Overview

* Glacier Bancorp ( GBCI ) Q3 net income rises 29% from prior quarter to $67.9 mln

* Diluted EPS for Q3 increases 27% from prior quarter to $0.57

* Net interest income for Q3 grows 9% from prior quarter to $225 mln

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* NET INTEREST INCOME - Driven by increased loan yields and higher average loan balances, contributing to a 9% increase from the prior quarter

* ACQUISITIONS - Completion of BOID core system conversion and Guaranty Bank acquisition expanded operations and contributed to growth

* NET INTEREST MARGIN - Improved by 18 basis points due to higher loan yields and reduced funding costs, enhancing profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.57

Q3 Net $67.90

Income mln

Q3 Net $225 mln

Interest

Income

Q3 Net 3.39%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Glacier Bancorp Inc ( GBCI ) is $51.50, about 6.8% above its October 15 closing price of $48.02

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)