Every material Form 8-K Glacier Bancorp filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Glacier Bancorp appointed Ryan Screnar as Executive Vice President and Chief Compliance Officer, and he will become Chief Administrative Officer when Don Chery retires, now planned for February 2025. Lee Groom was promoted to Executive Vice President and Chief Experience Officer, adding oversight of information technology. The filing covers leadership changes and new employment agreements, with no financial results reported.
Ryan Screnar appointed October 30, 2024; becomes Chief Administrative Officer upon Don Chery's planned February 2025 retirement
Lee Groom promoted to Executive Vice President and Chief Experience Officer, adding information technology oversight
New employment agreements effective November 1, 2024, with initial annual base salary of $342,000 for each executive
Glacier Bancorp elected Beth Noymer Levine to its board effective January 1, 2025, increasing the board from 10 to 11 directors. The filing says she qualifies as independent under NYSE standards and will join several board committees, receiving standard non-employee director compensation.
Board elected Beth Noymer Levine on October 30, 2024, effective January 1, 2025
Board increased from 10 to 11 directors effective January 1, 2025
Appointed to the Audit, Compensation, Nominating/Corporate Governance, and Risk Oversight Committees
Also elected to the board of Glacier Bank, the wholly owned banking subsidiary
Glacier Bancorp reported third-quarter 2024 net income of $51.1 million, up 14% from the prior quarter but down 3% from a year earlier, with diluted EPS of $0.45. Net income for the first nine months fell 24% to $128 million, which the company attributed mainly to higher funding costs and costs tied to its Wheatland and Rocky Mountain Bank acquisitions. The board declared a quarterly dividend of $0.33 per share.
Q3 diluted EPS was $0.45, up from $0.39 in Q2 but down from $0.47 a year earlier.
Net interest margin was 2.83%, up 15 basis points from 2.68% in Q2.
Nine-month net income was $128 million, down 24% from $169 million; dividends declared were $0.99 per share year to date.
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.
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.
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.
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
Glacier Bancorp disclosed that Don J. Chery, Executive Vice President and Chief Administrative Officer, announced on January 31, 2024 that he will retire at the end of 2024 after more than 35 years of service. The filing does not name a successor or describe any financial effect, so the change appears administrative for shareholders.
Don J. Chery, Executive Vice President and Chief Administrative Officer, will retire at the end of 2024.
Chery announced the retirement on January 31, 2024, after over 35 years of service.
The filing names no successor and gives no financial impact figures.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Glacier Bancorp filing is on SEC EDGAR ↗. 8-K briefs of other companies →