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Glacier Bancorp Inc - GBCI STOCK NEWS

Welcome to our dedicated page for Glacier Bancorp news (Ticker: GBCI), a resource for investors and traders seeking the latest updates and insights on Glacier Bancorp stock.

Glacier Bancorp, Inc. (GBCI) is a regional bank holding company headquartered in Kalispell, Montana. The company provides comprehensive commercial banking services across six states: Montana, Idaho, Utah, Washington, Wyoming, and Colorado. Through its primary subsidiary, Glacier Bank, and multiple bank divisions, it serves over 80 communities, offering an extensive range of financial products and services.

Glacier Bancorp's core offerings include deposit accounts, loans, and mortgage origination services. The company primarily caters to individuals, small- to medium-sized businesses, community organizations, and public entities. Its loan portfolio is heavily weighted towards commercial real estate, while net interest income constitutes the bulk of its revenue.

The bank operates through various divisions, including:

  • Glacier Bank (Kalispell)
  • First Security Bank of Missoula
  • Valley Bank of Helena
  • Big Sky Western Bank (Bozeman)
  • Western Security Bank (Billings)
  • First Bank of Montana (Lewistown)
  • Mountain West Bank (Coeur d'Alene, serving Idaho, Utah, and Washington)
  • Citizens Community Bank (Pocatello, Idaho)
  • 1st Bank (Evanston, serving Wyoming and Utah)
  • First Bank of Wyoming (Powell)
  • First State Bank (Wheatland, Wyoming)
  • North Cascades Bank (Chelan, Washington)
  • Bank of the San Juans (Durango, Colorado)

Glacier Bancorp emphasizes growth through strategic acquisitions and organic expansion. Recent financial results indicate a cautious yet optimistic approach towards credit loss provisions, reflecting prudent financial management in uncertain economic climates. The company's net charge-offs and provisions for credit losses have been managed effectively to ensure financial stability.

For the latest news and updates, investors can follow key events such as financial summaries, credit quality trends, and quarterly earnings calls. Glacier Bancorp remains committed to serving its communities through steady and reliable banking services.

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Glacier Bancorp (NYSE: GBCI) reported Q3 2024 net income of $51.1 million, up 14% from Q2's $44.7 million but down 3% year-over-year. Diluted EPS was $0.45, increasing 15% from Q2's $0.39. The company completed two significant acquisitions: six Montana branch locations of Rocky Mountain Bank with $403 million in assets and Wheatland Bank with $778 million in assets. Key metrics include net interest margin of 2.83%, loan portfolio growth of $329 million (2%), and core deposits increase of $613 million (3%). The company declared its 158th consecutive quarterly dividend of $0.33 per share.

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Glacier Bancorp (NYSE: GBCI) has announced its schedule for releasing third quarter financial results and hosting a conference call. The company will report its Q3 financial results after market close on October 24, 2024. A conference call for investors is set for 11:00 a.m. Eastern Time on Friday, October 25, 2024.

Investors wishing to join the call must register via a provided link to obtain dial-in instructions. A webcast option is also available. For those unable to participate live, the call will be archived on Glacier Bancorp's website. The company is the parent of Glacier Bank and its various bank divisions across multiple states.

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Glacier Bancorp (NYSE: GBCI) has declared a quarterly dividend of $0.33 per share, as announced by its Board of Directors on September 24, 2024. This marks the company's 158th consecutive quarterly dividend, with 49 dividend increases to date. The dividend will be payable on October 17, 2024, to shareholders of record as of October 8, 2024.

Glacier Bancorp is the parent company of Glacier Bank and its various bank divisions operating across multiple states, including Utah, Colorado, Idaho, Montana, Wyoming, Nevada, Arizona, and Washington. These divisions serve diverse communities with localized banking services.

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Glacier Bancorp (NYSE: GBCI) has successfully completed the acquisition of six Montana branch locations from HTLF Bank, a subsidiary of Heartland Financial USA (NASDAQ: HTLF). The transaction, finalized on July 19, 2024, includes the transfer of deposits, loans, owned real estate, and other assets associated with these branches. The acquired branches are located in Billings, Bozeman, Plentywood, Stevensville, and Whitehall.

These branches have been integrated into Glacier Bank's existing Montana divisions, including First Bank of Montana, First Security Bank of Bozeman, First Security Bank of Missoula, Valley Bank, and Western Security Bank. This strategic move is expected to strengthen Glacier Bancorp's presence in Montana and expand its customer base in key markets across the state.

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Glacier Bancorp (NYSE: GBCI) reported a net income of $44.7 million for Q2 2024, a 37% increase from the prior quarter but a 19% decline from the prior year. Diluted EPS was $0.39, up 34% QoQ but down 22% YoY. Net interest margin improved to 2.68%. The loan portfolio grew 3% annualized, while non-performing assets dropped 29% QoQ. Non-interest expense decreased 7% QoQ, though up 8% YoY, primarily due to Wheatland acquisition costs. For H1 2024, net income was $77.3 million, down 33% YoY, largely due to higher funding costs and credit loss provisions. Dividends remained steady at $0.33 per share. The company completed the acquisition of Wheatland Bank, adding $778 million in assets.

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Glacier Bancorp will release its Q2 financial results after market close on July 18, 2024. A subsequent investor conference call is scheduled for 11:00 a.m. ET on July 19, 2024. The call will no longer have a general dial-in number; investors must register online to receive dial-in instructions. The webcast will also be available on the company’s website. Glacier Bancorp, which operates through multiple bank divisions across several states, will archive the call on its website for later access.

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Glacier Bancorp (NYSE: GBCI) has declared a quarterly dividend of $0.33 per share, announced on June 25, 2024. This marks the company's 157th consecutive quarterly dividend, with a history of increasing dividends 49 times. Shareholders on record as of July 09, 2024, will receive the dividend on July 18, 2024.

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Glacier Bancorp, Inc. reported a net income of $32.6 million for the first quarter of 2024, showing a decrease from the prior quarter and prior year first quarter. The company's interest income and loan portfolio increased, while non-interest expense rose significantly. The acquisition of Wheatland Bank impacted the financial results.
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Glacier Bancorp, Inc. has received regulatory approval for the acquisition of six Montana branches from HTLF Bank. The transaction is expected to be completed in July 2024 and is projected to be accretive to Glacier's earnings per share in 2024 and 2025. The branches had approximately $463 million in local deposits and $296 million in loans as of March 31, 2024.
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Glacier Bancorp, Inc. (NYSE: GBCI) will announce its first quarter financial results on April 18, 2024, with an investor conference call scheduled for April 19, 2024. Investors can register for the call through a provided link or join via webcast. The company operates various bank divisions across different states.
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FAQ

What is the current stock price of Glacier Bancorp (GBCI)?

The current stock price of Glacier Bancorp (GBCI) is $50.93 as of November 4, 2024.

What is the market cap of Glacier Bancorp (GBCI)?

The market cap of Glacier Bancorp (GBCI) is approximately 5.8B.

What is Glacier Bancorp, Inc.?

Glacier Bancorp, Inc. is a regional bank holding company providing commercial banking services in six states through its subsidiary, Glacier Bank.

Where is Glacier Bancorp, Inc. headquartered?

Glacier Bancorp, Inc. is headquartered in Kalispell, Montana.

What types of services does Glacier Bancorp offer?

Glacier Bancorp offers deposit accounts, loans, mortgage origination services, and more, primarily serving individuals, small- to medium-sized businesses, and community organizations.

In which states does Glacier Bancorp operate?

Glacier Bancorp operates in Montana, Idaho, Utah, Washington, Wyoming, and Colorado.

What is the primary focus of Glacier Bancorp's loan portfolio?

The majority of Glacier Bancorp's loan portfolio is focused on commercial real estate.

What is Glacier Bancorp’s strategy for growth?

Glacier Bancorp emphasizes both internal growth and strategic acquisitions to expand its market presence.

How does Glacier Bancorp manage financial stability?

Glacier Bancorp manages financial stability by effectively handling net charge-offs and provisions for credit losses, reflecting prudent financial management.

What are some of Glacier Bancorp's divisions?

Some of Glacier Bancorp's divisions include First Security Bank of Missoula, Valley Bank of Helena, Big Sky Western Bank, and Mountain West Bank.

How can I stay updated with Glacier Bancorp's latest news?

Investors can stay updated with Glacier Bancorp's latest news through financial summaries, credit quality trends, and quarterly earnings calls.

Who are the key executives of Glacier Bancorp?

Key executives of Glacier Bancorp include Randall M. Chesler, CEO, and Ron J. Copher, CFO.

Glacier Bancorp Inc

NYSE:GBCI

GBCI Rankings

GBCI Stock Data

5.78B
113.40M
0.48%
83.51%
4.43%
Banks - Regional
State Commercial Banks
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United States of America
KALISPELL