Equity Analysis /
United States of America

US : Glacier Bancorp, Inc. - GBCI | 4Q20 Follow-Up: Reducing Estimates on Higher Expense Runrate

    CGS-CIMB
    1 February 2021
    Published byCGS-CIMB

    We maintain ourMarket Performrating on shares of Glacier Bancorp, Inc. following its core 4Q20 EPS beat, where core trends remain favorable. Mortgage was again notably strong, and NII was above forecast driven by higher-than-forecast PPP forgiveness. The core NIM ex-PPP remains under pressure as ex