Glacier Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 04:30 pm EDT
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Glacier Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 167.05 million compared to USD 205.33 million a year ago. Net income was USD 52.45 million compared to USD 79.34 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.72 a year ago.
For the nine months, net interest income was USD 525.23 million compared to USD 584.32 million a year ago. Net income was USD 168.61 million compared to USD 223.53 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 2.02 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 2.02 a year ago.
Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions. The Company provides a range of banking services to individuals and businesses from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona and Nevada through its wholly owned bank subsidiary, Glacier Bank (Bank). It offers a range of banking products and services, including retail banking, business banking, real estate, commercial, agriculture and consumer loans, and mortgage origination and loan servicing. It serves individuals, small to medium-sized businesses, community organizations and public entities. Its bank divisions include Glacier Bank (Kalispell, Montana), First Security Bank of Missoula (Missoula, Montana), Valley Bank of Helena (Helena, Montana), First Security Bank (Bozeman, Montana), Western Security Bank (Billings, Montana), First Bank of Montana (Lewistown, Montana), First Community Bank Utah (Layton, Utah), Mountain West Bank (Coeur dâAlene, Idaho) and others.