Tesla's co-founder says batteries have a key role to play in ensuring smooth power for data centers https://t.co/xddEmTxGPl ...

OpenAI, Oracle and SoftBank announced plans to open five new artificial intelligence data centers as part of the government's $500 billion Stargate program. https://t.co/JsgUKSeQBZ ...

Let's bring in Gsquare private wealth founding partner and CNBC contributor Victoria Green and Henan Walsh, asset management president and CIO Kevin man. Uh happy September guys. Uh Kevin, it's been 5 months since those tariffs were announced.We're back in a moment of uncertainty. A big theme of this presidency is testing the limits of executive power and even executive dexterity. Right.The president's both powerful and fast compared to uh lawmakers and the courts. Should investors just assume that the pres ...

Financial Data and Key Metrics Changes - Core earnings per share increased to $0.38, surpassing consensus estimates by $0.03 and improving from $0.32 in the first quarter [6] - Core return on assets reached 1.31%, with a core pretax pre-provision ROA of 1.95% and a core efficiency ratio of 54.1% [6] - Net interest margin expanded from 3.62% in the first quarter to 3.83% in the second quarter, a 21 basis point increase [7] - Net interest income increased by $10,700,000 to $106,200,000, driven by improved loan yields and lower deposit costs [7][8] Business Line Data and Key Metrics Changes - Loan growth was 8.1% annualized, with significant contributions from Equipment Finance, small business, commercial, indirect, and branch lending [7][8] - Noninterest income increased by $2,100,000 to $24,700,000, with strong contributions from mortgage, SBA, interchange, wealth, and other service charges [8] - Total deposits grew by 9% year to date, reaching $10,100,000,000, with the Community Pennsylvania region performing exceptionally well [9] Market Data and Key Metrics Changes - The integration of Centre Bank added $295,000,000 in loans and $278,000,000 in deposits, enhancing the company's presence in Cincinnati [10] - The company experienced loan and deposit growth in four of its six geographic markets [8] Company Strategy and Development Direction - The company aims to be the leading community bank in its markets, focusing on improving financial lives of customers and communities [12] - Strategic acquisitions and a regional business model are key components of the company's growth strategy [12] - The company is exploring smaller acquisition opportunities while maintaining a disciplined approach to M&A [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's trajectory, citing disciplined execution and strategic acquisitions as drivers of growth [12] - The company anticipates continued loan growth and margin expansion, with a revised forecast of two Fed cuts by year-end [16][72] - Management highlighted the importance of maintaining low-cost deposits to support loan growth [121] Other Important Information - The company reported a second quarter provision expense of $12,600,000, with $3,800,000 related to the Centre Bank acquisition [11] - Nonperforming loans increased by $40,100,000 due to the Centre Bank acquisition and a single commercial loan [12] Q&A Session Summary Question: Guidance for expenses in the third quarter or back half of the year - Management indicated that expenses are on track, with consensus estimates for the third quarter at $72,800,000 and fourth quarter at $73,100,000 [23][24] Question: Appetite for stock repurchases - Management plans to resume stock repurchases after a blackout period, with a focus on buying back shares at a set price [28][30] Question: Outlook for charge-offs - Charge-offs have been low, and management expects them to normalize in the mid-20 basis point range [32] Question: Loan yield trends and guidance - Management indicated that loan yields have been consistent, with expectations for continued positive trends if the Fed does not cut rates [38][40] Question: Market share opportunities - Management believes there is significant room for growth in existing markets, particularly in Ohio and Western Pennsylvania [92][95] Question: Impact of recent investments in Pennsylvania - Management noted significant investments in the area, particularly in infrastructure and energy, which could benefit the company [100] Question: Credit quality of the portfolio - Management confirmed that the majority of the nonaccruals are from a legacy loan, with the overall portfolio performing well [106][112]

Cloud Performance & Expectations - Microsoft's cloud growth is estimated at 34% year-over-year, with market watching if this meets investor expectations, especially after Alphabet's strong cloud performance [1] - The market anticipates further acceleration and strength in cloud, driven by easing Blackwell supply and significant rack installations by hyperscalers, potentially boosting cloud backlog in the second half [2] - Amazon is expected to demonstrate cloud acceleration, following Alphabet's lead in raising capex forecasts significantly above analyst expectations [3] Capex & AI Investment - Meta is expected to continue investing heavily in AI and data centers, despite prior efficiency initiatives, with the market anticipating a significant increase in their capex forecast [4] - The industry expects continued positive comments on capital spending, driven by increasing use cases, as evidenced by Alphabet processing 980 trillion tokens, up from 480 trillion a couple of months ago [5] - The industry acknowledges potential overinvestment in AI, with mixed signals regarding infrastructure growth, as highlighted by ASML's uncertain growth outlook [6][7] Market Dynamics & Confidence - Tax reform, allowing up to 100% expensing of capex and R&D, is expected to benefit companies' free cash flow, boosting confidence in capital spending [8] - Ongoing AI infrastructure investments by companies like Anthropic, Open AI, and XAI are expected to further fuel capital spending [9] - Despite potential market rebound and strong positioning in stocks like Meta and Microsoft, the industry believes it is still early in the innovation curve of AI technology [11] - The current situation is compared to the early stages of the internet, suggesting that the capex cycle is far from ending due to the generational nature of the technology [12]

to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI action plan. Big stuff.Signing it right after this. In fact, I see it sitting right there. Maybe I should just sign it right now.Who the hell has to make the rest of this speech, right. But here are the pillars of the strategy. First, my administration will use every tool at our disposal to ensure that the United States can build and maintain the largest, most powerful, and most advanced AI infrastructure ...

President Trump signing multiple executive orders on AI after the all-in podcast hosted tech and government leaders at a summit in Washington. Joining us right now is White House AI and cryptozar David Sachs. And David, welcome.Um, we really appreciate you being here today. There's a lot that we've been trying to figure out, trying to understand what yesterday all means. And I wonder if you can tell us how the private sector reads all of this and what they will do in response.>> Well, thank you for having m ...

The Trump administration issued a new AI action plan that aims to further the construction of data centers and encourage exports https://t.co/vXVNM3HbgN ...

Policy & Regulation - The industry anticipates policy guidelines for AI from Trump, suggesting a shift towards easing regulation [1] Technology & Infrastructure - Expansion of energy sources for data centers is expected, indicating a focus on supporting AI infrastructure [1]

This would be incredibly destructive to America!Michael Thomas (@curious_founder):The US will need ~450 GW of new electricity generation capacity by 2030 to meet rising demand from data centers, reshoring, etc.And the Senate is about to vote on a bill that could wipe out ~500 GW of potential energy generation capacity. https://t.co/BqUDmaKYqQ ...