Loading...
•
Dec 31, 2022
Glacier Q4 2022 Earnings Report
Reported net income of $79.7 million, loan portfolio growth, increased loan yields, and well-managed expenses.
Key Takeaways
Glacier Bancorp reported a strong fourth quarter with net income of $79.7 million, a 57% increase from the prior year, driven by loan growth, increased loan yields, and a decrease in credit loss expense. The loan portfolio, excluding PPP loans, grew by $397 million, and the loan yield increased by 16 basis points. Non-interest expense decreased, and non-performing assets remained low.
Net income was $79.7 million, a 57% increase over the prior year fourth quarter.
The loan portfolio, excluding PPP loans, grew $397 million, or 11% annualized.
Loan yield increased 16 basis points to 4.83%.
Non-interest expense decreased 4% over the prior year fourth quarter.
Glacier
Glacier
Forward Guidance
Glacier Bancorp is well-positioned for 2023, with healthy loan growth, strong credit quality, increasing loan yields, and well-managed expenses.
Positive Outlook
- Healthy loan growth
- Strong credit quality
- Increasing loan yields
- Well-managed expenses
- Ready and well positioned for 2023
Challenges Ahead
- Risks associated with lending and potential adverse changes in the credit quality of loans
- Changes in trade, monetary and fiscal policies and laws, including interest rate policies
- Legislative or regulatory changes, as well as increased banking and consumer protection regulation
- Reduced demand for banking products and services
- Material failure, potential interruption or breach in security of the Company’s systems and technological changes