of $352 million, or $0.24 per share, down from $473 million, or $0.32 per share, a year earlier. Revenues fell to $5.73 billion from $6.32 billion, and the company said its full-year 2025 copper, gold and molybdenum sales volume guidance remains in line with its January 2025 outlook. For shareholders, the filing shows lower profit in the quarter, with the outlook for the year unchanged.
Net income attributable to common stock was $352 million, $0.24 per share, versus $473 million, $0.32 per share, in first-quarter 2024.
Revenues were $5.73 billion versus $6.32 billion a year earlier; operating income was $1.30 billion versus $1.63 billion.
Copper sales totaled 872 million pounds versus 1.1 billion pounds in first-quarter 2024; gold sales were 128 thousand ounces versus 568 thousand.
Full-year 2025 consolidated sales are expected to approximate 4.0 billion pounds of copper and 1.6 million ounces of gold, in line with January 2025 guidance.
Integer Holdings reported first-quarter 2025 sales up 7% to $437 million and non-GAAP adjusted EPS up $0.17 to $1.31, but GAAP results turned to a loss from continuing operations of $22 million, mainly from a $46.7 million debt conversion inducement expense tied to exchanging 2028 convertible notes. The company reiterated its 2025 sales growth outlook of 8% to 10% and raised its adjusted net income growth outlook to 19% to 26%. It also said CEO Joseph Dziedzic will retire effective October 24, 2025, with COO Payman Khales succeeding him.
Sales increased 7% to $437 million; organic growth was 6%
GAAP loss from continuing operations of $22 million, or $0.66 per diluted share, versus income of $20.6 million a year earlier
Non-GAAP adjusted EPS rose $0.17 to $1.31; 2025 adjusted net income growth outlook raised to 19% to 26%
Payman Khales will become President and CEO on October 24, 2025, replacing Joseph Dziedzic
Valley reported first quarter 2025 net income of $106.1 million, or $0.18 per diluted share, up from $96.3 million a year earlier but down from $115.7 million, or $0.20 per share, in the fourth quarter of 2024. Per-share earnings were flat year over year, and the CEO said lower credit provisions and a better funding base helped the quarter. The filing also furnishes investor presentation materials for the first quarter 2025 investor conference.
Net income was $106.1 million, or $0.18 per diluted share, versus $115.7 million, or $0.20, in Q4 2024 and $96.3 million, or $0.18, in Q1 2024.
Net interest margin on a tax equivalent basis rose to 2.96% from 2.92% in Q4 2024.
Provision for credit losses was $62.7 million, down from $107.0 million in Q4 2024; net loan charge-offs were $41.9 million.
Total loans fell $142.6 million to $48.7 billion and total deposits fell $110.0 million to $50.0 billion from December 31, 2024.
United Bankshares reported first-quarter 2025 net income of $84.3 million, or $0.59 per diluted share, compared with $86.8 million, or $0.64 per share, a year earlier. Net interest income reached a record $260.1 million, but the quarter included $11.3 million in merger-related noninterest expenses tied to the completed Piedmont Bancorp acquisition, which also lifted average balances and credit provisions.
Diluted EPS was $0.59, versus $0.64 in Q1 2024 and $0.69 in Q4 2024.
Net interest income was a record $260.1 million, up 17% from Q1 2024.
Merger-related noninterest expenses totaled $11.3 million, and the provision for credit losses was $29.1 million, including $18.7 million on Piedmont loans.
The company repurchased about 567 thousand shares at an average price of $34.93 and declared a $0.37 per share dividend.
S&T Bancorp reported first-quarter 2025 net income of $33.4 million, or $0.87 per diluted share, up from $31.2 million, or $0.81 per share, a year earlier and $33.1 million, or $0.86 per share, in the fourth quarter of 2024. The filing also includes supplemental earnings materials posted to its website, and the filing gives no updated guidance.
Net income of $33.4 million for Q1 2025 vs. $31.2 million for Q1 2024 and $33.1 million for Q4 2024
Diluted EPS of $0.87 vs. $0.81 in Q1 2024 and $0.86 in Q4 2024
Net interest margin (FTE, non-GAAP) rose 4 basis points to 3.81% from 3.77% in Q4 2024
Nonperforming assets fell $5.5 million to $22.4 million at March 31, 2025
Nasdaq reported first quarter 2025 net revenue of $1.2 billion, up 11% year over year, with GAAP diluted earnings per share of $0.68 versus $0.40 a year earlier. The company also updated its 2025 non-GAAP operating expense guidance to a range of $2,265 million to $2,325 million and declared a quarterly cash dividend, which the filing says was $0.24 per share in the quarter.
Net revenue of $1,237 million rose 11%; GAAP diluted EPS was $0.68, up from $0.40, and non-GAAP diluted EPS was $0.79, up 24%
Annualized Recurring Revenue reached $2.8 billion, up 8% (9% organic)
2025 non-GAAP operating expense guidance updated to $2,265 million to $2,325 million; non-GAAP tax rate guidance maintained at 22.5% to 24.5%
In the quarter, Nasdaq returned $138 million through dividends and $115 million through share repurchases, and repurchased $279 million of senior unsecured notes
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