secwatch.observer — SEC 8-K summary
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Issuer:     GLACIER BANCORP, INC. (GBCI)
CIK:        0000868671
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000868671-23-000127
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glacier Q3 net income $52.4M, down 34% YoY; announces acquisition of Wheatland Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868671/000086867123000127/0000868671-23-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868671/000086867123000127/gbci-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000868671-23-000127

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