Glacier Bancorp, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Glacier Bancorp, Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial information and business operations.</b>

AI Summary

GLACIER BANCORP, INC. (GBCI) filed a Quarterly Report (10-Q) with the SEC on May 7, 2024. Glacier Bancorp, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing is dated May 7, 2024. The company's SIC code is 6022 (State Commercial Banks). The principal business address is 49 Commons Loop, Kalispell, MT 59901. The filing includes data for fiscal years ending December 31, 2022, 2023, and quarters ending March 31, 2023, and March 31, 2024.

Why It Matters

For investors and stakeholders tracking GLACIER BANCORP, INC., this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial performance and operational details of Glacier Bancorp, Inc. for the first quarter of 2024. The report contains specific financial data, including equity components and asset information, crucial for evaluating the company's financial health and strategic direction.

Risk Assessment

Risk Level: low — GLACIER BANCORP, INC. shows low risk based on this filing. The filing is a standard 10-Q report, which is a routine disclosure for publicly traded companies and does not contain unusual or high-risk information.

Analyst Insight

Review the detailed financial statements and disclosures within the 10-Q to assess Glacier Bancorp's Q1 2024 performance and compare it to previous periods.

Key Numbers

• 2024-03-31 — Period End Date (Conformed period of report)
• 2024-05-07 — Filing Date (Filed as of date)
• 6022 — SIC Code (Standard Industrial Classification)
• 49 COMMONS LOOP, KALISPELL, MT 59901 — Business Address (Street 1, City, State, Zip)
• 001-41170 — SEC File Number (SEC file number)

Key Players & Entities

• GLACIER BANCORP, INC. (company) — Filer name
• GBCI (company) — Ticker symbol
• 0000868671 (company) — Central Index Key
• 6022 (regulator) — Standard Industrial Classification
• MT (company) — State of incorporation
• 406-751-7708 (dollar_amount) — Business phone number
• 2024-03-31 (date) — Conformed period of report
• 2024-05-07 (date) — Filed as of date

FAQ

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-07: Filing Date — Date the 10-Q was officially filed with the SEC.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value GBCI The New York Stock Excha

Filing Documents

• gbci-20240331.htm (10-Q) — 3323KB
• gbci-03312024xex311.htm (EX-31.1) — 10KB
• gbci-03312024xex312.htm (EX-31.2) — 10KB
• gbci-03312024xex32.htm (EX-32) — 7KB
• 0000868671-24-000064.txt (&nbsp;) — 15854KB
• gbci-20240331.xsd (EX-101.SCH) — 66KB
• gbci-20240331_cal.xml (EX-101.CAL) — 186KB
• gbci-20240331_def.xml (EX-101.DEF) — 382KB
• gbci-20240331_lab.xml (EX-101.LAB) — 997KB
• gbci-20240331_pre.xml (EX-101.PRE) — 730KB
• gbci-20240331_htm.xml (XML) — 3361KB

Financial Information

Part I. Financial Information

– Financial Statements

Item 1 – Financial Statements Unaudited Condensed Consolidated Statements of Financial Condition – March 31, 2024 and December 31, 2023 4 Unaudited Condensed Consolidated Statements of Operations – Three Months ended March 31, 2024 and 2023 5 Unaudited Condensed Consolidated Statements of Comprehensive Income – Three Months ended March 31, 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity – Three Months ended March 31, 2024 and 2023 7 Unaudited Condensed Consolidated Statements of Cash Flows – Three Months ended March 31, 2024 and 2023 8 Notes to Unaudited Condensed Consolidated Financial Statements 10

– Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations 49

– Quantitative and Qualitative Disclosure about Market Risk

Item 3 – Quantitative and Qualitative Disclosure about Market Risk 77

– Controls and Procedures

Item 4 – Controls and Procedures 77

Other Information

Part II. Other Information 77

– Legal Proceedings

Item 1 – Legal Proceedings 77

– Risk Factors

Item 1A – Risk Factors 77

– Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 78

– Defaults upon Senior Securities

Item 3 – Defaults upon Senior Securities 78

– Mine Safety Disclosures

Item 4 – Mine Safety Disclosures 78

– Other Information

Item 5 – Other Information 78

– Exhibits

Item 6 – Exhibits 79

Signatures

Signatures 80 ABBREVIATIONS/ACRONYMS ACL or allowance – allowance for credit losses ALCO – Asset Liability Committee ASC – Accounting Standards Codification TM ASU – Accounting Standards Update ATM – automated teller machine Bank – Glacier Bank BTFP - Bank Term Funding Program of the Federal Reserve Bank CDE – Certified Development Entity CDFI Fund – Community Development Financial Institutions Fund CECL – current expected credit losses CEO – Chief Executive Officer CFO – Chief Financial Officer CFGW – Community Financial Group, Inc. Company – Glacier Bancorp, Inc. COVID-19 – coronavirus disease of 2019 DDA – demand deposit account Fannie Mae – Federal National Mortgage Association FASB – Financial Accounting Standards Board FDIC – Federal Deposit Insurance Corporation FHLB – Federal Home Loan Bank Final Rules – final rules implemented by the federal banking agencies that established a new comprehensive regulatory capital framework FRB – Federal Reserve Bank Freddie Mac – Federal Home Loan Mortgage Corporation GAAP – accounting principles generally accepted in the United States of America GDP – gross domestic product Ginnie Mae – Government National Mortgage Association Interest rate locks - residential real estate derivatives for commitments LIBOR – London Interbank Offered Rate LIHTC – Low Income Housing Tax Credit MBFD - Modifications to borrowers experiencing financial difficulty NMTC – New Markets Tax Credit NOW – negotiable order of withdrawal NRSRO – Nationally Recognized Statistical Rating Organizations OCI – other comprehensive income OREO – other real estate owned PCD – purchased credit-deteriorated PPP – Paycheck Protection Program Repurchase agreements – securities sold under agreements to repurchase ROU – right-of-use S&P – Standard and Poor's SBA – United States Small Business Administration SEC – United States Securities and Exchange Commission TBA – to-be-announ

View Full Filing

View this 10-Q filing on SEC EDGAR