Earnings Releases

QNB CORP. reported the first quarter ended March 31, 2024 results: net income $2,594,000, EPS $0.71 per share on a diluted basis.

“QNB Corp. announced its consolidated financial results for the first quarter ended March 31, 2024.”

MUNCY COLUMBIA FINANCIAL Corp reported first quarter 2024 results: net income $4,036,000, EPS $1.13.

“Muncy Columbia Financial Corporation Reports First Quarter 2024 Earnings”

CITY HOLDING CO reported the quarter ended March 31, 2024 results: net income net income of $29.5 million, EPS diluted earnings of $1.97 per share.

“City Holding Company (“Company” or “City”) (NASDAQ:CHCO), a $6.3 billion bank holding company headquartered in Charleston, West Virginia, today announced net income of $29.5 million and diluted earnings of $1.97 per share for the quarter ended March 31, 2024.”

FRANKLIN FINANCIAL SERVICES CORP /PA/ reported the three months ended March 31, 2024 results: net income $3.4 million, EPS $0.77.

“Net income for the first quarter of 2024 was $3.4 million”

COMMUNITY FINANCIAL SYSTEM, INC. reported first quarter 2024 results: revenue $177.3 million, net income $40.9 million, EPS $0.76 per fully diluted share.

“First Quarter 2024 Performance Summary · Net income of $40.9 million, or $0.76 per fully diluted share, increased $35.1 million, or $0.65 per fully diluted share, from the prior year’s first quarter and increased $7.2 million, or $0.13 per fully diluted share, from the fourth quarter of 2023 · Operating net income, a non-GAAP measure that excludes the after-tax effects of acquisition expenses, acquisition-related contingent consideration adjustments, restructuring expenses, litigation accrual, gain on debt extinguishment, loss on sales of investment securities, unrealized gain (loss) on equity securities and amortization of intangible assets from net income, of $43.8 million, or $0.82 per fully diluted share, decreased $5.9 million, or $0.10 per fully diluted share, from the prior year’s first quarter and was consistent with the fourth quarter of 2023 · Total revenues of $177.3 million, a new quarterly record for the Company, increased $52.8 million, or 42.4%, from the prior year’s fir”

RENASANT CORP reported first quarter of 2024 results: net income $39,409, EPS $0.70.

“On April 23, 2024, Renasant Corporation (“Renasant”) issued a press release announcing earnings for the first quarter of 2024.”

FIRST COMMONWEALTH FINANCIAL CORP /PA/ reported the three month period ended March 31, 2024 results: net income Net income $ 37,549, EPS Diluted earnings per share $ 0.37.

“On April 23, 2024, First Commonwealth Financial Corporation (the “Company”) issued a press release announcing financial results for the three month period ended March 31, 2024.”

CAMBRIDGE BANCORP reported the three months ended March 31, 2024 results: net income $6.9 million, EPS $0.87 per diluted share.

“Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent company of Cambridge Trust Company, today announced unaudited net income of $6.9 million for the three months ended March 31, 2024, a decrease of $1.1 million, or 14.3%, as compared to $8.0 million for the three months ended December 31, 2023. Diluted earnings per share were $0.87 for the three months ended March 31, 2024, representing a 14.7% decrease as compared to $1.02 for the three months ended December 31, 2023.”

OLD NATIONAL BANCORP /IN/ reported first quarter of 2024 results: net income $116.3 million, EPS $0.40.

“Old National Bancorp Reports First Quarter 2024 Results”

MATTEL INC /DE/ reported first quarter 2024 results: revenue $810 million, net income Net Loss of $28 million, EPS Loss per Share of $0.08. Guidance reaffirmed.

“--- EX-99.1 (EX-99.1) --- NEWS RELEASE Exhibit 99.1 MATTEL REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS First Quarter 2024 Highlights Versus Prior Year • Net Sales of $810 million, down 1% as reported and in constant currency • Gross Margin of 48.0%, an increase of 800 basis points; Adjusted Gross Margin of 48.3%, an increase of 830 basis points •”

KIMBERLY CLARK CORP reported first quarter 2024 results: revenue $5.1 billion, EPS $1.91. Guidance raised.

“--- EX-99.1 2 kmbq120248kex-991.htm EARNINGS RELEASE Document Exhibit 99.1 Kimberly-Clark Announces First Quarter 2024 Results and Raises 2024 Outlook Delivers net sales of $5.1 billion driven by 6 percent organic sales growth Strong EPS expansion driven by accretive innovation and productivity initiatives Company increases 2024 outlook to reflect solid start to”

EASTGROUP PROPERTIES INC reported the three months ended March 31, 2024 results: EPS $1.22 Per Diluted Share.

“Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024”

HALLIBURTON CO reported the first quarter of 2024 results: revenue $5.8 billion, net income $606 million, or $0.68 per diluted share.

“Document Exhibit 99.1 HALLIBURTON ANNOUNCES FIRST QUARTER 2024 RESULTS • Net income of $0.68 per diluted share. • Adjusted net income per diluted share 1 of $0.76. • Revenue of $5.8 billion and operating margin of 17%. • Cash flow from operations of $487 million and free cash flow 2 of $206 million. • Repurchases of approximately $250 million of common stock.”

GENERAL ELECTRIC CO reported the first quarter ending March 31, 2024 results: revenue Total revenue (GAAP) of $16.1B, +11%; adjusted revenue* $15.2B, +10% organically*, EPS Continuing EPS (GAAP) of $1.38, $(4.18); adjusted EPS* $0.82, +$0.55. Guidance raised.

“April 25, 2024. First quarter 2024 GE Consolidated Results (including GE Aerospace and GE Vernova): • Total orders of $20.1B, +14%; organic orders +14% • Total revenue (GAAP) of $16.1B, +11%; adjusted revenue* $15.2B, +10% organically* • Profit margin (GAAP) of 11.6%, (3,320) bps; adjusted profit margin* 10.2%, +300 bps organically* • Continuing EPS (GAAP) of”

GATX CORP reported the first quarter of 2024 results: net income $74.3 million, or $2.03 per diluted share, EPS $2.03 per diluted share. Guidance reaffirmed.

“GATX Corporation (NYSE: GATX) today reported 2024 first-quarter net income of $74.3 million, or $2.03 per diluted share”

FLORIDA POWER & LIGHT CO reported first-quarter 2024 results: net income $1.172 billion, EPS $0.57 per share.

“FPL reported first-quarter 2024 net income of $1.172 billion, or $0.57 per share, compared to $1.070 billion, or $0.53 per share, for the prior-year quarter.”

TRUSTMARK CORP reported financial results for the period ended March 31, 2024.

“On April 23, 2024, Trustmark Corporation issued a press release announcing its financial results for the period ended March 31, 2024.”

EQT Corp reported financial results for first quarter of 2024.

“Today, EQT Corporation ("EQT") issued a news release announcing its first quarter 2024 earnings.”

ENNIS, INC. reported the three and twelve months ended February 29, 2024 results: revenue $97.4 million for the quarter, a decrease of $5.3 million or 5.2% over last year's fourth quarter and $420.1 million for, net income $10.1 million, or $0.39 per diluted share, EPS $0.39.

“2024 -- Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the quarter and fiscal year ended February 29, 2024. Highlights include: • Revenues were $97.4 million for the quarter, a decrease of $5.3 million or 5.2% over last year's fourth quarter and $420.1 million for the fiscal year, a decrease of $11.7 million, or 2.7% over last fiscal”

PEOPLES BANCORP INC reported first quarter of 2024 results: net income $29.6 million, EPS $0.84.

“Net income totaled $29.6 million for the first quarter of 2024, representing earnings per diluted common share of $0.84.”

FIRST BUSEY CORP /NV/ reported first quarter of 2024 results: net income $26.2 million, EPS $0.46.

“Net income for First Busey Corporation (“Busey,” “Company,” “we,” “us,” or “our”) was $26.2 million for the first quarter of 2024, or $0.46 per diluted common share, compared to $25.7 million, or $0.46 per diluted common share, for the fourth quarter of 2023, and $36.8 million, or $0.65 per diluted common share, for the first quarter of 2023.”

DANAHER CORP /DE/ reported the quarter ended March 29, 2024 results: revenue $5.8 billion, net income $1.1 billion, EPS $1.45 per diluted common share.

“earnings were $1.1 billion, or $1.45 per diluted common share and non-GAAP adjusted diluted net earnings per common share were $1.92. • Revenues decreased 2.5% year-over-year to $5.8 billion and non-GAAP core revenue decreased 4.0%. • Operating cash flow was $1.7 billion and non-GAAP free cash flow was $1.4 billion. Rainer M. Blair, President and Chief Executive”

WESBANCO INC reported financial results for three months ended March 31, 2024.

“Wesbanco, Inc. issued a press release and earnings call presentation today announcing earnings for the three months ended March 31, 2024.”

Vertex, Inc. reported the three months ended March 31, 2024 results: revenue between $155.5 million and $157.5 million, net income between $2.4 million and $3.1 million.

“with full details when we announce our full first quarter financial results in early May.” ​ Revenues for the three months ended March 31, 2024 are expected to be between $155.5 million and $157.5 million, compared to $132.8 million for the three months ended March 31, 2023, representing an increase of approximately 17% to 19%. ​ Annual Recurring Revenue at”

Eos Energy Enterprises, Inc. reported first quarter ended March 31, 2024 results: revenue approximately $6.6 million.

“Eos expects to record revenue of approximately $6.6 million for the first quarter, as the Company completed shipments of its first Texas project owned by a large North American infrastructure fund.”

Kiniksa Pharmaceuticals International, plc reported first quarter 2024 results: revenue Total revenue for the first quarter of 2024 was $79.9 million, compared to $48.3 million for the first quarter of 2023., net income Net loss for the first quarter of 2024 was $17.7 million, compared to a net loss of $12.3 million for the first quarter. Guidance raised.

“On April 23, 2024, Kiniksa Pharmaceuticals, Ltd. issued a press release announcing financial results for the quarter ended March 31, 2024.”

Baker Hughes Co reported the quarter ended March 31, 2024 results: revenue $6.4 billion, net income $455 million, EPS $0.45.

“(EX-99.1) --- Baker Hughes Company Announces First-Quarter 2024 Results First-quarter highlights • Orders of $6.5 billion, including $2.9 billion of IET orders. • Revenue of $6.4 billion, up 12% year-over-year. • Net income attributable to the Company of $455 million. • GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43. • Adjusted EBITDA* of $943”

Farmers & Merchants Bancshares, Inc. reported the three months ended March 31, 2024 results: net income $1,219,987, EPS $0.39 per common share (basic and diluted).

“FARMERS AND MERCHANTS BANCSHARES, INC. REPORTS EARNINGS OF $1,219,987 OR $0.39 PER SHARE FOR THE THREE MONTHS ENDED MARCH 31, 2024”

MainStreet Bancshares, Inc. reported the first quarter of 2024 results: net income $2.77 million.

“MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024.”

Southern States Bancshares, Inc. reported First Quarter 2024 results: net income $8.1 million, EPS $0.90 per diluted share.

“Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results”

FVCBankcorp, Inc. reported first quarter of 2024 results: net income $1.3 million, EPS $0.07 diluted earnings per share.

“On April 23, 2024, FVCBankcorp, Inc. (the “Company”) issued a press release reporting its financial results for the period ended March 31, 2024.”

Avangrid, Inc. reported financial results for for the first quarter ended March 31, 2024.

“On April 23, 2024, Avangrid, Inc. (the “Corporation”) issued and posted a news release to its website (www.avangrid.com) announcing its financial results for the three-month period ended March 31, 2024. A copy of the Corporation’s press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.”

KKR Real Estate Finance Trust Inc. reported the quarter ended March 31, 2024 results: net income ($8.7) million, or ($0.13) per diluted share of common stock, EPS ($0.13) per diluted share of common stock.

“KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today reported its financial results for the quarter ended March 31, 2024. Reported net loss attributable to common stockholders of ($8.7) million, or ($0.13) per diluted share of common stock, for the three months ended March 31, 2024”

Weatherford International plc reported the first quarter ended March 31, 2024 results: revenue $1,358 million, net income $112 million. Guidance raised.

“ews Release Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance • First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% • First quarter operating income of $233 million increased 26% year-over-year • First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year • First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-year • Cash provided by operating activities of $131 million, and adjusted free cash flow* of $82 million • Debt repayments of $167 million on our 6.50% Senior Secured Notes in the first quarter of 2024 • Issued notice to redeem the remaining $82 million of our 6.5% Senior Secured Notes, leaving only the $1.6 billion long term notes due 2030 outstanding thereafter • Expanded the si”

XPLR Infrastructure, LP updated its run-rate at Dec. 31, 2024 guidance (reaffirmed).

“NextEra Energy Partners continues to expect run-rate contributions for adjusted EBITDA and CAFD from its forecasted portfolio at Dec. 31, 2024, to be in the ranges of $1.9 billion to $2.1 billion and $730 million to $820 million, respectively.”

XPLR Infrastructure, LP reported financial results for first-quarter 2024.

“NextEra Energy Partners, LP (NYSE: NEP) today reported first-quarter 2024 net income attributable to NextEra Energy Partners of $70 million.”

Independent Bank Group, Inc. reported the quarter ended March 31, 2024 results: net income $24.2 million, EPS $0.58 per diluted share.

“Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $24.2 million, or $0.58 per diluted share, for the quarter ended March 31, 2024”

Enova International, Inc. reported the first quarter ended March 31, 2024 results: revenue $610 million, net income $48 million, or $1.64 per diluted share, EPS $1.64 per diluted share.

“in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Enova Reports First Quarter 2024 Results • Total revenue increased 26% from the first quarter of 2023 to $610 million • Diluted earnings per share and adjusted earnings per share increased 5% and 7% from the first quarter of 2023 to $1.64 and $1.91, respectively • Total company combined loans”

Matador Resources Co updated its the first quarter of 2024 guidance (raised).

“Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2024.”

Artisan Partners Asset Management Inc. reported financial results for the three months ended March 31, 2024.

“On April 23, 2024 , Artisan Partners Asset Management Inc. (the “Company”) issued a press release announcing the availability of certain consolidated financial and operating results for the three months ended March 31, 2024.”

Veritex Holdings, Inc. reported quarter ended March 31, 2024 results: net income $24,156, EPS 0.44.

“On April 23, 2024, Veritex Holdings, Inc. (the “Company”), the holding company for Veritex Community Bank, a Texas state chartered bank, issued a press release describing its results of operations for the first quarter and year ended March 31, 2024.”

Eagle Bancorp Montana, Inc. reported the quarter ended March 31, 2024 results: net income $1.9 million, EPS $0.24 per diluted share.

“Eagle Bancorp Montana, Inc. announced its results of operations for the quarter ended March 31, 2024.”

Pebblebrook Hotel Trust reported Q2 2024 results: net income $18.8 to $23.8 million. Guidance initiated.

“Q2 2024 OUTLOOK § Net income: $18.8 to $23.8 million”

Pebblebrook Hotel Trust reported the three months ended March 31, 2024 results: net income ($27.5) million.

“On April 23, 2024, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing the Company’s results of operations for the three months ended March 31, 2024.”

General Motors Co reported first-quarter 2024 results: revenue $43.0 billion, net income $3.0 billion, EPS $2.62. Guidance raised.

“GM Releases 2024 First-Quarter Results and Raises Full-Year Guidance DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter 2024 revenue of $43.0 billion, net income attributable to stockholders of $3.0 billion and EBIT-adjusted of $3.9 billion. GM is also updating its 2024 full-year earnings guidance:”

Enphase Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $263.3 million, net income GAAP net loss of $16.1 million; non-GAAP net income of $48.0 million, EPS GAAP diluted loss per share of $0.12; non-GAAP diluted earnings per share of $0.35.

“today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million in the first quarter of 2024, along with 46.2% for non-GAAP gross margin. We shipped 1,382,195 microinverters, or approximately 603.6 megawatts DC, and 75.5 megawatt hours of IQ”

Zurn Elkay Water Solutions Corp updated its the quarter ended March 31, 2024 guidance (reaffirmed).

“Zurn Elkay Water Solutions Corporation (the "Company") is filing this Current Report on Form 8-K to furnish its earnings release dated April 23, 2024, regarding its financial results for the quarter ended March 31, 2024, which is furnished herewith as Exhibit 99.1.”

Philip Morris International Inc. reported the quarter ended March 31, 2024 results: EPS $1.38. Guidance raised.

“On April 23, 2024, Philip Morris International Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024”

MSCI Inc. reported First quarter ended March 31, 2024 results: revenue Operating revenues of $680.0 million, net income Net income of $256.0 million, EPS Diluted EPS of $3.22.

“Operating revenues of $680.0 million, up 14.8%; Organic operating revenue growth of 10.3%”

RETAIL OPPORTUNITY INVESTMENTS CORP reported three months ended March 31, 2024 results: net income $11.0 million, EPS $0.09 per diluted share. Guidance reaffirmed.

“On April 23, 2024, Retail Opportunity Investments Corp. (the "Company") issued an earnings release announcing its financial results for the quarter ended March 31, 2024.”