KALISPELL, Mont., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (the “Company”) (NYSE: GBCI) today announced that after 20 years with the Company, Ron Copher intends to retire from his role as the Company’s Executive Vice President and Chief Financial Officer (“CFO”). Mr. Copher will continue to serve as CFO until a successor is appointed by the Company’s Board of Directors and will serve in an advisory role for a period of time thereafter to ensure a smooth transition. “Ron Copher has been an exc ...

Financial Data and Key Metrics Changes - Horizon Bancorp reported an annualized return on average assets above 1.6% and a return on average equity approaching 16% for Q4 2025, with a net interest margin of 4.29% [4][15] - The net interest margin increased by 77 basis points from the previous quarter, marking the ninth consecutive quarter of expansion [15][16] - Total loans reached $4.9 billion, an increase of $60.7 million from the previous quarter, with commercial loans growing by $76 million, representing 9% annualized growth [7][8] Business Line Data and Key Metrics Changes - Commercial relationship lending remains the primary strategy, with modest declines in consumer loans and residential mortgages, which are primarily sold into the secondary market [7][8] - The commercial loan portfolio is well-diversified, with 28% in commercial and industrial and 72% in commercial real estate [7] - Credit quality metrics remain strong, with substandard loans decreasing to 1.22% of total loans, down from 1.31% in the previous quarter [9][10] Market Data and Key Metrics Changes - The deposit portfolio shows strength, with non-interest-bearing balances up year over year, reflecting improved cost structure [12][13] - The company is well-positioned in attractive markets in Michigan and Indiana, with a focus on organic deposit funding to support loan growth [12][14] Company Strategy and Development Direction - Horizon aims to create sustainable long-term value for shareholders through a disciplined operating model and consistent profitable growth [6][24] - The company plans to leverage its community banking model and expand its branch network selectively in key markets [60][61] - The focus remains on organic growth rather than acquisitions, although the company is open to opportunistic talent additions [41][44] Management's Comments on Operating Environment and Future Outlook - Management views the outlook for 2026 as slightly more favorable than previously estimated, with expectations for mid-single-digit growth in loans and deposits [28][21] - The company anticipates stable net interest margins and continued strong performance metrics, with a focus on maintaining a conservative credit culture [15][23] - Economic conditions and credit quality trends will influence future provision expenses [11] Other Important Information - Non-interest income for Q4 was reported at $11.5 million, with a year-over-year increase in total fee income driven by wealth management and mortgage fees [18] - Expenses for the quarter were in line with expectations at $40.6 million, reflecting seasonal increases and legal fees related to legacy items [19] Q&A Session Summary Question: Outlook for 2026 and potential risks - Management sees a more optimistic outlook for net interest income, with organic core deposit growth being a key lever for upside [28][30] Question: Loan growth and consumer loan performance - The company does not plan to push for accelerated growth in consumer loans, focusing instead on commercial lending [31][32] Question: Asset quality and substandard loans - Management indicates that increases in substandard loans are modest and not reflective of sector-wide stress, with overall metrics remaining strong [33][34] Question: Margin drivers and loan pricing - New loan originations are yielding above 6.5%, while cash flows from the portfolio are below 6%, providing a favorable margin environment [37][39] Question: Capital deployment priorities - The company will focus on organic growth opportunities while remaining disciplined in capital deployment decisions [41][42] Question: Fee income drivers for 2026 - Fee income growth is expected to be balanced across various segments, with no single area driving significant changes [50][52] Question: Commercial pipeline and seasonality - The commercial loan pipeline is strong, though seasonality may affect quarterly fluctuations in originations [72]

Financial Data and Key Metrics Changes - The fourth quarter results showed an annualized return on average assets above 1.6% and return on average equity approaching 16% [4] - The net interest margin increased to 4.29%, marking a 77 basis point increase from the previous quarter [15][16] - Net charge-offs were $1 million in the quarter, representing an annualized charge-off rate of 6 basis points, which is favorable compared to industry standards [10] Business Line Data and Key Metrics Changes - Total loans reached $4.9 billion, an increase of $60.7 million from the previous quarter, with commercial loans growing by $76 million, representing 9% annualized growth [7] - The commercial loan portfolio is diversified, with 28% in commercial and industrial and 72% in commercial real estate [7] - Residential mortgage lending volumes remained flat as they were predominantly sold into the secondary market [8] Market Data and Key Metrics Changes - The deposit portfolio showed strength with non-interest-bearing balances up year-over-year, reflecting improved cost structure [12][13] - The company is well-positioned in attractive markets in Michigan and Indiana, with a focus on organic deposit funding to support loan growth [21] Company Strategy and Development Direction - The company aims to create sustainable long-term value for shareholders through a disciplined operating model and consistent profitable growth [6] - The focus remains on commercial relationship lending while maintaining a conservative approach to consumer loans [31] - The company plans to open additional offices in key markets to enhance deposit generation and loan growth [60][61] Management's Comments on Operating Environment and Future Outlook - Management views the outlook for 2026 as slightly more favorable, with expectations for mid-single-digit growth in loans and deposits [28][21] - The company anticipates net interest income growth in the low teens year-over-year, driven by a stable net interest margin [22] - The effective tax rate is expected to remain in the range of 18%-20% [23] Other Important Information - The company completed restructuring activities, positioning itself for reliable returns without significant balance sheet changes [15] - The allowance for credit losses increased to $51.3 million, representing 1.05% of loans held for investment [10] Q&A Session Summary Question: Outlook for 2026 and potential risks - Management views the outlook as slightly more favorable, with net interest income growth expected to be higher than previously estimated [28][29] Question: Loan growth and consumer loan performance - The company maintains a commercial banking model and does not plan to push for accelerated growth in consumer loans [31] Question: Asset quality and non-performing assets - The increase in non-performing assets is seen as normalization from a low base, with overall metrics remaining strong [33][34] Question: Margin drivers and loan pricing - New origination yields are above 6.5%, while cash flows from the portfolio are below 6%, indicating a favorable margin environment [38][39] Question: Capital deployment priorities - The company will focus on organic growth opportunities while remaining disciplined in capital deployment decisions [41][42] Question: Fee income growth drivers - Fee income is expected to grow modestly, with no single segment driving significant changes [50] Question: Commercial pipeline and seasonality - The pipeline is strong but may experience seasonal fluctuations, with expectations for growth picking up in the second quarter [72]

Financial Data and Key Metrics Changes - Horizon Bancorp reported an annualized return on average assets above 1.6% and a return on average equity approaching 16% for Q4 2025, with a net interest margin of 4.29% [4][15] - Total loans increased to $4.9 billion, up $60.7 million from Q3 2025, with commercial loans growing by $76 million, representing 9% annualized growth [6][10] - The net charge-offs for Q4 were $1 million, representing an annualized charge-off rate of 6 basis points, with full-year net charge-offs totaling approximately $2.9 million [10][19] Business Line Data and Key Metrics Changes - Commercial relationship lending remains the lead strategy, with modest declines in consumer loans and residential mortgage loans primarily sold into the secondary market [6][8] - The commercial loan portfolio is diversified, with 28% in commercial and industrial and 72% in commercial real estate [6][7] - Residential mortgage lending volumes were flat, aligning with the strategy to create capacity for commercial lending activities [8] Market Data and Key Metrics Changes - Loan growth was primarily driven by markets in Michigan and Indiana, particularly in Troy, Kalamazoo, Lake County, and Metro Indianapolis [7][8] - The deposit portfolio showed strength, with non-interest-bearing balances up year-over-year, reflecting improved cost structure within interest-bearing segments [12][13] Company Strategy and Development Direction - The company aims to create sustainable long-term value for shareholders through a disciplined operating model and consistent profitable growth [5][20] - Horizon plans to leverage its community banking model and expand its branch network in attractive markets, with a focus on organic growth [41][60] Management's Comments on Operating Environment and Future Outlook - Management views the outlook for 2026 as slightly more favorable, with expectations for net interest income growth in the low teens [27][40] - The company anticipates mid-single-digit growth in loans and deposits, with a focus on organic deposit funding to support loan growth [20][21] Other Important Information - The net interest margin increased by 77 basis points to 4.29%, marking the ninth consecutive quarter of expansion [15][16] - The allowance for credit losses increased from $50.2 million to $51.3 million, representing 1.05% of loans held for investment [10][11] Q&A Session Summary Question: Outlook for 2026 and potential risks - Management views the outlook as slightly more favorable, with net interest income growth expected to be higher than previously estimated [27] Question: Loan growth and consumer loan performance - The company maintains a commercial banking model and does not plan to push for accelerated growth in consumer loans [30] Question: Asset quality and substandard loans - Substandard loans increased modestly, but overall metrics remain strong, with a decrease in substandard loans over the past year [32] Question: Margin drivers and loan pricing - New origination yields are above 6.5%, with cash flows from the portfolio below 6%, indicating a favorable margin environment [38][39] Question: Capital deployment priorities - The company will focus on organic growth opportunities while remaining disciplined in capital deployment decisions [41][42] Question: Fee income drivers for 2026 - Fee income growth is expected to be balanced across various segments, with no single area driving significant changes [50]

Group 1 - Lake City Bank's CEO, David M. Findlay, has been appointed as the Chairman of the Indiana Bankers Association Board of Directors for 2026 [1] - The Indiana Bankers Association is recognized as a leading state banking association, credited for its engaged membership and strong leadership, which helps Indiana banks remain competitive in the evolving financial services landscape [2] - Findlay has extensive experience in leadership roles within Lakeland Financial and Lake City Bank, having served as CEO and in various executive positions since 2000 [3] Group 2 - Lake City Bank, founded in 1872, is a $6.9 billion institution headquartered in Warsaw, Indiana, operating 55 branch offices and a digital banking platform [5] - The bank focuses on community banking, emphasizing long-term customer relationships and technology-driven solutions for both retail and commercial clients [5] - Lake City Bank is the sole bank subsidiary of Lakeland Financial Corporation, which is listed on the Nasdaq Global Select under the ticker LKFN [5]

Company Expansion - Lake City Bank has announced the acquisition of a property at 6388 Mills Drive in Whitestown, Indiana, with plans to renovate it into a full-service branch expected to open in 2026, marking the bank's expansion into Boone County [1][2] - This new branch will be the bank's 10th office in the Indianapolis Region, reflecting the bank's growth since entering the market in 2011 [2] Renovation and Services - Renovations will begin later this year to convert the existing structure, which previously housed several restaurants, into a modern banking facility that will cater to both personal and business banking needs [3] - The new branch will include a full-service lobby, drive-up banking, and an ATM [3] Strategic Location - The location is strategically positioned near Interstate 65, surrounded by residential neighborhoods and retail and industrial businesses, which will provide convenient access for customers and enhance community engagement [4] - The bank's community banking model focuses on building long-term customer relationships while offering technology-forward solutions for retail and commercial clients [4] Company Profile - Lake City Bank is a $6.9 billion bank headquartered in Warsaw, Indiana, with a total of 54 branch offices and a robust digital banking platform [4]

Core Insights - Lake City Bank has appointed Gregory C. Brown as Senior Vice President and Commercial Elkhart Regional Manager to lead the newly formed Commercial Elkhart Region, aimed at better serving the growing business community in Elkhart [1][2]. Company Overview - Lake City Bank, headquartered in Warsaw, Indiana, has a total asset value of $6.9 billion and operates 54 branch offices, focusing on Central and Northern Indiana communities [4]. - The bank was founded in 1872 and emphasizes a community banking model that prioritizes long-term customer relationships while providing technology-forward solutions for both retail and commercial clients [4]. Leadership and Strategy - David M. Findlay, Chairman and CEO, highlighted that the creation of a dedicated team for Elkhart reflects the bank's success and growth in the area over the past 35 years [2]. - Brown brings 30 years of experience in financial services, including a previous role at Lake City Bank from 2016 to 2021, and has been actively involved in the Elkhart community through various organizations [3]. Regional Focus - The new Commercial Elkhart Region will consist of a team of three Commercial Banking Officers, while the existing Commercial North Region will continue to serve clients in St. Joseph County and surrounding areas [2][3]. - The regional realignment is expected to create new opportunities for the Commercial North Region team in South Bend and nearby areas [3].