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Glacier Bancorp, Inc. (GBCI) is a regional bank holding company headquartered in Kalispell, Montana. The company provides comprehensive commercial banking services across six states: Montana, Idaho, Utah, Washington, Wyoming, and Colorado. Through its primary subsidiary, Glacier Bank, and multiple bank divisions, it serves over 80 communities, offering an extensive range of financial products and services.
Glacier Bancorp's core offerings include deposit accounts, loans, and mortgage origination services. The company primarily caters to individuals, small- to medium-sized businesses, community organizations, and public entities. Its loan portfolio is heavily weighted towards commercial real estate, while net interest income constitutes the bulk of its revenue.
The bank operates through various divisions, including:
- Glacier Bank (Kalispell)
- First Security Bank of Missoula
- Valley Bank of Helena
- Big Sky Western Bank (Bozeman)
- Western Security Bank (Billings)
- First Bank of Montana (Lewistown)
- Mountain West Bank (Coeur d'Alene, serving Idaho, Utah, and Washington)
- Citizens Community Bank (Pocatello, Idaho)
- 1st Bank (Evanston, serving Wyoming and Utah)
- First Bank of Wyoming (Powell)
- First State Bank (Wheatland, Wyoming)
- North Cascades Bank (Chelan, Washington)
- Bank of the San Juans (Durango, Colorado)
Glacier Bancorp emphasizes growth through strategic acquisitions and organic expansion. Recent financial results indicate a cautious yet optimistic approach towards credit loss provisions, reflecting prudent financial management in uncertain economic climates. The company's net charge-offs and provisions for credit losses have been managed effectively to ensure financial stability.
For the latest news and updates, investors can follow key events such as financial summaries, credit quality trends, and quarterly earnings calls. Glacier Bancorp remains committed to serving its communities through steady and reliable banking services.
Glacier Bancorp, Inc. (GBCI) reported a net income of $79.3 million for Q3 2022, a 5% increase from the previous quarter and the same period last year. The loan portfolio grew $457 million or 13% annualized, while core deposits rose $96 million (2% annualized). Net interest margin improved to 3.34%, up from 3.23%. Despite these gains, year-to-date net income of $224 million marked a decline of 5% due to reduced PPP income and gains from loan sales. The company declared a dividend of $0.33 per share, maintaining a history of 150 consecutive dividends.
On September 28, 2022, Glacier Bancorp, Inc. (GBCI) declared a quarterly dividend of $0.33 per share, marking the 150th consecutive quarterly dividend declared by the company, with a total of 49 increases over time. This dividend will be payable on October 20, 2022, to shareholders on record as of October 11, 2022.
Glacier Bancorp, Inc. (NYSE: GBCI) is set to release its third-quarter financial results on October 20, 2022, after market closure. An investor conference call will follow on October 21, 2022, at 11:00 a.m. Eastern Time. Instead of a general dial-in number, interested investors must register to receive dial-in details. The call will also be available via a webcast, with a recording accessible on the company's website afterward. Glacier Bancorp operates multiple bank divisions across various states, enhancing its service reach.
Glacier Bancorp reported a net income of $76.4 million for Q2 2022, reflecting a 13% increase from the previous quarter. However, this represents a 2% decline compared to the same quarter last year. The loan portfolio grew by 21% annualized, excluding PPP loans, while the net interest margin improved slightly to 3.23%. Despite the solid growth in loans and deposits, non-interest income fell 20% year-over-year due to significant decreases in gains from loan sales. The company declared a quarterly dividend of $0.33, marking the 149th consecutive dividend payment.
Glacier Bancorp, Inc. (NYSE: GBCI) will release its second quarter financial results post-market on July 21, 2022. Following this, an investor conference call is set for 11:00 AM ET on July 22, 2022. Interested participants must register online for dial-in instructions due to a change in the hosting process by Notified. The conference call will be archived on the company's website for those unable to attend live.
On June 29, 2022, Glacier Bancorp, Inc. (NYSE: GBCI) declared a quarterly dividend of $0.33 per share, marking the 149th consecutive quarterly dividend and a total of 49 increases in dividend payouts. The dividend will be payable on July 21, 2022, to shareholders on record as of July 12, 2022. This reflects the company's commitment to returning value to its shareholders while maintaining a strong dividend track record.
Glacier Bancorp reported a net income of $67.8 million for Q1 2022, a decrease of 16% year-over-year, driven by a decline in PPP-related income and an increase in credit loss expenses. The loan portfolio grew by $407 million (12% annualized), while core deposits rose by $383 million (7% annualized). Despite a 3% decrease in non-interest expenses quarter-over-quarter, the net interest income was $190 million, marking a 2% increase from the prior quarter. A dividend of $0.33 was declared, reflecting a 3% increase from the previous quarter.
Glacier Bancorp (NYSE: GBCI) has announced a quarterly dividend of $0.33 per share, payable on April 21, 2022, to shareholders on record by April 12, 2022. This marks the 148th consecutive quarterly dividend declaration and the 49th increase since inception. The consistency in dividend payments highlights the company’s strong financial health.
Glacier Bancorp (GBCI) reported a net income of $50.7 million for Q4 2021, down 38% year-over-year. Diluted EPS decreased to $0.46, primarily due to $22.3 million in credit loss expenses and $8.2 million in acquisition-related costs from acquiring Altabank. Despite a 19% increase in net interest income to $184 million, total non-interest income fell by 23% to $34.4 million. The company's loan portfolio grew significantly, with core deposits up 22% in 2021. A special dividend of $0.10 per share was declared, marking the 18th special dividend issued.
Glacier Bancorp, Inc. (NYSE: GBCI) will announce its fourth quarter financial results on January 27, 2022, after market closure. The company will host a conference call for investors at 11:00 a.m. ET on January 28, 2022, accessible via phone or webcast. Participants can join the call by dialing 877-561-2748 with conference ID 3278859 or through a webcast link. For those unable to attend live, the call will be archived on their website until February 4, 2022.
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