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Sep 30, 2021
Glacier Q3 2021 Earnings Report
Glacier Bancorp's financial performance decreased slightly due to a reduction in the gain on sale of residential mortgage loans, but core loan and net interest income growth remained strong.
Key Takeaways
Glacier Bancorp reported a net income of $75.6 million for the quarter ended September 30, 2021, a slight decrease from the previous year. The company completed the acquisition of Altabancorp on October 1, 2021, expanding its presence in Utah.
Loan portfolio, excluding PPP loans, increased by $382 million, or 14% annualized.
Core deposits increased by $742 million, or 18% annualized.
Net interest income, excluding PPP loans, increased by $4.6 million, or 3%, over the prior quarter.
Completed the acquisition of Altabancorp, the parent company of Altabank.
Glacier
Glacier
Forward Guidance
Future cash dividends will depend on a variety of factors, including net income, capital, asset quality, general economic conditions and regulatory considerations.