NYSE$GBCI

Glacier Bancorp Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Glacier Bancorp's Q4 2024 financial results were announced, showcasing increased net income and diluted earnings per share compared to the prior quarter and the prior year fourth quarter.

Glacier Bancorp reported a strong fourth quarter in 2024, marked by a 14% increase in net income to $61.8 million compared to the same period last year, and a rise in diluted earnings per share to $0.54. The company's net interest margin also saw improvement, driven by increased loan yields and effective cost management.

  • Diluted earnings per share increased to $0.54, up 20% from the previous quarter and 10% year-over-year.
  • Net income rose to $61.8 million, a 21% increase from the prior quarter and 14% from the prior year fourth quarter.
  • Net interest margin increased to 2.97%, a 14 basis point increase from the prior quarter and 41 basis points from the prior year fourth quarter.
  • Loan portfolio increased by $81 million, or 2% annualized, during the quarter.

Headline financials

Total Revenue

$191M

Previous: $166M+15.0%
EPS (adj)

$0.54

Previous: $0.49+10.2%
Net Interest Margin (tax-equivalent)

3.0%

No prior period
Efficiency Ratio

60.5%

Previous: 65.2%-7.2%
Loan to Deposit Ratio

84.2%

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

0.1%

No prior period
Allowance for Credit Losses as % of Non-performing Loans

774.0%

No prior period
Allowance for Credit Losses as % of Total Loans

1.2%

No prior period
Net Charge-offs as % of Total Loans

0.1%

No prior period
Dividends Declared Per Share

$0.33

No prior period
Return on Average Assets (Annualized)

0.9%

No prior period
Return on Average Equity (Annualized)

7.6%

No prior period
Capital Expenditures

-$20.9M

No prior period
Net Income

$61.8M

Previous: $54.3M+13.7%
Operating Income

$73.5M

No prior period

Revenue & EPS history

Glacier · Revenue · Quarterly

$191M

Q4 2024+15%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
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 anticipates positive earnings trends to continue into 2025, with a focus on optimizing financial markets, customer relationships, and employee engagement.

Tailwinds

  • Continued positive earnings trends.
  • Focus on optimizing financial markets.
  • Commitment to strong customer relationships.
  • Emphasis on employee engagement.
  • Expected benefits from recent acquisitions.

Headwinds

  • Potential adverse changes in credit quality of the loan portfolio.
  • Changes in monetary and fiscal policies.
  • Legislative or regulatory changes.
  • Overall economic conditions and geopolitical instability.
  • Cybersecurity risks and potential system failures.

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 2024

Historical avgQ4 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

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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