NYSE$GBCI

Glacier Bancorp Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported results for the quarter and period ended September 30, 2020.

Glacier Bancorp reported net income of $77.8 million for the current quarter, an increase of 51 percent from the prior year third quarter. Diluted earnings per share for the current quarter was $0.81 per share, an increase of 42 percent from the prior year third quarter.

  • Net income of $77.8 million for the current quarter, an increase of $26.2 million, or 51 percent, over the prior year third quarter.
  • Current quarter diluted earnings per share of $0.81, an increase of 42 percent from the prior year third quarter.
  • Core deposits increased $868 million, or 7 percent, during the current quarter, with non-interest bearing deposit growth of $436 million, or 9 percent.
  • Gain on sale of loans of $35.5 million, increased $9.7 million, or 37 percent, over the prior quarter and increased $25.1 million, or 243 percent, compared to the prior year third quarter.

Headline financials

Total Revenue

$205M

Previous: $174M+17.5%
EPS (adj)

$0.81

Previous: $0.64+26.6%
Efficiency Ratio

49.2%

No prior period
Loan to Deposit Ratio

82.3%

No prior period
Non-performing Assets as % of Subsidiary Assets

0.3%

No prior period
Free Cash Flow

$77.8M

Previous: $51.6M+50.7%
Net Income

$77.8M

Previous: $51.6M+50.7%
Operating Income

$159M

Previous: $125M+26.6%
Gross Profit

$202M

Previous: $174M+15.9%
Cash & Equivalents

$769M

Previous: $406M+89.3%
Total Assets

$17.9B

Previous: $13.7B+30.7%
Stock-Based Comp

$835K

Previous: $4.7M-82.2%

Revenue & EPS history

Glacier · Revenue · Quarterly

$205M

Q3 2020+17.5%vs Q3 2019
Beat estimate in 6 of 16 quarters(38%)
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 did not provide specific forward guidance in its earnings report.

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 Q3 2020

Historical avgQ3 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

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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