- Glacier Bancorp‘s end-period deposits were $20.63 billion, slightly below the estimate of $20.64 billion.
- Earnings per share (EPS) were recorded at 48 cents, surpassing the anticipated 47 cents.
- The net interest margin (NIM) on a taxable-equivalent basis was 3.04%, just below the projected 3.05%.
- There was a provision for credit losses amounting to $7.81 million, higher than the forecasted $6.34 million.
- An increase in loan yields and a decrease in deposit costs contributed to a 7 basis points increase in the net interest margin, reaching 3.04%.
- Analyst ratings comprise 3 buys, 3 holds, and no sell recommendations.
A look at Glacier Bancorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
Glacier Bancorp, Inc., a multi-bank holding company, is positioned for a solid long-term outlook based on its Smartkarma Smart Scores. With high scores in Value and Dividend, it indicates a favorable financial standing and commitment to rewarding its investors. Additionally, scoring decently in Growth, Resilience, and Momentum, Glacier Bancorp shows a balanced approach to sustainable growth and stability in the face of market challenges.
Utilizing Smartkarma Smart Scores, Glacier Bancorp emerges as a promising investment option with strong fundamentals and a potential for long-term success. Investors can find assurance in the company’s stable dividend payouts and solid value proposition, coupled with a focus on growth, resilience, and maintaining positive momentum in its operations.
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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