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

Glacier Bancorp

20/07/2023 22:43

* Glacier Bancorp Inc  GBCI.N  reported quarterly adjusted
earnings of 50 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 49 cents per share.
    * Revenue fell 11.9% to $175.27 million from a year ago;
analysts
expected $184.26 million. 
    * Glacier Bancorp Inc's reported EPS for the quarter was 50
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Glacier Bancorp Inc shares had risen by 13.2% this
quarter and
lost 28.6% so far this year.
    * The company reported quarterly net income of $54.96
million.
    * Wall Street's median 12-month price target for Glacier
Bancorp
Inc is $34.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
20 at 09:42 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.49           0.50           Beat
 Mar. 31 2023      0.61           0.55           Missed
 Dec. 31 2022      0.73           0.72           Missed
 Sep. 30 2022      0.73           0.72           Missed