Glacier Q2 2024 Earnings Report

Glacier Bancorp, Inc. reported net income for the quarter and period ended June 30, 2024.

Key Takeaways

Glacier Bancorp reported a strong second quarter with an expanding margin and continued favorable performance trends. Net income was $44.7 million, an increase of $12.1 million from the prior quarter. The loan portfolio increased $119 million during the quarter. The net interest margin increased by 9 basis points from the prior quarter.

Net income was $44.7 million for the current quarter, an increase of $12.1 million, or 37 percent, from the prior quarter.

Net interest margin for the current quarter was 2.68 percent, an increase of 9 basis points from the prior quarter.

Loan portfolio increased $119 million, or 3 percent annualized, during the current quarter.

Non-interest expense decreased $10.9 million, or 7 percent, over the prior quarter.