Tuesday, June 23, 2020

The 2 Largest Montana Companies ... Both Banks ... Posted Total Pretax Earnings in the 1Q of 2020 Which Declined By 20% From That in the 1Q of 2019

From a review of Company SEC filings and the Google Finance website, I found 2 Montana Companies with stock market caps of above $1 bil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for both of these Montana Companies.


  US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
  First First (Worse)
    Quarter Quarter %
Montana Largest Companies   2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
Glacier Bancorp  Kalispell                   53                  61
First Interstate Banc System  Billings                   38                  53
Total 2 Montana Banks                  91                114 -20%

US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser today Tuesday June 23, 2020 at 5:15 PM Eastern time.