Glacier Bancorp(GBCI)

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Glacier Bancorp, Inc. Receives Regulatory Approval for Acquisition of Six Montana Branches From HTLF Bank
Newsfilter· 2024-04-18 20:37
KALISPELL, Mont., April 18, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE:GBCI) today announced that its banking subsidiary, Glacier Bank, has received all regulatory approvals required to complete its previously announced acquisition of six Montana branch locations of HTLF Bank (the "Branches"), the bank subsidiary of Heartland Financial USA, Inc. (NASDAQ:HTLF). The transaction is expected to be completed in July 2024, subject to customary closing conditions. The six branches Glacier Bank will acqui ...
Earnings Preview: Glacier Bancorp (GBCI) Q1 Earnings Expected to Decline
Zacks Investment Research· 2024-04-11 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Glacier Bancorp (GBCI) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. O ...
Glacier Bancorp, Inc. Announces First Quarter Earnings Release and Conference Call
Newsfilter· 2024-04-03 20:30
KALISPELL, Mont., April 03, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE:GBCI) will report first quarter financial results after the market closes on April 18, 2024. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, April 19, 2024. 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/register/BI ...
Glacier Bancorp, Inc. Announces First Quarter Earnings Release and Conference Call
Globenewswire· 2024-04-03 20:30
KALISPELL, Mont., April 03, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) will report first quarter financial results after the market closes on April 18, 2024. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, April 19, 2024. 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/register/B ...
Glacier Bancorp(GBCI) - 2023 Q4 - Annual Report
2024-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________ FORM 10-K ________________________________________________________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...
Glacier Bancorp(GBCI) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________ FORM 10-Q ____________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file numbe ...
Glacier Bancorp(GBCI) - 2023 Q3 - Earnings Call Transcript
2023-10-20 21:53
Glacier Bancorp, Inc. (NYSE:GBCI) Q3 2023 Earnings Conference Call October 20, 2023 11:00 AM ET Company Participants Randy Chesler - President and Chief Executive Officer Byron Pollan - Treasurer Ron Copher - Chief Financial Officer Tom Dolan - Chief Credit Administrator Conference Call Participants Matthew Clark - Piper Sandler David Feaster - Raymond James Jeff Rulis - D.A. Davidson Kelly Motta - KBW Brandon King - Truist Andrew Terrell - Stephens Operator Good day, and thank you for standing by. Welcome ...
Glacier Bancorp(GBCI) - 2023 Q2 - Quarterly Report
2023-07-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________ FORM 10-Q ____________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 000 ...
Glacier Bancorp(GBCI) - 2023 Q2 - Earnings Call Transcript
2023-07-21 17:35
Financial Data and Key Metrics Changes - Total deposits and retail purchase agreements reached $21.3 billion, increasing by $25.5 million or 12 basis points during the current quarter [37] - Interest income for the current quarter was $247 million, an increase of $15.5 million or 7% from the prior quarter [38] - Net income for the current quarter was $55 million, a decrease of $6.2 million or 10% from the prior quarter [38] - Total non-interest expense was $131 million, a decrease of $4.4 million or 3% from the prior quarter [39] - Non-interest income totaled $29.1 million, an increase of $1.2 million or 4% over the prior quarter [39] - The loan portfolio increased to $15.9 billion, up $436 million or 11% annualized during the current quarter [40] - Stockholder equity increased by $83.2 million or 3% during the first six months of the current year [41] - Tangible book value per common share was $17.16, an increase of 2 basis points from the prior quarter [42] Business Line Data and Key Metrics Changes - Loan yield for the current quarter was 5.12%, an increase of 10 basis points from the prior quarter [40] - New loan production yields for the quarter were 7.37%, up 41 basis points from the last quarter [40] - The company maintained a concentration of greater than 30% in non-interest bearing total deposits [28] Market Data and Key Metrics Changes - The company reported a strong liquidity position with over $15 billion available, including cash borrowing capacity from various sources [42] - The Federal Reserve's rate increases have influenced deposit behavior, with a through-the-cycle beta for core deposits at 10% [45] Company Strategy and Development Direction - The company remains optimistic about its long-term position despite industry headwinds, leveraging its banking model and M&A expertise [35] - Focus on maintaining and growing deposits through attractive rate options and technology-driven marketing strategies [43] - The company aims to continue strong loan growth, particularly in residential and construction loans [47] Management's Comments on Operating Environment and Future Outlook - Management expects net interest margin (NIM) pressure to moderate, with higher loan yields contributing to interest income growth [46] - The company anticipates a slight increase in total assets by year-end due to loan growth and deposit expectations [21] - Management expressed confidence in the dynamic Western markets served and the effectiveness of their business model [49] Other Important Information - The company declared a $0.33 per share dividend, marking the 153rd consecutive quarterly dividend [42] - The company has reduced full-time employees (FTE) by 70 year-over-year, reflecting a focus on efficiency [60] Q&A Session Summary Question: What are the expectations for deposit betas? - Management indicated that the through-the-cycle beta for total deposits is now estimated at 25% due to changes in the Fed's rate outlook [64] Question: What is the outlook for net interest income (NII)? - Management stated that NII stabilization is expected once the Fed's rate hikes conclude, with a potential lag of a quarter or two [122] Question: How is the company managing expenses? - Management confirmed that there were no one-time expenses in the current quarter's operating costs, and they are focused on mindful hiring [60] Question: What is the status of the construction loan portfolio? - Management noted that the majority of loan growth was due to construction draws, with expectations for a deceleration in growth as projects complete [101] Question: How is the company addressing deposit growth? - Management highlighted the success in attracting new accounts and emphasized the importance of deposit relationships with loan customers [96]
Glacier Bancorp(GBCI) - 2023 Q1 - Quarterly Report
2023-05-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________ FORM 10-Q ____________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 00 ...