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Glacier Bancorp: 1Q Earnings Snapshot

KALISPELL, Mont. (AP) _ Glacier Bancorp Inc. (GBCI) on Thursday reported first-quarter earnings of $49.1 million.

The Kalispell, Montana-based bank said it had earnings of 58 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The bank holding company posted revenue of $154.6 million in the period. Its revenue net of interest expense was $143.7 million, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $148.1 million.

Glacier Bancorp shares have climbed slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.75, an increase of 11 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