Glacier Bancorp Inc - GBCI STOCK NEWS

Glacier Bancorp (NYSE: GBCI) reported Q3 2024 net income of $51.1 million, up 14% from Q2's $44.7 million but down 3% year-over-year. Diluted EPS was $0.45, increasing 15% from Q2's $0.39. The company completed two significant acquisitions: six Montana branch locations of Rocky Mountain Bank with $403 million in assets and Wheatland Bank with $778 million in assets. Key metrics include net interest margin of 2.83%, loan portfolio growth of $329 million (2%), and core deposits increase of $613 million (3%). The company declared its 158th consecutive quarterly dividend of $0.33 per share.

Glacier Bancorp (NYSE: GBCI) has announced its schedule for releasing third quarter financial results and hosting a conference call. The company will report its Q3 financial results after market close on October 24, 2024. A conference call for investors is set for 11:00 a.m. Eastern Time on Friday, October 25, 2024.

Investors wishing to join the call must register via a provided link to obtain dial-in instructions. A webcast option is also available. For those unable to participate live, the call will be archived on Glacier Bancorp's website. The company is the parent of Glacier Bank and its various bank divisions across multiple states.

Glacier Bancorp (NYSE: GBCI) has declared a quarterly dividend of $0.33 per share, as announced by its Board of Directors on September 24, 2024. This marks the company's 158th consecutive quarterly dividend, with 49 dividend increases to date. The dividend will be payable on October 17, 2024, to shareholders of record as of October 8, 2024.

Glacier Bancorp is the parent company of Glacier Bank and its various bank divisions operating across multiple states, including Utah, Colorado, Idaho, Montana, Wyoming, Nevada, Arizona, and Washington. These divisions serve diverse communities with localized banking services.

Glacier Bancorp (NYSE: GBCI) has successfully completed the acquisition of six Montana branch locations from HTLF Bank, a subsidiary of Heartland Financial USA (NASDAQ: HTLF). The transaction, finalized on July 19, 2024, includes the transfer of deposits, loans, owned real estate, and other assets associated with these branches. The acquired branches are located in Billings, Bozeman, Plentywood, Stevensville, and Whitehall.

These branches have been integrated into Glacier Bank's existing Montana divisions, including First Bank of Montana, First Security Bank of Bozeman, First Security Bank of Missoula, Valley Bank, and Western Security Bank. This strategic move is expected to strengthen Glacier Bancorp's presence in Montana and expand its customer base in key markets across the state.

Glacier Bancorp (NYSE: GBCI) reported a net income of $44.7 million for Q2 2024, a 37% increase from the prior quarter but a 19% decline from the prior year. Diluted EPS was $0.39, up 34% QoQ but down 22% YoY. Net interest margin improved to 2.68%. The loan portfolio grew 3% annualized, while non-performing assets dropped 29% QoQ. Non-interest expense decreased 7% QoQ, though up 8% YoY, primarily due to Wheatland acquisition costs. For H1 2024, net income was $77.3 million, down 33% YoY, largely due to higher funding costs and credit loss provisions. Dividends remained steady at $0.33 per share. The company completed the acquisition of Wheatland Bank, adding $778 million in assets.

Glacier Bancorp will release its Q2 financial results after market close on July 18, 2024. A subsequent investor conference call is scheduled for 11:00 a.m. ET on July 19, 2024. The call will no longer have a general dial-in number; investors must register online to receive dial-in instructions. The webcast will also be available on the company’s website. Glacier Bancorp, which operates through multiple bank divisions across several states, will archive the call on its website for later access.

Glacier Bancorp (NYSE: GBCI) has declared a quarterly dividend of $0.33 per share, announced on June 25, 2024. This marks the company's 157th consecutive quarterly dividend, with a history of increasing dividends 49 times. Shareholders on record as of July 09, 2024, will receive the dividend on July 18, 2024.