Glacier Bancorp Q2 net income rises to $44.7 million, down 19% from a year ago
Glacier Bancorp reported second-quarter 2024 net income of $44.7 million, up 37% from the first quarter but down 19% from the $55.0 million earned a year earlier. Management attributed the year-over-year decline mainly to higher funding costs and costs tied to the January 31, 2024 Wheatland acquisition. Sequential results improved, but earnings remain below the prior-year level.
Key points
- Net income was $44.7 million, up $12.1 million from the first quarter ($32.6 million) and down $10.2 million from the second quarter of 2023 ($55.0 million).
- Diluted earnings per share were $0.39, compared with $0.29 in the first quarter of 2024 and $0.50 in the second quarter of 2023.
- Net interest margin was 2.68%, up 9 basis points from 2.59% in the first quarter; non-interest expense was $141 million, down 7% from the prior quarter.
- The board declared a quarterly dividend of $0.33 per share, payable July 18, 2024.
The filing
Written by AI on Nov 8, 2026, 12:59 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 July 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.