NYSE$GBCI
Glacier Bancorp Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Glacier's financial performance increased in Q3 2024, marked by solid earnings, margin and deposit growth, and the completion of the Rocky Mountain Bank Montana branches acquisition.
Glacier Bancorp reported a net income of $51.1 million and diluted earnings per share of $0.45 for the current quarter. The company experienced growth in earnings, margin, and deposits, and finalized the acquisition of the Rocky Mountain Bank Montana branches.
- Diluted earnings per share increased to $0.45, a 15% rise from the prior quarter.
- Net income reached $51.1 million, up 14% from the previous quarter.
- Net interest margin rose to 2.83%, a 15 basis point increase from the prior quarter.
- The loan portfolio grew by $329 million, representing a 2% increase during the quarter.
Headline financials
Revenue & EPS history
Glacier · Revenue · Quarterly
$215M
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
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about the Company’s plans, objectives, expectations and intentions that are not historical facts
Headwinds
- risks associated with lending and potential adverse changes in the credit quality of the Company’s loan portfolio
- changes in monetary and fiscal policies, including interest rate policies of the Federal Reserve Board, which could adversely affect the Company’s net interest income and margin, the fair value of its financial instruments, profitability, and stockholders’ equity
- legislative or regulatory changes, including increased FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increased banking and consumer protection regulations, that may adversely affect the Company’s business and strategies
- risks related to overall economic conditions, including the impact on the economy of a uncertain interest rate environment, inflationary pressures, and geopolitical instability, including the wars in Ukraine and the Middle East
- risks associated with the Company’s ability to negotiate, complete, and successfully integrate any future acquisitions
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 2024
-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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