secwatch.observer — SEC 8-K summary
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Issuer:     GLACIER BANCORP, INC. (GBCI)
CIK:        0000868671
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000868671-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glacier Bancorp Q1 net income $32.6M, down 47% YoY; EPS $0.29
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- Net income $32.6M ($0.29 diluted EPS) vs $61.2M ($0.55) in year-ago quarter; decrease driven by higher funding costs and Wheatland acquisition expenses.
- Net interest margin (tax-equivalent) improved to 2.59% from 2.56% QoQ, first increase since Q3 2022; core NIM 2.55%.
- Loans grew 3% to $16.73B; deposits up 3% to $20.43B; repaid $2.74B BTFP borrowings using FHLB advances and cash.
- Completed Wheatland Bank acquisition (assets $778M) on Jan 31,2024; announced agreement to buy 6 Montana branches from HTLF, expected close Q3 2024.
- Non-interest expense $151.8M included $10.7M acquisition costs and $1.5M FDIC special assessment; efficiency ratio rose to 74.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868671/000086867124000058/0000868671-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868671/000086867124000058/gbci-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000868671-24-000058

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