Glacier Bancorp Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Glacier Bancorp (NYSE:GBCI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$195.8m (flat on 2Q 2023).
• Net income: US$44.7m (down 19% from 2Q 2023).
• Profit margin: 23% (down from 28% in 2Q 2023).
• EPS: US$0.39 (down from US$0.50 in 2Q 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 3.4%. Earnings per share (EPS) exceeded analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 8.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Glacier Bancorp that you need to be mindful of.

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