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October 28
Glacier Bancorp Inc. in Kalispell, Mont., said it earned $9.4 million in the third quarter, compared with a $1.5 million loss a year earlier, as its loan-loss provision declined and noninterest income grew.
The $6.3 billion-asset company reported a provision for loan losses late Thursday of $57.3 million, down 35% from a year earlier yet up 50% from the second quarter.
Noninterest income totaled $24 million for the quarter, up nearly 11% from the same quarter a year earlier.
Despite the improvements, Mick Blodnick, the president and chief executive officer, called the performance "mixed" because of credit costs and a lack of loan growth.