Glacier Bancorp Third Quarter 2024 Earnings: EPS Beats Expectations

Glacier Bancorp (NYSE:GBCI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$206.9m (up 7.7% from 3Q 2023).
• Net income: US$51.1m (down 2.7% from 3Q 2023).
• Profit margin: 25% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.45 (down from US$0.47 in 3Q 2023).

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

Glacier Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.0% from a week ago.

Valuation

Our analysis of Glacier Bancorp based on 6 different valuation metrics shows it might be overvalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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