Several analysts revised the price target on Norfolk Southern Corporation NSC following third quarter results.On Tuesday, Norfolk Southern reported adjusted earnings of $3.25 per share, beating analyst estimates of $3.11 per share.The company said it remains on track to achieve its adjusted operating ratio targets for the second half and full year of 2024.RBC Capital Markets analyst Walter Spracklin raised the price target to $282 from $272 while maintaining the Outperform rating.The analyst writes that the ...

ATLANTA, Oct. 23, 2024 /PRNewswire/ -- Southern Company today announced the retirement of Martin B. Davis as executive vice president and chief information officer, effective April 1, 2025.Southern Company announced the retirement of Martin B. Davis as executive vice president and chief information officer, effective April 1, 2025."Martin has served this company with the utmost distinction," said chairman, president and CEO Chris Womack. "His leadership fostered greater advancement and alignment of the info ...

COLDWATER, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter net income of $2,586,000, or $0.57 per share, compared to net income of $2,767,000, or $0.61 per share, for the third quarter of 2023. For the first nine months of 2024, Southern earned $7,751,000 or $1.70 per share, compared with $8,468,000 or $1.86 per share, for the same nine-month period one year ago.   John R. Waldron, President and Chief Executive Officer of Southern Michigan Ba ...

The Southern Company’s (SO) largest electric subsidiary, Georgia Power, has been awarded $160 million in funding by the Department of Energy (“DOE”) under the Grid Resilience and Innovation Partnerships (GRIP) Program. The funding under this program is intended to support grid resilience against extreme weather conditions, improve grid flexibility and ensure affordable and reliable electricity access across American communities.Transforming Georgia's Power GridWith federal funding, the utility aims to integ ...

Norfolk Southern Corporation’s (NSC) third-quarter 2024 earnings (excluding $1.6 from non-recurring items) of $3.25 per share beat the Zacks Consensus Estimate of $3.10 and increased 22.6% year over year, owing to lower costs.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Railway operating revenues were $3.05 billion in the quarter under review, lagging the Zacks Consensus Estimate of $3.09 billion. The top line increased 2.7% year over year, with the Merchandise and Intermodal segme ...

Productivity initiatives drive further margin improvementOn track to meet adjusted operating ratio targets for second half and full year 2024ATLANTA, Oct. 22, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Tuesday its third quarter 2024 financial results. For the quarter, income from railway operations was $1.6 billion, the operating ratio was 47.7%, and diluted earnings per share were $4.85. After adjusting the results to exclude the impact of railway line sales, the Eastern Ohio i ...

GREENVILLE, S.C., Oct. 22, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended September 30, 2024."Our third quarter results continued our positive momentum and outlook this year. Our focus on building a high-quality balance sheet again rewarded us with outstanding asset quality performance, which is among the industry's best. We are well-positioned for increasing profitability in ...

Tentative agreement comes in advance of the next collective bargaining round, delivering significant future enhancements to pay, health care, and vacation.ATLANTA, Oct. 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that it has reached a tentative five-year collective bargaining agreement with the International Brotherhood of Electrical Workers (IBEW). The most recent agreement pushes the coverage of the union workforce under early tentative deals to approximately 67%.The ...

Funding focused on innovative approaches to expanding transmission capacity and adding resiliency as company works to meet the energy needs of a growing GeorgiaATLANTA, Oct. 21, 2024 /PRNewswire/ -- Georgia Power, the state's largest electric utility serving 2.7 million customers, has been awarded more than $160 million in funding by the Department of Energy (DOE) through its Grid Deployment Office. As Georgia continues to grow, the company is ensuring that customers have access to clean, safe, reliable, an ...

Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted shareCore net income(1) of $8.7 million, or $0.89 per diluted share(1)Core pretax pre-provision net income(1) of $13.8 millionNet interest income of $24.2 million, an increase of $2.7 million from the prior quarterNet interest margin (“NIM”) of 3.65%, up 9 basis points from the prior quarterNIM of 3.66% on a fully-taxable equivalent basis (“NIM - FTE”)(1)Return on average assets (“ROAA”) of 1.05%; retu ...