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

SEC Filings

GBCI Quarterly Reports

Glacier Bancorp Inc

CIK: 868671 Ticker: GBCI

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NEWS RELEASE
October 20, 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 SEPTEMBER 30, 2022

3rd Quarter 2022 Highlights:
Net income was $79.3 million for the current quarter, an increase of $2.9 million, or 5 percent, from the prior quarter net income of $76.4 million. Net income for the current quarter increased $3.7 million, or 5 percent, over the prior year third quarter net income of $75.6 million as a result of organic and acquisition growth.
The loan portfolio, excluding the Paycheck Protection Program (“PPP”) loans, grew $457 million, or 13 percent annualized, in the current quarter.
Core deposits increased $96.0 million, or 2 percent annualized, during the current quarter.
Non-interest bearing deposits increased $233 million, or 12 percent annualized, during the current quarter.
Net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.34 percent compared to 3.23 percent in the prior quarter. The core net interest margin for the current quarter was 3.29 percent, an increase of 13 basis points from 3.16 percent in the prior quarter.
The loan yield for the current quarter of 4.67 percent, increased 15 basis points, compared to 4.52 percent in the prior quarter.
Net interest income, on a tax-equivalent basis, was $211 million in the current quarter which increased $12.0 million, or 6 percent, over the prior quarter net interest income of $199 million.
Non-performing assets as a percentage of subsidiary assets was 0.13 percent in the current quarter compared to 0.16 percent in the prior quarter.
The Company declared a quarterly dividend of $0.33 per share. The Company has declared 150 consecutive quarterly dividends and has increased the dividend 49 times.

Year-to-date 2022 Highlights:
Net income of $224 million for the first nine months of 2022 decreased $10.5 million, or 5 percent, compared to the prior year first nine months net income. The current year included a decrease of $38.3 million in PPP related income, a $33.8 million decrease in gain on the sale of residential loans, and an increase of $18.7 million in provision for credit loss expense.
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The following information was filed by Glacier Bancorp Inc (GBCI) on Thursday, October 20, 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 (Loss) Income
Accumulated Other Comprehensive (Loss) Income (Details)
Accumulated Other Comprehensive (Loss) Income (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)

Material Contracts, Statements, Certifications & more

Glacier Bancorp Inc provided additional information to their SEC Filing as exhibits

Ticker: GBCI
CIK: 868671
Form Type: 10-Q Quarterly Report
Accession Number: 0000868671-22-000091
Submitted to the SEC: Mon Oct 31 2022 4:37:20 PM EST
Accepted by the SEC: Mon Oct 31 2022
Period: Friday, September 30, 2022
Industry: State Commercial Banks

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