Glacier Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary

• Glacier Bancorp Inc GBCI.N reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of six analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 43 cents to 51 cents per share.

• Revenue rose 14.1% to $189.98 million from a year ago; analysts expected $201.81 million.

• Glacier Bancorp Inc's reported EPS for the quarter was 48 cents​.

• The company reported quarterly net income of $54.57 million.

• Glacier Bancorp Inc shares had fallen by 5.4% this quarter and lost 16.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "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 $54.50

This summary was machine generated from LSEG data April 24 at 09:49 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)