Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Glacier Bancorp's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.25%.
As of Dec. 2023, Glacier Bancorp has a Sloan Ratio of -0.25%, indicating the company is in the safe zone and there is no funny business with accruals.
Glacier Bancorp Sloan Ratio % Historical Data
The historical data trend for Glacier Bancorp's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Glacier Bancorp's Sloan Ratio %
For the Banks - Regional subindustry, Glacier Bancorp's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Glacier Bancorp's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Glacier Bancorp's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Glacier Bancorp's Sloan Ratio % falls into.
Glacier Bancorp Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Glacier Bancorp's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Glacier Bancorp's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 61.211 (Mar. 2023 ) + 54.955 (Jun. 2023 ) + 52.445 (Sep. 2023 ) + 54.316 (Dec. 2023 ) = $222.9 Mil.
Glacier Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 98.179 (Mar. 2023 ) + 121.348 (Jun. 2023 ) + 129.984 (Sep. 2023 ) + 151.204 (Dec. 2023 ) = $500.7 Mil.
Glacier Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -29.866 (Mar. 2023 ) + -252.93 (Jun. 2023 ) + -0.078 (Sep. 2023 ) + 75.382 (Dec. 2023 ) = $-207.5 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Glacier Bancorp (NYSE:GBCI) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Dec. 2023, Glacier Bancorp has a Sloan Ratio of -0.25%, indicating the company is in the safe zone and there is no funny business with accruals.
Glacier Bancorp Sloan Ratio % Related Terms
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Glacier Bancorp (Glacier Bancorp) Business Description
Glacier Bancorp Inc is a regional bank holding company providing commercial banking services to scores of communities through its wholly-owned bank subsidiary, Glacier Bank. The bank operates a multitude of banking offices in Montana, Idaho, Colorado, Utah, Washington, and Wyoming. The bank's wide range of products and services include deposit, loans, and mortgage origination services, among others. The bank primarily serves individuals, small- to medium-sized businesses, community organizations, and public entities. Glacier's strategy emphasizes both internal growth and growth through selective acquisitions. A majority of the bank's loan portfolio is in commercial real estate, while a majority of its net revenue is net interest income.
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