Glacier Bancorp, Inc. Announces Third Quarter Earnings Release and Conference Call

Rhea-AI Summary

Glacier Bancorp, Inc. (Nasdaq GS: GBCI) will report its third-quarter financial results post-market on October 22, 2020. A conference call for investors is scheduled for October 23, 2020, at 11:00 a.m. ET. Participants can join the call via phone or webcast. The company operates multiple bank divisions across the western U.S. Looking ahead, management anticipates growth in loans and deposits, contingent on economic conditions. However, various risks, including adverse economic trends and regulatory changes, may impact future performance.

Positive

• Management anticipates growth in loans and deposits.

Negative

• Economic conditions may adversely affect internal growth.
• Changes in interest rates might reduce interest margins.
• Projected business growth from expansions may be lower than expected.
• Integration costs of acquisitions could exceed expectations.
• Increased competitive pressure may impact operations.
• Adverse regulatory changes could affect business.

KALISPELL, Mont., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (Nasdaq GS: GBCI) will report third quarter financial results after the market closes on October 22, 2020. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, October 23, 2020.

The conference call will be accessible by telephone and webcast. Interested individuals are invited to listen to the call by dialing 877-561-2748 and conference ID 1497135. To participate on the webcast, log on to: https://edge.media-server.com/mmc/p/or6wd4fi.

If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com, or by calling 855-859-2056 with the ID 1497135 by November 6, 2020.

Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), North Cascades Bank (Chelan, WA), The Foothills Bank (Yuma, AZ), Valley Bank of Helena (Helena, MT), and Western Security Bank (Billings, MT).

This presentation will include forward looking statements which describe management’s expectations regarding future events and developments such as future operating results, growth in loans and deposits, continued success of the Company’s style of banking and the strength of the local economies in which it operates. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. In addition to discussions about risks and uncertainties set forth from time to time in the Company’s public filings, factors that may cause actual results to differ materially from those contemplated by such forward looking statements include, among others, the following possibilities: (1) local, national and international economic conditions are less favorable than expected or have a more direct and pronounced effect on the Company than expected and adversely affect the Company’s ability to continue its internal growth at historical rates and maintain the quality of its earning assets; (2) changes in interest rates reduce interest margins more than expected and negatively affect funding sources; (3) projected business increases following strategic expansion or opening or acquiring new banks and/or branches are lower than expected; (4) costs or difficulties related to the integration of acquisitions are greater than expected; (5) competitive pressure among financial institutions increases significantly; (6) legislation or regulatory requirements or changes adversely affect the businesses in which the Company is engaged. 

Randall M. Chesler, CEO
(406) 751-4722
Ron J. Copher, CFO
(406) 751-7706

FAQ

When will Glacier Bancorp report its third-quarter results?

Glacier Bancorp will report its third-quarter financial results after the market closes on October 22, 2020.

What is the date and time for the Glacier Bancorp conference call?

The conference call is scheduled for 11:00 a.m. Eastern Time on October 23, 2020.

How can I participate in the Glacier Bancorp conference call?

You can join the call by dialing 877-561-2748 or via the webcast at the provided link.

What are the expected growth areas for Glacier Bancorp?

Management expects growth in loans and deposits, dependent on economic conditions.

What risks could impact Glacier Bancorp's future results?

Risks include unfavorable economic conditions, interest rate changes, lower business growth from expansions, and increased regulatory pressures.