For the quarter ended March 2024, Glacier Bancorp (GBCI) reported income of $196.47 million, down 8.2% over the identical interval final yr. EPS got here in at $0.29, in comparison with $0.55 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $200.63 million, representing a shock of -2.08%. The corporate delivered an EPS shock of -12.12%, with the consensus EPS estimate being $0.33.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s value efficiency extra precisely.
Right here is how Glacier Bancorp carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Internet charge-offs as a proportion of complete loans: 0% in comparison with the 0.1% common estimate based mostly on 4 analysts.
- Effectivity Ratio: 74.4% versus the four-analyst common estimate of 71.2%.
- Internet curiosity margin (tax-equivalent): 2.6% in comparison with the two.6% common estimate based mostly on 4 analysts.
- Common Balances – Complete incomes belongings: $26.44 billion versus $26.69 billion estimated by three analysts on common.
- Non-accrual loans: $20.74 million versus $27.84 million estimated by two analysts on common.
- Complete non-performing belongings: $25.43 million in comparison with the $32.23 million common estimate based mostly on two analysts.
- Complete Non-Curiosity Earnings: $29.99 million versus $29.54 million estimated by 4 analysts on common.
- Internet Curiosity Earnings: $166.48 million in comparison with the $170.51 million common estimate based mostly on 4 analysts.
- Internet curiosity revenue (tax-equivalent): $170.47 million versus the three-analyst common estimate of $173.71 million.
- Achieve on sale of loans: $3.36 million versus the two-analyst common estimate of $3.34 million.
View all Key Company Metrics for Glacier Bancorp here>>>
Shares of Glacier Bancorp have returned -9% over the previous month versus the Zacks S&P 500 composite’s -1.7% change. The inventory at the moment has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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Glacier Bancorp, Inc. (GBCI) : Free Stock Analysis Report
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