NYSE$GBCI

Glacier Bancorp Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported net income of $76.4 million, an increase of $8.6 million from the prior quarter and a decrease of $1.2 million from the prior year second quarter.

Glacier Bancorp reported a net income of $76.4 million for the second quarter of 2022. The loan portfolio, excluding PPP loans, grew by $714 million, and net interest margin increased to 3.23 percent. Core deposits also saw an increase of $85.5 million.

  • Net income increased to $76.4 million, up 13% from the previous quarter.
  • Loan portfolio (excluding PPP) grew by $714 million, or 21% annualized.
  • Net interest margin rose to 3.23%, with core net interest margin increasing by 9 basis points to 3.16%.
  • Core deposits increased by $85.5 million, or 2% annualized.

Headline financials

Total Revenue

$222M

Previous: $191M+16.1%
EPS (adj)

$0.69

Previous: $0.81-14.8%
Net Interest Margin (tax-equivalent)

3.2%

No prior period
Efficiency Ratio

55.7%

Previous: 49.9%+11.7%
Loan to Deposit Ratio

66.3%

Previous: 67.6%-2.0%
Free Cash Flow

$76.4M

Previous: $77.6M-1.6%
Net Income

$76.4M

Previous: $77.6M-1.6%
Operating Income

$175M

Previous: $150M+17.0%
Gross Profit

$220M

Previous: $185M+18.8%
Cash & Equivalents

$415M

Previous: $921M-54.9%
Total Assets

$26.7B

Previous: $20.5B+30.3%
Stock-Based Comp

$1.31M

Previous: $917K+42.5%

Revenue & EPS history

Glacier · Revenue · Quarterly

$222M

Q2 2022+16.1%vs Q2 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Glacier · $165M total across 2 segments · Q4 2019

  • Net Interest Income
    $136M
  • Non-Interest Income
    $28.4M

Forward guidance

Glacier Bancorp remains prepared to manage through economic headwinds and is confident in the long term resiliency of its markets and core business.

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 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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