Latest news with #GlacierBancorp
Forbes
11 hours ago
- Business
- Forbes
Daily Dividend: Mastercard, McCormick, GBCI, Worthington, SPGI
Mastercard today announced that its Board of Directors has declared a quarterly cash dividend of 76 cents per share. The cash dividend will be paid on August 8, 2025 to holders of record of its Class A common stock and Class B common stock as of July 9, 2025. 10 Oversold Dividend Stocks » The Board of Directors of McCormick declared a quarterly dividend of $0.45 per share on its common stocks, payable July 21, 2025 to shareholders of record July 7, 2025. This is the 101st year of consecutive dividend payments by the Company. Glacier Bancorp's Board of Directors, at a meeting held on June 24, 2025, declared a quarterly dividend of $0.33 per share. The Company has declared 161 consecutive quarterly dividends and has increased the dividend 49 times. The dividend is payable on July 17, 2025, to owners of record on July 8, 2025. The Worthington Enterprises board of directors today declared a quarterly dividend of $0.19 per share, which represents an increase of $0.02 per share or 12% from the prior quarter. The dividend is payable on September 29, 2025, to shareholders of record on September 15, 2025. The Company has paid a quarterly dividend since its initial public offering in 1968. The Board of Directors of S&P Global has approved a cash dividend on the Corporation's common stock for the third quarter of 2025. The dividend of $0.96 is payable on September 10, 2025, to shareholders of record on August 26, 2025. The annualized dividend rate is $3.84 per share. The Company has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500® that has increased its dividend annually for more than 50 years. Other Top Dividends
Yahoo
12 hours ago
- Business
- Yahoo
Glacier Bancorp to acquire Texas bank in $476 million deal
Prolific acquirer Glacier Bancorp has struck a deal to enter Texas, agreeing to purchase Guaranty Bancshares in Mount Pleasant for $476 million in stock. The transaction is expected to close early in the fourth quarter, after which the 112-year-old Guaranty will retain its brand identity and operate as a division of the $27.9 billion-asset Glacier. Guaranty Chairman and CEO Ty Abston will serve as the division's CEO. This setup is typical for Glacier, based on its past acquisitions. Guaranty would be Glacier's 18th division. Glacier, which operates in Arizona, New Mexico and Oklahoma, saw the opportunity to acquire the $3.2 billion-asset Guaranty as a means to "further expand our presence in the Southwest," CEO Randy Chesler said Tuesday in a press release. The deal "will allow us to enter a complementary state with an exceptional demographic profile, strong growth prospects, and a business-friendly operating environment," Chesler said. Abston characterized the merger as "a perfect opportunity to position Guaranty Bank & Trust for the future." Glacier bought banks with regularity prior to the COVID-19 pandemic, announcing eight acquisitions between 2015 and 2019. The pandemic brought a lull, with just two deals announced between 2020 and 2024. Guaranty represents the company's second combination in 2025, and Janney Montgomery Scott analyst Timothy Coffey expects to see the more rapid expansion pace continue. "We believe GBCI's acquisition strategy is about to be supercharged with its entry in the Texas market and deeper penetration in the broader Southwest market," Coffey wrote Wednesday in a research note. The region is target-rich, with 200 banks holding assets of $500 million to $10 billion, Coffey noted, adding Glacier "has a strong currency, and the regulatory roadblocks to completing the transactions are coming down." Glacier unveiled plans to acquire the $1.3 billion-asset Bank of Idaho in Idaho Falls in January. It closed the deal on May 1. Chesler said Guaranty would be Glacier's second-largest acquisition, behind its purchase of the $3.5 billion-asset Altabancorp in Grand Fork, Utah, in 2021. Chesler said Glacier's immediate focus would be on closing and integrating its deal for Guaranty but added the company wouldn't stay on the sidelines indefinitely. "Once we're comfortable with [Guaranty], then we can think about M&A, both in the Mountain West but now really an enhanced opportunity in the Southwest," Chesler said Wednesday on a conference call with analysts. "There's some great banks in Texas that we think over the long haul can be really good partners." Glacier has been eyeing both the Texas marketplace and a link to Guaranty for years, according to Chesler, who noted that the deal with Guaranty was a negotiated transaction that followed an extended courtship. "We've been talking to Guaranty for years," Chesler said on the conference call. "We've spent time with them and they've been up to Kalispell (Montana) … I don't think we could have identified a better partner to enter Texas." Guaranty operates 33 branches in East Texas, maintaining a presence in the region's largest markets, Dallas, Houston and Austin. Its approach to banking major urban centers approximates Glacier's strategy in Denver, Phoenix and other big cities. "They serve the small businesses that support the city center," Chesler said. "Now they can continue what they've always done, backed by a $30 billion balance sheet and enhanced technology." Guaranty reported first-quarter net income totaling $8.6 million, up 28% from the same period in 2024. Glacier expects the Guaranty deal to be about 7.5% accretive to earnings in 2026 and 2027. Chesler said he expects the deal will be well-received by regulators. "It's a well-run bank," he said. "I really don't expect any issues with this." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- 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). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Yahoo
11-06-2025
- Business
- Yahoo
3 Bank Stocks in Hot Water
Banks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. But concerns about loan losses and tightening regulations have tempered enthusiasm, and over the past six months, the banking industry has pulled back by 10.6%. This drawdown was especially disappointing since the S&P 500 held steady. A cautious approach is imperative when dabbling in banks as many are sensitive to interest rate changes and economic cycles. With that said, here are three bank stocks we're swiping left on. Market Cap: $5.70 billion Founded in Conway, Arkansas in 1998 and growing through strategic acquisitions across the Southeast, Home Bancshares (NYSE:HOMB) operates as the bank holding company for Centennial Bank, providing commercial and retail banking services to businesses and individuals across multiple states. Why Is HOMB Not Exciting? Sales stagnated over the last two years and signal the need for new growth strategies Estimated net interest income growth of 1.4% for the next 12 months implies demand will slow from its four-year trend Productivity and efficiency ratio profits are expected to increase next year as some fixed cost leverage kicks in Home Bancshares's stock price of $28.75 implies a valuation ratio of 1.4x forward P/B. Dive into our free research report to see why there are better opportunities than HOMB. Market Cap: $4.95 billion Operating through seventeen distinct bank divisions with local brands and management teams, Glacier Bancorp (NYSE:GBCI) is a bank holding company that provides various banking services to individuals and businesses across eight western states. Why Do We Think Twice About GBCI? Sales tumbled by 2.5% annually over the last two years, showing market trends are working against its favor during this cycle Annual net interest income growth of 4% over the last four years was below our standards for the bank sector Sales were less profitable over the last two years as its earnings per share fell by 16.5% annually, worse than its revenue declines Glacier Bancorp is trading at $43.81 per share, or 1.4x forward P/B. To fully understand why you should be careful with GBCI, check out our full research report (it's free). Market Cap: $2.66 billion With roots dating back to 1974 and a focus on serving small and medium-sized businesses, CVB Financial (NASDAQ:CVBF) operates Citizens Business Bank, providing banking, lending, and trust services to businesses and individuals across California. Why Are We Out on CVBF? Net interest income trends were unexciting over the last four years as its 1.6% annual growth was below the typical bank company Net interest margin shrank by 22 basis points (100 basis points = 1 percentage point) over the last two years, suggesting the yields on its loan book are decreasing or the market is becoming more competitive 2.7% annual tangible book value per share growth over the last five years was slower than its bank peers At $19.31 per share, CVB Financial trades at 1.2x forward P/B. If you're considering CVBF for your portfolio, see our FREE research report to learn more. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-05-2025
- Business
- Yahoo
Glacier Bancorp First Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$214.8m (up 16% from 1Q 2024). Net income: US$54.6m (up 67% from 1Q 2024). Profit margin: 25% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.48 (up from US$0.29 in 1Q 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 Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 2.7% from a week ago. We don't want to rain on the parade too much, but we did also find 1 warning sign for Glacier Bancorp that you need to be mindful of. 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.
