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Glacier Bancorp (GBCI)
NYSE:GBCI
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -4.25%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant increases in earnings and net interest margin, successful acquisitions, and consistent dividend growth. However, there were concerns regarding a decrease in total loans, an increased allowance for credit loss due to economic uncertainties, and nonaccrual issues in a C&I credit. Despite these challenges, the overall sentiment remains positive with expectations for continued growth and improvement.Company Guidance
During the Glacier Bancorp first-quarter earnings call for fiscal year 2025, CEO Randy Chesler reported a strong financial performance with diluted earnings per share of $0.48, marking a 66% increase from the previous year. The bank's net income rose to $54.6 million, a 67% increase from the prior year. The net interest margin improved to 3.04%, a seven-basis-point rise from the previous quarter and a 45-basis-point increase from the previous year. Total deposits grew by $87.1 million, reaching $20.6 billion, while total loans slightly decreased due to accelerated payoffs. The bank maintained solid expense control, with noninterest expenses nearly flat compared to the previous year. Glacier Bancorp also increased its allowance for credit losses to 1.22% due to economic uncertainties. Tangible stockholders' equity rose by 3% to $2.2 billion, and the tangible book value per share increased by 3% to $19.28. A quarterly dividend of 33¢ per share was declared, continuing a streak of 60 consecutive quarterly dividends. The company announced the acquisition of Bank of Idaho, expected to provide a strategic expansion in several high-growth markets.Significant Increase in Earnings
Diluted earnings per share for the current quarter was $0.48 per share, an increase of 66% from the prior year first quarter. Net income was $54.6 million for the current quarter, an increase of $21.9 million or 67% from the prior year.
Net Interest Margin Improvement
The net interest margin for the current quarter was 3.04%, an increase of 45 basis points from the prior year first quarter margin of 2.59%. This marks the first time the margin has exceeded 3% in two years, with expectations for continued growth.
Successful Acquisitions and Expansions
The acquisition of Bank of Idaho, with $1.3 billion in assets, was announced and expected to close by the end of the month. This acquisition strategically expands Glacier's presence in high-growth markets.
Improved Tangible Stockholders' Equity
Tangible stockholders' equity increased by $67 million or 3% from the prior quarter and $147 million or 7% from the prior year.
Consistent Dividend Growth
Declared a quarterly dividend of 33¢ per share, marking 60 consecutive quarterly dividends and 49 increases.
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GBCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GBCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $42.62 | $40.81 | -4.25% |
| Jan 23, 2025 | $51.35 | $50.60 | -1.46% |
| Oct 24, 2024 | $47.45 | $49.29 | +3.88% |
| Jul 18, 2024 | $42.70 | $42.46 | -0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Glacier Bancorp (GBCI) report earnings?
Glacier Bancorp (GBCI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Glacier Bancorp (GBCI) earnings time?
Glacier Bancorp (GBCI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GBCI EPS forecast?
GBCI EPS forecast for the fiscal quarter 2025 (Q1) is 0.47.
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