earnings
confidence high
sentiment positive
materiality 0.75
Glacier Bancorp Q4 EPS $0.54, up 20% QoQ; NIM expands to 2.97%
GLACIER BANCORP, INC.
2024-FY EPS reported
$1.68
revenue$94,011,000
- Net income $61.8M (+21% QoQ, +14% YoY); diluted EPS $0.54 vs $0.45 Q3 and $0.49 Q4 2023.
- Net interest margin (tax-equiv) 2.97%, up 14 bps from Q3 and 41 bps YoY; net interest income $191M (+6% QoQ).
- Loan portfolio $17.26B grew $81M (2% annualized) in Q4; loan yield 5.72% (+3 bps QoQ).
- Paid off $2.74B BTFP in 2024 using $2.14B FHLB advances and cash; quarterly dividend $0.33/share unchanged.
- Full-year 2024 net income $190M (-15% YoY) with acquisitions Wheatland (Jan) and RMB (Jul) contributing.