8-K
filed January 25, 2024, 6:59 PM ET
ticker GBCI
CIK 0000868671
earnings
confidence high
sentiment negative
materiality 0.70
Glacier Bancorp Q4 net income $54.3M, down 32% YoY; EPS $0.49 vs $0.72
GLACIER BANCORP, INC.
2023-FY EPS reported
$2.01
revenue$88,547,000
- Q4 net income $54.3M ($0.49 diluted EPS) vs $79.7M ($0.72) a year ago; full-year 2023 net income $223M ($2.01 EPS).
- Net interest margin compressed to 2.56% from 3.30% a year ago on higher funding costs.
- Announced acquisition of Wheatland Bank (Community Financial Group) expected to close Jan 31, 2024; total assets $728M.
- Q4 non-interest expense included $6.0M FDIC special assessment; total expense $132.2M.
- Tangible book value per share rose to $18.06 from $16.40 a year ago; loan growth 6% for 2023.
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 year ended December 31, 2023 results: net income $223 million, EPS $2.01 per share.
- Period
- the year ended December 31, 2023
- Net income
- $223 million
- EPS
- $2.01 per share
- Result
- reported results
Exact text from the filing
Net income for 2023 was $223 million, a decrease of $80.3 million, or 26 percent, from $303 million for 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 December 31, 2023 results: net income $54.3 million, EPS $0.49 per share.
- Period
- the quarter ended December 31, 2023
- Net income
- $54.3 million
- EPS
- $0.49 per share
- Result
- reported results
Exact text from the filing
On January 25, 2024, Glacier Bancorp, Inc. ("Company") issued a press release announcing its financial results for the quarter ended December 31, 2023.
View on SEC.gov
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