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Glacier Bancorp (GBCI)
NYSE:GBCI
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.52Last Year’s EPS
$0.49Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 6.33%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance, with notable growth in EPS, net income, and deposits. The acquisition of Montana branches added significant assets, and noninterest income saw a healthy increase. However, there were slight increases in nonperforming assets and challenges in organic loan growth, indicating some areas of concern. Overall, the highlights outweighed the lowlights, indicating a positive outlook.Company Guidance
During the Glacier Bancorp Q3 2024 earnings call, the company reported strong financial metrics, highlighting a 15% growth in earnings per share to $0.45, driven by increased interest income and higher noninterest income. Net income rose by 14% to $51 million, while net interest margin expanded by 15 basis points to 2.83%. The loan portfolio grew by 2% to $17.1 billion, with a loan yield increase of 11 basis points to 5.69%. Core deposits saw a 3% rise to $20.7 billion, with noninterest-bearing deposits up by 5%. The total cost of funding decreased slightly to 179 basis points. Noninterest income increased by 8% to $34.7 million. The company maintained strong credit performance, with a credit loss of $8 million, primarily due to the acquisition of Rocky Mountain Bank. Tangible stockholders' equity increased by 3% to $2.1 billion, and a quarterly dividend of $0.33 per share was declared, marking the 158th consecutive dividend. The company remains focused on organic growth and strategic acquisitions, having completed two acquisitions in 2024 totaling approximately $1.2 billion in assets.Strong EPS Growth
EPS growth of 15% or $0.45, driven by increasing interest income and higher noninterest income.
Net Income Increase
Net income was $51 million, an increase of $6.3 million or 14% from the prior quarter.
Net Interest Margin Growth
Net interest margin grew 15 basis points from 2.68% to 2.83%.
Acquisition of Montana Branches
Finalized the purchase of 6 Montana branches from Heartland Financial, adding $403 million in assets.
Deposit Growth
Total core deposits of $20.7 billion increased $613 million or 3% during the current quarter.
Dividend Declaration
Declared a quarterly dividend of $0.33 per share, marking 158 consecutive quarterly dividends.
Noninterest Income Increase
Noninterest income increased by $2.5 million or 8% over the prior quarter.
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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 |
|---|---|---|---|
| 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% |
| Jan 25, 2024 | $37.51 | $40.64 | +8.34% |
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 Jan 23, 2025, TBA Not Confirmed.
What is Glacier Bancorp (GBCI) earnings time?
Glacier Bancorp (GBCI) earnings time is at Jan 23, 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 2024 (Q4) is $0.52.
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