Company Overview - As of December 31, 2024, Glacier Bancorp, Inc. operates 227 locations across eight states, with a focus on retail and business banking services[20]. - The company employed 3,595 persons as of December 31, 2024, with 3,313 in full-time positions[26]. - The company has a comprehensive employee benefit program, including health, dental, and vision insurance, as well as a Profit Sharing and 401(k) Plan[30]. - The company’s market area is diversified, focusing on tourism, construction, mining, energy, and agriculture[22]. - The company has established a Training Committee to enhance employee training and compliance with internal policies[28]. Acquisitions and Growth - The company completed acquisitions totaling approximately $5.1 billion in assets over the last five fiscal years, including Rocky Mountain Bank branches and Wheatland Bank[21]. - The company announced a definitive agreement to acquire Bank of Idaho Holding Co. on January 13, 2025[21]. - The company has historically expanded through internal growth and selective acquisitions, but future market and regulatory conditions may hinder this growth[92]. - The company anticipates issuing capital stock for future acquisitions, which may dilute earnings per share and reduce current shareholders' ownership percentage[95]. - The company completed two acquisitions in 2024, including Community Financial Group, Inc. with total assets of $778 million[168]. Financial Performance - Net income for 2024 was $190 million, a decrease of $32.8 million, or 15%, compared to $223 million in 2023[164]. - Diluted earnings per share for 2024 decreased by 16% to $1.68 from $2.01 in 2023[164]. - Net interest income increased by $13 million, or 2%, to $705 million in 2024, driven by higher interest income[164]. - Total assets at year-end 2024 were $27.903 billion, a $160 million, or 1%, increase from the previous year[166]. - Total deposits increased by $618 million, or 3%, to $20.547 billion, primarily due to acquisitions[166]. Regulatory Environment - The company is subject to regulation by the Federal Reserve and the Montana Division of Banking, among other regulatory bodies[35]. - The Bank's deposits are insured by the FDIC and are subject to primary supervision and regulation by the FDIC and the MT Division of Banking[45]. - The Dodd-Frank Act has significantly changed the bank regulatory structure, impacting lending, deposit, investment, trading, and operating activities[57]. - The Dodd-Frank Act established the Consumer Financial Protection Bureau, which focuses on consumer protection laws and has increased enforcement actions against financial institutions[61]. - The company is subject to periodic examinations by regulators, with total consolidated assets exceeding $10 billion, leading to direct supervision and enforcement actions by the CFPB[67]. Risk Management - The company is continually monitoring developments in cybersecurity regulations and is expected to comply with evolving standards[85]. - The Company has implemented a rigorous internal audit process to evaluate its cybersecurity strategies, with regular updates provided to the Audit Committee[133]. - The Company employs cybersecurity insurance to mitigate the financial impact of potential cybersecurity incidents[133]. - The Company has established a dedicated department within its Enterprise Risk Management division to manage risks associated with third-party service providers[135]. - The Board's Risk Oversight Committee is responsible for monitoring the Company's cyber risk management profile and receives quarterly reports from the Chief Risk Officer[136]. Credit and Loan Portfolio - The loan portfolio has a high concentration of commercial and commercial real estate loans, increasing exposure to credit risks[100]. - The allowance for credit losses may not be adequate to cover actual loan losses, potentially requiring material increases in the allowance[99]. - Non-performing assets may increase, adversely affecting earnings and requiring significant management resources[102]. - The Company employs stringent credit policies and regular monitoring of the loan portfolio to manage credit risk[214]. - Ongoing monitoring of the loan portfolio includes monthly inspections and assessments of borrowers' creditworthiness and project performance[215]. Market Conditions and Competition - The company faces significant competition in its market areas, which may limit future success and impact financial conditions[91]. - The company faces competition from emerging technologies and non-traditional financial service providers, which may pressure earnings[106]. - The economic conditions in the markets served by the company may adversely impact earnings and increase credit risk associated with its loan portfolio[90]. - Fluctuating interest rates could adversely affect the bank's profitability and shareholders' equity, with the Federal Reserve decreasing rates three times in 2024[107]. - Environmental liability risks associated with lending activities could lead to significant remediation costs and affect property values[105]. Shareholder Information - The Company declared total regular cash dividends of $1.32 per share in 2024[149]. - The closing price per share of the Company's common stock on December 31, 2024, was $50.22[148]. - The Company's common stock has shown a cumulative total return of 128.28% from December 31, 2019, to December 31, 2024[151]. - The Company has 1,968 stockholders of record as of December 31, 2024[148]. Asset Management - The Company has $1.051 billion in goodwill, representing 33% of shareholders' equity, which could have a material adverse effect if impaired[96]. - The fair value of the investment portfolio could decline, adversely affecting earnings and capital[103]. - Total debt securities decreased by $748 million, or 9 percent, to $7.540 billion, representing 27 percent of total assets as of December 31, 2024[171]. - The Company has a total of $3,383,435 thousand in mortgage-backed securities, with a yield of 1.80%[198]. - The Company maintains a diversified office portfolio, primarily located in suburban and rural markets, mitigating risks associated with central business district office buildings[203].

Financial Data and Key Metrics - Diluted earnings per share for Q4 2024 was $0.54, a 20% increase from the prior quarter's $0.45 and a 10% increase from the prior year's Q4 [5] - Net income for the current quarter was $61.8 million, showing significant growth [5] Business Line Performance - The company experienced margin expansion driven by increasing interest income and lower deposit costs, indicating strong performance across its core banking operations [4] Market Performance - No specific market data or key metrics were provided in the content Company Strategy and Industry Competition - The company believes it is well-positioned for a strong 2025, suggesting confidence in its strategic direction and competitive positioning [4] Management Commentary on Operating Environment and Future Outlook - Management highlighted a positive trend in margin expansion and strong credit performance, indicating a favorable operating environment [4] - The company expressed optimism for a strong 2025, reflecting a positive outlook on future performance [4] Other Important Information - The discussion is subject to forward-looking considerations outlined in the press release, which participants are encouraged to review [3] Q&A Session Summary - No Q&A session details were provided in the content

Core Insights - Glacier Bancorp (GBCI) reported revenue of $222.99 million for Q4 2024, marking a 13% year-over-year increase, with EPS of $0.54 compared to $0.49 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance - Revenue of $222.99 million exceeded the Zacks Consensus Estimate of $221.85 million, resulting in a surprise of +0.52% [1] - EPS of $0.54 surpassed the consensus estimate of $0.53, delivering a surprise of +1.89% [1] Key Metrics - Net interest margin (tax-equivalent) was reported at 3%, above the three-analyst average estimate of 2.9% [4] - Efficiency Ratio stood at 60.5%, better than the average estimate of 63.8% [4] - Total non-performing assets were $27.79 million, slightly below the estimated $28.18 million [4] - Average total earning assets were $26.20 billion, exceeding the average estimate of $25.93 billion [4] - Non-accrual loans amounted to $20.45 million, compared to the average estimate of $21.12 million [4] - Total Non-Interest Income was $31.55 million, below the estimated $34.64 million [4] - Net Interest Income reached $191.44 million, surpassing the estimate of $187.37 million [4] - Net interest income (tax-equivalent) was $195.45 million, exceeding the average estimate of $191.90 million [4] - Gain on sale of loans was $3.93 million, below the estimated $4.53 million [4] Stock Performance - Shares of Glacier Bancorp returned +1.4% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Core Viewpoint - Glacier Bancorp reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, and showing an increase from $0.49 per share a year ago, indicating a positive earnings surprise of 1.89% [1][2] Financial Performance - The company achieved revenues of $222.99 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.52%, and up from $197.32 million year-over-year [2] - Over the last four quarters, Glacier Bancorp has exceeded consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Since the beginning of the year, Glacier Bancorp shares have increased by approximately 2.8%, while the S&P 500 has gained 3.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $224.05 million, and for the current fiscal year, it is $2.41 on revenues of $970.6 million [7] - The estimate revisions trend for Glacier Bancorp is mixed, which may change following the recent earnings report [6] Industry Context - The Banks - West industry, to which Glacier Bancorp belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Performance - Diluted earnings per share for Q4 2024 was $0.54, a 20% increase from Q3 2024 and a 10% increase from Q4 2023[1]. - Net income for Q4 2024 was $61.8 million, up $10.7 million or 21% from Q3 2024 and up $7.4 million or 14% from Q4 2023[1]. - Net income for the year 2024 was $190 million, a decrease of $32.8 million or 15% from 2023[2]. - Net income for the three months ended December 31, 2024, was $61,754 thousand, up 13.2% from $54,316 thousand in the same period of 2023[55]. Interest Income and Expenses - Net interest income for Q4 2024 was $191 million, an increase of $11.2 million or 6% from Q3 2024 and an increase of $25 million or 15% from Q4 2023[1]. - Interest income rose to $297 million, up $7.5 million, or 3 percent, from the prior quarter and $23.5 million, or 9 percent, year-over-year[24]. - Net interest income for 2024 was $705 million, an increase of $13 million, or 2%, compared to 2023, driven by a 12% increase in interest income to $1.140 billion[38]. - Interest expense rose to $435 million in 2024, up $109 million, or 34%, primarily due to higher interest rates on deposits and increased deposit balances[39]. Loan Portfolio - The loan portfolio increased to $17.262 billion, up $81 million or 2% annualized during Q4 2024[1]. - The loan portfolio increased by $81 million, or 2 percent annualized, to $17.262 billion at December 31, 2024, and increased by $1.064 billion, or 7 percent, from the prior year end[8]. - Total loans increased to $17,269,351 thousand for the three months ended December 31, 2024, up from $16,176,636 thousand in the same period of 2023, representing a growth of 6.75%[59]. - Total loans receivable increased to $17,261,849 thousand, a 7% increase from $16,198,082 thousand year-over-year[65]. Non-Interest Income and Expenses - Non-interest income totaled $31.5 million, a decrease of $3.2 million, or 9 percent, from the prior quarter, but an increase of $684 thousand, or 2 percent, year-over-year[28]. - Non-interest income increased to $128 million in 2024, up $10.4 million, or 9%, with a 38% increase in gains on the sale of residential loans[42]. - Total non-interest expense was $141 million, down $3.7 million, or 3 percent, from the prior quarter, and up $8.8 million, or 7 percent, year-over-year[30]. - Total non-interest expense for the year ended December 31, 2024, was $578,468 thousand, an increase of 9.7% from $527,358 thousand in 2023[55]. Asset and Equity Changes - Total assets as of December 31, 2024, were $27.903 billion, a slight increase from $27.743 billion in the prior year[53]. - The total stockholders' equity decreased by $21.196 million to $3.224 billion at December 31, 2024, compared to the prior quarter[19]. - Stockholders' equity grew to $3,222,565 thousand as of December 31, 2024, compared to $2,913,714 thousand in the previous year, an increase of 10.61%[59]. Credit Quality - Non-performing assets totaled $27.8 million at December 31, 2024, a decrease of $335 thousand, or 1 percent, from the prior quarter, and an increase of $2.2 million, or 8 percent, from the prior year[9]. - The allowance for credit losses increased to $206.041 million at December 31, 2024, representing 1.19 percent of total loans, unchanged from the prior year end[13]. - The provision for credit losses was $28.3 million in 2024, a significant increase of $13.5 million, or 91%, primarily due to acquisitions[43]. - The provision for credit losses for the three months ended December 31, 2024, was $8,534 thousand, significantly higher than $3,013 thousand in the same period of 2023[55]. Dividends - The company declared a quarterly dividend of $0.33 per share, marking 159 consecutive quarterly dividends[2]. - The company declared a quarterly cash dividend of $0.33 per share, marking the 159th consecutive regular dividend[21]. Efficiency and Tax Rates - The effective tax rate for the current quarter was 16.0 percent, compared to 17.9 percent in the prior quarter and 12.6 percent in the prior year fourth quarter[34]. - The efficiency ratio improved to 60.50 percent from 64.92 percent in the prior quarter, driven by increased net interest income and decreased non-interest expense[35]. - The efficiency ratio increased to 66.71% in 2024 from 62.85% in 2023, attributed to rising interest and non-interest expenses[46].

Financial Performance - Net income for the fourth quarter of 2024 was $61.8 million, an increase of $10.7 million, or 21 percent, from the prior quarter and an increase of $7.4 million, or 14 percent, from the prior year fourth quarter [2][3] - Diluted earnings per share for the current quarter was $0.54, an increase of 20 percent from the prior quarter and an increase of 10 percent from the prior year fourth quarter [2][3] - Net interest income for the current quarter was $191 million, an increase of $11.2 million, or 6 percent, from the prior quarter and an increase of $25 million, or 15 percent, from the prior year fourth quarter [2][22] Loan Portfolio and Asset Quality - The loan portfolio increased to $17.262 billion, with an increase of $81 million, or 2 percent annualized, during the current quarter and an increase of $1.064 billion, or 7 percent, from the prior year end [6][15] - The net interest margin for the current quarter was 2.97 percent, an increase of 14 basis points from the prior quarter and an increase of 41 basis points from the prior year fourth quarter [2][24] - The allowance for credit losses as a percentage of total loans was 1.19 percent, unchanged from the prior year end [11][12] Acquisitions and Growth - The company completed the acquisition of six branches from Rocky Mountain Bank and the acquisition of Wheatland Financial Group, which added significant assets and expanded its market presence [4][5] - Total assets as of December 31, 2024, were $27.903 billion, a decrease of $302.8 million from the prior quarter but an increase of $160.4 million from the prior year [5][15] - The company declared a quarterly dividend of $0.33 per share, marking the 159th consecutive quarterly dividend [19] Non-Interest Income and Expenses - Non-interest income for the current quarter totaled $31.5 million, a decrease of $3.2 million, or 9 percent, from the prior quarter but an increase of $684 thousand, or 2 percent, from the prior year fourth quarter [25] - Non-interest expenses were $141 million for the current quarter, a decrease of $3.7 million, or 3 percent, from the prior quarter [2][3] Market Performance - The closing market value per share was $50.22, with a high of $60.67 and a low of $43.70 during the quarter [3][19] - The company’s stockholders' equity to total assets ratio was 11.55 percent, reflecting a strong capital position [17][18]

Core Viewpoint - Analysts forecast that Glacier Bancorp (GBCI) will report quarterly earnings of $0.53 per share, reflecting an 8.2% year-over-year increase, with revenues expected to reach $221.85 million, a 12.4% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.6% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Metrics Forecast - Analysts estimate the 'Efficiency Ratio' at 63.8%, down from 65.2% in the same quarter last year [5]. - 'Non-accrual loans' are projected to reach $21.12 million, slightly up from $20.82 million year-over-year [5]. - The consensus estimate for 'Total non-performing assets' is $28.18 million, compared to $25.63 million in the previous year [5]. - 'Average Balances - Total earning assets' are expected to be $25.93 billion, down from $26.37 billion in the same quarter last year [6]. - 'Total Non-Interest Income' is forecasted to reach $34.64 million, up from $30.87 million year-over-year [6]. - 'Net Interest Income' is projected at $187.37 million, compared to $166.46 million in the same quarter last year [7]. - The consensus for 'Net interest income (tax-equivalent)' is $191.90 million, up from $170.07 million year-over-year [7]. Stock Performance - Over the past month, Glacier Bancorp shares have returned +1.3%, while the Zacks S&P 500 composite has seen a -2.1% change, indicating a relative outperformance [7].

Core Viewpoint - Glacier Bancorp, Inc. has signed a definitive agreement to acquire Bank of Idaho Holding Co., marking its 26th bank acquisition since 2000 and 12th in the past decade [1][2] Group 1: Acquisition Details - The acquisition is subject to regulatory approval, BOID shareholder approval, and other customary closing conditions [2] - BOID shareholders will receive 1.100 shares of Glacier stock for each BOID share, valuing the transaction at approximately $245.4 million based on Glacier's closing price of $47.70 on January 10, 2025 [2] - The transaction is expected to close in the second quarter of 2025, integrating Bank of Idaho operations into Glacier's existing divisions [2] Group 2: Strategic Importance - The acquisition is seen as a strategic fit for Glacier, expanding its presence in Idaho, the fastest-growing state in the U.S., and enhancing its position in core growth markets [2] - Glacier aims to secure its status as the leading community bank in Idaho through this acquisition [2] - The combination will also strengthen Glacier's Eastern Washington franchise by merging Bank of Idaho with Wheatland Bank [2] Group 3: Management Commentary - Glacier's President and CEO expressed enthusiasm about the acquisition, highlighting the growth opportunities it presents [2] - Bank of Idaho's leadership echoed similar sentiments, emphasizing shared values and the benefits of joining Glacier [2]

Core Viewpoint - Glacier Bancorp (GBCI) has experienced a significant downtrend, with a 12.4% decline over the past four weeks, but is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Stock Performance and Technical Indicators - GBCI's stock has faced heavy selling pressure, leading to an RSI reading of 23.8, indicating it is oversold and may soon reverse its trend [5]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions, typically when the RSI falls below 30 [2]. - Stocks oscillate between overbought and oversold states, and an oversold stock may present entry opportunities for investors anticipating a rebound [3]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for GBCI has increased by 0.7%, indicating a positive trend in earnings revisions that often correlates with price appreciation [6]. - There is strong agreement among sell-side analysts regarding GBCI's ability to report better earnings than previously predicted, supporting the case for a potential stock recovery [1][6]. - GBCI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a favorable outlook for the stock [7].

KALISPELL, Mont., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) will report fourth quarter financial results after the market closes on January 23, 2025. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, January 24, 2025. Please note that our conference call host no longer offers a general dial-in number. Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register.vevent.com/regist ...