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Glacier Bancorp Inc (GBCI) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI


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NEWS RELEASE
January 25, 2018

FOR IMMEDIATE RELEASE
CONTACT: Randall M. Chesler, CEO
 
(406) 751-4722
 
Ron J. Copher, CFO
 
(406) 751-7706

GLACIER BANCORP, INC. ANNOUNCES
RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2017

4th Quarter 2017 Highlights:
Recognized a one-time tax expense of $19.7 million from the revaluation of the net deferred tax asset as a result of the Tax Cuts and Jobs Act (“Tax Act”). The Company believes that the financial results are more comparable excluding the impact of the revaluation of the net deferred tax asset, so we have included a Non-GAAP Financial Measures section within the earnings release that shows certain key business measures without the impact of the one-time tax adjustment.
Net income of $34.7 million for the current quarter, an increase of $3.7 million over the prior year fourth quarter net income of $31.0 million, excluding the impact of the Tax Act. Including the impact from the Tax Act, net income was $15.0 million.
Current quarter diluted earnings per share of $0.44, an increase of 7 percent from the prior year fourth quarter diluted earnings per share of $0.41, excluding the impact of the Tax Act. Including the impact from the Tax Act, diluted earnings per share was $0.19.
Net interest margin of 4.23 percent as a percentage of earning assets, on a tax equivalent basis, a 21 basis point increase over the 4.02 percent net interest margin in the fourth quarter of the prior year.
Declared and paid a regular quarterly dividend of $0.21 per share. The dividend was the 131st consecutive quarterly dividend.
The Company announced the signing of a definitive agreement to acquire Inter-Mountain Bancorp, Inc., the holding company for First Security Bank, a community bank in Bozeman, Montana, with total assets of $1.028 billion as of December 31, 2017.
Total assets of $9.7 billion at year end enabled the Company to delay the impact of the Durbin Amendment for one additional year.


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The following information was filed by Glacier Bancorp Inc (GBCI) on Thursday, January 25, 2018 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 (details)
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss) (tables)
Alll Activity (details)
Amortized Cost, Gross Unrealized Gains And Losses And Fair Value Of Investment Securities (details)
Borrowings
Borrowings (details Textual)
Borrowings (tables)
Borrowings Summary Of Repurchase Agreements (details)
Carrying Amount And Fair Value Of Financial Instruments (details)
Changes In The Carrying Value Of Goodwill (details)
Condensed Statements Of Cash Flows (details)
Condensed Statements Of Financial Condition (details)
Condensed Statements Of Operations And Comprehensive Income (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 Interest Rate Swap Gains Or Losses (details)
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 (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
Investment Securities (details Textual)
Investment Securities (tables)
Investment Securities Investment Securities Maturity Schedule (details)
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)
Loans Receivable, Net Summary Of Loans Receivable (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)
Net Carrying Value Of Core Deposit Intangibles (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 Other Intangible Assets And Goodwill (details Textual)
Parent Holding Company Information (condensed)
Parent Holding Company Information (condensed) (tables)
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 Fhlb Advances (details)
Scheduled Maturities Of Time Deposits (details)
Stock-based Compensation Plan
Stock-based Compensation Plan (details Textual)
Stock-based Compensation Plan (tables)
Stock-based Compensation Plan Summary Of Restricted Stock Award Activity (details)
Subordinated Debentures
Subordinated Debentures (details Textual)
Subordinated Debentures (details)
Subordinated Debentures (tables)
Subsequent Events
Subsequent Events (details Textual)
Summary Of Effective Tax Rate (details)
Summary Of Income Tax Expense (details)
Troubled Debt Restructurings (details)
Unaudited Quarterly Financial Data (condensed)
Unaudited Quarterly Financial Data (condensed) (details)
Unaudited Quarterly Financial Data (condensed) (tables)
Variable Interest Entities
Variable Interest Entities (details Textual)
Variable Interest Entities (tables)
Variable Interest Entities Amortization Expense And Tax Credits And Other Tax Benefits (details)
Variable Interest Entities 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: 0000868671-18-000020
Submitted to the SEC: Thu Feb 22 2018 4:33:51 PM EST
Accepted by the SEC: Thu Feb 22 2018
Period: Sunday, December 31, 2017
Industry: State Commercial Banks

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