Thursday, October 18, 2018

Montana 2 Largest Bank Companies Pretax Earnings Up By 32% in the First Half of 2018 ...............................................................................

From a review of US SEC filings, there were 2 Companies, both Banks, headquartered in Montana with stock market caps of more than $1 Bil recently.

My focus is on Pretax Income rather than on After-Tax Net Income because Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the First Half of 2018 and 2017 for these 2 Montana Companies.

US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss)
6 Months 6 Months
Ended Ended
June June Better
July July (Worse)
Montana Companies or Aug or Aug %
Market Caps Above $1 Bil 2018 2017  Change
mils $ mils $
Glacier Bancorp                 101                   87
First Interstate Banc System                 101                   66
Total both Montana Banks                 202                 153 32%