Glacier Bancorp Inc Stock Price, News & Analysis

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.

Glacier Bancorp, Inc. (GBCI) will announce its second quarter financial results after market close on July 22, 2021. A conference call for investors is set for July 23, 2021, at 11:00 a.m. ET, accessible via telephone (877-561-2748, ID: 7591544) or through a webcast. If you cannot join live, the call will be archived on their website and through a designated hotline until July 30, 2021. Glacier Bancorp operates multiple bank divisions across several states, providing a wide range of banking services.

Glacier Bancorp (GBCI) has signed an agreement to acquire Altabancorp (ALTA) for approximately $933.5 million, marking Glacier's 24th acquisition since 2000. This strategic move is aimed at expanding Glacier's operations in Utah, where Altabank serves as a significant community bank with 25 branches and total assets of $3.5 billion. The transaction, which requires regulatory and shareholder approvals, is expected to be accretive to Glacier's tangible book value and earnings per share upon completion in Q4 2021.

Glacier Bancorp reported net income of $80.8 million for Q1 2021, an 86% increase from $43.3 million in Q1 2020. Diluted EPS rose by 85% to $0.85. Non-interest expenses decreased by 13% quarter-over-quarter. Core deposits surged by $1.307 billion (35% annualized) and loans increased $147 million (5% annualized). The bank declared a dividend of $0.31, marking its 144th consecutive distribution. Non-performing assets remained stable at 0.19% of assets. The company continues to focus on growth through superior service in strong markets.