KALISPELL, Mont. (AP) — KALISPELL, Mont. (AP) — Glacier Bancorp Inc. (GBCI) on Thursday reported first-quarter net income of $61.2 million.
The Kalispell, Montana-based bank said it had earnings of 55 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The bank holding company posted revenue of $259.8 million in the period. Its revenue net of interest expense was $214.1 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $228.9 million.
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