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Glacier Bancorp, Inc. (GBCI) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

SEC Filings

GBCI Quarterly Reports

Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI

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NEWS RELEASE
July 21, 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 PERIOD ENDED JUNE 30, 2022

2nd Quarter 2022 Highlights:
Net income was $76.4 million for the current quarter, an increase of $8.6 million, or 13 percent, from the prior quarter net income of $67.8 million.
The loan portfolio, excluding the Payroll Protection Program (“PPP”) loans, grew $714 million, or 21 percent annualized, in the current quarter.
Net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.23 percent compared to 3.20 percent in the prior quarter. The core net interest margin for the current quarter of 3.16 percent, increased 9 basis points from 3.07 percent in the prior quarter.
Net interest income, on a tax-equivalent basis, was $199 million in the current quarter which increased $8.6 million, or 5 percent, over the prior quarter net interest income of $190 million.
Core deposits increased $85.5 million, or 2 percent annualized, during the current quarter.
Non-interest bearing deposits increased $71.3 million, or 4 percent, annualized during the current quarter.
The Company declared a quarterly dividend of $0.33 per share. The Company has declared 149 consecutive quarterly dividends and has increased the dividend 49 times.

First Half 2022 Highlights:
The loan portfolio, excluding the PPP loans, organically grew $1.121 billion, or 17 percent annualized, in the first half of 2022.
Net interest income, on a tax-equivalent basis, was $389 million in the first half of 2022. Excluding the PPP loans, net interest income was $384 million which increased $86.8 million, or 29 percent, over the prior year first half net interest income of $298 million.
Core deposits increased $468 million, or 4 percent annualized, during the first six months of 2022.
Dividends declared in the first half of 2022 of $0.66 per share, an increase of $0.03 per share, or 5 percent, over the prior year dividends of $0.63.

1

The following information was filed by Glacier Bancorp Inc (GBCI) on Thursday, July 21, 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Changes In Stockholders' Equity
Unaudited Condensed Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Unaudited Condensed Consolidated Statements Of Comprehensive (Loss) Income
Unaudited Condensed Consolidated Statements Of Financial Condition
Unaudited Condensed Consolidated Statements Of Financial Condition (Parenthetical)
Unaudited Condensed Consolidated Statements Of Operations
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (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 Indictors For Htm Debt Securities (Details)
Debt Securities - Debt Securities In An Unrealized Loss Position (Details)
Debt Securities - Maturity Schedule (Details)
Debt Securities - Narrative (Details)
Debt Securities - Proceeds From Sales And Calls Of Debt Securities And Associates Gains Or Losses (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Details)
Derivatives And Hedging Activities (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Of Assets And Liabilities
Fair Value Of Assets And Liabilities (Tables)
Fair Value Of Assets And Liabilities - Carrying Amount And Estimated Fair Value Of Financial Instruments Not Carried At Fair Value (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)
Goodwill
Goodwill (Details)
Goodwill (Tables)
Leases
Leases (Tables)
Leases - Components Of Lease Expense (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Summary (Details)
Leases - Supplemental Cash Flow Information (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 - Credit Quality Indicators For Rre And Consumer Loans (Details)
Loans Receivable, Net - Narrative (Details)
Loans Receivable, Net - Summary Of Loans Receivable (Details)
Loans Receivable, Net - Troubled Debt Restructurings (Details)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Policies)
Nature Of Operations And Summary Of Significant Accounting Policies (Tables)
Other Expenses
Other Expenses (Details)
Other Expenses (Tables)
Securities Sold Under Agreements To Repurchase
Securities Sold Under Agreements To Repurchase (Tables)
Securities Sold Under Agreements To Repurchase - Carrying Value Of Repurchase Agreements (Details)
Securities Sold Under Agreements To Repurchase - Narrative (Details)
Variable Interest Entities
Variable Interest Entities (Tables)
Variable Interest Entities - Amortization Expense And Tax Credits And Other Tax Benefits (Details)
Variable Interest Entities - Future Unfunded Contingent Commitments (Details)
Variable Interest Entities - Narrative (Details)
Variable Interest Entities - Vie Carrying Amounts Included In Financial Statements (Details)
Ticker: GBCI
CIK: 868671
Form Type: 10-Q Quarterly Report
Accession Number: 0000868671-22-000077
Submitted to the SEC: Tue Aug 02 2022 4:41:13 PM EST
Accepted by the SEC: Tue Aug 02 2022
Period: Thursday, June 30, 2022
Industry: State Commercial Banks

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