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Jun 30, 2021

Glacier Q2 2021 Earnings Report

Glacier Bancorp reported net income increase of 22% and EPS increase of 23% compared to the prior year second quarter.

Key Takeaways

Glacier Bancorp, Inc. reported a strong second quarter with net income of $77.6 million, a 22% increase year-over-year, and diluted earnings per share of $0.81, a 23% increase year-over-year. The company saw solid loan and deposit growth with an improving economic outlook.

Net income of $77.6 million, up 22% year-over-year.

Diluted earnings per share of $0.81, up 23% year-over-year.

Total assets reached $20.488 billion.

Core deposits increased $669 million, or 17% annualized.

Total Revenue
$155M
Previous year: $148M
+4.9%
EPS
$0.81
Previous year: $0.66
+22.7%
Efficiency Ratio
49.92%
Previous year: 49.29%
+1.3%
Loan to Deposit Ratio
67.64%
Previous year: 86.45%
-21.8%
Gross Profit
$197M
Previous year: $171M
+14.7%
Cash and Equivalents
$921M
Previous year: $548M
+68.2%
Total Assets
$20.5B
Previous year: $16.9B
+21.2%

Glacier

Glacier

Forward Guidance

The company did not provide specific forward guidance in the earnings report.