earnings
confidence high
sentiment neutral
materiality 0.75
Glacier Bancorp Q2 net income $44.7M; EPS $0.39; NIM expands 9bp to 2.68%
GLACIER BANCORP, INC.
2024-Q2 EPS reported
$0.68
revenue$45,407,000
- Net income $44.7M, up 37% QoQ ($32.6M) but down 19% YoY ($55.0M); diluted EPS $0.39.
- Net interest margin 2.68%, +9bp QoQ; loan yield 5.58% (+12bp QoQ); core deposit cost 1.36%.
- Loan portfolio $16.85B, +$119M (3% annualized) during Q2; core deposits $20.1B, -$325M QoQ.
- Non-performing assets $18.0M, down 29% QoQ; ACL 1.19% of loans; net charge-offs $2.9M.
- Completed Wheatland acquisition ($778M assets) in Jan 2024; paid off $2.74B BTFP in Q1.