Compared to Estimates, Glacier Bancorp (GBCI) Q3 Earnings: A Look at Key Metrics

For the quarter ended September 2024, Glacier Bancorp (GBCI) reported revenue of $214.94 million, up 8.9% over the same period last year. EPS came in at $0.45, compared to $0.47 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $212.57 million, representing a surprise of +1.11%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Glacier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net interest margin (tax-equivalent): 2.8% compared to the 2.8% average estimate based on four analysts. Efficiency Ratio: 64.9% versus the four-analyst average estimate of 67.2%. Average Balances - Total earning assets: $25.87 billion versus $25.96 billion estimated by three analysts on average. Net charge-offs as a percentage of total loans: 0.1% versus the three-analyst average estimate of 0.1%. Non-accrual loans: $15.94 million versus $18.33 million estimated by two analysts on average. Total non-performing assets: $28.12 million compared to the $22.14 million average estimate based on two analysts. Total Non-Interest Income: $34.70 million versus $32.51 million estimated by four analysts on average. Net Interest Income: $180.23 million compared to the $180.13 million average estimate based on four analysts. Net interest income (tax-equivalent): $184.23 million versus the three-analyst average estimate of $183.13 million. Gain on sale of loans: $4.90 million compared to the $4.87 million average estimate based on two analysts. View all Key Company Metrics for Glacier Bancorp here>>>Shares of Glacier Bancorp have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Glacier Bancorp, Inc. (GBCI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks