Benzinga | Jul 23, 2020 05:27PM EDT

Recap: Glacier Bancorp Q2 Earnings

Shares of Glacier Bancorp (NASDAQ:GBCI) were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 8.20% over the past year to $0.66, which beat the estimate of $0.52.

Revenue of $148,219,000 higher by 23.21% from the same period last year, which beat the estimate of $147,500,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Glacier Bancorp hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $46.54

Company's 52-week low was at $26.66

Price action over last quarter: Up 10.09%

Company Description

Glacier Bancorp Inc is a regional bank holding company providing commercial banking services to scores of communities through its wholly owned bank subsidiary, Glacier Bank. The bank operates a multitude of banking offices in Montana, Idaho, Colorado, Utah, Washington, and Wyoming. The bank's wide range of products and services include deposit, loans, and mortgage origination services, among others. The bank primarily serves individuals, small- to medium-sized businesses, community organizations, and public entities. Glacier's strategy emphasizes both internal growth and growth through selective acquisitions. A majority of the bank's loan portfolio is in commercial real estate, while a majority of its net revenue is net interest income.