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Glacier Bancorp: Q1 Earnings Snapshot

April 22, 2021 GMT

KALISPELL, Mont. (AP) _ Glacier Bancorp Inc. (GBCI) on Thursday reported first-quarter profit of $80.8 million.

The bank, based in Kalispell, Montana, said it had earnings of 85 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The bank holding company posted revenue of $201.7 million in the period. Its revenue net of interest expense was $196.9 million, missing Street forecasts. Three analysts surveyed by Zacks expected $197.9 million.

Glacier Bancorp shares have climbed 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $58.40, a rise of 83% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GBCI at https://www.zacks.com/ap/GBCI