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Jun 30, 2022
Glacier Q2 2022 Earnings Report
Reported net income of $76.4 million, an increase of $8.6 million from the prior quarter and a decrease of $1.2 million from the prior year second quarter.
Key Takeaways
Glacier Bancorp reported a net income of $76.4 million for the second quarter of 2022. The loan portfolio, excluding PPP loans, grew by $714 million, and net interest margin increased to 3.23 percent. Core deposits also saw an increase of $85.5 million.
Net income increased to $76.4 million, up 13% from the previous quarter.
Loan portfolio (excluding PPP) grew by $714 million, or 21% annualized.
Net interest margin rose to 3.23%, with core net interest margin increasing by 9 basis points to 3.16%.
Core deposits increased by $85.5 million, or 2% annualized.
Forward Guidance
Glacier Bancorp remains prepared to manage through economic headwinds and is confident in the long term resiliency of its markets and core business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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