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Glacier Bancorp Inc (GBCI) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI


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NEWS RELEASE
January 24, 2019

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, 2018

4th Quarter 2018 Highlights:
Net income of $49.6 million for the current quarter, an increase of $14.9 million, or 43 percent, over the prior year fourth quarter net income of $34.7 million, excluding the impact of the revaluation of the net deferred tax asset in prior year. In prior year fourth quarter, the Company 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 adjustments.
Pre-tax income of $61.2 million for the current quarter, an increase of $14.9 million, or 32 percent, over the prior year fourth quarter pre-tax income of $46.3 million.
Current quarter diluted earnings per share of $0.59, an increase of 2 percent from the prior quarter, and an increase of 34 percent from the prior year fourth quarter diluted earnings per share of $0.44, excluding the revaluation of the net deferred tax asset.
Current quarter loan growth of $164 million, or 8 percent annualized.
Net interest margin of 4.30 percent as a percentage of earning assets, on a tax equivalent basis, a 4 basis points increase over the prior quarter, and a 7 basis points increase over the prior year fourth quarter net interest margin of 4.23 percent.
Declared a special dividend of $0.30 per share. This was the 15th special dividend the Company has declared.
Declared and paid a regular quarterly dividend of $0.26 per share. The dividend was the 135th consecutive quarterly dividend declared by the Company.
On January 16, 2019, the Company announced the signing of a definitive agreement to acquire FNB Bancorp, the bank holding company for The First National Bank of Layton, a community bank based in Layton, Utah, with total assets of $326 million.


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The following information was filed by Glacier Bancorp Inc (GBCI) on Friday, January 25, 2019 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

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 Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive 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)
Debt Securities
Debt Securities (Details Textual)
Debt Securities (Tables)
Debt Securities Maturity Schedule (Details)
Debt Securities With An Unrealized Loss Position (Details)
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 Debt Securities (Details)
Impaired Loans (Details)
Interest Rate Swap Summary (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 Event
Subsequent Event (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: 0000868671-19-000022
Submitted to the SEC: Fri Feb 22 2019 11:35:22 AM EST
Accepted by the SEC: Fri Feb 22 2019
Period: Monday, December 31, 2018
Industry: State Commercial Banks

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