924 material Form 8-K filings that 737 companies we cover made with the SEC in January 2026, 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).
On January 15, 2026, OneIM Acquisition Corp., a blank check company, completed its initial public offering of 28,750,000 units at $10.00 per unit, for gross proceeds of $287.5 million. The full $287.5 million, including proceeds from a $2 million private placement to its sponsor, was placed in a U.S.-based trust account. The filing does not name an acquisition target; shareholder funds remain in trust until a business combination is completed or the funds are distributed.
28,750,000 units sold at $10.00 each, including 3,750,000 units from the underwriters' over-allotment option, for gross proceeds of $287,500,000.
Each unit holds one Class A ordinary share and one-sixth of one redeemable warrant exercisable at $11.50 per share.
Private placement of 200,000 units to sponsor OneIM Sponsor LLC at $10.00 per unit, for gross proceeds of $2,000,000.
The company has until January 15, 2028 (or March 15, 2028 if a definitive agreement is signed within 24 months) to complete a business combination; deferred underwriting fees payable total $15,812,500.
BancFirst reported fourth-quarter 2025 net income of $59.5 million, or $1.75 per diluted share, up from $56.5 million, or $1.68 per diluted share, a year earlier. Net interest income rose to $127.7 million, helped by loan growth and the November 2025 acquisition of American Bank of Oklahoma, but higher noninterest expense and a drop from the third quarter's $62.7 million net income show the quarter's profit was not uniform.
Q4 2025 net income $59.5 million ($1.75 diluted EPS) vs. $56.5 million ($1.68) in Q4 2024; down from $62.7 million in Q3 2025
Net interest income $127.7 million vs. $115.9 million a year earlier; net interest margin 3.71% vs. 3.68%
Noninterest expense rose to $107.4 million from $92.3 million, driven by a $5.6 million increase in net expense from other real estate owned
Full-year 2025 net income of $240.6 million, which the CEO said was a record; American Bank of Oklahoma acquired November 17, 2025 for $33 million
Talos Energy and its subsidiary Talos Production entered an Amended and Restated Credit Agreement with JPMorgan Chase Bank as administrative agent, reaffirming a $700.0 million borrowing base and total commitments. The maturity extends to January 20, 2030, subject to an earlier springing date tied to the 9.000% notes due February 2029, which keeps the company's borrowing capacity in place and gives it longer-term access to credit.
Borrowing base and total commitments of $700.0 million, including a letter of credit sublimit of $250 million
Maturity is the earlier of January 20, 2030 and November 2, 2028, unless the 9.000% notes due February 2029 are refinanced or repaid beforehand
Covenants include a Consolidated Total Debt to EBITDAX Ratio no greater than 3.00 to 1.00 and a current ratio of at least 1.00 to 1.00
Agreement requires hedging of at least 50% of projected production from proved developed producing reserves for the first four forward quarters
Columbia Banking System reported fourth quarter 2025 net income of $215 million, or $0.72 per diluted share, up from $96 million, or $0.40, in the third quarter, with net interest income up $122 million after the Pacific Premier acquisition added two more months to the quarter. For the full year 2025, net income was $550 million, up 3%, but diluted EPS was $2.30, down 10% from $2.55, and operating EPS for the quarter was $0.82, down from $0.85 in the prior quarter.
Q4 2025 net income $215 million and diluted EPS $0.72, versus $96 million and $0.40 in Q3 2025
Q4 2025 operating diluted EPS $0.82, versus $0.85 in Q3 2025 and $0.71 in Q4 2024
Full-year 2025 net income $550 million (up 3%); diluted EPS $2.30 (down 10%)
Repurchased $100 million of common stock in the quarter; total assets $66.8 billion and deposits $54.2 billion as of December 31, 2025
Cathay General Bancorp reported unaudited net income of $90.5 million, or $1.33 per diluted share, for the fourth quarter of 2025, up from $77.7 million in the third quarter. For the full year 2025, net income was $315.1 million, or $4.54 per diluted share, compared with $286.0 million in 2024. Headline earnings improved on both a quarterly and annual basis, with lower provisions for credit losses and reduced non-performing assets supporting the results.
Q4 2025 net income $90.5 million, or $1.33 per diluted share, versus $77.7 million, or $1.13, in Q3 2025
Full-year 2025 net income $315.1 million, or $4.54 per diluted share, versus $286.0 million, or $3.95, in 2024
Net interest margin rose to 3.36% in Q4 2025 from 3.31% in Q3 2025; non-performing assets fell 26.8% year over year to $143.7 million
Conference call scheduled for January 22, 2026 at 3:00 p.m. Pacific Time
Alaska Air Group reported fourth-quarter and full-year 2025 results on January 22, 2026. Fourth-quarter revenue rose 3% to $3.6 billion, and adjusted EPS of $0.43 beat the company's prior expectation of about $0.10, but both GAAP and adjusted EPS fell sharply from a year earlier. The company guided to full-year 2026 adjusted EPS of $3.50 to $6.50 and a first-quarter adjusted loss of $0.50 to $1.50 per share.
Q4 2025 GAAP net income was $21 million, or $0.18 per share, versus $71 million, or $0.55 per share, in Q4 2024.
Q4 2025 adjusted EPS was $0.43, versus $0.97 a year earlier and the company's prior expectation of about $0.10.
Full-year 2025 adjusted EPS was $2.44, versus $4.87 in 2024; the company repurchased 11.3 million shares for $570 million in 2025.
2026 guidance: full-year adjusted EPS of $3.50 to $6.50; first-quarter adjusted EPS of ($1.50) to ($0.50).
Apogee Enterprises promoted Mark Augdahl from interim Chief Financial Officer to Executive Vice President and Chief Financial Officer, effective January 19, 2026. He previously served as the company's Chief Accounting Officer, and the filing discloses his pay package, including a $550,000 base salary and a $700,000 restricted stock grant. The change gives shareholders a permanent finance chief, though the filing contains no financial results.
Augdahl has served as interim CFO since January 7, 2026, according to the press release, and was appointed Executive Vice President and CFO effective January 19, 2026.
Offer letter dated January 15, 2026 provides a $550,000 annual base salary, a $700,000 restricted stock grant, and a $50,000 sign-on incentive.
Restricted shares vest 50% after one year and 50% after two years, subject to continued employment.
Annual short-term incentive target is 75% of base salary for fiscal 2027, with a payout range of 0% to 150% of target.
Customers Bancorp reported unaudited fourth-quarter 2025 net income available to common shareholders of $70.1 million, or $1.98 per diluted share, up from $23.3 million, or $0.71 per diluted share, a year earlier, though down from $73.7 million, or $2.20 per diluted share, in the third quarter. Full-year 2025 net income was $209.2 million, or $6.26 per diluted share, compared with $5.09 in 2024, and the company gave 2026 targets for loan and deposit growth, net interest income, non-interest expense, capital and tax rate, while Sam Sidhu became chief executive effective January 1, 2026.
Q4 2025 core earnings were $72.9 million, or $2.06 per diluted share, versus $1.36 in Q4 2024.
Net interest income was $204.4 million in Q4 2025, and full-year 2025 net interest income was a record $750.5 million.
2026 targets: loan and deposit growth of 8% to 12%, net interest income of $800 million to $830 million, and non-interest expenses of $440 million to $460 million.
Sam Sidhu became Chief Executive Officer effective January 1, 2026, and Jay Sidhu is Executive Chairman.
Glacier Bancorp reported fourth-quarter 2025 net income of $63.8 million, or $0.49 per diluted share, down from $67.9 million and $0.57 in the third quarter but up 3% in net income from a year earlier. The quarter included $36.0 million of acquisition-related expenses and $27.2 million of credit loss expense tied to the October 1, 2025 acquisition of Guaranty Bancshares, while net interest income rose 39% year over year to $266 million. For the full year 2025, net income was $239 million, up 26%, and diluted earnings per share were $1.99, up 18%.
Q4 diluted EPS was $0.49, down 14% from $0.57 in Q3 and down 9% from $0.54 a year earlier
Net interest income was $266 million, up 39% from $191 million a year earlier; net interest margin was 3.58%
Credit loss expense totaled $35.7 million; non-performing assets rose to $68.9 million from $54.3 million in Q3
Full-year 2025 net income was $239 million and dividends declared were $1.32 per share
Capital One Financial Corporation signed a merger agreement on January 22, 2026 to acquire Brex Inc., a business payments and spend management software company, for $5.15 billion in aggregate consideration. The deal is paid with about $2.75 billion in cash and about 10.6 million shares of Capital One common stock, and it is expected to close in the middle of calendar 2026 subject to closing conditions, including regulatory approvals. The filing does not state the expected effect on Capital One's earnings or share count beyond the shares to be issued.
Total consideration is $5.15 billion, subject to adjustments in the Merger Agreement.
Consideration includes about $2.75 billion in cash and about 10.6 million shares of Capital One common stock.
Closing is expected in the middle of calendar year 2026, subject to customary conditions and required regulatory approvals.
Brex founder and CEO Pedro Franceschi will continue to lead Brex as part of Capital One.
Sallie Mae reported fourth-quarter 2025 GAAP diluted EPS of $1.12, up from $0.50 a year earlier, and full-year EPS of $3.46, up from $2.68 in 2024. It also authorized a new $500 million share repurchase program and expects 2026 GAAP diluted EPS of $2.70 to $2.80, below the 2025 level. Shareholders get higher 2025 profit and new capital returns, but the 2026 outlook points to lower per-share earnings than 2025.
Q4 2025 net income was $233 million, versus $112 million in Q4 2024; full-year 2025 net income was $745 million, versus $608 million in 2024.
For 2026, the company expects GAAP diluted EPS of $2.70 to $2.80, net charge-offs of $345 million to $385 million, and non-interest expenses of $750 million to $780 million.
The board authorized a $500 million buyback starting January 22, 2026, expected to run about 24 months through February 4, 2028.
The 2024 buyback program had $33 million of capacity left as of December 31, 2025 and expires February 6, 2026.
Installed Building Products completed a $500 million private offering of 5.625% senior unsecured notes due 2034 and amended its asset-based revolving credit facility, raising commitments to $375.0 million and extending maturity to January 21, 2031. Net proceeds of about $490 million were used to fund the redemption of the company's 5.75% notes due 2028, with the remainder for fees, expenses and general corporate purposes. For shareholders, the filing describes a debt refinancing that extends maturities; it does not include new operating results.
$500 million of 5.625% senior unsecured notes due February 1, 2034, issued January 21, 2026
Net proceeds of about $490 million; $308.2 million used to fund the redemption of the 5.75% notes due 2028
The $300.0 million 2028 notes were fully redeemed on January 22, 2026 at 100.00% of principal plus accrued interest
ABL revolver commitments increased to $375.0 million and maturity extended to January 21, 2031; the press release says it is currently undrawn
Life360 released preliminary, unaudited fourth-quarter and full-year 2025 results, saying full-year revenue and Adjusted EBITDA will exceed its prior guidance. The company also expects about 20% monthly active user growth in 2026 and plans to invest in strategic growth initiatives, which may weigh on margins. Full results and detailed 2026 guidance are due on a March 2, 2026 investor call.
Full-year 2025 revenue expected at $486-489 million, about 31-32% year-over-year growth
Full-year 2025 Adjusted EBITDA expected at $87-92 million, about an 18-19% margin
Q4 2025 monthly active users reached 95.8 million; Paying Circles reached 2.8 million
Investor call with CEO Lauren Antonoff and CFO Russell Burke set for March 2, 2026 PT
United Therapeutics appointed Kevin J. Tracey, M.D., to its Board of Directors on January 21, 2026, increasing the Board to 13 members. The Board also adopted an Eleventh Amended and Restated Bylaws, which lowers the shareholder vote needed to alter, repeal, or amend the bylaws from 80% to a majority of voting power and adds a cure process for certain director nomination notices.
Kevin J. Tracey, M.D., joined the Board on January 21, 2026; he will not serve on a Board committee initially.
Board size increased to 13 members; Dr. Tracey received 1,220 restricted stock units on January 21, 2026.
Shareholder vote needed to amend the bylaws drops from 80% to a majority of voting power of outstanding shares entitled to vote generally in director elections.
Bylaws now allow shareholders to cure certain deficiencies in director nomination notices within the specified time period.
On January 15, 2026, Worthington Steel and its German subsidiary Worthington Steel GmbH signed a business combination agreement with Kloeckner & Co SE, under which the subsidiary will launch a voluntary cash takeover offer for Kloeckner shares at €11.00 each. The company expects the deal to be substantially accretive to EPS within the first full year and to generate about $150 million of annual run-rate synergies, but it anticipates pro forma net leverage of about 4.0x at closing, with a goal of getting below 2.5x within 24 months.
Offer price is €11.00 in cash per Kloeckner share, with closing conditions including acceptance by holders of at least 65% of Kloeckner shares.
SWOCTEM GmbH, which owns approximately 42% of Kloeckner shares, agreed in an Irrevocable Undertaking to accept the offer.
The company's Equity Commitment Letter provides financing of up to €1,632,000,000, and Worthington expects pro forma net leverage of about 4.0x including synergies at closing.
Closing is expected in the second half of calendar 2026, and the regulatory condition must be satisfied by the Long Stop Date, 12 months after the initial acceptance period expires.
Wells Fargo filed a court-authorized notice of a proposed settlement of a shareholder derivative lawsuit over its home mortgage lending and diversity-related hiring practices. The settlement would require $100 million in mortgage assistance and a $10 million payment from an insurer to the company, and the defendants deny the allegations.
The company must fund $100 million in mortgage assistance within 90 calendar days after the Effective Date, with programs lasting at least three years.
An insurer will pay Wells Fargo $10 million on behalf of the director defendants within 30 calendar days of the Effective Date.
Plaintiffs' counsel intends to seek a $27.5 million fee and expense award, separate from the $100 million and $10 million amounts.
A final approval hearing is set for May 5, 2026, and objections are due by April 14, 2026.
JPMorgan Chase's independent board approved 2025 annual compensation of $43 million for CEO James Dimon, up from $39 million last year. The filing says the pay reflects record 2025 revenue of $185.6 billion and net income of $57.0 billion, and that 88% of his variable incentive pay is in performance share units tied to return on tangible common equity.
Total 2025 pay of $43 million: $1.5 million base salary and $41.5 million variable incentive pay
Of the variable pay, $5 million is paid in cash and $36.5 million in performance share units
The firm reported 2025 net income of $57.0 billion, or $20.02 per share, and ROTCE of 20%
The quarterly common dividend was raised from $1.25 to $1.50 per share
Eastern Bankshares reported fourth quarter 2025 results on January 22, 2026. GAAP net income fell to $99.5 million, or $0.46 per diluted share, from $106.1 million, or $0.53, in the third quarter, while operating net income rose to $94.7 million, or $0.44 per diluted share, from $74.1 million. The quarter includes a partial-quarter impact from the November 1, 2025 HarborOne merger, and the board declared a $0.13 quarterly dividend payable March 20, 2026.
GAAP net income of $99.5 million, or $0.46 per diluted share, versus $106.1 million, or $0.53, in the third quarter of 2025
Operating net income of $94.7 million, or $0.44 per diluted share, up 27.8% from $74.1 million
Non-operating noninterest expense of $33.4 million, including $26.7 million in higher merger-related costs
Quarterly cash dividend of $0.13 per share, payable March 20, 2026, to shareholders of record as of March 6, 2026
Cohen & Steers reported fourth-quarter 2025 revenue of $143.8 million, up 2.9% from a year earlier, but U.S. GAAP diluted EPS fell to $0.68 from $0.89, reflecting $10.8 million of non-recurring expenses tied to a closed-end fund rights offering that raised $513 million. Adjusted diluted EPS was $0.81 versus $0.78 a year earlier, and full-year 2025 revenue rose 7.5% to $556.1 million while GAAP diluted EPS was flat at $2.97. Assets under management ended the year at $90.5 billion, down 0.4% in the quarter, with net inflows of $1.2 billion.
Q4 2025 revenue was $143.8 million, up 1.5% from Q3 2025 and 2.9% from Q4 2024.
Q4 2025 U.S. GAAP diluted EPS was $0.68, versus $0.89 in Q4 2024; as adjusted EPS was $0.81 versus $0.78.
Full-year 2025 revenue was $556.1 million, up 7.5%; diluted EPS was $2.97, or $3.09 as adjusted.
Assets under management were $90.5 billion at December 31, 2025, with Q4 net inflows of $1.2 billion.
Independent Bank Corp. (INDB) reported fourth-quarter 2025 net income of $75.3 million, or $1.52 per diluted share, up from $34.3 million, or $0.69, in the third quarter. The third quarter included merger costs and a one-time credit loss provision tied to its Enterprise Bancorp acquisition, and operating net income, a non-GAAP measure, rose to $84.4 million, or $1.70 per share, from $77.4 million, or $1.55.
Net income was $75.3 million, or $1.52 per diluted share, versus $34.3 million, or $0.69, in Q3 2025.
Operating net income, a non-GAAP measure, was $84.4 million, or $1.70 per diluted share, versus $77.4 million, or $1.55, in Q3 2025.
Net interest income rose 4.5% to $212.5 million, and the net interest margin was 3.77%, up 15 basis points.
The company repurchased about 548,000 shares for $37.5 million, and tangible book value per share reached $47.55 at December 31, 2025, up $1.04 from the prior quarter.
Associated Banc-Corp reported fourth-quarter 2025 earnings available to common equity of $134 million, or $0.80 per diluted share, compared with a loss in the same quarter of 2024 that the filing ties to a balance sheet repositioning. Full-year 2025 earnings were $463 million, or $2.77 per diluted share, and the company issued 2026 outlook figures for loans, deposits, net interest income, noninterest income, expense, and taxes, all excluding its pending acquisition of American National Corporation.
Q4 2025 earnings were $134 million, or $0.80 per diluted share, versus a loss of $164 million ($1.03 per share) in Q4 2024 and earnings of $122 million ($0.73 per share) in Q3 2025.
Full-year 2025 earnings were $463 million, or $2.77 per diluted share, compared with $112 million ($0.72 per share) in 2024.
For 2026, the company expects period-end loan growth of 5% to 6%, net interest income growth of 5.5% to 6.5%, and noninterest expense growth of 3%.
The CET1 capital ratio was 10.49% at December 31, 2025.
Capital One reported fourth-quarter 2025 net income of $2.1 billion, or $3.26 per diluted share, up from $2.67 a year earlier but down from $4.83 in the third quarter. On January 22, 2026, it also agreed to acquire Brex Inc. for $5.15 billion, with about 50% cash and 50% stock, which adds a large deal shareholders will need to weigh.
Q4 2025 net income $2.1 billion, or $3.26 per diluted share, versus $4.83 in Q3 2025 and $2.67 in Q4 2024
Company-defined adjusted EPS, excluding adjusting items, was $3.86 per diluted share
Total net revenue rose 1% from Q3 to $15.6 billion; provision for credit losses rose $1.4 billion to $4.1 billion
Brex acquisition agreed January 22, 2026 for $5.15 billion, about 50% cash and 50% stock
Urban Edge Properties' operating partnership entered a restated credit agreement and a separate term loan agreement on January 22, 2026. The revolver shrinks from $800 million to $700 million, but its maturity moves from February 2027 to June 2030, and $250 million of delayed-draw term loans are added, for total committed facilities of $950 million with no amounts currently drawn. For shareholders, the filing adds borrowing capacity and extends maturities, while the agreements include leverage and coverage covenants.
Revolving credit facility reduced from $800 million to $700 million; maturity extended from February 9, 2027 to June 28, 2030, with two 6-month extension options
Five-year term facility of $125 million maturing June 30, 2031, and seven-year term facility of $125 million maturing January 22, 2033, both with a twelve-month delayed-draw feature
Current margins are 1.00% over SOFR for revolver loans, 1.15% for five-year term loans and 1.50% for seven-year term loans; facility fee is 0.15%
No amounts are currently drawn; the agreements include a 60% total debt to capitalization limit and accordion features
Alcoa reported fourth quarter and full year 2025 results on January 22, 2026. Full year net income attributable to Alcoa was $1.2 billion, or $4.42 per diluted share, compared with $60 million, or $0.26 per share, in 2024, and revenue rose 8 percent to $12.8 billion. For shareholders, the company also guided to higher 2026 alumina and aluminum production, though it expects first quarter 2026 segment EBITDA to fall sequentially.
Full year 2025 revenue of $12.8 billion, up from $11.895 billion in 2024, with net income of $1.170 billion attributable to Alcoa
Fourth quarter 2025 net income of $226 million, or $0.85 per diluted share, versus $232 million, or $0.88, in the third quarter
2026 outlook: Alumina production of 9.7 to 9.9 million metric tons and Aluminum production of 2.4 to 2.6 million metric tons
First quarter 2026 expected sequential EBITDA headwinds of $30 million in Alumina and $70 million in Aluminum
Intel reported fourth-quarter 2025 revenue of $13.7 billion, down 4% year-over-year, with a GAAP loss of $(0.12) per share and non-GAAP earnings of $0.15 per share, up 15%. For the first quarter of 2026, Intel forecast revenue of $11.7 billion to $12.7 billion and non-GAAP EPS of $0.00, which shareholders should weigh against the higher fourth-quarter revenue level.
Q4 2025 revenue was $13.7 billion, down 4% year-over-year; GAAP net loss attributable to Intel was $(591) million.
Non-GAAP EPS was $0.15, up 15% from $0.13 a year earlier; GAAP EPS was $(0.12).
Q1 2026 revenue forecast is $11.7 billion to $12.7 billion; GAAP EPS expected at $(0.21) and non-GAAP EPS at $0.00.
Full-year 2025 revenue was $52.9 billion, flat year-over-year; full-year GAAP EPS was $(0.06).
Pathward Financial reported net income of $35.2 million, or $1.57 per share, for the three months ended December 31, 2025, up from $30.0 million, or $1.23 per share, a year earlier. Net interest income and noninterest income both declined, while lower credit loss provisions helped lift profit, and nonperforming loans rose sharply from a year earlier.
Net income of $35.2 million, or $1.57 per share, versus $30.0 million, or $1.23 per share, in the prior-year quarter
Net interest income fell 5% to $119.3 million; net interest margin was 6.95% versus 7.38% a year earlier
Provision for credit losses was $3.2 million versus $18.7 million; nonperforming loans rose to $109.1 million from $35.2 million
Repurchased 651,804 shares at an average price of $72.07; 4,286,012 shares remained available under the program as of December 31, 2025
East West Bancorp reported record full-year 2025 net income of $1.3 billion, or $9.52 per diluted share, both up 14% from 2024, with revenue up 12% to $2.9 billion. Fourth-quarter net income was $356 million, or $2.55 per diluted share, down 3.3% from the third quarter. The board raised the quarterly common stock dividend by 33% to $0.80 per share, which increases the cash returned to shareholders.
Full-year 2025 net income was $1.3 billion, or $9.52 per diluted share, up 14% year-over-year.
Full-year 2025 revenue was $2.9 billion, up $318 million, or 12%.
Fourth-quarter 2025 net income was $356 million, or $2.55 per diluted share, down 3.3% from the third quarter.
Quarterly dividend raised to $0.80 per share from $0.60, payable February 17, 2026 to holders of record as of February 2, 2026.
SouthState Bank reported fourth-quarter 2025 diluted earnings per share of $2.46, up 32% from a year earlier, on net income of $247.7 million. The board also approved a repurchase plan of up to 5,560,000 shares, effective through December 31, 2027, and declared a $0.60 quarterly dividend.
Q4 2025 net income was $247.7 million versus $144.2 million in Q4 2024; Q3 2025 net income was $246.6 million
Net interest income was $581 million, down $19 million from the prior quarter; net interest margin was 3.85% versus 4.05% in Q3 2025
Repurchase plan of up to 5,560,000 shares runs through December 31, 2027; it does not obligate the company to buy any specific number of shares
Quarterly dividend of $0.60 per share is payable February 13, 2026 to holders of record as of February 6, 2026
Intuitive reported fourth-quarter 2025 revenue of $2.87 billion, up 19% from a year earlier, and GAAP diluted earnings of $2.21 per share, up from $1.88. For 2026, the company expects worldwide da Vinci procedure growth of 13% to 15%, compared with 18% in 2025, and a non-GAAP gross profit margin of 67% to 68% that includes an estimated 1.2% of revenue tariff impact.
Q4 2025 revenue was $2.87 billion, up 19% from $2.41 billion in Q4 2024.
GAAP net income attributable to Intuitive was $795 million, or $2.21 per diluted share, versus $686 million, or $1.88, a year earlier.
Da Vinci system placements were 532, including 303 da Vinci 5 systems, versus 493 in Q4 2024.
2026 outlook: da Vinci procedure growth of 13% to 15%, non-GAAP operating expense growth of 11% to 15%, and tariffs estimated at 1.2% of revenue.
CSX reported fourth quarter 2025 revenue of $3.51 billion, down 1% from a year earlier, as lower merchandise volume and reduced export coal revenue offset higher pricing. Net earnings were $720 million, or $0.39 per share, versus $733 million, or $0.38 per share, a year earlier, but the prior-year figure excluded a goodwill impairment, and the quarter included about $50 million in severance and technology costs. For the full year, EPS fell 14% to $1.54 and revenue fell 3% to $14.09 billion, which matters to shareholders because the earnings trend weakened over the year.
Q4 2025 revenue was $3.51 billion, down 1% year over year; operating margin was 31.6% versus 31.3% a year earlier.
Q4 2025 EPS was $0.39 versus $0.38 in Q4 2024; prior-year adjusted EPS was $0.42 excluding a goodwill impairment.
Full-year 2025 EPS was $1.54 versus $1.79 in 2024, down 14%; full-year net earnings were $2.89 billion versus $3.47 billion.
Full-year 2025 results include a $164 million goodwill impairment charge recorded in the third quarter.
Deere & Company said CFO Joshua Jepsen will resign as Senior Vice President and Chief Financial Officer effective February 19, 2026, and that the departure is not related to any financial or accounting issue. Ryan D. Campbell, currently President of Worldwide Construction & Forestry and Power Systems, will serve as acting CFO on an interim basis while the company searches for a permanent replacement.
Joshua A. Jepsen resigned as SVP and CFO, effective February 19, 2026; notice given January 20, 2026
Ryan D. Campbell, age 51, appointed acting CFO, principal financial and accounting officer, effective February 19, 2026
Campbell previously served as Deere's CFO from March 2019 to May 2022
Company intends to search internal and external candidates for a permanent CFO
Heritage Financial reported fourth quarter 2025 net income of $22.2 million, or $0.65 per diluted share, up from $19.2 million, or $0.55 per share, in the third quarter. Net interest margin rose to 3.72% and total deposits increased $62.7 million, while classified loans rose $22.4 million from the prior quarter. The company said the acquisition of Olympic Bancorp is expected to close on or about January 31, 2026, subject to customary closing conditions.
Net income was $22.2 million for Q4 2025, versus $19.2 million in Q3 2025 and $11.9 million in Q4 2024.
Diluted EPS was $0.65 for Q4 2025, versus $0.55 in Q3 2025 and $0.34 in Q4 2024; adjusted diluted EPS was $0.66.
Net interest margin increased 8 basis points to 3.72%, and the company declared a $0.24 quarterly dividend payable February 11, 2026.
Procter & Gamble reported flat organic sales and flat core earnings per share for the quarter ended December 31, 2025, while diluted EPS fell to $1.78 from $1.88 after a $0.10 restructuring charge. The company maintained its fiscal 2026 organic sales, net sales and core EPS growth guidance, which matters to shareholders because it signals no change to the full-year outlook despite soft quarterly volume.
Organic sales growth was 0%, with organic volume down 1% and pricing up 1%.
Core EPS was $1.88, flat year over year; currency-neutral core EPS was $1.85, down 2%.
Diluted EPS was $1.78 versus $1.88 a year earlier, including $0.10 of incremental restructuring.
FY 2026 guidance: organic sales growth 0% to +4%, core EPS growth 0% to +4%, and all-in EPS growth 1% to 6%.
Commerce Bancshares reported fourth quarter 2025 diluted earnings per share of $1.01, up from $0.96 a year earlier but flat with the third quarter, and net income of $140.7 million. For the full year, EPS was $4.04 versus $3.69 in 2024, and the company closed its FineMark acquisition on January 1, 2026. Higher full-year earnings and the completed acquisition are the main items for shareholders to note.
Q4 2025 EPS of $1.01 vs. $0.96 in Q4 2024 and $1.01 in Q3 2025
Q4 2025 net income of $140.7 million vs. $136.1 million a year earlier and $141.5 million in Q3 2025
Full-year 2025 EPS of $4.04 and net income of $566.3 million, vs. $3.69 and $526.3 million in 2024
FineMark acquisition closed January 1, 2026; FineMark had $2.7 billion in loans and $3.1 billion in deposits at December 31, 2025
Autodesk announced a restructuring plan that will eliminate about 1,000 roles, roughly 7% of its workforce, with most cuts in customer-facing sales, and expects $135 million to $160 million in pre-tax charges. The company also said fourth-quarter and full-year fiscal 2026 billings, revenue, non-GAAP operating margin, non-GAAP earnings per share and free cash flow are now expected to be above the top end of its prior guidance, so shareholders face a higher near-term charge alongside stronger expected results.
About 1,000 employees, roughly 7% of the workforce, to be terminated, with a significant portion in customer-facing sales.
Expected pre-tax restructuring charges of $135 million to $160 million, with $90 million to $110 million recorded in the fourth quarter of fiscal 2026.
Fourth-quarter and full-year fiscal 2026 billings, revenue, non-GAAP operating margin, non-GAAP EPS and free cash flow now expected above the top end of guidance given November 25, 2025.
Plan expected to be completed by the end of the fourth quarter of fiscal 2027; charges to be excluded from non-GAAP measures.
ACM Research updated its 2025 revenue outlook to $885 million to $900 million, down from the $875 million to $925 million range it gave on November 5, 2025, and issued an initial 2026 revenue outlook of $1,080 million to $1,175 million. The 2025 figures are preliminary and subject to audit, with full results due in late February 2026, so shareholders will get the audited numbers later.
2025 revenue outlook narrowed to $885 million to $900 million, from $875 million to $925 million in the November 5, 2025 release
Initial 2026 revenue outlook of $1,080 million to $1,175 million, based on trade policy, customer spending, and supply chain assumptions
Full-year and fourth-quarter 2025 results expected in late February 2026; 2025 figures remain subject to audit
Old Republic reported fourth-quarter 2025 net income of $206.3 million, up from $105.1 million a year earlier. Net income excluding investment gains (losses) fell 18.6% to $184.7 million, and operating EPS was $0.74 versus $0.90, as the combined ratio rose to 96.0% from 92.7%. Net premiums and fees earned rose 9.8% to $2.1 billion, but the core insurance profit measure declined for shareholders.
Net income of $206.3 million versus $105.1 million, including $21.5 million net of tax investment gains
Net income excluding investment gains of $184.7 million versus $227.0 million, down 18.6%
Operating EPS of $0.74 versus $0.90; combined ratio of 96.0% versus 92.7%
Net premiums and fees earned of $2.1 billion, up 9.8%; total capital returned to shareholders of $742 million in the quarter
Freeport-McMoRan reported fourth-quarter 2025 net income attributable to common stock of $406 million, or $0.28 per share, up from $274 million, or $0.19 per share, a year earlier. Operating income fell to $811 million from $1,243 million, and the company cited $282 million in after-tax charges, mainly tied to the September 2025 mud rush incident at PTFI's Grasberg mine, which remains partly shut. The company expects a phased restart of the Grasberg Block Cave mine beginning in the second quarter of 2026.
Q4 2025 revenues were $5,633 million, compared with $5,720 million in Q4 2024; adjusted net income was $688 million, or $0.47 per share.
Full-year 2025 net income was $2,204 million, or $1.52 per share, versus $1,889 million, or $1.30 per share, in 2024.
For 2026, consolidated copper sales are expected to approximate 3.4 billion pounds and capital expenditures about $4.3 billion.
Operating cash flows for 2026 would approximate $8 billion at assumed prices, or $11 billion at recent prices, per the filing.
United Bankshares reported record 2025 net income of $464.6 million, or $3.27 per diluted share, up from $373.0 million, or $2.75 per diluted share, in 2024. Fourth-quarter net income was $128.8 million, or $0.91 per diluted share, slightly below the third quarter but up from the fourth quarter of 2024, and net interest income reached a record $287.5 million. Results reflect the Piedmont Bancorp acquisition completed on January 10, 2025.
Full-year 2025 net income was $464.6 million, or $3.27 per diluted share, versus $373.0 million, or $2.75, in 2024.
Q4 2025 net income was $128.8 million, or $0.91 per diluted share, versus $130.7 million, or $0.92, in Q3 2025 and $94.4 million, or $0.69, in Q4 2024.
Q4 2025 net interest income was a record $287.5 million, up 3% from Q3 2025 and 24% from Q4 2024; net interest margin was 3.83%.
Q4 2025 noninterest income was $30.9 million, down 28% from Q3 2025.
OFG Bancorp reported fourth-quarter 2025 results, with diluted EPS of $1.27 versus $1.09 in 4Q24 and $1.16 in 3Q25, and total core revenues of $185.4 million versus $181.9 million a year earlier. For full year 2025, diluted EPS was $4.58 versus $4.23 in 2024, and core revenues were $729.8 million versus $709.6 million. Management attributed the quarter's EPS growth partly to a favorable tax benefit, and non-interest expense and credit losses rose.
4Q25 diluted EPS of $1.27, up from $1.16 in 3Q25 and $1.09 in 4Q24
4Q25 income tax was a benefit of $8.5 million, including $16.8 million in discrete tax benefits
Non-interest expense rose to $105.0 million from $96.5 million in 3Q25; provision for credit losses was $31.9 million
Share repurchases totaled $40.1 million in 4Q25 and $91.6 million for the full year 2025
Abbott reported fourth-quarter 2025 sales of $11.459 billion, up 4.4 percent, and adjusted diluted EPS of $1.50, up 12 percent. GAAP diluted EPS fell to $1.01 from $5.27, mainly because the prior-year quarter included a $7.497 billion non-cash tax benefit. Abbott projects 2026 organic sales growth of 6.5% to 7.5% and adjusted diluted EPS of $5.55 to $5.80.
Full-year 2025 sales were $44.3 billion, up 5.7 percent, and adjusted diluted EPS was $5.15, up 10 percent
Full-year 2025 GAAP diluted EPS was $3.72, down from $7.64 in 2024, which included a $7.497 billion non-cash tax benefit
Abbott expects first-quarter 2026 adjusted diluted EPS of $1.12 to $1.18
The pending Exact Sciences acquisition is expected to close in the second quarter of 2026
McCormick reported fourth-quarter and fiscal 2025 results for the period ended November 30, 2025, with net sales up 3% in the quarter and adjusted earnings per share of $0.86 versus $0.80 a year earlier. The company also issued fiscal 2026 guidance for adjusted earnings per share of $3.05 to $3.13 and net sales growth of 13% to 17%, reflecting the January 2, 2026 acquisition of a controlling interest in McCormick de Mexico.
Q4 2025 net sales rose 3% to a level tied to a 2.9% reported increase; adjusted EPS was $0.86 versus $0.80 in Q4 2024
Fiscal 2025 adjusted EPS was $3.00 versus $2.95 in 2024; reported EPS was $2.93 versus $2.92
Fiscal 2026 guidance: adjusted EPS of $3.05 to $3.13 (2% to 5% growth), net sales growth of 13% to 17%, and adjusted operating income growth of 16% to 20%
The board authorized a 7% increase to the quarterly dividend, the 40th consecutive year of dividend increases
S&T Bancorp reported fourth quarter 2025 net income of $34.0 million, or $0.89 per diluted share, up from $0.86 a year earlier but down from $0.91 in the third quarter. Full-year 2025 net income rose to $134.2 million, or $3.49 per diluted share, from $3.41 in 2024. The board also authorized a new $100 million share repurchase program that replaces the existing one effective January 26, 2026.
Q4 2025 net income $34.0 million, $0.89 per diluted share, versus $0.86 in Q4 2024 and $0.91 in Q3 2025
Full-year 2025 net income $134.2 million and EPS $3.49, versus $131.3 million and $3.41 in 2024
Q4 2025 net charge-offs rose to $11.0 million from $2.4 million in Q3 2025, primarily related to nonperforming asset resolutions
New $100 million buyback runs through February 1, 2027; the remaining capacity under the prior program was terminated
Northern Trust reported fourth-quarter 2025 net income of $466.0 million, or $2.42 per diluted share, up from $455.4 million and $2.26 a year earlier, and total revenue on a fully taxable equivalent basis rose 8% to $2,135.8 million. Full-year 2025 net income fell 14% to $1,736.9 million, and diluted EPS fell to $8.74 from $9.77, as the company's 2024 results included a large Other Operating Income figure. The quarter included $58.8 million of pre-tax severance charges, and the filing gives no financial guidance for 2026.
Q4 2025 diluted EPS was $2.42, compared with $2.29 in Q3 2025 and $2.26 in Q4 2024.
Q4 2025 Noninterest Expense rose 9% year over year to $1,497.3 million, including $58.8 million of pre-tax severance-related charges.
Full-year 2025 net income was $1,736.9 million, down 14% from $2,031.1 million in 2024.
The company returned $521.6 million to common shareholders in Q4 2025 through dividends and share repurchases, and its quarterly common dividend was $0.80 per share.
Procter & Gamble reported fiscal second-quarter 2026 net sales of $22.2 billion, up 1%, while organic sales were unchanged and diluted EPS fell 5% to $1.78 on higher restructuring charges. The company lowered its fiscal 2026 diluted EPS growth outlook to 1% to 6% from 3% to 9%, but kept its core EPS, sales and cash return guidance, so shareholders face lower reported earnings even as underlying results held steady.
Net sales of $22.2 billion, up 1%; organic sales unchanged for the quarter ended December 31, 2025.
Diluted EPS of $1.78, down 5%; core EPS of $1.88, unchanged from the prior year.
Fiscal 2026 diluted EPS growth outlook cut to 1% to 6% from 3% to 9%; core EPS growth outlook of in-line to up 4% maintained.
Returned $4.8 billion to shareowners in the quarter: $2.5 billion in dividends and $2.3 billion in share repurchases.
Atlantic Union Bankshares reported fourth-quarter and full-year 2025 results, with Q4 net income available to common shareholders of $109.0 million, or $0.77 per diluted share, and adjusted diluted operating EPS of $0.97. Net interest income rose $11.0 million from the third quarter to $330.2 million, and the provision for credit losses fell to $2.2 million from $16.2 million, while merger-related costs of $38.6 million from the Sandy Spring acquisition continued to weigh on reported results.
Q4 2025 net income available to common shareholders $109.0 million; diluted EPS $0.77; adjusted diluted operating EPS $0.97
Full-year 2025 net income available to common shareholders $261.8 million; diluted EPS $2.03; adjusted diluted operating EPS $3.44
Q4 net interest income $330.2 million, up $11.0 million from Q3; net interest margin rose 13 basis points to 3.90%
Q4 merger-related costs $38.6 million; quarterly common dividend $0.37 per share, up $0.03 (8.8%)
Huntington reported fourth-quarter 2025 GAAP net income of $519 million, or $0.30 per share, down 17% from the third quarter and 2% from a year earlier, including $130 million of pre-tax notable items, mainly $154 million of acquisition-related expenses. Total revenue on a fully taxable-equivalent basis rose 2% from the third quarter to $2.191 billion, driven by higher net interest income. Shareholders face lower reported profit this quarter, while the Cadence Bank partnership is expected to close February 1, 2026.
GAAP net income was $519 million, or $0.30 per share, versus $629 million, or $0.41 per share, in the third quarter of 2025.
Adjusted EPS, a non-GAAP measure excluding notable items, was $0.37.
Net interest income rose $86 million, or 6%, from the third quarter, and noninterest expense reached $1.42 billion.
Tangible book value per common share was $9.89, up from $9.54 in the third quarter; Cadence closing is anticipated February 1, 2026.
Life Time Group Holdings (NYSE: LTH) released preliminary, unaudited fourth-quarter and full-year 2025 results and introduced select fiscal 2026 guidance. Full-year 2025 revenue and adjusted EBITDA were estimated to rise, but the company's 2025 net income included about $49 million of tax-effected one-time gains, and its 2026 net income guidance is below the 2025 level, which may matter to shareholders assessing earnings quality.
Full-year 2025 total revenue is estimated at $2,993 to $2,995 million, up 14.2%; fourth-quarter revenue is estimated at $743 to $745 million, up 12.2%.
Full-year 2025 net income is estimated at $371 to $374 million, up 138.5%, and includes about $49 million of tax-effected items such as payroll tax credits and a legal settlement payment.
Fiscal 2026 guidance calls for total revenue of $3,300 to $3,330 million and net income of $330 to $336 million, a 10.6% decline at the midpoint.
The company plans to release full fourth-quarter and fiscal 2025 results on February 24, 2026, and the figures are subject to change after the audit.
GE Aerospace reported fourth-quarter and full-year 2025 results and initiated 2026 guidance, with fourth-quarter GAAP revenue of $12.7 billion, up 18%, and GAAP continuing EPS of $2.31, up 32%. The company expects 2026 adjusted EPS of $7.10 to $7.40, compared with $6.37 in 2025, along with operating profit of $9.85 billion to $10.25 billion and free cash flow of $8.0 billion to $8.4 billion.
Q4 2025 GAAP total revenue $12.7 billion, up 18%; GAAP profit $2.9 billion, up 24%; adjusted EPS $1.57, up 19%.
Q4 2025 GAAP continuing EPS $2.31, up 32%, versus $1.75 a year earlier.
2026 guidance: adjusted EPS $7.10 to $7.40 (2025: $6.37); operating profit $9.85 billion to $10.25 billion; free cash flow $8.0 billion to $8.4 billion.
Full-year 2025 adjusted revenue $42.3 billion, up 21%; company cites a backlog of roughly $190 billion.
CVB Financial Corp. reported fourth-quarter 2025 net earnings of $55.0 million, or $0.40 per diluted share, up from $52.6 million and $0.38 in the third quarter of 2025 and from $50.9 million and $0.36 in the fourth quarter of 2024. For the full year 2025, net earnings were $209.3 million, or $1.52 per share, compared with $200.7 million, or $1.44 per share, in 2024.
Q4 2025 net earnings $55.0 million, $0.40 diluted EPS, versus $52.6 million and $0.38 in Q3 2025
Q4 2025 net interest margin 3.49%, up from 3.33% in Q3 2025 and 3.18% in Q4 2024
Full year 2025 net earnings $209.3 million, $1.52 per share, versus $200.7 million and $1.44 in 2024
Company repurchased 4,321,777 shares in 2025 at an average price of $18.60, totaling $80.4 million
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