Glacier Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Glacier Bancorp

26/01/2024 24:04

* Glacier Bancorp Inc  GBCI.N  reported quarterly adjusted
earnings of 49 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 72 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 36 cents to 45
cents per share.
    * Revenue fell 11.5% to $185.48 million from a year ago;
analysts
expected $167.16 million. 
    * Glacier Bancorp Inc's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $54.32
million.
    * Glacier Bancorp Inc shares had fallen by 1.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Glacier Bancorp
Inc is $43.00 
This summary was machine generated from LSEG data January 26 at
12:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.41           0.49           Beat
 Sep. 30 2023      0.42           0.47           Beat
 Jun. 30 2023      0.49           0.50           Beat
 Mar. 31 2023      0.61           0.55           Missed