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Mar 31, 2021

Glacier Q1 2021 Earnings Report

Reported net income of $80.8 million and diluted earnings per share of $0.85.

Key Takeaways

Glacier Bancorp, Inc. reported a strong start to 2021 with net income of $80.8 million, an increase of 86% compared to the prior year's first quarter. Diluted earnings per share also increased by 85% to $0.85.

Net income increased by 86% year-over-year to $80.8 million.

Diluted earnings per share rose by 85% year-over-year to $0.85.

Gain on sale of loans increased by 82% year-over-year to $21.6 million.

Core deposits increased by 35% annualized during the quarter and 40% year-over-year.

Total Revenue
$157M
Previous year: $134M
+16.7%
EPS
$0.85
Previous year: $0.46
+84.8%
Efficiency Ratio
46.75%
Previous year: 52.55%
-11.0%
Loan to Deposit Ratio
70.72%
Previous year: 88.1%
-19.7%
Gross Profit
$196M
Previous year: $148M
+32.6%
Cash and Equivalents
$878M
Previous year: $273M
+221.3%
Total Assets
$19.8B
Previous year: $15.2B
+30.4%

Glacier

Glacier