Latest news with #GBCI
Time of India
9 hours ago
- Health
- Time of India
Pvt hospital gets green certification
Trichy: Kauvery Hospital in Trichy has been awarded the LEED Certified Silver rating by Green Business Certification Inc. (GBCI). The hospital said the certification is in line with the hospital's goals of achieving green building standards through initiatives such as renewable energy generation, efficient water management, and eco-conscious hospital operations. "The certification will encourage the management to further promote energy conservation, water recycling, and renewable energy adoption," said Dr D Senguttuvan, co-founder and executive director of Kauvery Hospitals. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
The Hindu
2 days ago
- Health
- The Hindu
Hospital gets certification
Maa Kauvery, Tiruchi, a unit of KMC Speciality Hospitals, has been awarded LEED Certified Silver rating by Green Business Certification Inc (GBCI) in recognition of the hospital's commitment to sustainable and environmentally responsible healthcare infrastructure by adhering to green building standards. The certificate was presented by Gopalkrishnan, Managing Director, Southeast Asia and Middle East Markets, GBCI, and received by D. Senguttuvan, Co-founder & Executive Director, Kauvery Hospitals, according to a press release from hospital.
Yahoo
26-07-2025
- Business
- Yahoo
Glacier Bancorp Second Quarter 2025 Earnings: EPS Beats Expectations
Glacier Bancorp (NYSE:GBCI) Second Quarter 2025 Results Key Financial Results Revenue: US$220.3m (up 13% from 2Q 2024). Net income: US$52.8m (up 18% from 2Q 2024). Profit margin: 24% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.47 (up from US$0.39 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Glacier Bancorp EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's share price is broadly unchanged from a week ago. Risk Analysis What about risks? Every company has them, and we've spotted 1 warning sign for Glacier Bancorp you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
24-06-2025
- Business
- Yahoo
GBCI Q1 Deep Dive: Margin Expansion and M&A Amid Loan Growth Challenges
Regional banking company Glacier Bancorp (NYSE:GBCI) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 11.1% year on year to $222.6 million. Its non-GAAP profit of $0.48 per share was 4.4% above analysts' consensus estimates. Is now the time to buy GBCI? Find out in our full research report (it's free). Revenue: $222.6 million vs analyst estimates of $225 million (11.1% year-on-year growth, 1.1% miss) Adjusted EPS: $0.48 vs analyst estimates of $0.46 (4.4% beat) Market Capitalization: $4.59 billion Glacier Bancorp's first quarter results were met with a negative market reaction, as revenue missed Wall Street expectations despite double-digit year-over-year growth. Management credited the quarter's results to continued net interest margin expansion, driven by lower deposit costs and higher loan yields, as well as disciplined expense management. CEO Randy Chesler noted the bank's 'solid expense control' and 'excellent' credit performance, but acknowledged that loan balances declined due to accelerated payoffs. Chesler stated, 'We do not expect this trend to continue and still feel good about our loan growth outlook for the year.' Looking ahead, Glacier Bancorp's strategy focuses on sustaining margin improvement, integrating recent acquisitions, and navigating an uncertain economic environment. Management expects structural drivers—such as loan repricing, maturing low-yield investments, and the payoff of high-cost borrowings—to fuel further margin expansion regardless of Federal Reserve action. CFO Ron Copher emphasized a cautious stance on spending given market volatility, while Chief Credit Administrator Tom Dolan highlighted a 'through-the-cycle lens' in underwriting. Chesler added, 'We remain optimistic about the future but want to be prepared if conditions change.' Management attributed first quarter performance to higher loan yields, disciplined expense control, and continued credit quality, while also highlighting the impact of recent and pending acquisitions on future results. Margin expansion continues: The net interest margin rose for the fifth consecutive quarter, surpassing 3% for the first time in two years. Management cited factors like lower deposit costs and higher loan yields, with Chief Investment Officer Byron Pollan stating these improvements are not dependent on Federal Reserve policy changes. Loan balances declined: Despite stronger loan production late in the quarter, total loans decreased due to accelerated payoffs from commercial real estate and multifamily projects achieving stabilization or being sold. Management views the decline as temporary and expects loan growth to resume as headwinds abate and seasonality improves. Credit quality remains strong: Credit performance remained near record levels, with only a single nonaccrual event linked to a management issue rather than broader economic stress. The allowance for credit losses was increased modestly as a precaution, but no material credit deterioration is expected. Expense discipline maintained: Noninterest expense was flat year over year, aided by slower hiring and lower third-party consulting costs. Copher reiterated guidance for stable core expenses excluding merger costs, reflecting a cautious approach amid economic uncertainty. Acquisition activity progresses: The pending Bank of Idaho acquisition is expected to close soon, with management highlighting its strategic fit for expanding Glacier Bancorp's presence in high-growth markets. The deal is anticipated to provide a modest boost to net interest margin and contribute to stable balance sheet growth. Glacier Bancorp's outlook is shaped by expectations for ongoing margin improvement, integration of new acquisitions, and cautious expense management in response to economic uncertainty. Margin drivers remain intact: Management anticipates continued net interest margin expansion through 2025, driven by repricing of existing loans, maturing low-yield investment securities, and repayment of high-cost borrowings. The acquisition of Bank of Idaho is also expected to provide incremental margin lift. Loan growth rebound expected: Although loan balances declined in the first quarter, management is confident that production will improve with stronger pipelines in construction and agriculture lending. Seasonal factors and abating headwinds are expected to support low- to mid-single-digit loan growth for the year. Expense and credit vigilance: The company plans to maintain disciplined expense management, with core noninterest expense guidance excluding merger costs. While credit quality is currently strong, management increased the loan loss reserve as a precaution against potential economic challenges, indicating ongoing vigilance. In the coming quarters, the StockStory team will be watching (1) the pace and success of integrating Bank of Idaho, (2) signs of a sustained rebound in loan growth, particularly in construction and agriculture segments, and (3) evidence that margin expansion can be maintained as high-cost borrowings are repaid. The ability to preserve strong credit quality and control expenses amid ongoing economic uncertainty will also be key performance indicators. Glacier Bancorp currently trades at $41.12, down from $42.50 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). 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Yahoo
13-06-2025
- Politics
- Yahoo
Community gets update on GBCI closure potential
Allouez, Wis. (WFRV) – Community members packed a special meeting at Allouez village hall on Thursday night to get an update on progress to potentially close the unpopular Green Bay Correctional Institution (GBCI). 'We have a problem right now, the facility is overcrowded and it isn't entirely safe,' said state senator Jamie Wall. 'We shouldn't just kick the can down the road indefinitely.' In his budget proposal, Governor Tony Evers included funding to eventually shutter the GBCI as part of a larger statewide prison reform package. During the meeting on Thursday night, senator Wall explained to the community how this would all work. The governor's statewide prison reform package has two distinct parts. There's a policy part to it which focuses on the treatment of prisoners with an emphasis on rehabilitation programs. The other part of the plan is modifying existing juvenile detention centers and prisons and building several new juvenile detention centers. Ashwaubenon Museum holds annual History at the Park, teaching the present about the past This would eventually allow Wisconsin's Department of Corrections officials to relocate the inmates at the GBCI to these new facilities. The goal is to shutter GBCI by 2029. 'It's just a really big deal, a big deal for Allouez, a big deal for Northeast Wisconsin, and it's a big deal for Wisconsin as a whole,' said state representative Benjamin Franklin. Wall, Franklin, and state representative David Steffen attended the special meeting in Allouez on Thursday night to debrief community members on the governor's budget proposal in regards to closing the GBCI and the potential path forward. All three men have been strong advocates for closing down the GBCI. While each legislator said that the Governor's prison reform proposal isn't perfect, they said there were major chunks of it that they could support. 'I think if you look at the overall structure that's something we can support, just need to look at the details that need a few revisions to it,' Franklin told Local 5 News. 'I think the most important thing that we can do is to take that first step on that road that the governor outlined the physical changes to the corrections system,' Wall said. 'That means standing up new juvenile centers including one here in Northeast Wisconsin.' According to Wall, budget negotiations have stalled right now. Joint Finance Committee members are in the process of modifying the governor's budget proposal and it's unknown if they'll include funding to close the GBCI in their version of the document. Wall said that as of Thursday the Joint Finance Committee hasn't reviewed budget items related to the state's department of corrections. All three legislators said they're united in finding a way to close the GBCI. It's a sentiment echoed by Allouez village leaders who have circulated a petition to close the GBCI that has thousands of signatures. Deputies in Wisconsin help guide snapping turtle safely across rural street GBCI is 126 years old. Proponents of shuttering the facility say that it's understaffed, outdated, costly to maintain, and presents dangers to the inmates living there and all those who work there as well. There's also a lack of vocational and mental health programs for inmates living there which some community members say lead to a high rate of reoffenders. 'It is the roughest, toughest prison that you can think of,' said Jeffrey Watson who said he was a former inmate at GBCI. Allouez village leaders say there's an opportunity to bring in a mixed use development on the prison's property if it were to shut down. According to a preliminary rendering of a potential development there, it could include apartments, storefronts, parks, and much more. 'I want people to be able to walk out of this meeting being very proud of our representatives,' said Allouez village president Jim Rafter who has been a leading voice in the fight to close down the GBCI. 'I believe they all want it to be closed. We have Republicans and Democrats working together to get the job done.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
