Glacier Bancorp Inc Stock Price, News & Analysis

On November 17, 2021, Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.32 per share, marking its 147th consecutive quarterly dividend and the 48th increase. The dividend will be payable on December 16, 2021, to shareholders on record as of December 7, 2021. This continued commitment to returning income to shareholders demonstrates GBCI's financial stability and confidence in future growth.

Glacier Bancorp (GBCI) reported a net income of $75.6 million for Q3 2021, down 3% year-over-year. The diluted earnings per share decreased to $0.79. Excluding PPP loans, the loan portfolio grew by $382 million or 14% annualized. Core deposits rose by 18%, totaling $17.477 billion. The company received $327 million in PPP loan forgiveness and declared a quarterly dividend of $0.32. Year-to-date net income increased 27% to $234 million. The acquisition of Altabancorp strengthened GBCI’s market position. Total assets reached $21.314 billion as of September 30, 2021.

Glacier Bancorp, Inc. (NASDAQ: GBCI) has successfully completed its acquisition of Altabancorp (NASDAQ: ALTA), the largest community bank in Utah, as of October 1, 2021. With this acquisition, Altabank will function under Glacier Bank, expanding its services across Utah and southern Idaho with 25 branches. As of June 30, 2021, Altabancorp reported total assets of $3.5 billion, loans of $1.9 billion, and deposits of $3.2 billion. This acquisition increases Glacier's total assets to $24 billion and total deposits to $19.9 billion, enhancing its market presence significantly.

Glacier Bancorp has successfully completed its acquisition of Altabancorp, heralding a new phase for both companies. Altabank, the largest community bank in Utah with total assets of $3.5 billion, joins Glacier, boosting its overall assets to $24 billion. This strategic merger aims to enhance market presence across Utah and Idaho. The acquisition closed ahead of schedule, signaling effective integration plans. As of June 30, 2021, the pro forma combined totals include loans reaching $13.1 billion and deposits of $19.9 billion.

Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.32 per share on September 30, 2021. This marks the 146th consecutive quarterly dividend declared by the company, with a total of 48 increases since inception. The dividend is payable on October 21, 2021, to shareholders on record by October 12, 2021. The consistent dividend payments reflect the company's strong financial performance and commitment to returning value to shareholders.

Glacier Bancorp, Inc. (GBCI) will release its third-quarter financial results on October 21, 2021, after market closure. An investor conference call is set for October 22, 2021, at 11:00 a.m. ET, accessible via telephone or webcast. Those who miss the live event can access the archived call on the company's website until October 29, 2021. Glacier Bancorp is the parent of numerous bank divisions across several states, including Glacier Bank and First Security Bank.

Glacier Bancorp, Inc. (NASDAQ: GBCI) announces the appointment of Michael B. Hormaechea as a Director, effective September 1, 2021. Hormaechea, with over 25 years in real estate development, will also serve on various committees including Audit and Risk Oversight. He brings extensive experience in corporate management, strategic planning, and finance. As the manager of Hormaechea Development LLC and a director at Mountain West Bank, his leadership is expected to enhance the company's governance and strategic direction.

Glacier Bancorp (GBCI) reported a net income of $77.6 million for Q2 2021, reflecting a 22% increase from $63.4 million in Q2 2020. Diluted earnings per share rose to $0.81, up 23% from $0.66. Total assets surpassed $20 billion, ending at $20.488 billion as of June 30, 2021. Core deposits surged by $669 million, and loan portfolio growth (excluding PPP loans) saw an increase of $249 million, or 10% annualized. A quarterly dividend of $0.32 was declared, marking the 145th consecutive dividend. The company also announced plans to acquire Altabancorp.

Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.32 per share, marking an increase of $0.01 during a meeting on June 30, 2021. This increase reflects the company's strong dividend history, with 145 consecutive dividends paid and 48 increases since inception. The dividend is payable on July 22, 2021, to shareholders on record as of July 13, 2021.