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KALISPELL, Mont. (AP) — KALISPELL, Mont. (AP) — Glacier Bancorp Inc. (GBCI) on Thursday reported fourth-quarter net income of $54.3 million.
The bank, based in Kalispell, Montana, said it had earnings of 49 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The bank holding company posted revenue of $304.4 million in the period. Its revenue net of interest expense was $197.3 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $192.2 million.
For the year, the company reported profit of $222.9 million, or $2.01 per share. Revenue was reported as $809.8 million.
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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