Park National Corporation (Park) reported financial results for the first quarter of 2024. The company's net income for the first quarter of 2024 was $35.2 million, a 4.4 percent increase from $33.7 million for the first quarter of 2023. Park's total loans increased 0.7 percent (2.6 percent annualized) during the first quarter of 2024 and increased 6.1% for the 12-month period ended March 31, 2024. The board of directors declared a quarterly cash dividend of $1.06 per common share, payable on June 10, 2024, to common shareholders of record as of May 17, 2024 [712c9793].
Equities researchers at Northland Capmk have raised their Q1 2024 earnings estimates for Northwest Pipe (NASDAQ:NWPX), an industrial products company. Analyst E. Jackson now predicts that the company will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.40. The consensus estimate for Northwest Pipe's full-year earnings is $2.24 per share. In their most recent earnings report, Northwest Pipe announced earnings per share of $0.54 for the quarter, surpassing the consensus estimate of $0.42 by $0.12. The company reported revenue of $110.16 million for the quarter, compared to the consensus estimate of $105.03 million. Northwest Pipe had a return on equity of 6.36% and a net margin of 4.74% [9516afc0].
Monroe Capital Corporation (NASDAQ:) reported stable Q4 earnings with adjusted net investment income of $5.6 million, or $0.26 per share. However, the company's net asset value (NAV) experienced a 1.9% decline due to unrealized losses on certain portfolio companies. Monroe Capital's debt-to-equity ratio improved, decreasing from 1.60x to 1.50x. The company noted a resilient portfolio with robust revenue and EBITDA growth, and a rebound in M&A activity within the lending market. Monroe Capital aims to cover its dividend through adjusted net investment income and achieve positive long-term NAV performance [7ddbe350].