Earnings Releases

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 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”

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”

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.”

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”

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.”

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”

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.”

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.”

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.”

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.”

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.”

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.”

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. 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”

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”

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”

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”

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”

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 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”

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”

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”

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.”

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”

EQUITY BANCSHARES INC reported first quarter ended March 31, 2024 results: net income $14.1 million, EPS $0.90 earnings per diluted share.

“Equity Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”

NICOLET BANKSHARES INC reported first quarter 2024 results: net income net income of $28 million, EPS earnings per diluted common share of $1.82.

“Nicolet Bankshares, Inc. (NYSE: NIC) (“Nicolet”) announced first quarter 2024 net income of $28 million and earnings per diluted common share of $1.82”

GOLD RESOURCE CORP reported preliminary financial results for the first quarter of 2024.

“Gold Resource Corporation issued a news release reporting its preliminary production and select financial results for the first quarter of 2024.”

GOLD RESOURCE CORP reported preliminary financial results for first quarter of 2024.

“On April 15, 2024, Gold Resource Corporation issued a news release reporting its preliminary production and select financial results for the first quarter of 2024.”

Ontrak, Inc. reported the year ended December 31, 2023 results: revenue $12.7 million.

“• Q4 Revenue of $3.5 million, up 41% year over year; and Full Year Revenue of $12.7 million, down 12% year over year”

Ontrak, Inc. reported the fourth quarter of 2023 results: revenue $3.5 million, net income $(6.4) million, EPS $(0.29) diluted net loss per common share.

“Revenue for the fourth quarter of 2023 was $3.5 million, representing a 41% increase compared to the same period in 2022. • Operating loss for the fourth quarter of 2023 was $(5.2) million compared to an operating loss of $(8.0) million for the same period in 2022. • Adjusted EBITDA for the fourth quarter of 2023 was $(3.6) million compared to adjusted EBITDA of $(6.1) million for the same period in 2022. • Net loss for the fourth quarter of 2023 was $(6.4) million, or a $(0.29) diluted net loss per common share (after deduction for undeclared preferred stock dividends), compared to net loss of $(9.1) million, or a $(2.52) diluted net loss per common share (after deduction for undeclared preferred stock dividends) for the same period in 2022.”

NORTHERN OIL & GAS, INC. reported preliminary financial results for the first quarter of 2024.

“On April 16, 2024, Northern Oil and Gas, Inc. issued a press release that includes preliminary financial and operating results for the first quarter of 2024.”

MERCANTILE BANK CORP reported the quarter ended March 31, 2024 results: revenue $58.2 million, net income $21.6 million, EPS $1.34 per diluted share.

“assets, past due loans, and loan charge-offs ● Strong capital position Operating Results Total revenue, consisting of net interest income and noninterest income, was $58.2 million during the first quarter of 2024, up $2.9 million, or 5.2 percent, from $55.3 million during the prior-year first quarter. Net interest income during the first three months of”

United Airlines Holdings, Inc. reported the first quarter of 2024 results: revenue $12.5 billion, net income Net loss of $124 million, EPS Diluted loss per share of $0.38. Guidance reaffirmed.

“plans. 2 United Airlines Reports First-Quarter 2024 Results First-Quarter Financial Results • Capacity up 9.1% compared to first-quarter 2023. • Total operating revenue of $12.5 billion, up 9.7% compared to first-quarter 2023. • TRASM up 0.6% compared to first-quarter 2023. • CASM down 0.6%, and CASM-ex 1 up 4.7%, compared to first-quarter 2023. • Pre-tax loss”

GOLDMAN SACHS GROUP INC reported first quarter ended March 31, 2024 results: revenue $14.21 billion, net income $4.13 billion, EPS $11.58.

“to serve our clients and deliver for our shareholders.” - David Solomon , Chairman and Chief Executive Officer Financial Summary Net Revenues Net Earnings EPS 1Q24 $14.21 billion 1Q24 $4.13 billion 1Q24 $11.58 Annualized ROE 1 Annualized ROTE 1 Book Value Per Share 1Q24 14.8% 1Q24 15.9% 1Q24 $321.10 NEW YORK,”

MITEK SYSTEMS INC reported second fiscal quarter ended March 31, 2024 results: revenue $46 million to $47 million. Guidance reaffirmed.

“Mitek expects fiscal second quarter revenue to be in the range of $46 million to $47 million”

MITEK SYSTEMS INC reported first quarter ended December 31, 2023 results: revenue $36.9 million, net income $5.8 million, EPS negative $0.13 per diluted share. Guidance reaffirmed.

“2024. Mitek also reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 First Quarter Financial Results • Total revenue was $36.9 million, compared to $45.7 million a year ago. • GAAP operating loss was $6.9 million, an operating margin of negative 19%, compared to GAAP operating income of $8.4 million, an”

TUTOR PERINI CORP reported the fiscal quarter ended, and as of, March 31, 2024 results: revenue Revenue in the range of approximately $1.025 billion to $1.075 billion, net income Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million, EPS Diluted EPS in the range of approximately $0.27 per share to $0.32 per share.

“The Company has not yet completed preparation of financial statements for the fiscal quarter ended March 31, 2024, but based on preliminary data available to it, it is providing the following preliminary estimates: • Revenue in the range of approximately $1.025 billion to $1.075 billion; • Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million; • Diluted EPS in the range of approximately $0.27 per share to $0.32 per share;”

CNB FINANCIAL CORP/PA reported three months ended March 31, 2024 results: net income $11.5 million, EPS $0.55 per diluted share.

“CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2024. Executive Summary • Net income available to common shareholders ("earnings") was $11.5 million, or $0.55 per diluted share, for the three months ended March 31, 2024”

M&T BANK CORP reported the quarter ended March 31, 2024 results: net income $531 million, EPS $3.02 of diluted earnings per common share.

“M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $531 million or $3.02 of diluted earnings per common share.”

SCHWAB CHARLES CORP reported the quarter ended March 31, 2024 results: revenue $4.7 billion, net income $1.4 billion, or $.68 diluted earnings per common share, EPS $.68 diluted earnings per common share.

“The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share.”

LUXURBAN HOTELS INC. reported three months ended December 31, 2023 results: revenue $27.5 million.

“Net rental revenue was $27.5 million as compared to $12.9 million”

LUXURBAN HOTELS INC. reported full year ended December 31, 2023 results: revenue $113.4 million, net income $78.5 million net loss.

“LuxUrban Hotels Inc. Announces 2023 Financial Results Net Rental Revenue rose 159% to $113.4 million Net loss of $78.5 million included $61.1 million in non-cash charges and $24.6 million in non-recurring cash costs”

KORE Group Holdings, Inc. updated its quarter and year ended December 31, 2023 guidance (initiated).

“On April 12, 2024, the Company issued a press release disclosing its financial results for the quarter and year ended December 31, 2023.”

Dragonfly Energy Holdings Corp. reported the fourth quarter and full year ended December 31, 2023 results: revenue Net Sales were $10.4 million, net income Net Income of $3.0 million, EPS Diluted Net Income per share was $0.05.

“today reported its financial and operational results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights ● Net Sales were $10.4 million, compared to $20.2 million in Q4 2022 ● Gross Profit was $2.0 million, compared to $4.0 million in Q4 2022 ● Operating expenses were $(5.4) million, compared to $(32.9) million”

Skillsoft Corp. reported Fiscal year ending January 31, 2025 results: revenue $530 million – $550 million. Guidance initiated.

“The following table reflects Skillsoft’s financial outlook for the fiscal year ending January 31, 2025, based on current market conditions, expectations, and assumptions: GAAP Revenue $530 million – $550 million Adjusted EBITDA $105 million – $110 million”

Skillsoft Corp. reported Fiscal year ended January 31, 2024 results: revenue $553 million, net income GAAP net loss of $349 million, EPS GAAP net loss per share of $43.38.

“● Content & Platform segment bookings of $418 million grew 2%. Total bookings of $596 million declined 2%, with growth in the Content & Platform segment offset by a 10% decline in Instructor-Led Training segment bookings to $178 million. ● Content & Platform segment GAAP Revenue of $405 million grew 5%. Total GAAP Revenue of $553 million was approximately flat to prior year, with growth in the Content & Platform segment offset by a 13% decline in Instructor-Led Training segment GAAP Revenue to $148 million. Content & Platform segment pro forma Revenue of $405 million grew 3%. Total pro forma Revenue of $553 million declined 2%, with growth in the Content & Platform segment offset by a 13% decline in Instructor-Led Training segment pro forma Revenue to $148 million. ● GAAP net loss of $349 million favorably compared to a GAAP net loss of $725 million in the prior year. GAAP net loss per share of $43.38 favorably compared to a GAAP net loss per share of $91.26 in the prior year.”

Skillsoft Corp. reported Fourth quarter of fiscal 2024 ended January 31, 2024 results: revenue $138 million, net income GAAP net loss of $245 million, EPS GAAP net loss per share of $30.38.

“● Content & Platform segment GAAP Revenue of $102 million grew 4%. Total GAAP Revenue of $138 million declined 2%, with growth in the Content & Platform segment offset by a 16% decline in Instructor-Led Training segment GAAP Revenue to $36 million. ● GAAP net loss of $245 million included a $202 million non-cash charge for goodwill and intangible impairment, and compared to a GAAP net loss of $53 million in the prior year. GAAP net loss per share of $30.38 compared to a GAAP net loss per share of $6.51 in the prior year.”

REVIVA PHARMACEUTICALS HOLDINGS, INC. reported the full year ended December 31, 2023 results: net income approximately $39.3 million, EPS $1.65 per share.

“For the year ended December 31, 2023, net loss was approximately $39.3 million, or $1.65 per share, compared to approximately $28.3 million, or $1.45 per share, for the year ended December 31, 2022 (as restated).”