Shares of Glacier Bancorp (NASDAQ:GBCI) fell in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 84.78% over the past year to $0.85, which beat the estimate of $0.75.
Revenue of $156,812,000 higher by 16.70% year over year, which missed the estimate of $161,120,000.
Looking Ahead
Glacier Bancorp hasn’t issued any earnings guidance for the time being.
Glacier Bancorp hasn’t issued any revenue guidance for the time being.
Recent Stock Performance
Company’s 52-week high was at $67.35
52-week low: $30.05
Price action over last quarter: Up 25.19%
Company Profile
Glacier Bancorp Inc is a regional bank holding company providing commercial banking services to scores of communities through its wholly-owned bank subsidiary, Glacier Bank. The bank operates a multitude of banking offices in Montana, Idaho, Colorado, Utah, Washington, and Wyoming. The bank’s wide range of products and services include deposit, loans, and mortgage origination services, among others. The bank primarily serves individuals, small- to medium-sized businesses, community organizations, and public entities. Glacier’s strategy emphasizes both internal growth and growth through selective acquisitions. A majority of the bank’s loan portfolio is in commercial real estate, while a majority of its net revenue is net interest income.
