earnings
confidence high
sentiment positive
materiality 0.80
Glacier Bancorp Q4 net income $79.7M (+57% YoY); loan growth 11% annualized
GLACIER BANCORP, INC.
2022-FY EPS reported
$2.74
revenue$82,850,000
- Net income $79.7M in Q4, up 57% from $50.7M YoY; diluted EPS $0.72 vs $0.46.
- Full-year net income $303M (+6% YoY); diluted EPS $2.74 vs $2.86 (down 4% due to higher share count).
- Loan portfolio ex-PPP grew $397M (+11% annualized) in Q4; commercial real estate led with $214M increase.
- Non-interest expense down 1% QoQ to $129M; non-performing assets 0.12% of subsidiary assets.
- Core deposits declined $1.3B in Q4; FHLB advances increased $1.095B to fund loan growth.