Glacier Bancorp Authorizes $200 Million Share Repurchase Program
Glacier Bancorp (GBCI) has officially approved a new stock repurchase program, authorizing the company to buy back up to $200 million of its outstanding common stock. This capital return initiative is scheduled to remain in effect through December 31, 2027. The announcement follows recent quarterly performance where Glacier Bancorp reported a Non-GAAP EPS of $0.81, slightly exceeding analyst expectations by $0.02. While revenue reached $329.8 million, it fell short of estimates by approximately $3.15 million. The company is currently focusing on efficiency targets between 54% and 55%.
Topics: EPS beat financial guidance quarterly earnings revenue miss stock repurchase program