Here is a quick summary of earnings reported after the bell Jan. 21.
1. Banner Corporation (BANR) reported net income in the fourth quarter of $12.2 million, or $0.63 per share, compared to $11.6 million, or $0.60 per share, for the fourth quarter a year ago.
Banner's fourth quarter net interest income was $46.7 million, compared to $41.6 million in the fourth quarter a year ago
Analysts expected the company to report net income of $0.63 per share on revenues of $46.78 million for the period.
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2. Orrstown Financial Services, Inc. (ORRF) reported net income for the three months ended December 31, 2014 of $19.1 million, or $2.36 per diluted share, compared to $2.9 million, or $0.36 per diluted share, for the same period in 2013.
Net interest income totaled $8.6 million for the three months ended December 31, 2014, a 0.6% increase from $8.51 million in the same period in 2013.
Analysts expected the company to report net income of $0.25 per share on revenues of $8.51 million for the period.
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3. TrustCo Bank Corp NY (TRST) reported fourth quarter net income was $10.7 million or $0.11 per share compared to $10.6 million or $0.11 per share for the fourth quarter of 2013.
Q4 net interest income was $35.69 million vs $34.58 million a year ago.
Analysts expected the company to report net income of $0.11 per share on revenues of $40.32 million for the period.
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4. United Security Bancshares (UBFO) reported net income of $1.56 million or $0.10 per share for the fourth quarter as compared to $2.95 million or $0.19 per shares for the year ago quarter
Q4 Net interest income was $6.85 million vs $5.34 million a year ago.
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5. Texas Capital Bancshares, Inc. (TCBI) reported Q4 net income of $35.4 million or $0.78 per share vs $27.92 million or $0.67 per share a year ago.
Q4 net interest income was $127.58 million vs $111.48 million a year ago.
Analysts expected the company to report net income of $0.77 per share on revenues of $137.8 million for the period.
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6. Crown Castle International Corp. (CCI) reported fourth-quarter net income to shareholders of $137.07 million or $0.41 per share, compared to a loss of $34.91 million or $0.11 per share, prior year. Funds from Operations increased 118% to $390 million, compared to $179 million in the fourth quarter of 2013. FFO per share was $1.17, compared to $0.56. AFFO per share was $1.04, compared to $0.91 in the fourth quarter of 2014.
On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.05 for the quarter. Analysts' estimates typically exclude special items.
Net revenues increased to $967.56 million from $798.42 million last year. Analysts expected revenue of $931.77 million for the quarter.
The company expects first-quarter AFFO per share in the range of $1.09 to $1.10. Analysts expect the company to report first-quarter earnings per share of $1.08.
The company expects full year 2015 AFFO per share in the range of $4.33 to $4.39. Analysts expect the company to report full year 2015 earnings per share of $4.45.
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7. Covenant Transportation Group, Inc. (CVTI) reported Q4 net income of $13.5 million, or $0.82 per diluted share, compared with net income of $3.3 million, or $0.22 per diluted share in the fourth quarter of 2013
Q4 Total revenue was $206.8 million, an increase of 17.2% compared with the fourth quarter of 2013.
Analysts expected the company to report net income of $0.74 per share on revenues of $190.39 million for the period.
Q1 Outlook
Earnings in the first quarter in a range of $0.10 to $0.18 per share.
Analysts currently expect the company to report net income of $0.05 per share for the period.
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8. American Express Co. (AXP) reported fourth quarter net income of $1.4 billion or $1.39 per share, compared to $1.3 billion or $1.21 per share for the year-ago quarter.
Fourth quarter total revenues net of interest expense rose 7% to $9.11 billion from $8.55 billion a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $1.38 per share on revenue of $8.53 billion for the fourth quarter.
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9. Dolby Laboratories Inc (DLB), the audio, video and voice technologies company, on Wednesday reported first-quarter net earnings of $41.4 million or $0.40 per share compared with $44.5 million or $0.43 per share last year.
Excluding items, adjusted earnings for the quarter were $0.56 per share compared with $0.59 per share a year ago.
Revenues for the quarter were $234.2 million compared with $231.3 million in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.38 per share on revenues of $239.5 million for the quarter. Analysts' estimates typically exclude special items.
Dolby announced a cash dividend of $0.10 per share.
For the second quarter, the company expects net earnings of $0.45 to $0.51 per share, adjusted earnings of $0.60 to $0.66 per share and revenues of $260 million to $270 million. Analysts expect earnings of $0.63 per share on revenues of $267.7 million.
For the full year, the company still projects sales of $970 million to $1 billion, while analysts expect $984.9 million.
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10. 1st Source Corporation (SRCE) reported Q4 net income of $15.00 million, up 9.33% compared to $13.72 million in the fourth quarter of 2013.
Q4 EPS was $0.62, up 10.71% compared to $0.56 per in the fourth quarter of the previous year.
Q4 net interest income was $40.84 million vs $39.03 million a year ago.
Analysts expected the company to report net income of $0.56 per share on revenues of $59.6 million for the period.
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11. F5 Networks, Inc. (FFIV) reported net income for the first quarter of $89.1 million or $1.21 per share, compared to $68.0 million or $0.87 per share for the year-ago quarter.
Excluding the impact of stock-based compensation and amortization of purchased intangible assets, adjusted net income for the first quarter was $114.2 million or $1.55 per share, compared to $94.8 million or $1.22 per share in the prior year quarter.
First quarter revenue rose 14% to $462.8 million from $406.5 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $1.49 per share on revenue of $467.25 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward to the second quarter, the company forecasts revenue of $465 million to $475 million, earnings of $1.07 to $1.10 per share and adjusted earnings of $1.48 to $1.51 per share. Analysts currently expect the company to earn $1.53 per share on revenue of $478.90 million for the second quarter.
The company also said that its board of directors had authorized an additional $750 million for the company's common stock share repurchase program. The new authorization is incremental to the $180.7 million currently unused in the existing program, which was initially authorized in October 2010.
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12. CTPartners Executive Search Inc. (CTP) said it expects GAAP net loss for the fourth quarter to be in the range of $0.3 million to $0.6 million, or $0.04 to $0.08 loss per share, compared to a net income of $0.1 million, $0.02 per share, for last year's fourth quarter.
The Company expects fourth quarter net revenue of approximately $42 million.
Adjusted net income is expected to be in the range of $0.5 million to $0.6 million, or $0.06 to $0.08 per share, compared to adjusted net income of $0.9 million, or $0.12 per share, in the year-ago fourth quarter.
The Company's previous guidance for the 2014 fourth quarter was adjusted EPS in the range of $0.19 to $0.21.
Analysts currently expect the company to report net income of $0.20 per share on revenues of $42.46 million for the period.
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13. Flash memory card maker SanDisk Corp (SNDK) on Wednesday reported fourth-quarter net earnings of $201.9 million or $0.86 per share compared with $337.8 million or $1.45 per share last year.
Excluding items, adjusted earnings for the quarter were $1.30 per share compared with $1.71 per share a year ago.
Revenues for the quarter were $1.74 billion compared with $1.73 billion in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $1.27 per share on revenues of $1.73 billion for the quarter. Analysts' estimates typically exclude special items.
"We delivered record revenue in 2014 with continued progress in shifting our portfolio towards high value solutions," said CEO Sanjay Mehrotra. "Our SSD solutions reached 29 percent of revenue in 2014, with strong growth from both client and enterprise SSDs. We are disappointed with our fourth quarter results, which were impacted primarily by supply constraints. We believe that NAND flash industry fundamentals are healthy, and we expect our financial results to improve as we move through 2015."
SanDisk said its board has authorized an additional $2.5 billion for common stock repurchases under its existing program, and now has about $3 billion remaining available for buyback under the expanded program.
Also SanDisk declared a first-quarter cash dividend of 30 cents per share.
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14. Discover Financial Services (DFS) on Wednesday reported fourth-quarter net earnings to stockholders of $392 million or $0.87 per share compared with $588 million or $1.23 per share last year.
Excluding items, adjusted earnings for the quarter were $1.19 per share.
Revenues net of interest expense for the quarter were $2.04 billion compared with $2.13 billion in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $1.30 per share on revenues of $2.2 billion for the quarter. Analysts' estimates typically exclude special items.
The company's provision for loan losses for the quarter increased to $457 million from $354 million a year ago.
Direct banking expenses increased $77 million, or 10%, from the prior year due to the impairment of goodwill related to the home loans platform, as well as increased marketing spend, professional fees related to technology investments and employee compensation including higher headcount.
Total loans for the quarter rose 6.4% from the prior year to $70 billion.
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15. NVE Corporation (NVEC) reported net income for the third quarter of $2.79 million, or $0.57 per diluted share, compared to $2.78 million, or $0.57 per share, for the prior-year quarter.
Total revenue for the third quarter decreased 3% to $6.29 million from $6.47 million in the prior-year quarter.
Analysts expected the company to report net income of $0.71 per share on revenues of $7.5 million for the period.
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16. Boston Private Financial Holdings, Inc. (BPFH) reported fourth quarter net Income of $12.2 million, compared to $17.7 million for the fourth quarter of 2013.
Fourth quarter 2014 EPS was $0.13 vs $0.20 per share a year ago.
Net Interest Income for the fourth quarter was $44.1 million vs $43.54 million a year ago.
Analysts expected the company to report net income of $0.22 per share on revenues of $46.9 million for the period.
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17. TOP Ships Inc. (TOPS) reported Q3 net income of $1.89 mkillion or $0.77 per share vs $873000 or $0.05 per share a year ago.
Q3 revenue was $6.55 million vs $1.48 million a year ago.
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18.Equipment rental company United Rentals Inc (URI) on Wednesday reported fourth-quarter net earnings of $194 million or $1.88 per share compared with $140 million or $1.31 per share last year.
Excluding items, adjusted earnings for the quarter were $2.19 per share.
Revenues for the quarter were $1.56 billion compared with $1.34 billion in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $2.07 per share on revenues of $1.52 billion for the quarter. Analysts' estimates typically exclude special items.
For the full year 2015, the company expects revenues of $6 billion to $6.2 billion, while analysts expect revenues of $6.16 billion.
The company expects rental capital expenditures in 2015 to be about $1.2 billion.
"Our industry is forecast to have multiple years of growth ahead, and our customers are upbeat. While we expect to see a drag in some trade areas from the slowdown in upstream oil, our exposure is greatly limited by our size, agility and diversification. Furthermore, we believe that low oil prices will be a boon to many sectors we serve, spurring demand in manufacturing and other markets hungry for our fleet," said Michael Kneeland, the company's chief executive officer.
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19. Guaranty Bancorp (GBNK) reported fourth quarter net income of $1.2 million or $0.06 per share as compared to $4.1 million or $0.19 per share in fourth quarter 2013.
Q4 net interest income was $17.68 million vs $16.39 million a year ago.
Analysts expected the company to report net income of $0.24 per share on revenues of $23.03 million for the period.
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20. The First Bancorp (FNLC) reported Q4 net income of $3.43 million or $0.32 per share vs $3.5 million or $0.33 per share a year ago.
Q4 net interest income was $10.05 million vs $9.66 million a year ago.
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21. Community Bank System Inc. (CBU) reported fourth-quarter net income of $23.13 million or $0.56 per share, compared to $15.48 million or $0.38 per share, prior year.
On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items.
Net interest income increased to $61.76 million from $60.64 million. Total noninterest income was $29.93 million, compared to $21.38 million. Total revenue was $91.7 million, an increase of $2.8 million, or 3.2%, over the prior year quarter. Analysts expected revenue of $95.09 million for the quarter.
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22. eBay Inc. (EBAY) reported fourth-quarter net income of $936 million or $0.75 per share, compared to $850 million or $0.65 per share, prior year. Adjusted earnings per share was $0.90, for the quarter.
On average, 39 analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.
Net revenue increased to $4.92 billion from $4.53 billion last year. Analysts expected revenue of $4.93 billion for the quarter.
The company expects first-quarter net revenues in the range of $4.35 billion - $4.45 billion with GAAP earnings per share in the range of $0.37 - $0.43 and non-GAAP earnings per share in the range of $0.68 - $0.71. Analysts expect the company to report first-quarter earnings per share of $0.76 on revenue of $4.70 billion.
The company expects full year 2015 net revenues in the range of $18.60 billion-$19.10 billion with GAAP earnings per share in the range of $2.17 - $2.32 and non-GAAP earnings per share in the range of $3.05 - $3.15. Analysts expect the company to report full year 2015 earnings per share of $3.26 on revenue of $19.97 billion.
Looking forward to 2015, the company said it will be simplifying organizational structures. During the first quarter, the company plans to reduce workforce globally by approximately 2,400 positions which a represents about 7% of total workforce across eBay Marketplaces, PayPal, and eBay Enterprise. The company will also be exploring strategic options for eBay Enterprise, including a sale or IPO.
The company also announced it has entered into a standstill agreement with investor Carl Icahn, the company's largest active shareholder. In addition to certain corporate governance provisions to be adopted by PayPal as an independent company at the time of its spin-off from eBay Inc., the agreement also appoints Icahn Capital executive Jonathan Christodoro to eBay Inc.'s current Board.
The company also announced the appointment of seasoned Wall Street executives Frank Yeary and Perry Traquina to its board. These appointments bring the total number of directors to 15, 13 of whom are independent.
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22. SLM Corp. (SLM), commonly known as Sallie Mae, reported fourth quarter net income of $19.7 million or $0.03 per share, compared to $60.2 million or $0.14 per share for the year-ago quarter.
Core earnings for the quarter were $19.8 million or $0.03 per share, compared to $60.5 million or $0.14 per share in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Net interest income for the fourth quarter rose 23% to $150.7 million from $122.2 million a year earlier, while non-interest income fell to $12.3 million from $79.4 million last year.
Loan originations increased 7% to $557 million in the fourth quarter.
Looking forward, the company forecasts 2015 core earnings in the range of $0.48 to $0.50 per share. Analysts currently expect the company to earn $0.62 er share for the full year 2015.
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23. Eagle Bancorp, Inc. (EGBN) reported net income of $14.55 million or $0.49 per share vs $11.86 million or $0.45 per share a year ago.
Q4 Net interest income was $51.82 million vs $38.71 million a year ago.
Analysts expected the company to report net income of $0.50 per share on revenues of $50.67 million for the period.
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24. SB Financial Group, Inc. (SBFG) reported Q4 net income of $1.52 million or $0.30 per share vs $1.22 million or $0.25 per share a year ago.
Q4 net interest income was $5.6 million vs $5.1 million a year ago.
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25. Navient (NAVI) reported fourth-quarter net income of $263 million or $0.64 per share, compared with $270 million or $0.60 per share for the year-ago quarter.
Core earnings for the quarter were $217 million or $0.53 per share, compared with $274 million or $0.62 per share for the year-ago quarter.
Q4 net interest income was $614 million vs $789 million a year ago.
Analysts expected the company to report net income of $0.54 per share on revenues of $525.6 million for the period.
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26. BancorpSouth, Inc. (BXS) reported net income of $28.7 million, or $0.30 per diluted share, for the fourth quarter of 2014 compared with net income of $27.7 million, or $0.29 per diluted share, for the fourth quarter of 2013
Net interest revenue was $106.4 million for the fourth quarter of 2014, an increase of 3.9 percent from $102.4 million for the fourth quarter of 2013
Analysts expected the company to report net income of $0.32 per share on revenues of $176.28 million for the period.
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27. Xilinx, Inc. (XLNX) reported net income was $168.5 million or $0.62 per share, compared to $175.9 million or $0.61 per share for the year-ago quarter.
The latest quarter results include a $0.02 per share benefit mainly related to the reinstatement of the R&D tax credit.
Third quarter revenue rose 1% to $593.55 million from $586.82 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.61 per share on revenue of $616.59 million for the third quarter. Analysts' estimates typically exclude special items.
Looking forward, the company said it expects fourth quarter sales to be down 2% to down 6% sequentially. Gross margin for the fourth quarter is expected to be about 68% to 69%. Analysts currently expect the company to post revenue of $635.37 million for the fourth quarter.
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28. Innovative Solutions & Support, Inc. (ISSC) reported first quarter 2015 net income of $594,000, or $0.03 per share, compared to net income of $1 million, or $0.06 per share, in the same quarter a year ago.
For the first quarter, the company reported sales of $6.7 million, compared to first quarter fiscal 2014 sales of $11.1 million.
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29. Cohen & Steers, Inc. (CNS) reported net income for the fourth quarter of $15.7 million, or $0.34 per share, compared with $19.4 million or $0.43 per share for the year-ago quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Total revenue for the fourth quarter rose 11.5% to $81.8 million from $73.4 million a year ago.
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30. Cathay General Bancorp (CATY) reported net income of $35.6 million or $0.44 per share vs $31.9 million or $0.40 per share a year ago.
Net interest income was $87.8 million during the fourth quarter of 2014 compared to $82.0 million during the same quarter a year ago.
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31. Access National Corporation (ANCX) reported fourth quarter 2014 net income of $3.5 million, or $0.34 per share vs $3.19 million or $0.31 per share a year ago.
Q4 net interest income was $9.34 million vs $8.11 million a year ago.
Analysts expected the company to report net income of $0.30 per share for the period.
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32. Pacific Continental Corporation (PCBK) reported net income for fourth quarter of $3.6 million or $0.20 per diluted share compared to net income of $3.7 million or $0.20 per diluted share in fourth quarter 2013.
Q4 Net interest income was $14.37 million vs $14.39 million a year ago.
Analysts expected the company to report net income of $0.23 per share on revenues of $15.97 million for the period.
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