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Glacier Bancorp, Inc. (GBCI) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI

gbcilogostatesmay20191.jpg
NEWS RELEASE
January 23, 2020

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 ENDED DECEMBER 31, 2019

4th Quarter 2019 Highlights:
Net income of $57.4 million for the current quarter, an increase of $7.8 million, or 16 percent, over the prior year fourth quarter net income of $49.6 million.
Current quarter diluted earnings per share of $0.62, an increase of 5 percent from the prior year fourth quarter diluted earnings per share of $0.59.
Net interest margin of 4.45 percent increased 3 basis points compared to 4.42 percent in the prior quarter and increased 15 basis points over the prior year fourth quarter net interest margin of 4.30 percent.
Interest bearing deposits increased $65 million, or 4 percent annualized, during the current quarter.
Non-performing assets of $37.4 million, decreased $17.7 million, or 32 percent, from the prior quarter non-performing assets of $55.1 million.
Declared a special dividend of $0.20 per share. This was the 16th special dividend the Company has declared.
Declared and paid a regular dividend of $0.29 per share. The Company has declared 139 consecutive quarterly dividends and has increased the dividend 45 times.

Year 2019 Highlights:
Net income of $211 million for 2019, an increase of $28.7 million, or 16 percent, over the prior year net income of $182 million.
Diluted earnings per share of $2.38, an increase of 10 percent from the prior year diluted earnings per share of $2.17.
Net interest margin of 4.39 percent for 2019, an increase of 18 basis points from the net interest margin of 4.21 percent in 2018.
Core deposits organically grew $401 million, or 4 percent, during 2019, including non-interest bearing deposit growth of $305 million, or 10 percent.
Organic loan growth was $364 million, or 4 percent for 2019.
1

The following information was filed by Glacier Bancorp Inc (GBCI) on Thursday, January 23, 2020 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 Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
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)
Components Of Lease Expense (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)
Future Unfunded Contingent Commitments (Details)
Gain Or Loss On Sale Of Debt Securities (Details)
Impaired Loans (Details)
Lease 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)
Maturities Of Lease Liabilities (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 (Tables)
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)
Subordinated Debentures
Subordinated Debentures (Details Textual)
Subordinated Debentures (Details)
Subordinated Debentures (Tables)
Summary Of Effective Tax Rate (Details)
Summary Of Income Tax Expense (Details)
Summary Of Restricted Stock Unit Activity (Details)
Summary Of Stock Option Activity (Details)
Supplemental Cash Flow Information (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: 0000868671-20-000032
Submitted to the SEC: Fri Feb 21 2020 4:34:07 PM EST
Accepted by the SEC: Fri Feb 21 2020
Period: Tuesday, December 31, 2019
Industry: State Commercial Banks

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