NYSE$GBCI

Glacier Bancorp Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record net income and increased diluted earnings per share.

Glacier Bancorp reported a record net income of $81.9 million for Q4 2020, a 43% increase compared to the prior year's fourth quarter. Diluted earnings per share also increased by 39% to $0.86. The company saw a significant increase in gain on sale of loans and a decrease in COVID-19 related loan modifications.

  • Net income increased by 43% compared to the prior year fourth quarter.
  • Diluted earnings per share increased by 39% from the prior year fourth quarter.
  • Gain on sale of loans increased by 159% compared to the prior year fourth quarter.
  • COVID-19 related bank loan modifications decreased significantly from prior quarters.

Headline financials

Total Revenue

$166M

Previous: $136M+21.5%
EPS (adj)

$0.86

Previous: $0.62+38.7%
Net Interest Margin (tax-equivalent)

4.0%

Previous: 4.5%-9.4%
Efficiency Ratio

50.3%

Previous: 54.9%-8.3%
Loan to Deposit Ratio

76.3%

Previous: 88.9%-14.2%
Non-performing Assets as % of Subsidiary Assets

0.2%

Previous: 0.3%-29.6%
Net Income

$81.9M

Previous: $57.4M+42.7%
Gross Profit

$210M

Previous: $163M+28.8%
Cash & Equivalents

$633M

Previous: $331M+91.3%
Total Assets

$18.5B

Previous: $13.7B+35.2%
Stock-Based Comp

$800K

Previous: $921K-13.1%

Revenue & EPS history

Glacier · Revenue · Quarterly

$166M

Q4 2020+21.5%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
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 is optimistic about the future and the opportunity for continued profitable growth.

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 Q4 2020

Historical avgQ4 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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