Glacier Bancorp, Inc. reports recurring developments for a regional bank holding company built around Glacier Bank and its bank divisions. The company provides commercial and community banking services for individuals, small and medium-sized businesses, community organizations, and public entities across markets in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, Nevada, and Texas.
Company news commonly covers quarterly and annual earnings, net interest income, net interest margin, loan and deposit trends, credit and efficiency measures, and dividend declarations. Updates also include completed bank acquisitions and system conversions, expansion of bank divisions such as Guaranty Bank & Trust and Bank of Idaho, investor conference call schedules, and leadership changes within the finance organization.
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.
Glacier Bancorp (GBCI) will announce its first quarter financial results on April 22, 2021, after the market closes. The company has scheduled a conference call for investors on April 23, 2021, at 11:00 a.m. ET. Participants can join the call via telephone by dialing 877-561-2748 or through a webcast at this link. For those unable to attend live, the call will be archived on their website until April 30, 2021.
Glacier Bancorp, Inc. (NASDAQ: GBCI) declared a quarterly dividend of $0.31 per share at its March 31, 2021 meeting, marking a $0.01 increase. This decision reflects the company's strength, having declared 144 consecutive dividends and increased the dividend 47 times. The dividend is payable on April 22, 2021, to shareholders on record as of April 13, 2021.
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.