Recap: Glacier Bancorp Q4 Earnings
Portfolio Pulse from Benzinga Insights
Glacier Bancorp (NYSE:GBCI) reported Q4 earnings with an EPS of $0.49, beating estimates by 19.51% against the expected $0.41. However, revenue decreased by $37.60 million compared to the same period last year. In the previous quarter, GBCI surpassed EPS estimates but experienced a 0.77% share price drop the following day. The company's past earnings performance shows a trend of declining revenues and fluctuating EPS.
January 25, 2024 | 9:35 pm
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Glacier Bancorp reported a strong Q4 EPS of $0.49, surpassing estimates by 19.51%, but faced a significant revenue decline from the previous year.
While the EPS beat is positive, the revenue decline could concern investors. Historical data shows a slight share price drop after the last earnings beat, suggesting a mixed or neutral short-term impact on the stock price.
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