NYSE$GBCI
Glacier Bancorp Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Glacier Bancorp, Inc. reported a decrease in net income and diluted earnings per share due to the impact of CECL accounting standard adoption and the COVID-19 pandemic.
Glacier Bancorp, Inc. reported net income of $43.3 million for the quarter ended March 31, 2020, a decrease of 12% compared to the prior year. Diluted earnings per share decreased by 21% to $0.46. The results were impacted by credit loss expenses related to the COVID-19 pandemic and the acquisition of State Bank Corp.
- Net income decreased by 12% to $43.3 million due to COVID-19 and CECL adoption.
- Diluted earnings per share decreased by 21% to $0.46.
- Loan portfolio organically grew by $124 million, or 5% annualized.
- Approved 8,775 PPP loans totaling $1.088 billion as of April 21.
Headline financials
Revenue & EPS history
Glacier · Revenue · Quarterly
$168M
Revenue by segment
Glacier · $165M total across 2 segments · Q4 2019
- Net Interest Income$136M—82.8%
- Non-Interest Income$28.4M—17.2%
Forward guidance
The Company is well positioned to mitigate the potential financial impact of COVID-19 with a strong liquidity and capital position and expects continued long-term success.
Tailwinds
- Best possible service for customers.
- Protecting employees.
- Protecting shareholder value.
- Strong liquidity position.
- Strong capital position.
Headwinds
- Risks associated with lending.
- Potential adverse changes of the credit quality of loans.
- Changes in trade, monetary and fiscal policies and laws.
- Legislative or regulatory changes.
- Material failure, potential interruption or breach in security of the Company’s systems.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.4%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.8%
Avg return
30 days after
46%
32 / 69 earnings
Positive
+6.6%
Q2 2018
Best reaction
-8.8%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -2.5% | -3.5% | |
| Q4 2025 | -3.7% | -1.8% | +1.3% | |
| Q3 2025 | -2.6% | -4.6% | -6.0% | |
| Q2 2025 | -1.6% | -0.4% | +6.0% | |
| Q1 2025 | -4.2% | -4.4% | -4.6% | |
| Q4 2024 | -1.5% | -4.8% | -7.5% | |
| Q3 2024 | +5.2% | +11.6% | +23.8% | |
| Q2 2024 | -2.4% | +2.5% | -0.9% | |
| Q1 2024 | +6.1% | +10.3% | +12.8% | |
| Q4 2023 | +3.4% | +1.3% | -10.1% | |
| Q3 2023 | -1.9% | -3.1% | +11.1% | |
| Q2 2023 | -8.6% | -7.6% | -12.0% | |
| Q1 2023 | -8.8% | -15.7% | -26.6% | |
| Q4 2022 | -2.5% | -2.1% | +2.0% | |
| Q3 2022 | -0.3% | -0.7% | +8.7% | |
| Q2 2022 | -3.1% | -1.7% | +8.3% | |
| Q1 2022 | -0.9% | -3.0% | -5.4% | |
| Q4 2021 | -4.7% | -3.5% | +2.1% | |
| Q3 2021 | +2.5% | -0.3% | +5.4% | |
| Q2 2021 | -2.4% | -3.0% | +1.9% | |
| Q1 2021 | +3.7% | +3.2% | +0.0% | |
| Q4 2020 | -3.1% | +3.0% | +12.6% | |
| Q3 2020 | +5.3% | +2.4% | +18.8% | |
| Q2 2020 | +3.5% | -0.5% | +0.0% | |
| Q1 2020 | +2.9% | +15.4% | +22.1% | |
| Q4 2019 | -0.7% | -2.3% | -2.5% | |
| Q3 2019 | +4.6% | +5.0% | +7.5% | |
| Q2 2019 | +1.3% | +1.7% | +3.2% | |
| Q1 2019 | -3.6% | -1.6% | -3.8% | |
| Q4 2018 | -0.4% | -0.7% | +4.2% | |
| Q3 2018 | -1.8% | -3.8% | +9.0% | |
| Q2 2018 | +6.6% | +9.4% | +11.0% | |
| Q1 2018 | -0.5% | +2.7% | +4.4% | |
| Q4 2017 | +1.6% | -0.2% | +2.4% | |
| Q3 2017 | +0.6% | -0.2% | +0.1% | |
| Q2 2017 | -1.6% | +1.2% | -7.2% | |
| Q1 2017 | +1.3% | +4.4% | -1.4% | |
| Q4 2016 | -0.5% | -2.1% | +1.8% | |
| Q3 2016 | +0.1% | -0.0% | +20.1% | |
| Q2 2016 | -0.2% | -0.1% | +3.8% | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | +3.2% | — | — | |
| Q3 2015 | +3.3% | — | — | |
| Q2 2015 | -4.4% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | -4.7% | — | — | |
| Q3 2013 | +3.2% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | +2.5% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | -4.7% | — | — | |
| Q2 2011 | -7.9% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q4 2010 | +0.5% | — | — | |
| Q4 2008 | +0.5% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q3 2009 | -2.8% | — | — | |
| Q2 2010 | +1.8% | — | — | |
| Q2 2009 | +1.8% | — | — |
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