Latest news with #regional
Yahoo
4 hours ago
- Business
- Yahoo
Glacier Bancorp (GBCI) To Report Earnings Tomorrow: Here Is What To Expect
Regional banking company Glacier Bancorp (NYSE:GBCI) will be reporting earnings this Thursday after market hours. Here's what you need to know. Glacier Bancorp missed analysts' revenue expectations by 1.1% last quarter, reporting revenues of $222.6 million, up 11.1% year on year. It was a slower quarter for the company, with a significant miss of analysts' net interest income estimates and EPS in line with analysts' estimates. Is Glacier Bancorp a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Glacier Bancorp's revenue to grow 20.7% year on year to $239.8 million, a reversal from the 1.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Glacier Bancorp has missed Wall Street's revenue estimates four times over the last two years. Looking at Glacier Bancorp's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results. Read our full analysis of City Holding's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. Glacier Bancorp is up 9.9% during the same time and is heading into earnings with an average analyst price target of $49.50 (compared to the current share price of $45.68). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
News.com.au
8 hours ago
- Politics
- News.com.au
Ex-Nationals leaders Barnaby Joyce, Michael McCormack turn on leader David Littleproud
Nationals senator Ross Cadell says his party wasn't consulted before Barnaby Joyce and Michael McCormack publicly undermined party leader David Littleproud. Mr Littleproud has faced mounting leadership pressure from within his party since he briefly divorced the Nationals from their long-time Liberal partners back in May over four demands that newly elected Opposition Leader Sussan ley could not promise would be met. Mr Littleproud demanded the Libs maintain their support for nuclear energy and a $20bn regional future fund, force the divestiture of supermarkets, and ensure mobile phone coverage was reliable across regional Australia. The Nationals and Libs eventually made up just seven days later in a move that was internally described at the time by a party source as a 'train wreck'. Since then, the Nationals have been battling to maintain an image that resembles party solidarity – but comments by once-bitter rivals Mr Joyce and Mr McCormack in The Australian have reopened the party's barely healed wounds just in time for parliament's first sitting week. Mr McCormack and Mr Joyce directed most of their frustration towards Mr Littleproud over his choice to relegate them to the backbench – a move they feel gives them less sway in conversations around energy policy. The member for New England said it was not uncommon for him to 'lose his sh*t' over wind farm developments, and Mr McCormack believes renewables companies are 'dividing families' by trying to attract local support for large-scale wind and solar projects. Mr Joyce also drummed up support for Mr McCormack to replace Mr Littleproud as leader after the Coalition's election disaster. Mr McCormack has not ruled out running for the job in future. According to The Australian, Mr McCormack said Mr Littleproud was 'the leader, and I'm ambitious for him' – a line that was infamously deployed by Scott Morrison barely 24 hours before he usurped Malcolm Turnbull as prime minister in 2018 and one that Mr McCormack has directed towards his embattled party leader once before. Senator Ross Cadell was asked whether Mr McCormack and Mr Joyce were 'throwing a bucket' on Mr Littleproud's leadership while speaking from Canberra on Wednesday 'Ah, we're Nats, we're a bit fiery, it all happens. I'd prefer it didn't happen, but that's the way they want to do it,' he said. 'If they want to go out and (say) those things publicly, they can. Internally, we've had a party room, it didn't come up there. I think it was more a public facing thing than an internal problem.' Despite the apparent chaos, Senator Cadell was still enthusiastic about 'going through the process' of figuring out the best path forward for net zero – a commitment that Mr Joyce and Mr McCormack both wish to abandon. 'We're going to take a slower process, get through it … there's a lot of people out there who want to grab headlines (and) there's people out there who want to do the work; each to their own,' he told ABC News Breakfast. 'I want to go through the process, I am open to looking at the evidence.' Opposition Leader Sussan Ley said Mr Joyce and Mr McCormack were 'good at speaking up for themselves,' and she would 'let them do that'. 'Nobody is getting under my skin … all my colleagues are valued. I have friendships across the aisle,' she said. 'We know that between the aisle we can form that strong opposition that holds the government to account, and that's the most important thing for all of us.'
The Guardian
17 hours ago
- Health
- The Guardian
Grace visited doctors with health concerns eight times in her last week of pregnancy. On the ninth visit, she was told her baby was stillborn
Grace* was just over 40 weeks pregnant when she arrived at a public hospital in regional New South Wales. The Gamilaraay woman had been excited for the pending birth of her first child, a son called Koa. Her husband's job meant he was often away for long stretches of time, but on this day, by chance, he was by her side attending her ultrasound for the first time. They were both waiting for the reassuring sounds of a heartbeat, a kick to the ribs to let her know her baby was OK. It didn't come. 'This was his first time seeing our baby on the ultrasound, but it was not a good one. That's when they told us that it was no heartbeat,' Grace says. 'He was gone.' It was Grace's ninth trip to the hospital after a flurry of presentations between her GP, local hospital and a larger major hospital where she had sought help with worrying symptoms. Her hands and feet became puffy at 39 weeks gestation; she was unable to wear her jewellery or watch. She'd had pains in her abdomen from undiagnosed gallstones earlier in her pregnancy but they were dismissed as indigestion. She visited her GP several times before being advised to go to the small local hospital. Each time her blood pressure was checked, she had given a urine sample and had been advised to go home. At 39 weeks gestation, she was advised against having her baby induced. One week later, her baby was confirmed to have died of complications from preeclampsia. After the ultrasound which revealed her son had died, Grace was given medication to bring on labour, told to go and get some dinner and come back to the hospital once contractions had started. 'We went back to the hospital and they gave us a room in the birthing suite away from the other mothers,' she says. She was in labour for two days. Grace strongly believes that if she had been listened to when she first began to seek medical attention, her son would be alive today. The day Grace speaks to Guardian Australia would have been Koa's ninth birthday. Instead, their only interaction was in a CuddleCot, a specialised cot with a cooling system to allow grieving families to spend time with their deceased baby. 'It's just really hard not to hear like that first cry, and your body just does strange things,' she says. 'He was laying in the little cot, I was looking at him, and just even though I knew, there was still some hope in me that his chest would move, or he'd start crying. I refused to believe what I was going through.' At those previous medical appointments, Grace says, her blood pressure readings were fluctuating 'dramatically', with some readings very high. She says she consistently showed elevated protein levels in her urine. Both are potential red flags for preeclampsia, a pregnancy complication which can be life-threatening for mother and baby. After three visits, between her GP and her local hospital, Grace was told by her obstetrician to present to another hospital two hours away, where she was monitored overnight before being discharged and told to go to her local GP. Her blood pressure at the GP clinic read 157/95, indicative of hypertension or preeclampsia. She was then told to go back to the local hospital to get her blood pressure rechecked – which yielded the same result. After half an hour her blood pressure dropped and she was told to go home and see her GP again the next day, and have her blood pressure checked every 48 hours. She says she was advised about decreased foetal movements, and told that her GP was against an induction and advised her to 'wait for the baby to be ready to come' – despite her pregnancy complications. She says a week after she was discharged – after eight visits to her GP and hospital with erratic and high blood pressure readings – she realised she hadn't felt the baby move, and so ate something to see if that would encourage movement. She said to her husband that she felt they weren't being listened to. 'I don't actually know what to do at this point,' she said. 'We go to the doctor, and they tell us to go to hospital. We go to the hospital, then they tell us to go back to the doctor, and it's just like a vicious cycle.' Grace called the maternity ward that had admitted her and was initially told to go to the local hospital before being advised to present to the maternity ward. She says she felt excited that she might get some help. Instead she was told her child was dead. 'There was no real time to process the news,' she says. 'I had to give natural birth and that [took] two days. They would not give me a C-section because they said that I would have mental problems from having to look at a scar on my stomach. But I still have problems from that experience. They treated me giving birth [to a dead baby] like a normal person who's having a live baby.' Guardian Australia has been investigating Aboriginal and Torres Strait Islander women's experiences in maternal care and midwifery, uncovering complaints of culturally unsafe care, allegations of discrimination, unwanted medical interventions and infant removals. Grace says she is unable to say if her Aboriginal heritage was a factor but strongly believes her concern that something was wrong was dismissed by both local doctors and the hospital. She sued NSW Health over the incident and the department settled without prejudice and with no admissions of liability. Her lawyer, Linda Crawford, a former midwife who now works for Catherine Henry Lawyers, claims Grace was let down by the medical system. 'There were many missed opportunities in the care provided to [her],' Crawford says. Crawford says she believes there is often a lack of appropriate expertise and medical experience in remote and regional areas that, coupled with the complex needs of patients and the vast areas that small local hospitals cover, can have adverse outcomes despite the best efforts of health professionals. In response to questions from Guardian Australia, NSW Health says it is 'committed to ensuring pregnant women, their babies and families receive high quality, safe and timely maternity care' but would not provide any further comment on Grace's case. 'We acknowledge the deep and lasting grief associated with the loss of a child and we extend our sincere condolences to all families impacted by stillbirth,' a NSW Health spokesperson said. Grace, who has since had two more children, says it is vital that women are listened to by health professionals and failure to do so can lead to devastating outcomes. 'All women need to be listened to,' she says. 'I just want the right treatment. I wanted to be heard and I wasn't.' *Names have been changed In Australia, the crisis support service Lifeline is 13 11 14. The Indigenous crisis hotline is 13 YARN, 13 92 76. Stillbirth support can be accessed via the Stillbirth Foundation Australia.
Yahoo
19 hours ago
- General
- Yahoo
New video shows Delta passenger jet banking
Transportation Correspondent Gio Benitez talks about the mid-air close call between a B-52 bomber and a Delta regional jet. Solve the daily Crossword
Yahoo
20 hours ago
- Business
- Yahoo
KeyCorp Q2 profit rises on higher interest income and fees
(Refiles to fix formatting) By Atharva Singh (Reuters) -KeyCorp posted a 63% jump in its second-quarter profit on Tuesday, helped by increased interest income and a surge in investment banking fees. Lower deposit costs at regional lenders in the U.S., which are falling faster than the returns on assets, have helped keep profit margins steady and boosted net interest income, even as loan demand remains uneven. Net interest income — difference between earnings on loans and payments on deposits — jumped nearly 28% to $1.15 billion in the quarter. KeyCorp expects its NII to grow roughly 20-22% in 2025 compared to analysts' expectation of a near 22% jump. Peer lenders, including PNC Financial and Citizens Financial, posted higher quarterly profits last week, driven by improved fee income and stabilizing credit trends, though NII pressures remained in focus. Recent rate cuts and easing bond yields have prompted some U.S. banks to cut losses on low-yielding investment securities and redeploy funds into higher-yielding assets to improve returns and liquidity. KeyCorp used half of Scotiabank's capital injection last year to sell about $10 billion of its low-yield investments. The banks' investment banking and debt placement fees jumped over 41% to $178 million. "With 189 U.S. IPOs already priced this year, nearly double last year's pace, fee income is shifting from rounding error to rescue rope for balance sheets," said Michael Ashley Schulman, partner at Running Point Capital Advisors. "Capital-markets activity is no longer the lonely ATM in the lobby; KeyCorp and the regionals are hearing the ka-ching again," Schulman added. KeyCorp was a joint book runner on Hinge Health's IPO in May 2025. The Cleveland-based lender reported income from continuing operations of 35 cents per share, up from 25 cents per share, reported a year ago. Shares of the bank were up marginally in premarket trading.
