- Glacier Bancorp‘s deposits at the end of the period were $20.55 billion, falling short of the estimated $20.8 billion.
- Earnings per share (EPS) came in at 54 cents, surpassing the estimated 52 cents.
- The net interest margin (NIM) on a taxable-equivalent basis was 2.97%, slightly above the forecasted 2.95%.
- Provisions for credit losses were $8.53 million, higher than the expected $5.06 million.
- Commentary noted that a mix of lower yield cash flow from the securities portfolio and reduced funding costs improved the net interest margin.
- Stock recommendations included 2 buys, 4 holds, and no sells.
A look at Glacier Bancorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using the Smartkarma Smart Scores have given Glacier Bancorp a positive outlook for the long term. With strong scores in Value and Dividend at 4 out of 5, the company is seen as having a solid foundation and offering attractive returns to investors. Additionally, a Momentum score of 4 indicates a positive trend in the company’s performance.
While Growth scored a 3 and Resilience a 2, suggesting room for improvement in these areas, overall Glacier Bancorp appears well-positioned for steady growth and consistent dividends in the foreseeable future. As a multi-bank holding company that attracts deposits from the public for lending purposes, Glacier Bancorp showcases a robust financial model that is appealing to investors seeking long-term stability and potential returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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