Glacier Bancorp Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Glacier Bancorp (NYSE:GBCI) Full Year 2024 Results

Key Financial Results

• Revenue: US$802.5m (up 1.9% from FY 2023).
• Net income: US$190.1m (down 15% from FY 2023).
• Profit margin: 24% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.68 (down from US$2.01 in FY 2023).

GBCI Banking Performance Indicators

• Net interest margin (NIM): 2.77% (up from 2.73% in FY 2023).
• Cost-to-income ratio: 66.7% (up from 62.9% in FY 2023).
• Non-performing loans: 0.15% (no change from 0.15% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Glacier Bancorp EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 1.7%.

In the last 12 months, the only revenue segment was Banking Services contributing US$802.5m. The largest operating expense was General & Administrative costs, amounting to US$420.8m (69% of total expenses). Explore how GBCI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Glacier Bancorp that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.