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Mar 31, 2022
Glacier Q1 2022 Earnings Report
Reported results for the quarter ended March 31, 2022.
Key Takeaways
Glacier Bancorp reported a net income of $67.8 million for the current quarter, a decrease of $13.0 million, or 16 percent, from the $80.8 million of net income for the prior year first quarter. The loan portfolio, excluding the Payroll Protection Program (“PPP”) loans, organically grew $407 million, or 12 percent annualized, in the current quarter.
Loan portfolio, excluding PPP loans, grew by $407 million, or 12% annualized.
Net income was $67.8 million, a 34% increase from the prior quarter.
Non-interest expense decreased by 3% over the prior quarter.
Net interest income, on a tax-equivalent basis, was $190 million.
Forward Guidance
While accelerating inflation and higher interest rates may create some economic headwinds, we remain optimistic about the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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