Glacier Bancorp(US:GBCI) Globenewswireยท2025-07-24 20:30Core Insights - The company reported a net income of $52.8 million for Q2 2025, a decrease of 3% from the previous quarter but an increase of 18% year-over-year [2][3] - Diluted earnings per share for Q2 2025 was $0.45, down 6% from Q1 2025 but up 15% from Q2 2024 [2][3] - The company completed the acquisition of Bank of Idaho Holding Co. and announced plans to acquire Guaranty Bancshares, Inc., expanding its presence in the southwest and entering Texas [4][5] Financial Performance - Net interest income for Q2 2025 was $208 million, an increase of 9% from the previous quarter and 25% year-over-year [2][23] - Total deposits reached $21.629 billion, up 5% from the previous quarter and 8% from the prior year [2][16] - The loan portfolio increased to $18.533 billion, reflecting an 8% increase during the current quarter and a 10% increase year-over-year [2][8] Key Ratios - The net interest margin for Q2 2025 was 3.21%, up 17 basis points from Q1 2025 and 53 basis points from Q2 2024 [2][25] - The return on average assets was 0.74% for Q2 2025, while the return on average equity was 6.13% [2] - The efficiency ratio improved to 62.08% in Q2 2025, down from 65.49% in Q1 2025 and 67.97% in Q2 2024 [2] Credit Quality - The allowance for credit losses increased to $226.8 million, with non-performing assets at $48.6 million, representing 0.17% of subsidiary assets [9][10] - The provision for credit losses for Q2 2025 was $24.2 million, significantly higher than the previous quarter [9][12] - Net charge-offs for the current quarter were $1.6 million, a decrease from $1.8 million in the prior quarter [12][14] Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.33 per share, marking the 161st consecutive quarterly dividend [20] - Total stockholders' equity increased to $3.537 billion, reflecting a strong capital position [18][19] - Tangible book value per common share rose to $19.79, an increase of 3% from the prior quarter [19]