Glacier Bancorp Q1 net income falls 47% to $32.6 million
Glacier Bancorp reported first-quarter 2024 net income of $32.6 million, down 47% from $61.2 million a year earlier, with diluted earnings per share of $0.29 versus $0.55. The company attributed the decline mainly to a significant increase in funding costs and costs tied to its Wheatland Bank acquisition, while its net interest margin rose to 2.59% from 2.56%. For shareholders, profit fell sharply in the quarter, and the company declared a quarterly dividend of $0.33 per share.
Key points
- Net income of $32.6 million versus $61.2 million in the prior year first quarter; diluted EPS of $0.29 versus $0.55
- Net interest margin of 2.59% in the quarter, up from 2.56% in the prior quarter
- Wheatland Bank acquisition completed January 31, 2024, with $5.7 million of acquisition-related expense in the quarter
- Quarterly dividend of $0.33 per share declared; purchase of six Montana branches from Heartland Bank expected to close in the third quarter of 2024
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.