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Glacier Bancorp, Inc. (GBCI) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI

gbci_logoxstatesxmayx2019.jpg

NEWS RELEASE
January 27, 2022
FOR IMMEDIATE RELEASECONTACT: Randall M. Chesler, CEO
(406) 751-4722
Ron J. Copher, CFO
(406) 751-7706

GLACIER BANCORP, INC. ANNOUNCES
RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2021

4th Quarter 2021 Highlights:
Net interest income, on a tax-equivalent basis, excluding the PPP loans, of $184 million, increased $29.4 million, or 19 percent, over the prior quarter net interest income of $154 million.
The loan portfolio, excluding the Payroll Protection Program (“PPP”) loans, organically grew $448 million, or 16 percent annualized, in the current quarter.
Core deposits organically increased $560 million, or 13 percent annualized, during the current quarter.
Received $201 million in PPP loan forgiveness proceeds from the U.S. Small Business Administration (“SBA”) during the current quarter compared to $327 million in the prior quarter.
The Company transferred the listing of its common stock to the New York Stock Exchange (“NYSE”) from the NASDAQ Global Select Market.
Declared and paid a regular quarterly dividend of $0.32 per share. The Company has declared 147 consecutive quarterly dividends and has increased the dividend 48 times.
Declared a special dividend of $0.10 per share. This was the 18th special dividend the Company has declared.

Year 2021 Highlights:
Record net income of $285 million, an increase of $18.4 million, or 7 percent, over the prior year net income of $266 million.
Diluted earnings per share of $2.86, an increase of 2 percent from the prior year diluted earnings per share of $2.81.
Net interest income, on a tax-equivalent basis, excluding the PPP loans, of $636 million, an increase of $57.5 million, or 10 percent, over the prior year net interest income of $578 million.
The loan portfolio, excluding the PPP loans, organically increased $1.160 billion, or 11 percent, in 2021.
Core deposits organically increased $3.278 billion, or 22 percent, during 2021.
The Company funded 8,525 PPP loans in the amount of $555 million during the first half of 2021.
1

The following information was filed by Glacier Bancorp Inc (GBCI) on Thursday, January 27, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Glacier Bancorp Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Financial Condition
Consolidated Statements Of Financial Condition (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Borrowings
Borrowings (Tables)
Borrowings - Additional Information (Details)
Borrowings - Summary Of Repurchase Agreements (Details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (Details)
Commitments And Contingent Liabilities (Tables)
Debt Securities
Debt Securities (Tables)
Debt Securities - Amortized Cost, Gross Unrealized Gains And Losses And Fair Value Of Investment Securities (Details)
Debt Securities - Credit Quality Indicators For Htm Debt Securities (Details)
Debt Securities - Gain Or Loss On Sale (Details)
Debt Securities - Maturity Schedule (Details)
Debt Securities - Narrative (Details)
Debt Securities - Unrealized Loss Position (Details)
Deposits
Deposits (Tables)
Deposits - Narrative (Details)
Deposits - Scheduled Maturities Of Time Deposits (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Tables)
Derivatives And Hedging Activities - Interest Rate Swap Gains Or Losses (Details)
Derivatives And Hedging Activities - Narrative (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans - Narrative (Details)
Fair Value Of Assets And Liabilities
Fair Value Of Assets And Liabilities (Tables)
Fair Value Of Assets And Liabilities - Carrying Amount And Fair Value Of Financial Instruments (Details)
Fair Value Of Assets And Liabilities - Fair Value Measurements On A Non-Recurring Basis (Details)
Fair Value Of Assets And Liabilities - Fair Value Measurements On A Recurring Basis (Details)
Fair Value Of Assets And Liabilities - Narrative (Details)
Fair Value Of Assets And Liabilities - Quantitative Information About Level 3 Fair Value Measurements (Details)
Federal And State Income Taxes
Federal And State Income Taxes (Tables)
Federal And State Income Taxes - Deferred Tax Assets And Deferred Tax Liabilities (Details)
Federal And State Income Taxes - Narrative (Details)
Federal And State Income Taxes - Summary Of Effective Tax Rate (Details)
Federal And State Income Taxes - Summary Of Income Tax Expense (Details)
Loan Servicing
Loan Servicing (Details)
Loan Servicing (Tables)
Loans Receivable, Net
Loans Receivable, Net (Tables)
Loans Receivable, Net - Acl Activity (Details)
Loans Receivable, Net - Aging Analysis (Details)
Loans Receivable, Net - Collateral-Dependent Loans (Details)
Loans Receivable, Net - Credit Quality Indicators For Commercial Loans (Details)
Loans Receivable, Net - Narrative (Details)
Loans Receivable, Net - Summary Of Loans Receivable (Details)
Loans Receivable, Net - Troubled Debt Restructurings (Details)
Mergers And Acquisitions
Mergers And Acquisitions (Tables)
Mergers And Acquisitions - Consideration Transferred, Identifiable Net Assets Acquired And Goodwill Recognized (Details)
Mergers And Acquisitions - Narrative (Details)
Mergers And Acquisitions - Pro Forma Summary (Details)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (Policies)
Nature Of Operations And Summary Of Significant Accounting Policies (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies - Narrative (Details)
Nature Of Operations And Summary Of Significant Accounting Policies - Schedule Of Provision For Credit Losses (Details)
Notes Receivable, Net - Credit Quality Indicators For Rre And Consumer Loans (Details)
Other Expenses
Other Expenses (Details)
Other Expenses (Tables)
Other Intangible Assets And Goodwill
Other Intangible Assets And Goodwill (Tables)
Other Intangible Assets And Goodwill - Changes In The Carrying Value Of Goodwill (Details)
Other Intangible Assets And Goodwill - Narrative (Details)
Other Intangible Assets And Goodwill - Net Carrying Value Of Core Deposit Intangibles (Details)
Parent Holding Company Information (Condensed)
Parent Holding Company Information (Condensed) (Tables)
Parent Holding Company Information (Condensed) - Condensed Statements Of Cash Flows (Details)
Parent Holding Company Information (Condensed) - Condensed Statements Of Financial Condition (Details)
Parent Holding Company Information (Condensed) - Condensed Statements Of Operations And Comprehensive Income (Details)
Premises And Equipment
Premises And Equipment (Tables)
Premises And Equipment - Components Of Lease Expense (Details)
Premises And Equipment - Lease Summary (Details)
Premises And Equipment - Maturities Of Lease Liabilities (Details)
Premises And Equipment - Net Of Accumulated Depreciation (Details)
Premises And Equipment - Supplemental Cash Flow Information (Details)
Regulatory Capital
Regulatory Capital (Details)
Regulatory Capital (Tables)
Stock-Based Compensation Plan
Stock-Based Compensation Plan (Tables)
Stock-Based Compensation Plan - Narrative (Details)
Stock-Based Compensation Plan - Summary Of Restricted Stock Unit Activity (Details)
Stock-Based Compensation Plan - Summary Of Stock Option Activity (Details)
Subordinated Debentures
Subordinated Debentures (Tables)
Subordinated Debentures - Narrative (Details)
Subordinated Debentures - Schedule Of Subordinated Debentures (Details)
Unaudited Quarterly Financial Data (Condensed)
Unaudited Quarterly Financial Data (Condensed) (Details)
Unaudited Quarterly Financial Data (Condensed) (Tables)
Variable Interest Entities
Variable Interest Entities (Tables)
Variable Interest Entities - Additional Information (Details)
Variable Interest Entities - Amortization Expense And Tax Credits And Other Tax Benefits (Details)
Variable Interest Entities - Future Unfunded Contingent Commitments (Details)
Variable Interest Entities - Vie Carrying Amounts Included In Financial Statements (Details)
Ticker: GBCI
CIK: 868671
Form Type: 10-K Annual Report
Accession Number: 0000868671-22-000053
Submitted to the SEC: Wed Feb 23 2022 4:44:58 PM EST
Accepted by the SEC: Wed Feb 23 2022
Period: Friday, December 31, 2021
Industry: State Commercial Banks

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