Benzinga | Oct 22, 2020 05:00PM EDT

Recap: Glacier Bancorp Q3 Earnings

Shares of Glacier Bancorp (NASDAQ:GBCI) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 26.56% year over year to $0.81, which beat the estimate of $0.63.

Revenue of $151,403,000 rose by 15.18% year over year, which missed the estimate of $168,130,000.

Guidance

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

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

Technicals

Company's 52-week high was at $46.54

Company's 52-week low was at $26.66

Price action over last quarter: down 0.55%

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.