GBCI - 5 Takeaways from Glacier Bancorp's Record Earnings in 2020
Glacier Bancorp (NASDAQ: GBCI) , a regional bank in the Rocky Mountain and Southwest regions of the U.S., just finished out a year for the record books in 2020, reporting net income of $266 million. The bank skillfully navigated the pandemic year and found opportunities to thrive despite the tough economic backdrop.
Here are five things investors learned from Glacier Bancorp's earnings release and its operations in 2020.
Glacier Bancorp brought in $99.5 million from gains on the sale of loans in 2020, which is an increase of $65.4 million, or 192%, from 2019. This strong performance was consistent even through the fourth quarter, which showed the bank netting $26.2 million on loan sales.
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5 Takeaways from Glacier Bancorp's Record Earnings in 2020