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Sep 30, 2023
Glacier Q3 2023 Earnings Report
Glacier Bancorp announced results for the quarter and period ended September 30, 2023.
Key Takeaways
Glacier Bancorp reported a net income of $52.4 million for the current quarter, a decrease of $26.9 million, or 34 percent, from the $79.3 million for the prior year third quarter. Diluted earnings per share for the current quarter was $0.47 per share, a decrease of 35 percent from the prior year third quarter diluted earnings per share of $0.72.
Net income was $52.4 million for the current quarter, a decrease of $2.6 million, or 5 percent, from the prior quarter.
Interest income of $265 million in the current quarter increased $17.5 million, or 7 percent, over the prior quarter.
Total deposits and retail repurchase agreements of $21.895 billion increased $530 million, or 10 percent annualized, during the current quarter.
The loan portfolio of $16.135 billion increased $180 million, or 5 percent annualized, during the current quarter.
Forward Guidance
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about the Company’s plans, objectives, expectations and intentions that are not historical facts
Historical Earnings Impact
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Avg. Return Before/After Earnings
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