Quarterly ResultMay 1, 2026, 04:38 PM
Glacier Bancorp Q1 Net Income +50.5% to $82.1M; EPS $0.63
AI Summary
Glacier Bancorp reported a strong first quarter for 2026, with net income increasing by 50.5% to $82.1 million and basic earnings per share rising to $0.63. Net interest income grew significantly by 41.4% to $268.7 million, driven by a 25.0% increase in total interest income and a 6.3% decrease in total interest expense. The provision for credit losses also decreased by 22.4%.
Key Highlights
- Net income increased 50.5% to $82.1 million for Q1 2026.
- Basic earnings per share rose to $0.63, up from $0.48 in Q1 2025.
- Net interest income grew 41.4% to $268.7 million.
- Total interest income increased 25.0% to $362.3 million.
- Total interest expense decreased 6.3% to $93.7 million.
- Provision for credit losses decreased 22.4% to $6.1 million.
- Total assets were $31.73 billion as of March 31, 2026.
- Dividends declared per share remained stable at $0.33.
Price Impact
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