NYSE$GBCI
Glacier Bancorp Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Glacier Bancorp's financial performance increased with net income and diluted earnings per share rising compared to the prior year second quarter.
Glacier Bancorp reported a strong second quarter with net income of $63.4 million, a 21% increase year-over-year, and diluted earnings per share of $0.66, an 8% increase year-over-year. The company funded 15,291 PPP loans totaling $1.427 billion and experienced organic loan portfolio growth of $1.365 billion.
- Net income increased by 21% compared to the prior year second quarter, reaching $63.4 million.
- Diluted earnings per share increased by 8% compared to the prior year second quarter, reaching $0.66.
- The company funded 15,291 PPP loans totaling $1.427 billion, contributing $7.3 million of interest income.
- The loan portfolio organically increased by $1.365 billion, representing a 14% growth during the quarter.
Headline financials
Revenue & EPS history
Glacier · Revenue · Quarterly
$189M
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
Glacier Bancorp remains confident in its ability to navigate the ongoing pandemic and economic challenges due to its significant liquidity, high-quality loan portfolio, strong balance sheet, and solid core business.
Tailwinds
- Significant liquidity positions the company to withstand economic uncertainty.
- High-quality loan portfolio minimizes potential credit losses.
- Strong balance sheet provides a solid foundation for future growth.
- Solid core business ensures stability and consistent performance.
- Proactive customer support through loan modifications and PPP loans strengthens customer relationships.
Headwinds
- The COVID-19 pandemic continues to pose challenges to the economic environment.
- Potential adverse changes in credit quality of loans could impact profitability.
- Legislative and regulatory changes may affect the company's business.
- Increased competition among financial institutions could reduce market share.
- Material failure or breach in security of the company’s systems could expose it to risks.
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 Q2 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro