Glacier Bancorp Inc GBCI.N reported quarterly adjusted earnings of 45 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of six analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 43 cents to 53 cents per share.
Revenue rose 22.3% to $227.48 million from a year ago; analysts expected $208.40 million.
Glacier Bancorp Inc's reported EPS for the quarter was 45 cents.
The company reported quarterly net income of $52.78 million.
Glacier Bancorp Inc shares had risen by 6.5% this quarter and lost 8.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Glacier Bancorp Inc is $50.00, about 10.9% above its last closing price of $44.56
This summary was machine generated from LSEG data July 24 at 09:01 p.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)