secwatch.observer — SEC 8-K summary
======================================

Issuer:     GLACIER BANCORP, INC. (GBCI)
CIK:        0000868671
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000868671-23-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glacier Bancorp Q2 net income falls 28% YoY to $55.0M; NIM narrows to 2.74%
---------------------------------------------------------------------------

- Net income $55.0M ($0.50 diluted EPS), down 28% from $76.4M ($0.69) in Q2 2022.
- Net interest margin (tax-equivalent) compressed to 2.74% from 3.23% a year ago; interest expense surged 1,116%.
- Loan portfolio grew 11% annualized to $15.955B; commercial real estate led with $229M increase.
- Non-performing assets remained low at 0.12% of subsidiary assets; ACL at 1.19% of loans.
- Dividend declared $0.33 per share, unchanged; tangible book value rose to $17.18 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868671/000086867123000110/0000868671-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868671/000086867123000110/gbci-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000868671-23-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer