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).
Houlihan Lokey reported third-quarter fiscal 2026 revenues of $717 million, up from $634 million a year earlier, and GAAP diluted EPS of $1.70, up from $1.39. The company also declared a $0.60 quarterly dividend per share, payable March 15, 2026, which matters to shareholders because higher earnings were paired with a continued cash dividend.
Revenue by segment: Corporate Finance $474 million (up 12%), Financial Restructuring $156 million (up 19%), Financial and Valuation Advisory $87 million (up 6%)
Adjusted diluted EPS (non-GAAP) was $1.94, compared with $1.64 a year earlier
Dividend of $0.60 per share, record date March 2, 2026, payable March 15, 2026
Unrestricted cash and investment securities totaled $1.18 billion as of December 31, 2025
Source Capital announced the U.S. federal income tax treatment of its 2025 dividends and a $2.50739554 per share deemed distribution to shareholders of record as of December 31, 2025. The fund retained net long-term capital gains instead of paying them in cash, so shareholders receive a tax credit for the 21% corporate tax paid on their behalf and increase their tax basis in their shares.
Deemed distribution of $2.50739554 per share to shareholders of record on December 31, 2025, with no cash payment date
Fund pays 21% federal tax on the retained gains, or $0.52655306 per share, and shareholders increase their tax basis by $1.98084248 per share
2025 monthly dividends totaled $2.499600 per share: $1.798464 ordinary income and $0.701136 long-term capital gain distributions
Tax forms (IRS Form 2439) to be mailed in January 2026, with shareholders contacting their brokers or Equiniti Trust Company if not received by March 2026
Southside Bancshares reported fourth-quarter 2025 net income of $21.0 million, down 3.7% from $21.8 million a year earlier, with diluted EPS of $0.70 versus $0.71. The decline came from a $7.3 million loss on the sale of available-for-sale securities, which offset higher net interest income of $57.2 million. For the full year, net income fell 21.8% to $69.2 million and diluted EPS fell to $2.29 from $2.91.
Q4 2025 net income $21.0 million vs. $21.8 million in Q4 2024; diluted EPS $0.70 vs. $0.71
Q4 2025 included a $7.3 million net loss on sale of AFS securities, after roughly $82 million of municipal securities were sold at the end of October
Full-year 2025 net income $69.2 million, down 21.8%; diluted EPS $2.29 vs. $2.91 in 2024
Net interest margin rose four basis points linked quarter to 2.98% (tax-equivalent); $93 million of subordinated notes to be redeemed February 15, 2026
Liberty Energy reported fourth quarter and full year 2025 results in an 8-K filed January 28, 2026. For the full year, revenue, net income, and Adjusted EBITDA all declined from 2024, and the company said first quarter 2026 revenue and Adjusted EBITDA are expected to be lower than fourth quarter levels because of pricing headwinds and winter weather. The company also declared a $0.09 quarterly dividend, and it highlighted a 1 GW power development agreement with Vantage Data Centers.
Full year 2025 revenue was $4.0 billion, down 7% from $4.3 billion in 2024; net income was $148 million ($0.89 diluted EPS) versus $316 million ($1.87) in 2024.
Full year 2025 Adjusted EBITDA was $634 million, down 31% from $922 million in 2024.
Fourth quarter 2025 revenue was $1.0 billion, up 10% from the third quarter, but fourth quarter net income was $14 million ($0.08 per share) versus $52 million in the fourth quarter of 2024.
Management expects first quarter 2026 revenue and Adjusted EBITDA to decline sequentially; the Board declared a $0.09 dividend payable March 18, 2026.
X3 Acquisition Corp. Ltd., a Cayman Islands blank check company, closed its initial public offering on January 22, 2026, and deposited $200 million in a trust account for public shareholders. An audited balance sheet dated January 22, 2026 is filed as Exhibit 99.1. The filing states the company has not yet selected a business combination target.
IPO of 20,000,000 units at $10.00 per unit, generating gross proceeds of $200 million, closed January 22, 2026
Private placement of 5,000,000 warrants to sponsor X3 Acquisition Management LLC at $1.00 per warrant, generating $5 million
$200 million placed in trust account, including $5 million in deferred underwriting commissions
Audited balance sheet as of January 22, 2026 audited by WithumSmith+Brown, PC, filed as Exhibit 99.1
Bluerock Acquisition Corp., a blank-check company (SPAC), announced that holders of its units may separate them into Class A ordinary shares and warrants starting on or about February 2, 2026. The units, from an initial public offering of 17,250,000 units completed on December 12, 2025, will keep trading as BLRKU if not separated, and the shares and warrants will trade separately as BLRK and BLRKW.
Separate trading of Class A ordinary shares (BLRK) and warrants (BLRKW) may begin on or about February 2, 2026.
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant; no fractional warrants will be issued.
Holders must have their brokers contact Continental Stock Transfer & Trust Company to separate units.
The IPO of 17,250,000 units, including 2,250,000 units from the full exercise of the underwriters' overallotment option, was completed on December 12, 2025.
Assurant's board appointed Lynn Blake, a former State Street Investment Management executive, as a director effective January 28, 2026, subject to customary regulatory approval. The board also accepted director Debra Perry's resignation under its retirement policy, effective at the 2026 annual shareholder meeting. The filing describes a board addition and a planned departure, with no financial results or guidance included.
Lynn Blake appointed to the Board and to the Finance and Risk Committee and Nominating and Corporate Governance Committee, subject to customary regulatory approval.
Blake was Executive Vice President and Chief Investment Officer, Global Equity Beta Solutions, at State Street Investment Management from 2011 to 2021.
Debra Perry's board resignation takes effect at the company's 2026 annual meeting of stockholders.
Blake will receive a cash retainer and restricted stock unit grants as described in the April 8, 2025 proxy statement.
Ryman Hospitality Properties amended its revolving credit facility, raising the size from $700 million to $850 million and extending maturity from May 2027 to January 2030. The revolver was undrawn at closing and pricing remains unchanged, so the change adds borrowing capacity and extends the debt timeline without new borrowing.
Revolving credit facility increased from $700 million to $850 million
Maturity extended from May 2027 to January 2030, with up to one additional year of extension options
Pricing unchanged: leverage-based grid of 140 to 200 basis points over Term SOFR or Daily Simple SOFR
Facility was undrawn at closing; Wells Fargo led the refinancing
Tetra Tech reported first-quarter fiscal 2026 revenue of $1.21 billion and net revenue of $1.04 billion, with EPS of $0.40 against $0.00 a year earlier, when a $115 million legal contingency charge weighed on results. The company raised its fiscal 2026 net revenue and adjusted EPS guidance and declared a $0.065 per share quarterly dividend, up 12% year over year, so shareholders see a higher outlook alongside lower reported revenue.
Q1 revenue was $1.21 billion versus $1.42 billion a year earlier; net revenue was $1.04 billion versus $1.20 billion.
Q1 EPS was $0.40 versus $0.00 a year earlier; adjusted EPS was $0.35, unchanged from the prior year.
FY2026 net revenue guidance was raised to $4.15 billion to $4.30 billion, and adjusted EPS guidance to $1.46 to $1.56.
Quarterly dividend of $0.065 per share is payable February 27, 2026, to holders of record on February 12, 2026; Q1 share repurchases totaled $50 million.
WM reported fourth-quarter 2025 revenue of $6.3 billion, up 7.1%, and diluted EPS of $1.83 versus $1.48 a year earlier. Full-year GAAP diluted EPS slipped to $6.70 from $6.81, though adjusted EPS rose to $7.50 from $7.23. For 2026, WM projects revenue of $26.425 billion to $26.625 billion and free cash flow of $3.750 billion to $3.850 billion, and expects to resume share repurchases with about $2 billion planned for the year.
Q4 2025 revenue was $6.313 billion, up 7.1%; GAAP diluted EPS was $1.83 versus $1.48 in Q4 2024.
Full-year 2025 GAAP diluted EPS was $6.70 versus $6.81 in 2024; adjusted diluted EPS was $7.50 versus $7.23.
2026 outlook: revenue of $26.425 billion to $26.625 billion and free cash flow of $3.750 billion to $3.850 billion.
WM plans to return about $3.5 billion to shareholders in 2026 through dividends and share repurchases, including a $0.48 per share dividend increase to $3.78.
ArrowMark Financial Corp. (NASDAQ: BANX) commenced a rights offering on January 22, 2026, giving shareholders of record on that date the right to subscribe for up to 2,604,156 new common shares. Because the offer would issue new shares, existing holders can buy in at a set ratio or may see their ownership diluted if they do not participate; the filing does not state a subscription price.
Record date was January 22, 2026; each common share owned earned one right, and three rights buy one new share.
Up to 2,604,156 new common shares are offered, with an over-subscription privilege for unexercised rights.
Subscriptions and guaranteed delivery must be received by 5:00 p.m. Eastern time on February 18, 2026, unless extended.
UBS Securities LLC is dealer manager and Equiniti Trust Company, LLC is subscription agent.
Concentra Group Holdings released preliminary, unaudited fourth-quarter and full-year 2025 results that it says exceed its earlier full-year 2025 guidance, and it issued 2026 guidance calling for revenue of $2.25 billion to $2.35 billion. Full-year 2025 earnings per share fell to $1.30 from $1.46 a year earlier, while the company's final results are due February 26, 2026.
Full-year 2025 revenue of $2,163.4 million, up 13.9% from $1,900.2 million in 2024
Full-year 2025 earnings per share of $1.30, versus $1.46 in 2024; fourth-quarter earnings per share of $0.27, versus $0.17 in Q4 2024
2026 guidance: Adjusted EBITDA of $450 million to $470 million and free cash flow of $200 million to $225 million
Final fourth-quarter and full-year 2025 results are scheduled for February 26, 2026, with a conference call on February 27, 2026
On January 28, 2026, ARMOUR Residential REIT entered into Amendment No. 7 to its Equity Sales Agreement, adding 15,000,000 shares of common stock that may be offered and sold through sales agents. The program now covers up to 23,244,198 shares, including 8,244,198 shares that remained unsold under earlier amendments, so the amendment increases the number of shares that could be issued and added to shares outstanding.
Amendment No. 7 dated January 28, 2026 adds 15,000,000 shares; total available is up to 23,244,198 shares, including 8,244,198 unsold from prior amendments.
Janney Montgomery Scott LLC is removed as a sales agent and Huntington Securities, Inc. is added.
The related prospectus supplement was filed with the SEC on January 28, 2026, under shelf registration No. 333-278327.
Murphy Oil reported fourth-quarter 2025 net income attributable to Murphy of $11.9 million, or $0.08 per diluted share, down from $50.4 million a year earlier, and full-year net income of $104.2 million, down from $407.2 million in 2024. The company also raised its quarterly dividend to $0.35 per share and issued 2026 production and capital spending guidance, which shareholders will weigh against the sharp drop in earnings.
Q4 2025 revenue from production was $613.1 million, versus $669.6 million in Q4 2024; Q4 adjusted net income was $19.7 million, versus $51.0 million.
Full-year 2025 net income attributable to Murphy was $104.2 million, or $0.72 per diluted share, versus $407.2 million in 2024.
Quarterly dividend increased to $0.35 per share, or $1.40 annualized, payable March 2, 2026 to holders of record as of February 17, 2026.
2026 guidance: full-year net production of 167,000 to 175,000 BOEPD and capital expenditures of $1.2 billion to $1.3 billion, excluding noncontrolling interest.
United Rentals reported fourth-quarter 2025 total revenue of $4.208 billion, but net income fell 5.2% to $653 million and diluted EPS was $10.27. The company also gave 2026 guidance calling for total revenue of $16.8 billion to $17.3 billion and adjusted EBITDA of $7.575 billion to $7.825 billion, and announced a new $5 billion share repurchase program plus a 10% dividend increase.
Q4 2025 total revenue was $4.208 billion, versus $4.095 billion a year earlier; net income was $653 million, versus $689 million.
Full-year 2025 total revenue was $16.099 billion and net income was $2.494 billion; full-year diluted EPS was $38.61.
2026 outlook: total revenue $16.8 billion to $17.3 billion; adjusted EBITDA $7.575 billion to $7.825 billion; free cash flow excluding merger and restructuring payments $2.15 billion to $2.45 billion.
The company intends to repurchase $1.5 billion of common stock in 2026, including $1.15 billion under the new program, and the quarterly dividend rises to $1.97 per share.
Antero Resources completed a $750 million offering of 5.400% senior notes due 2036, with interest paid each February 1 and August 1. The company plans to use the proceeds, along with a Term Loan A, to fund its pending acquisition of HG Energy II Production Holdings, LLC, and the notes must be redeemed at 101% of principal if that deal does not close by the specified outside date.
$750 million aggregate principal of 5.400% senior notes due 2036, issued under a January 28, 2026 indenture with Computershare Trust Company, N.A. as trustee
Proceeds, plus a Term Loan A, are intended to fund the HG Acquisition, which is expected to close in the first half of 2026
Notes must be redeemed at 101% of principal plus accrued interest if the HG Acquisition does not close by the Special Mandatory Redemption Outside Date, which is no earlier than June 2, 2026
The Utica Disposition is expected to close in the first quarter of 2026 and is expected to fund the remainder of the acquisition costs
MSCI and its subsidiary MSCI Limited amended their index license agreements with BlackRock Fund Advisors for exchange-traded funds, extending the term to March 31, 2035, with auto-renewals of three years thereafter unless notice is given. The amendment revises license fees for certain funds starting January 1, 2026, with further changes effective January 1, 2027, and the filing says it does not otherwise make material changes to the existing fee structure.
Amendment dated January 27, 2026 extends the Existing ETF Agreements to March 31, 2035
After 2035, each agreement auto-renews for successive three-year periods unless either party gives written notice of termination before the term ends
License fees for certain funds change starting January 1, 2026, with additional changes effective January 1, 2027, based on each fund's expense ratio and assets under management
Meritage Homes reported fourth quarter 2025 net earnings of $84.0 million, or $1.20 per diluted share, down 51% from $172.6 million, or $2.36 per share, a year earlier. Home closing revenue fell 12% to $1.4 billion on 7% fewer closings and lower average prices, and the company recorded $42.9 million of non-recurring charges. The company expects 2026 home closing volume and revenue to be consistent with 2025, assuming no further deterioration in market conditions.
Q4 2025 net earnings $84.0 million ($1.20 per diluted share) vs. $172.6 million ($2.36) in Q4 2024
Full year 2025 net earnings $453.0 million ($6.35 per diluted share), down 42% from $786.2 million
Home closing gross margin 16.5% in Q4 2025 vs. 23.2% a year earlier; adjusted margin 19.3% excluding non-recurring charges
Company anticipates $400 million in share repurchases during 2026, assuming no material changes to market conditions
Hexcel reported fourth-quarter 2025 sales of $491 million, up 3.7% from a year earlier, and GAAP diluted EPS of $0.60 versus $0.07, while adjusted diluted EPS was flat at $0.52. For the full year, sales fell 0.5% to $1,894 million and adjusted diluted EPS fell 13.3% to $1.76, and the company guided 2026 sales of $2.0 billion to $2.1 billion and adjusted EPS of $2.10 to $2.30.
Q4 2025 sales of $491 million vs. $474 million in Q4 2024; Commercial Aerospace sales rose 7.6% to $299.5 million
FY 2025 sales of $1,894 million vs. $1,903 million; FY adjusted diluted EPS of $1.76 vs. $2.03
2026 guidance: sales of $2.0 billion to $2.1 billion, adjusted diluted EPS of $2.10 to $2.30, free cash flow above $195 million
Kohl's announced that Fred Hand, Senior Executive Vice President and Director of Stores, will retire effective April 3, 2026. The filing states no changes to his compensation or employment terms tied to the retirement, and any benefits are governed by his 2023 Executive Compensation Agreement.
Fred Hand, Senior Executive Vice President, Director of Stores, retires effective April 3, 2026
No changes to Mr. Hand's compensatory arrangements or other employment terms in connection with his retirement
Any benefits are governed by the Executive Compensation Agreement dated September 25, 2023
At its January 28, 2026 annual meeting, Accenture shareholders approved all seven proposals, including the election of ten directors and an amended Share Incentive Plan. The plan adds 7 million shares for issuance and extends its term to December 12, 2035, which gives the company more room to grant equity awards to employees and directors.
All ten director nominees were approved, with Arun Sarin receiving the lowest support at 89.68% of votes cast.
The non-binding say-on-pay vote on named executive officer compensation passed with 87.73% in favor and 12.27% against.
The amended Share Incentive Plan passed with 96.27% in favor, adding 7 million shares and extending the term to December 12, 2035.
KPMG LLP's ratification as independent auditor passed with 91.32% in favor.
Landstar reported fourth-quarter 2025 revenue of $1,174.5 million, down from $1,209.3 million a year earlier, and EPS of $0.70 versus $1.31. Insurance and claims expense rose to $56 million from about $30 million, which the company said had a significant adverse impact on results. The board declared a $0.40 quarterly dividend, unchanged from the prior quarter's rate in the filing's figures, while earnings declined.
Revenue $1,174.5 million vs. $1,209.3 million; operating income $29.6 million vs. $57.8 million
EPS $0.70 vs. $1.31 in the 2024 fourth quarter
Insurance and claims of $56 million included $16.7 million ($0.37 per share) from three vehicular accidents and a $5.3 million ($0.12 per share) reserve increase
Quarterly dividend of $0.40 per share payable March 11, 2026, to holders of record as of February 18, 2026
Whirlpool reported fourth-quarter and full-year 2025 results and gave 2026 guidance. Fourth-quarter net sales fell 0.9% to $4,098 million and ongoing earnings per diluted share dropped to $1.10 from $4.57, while full-year ongoing EPS fell 49.0% to $6.23. The company expects 2026 ongoing EPS of about $7.00, which would be above its 2025 ongoing result, and plans to pay down about $400 million of debt.
Q4 2025 net sales $4,098 million, down 0.9% year over year; Q4 GAAP EPS $1.91 versus a $7.10 loss a year earlier
Full-year 2025 net sales $15.5 billion, down 6.5%; ongoing EBIT $729 million, down 17.8%
2026 outlook: ongoing EPS about $7.00, GAAP EPS about $6.25, net sales $15.3 to $15.6 billion
2026 free cash flow guided at $400 to $500 million; Whirlpool reduced its stake in Whirlpool of India to about 40% and used proceeds to reduce debt
Beacon Financial reported fourth-quarter 2025 net income of $53.4 million, or $0.64 per share, compared with a net loss of $4.2 million in the third quarter, and its board approved a quarterly dividend of $0.3225 per share. The filing says the quarter included three months of combined results from the September 2025 merger with Brookline Bancorp versus one month in the prior quarter, so results may not be directly comparable to prior periods. For shareholders, the quarter shows a return to profit and a dividend more than double the $0.135 paid a year earlier, while full-year 2025 merger-related charges totaled $70.1 million.
Q4 2025 net income was $53.4 million, or $0.64 per share, versus a net loss of $4.2 million, or $0.05 per share, in Q3 2025.
Q4 2025 operating earnings (non-GAAP) were $66.4 million, or $0.79 per share.
Full-year 2025 net income was $90.3 million, or $1.03 per share, including $70.1 million of merger-related charges.
Quarterly dividend of $0.3225 per share is payable February 27, 2026, to holders of record on February 13, 2026.
Calix reported unaudited fourth-quarter 2025 revenue of $272.4 million, a record that was up 32% from a year earlier and 3% from the prior quarter, and full-year 2025 revenue of $1.0 billion, up 20%. The company guided first-quarter 2026 revenue to $275 million to $281 million, above the fourth-quarter level, but its non-GAAP gross margin guidance midpoint is 75 basis points below the prior quarter.
Q4 2025 GAAP net income was $7.4 million, or $0.10 per diluted share; non-GAAP net income was $27.3 million, or $0.39 per diluted share.
Q1 2026 guidance: revenue $275 million to $281 million; non-GAAP net income per diluted share $0.34 to $0.40.
Non-GAAP gross margin for Q4 2025 was a record 58.0%, but Q1 2026 non-GAAP gross margin guidance midpoint is 57.25%, down 75 basis points, due to overlapping cloud costs during platform migration.
Calix will hold an Investor Day at the New York Stock Exchange on February 24, 2026, and a conference call is set for January 29, 2026.
VIAVI reported preliminary fiscal second-quarter results with net revenue of $369.3 million, up 36.4% from a year earlier, but a GAAP net loss of $48.1 million, compared with net income of $9.1 million a year earlier. The company also approved a restructuring plan on January 23, 2026, with about 5% of its global workforce affected and estimated total charges of about $32 million, which matters to shareholders because it adds near-term costs while targeting about $30 million in annualized savings.
Q2 net revenue $369.3 million, up 36.4% year over year; non-GAAP EPS $0.22, up 69.2%
GAAP diluted EPS $(0.21) versus $0.04 a year earlier; GAAP net loss $48.1 million
Restructuring plan approved January 23, 2026: about 5% of global workforce affected, total charges about $32 million including about $24 million in cash
Plan expected to yield about $30 million in annualized cost savings upon completion; majority of charges expected by end of June 2026
Adtalem Global Education (NYSE: ATGE) reported second quarter fiscal 2026 revenue of $503.4 million, up 12.4%, and raised its fiscal 2026 adjusted earnings per share guidance to $7.80 to $8.00, while keeping its revenue guidance unchanged. The results include $18.0 million of incremental Walden revenue from a shifted academic week, and Chamberlain's operating income fell 24.2%, so shareholders may weigh the strength of the headline growth against those factors. Note: this 8-K was filed by Adtalem Global Education Inc., not Covista Inc. (CVSA) as the request stated.
Q2 fiscal 2026 revenue $503.4 million, up 12.4% year-over-year; diluted EPS $2.11 vs. $1.98; adjusted EPS $2.43 vs. $1.81, up 34.3%
Fiscal 2026 adjusted EPS guidance raised to $7.80 to $8.00 from $7.60 to $7.90; revenue guidance maintained at $1,900 million to $1,940 million
Chamberlain Q2 operating income $32.0 million vs. $42.2 million a year earlier, down 24.2%; Walden operating income rose 53.8% to $75.2 million
New $750 million share repurchase program through December 2028; $165 million of shares repurchased in Q2
Plexus reported fiscal first quarter 2026 revenue of $1.070 billion, up 10% from a year earlier, with GAAP diluted EPS of $1.51 versus $1.34 a year earlier. The company guided fiscal second quarter revenue to $1.110 billion to $1.150 billion and GAAP diluted EPS to $1.53 to $1.68, and said it now sees potential to meet or exceed the high end of its 9% to 12% revenue growth goal. Free cash flow was negative $50.6 million in the quarter, though the company reconfirmed its fiscal 2026 free cash flow expectation of approximately $100 million.
Q1 fiscal 2026 revenue was $1.070 billion, up 10% year over year and 1% sequentially; GAAP diluted EPS was $1.51 and non-GAAP diluted EPS was $1.78.
Q2 fiscal 2026 guidance: revenue of $1.110 billion to $1.150 billion, GAAP diluted EPS of $1.53 to $1.68, and non-GAAP EPS of $1.80 to $1.95.
Won 22 manufacturing programs representing $283 million in annualized revenue when fully ramped.
Free cash flow was negative $50.6 million for the quarter; the company bought back $22.4 million of shares and has $62.6 million left under its $100.0 million authorization.
C.H. Robinson reported fourth-quarter 2025 results, with total revenues down 6.5% to $3.9 billion and net income down 8.7% to $136.3 million from a year earlier. Adjusted diluted EPS rose 1.7% to $1.23, while GAAP diluted EPS fell 8.2% to $1.12, so shareholders see a mixed picture on the headline measures.
Total revenues fell 6.5% to $3.9 billion, mainly due to the divestiture of the Europe Surface Transportation business and lower ocean pricing and volume.
Net income was $136.3 million, down 8.7% from a year ago.
Diluted EPS was $1.12, down 8.2%; adjusted diluted EPS was $1.23, up 1.7%.
Cash returned to shareholders rose 150.7% to $207.7 million, including $133.3 million in stock repurchases and $74.3 million in dividends.
Deluxe reported fourth-quarter and full-year 2025 results on January 28, 2026. Full-year net income rose to $85.3 million from $52.9 million, and full-year revenue increased 0.5% to $2.13 billion. The company also issued full-year 2026 guidance for revenue, adjusted EBITDA, adjusted diluted EPS and free cash flow.
Full-year 2025 GAAP diluted EPS was $1.87, versus $1.18 in 2024; comparable adjusted diluted EPS rose 12.6% to $3.67.
Fourth-quarter 2025 revenue was $535.3 million, up 2.8%, and net income was $15.1 million, up from $12.6 million.
2026 outlook: revenue of $2.11 to $2.175 billion, adjusted EBITDA of $445 to $470 million, adjusted diluted EPS of $3.90 to $4.30, and free cash flow of approximately $200 million.
Board approved a regular quarterly dividend of $0.30 per share, payable February 23, 2026, to holders of record on February 9, 2026.
KB Home's board promoted President and Chief Operating Officer Robert McGibney to President and Chief Executive Officer, effective March 1, 2026, and appointed him a director. Jeffrey Mezger, CEO and Chairman, will become Executive Chairman and remain the most senior executive officer with a significant management role. The filing describes a planned succession process, and it reports no change to financial results or guidance.
Robert McGibney, 51, joined KB Home in 2000 and was named President in 2024; he becomes CEO and a director effective March 1, 2026
Jeffrey Mezger, 70, has been CEO since 2006 and Chairman since 2016; he becomes Executive Chairman on the same date
McGibney will not serve on board committees or receive additional compensation for board service
The filing reports no arrangements or family relationships tied to his appointment
First Financial Bancorp reported fourth-quarter 2025 net income of $62.4 million, or $0.64 per diluted share, down from $71.9 million, or $0.75, in the third quarter. For the full year, diluted EPS rose to $2.66 from $2.40 in 2024, and the board approved a $0.25 quarterly dividend. The company said adjusted fourth-quarter EPS of $0.80 was a record, excluding items including a $12.6 million loss on securities.
Q4 2025 net income $62.4 million, or $0.64 per diluted share, versus $71.9 million, or $0.75, in Q3 2025
Full-year 2025 net income $255.6 million, or $2.66 per diluted share, versus $228.8 million, or $2.40, in 2024
Q4 noninterest income was $64.8 million, including a $12.6 million loss on securities; adjusted figure was $77.3 million
Board approved a $0.25 quarterly dividend payable March 16, 2026 to shareholders of record as of March 2, 2026
Annaly Capital Management reported fourth-quarter 2025 results on January 28, 2026. GAAP net income was $1.40 per average common share, up from $1.21 in the third quarter and $0.78 a year earlier, and book value per common share rose to $20.21 from $19.25 at September 30, 2025. The company also declared a $0.70 quarterly common dividend, matching the third quarter.
GAAP net income of $1.40 per average common share for Q4 2025, versus $1.21 in Q3 2025 and $0.78 in Q4 2024.
Earnings available for distribution of $0.74 per average common share for Q4 2025, versus $0.72 in Q4 2024.
Book value per common share of $20.21 at December 31, 2025, up from $19.25 at September 30, 2025.
Common stock cash dividend of $0.70 per share for the fourth quarter; GAAP leverage was 7.2x, up from 7.1x in the prior quarter.
FICO reported results for the first fiscal quarter ended December 31, 2025, in a press release furnished as Exhibit 99.1. Revenue rose 16% to $512.0 million and GAAP diluted EPS was $6.61, up from $6.14, as net income reached $158.4 million. The company reiterated its fiscal 2026 guidance, including revenue of $2.35 billion and GAAP EPS of $33.47, while operating cash flow and free cash flow declined from the prior year.
Revenue of $512.0 million, up 16% from $440.0 million in the prior year period.
GAAP diluted EPS of $6.61 vs $6.14; net income of $158.4 million vs $152.5 million.
Scores revenue rose 29% to $304.5 million; Software revenue rose 2% to $207.5 million.
Operating cash flow was $174.1 million vs $194.0 million; free cash flow was $165.4 million vs $186.8 million. Fiscal 2026 guidance was reiterated, not changed.
Mid-America Apartment Communities entered a settlement agreement on January 26, 2026, to resolve a class action alleging it and other apartment owners inflated rents through RealPage revenue management software, paying $53 million in two installments. The company expects to raise its loss contingency reserve to $62.5 million in its 2025 year-end financials, but says the charge will not affect 2025 Core FFO or FAD and does not expect material effects on liquidity or its credit rating.
Settlement payment totals $53 million, paid in two $26.5 million installments, the first no earlier than March 2, 2026
Loss contingency reserve to rise to $62.5 million, recorded as other non-operating expense in 2025 financials
2025 Core FFO and FAD are not affected; the settlement will be reflected in 2026 guidance when provided
Settlement remains subject to Court approval; plaintiffs must seek preliminary approval by March 31, 2026
Century Communities reported fourth quarter 2025 total revenues of $1.2 billion, net income of $36.0 million ($1.21 per diluted share), and adjusted EPS of $1.59, all down sharply from the year-earlier quarter. Full year 2025 net income was $147.6 million ($4.86 per diluted share), down from $333.8 million in 2024; the company also gave 2026 guidance of 10,000 to 11,000 new home deliveries and $3.6 billion to $4.1 billion in home sales revenues. Net new home contracts rose 9.5% in the quarter, but lower deliveries and profit were the main measures for shareholders.
Q4 2025 net income was $36.0 million, or $1.21 per diluted share, versus $102.7 million, or $3.20 per diluted share, in Q4 2024.
Q4 2025 new home deliveries were 3,030, down from 3,198, while net new home contracts rose to 2,702 from 2,467.
Full year 2025 net income was $147.6 million, or $4.86 per diluted share, versus $333.8 million, or $10.40 per diluted share, in 2024.
2026 guidance: 10,000 to 11,000 new home deliveries and home sales revenues of $3.6 billion to $4.1 billion, assuming no significant changes to the current economic environment.
Southwest reported 2025 net income of $441 million, or $0.79 per diluted share, down 5.2% from $465 million a year earlier, while full-year operating revenues reached a record $28.1 billion, up 2.1%. The company guided 2026 adjusted EPS of at least $4.00, and said Winter Storm Fern is included in its first quarter and full-year outlook.
Q4 2025 net income was $323 million, or $0.61 per diluted share, up from $261 million, or $0.42, a year earlier.
Full-year 2025 adjusted EBIT was $574 million, above prior guidance of $500 million; full-year adjusted EPS was $0.93, down from $0.96.
2026 adjusted EPS guidance is at least $4.00; first quarter 2026 adjusted EPS is guided at least $0.45.
Southwest returned $2.9 billion to shareholders in 2025 through share repurchases and dividends.
CONMED reported fourth-quarter 2025 sales of $373.2 million, up 7.9%, while GAAP diluted earnings per share fell to $0.54 from $1.08, and adjusted EPS rose to $1.43 from $1.34. For 2026, the company expects adjusted diluted EPS of $4.30 to $4.45, compared with $4.59 adjusted for full-year 2025, so shareholders face a lower adjusted earnings outlook despite higher sales.
Q4 2025 net sales $373.2 million, up 7.9% as reported and 7.1% in constant currency; international revenue up 17.0%, domestic up 1.4%
Q4 GAAP diluted EPS $0.54 vs $1.08 a year earlier; adjusted diluted EPS $1.43 vs $1.34
Full-year 2025 net sales $1,374.7 million, up 5.2%; GAAP diluted EPS $1.51 vs $4.25 in 2024; adjusted EPS $4.59 vs $4.17
2026 outlook: reported revenue $1.345 billion to $1.375 billion and adjusted diluted EPS $4.30 to $4.45
Hawkins, Inc. reported fiscal 2026 third-quarter results for the period ended December 28, 2025. Sales rose 8% to $244.1 million and adjusted EBITDA rose 3% to $34.8 million, but diluted EPS fell to $0.69 from $0.72, which the company attributed mainly to about $5 million of higher amortization and interest expense from its acquisitions.
Sales were $244.1 million, up $17.9 million or 8% from a year earlier, with Water Treatment up 21% and Industrial Solutions up 10%.
Food & Health Sciences sales fell 10% to $70.0 million.
Net income was $14.3 million, or $0.69 per diluted share, versus $15.0 million, or $0.72, a year earlier.
Total debt was $264.0 million at quarter end, and the leverage ratio was 1.47x trailing 12-month adjusted EBITDA.
Raymond James reported net revenues of $3.74 billion for the fiscal first quarter ended December 31, 2025, up 6% from a year earlier and a company record. Net income available to common shareholders fell 6% to $562 million, or $2.79 per diluted share, from $599 million, or $2.86 per diluted share, a year earlier, as the effective tax rate rose to 22.7% from 19.9%.
Net revenues of $3.74 billion, up 6% from $3.537 billion in the prior-year fiscal first quarter.
Net income available to common shareholders of $562 million, down from $599 million; adjusted net income of $577 million excludes $15 million of acquisition-related expenses, net of tax.
Quarterly cash dividend raised 8% to $0.54 per share; $400 million of common stock repurchased during the quarter.
In December the Board authorized up to $2 billion of common stock repurchases, replacing the prior authorization; $1.9 billion remained available as of December 31, 2025.
ServiceNow reported fourth-quarter 2025 total revenue of $3,568 million, up 20.5% from a year earlier, and GAAP net income of $401 million, or $0.38 per diluted share, compared with $384 million, or $0.37, in the same quarter of 2024. The company also gave first-quarter and full-year 2026 subscription revenue guidance and said its board authorized an additional $5.0 billion in share repurchases, which it said will help manage dilution.
Q4 2025 total revenue $3,568 million (up 20.5%); subscription revenue $3,466 million (up 21%)
Q4 2025 income from operations $443 million, up from $374 million a year earlier
Full-year 2026 GAAP subscription revenue guidance of $15,530 million to $15,570 million
Board authorized $5.0 billion in additional repurchases; about $1.4 billion remained under prior authorizations as of December 31, 2025, and a $2 billion accelerated share repurchase is planned
Las Vegas Sands reported fourth-quarter 2025 results with net revenue of $3.65 billion, up from $2.90 billion a year earlier, and net income attributable to the company of $395 million, up from $324 million. The company also repurchased $500 million of its common stock during the quarter and announced a next quarterly dividend of $0.30 per share.
Net income attributable to Las Vegas Sands Corp. was $395 million, or $0.58 per diluted share, versus $324 million, or $0.45 per diluted share, in the fourth quarter of 2024.
Adjusted earnings per diluted share, a non-GAAP measure, were $0.85 versus $0.54 a year earlier.
Consolidated adjusted property EBITDA was $1.41 billion, compared with $1.11 billion in the prior year quarter.
The company repurchased $500 million of common stock, and its next quarterly dividend of $0.30 per share is payable February 18, 2026.
Tesla reported fourth-quarter 2025 results, with revenue down 3% year over year to $24.9 billion and GAAP net income attributable to common stockholders down 61% to $840 million. For shareholders, the profit decline is the key takeaway, though gross margin rose to 20.1% and the company ended the quarter with $44.1 billion in cash and investments.
Q4 2025 GAAP diluted EPS was $0.24, down 60% year over year; non-GAAP diluted EPS was $0.50, down 17%.
Q4 2025 total revenue was $24.9 billion, down 3% year over year, while GAAP gross margin rose to 20.1% from 16.3%.
Full-year 2025 revenue was $94.8 billion, down 3%, and GAAP net income attributable to common stockholders was $3.8 billion, down 46%.
Q4 2025 free cash flow was $1.4 billion; on January 16, 2026, Tesla agreed to invest approximately $2 billion in xAI Series E Preferred Stock, with closing expected in Q1 2026.
IBM reported fourth-quarter 2025 revenue of $19.7 billion, up 12%, and full-year revenue of $67.5 billion, up 8%. GAAP diluted earnings per share were $5.86, versus $3.11 a year earlier, helped by a tax benefit tied to the resolution of tax audit matters. The company expects full-year 2026 constant currency revenue growth of more than 5% and about $1 billion more free cash flow than in 2025.
Q4 2025 revenue $19.7 billion, up 12%; Software up 14%, Infrastructure up 21%, Consulting up 3%
Q4 GAAP diluted EPS $5.86 vs. $3.11 a year earlier; operating (non-GAAP) EPS $4.52 vs. $3.92
Full-year 2025 free cash flow $14.7 billion; 2026 expectation is about $1 billion year-over-year increase
Quarterly dividend of $1.68 per share declared, payable March 10, 2026 to holders of record February 10, 2026
First Interstate BancSystem reported fourth-quarter 2025 net income of $108.8 million, or $1.08 per diluted share, up from $71.4 million in the third quarter and $52.1 million a year earlier. The results include a $62.7 million gain from the sale of its Arizona and Kansas branches, which closed on October 10, 2025, and the board raised its stock repurchase authorization by $150.0 million, to $300.0 million in total since August 2025.
Q4 2025 net income of $108.8 million, or $1.08 per diluted share, versus $0.69 in Q3 2025 and $0.50 in Q4 2024
$62.7 million gain from the sale of the Arizona and Kansas branches, which closed on October 10, 2025, was the main driver of higher noninterest income
Net interest income fell 3.7% year over year to $206.4 million in Q4 2025, while net interest margin rose to 3.36%
Board authorized an additional $150.0 million for buybacks on January 27, 2026, and declared a $0.47 per share dividend payable February 20, 2026 to holders of record as of February 10, 2026
V.F. Corporation said on January 26, 2026 that it made changes to its senior leadership as part of a planned transition, effective January 28, 2026. Brent Hyder will become Chief Commercial Officer and will no longer serve as Chief People Officer, while Martino Scabbia Guerrini steps out of his Chief Commercial Officer role and will serve as a senior advisor to the Chief Executive Officer. The filing does not disclose any financial impact from these changes.
Brent Hyder becomes Chief Commercial Officer effective January 28, 2026 and gives up the Chief People Officer role
Martino Scabbia Guerrini, previously Chief Commercial Officer and President, Emerging Brands, leaves those roles effective January 28, 2026
Guerrini will serve as a senior advisor to the Chief Executive Officer
Changes were announced as part of a planned transition, dated January 26, 2026
Schneider National said Mark Rourke will step down as President and CEO and become Executive Chair effective July 1, 2026, with James Filter taking over as President and CEO on the same date. The Board also created a Lead Independent Director role, which James Welch will fill, as part of what the company calls a planned succession process.
James Filter, 54, currently Executive Vice President and Group President of Transportation and Logistics, becomes President and CEO effective July 1, 2026
Filter's annual base salary is $775,000, with a fiscal 2026 cash incentive target of $969,000 (125% of base) and a long-term equity award with a $3.3 million grant date target value
Rourke's annual base salary will be reduced to $750,000 after the transition; James Welch becomes Lead Independent Director
Lam Research reported revenue of $5.34 billion and U.S. GAAP diluted EPS of $1.26 for the quarter ended December 28, 2025, both up from the September 2025 quarter. The company guided March 2026 quarter revenue to $5.70 billion, plus or minus $300 million, and GAAP diluted EPS to $1.35, plus or minus $0.10, which is above the December quarter results.
Revenue was $5.34 billion, compared with $5.32 billion in the September 2025 quarter and $4.38 billion a year earlier.
U.S. GAAP diluted EPS was $1.26, up from $1.24; non-GAAP diluted EPS was $1.27, up from $1.26.
U.S. GAAP gross margin fell to 49.6% from 50.4%, and operating income as a percentage of revenue fell to 33.9% from 34.4%.
Guidance for the quarter ending March 29, 2026: revenue of $5.70 billion plus or minus $300 million and U.S. GAAP diluted EPS of $1.35 plus or minus $0.10.
Merchants Bancorp furnished a press release with its fourth quarter and full-year 2025 results as Exhibit 99.1 to this 8-K. Q4 net income rose 24% from the third quarter but fell 29% from a year earlier, and full-year 2025 net income fell 32% to $218.8 million, with diluted EPS of $3.78, down 40%. Credit metrics improved in the quarter, with criticized loans down 13% and total delinquencies down 38% from September 30, 2025.
Q4 2025 net income was $67.8 million, or $1.28 diluted EPS, down from $95.7 million, or $1.85, in Q4 2024 but up from $54.7 million, or $0.97, in Q3 2025.
Full-year 2025 net income was $218.8 million, down $101.6 million, or 32%, from 2024; diluted EPS was $3.78, down 40%.
Criticized loans fell 13% from September 30, 2025 to $508.2 million; non-performing loans were $197.8 million, or 1.79% of loans receivable.
Total assets were $19.4 billion and total deposits were $13.0 billion as of December 31, 2025; tangible book value per share was a record $37.51.
ArcBest's board expanded from eleven to thirteen members on January 26, 2026, with Ann G. Bordelon and Bobby K. George joining as directors and serving on the Audit Committee. Directors Fredrik J. Eliasson and Kathleen D. McElligott will retire effective February 28, 2026, which will reduce the board to ten members. The filing involves board composition only and reports no financial results.
Ann G. Bordelon and Bobby K. George elected to the board effective January 26, 2026, and appointed to the Audit Committee
Fredrik J. Eliasson (more than 6 years of service) and Kathleen D. McElligott (more than 10 years) retire effective February 28, 2026
Board will have ten directors after the retirements, eight of whom the press release describes as independent
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