Glacier Bancorp's Strong Q1 Earnings

Glacier Bancorp starts 2026 with robust first quarter earnings, posting a 29% increase from last quarter and 51% from last year. Net income reached $82.1 million, with diluted earnings per share at $0.63, up 29% quarter over quarter and 31% year over year. The companys net interest margin expanded to 3.80%, driven by loan and earning asset yield increases and funding cost drops. Loans grew by 2% annualized, with the Southwest region surging over 7% annualized. Deposits increased by 2% annualized, and noninterest-bearing deposits jumped 6% annualized. Glacier maintains top-notch credit quality and declared a $0.33 quarterly dividend. Looking ahead, the company aims for nine straight quarters of margin growth, low to mid-single-digit loan growth, and a 54-55% efficiency ratio. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b644c28fe2a57a86