Glacier Bancorp Inc - GBCI STOCK NEWS

Glacier Bancorp, Inc. has successfully transferred its listing to the New York Stock Exchange (NYSE), trading as of today under the ticker symbol GBCI. This strategic move aims to enhance shareholder value by utilizing the NYSE's unique market model, advanced technology, and extensive network of business leaders. With over 300 companies having switched to the NYSE since 2000, Glacier Bancorp seeks to leverage increased brand visibility and investor relations services to support its growth trajectory. President Randy Chesler expressed optimism about the future direction alongside the NYSE community.

Glacier Bancorp, Inc. (NASDAQ: GBCI) announced a transfer of its common stock listing from NASDAQ to the New York Stock Exchange (NYSE), effective December 17, 2021. This strategic move is aimed at enhancing shareholder value, according to CEO Randy Chesler. The company will continue trading on NASDAQ until December 16, 2021. The NYSE welcomes Glacier Bancorp as a prominent regional bank, connecting it with well-established corporations.

On November 17, 2021, Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.32 per share, marking its 147th consecutive quarterly dividend and the 48th increase. The dividend will be payable on December 16, 2021, to shareholders on record as of December 7, 2021. This continued commitment to returning income to shareholders demonstrates GBCI's financial stability and confidence in future growth.

Glacier Bancorp (GBCI) reported a net income of $75.6 million for Q3 2021, down 3% year-over-year. The diluted earnings per share decreased to $0.79. Excluding PPP loans, the loan portfolio grew by $382 million or 14% annualized. Core deposits rose by 18%, totaling $17.477 billion. The company received $327 million in PPP loan forgiveness and declared a quarterly dividend of $0.32. Year-to-date net income increased 27% to $234 million. The acquisition of Altabancorp strengthened GBCI’s market position. Total assets reached $21.314 billion as of September 30, 2021.

Glacier Bancorp, Inc. (NASDAQ: GBCI) has successfully completed its acquisition of Altabancorp (NASDAQ: ALTA), the largest community bank in Utah, as of October 1, 2021. With this acquisition, Altabank will function under Glacier Bank, expanding its services across Utah and southern Idaho with 25 branches. As of June 30, 2021, Altabancorp reported total assets of $3.5 billion, loans of $1.9 billion, and deposits of $3.2 billion. This acquisition increases Glacier's total assets to $24 billion and total deposits to $19.9 billion, enhancing its market presence significantly.

Glacier Bancorp has successfully completed its acquisition of Altabancorp, heralding a new phase for both companies. Altabank, the largest community bank in Utah with total assets of $3.5 billion, joins Glacier, boosting its overall assets to $24 billion. This strategic merger aims to enhance market presence across Utah and Idaho. The acquisition closed ahead of schedule, signaling effective integration plans. As of June 30, 2021, the pro forma combined totals include loans reaching $13.1 billion and deposits of $19.9 billion.

Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.32 per share on September 30, 2021. This marks the 146th consecutive quarterly dividend declared by the company, with a total of 48 increases since inception. The dividend is payable on October 21, 2021, to shareholders on record by October 12, 2021. The consistent dividend payments reflect the company's strong financial performance and commitment to returning value to shareholders.

Glacier Bancorp, Inc. (GBCI) will release its third-quarter financial results on October 21, 2021, after market closure. An investor conference call is set for October 22, 2021, at 11:00 a.m. ET, accessible via telephone or webcast. Those who miss the live event can access the archived call on the company's website until October 29, 2021. Glacier Bancorp is the parent of numerous bank divisions across several states, including Glacier Bank and First Security Bank.

Glacier Bancorp, Inc. (NASDAQ: GBCI) announces the appointment of Michael B. Hormaechea as a Director, effective September 1, 2021. Hormaechea, with over 25 years in real estate development, will also serve on various committees including Audit and Risk Oversight. He brings extensive experience in corporate management, strategic planning, and finance. As the manager of Hormaechea Development LLC and a director at Mountain West Bank, his leadership is expected to enhance the company's governance and strategic direction.