Glacier Bancorp Inc - GBCI STOCK NEWS

In the first quarter of 2023, Glacier Bancorp, Inc. (GBCI) reported a net income of $61.2 million, reflecting a decrease of 10% from the previous year. The diluted earnings per share also fell to $0.55, down 10% year-over-year. Despite challenges from rising funding costs linked to Federal Reserve rate increases, interest income increased 22% year-over-year to $232 million. The company maintained a strong cash position with liquidity of $15.1 billion. Total deposits stood at $21.34 billion, a slight decrease compared to the prior quarter. A quarterly dividend of $0.33 per share was declared, continuing a streak of 152 consecutive dividends. Non-performing assets remained stable at 0.12% of subsidiary assets.

Glacier Bancorp, Inc. (NYSE: GBCI) is set to release its first quarter financial results after market close on April 20, 2023. Investors can join a conference call scheduled for April 21, 2023, at 11:00 a.m. Eastern Time. Registration is required to obtain dial-in instructions, as the general dial-in number is no longer available. Participants may also log in to a webcast for real-time updates.

The company operates multiple bank divisions across several states including Glacier Bank, Altabank, and Citizens Community Bank, among others. For those unable to attend the live call, an archived version will be accessible on the company's website.

Glacier Bancorp, Inc. (NYSE: GBCI) announced a quarterly dividend of $0.33 per share on March 29, 2023. This marks the 152nd consecutive quarterly dividend declared by the company, which has increased dividends 49 times since its inception. The dividend payment is scheduled for April 20, 2023, to shareholders recorded as of April 11, 2023.

This consistent performance underscores the company's commitment to delivering value to its shareholders.

Glacier Bancorp, Inc. (GBCI) reported a net income of $79.7 million for Q4 2022, marking a 57% increase compared to Q4 2021's $50.7 million. For the year, net income reached $303 million, a 6% growth from 2021. The loan portfolio, excluding PPP loans, grew by $397 million in Q4 and by $1.974 billion over the year. Interest income rose 5% sequentially and 17% annually, totaling $225 million in Q4. The Company declared a quarterly dividend of $0.33, continuing a streak of 151 consecutive dividends. However, total debt securities decreased by 5% quarterly and 13% yearly.

Glacier Bancorp, Inc. (GBCI) will announce its fourth quarter financial results on January 26, 2023, after market closure. An investor conference call is scheduled for January 27, 2023, at 11:00 a.m. Eastern Time.

Investors can register for the call online to receive dial-in instructions, as the host has discontinued a general dial-in number. The call will also be accessible via a webcast, and an archived version will be available on the company's website.

Glacier Bancorp, Inc. (NYSE: GBCI) has declared a quarterly dividend of $0.33 per share, marking the 151st consecutive quarterly dividend and the 49th increase in its dividend history. The dividend is set to be paid on December 15, 2022 to shareholders on record as of December 6, 2022.

Glacier Bancorp (NYSE: GBCI) has appointed Tommy Espinoza as a director effective December 1, 2022. Espinoza has over 45 years of experience in community development and is the President and CEO of Espinoza Community Development LLC. He has previously served as the co-founder and President of Raza Development Fund, the largest Latino Community Financial Institution in the U.S. His extensive background in executive leadership and community development is expected to strengthen the company's governance and strategic initiatives.