Glacier Bancorp Q2 Profit Tops View

(RTTNews) - Glacier Bancorp Inc. (GBCI) Thursday reported second-quarter net income $22.7 million or $0.31 per share, compared to $19.0 million or $0.26 per share in the comparable quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the second quarter. Analysts' estimates typically exclude special items.

Total net-interest income dropped to $54.97 million from $55.15 million in the prior year quarter, while total non-interest income was $23.22 million, up from $21.79 million last year.

Provision for loan losses was $1.1 million, compared to $7.9 million last year.