• Reported GAAP EPS of $0.49 down -9.26% YoY • Reported revenue of $306.51M up 37.45% YoY
Bullish
Glacier Bancorp expanded its footprint through acquisitions, driving net interest margin expansion to 3.58 percent and significant loan and deposit growth, with funding costs decreasing.
Bearish
Glacier Bancorp experienced a quarterly decline in net income and EPS, alongside a notable increase in non-performing assets and higher non-interest expenses due to acquisitions.