In This Article:
Glacier Bancorp (NYSE:GBCI) Second Quarter 2024 Results
Key Financial Results
-
Revenue: US$195.2m (down 1.0% from 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 15% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 6.2% from a week ago.
Valuation
If you are concerned about investing in overvalued stocks, our analysis of 6 valuation measures indicates Glacier Bancorp could be one stock to be wary of. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com