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Glacier Bancorp (GBCI) Reports Q2 Earnings: What Key Metrics Have to Say
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Glacier Bancorp (GBCI - Free Report) reported $198.68 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.2%. EPS of $0.39 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $204.43 million, representing a surprise of -2.81%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $0.38.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Glacier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin (tax-equivalent): 2.7% compared to the 2.7% average estimate based on four analysts.
Efficiency Ratio: 68% compared to the 69.9% average estimate based on four analysts.
Average Balances - Total earning assets: $25.58 billion versus $26.36 billion estimated by three analysts on average.
Net charge-offs as a percentage of total loans: 0% compared to the 0.1% average estimate based on three analysts.
Non-accrual loans: $12.69 million compared to the $27.18 million average estimate based on two analysts.
Total non-performing assets: $18.81 million versus the two-analyst average estimate of $32.47 million.
Total Non-Interest Income: $32.20 million versus $31.84 million estimated by four analysts on average.
Net Interest Income: $166.48 million versus the four-analyst average estimate of $172.42 million.
Net interest income (tax-equivalent): $170.50 million versus $175.09 million estimated by three analysts on average.
Gain on sale of loans: $4.67 million compared to the $5.04 million average estimate based on two analysts.
Shares of Glacier Bancorp have returned +22.2% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Glacier Bancorp (GBCI) Reports Q2 Earnings: What Key Metrics Have to Say
Glacier Bancorp (GBCI - Free Report) reported $198.68 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.2%. EPS of $0.39 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $204.43 million, representing a surprise of -2.81%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $0.38.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Glacier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin (tax-equivalent): 2.7% compared to the 2.7% average estimate based on four analysts.
- Efficiency Ratio: 68% compared to the 69.9% average estimate based on four analysts.
- Average Balances - Total earning assets: $25.58 billion versus $26.36 billion estimated by three analysts on average.
- Net charge-offs as a percentage of total loans: 0% compared to the 0.1% average estimate based on three analysts.
- Non-accrual loans: $12.69 million compared to the $27.18 million average estimate based on two analysts.
- Total non-performing assets: $18.81 million versus the two-analyst average estimate of $32.47 million.
- Total Non-Interest Income: $32.20 million versus $31.84 million estimated by four analysts on average.
- Net Interest Income: $166.48 million versus the four-analyst average estimate of $172.42 million.
- Net interest income (tax-equivalent): $170.50 million versus $175.09 million estimated by three analysts on average.
- Gain on sale of loans: $4.67 million compared to the $5.04 million average estimate based on two analysts.
View all Key Company Metrics for Glacier Bancorp here>>>Shares of Glacier Bancorp have returned +22.2% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.