Glacier Bancorp: 2Q Earnings Snapshot
KALISPELL, Mont. (AP) _ Glacier Bancorp Inc. (GBCI) on Thursday reported second-quarter earnings of $52.4 million.
The bank, based in Kalispell, Montana, said it had earnings of 61 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 63 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The bank holding company posted revenue of $163.2 million in the period. Its revenue net of interest expense was $151.1 million, which missed Street forecasts. Five analysts surveyed by Zacks expected $151.6 million.
Glacier Bancorp shares have declined 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $38.79, a decline of almost 4% in the last 12 months.