Glacier Bancorp: Kalispell-Based Bank Posts $36.5M Profit In 3Q

KALISPELL, MT — The Kalispell, Montana-based bank Glacier Bancorp Inc. (GBCI) reported Thursday third-quarter profit of $36.5 million. The bank had earnings of 47 cents per share, matching Wall Street's expectations, according to an average estimate of five analysts surveyed by Zacks Investment Research.

The bank holding company posted revenue of $127.6 million in the period. Its adjusted revenue was $120 million, below Wall Street projections. Four analysts surveyed by Zacks expected $121.1 million.

Glacier Bancorp shares have risen 2.5 percent since the beginning of the year. In the final minutes of trading Thursday, shares hit $37.14, an increase of 32 percent in the last 12 months.

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

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