Glacier Bancorp Q1 net income $61.2M, down 10% YoY; EPS $0.55, NIM 3.08%

GLACIER BANCORP, INC.

2023-Q1 EPS reported $0.55 revenue$20,879,000

Net income of $61.2M, down 23% QoQ and 10% YoY; diluted EPS $0.55 vs $0.61 last year.
Net interest margin (tax-equivalent) fell to 3.08% from 3.30% prior quarter; funding costs surged.
Loan portfolio grew $272M (7% annualized); new loan production yield 6.96%.
Deposits & repurchase agreements decreased $213M; cash position increased $1.1B.
Non-performing assets at 0.12% of subsidiary assets; dividend held at $0.33 per share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GLACIER BANCORP, INC. reported the quarter ended March 31, 2023 results: net income $61.2 million, EPS $0.55 per share.

Period: the quarter ended March 31, 2023
Net income: $61.2 million
EPS: $0.55 per share
Result: reported results

Exact text from the filing

On April 20, 2023, Glacier Bancorp, Inc. ("Company") issued a press release announcing its financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000868671-23-000074

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