Glacier Bancorp Inc Stock Price, News & Analysis

Glacier Bancorp (NASDAQ:GBCI) reported a record net income of $81.9 million for Q4 2020, a 43% increase from $57.4 million in Q4 2019. Diluted EPS rose to $0.86 from $0.62, reflecting a 39% growth. The company saw a 159% increase in gains from loan sales totaling $26.2 million. The non-performing assets ratio improved to 0.19%. For the year, net income reached $266 million, up 27%, with diluted EPS at $2.81. Core deposits increased by 32% in 2020 and a quarterly dividend of $0.30 was declared, continuing a history of 143 consecutive dividends.

Glacier Bancorp (GBCI) will release its fourth quarter financial results on January 28, 2021, after market close. Investors can join a conference call on January 29, 2021, at 11:00 a.m. ET by calling 877-561-2748 with conference ID 6941139, or via webcast at this link. An archived version of the call will be available on the company's website or by calling 855-859-2056 until February 12, 2021. Glacier Bancorp operates multiple bank divisions across the western United States.

Glacier Bancorp, Inc. (GBCI) declared a special dividend of $0.15 per share on December 29, 2020. This marks the company's 143rd consecutive quarterly dividend and the 46th increase in dividends. The dividend will be payable on January 19, 2021, to shareholders on record as of January 8, 2021. This consistent performance underscores the company's commitment to returning value to its shareholders.

On November 18, 2020, Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.30 per share, marking the 143rd consecutive quarterly dividend and a total of 46 increases. The dividend will be payable on December 17, 2020, to shareholders on record as of December 8, 2020.

This consistent dividend policy reflects the company's confidence in its financial stability and commitment to shareholders.

Glacier Bancorp reported a net income of $77.8 million for Q3 2020, a 51% increase from the prior year's $51.6 million. Diluted earnings per share rose to $0.81, up 42% from $0.57. The company saw a 1% organic increase in loan portfolio, totaling $11.619 billion, alongside a 7% increase in core deposits, amounting to $12.8 billion. The net charge-offs lowered to $826 thousand, while non-performing assets decreased to 0.25% of subsidiary assets. The quarterly dividend was declared at $0.30 per share, marking the 142nd consecutive payout.

Glacier Bancorp, Inc. (NASDAQ: GBCI) has appointed Robert A. Cashell, Jr. and Kristen Heck as Directors effective January 1, 2021. Both will serve on various vital committees including Audit and Risk Oversight. Heck brings over 28 years of experience in staffing and business growth, while Cashell has 40 years in hospitality and gaming industries. Their appointments aim to enhance Glacier Bancorp's governance and oversight capabilities, strengthening its operational framework as the company continues to grow across various bank divisions.

Glacier Bancorp, Inc. (Nasdaq GS: GBCI) will report its third-quarter financial results post-market on October 22, 2020. A conference call for investors is scheduled for October 23, 2020, at 11:00 a.m. ET. Participants can join the call via phone or webcast. The company operates multiple bank divisions across the western U.S. Looking ahead, management anticipates growth in loans and deposits, contingent on economic conditions. However, various risks, including adverse economic trends and regulatory changes, may impact future performance.

On September 30, 2020, Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.30 per share, marking a 3.4% increase from the previous dividend. This payment is scheduled for October 22, 2020, to shareholders on record by October 13, 2020. This announcement highlights the company's strong commitment to returning value to its investors, maintaining a track record of 142 consecutive quarterly dividends and 46 increases overall.

Glacier Bancorp (GBCI) reported a 21% increase in net income for Q2 2020, reaching $63.4 million, with diluted earnings per share (EPS) rising to $0.66. The company funded 15,291 PPP loans totaling $1.427 billion, resulting in significant loan and deposit growth. Core deposits increased by 16%, while total assets climbed to $16.9 billion. Despite the pandemic, the company transitioned to the S&P MidCap 400 index and declared a quarterly dividend of $0.29 per share. However, EPS for the first half of the year dropped 5% compared to 2019.