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Glacier Bancorp Inc (GBCI) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI




NEWS RELEASE

FOR IMMEDIATE RELEASE
CONTACT: Michael J. Blodnick
(406) 751-4701
Ron J. Copher
(406) 751-7706

GLACIER BANCORP, INC. ANNOUNCES
RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2013


HIGHLIGHTS:
Net Income of $26.5 million for the current quarter increased 28 percent from the prior year fourth quarter and net income of $95.6 million for the current year increased 27 percent from the prior year.
Dividend declared of $0.16 per share during the current quarter, the third increase since December 2012, totaling 23 percent.
Glacier Bancorp, Inc. stock price of $29.79 at December 31, 2013 increased 21 percent from the prior quarter and 103 percent from the prior year.
The loan portfolio increased $61.7 million, or 6 percent annualized, during the current quarter. Excluding the acquisitions, the loan portfolio increased $278 million, or 8 percent, during the current year.
Transaction deposit accounts of $3.1 billion increased $103 million, or 14 percent annualized, during the current quarter.
Current quarter net interest margin, on a tax-equivalent basis, of 3.88 percent, an increase of 32 basis points from the prior quarter net interest margin of 3.56 percent.
Interest income for the current quarter of $73.9 million, an increase of 6 percent from the prior quarter, and interest income for the current year of $264 million, an increase of 4 percent from the prior year.


Results Summary
 
Three Months ended
 
Year ended
(Dollars in thousands, except per share data)
December 31,
2013
 
September 30,
2013
 
December 31,
2012
 
December 31,
2013
 
December 31,
2012
Net income
$
26,546

 
25,628

 
20,758

 
95,644

 
75,516

Diluted earnings per share
$
0.36

 
0.35

 
0.29

 
1.31

 
1.05

Return on average assets (annualized)
1.33
%
 
1.27
%
 
1.06
%
 
1.23
%
 
1.01
%
Return on average equity (annualized)
10.96
%
 
10.85
%
 
9.17
%
 
10.22
%
 
8.54
%

1

The following information was filed by Glacier Bancorp Inc (GBCI) on Thursday, January 23, 2014 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Financial Condition
Consolidated Statements Of Financial Condition (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity (parenthetical)
Statements Of Comprehensive Income
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (details)
Accumulated Other Comprehensive Income (tables)
Alll Activity (details)
Amortized Cost And Fair Value Of Afs Investment Securities (details)
Borrowings
Borrowings (details Textual)
Borrowings (tables)
Carrying Amount And Fair Value Of Financial Instruments (details)
Cash On Hand And In Banks
Cash On Hand And In Banks (details Textual)
Changes In The Carrying Value Of Goodwill (details)
Consideration Transferred, Identifiable Net Assets Acquired And Goodwill Recognized (details)
Contingencies And Commitments
Contingencies And Commitments (details)
Contingencies And Commitments (tables)
Deferred Tax Assets And Deferred Tax Liabilities (details)
Deposits
Deposits (details Textual)
Deposits (tables)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (tables)
Derivatives And Hedging Activities Derivatives And Hedging Activities (details Textual)
Derivatives And Hedging Activities Offsetting Assets (details)
Derivatives And Hedging Activities Offsetting Liabilities (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Employee Benefit Plans
Employee Benefit Plans (details Textual)
Fair Value Measurements On A Non-recurring Basis (details)
Fair Value Measurements On A Recurring Basis (details)
Fair Value Of Assets And Liabilities
Fair Value Of Assets And Liabilities (tables)
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 (details Textual)
Federal And State Income Taxes (tables)
Gain Or Loss On Sale Of Investments (details)
Impaired Loans (details)
Interest Rate Swap Summary (details)
Investment Securities, Available-for-sale
Investment Securities, Available-for-sale (details Textual)
Investment Securities, Available-for-sale (tables)
Investments With An Unrealized Loss Position (details)
Loans Receivable Aging Analysis (details)
Loans Receivable, Net
Loans Receivable, Net (details Textual)
Loans Receivable, Net (tables)
Loans Receivable, Net Alll And Loans Receivable Summary (details)
Mergers And Acquisitions
Mergers And Acquisitions (details Textual)
Mergers And Acquisitions (tables)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (details Textual)
Nature Of Operations And Summary Of Significant Accounting Policies (policies)
Nature Of Operations And Summary Of Significant Accounting Policies (tables)
Net Carrying Value Of Core Deposit Intangibles (details)
Other Intangible Assets And Goodwill
Other Intangible Assets And Goodwill (tables)
Other Intangible Assets And Goodwill Net Carrying Value Of Goodwill (details)
Parent Holding Company Information (condensed)
Parent Holding Company Information (condensed) (tables)
Parent Holding Company Information Parent Statements Of Comprehensive Income (details)
Parent Statements Of Cash Flows (details)
Parent Statements Of Financial Condition (details)
Parent Statements Of Operations (details)
Premises And Equipment
Premises And Equipment (details Textual)
Premises And Equipment (tables)
Premises And Equipment Future Minimum Rental Commitments Under Operating And Capital Leases (details)
Premises And Equipment, Net Of Accumulated Depreciation (details)
Pro Forma Summary (details)
Regulatory Capital
Regulatory Capital (details Textual)
Regulatory Capital (details)
Regulatory Capital (tables)
Scheduled Maturities Of Time Deposits (details 1)
Securities Sold Under Agreements To Repurchase
Securities Sold Under Agreements To Repurchase (details)
Securities Sold Under Agreements To Repurchase (tables)
Stock-based Compensation Plans
Stock-based Compensation Plans (details Textual)
Stock-based Compensation Plans (tables)
Stock-based Compensation Plans Summary Of Restricted Stock Award Activity (details)
Subordinated Debentures
Subordinated Debentures (details Textual)
Subordinated Debentures (details)
Subordinated Debentures (tables)
Subsequent Event
Subsequent Event Subsequent Event (details)
Summary Of Deposits (details)
Summary Of Effective Tax Rate (details)
Summary Of Fhlb Advances (details)
Summary Of Fhlb Put Options (details)
Summary Of Income Tax Expense (details)
Summary Of Stock Option Activity (details)
Troubled Debt Restructurings (details)
Unaudited Quarterly Financial Data
Unaudited Quarterly Financial Data (details)
Unaudited Quarterly Financial Data (tables)
Vie Carrying Amounts Included In Financial Statements (details)
Years Subject To Examination (details)
Ticker: GBCI
CIK: 868671
Form Type: 10-K Annual Report
Accession Number: 0000868671-14-000004
Submitted to the SEC: Fri Feb 28 2014 12:39:34 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: State Commercial Banks

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