Markets GBCI

Glacier Bancorp Q2 Profit Jumps

(RTTNews) - Glacier Bancorp, Inc. (GBCI) on Thursday reported an increase in profit for the second quarter, driven by stronger net interest income, expanding margins and continued loan growth.

Second-quarter net income increased to $97.9 million or $0.75 per share from $52.8 million or $0.45 per share a year earlier. Operating earnings per share were $0.76, compared with $0.57 last year.

Net interest income rose 33% to $276.4 million from $207.6 million in the prior-year quarter, reflecting higher loan balances, improved loan yields and lower funding costs.

Total non-interest income increased 25% to $41.1 million, while non-interest expense rose 20% to $186.7 million, primarily due to costs associated with acquired banks.

The company declared a quarterly cash dividend of $0.33 per share, payable July 16, 2026, to shareholders of record on July 7, 2026.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available