Glacier Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2016; Provides Tax Rate Guidance for Second Quarter of 2016 and Fiscal 2016
April 22, 2016 at 02:52 am IST
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Glacier Bancorp, Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2016. For the quarter, the company reported total interest income of $84,381,000, net interest income of $76,706,000, income before income taxes of $38,034,000, net income of $28,682,000 compared to the total interest income of $77,486,000, net interest income of $70,104,000, income before income taxes of $36,535,000, net income of $27,670,000 for the same quarter a year ago. Current quarter diluted earnings per share of $0.38, an increase of 3% from the prior year first quarter diluted earnings per share of $0.37.
The company tax rate of 23% for second quarter of 2016.
Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions. The Company provides a range of banking services to individuals and businesses from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona and Nevada through its wholly owned bank subsidiary, Glacier Bank (Bank). It offers a range of banking products and services, including retail banking, business banking, real estate, commercial, agriculture and consumer loans, and mortgage origination and loan servicing. It serves individuals, small to medium-sized businesses, community organizations and public entities. Its bank divisions include Glacier Bank (Kalispell, Montana), First Security Bank of Missoula (Missoula, Montana), Valley Bank of Helena (Helena, Montana), First Security Bank (Bozeman, Montana), Western Security Bank (Billings, Montana), First Bank of Montana (Lewistown, Montana), First Community Bank Utah (Layton, Utah), Mountain West Bank (Coeur dâAlene, Idaho) and others.
Glacier Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2016; Provides Tax Rate Guidance for Second Quarter of 2016 and Fiscal 2016