logo
  

Glacier Bancorp Q3 Profit Down

Glacier Bancorp, Inc. (GBCI) Thursday reported third-quarter net income of $75.6 million or $0.79 per share, down from $77.8 million or $0.81 per share last year.

Analysts polled by Thomson Reuters estimated earnings of $0.71 per share for the quarter.

Net interest income, excluding the PPP loans, was $154 million in the third quarter, an increase of 3 percent from last year's $150 million.

The company received $327 million in PPP loan forgiveness proceeds from the U.S. Small Business Administration during the current quarter compared to $350 million in the prior quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines said it sees weather-related flight cancelations as AT&T and Verizon readies for 5G roll out in and around the vicinity of major U.S. airports. Most of the other airlines also confirmed the same as the implementation of the new C-Band 5G service is expected to interfere with the working of onboard aircraft instruments. Financial services firm Morgan Stanley (MS) reported Wednesday a profit for the fourth quarter that increased 10 percent from last year, reflecting 7 percent revenue growth amidst strength in Wealth Management and Investment Management business segments. Bank of America Corp. (BAC) reported Thursday that net income applicable to common shareholders for the fourth quarter grew 30 percent to $6.77 billion from last year's $5.21 billion, with earnings per share increasing to $0.82 from $0.59 in the prior year, reflecting strong operating leverage as revenues...
RELATED NEWS
Follow RTT