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

Glacier Bancorp

20/04/2023 22:43

* Glacier Bancorp Inc  GBCI.N  reported quarterly adjusted
earnings of 55 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 61 cents per share.
    * Revenue rose 0.5% to $191.44 million from a year ago;
analysts
expected $202.55 million. 
    * Glacier Bancorp Inc's reported EPS for the quarter was 55
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.8%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Glacier Bancorp Inc shares had fallen by 7.5% this
quarter and
lost 21.3% so far this year.
    * The company reported quarterly net income of $61.21
million.
    * Wall Street's median 12-month price target for Glacier
Bancorp
Inc is $48.00 
    * 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
April 20 at 09:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.61           0.55           Missed
 Dec. 31 2022      0.73           0.72           Missed
 Sep. 30 2022      0.73           0.72           Missed
 Jun. 30 2022      0.69           0.69           Met