secwatch / observer

Earnings Releases

Quarterly and annual results disclosed under 8-K Item 2.02.

8-K items 2.02 JSON
BKU BankUnited, Inc.

BankUnited, Inc. reported the quarter ended March 31, 2024 results: net income $48.0 million, EPS $0.64 per diluted share.

“On April 17, 2024, BankUnited, Inc. (the “Company”) reported its results for the quarter ended March 31, 2024.”
KNX Knight-Swift Transportation Holdings Inc.

Knight-Swift Transportation Holdings Inc. reported first and second quarters of 2024 results: EPS $0.11 to $0.12 (first quarter) and $0.26 to $0.30 (second quarter). Guidance lowered.

“the Company now expects that Adjusted EPS (1) for the first quarter of 2024 will range from $0.11 to $0.12 (which is an update from the previously-announced expectation of $0.37 to $0.41).”
SRXH SRx Health Solutions, Inc.

SRx Health Solutions, Inc. reported financial results for the fourth quarter and year ended December 31, 2023.

“Better Choice Company Inc., a Delaware corporation (“the Company”), announced its financial results for the fourth quarter and year ended December 31, 2023.”
BEEM Beam Global

Beam Global reported the fourth quarter of 2023 results: revenue $20.0 million.

“For the fourth quarter of 2023, Beam Global reported record revenues of $20.0 million, a 154% increase over the same period in 2022.”
BEEM Beam Global

Beam Global reported the year ended December 31, 2023 results: revenue $67.4 million, net income $5.1 million.

“Full year revenues for 2023 were a record $67.4 million, a 206% increase over 2022.”
Discover Financial Services

Discover Financial Services reported the quarter ended March 31, 2024 results: revenue $4,210, net income $308 million, EPS $1.10 per diluted share.

“PER SHARE First Quarter 2024 Results 2024 2023 (1) YOY Change Total loans, end of period (in billions) $126.6 $112.7 12% Total revenue net of interest expense (in millions) $4,210 $3,742 13% Total net charge-off rate 4.92% 2.72% 220 bps Net income/(loss) (in millions) $308 $968 (68%) Diluted EPS $1.10 $3.55 (69%) Note(s) 1. The comparative prior quarter”
CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. reported preliminary financial results for the fiscal year ended December 31, 2023.

“On April 11, 2024, the Company filed with the Bankruptcy Court preliminary unaudited financial information for the fiscal year ended December 31, 2023.”
LVS LAS VEGAS SANDS CORP

LAS VEGAS SANDS CORP reported the quarter ended March 31, 2024 results: revenue $2.96 billion, net income $583 million.

“--- EX-99.1 (EX-99.1) --- PRESS RELEASE For Immediate Release Las Vegas Sands Reports First Quarter 2024 Results For the quarter ended March 31, 2024 • Net Revenue of $2.96 billion and Net Income of $583 million • Consolidated Adjusted Property EBITDA Reached $1.21 billion • Macao Adjusted Property EBITDA of $610 million ◦ Low Hold on Rolling Play in Macao”
CNS COHEN & STEERS, INC.

COHEN & STEERS, INC. reported the quarter ended March 31, 2024 results: revenue $122,710, net income $34,004, EPS $0.68.

“31, 2024. Financial Highlights (in thousands, except percentages and per share data) Three Months Ended March 31, 2024 December 31, 2023 $ Change % Change U.S. GAAP Revenue $ 122,710 $ 119,188 $ 3,522 3.0 % Expenses $ 82,445 $ 81,322 $ 1,123 1.4 % Operating income $ 40,265 $ 37,866 $ 2,399 6.3 % Non-operating income (loss) (1) $ 5,037 $ 16,651 $ (11,614) (69.7”
MMLP MARTIN MIDSTREAM PARTNERS L.P.

MARTIN MIDSTREAM PARTNERS L.P. reported the quarter ended March 31, 2024 results: revenue $ 180.8, net income $ 3.3, EPS $ 0.08. Guidance reaffirmed.

“Three Months Ended March 31, 2024 $ 3.3 $ 0.08 $ 30.4 $ 30.4 $ 10.1 $ 5.6 $ 180.8”
PLBC PLUMAS BANCORP

PLUMAS BANCORP reported the three months ended March 31, 2023 results: EPS $1.30 per share.

“Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced first quarter earnings of $6.3 million or $1.06 per share, down from $7.6 million or $1.30 per share during the first quarter of 2023.”
PLBC PLUMAS BANCORP

PLUMAS BANCORP reported the three months ended March 31, 2024 results: EPS $1.06 per share.

“Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced first quarter earnings of $6.3 million or $1.06 per share, down from $7.6 million or $1.30 per share during the first quarter of 2023.”
GLGI GREYSTONE LOGISTICS, INC.

GREYSTONE LOGISTICS, INC. reported three months ended February 29, 2024 results: revenue $13,980,009, net income $297,929, EPS $0.01.

“Earnings per share of common stock for the three months ended February 29, 2024 were $0.01 per compared to $0.13 per share. Net income for the three months ended February 29, 2024 and 2023 was $297,929 and $3,695,496, respectively. Sales for the nine months ended February 29, 2024, were $46,990,716 compared to sales of $44,633,542 in the prior period. Gross profit margins were 19.2% and 13.5% for the nine months ended February 29, 2024 and 2023, respectively. Sales for the three months ended February 29, 2024, were $13,980,009 compared to sales of $13,578,269 in the prior period.”
GLGI GREYSTONE LOGISTICS, INC.

GREYSTONE LOGISTICS, INC. reported nine months ended February 29, 2024 results: revenue $46,990,716, net income $3,006,974, EPS $0.09.

“Greystone reported earnings per share of common stock for the nine months ended February 29, 2024 of $0.09 compared to $0.16 for the prior period. Net income was $3,006,974 for the nine months ended February 29, 2024 compared to $4,881,990 for the nine months ended February 28, 2023 which included other income of approximately $3.2 million from realization of federal tax credits and a gain from deconsolidation of a variable interest entity. EBITDA for the nine months ended February 29, 2024, was $9,660,949 compared to $10,109,572 for the nine months ended February 28, 2023. Earnings per share of common stock for the three months ended February 29, 2024 were $0.01 per compared to $0.13 per share. Net income for the three months ended February 29, 2024 and 2023 was $297,929 and $3,695,496, respectively. Sales for the nine months ended February 29, 2024, were $46,990,716 compared to sales of $44,633,542 in the prior period.”
FMCB FARMERS & MERCHANTS BANCORP

FARMERS & MERCHANTS BANCORP reported the first quarter of 2024 results: net income $22.7 million, EPS $30.56 per diluted common share.

“Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), reported net income of $22.7 million, or $30.56 per diluted common share for the first quarter of 2024”
PLD Prologis, Inc.

Prologis, Inc. reported first quarter 2024 results: net income $0.63, EPS $0.63.

“Net earnings per diluted share was $0.63 for the first quarter of 2024”
CCI CROWN CASTLE INC.

CROWN CASTLE INC. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

“CROWN CASTLE REPORTS FIRST QUARTER 2024 RESULTS AND MAINTAINS OUTLOOK FOR FULL YEAR 2024”
FIRST INDUSTRIAL LP

FIRST INDUSTRIAL LP reported 2024 results: net income $ 1.49 $ 1.59, EPS $ 2.53 $ 2.63. Guidance lowered.

“Low End of High End of Guidance for 2024 Guidance for 2024 (Per share/unit) (Per share/unit) Net Income Available to Common Stockholders $ 1.49 $ 1.59 Add: Depreciation and Other Amortization of Real Estate 1.26 1.26 Less: Gain on Sale of Real Estate, Net of Allocable Income Tax Provision (Including Joint Venture) and Net of Joint Venture Noncontrolling Interest, Through April 17, 2024 (0.22) (0.22) NAREIT Funds From Operations (1) $ 2.53 $ 2.63”
FIRST INDUSTRIAL LP

FIRST INDUSTRIAL LP reported first quarter of 2024 results: EPS $0.52. Guidance reaffirmed.

“First Industrial's diluted net income available to common stockholders per share (EPS) was $0.52 in the first quarter, compared to $0.42 a year ago and first quarter funds from operations (FFO) was $0.60 per share/unit on a diluted basis, compared to $0.59 per share/unit a year ago.”
WTFC WINTRUST FINANCIAL CORP

WINTRUST FINANCIAL CORP reported financial results for first quarter of 2024.

“On April 17, 2024, Wintrust Financial Corporation (the "Company") announced earnings for the first quarter of 2024 and posted on its website the First Quarter 2024 Earnings Release Presentation.”
MS MORGAN STANLEY

MORGAN STANLEY reported first quarter ended March 31, 2024 results: revenue $15.1 billion, net income $3.4 billion, EPS $2.02.

“Morgan Stanley Reports Net Revenues of $15.1 Billion, EPS of $2.02 and ROTCE of 19.7% NEW YORK, April 16, 2024 – Morgan Stanley (NYSE: MS) today reported net revenues of $15.1 billion for the first quarter ended March 31, 2024 compared with $14.5 billion a year ago. Net income applicable to Morgan Stanley was $3.4 billion, or $2.02 per diluted share”
VBI Vaccines Inc/BC

VBI Vaccines Inc/BC reported the year ended December 31, 2023 results: revenue $3.1 million.

“Product revenue, net of $3.1 million in 2023 compared to $0.9 million in 2022, a 234% year-over-year increase”
HWC HANCOCK WHITNEY CORP

HANCOCK WHITNEY CORP reported first quarter ended March 31, 2024 results: net income $108.6 million, EPS $1.24 per diluted common share.

“On April 16, 2024, Hancock Whitney Corporation (the “ Company ”) announced financial results for its first quarter ended March 31, 2024.”
JBHT HUNT J B TRANSPORT SERVICES INC

HUNT J B TRANSPORT SERVICES INC reported first quarter ended March 31, 2024 results: revenue $2.94 billion, net income $127.5 million, EPS $1.22.

“FOR IMMEDIATE RELEASE J.B. HUNT TRANSPORT SERVICES, INC. REPORTS U.S. GAAP REVENUES, NET EARNINGS AND EARNINGS PER SHARE FOR THE FIRST QUARTER 2024 ■ First Quarter 2024 Revenue: $2.94 billion; down 9% ■ First Quarter 2024 Operating Income: $194.4 million; down 30% ■ First Quarter 2024 EPS: $1.22 vs. $1.89; down 35% LOWELL, Ark., April 16, 2024 - J.B. Hunt Transport”
NTRS NORTHERN TRUST CORP

NORTHERN TRUST CORP reported Q1 2024 results: revenue $ 1,654.1, net income $ 214.7, EPS $ 0.96.

“FINANCIAL SUMMARY & KEY METRICS % Change Q1 2024 vs. ($ In Millions except per share data) Q1 2024 Q4 2023 Q1 2023 Q4 2023 Q1 2023 Trust, Investment and Other Servicing Fees $ 1,142.9 $ 1,090.0 $ 1,063.6 5 % 7 % Other Noninterest Income (Loss) (24.2) (27.8) 149.8 (13) N/M Net Interest Income (FTE*) 535.4 501.1 544.4 7 (2) Total Revenue (FTE*) $ 1,654.1 $ 1,563.3 $ 1,757.8 6 % (6) % Noninterest Expense $ 1,364.7 $ 1,388.5 $ 1,285.6 (2) % 6 % Provision for Credit Losses (8.5) 11.0 15.0 N/M N/M Provision for Income Taxes 75.9 32.7 109.4 133 (31) FTE Adjustment* 7.3 18.0 13.2 (59) (45) Net Income $ 214.7 $ 113.1 $ 334.6 90 % (36) % Earnings Allocated to Common and Potential Common Shares $ 196.1 $ 106.5 $ 315.2 84 % (38) % Diluted Earnings per Common Share $ 0.96 $ 0.52 $ 1.51 85 % (37) %”
PNC PNC FINANCIAL SERVICES GROUP, INC.

PNC FINANCIAL SERVICES GROUP, INC. reported first quarter of 2024 results: revenue $5,145 million, net income $1,344 million, EPS $3.10 diluted earnings per share.

“PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 million FDIC Special Assessment”
BAC BANK OF AMERICA CORP /DE/

BANK OF AMERICA CORP /DE/ reported financial results for the first quarter ended March 31, 2024.

“announced financial results for the first quarter ended March 31, 2024, reporting first quarter net income of $6.7 billion, or $0.76 per diluted share”
ASRV AMERISERV FINANCIAL INC /PA/

AMERISERV FINANCIAL INC /PA/ reported first quarter 2024 results: net income $1,904,000, EPS $0.11 per diluted common share.

“AMERISERV FINANCIAL, Inc. (the "Registrant") announced first quarter 2024 results through March 31, 2024.”
FULT FULTON FINANCIAL CORP

FULTON FINANCIAL CORP reported the first quarter ended March 31, 2024 results: net income $59.4 million, EPS $0.36 per diluted share.

“Fulton Financial Corporation (NASDAQ: FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $59.4 million, or $0.36 per diluted share, for the first quarter of 2024”
MSB MESABI TRUST

MESABI TRUST reported the same period last year results: EPS twenty-nine cents ($0.29) per Unit.

“ESABI TRUST PRESS RELEASE April 16, 2024 @ 04:05 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE) Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twenty-nine cents ($0.29) per Unit of Beneficial Interest payable on May 20, 2024 to Mesabi Trust Unitholders of record at the close of business on April 30, 2024.”
OMC OMNICOM GROUP INC.

OMNICOM GROUP INC. reported the three months ended March 31, 2024 results: revenue $3,630.5 million, net income $318.6 million, EPS $1.59.

“strategic platform assets. 280 Park Avenue, New York, NY 10017. Tel (212) 415-3672 Revenue Reported revenue in the first quarter of 2024 increased $187.2 million, or 5.4%, to $3,630.5 million. Worldwide revenue growth in the first quarter of 2024 compared to the first quarter of 2023 was led by an increase in organic growth of $136.9 million, or 4.0%. Acquisition”
JNJ JOHNSON & JOHNSON

JOHNSON & JOHNSON reported first quarter ended March 31, 2024 results: revenue $21,383 million, net income $5,354 million, EPS $2.20.

“On April 16, 2024, Johnson & Johnson issued the attached press release (Exhibit 99.1) announcing its sales and earnings for the first quarter ended March 31, 2024.”
CBSH COMMERCE BANCSHARES INC /MO/

COMMERCE BANCSHARES INC /MO/ reported financial results for first quarter 2024.

“A copy of the press release issued April 16, 2024 by Commerce Bancshares, Inc. announcing First Quarter 2024 earnings is furnished under Item 2.02 of this Current Report on Form 8-K as Exhibit 99.1.”
BLMH BLUM HOLDINGS, INC.

BLUM HOLDINGS, INC. reported financial results for fourth quarter and year ended December 31, 2023.

“Blum Holdings, Inc. (the “Company”) issued a press release announcing financial results for its fourth quarter and year ended December 31, 2023.”
MAMO Massimo Group

Massimo Group reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

“Massimo Group (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.”
BRLS Borealis Foods Inc.

Borealis Foods Inc. reported financial results for 2023.

“Reflecting on 2023, I am proud to acknowledge the remarkable strides Borealis has made, and I extend my deepest gratitude to our dedicated team for their unwavering commitment. Borealis had a remarkable 2023, marking yet another year of revenue growth and achievements across all our business initiatives, while maintaining our steadfast commitment to our cause and core values.”
SCLX Scilex Holding Co

Scilex Holding Co reported quarter ended March 31, 2024 results: revenue ZTlido gross sales for the first quarter of 2024 were in the range of $34.0 million to $38.0 million.

“Scilex Holding Company (the “Company”) is providing certain preliminary unaudited financial results for the quarter ended March 31, 2024 based on currently available information.”
BFC Bank First Corp

Bank First Corp reported first quarter of 2024 results: net income $15.4 million, EPS $1.51 per share.

“Bank First Announces Net Income for the First Quarter of 2024”
Intra-Cellular Therapies, Inc.

Intra-Cellular Therapies, Inc. reported for the three months ended March 31, 2024 results: revenue $144.8 million.

“While we have not finalized our financial results for the first quarter of 2024, we expect to report that, for the three months ended March 31, 2024, our CAPLYTA net product sales were approximately $144.8 million, and as of March 31, 2024, we had cash, cash equivalents, investment securities and restricted cash of approximately $477 million. These amounts are preliminary, unaudited and may change, were prepared by management and are based on the most current information available to management”
SSSS SURO CAPITAL CORP.

SURO CAPITAL CORP. reported preliminary financial results for first quarter ended March 31, 2024.

“On April 16, 2024, SuRo Capital Corp. (“SuRo Capital” or the “Company”) issued a press release containing preliminary estimates of its results for the first quarter ended March 31, 2024”
IVF INVO Fertility, Inc.

INVO Fertility, Inc. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $1,381,754, net income $(2.0) million.

“INVO Reports Fourth Quarter and Full Year 2023 Financial Results SARASOTA, Fla., April 16, 2024 -- INVO Bioscience, Inc. (Nasdaq: INVO) (“INVO” or the “Company”), a healthcare services fertility company focused on expanding access to advanced treatment worldwide through the establishment and acquisition of fertility clinics, and with the intravaginal culture (“IVC”) procedure enabled by its INVOcell® medical device, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023 and provided a business update. Q4 2023 Financial Highlights (all metrics compared to Q4 2022 unless otherwise noted) ● Revenue was $1,381,754, an increase of 397% compared to $278,142. ● Clinic revenue increased 519% to $1,362,938, compared to $220,253. All reported clinic revenue is derived from the Company’s INVO Center in Atlanta, Georgia, and fertility clinic in Madison, Wisconsin which are consolidated in the Company’s financial statements. ● Revenue from all clinics, incl”
APPN APPIAN CORP

APPIAN CORP reported first quarter ended March 31, 2024 results: revenue $149.8 million.

“Revenue: Cloud subscriptions revenue is expected to be $86.6 million, up 24% compared to the first quarter of 2023. • Total Revenue: Total revenue is expected to be $149.8 million, up 11% compared to the first quarter of 2023. • GAAP net loss: GAAP net loss is expected to be between $(33.9) million and $(32.4) million, compared to $(36.8) million for the”
ENBP ENB Financial Corp

ENB Financial Corp reported first quarter of 2024 results: net income $3,941,000, EPS $0.70.

“ENB Financial Corp Reports First Quarter 2024 Results (April 15, 2024) -- Ephrata, PA – ENB Financial Corp (OTCQX: ENBP), the bank holding company for Ephrata National Bank, reports net income for the first quarter of 2024 of $3,941,000”
XWEL XWELL, Inc.

XWELL, Inc. reported financial results for fiscal year ended December 31, 2023.

“On April 16, 2024, XWELL, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal year ended December 31, 2023, and provided a corporate update.”
MAIN Main Street Capital CORP

Main Street Capital CORP reported first quarter of 2024 results: net income $1.04 to $1.06 per share.

“Main Street’s preliminary estimate of first quarter 2024 net investment income (“NII”) is $1.04 to $1.06 per share”
BK Bank of New York Mellon Corp

Bank of New York Mellon Corp reported the first quarter ended March 31, 2024 results: revenue $4.5 billion, EPS $1.25.

“last year. In the first quarter, we delivered double-digit EPS growth as well as pre-tax margin and ROTCE expansion on the back of positive operating leverage. Total revenue of $4.5 billion was up 3% year-over-year, as 8% growth in investment services fees led by strength in Asset Servicing, Issuer Services and Clearance and Collateral Management more than offset”
IBKR Interactive Brokers Group, Inc.

Interactive Brokers Group, Inc. reported the quarter ended March 31, 2024 results: revenue $1,203 million, EPS $1.61.

“2 ibkr-8k_20240331er.htm 1Q24 EARNINGS RELEASE INTERACTIVE BROKERS GROUP ANNOUNCES 1Q2024 RESULTS — — — GAAP DILUTED EPS OF $1.61, ADJUSTED 1 EPS OF $1.64 GAAP NET REVENUES OF $1,203 MILLION, ADJUSTED NET REVENUES OF $1,216 MILLION RAISES QUARTERLY DIVIDEND FROM $0.10 TO $0.25 GREENWICH, CT, April 16, 2024 — Interactive Brokers Group, Inc. (Nasdaq: IBKR), an”
PACB PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. reported 2024 results: revenue $170 million to $200 million. Guidance lowered.

“PacBio now expects 2024 revenue to be in the range of $170 million to $200 million.”
PACB PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. reported the quarter ended March 31, 2024 results: revenue $38.8 million. Guidance lowered.

“– PacBio (NASDAQ: PACB) today announced preliminary, unaudited revenue for the quarter ended March 31, 2024. Preliminary First Quarter Results · Preliminary revenue of $38.8 million, roughly flat compared with $38.9 million in the prior-year period. · Instrument revenue of $19.0 million compared with $20.7 million in the prior-year period. · Consumables”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.