- Glacier Bancorp‘s end-period deposits were $21.63 billion, slightly below the estimate of $21.77 billion.
- Reported earnings per share (EPS) were 45 cents, underperforming compared to the estimate of 49 cents.
- The net interest margin (NIM) on a taxable-equivalent basis increased to 3.21%, surpassing the estimate of 3.17%.
- The provision for credit losses was $20.3 million, higher than the estimated $16.9 million.
- Loan portfolio growth at higher yields, stable deposit costs, and reduced high-cost FHLB borrowings boosted the net interest margin by 17 basis points.
- Analyst recommendations include 4 buy ratings and 2 hold ratings, with no sell ratings.
A look at Glacier Bancorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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, shows strong potential for long-term growth and stability based on the Smartkarma Smart Scores. With high scores in Value and Dividend at 4, Glacier Bancorp demonstrates solid financial health and a commitment to rewarding its investors. The company’s Momentum score of 4 indicates a positive trend in stock performance, reflecting investor interest and confidence. While Growth and Resilience are slightly lower at 3, Glacier Bancorp‘s overall outlook remains positive, positioning it as a solid investment choice in the banking sector.
Glacier Bancorp, Inc. operates as a multi-bank holding company, gathering deposits from the public to fund various commercial and consumer loans. The company’s Smartkarma Smart Scores highlight its strengths in value, dividend payouts, and positive momentum in the stock market. With a strong foundation in financial stability and shareholder returns, Glacier Bancorp presents a promising outlook for long-term investors seeking a reliable player in the banking industry.
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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