The earnings call presented a generally positive outlook with strong earnings growth, improved net interest margins, and successful acquisitions. However, there were some concerns regarding a decrease in deposits and noninterest income, along with a slight increase in charge-offs. Overall, the highlights outweigh the lowlights, indicating a strong performance for the quarter.
Company Guidance
In the fourth quarter earnings call for Glacier Bancorp, the executives provided positive guidance for 2025, highlighting several key financial metrics. The company reported a 20% increase in diluted earnings per share to $0.54 from the prior quarter and a 21% rise in net income to $61.8 million. The net interest margin improved by 14 basis points to 2.97%, supported by increasing interest income and lower deposit costs. The loan portfolio grew by $81 million, while total deposits decreased by 1% from the previous quarter. Looking ahead, Glacier Bancorp anticipates its net interest margin to range between 3.20% and 3.25% for 2025, with low to mid-single-digit organic loan growth, excluding the impact of the Bank of Idaho acquisition. The company also expects noninterest expenses to range from $151 million to $154 million per quarter.
Strong Earnings Growth
Diluted earnings per share increased by 20% from the prior quarter and 10% from the prior year. Net income was $61.8 million for the quarter, a 21% increase from the prior quarter.
Net Interest Margin Improvement
The net interest margin for the quarter was 2.97%, up 14 basis points from the previous quarter and 41 basis points from the prior year.
Successful Acquisitions
Completed acquisitions of Rocky Mountain branches and Wheatland Bank, and announced the acquisition of Bank of Idaho, enhancing presence in high-growth markets.
Credit Portfolio Performance
The credit portfolio continues to perform near record levels with no material negative trends emerging.
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Glacier Bancorp (GBCI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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%
Apr 18, 2024
$34.32
$36.12
+5.24%
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 17, 2025, TBA Not Confirmed.
What is Glacier Bancorp (GBCI) earnings time?
Glacier Bancorp (GBCI) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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