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Glacier Bancorp Earnings: What To Look For From GBCI

GBCI Cover Image

Regional banking company Glacier Bancorp (NYSE: GBCI) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.

Glacier Bancorp met analysts’ revenue expectations last quarter, reporting revenues of $240.6 million, up 18.7% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ tangible book value per share estimates.

Is Glacier Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Glacier Bancorp’s revenue to grow 17.4% year on year to $256.4 million, improving from the 8.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Glacier Bancorp Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Glacier Bancorp has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.

Looking at Glacier Bancorp’s peers in the banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FB Financial delivered year-on-year revenue growth of 94.2%, beating analysts’ expectations by 4.2%, and Citigroup reported revenues up 9.3%, topping estimates by 4.6%.

Read our full analysis of FB Financial’s results here and Citigroup’s results here.

Investors in the banks segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Glacier Bancorp is up 1.9% during the same time and is heading into earnings with an average analyst price target of $54 (compared to the current share price of $49.06).

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