8-K
filed October 19, 2023, 7:59 PM ET
ticker GBCI
CIK 0000868671
earnings
confidence high
sentiment negative
materiality 0.85
Glacier Q3 net income $52.4M, down 34% YoY; announces acquisition of Wheatland Bank
GLACIER BANCORP, INC.
2023-Q3 EPS reported
$1.52
revenue$65,938,000
- Net income $52.4M (EPS $0.47) vs $79.3M ($0.72) in Q3 2022; net interest margin fell to 2.58%.
- Total deposits & repurchase agreements $21.9B, up $530M; non-interest bearing deposits stable.
- Signed definitive agreement to acquire Community Financial Group (Wheatland Bank) with $763M assets; expected close Q4 2023.
- Dividend maintained at $0.33/share; 154th consecutive quarterly dividend.
- Credit quality: non-performing assets $42.3M (0.15% of assets); provision for loan losses $5.1M.
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 nine months ended September 30, 2023 results: net income $169 million, EPS $1.52 per share.
- Period
- the nine months ended September 30, 2023
- Net income
- $169 million
- EPS
- $1.52 per share
- Result
- reported results
Exact text from the filing
Net income for the nine months ended September 30, 2023 was $169 million, a decrease of $54.9 million, or 25 percent, from the $224 million for the first nine months in the prior year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GLACIER BANCORP, INC. reported the quarter ended September 30, 2023 results: net income $52.4 million, EPS $0.47 per share.
- Period
- the quarter ended September 30, 2023
- Net income
- $52.4 million
- EPS
- $0.47 per share
- Result
- reported results
Exact text from the filing
On October 19, 2023, Glacier Bancorp, Inc. ("Company") issued a press release announcing its financial results for the quarter ended September 30, 2023.
View on SEC.gov
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