GLACIER BANCORP, INC. GBCI Income Statement

Glacier bancorp, inc. (GBCI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest Income
Investment securities
85,504	86,499	81,968	90,392	91,086	93,052	74,512	66,386	76,262	57,010	51,572	38,975
Residential real estate loans
46,899	40,041	33,114	33,410	32,153	30,721	29,525	30,850	33,060	45,401	54,498	51,166
Commercial loans
369,107	304,164	227,356	188,949	164,966	145,631	127,450	121,425	130,249	143,861	151,580	165,119
Consumer and other loans
44,667	38,292	32,584	31,402	31,476	30,515	32,089	35,096	40,538	42,130	44,844	47,725
Total interest income
546,177	468,996	375,022	344,153	319,681	299,919	263,576	253,757	280,109	288,402	302,494	302,985
Interest Expense
Deposits
23,280	18,359	16,793	18,402	16,138	13,195	13,870	18,183	25,269	35,598	38,429	55,012
Securities sold under agreements to repurchase
3,694	2,248	1,858	1,207	1,021	865	867	1,308	1,353	1,607	2,007	3,823
Federal Home Loan Bank advances
9,023	8,880	6,748	6,221	8,841	9,570	10,610	12,566	12,687	9,523	7,952	15,355
Other borrowed funds
215	95	79	67	81	199	206	229	224	284	1,961	8,752
Subordinated debentures
6,561	5,949	4,386	3,734	3,194	3,137	3,205	3,428	4,961	6,622	6,818	7,430
Total interest expense
42,773	35,531	29,864	29,631	29,275	26,966	28,758	35,714	44,494	53,634	57,167	90,372
Net Interest Income
503,404	433,465	345,158	314,522	290,406	272,953	234,818	218,043	235,615	234,768	245,327	212,613
Credit loss expense
57	9,953	10,824	2,333	2,284	1,912	6,887	21,525	64,500	84,693	124,618	28,480
Net interest income after credit loss expense
503,347	423,512	334,334	312,189	288,122	271,041	227,931	196,518	171,115	150,075	120,709	184,133
Non-Interest Income
Service charges and other fees
67,934	74,887	67,717	62,405	59,286	56,043	49,478	45,343	44,194	43,040	40,465	41,550
Miscellaneous loan fees and charges
5,313	6,805	4,360	4,613	4,276	4,696	4,982	4,363	3,919	4,906	5,406	5,956
Gain on sale of loans
34,064	27,134	30,439	33,606	26,389	19,797	28,517	32,227	21,132	27,233	26,923	14,849
Gain on sale of debt securities
14,415	-1,113	-660	-1,463	19	-188	-299	0	346	4,822	5,995	-7,345
Other income
9,048	11,111	10,383	8,157	8,791	9,954	10,369	9,563	8,608	7,545	7,685	6,024
Total non-interest income
130,774	118,824	112,239	107,318	98,761	90,302	93,047	91,496	78,199	87,546	86,474	61,034
Non-Interest Expense
Compensation and employee benefits
222,753	195,056	160,506	151,697	134,382	118,571	104,221	95,373	85,691	87,728	84,965	82,027
Occupancy and equipment
34,497	30,734	26,631	25,979	25,483	22,718	24,875	23,837	23,599	24,261	23,471	21,674
Advertising and promotions
10,621	9,566	8,405	8,433	8,661	7,912	6,913	6,413	6,469	6,831	6,477	6,989
Data processing
17,392	15,911	14,150	14,390	11,244	11,387	4,493	3,324	3,153	3,057	3,031	2,508
Other real estate owned
1,105	3,221	1,909	2,895	3,693	2,568	7,196	18,964	27,255	22,193	9,092	1,176
Regulatory assessments and insurance
3,771	5,075	4,431	4,780	5,283	5,064	6,362	7,313	9,583	9,121	8,639	1,377
Loss on termination of hedging activities
13,528	0	0	-	-	-	-	-	-	-	-	-
Core deposit intangibles amortization
8,485	6,270	2,494	2,970	2,964	2,811	2,401	2,110	2,473	3,180	3,116	3,051
Goodwill impairment charge
-	-	-	-	-	-	-	-	40,159	0	-	-
Other expenses
62,775	54,294	47,045	47,570	45,047	41,648	38,856	36,087	33,742	31,577	30,027	27,107
Total non-interest expense
374,927	320,127	265,571	258,714	236,757	212,679	195,317	193,421	232,124	187,948	168,818	145,909
Income Before Income Taxes
259,194	222,209	181,002	160,793	150,126	148,664	125,661	94,593	17,190	49,673	38,365	99,258
Federal and state income tax expense
48,650	40,331	64,625	39,662	33,999	35,909	30,017	19,077	-281	7,343	3,991	33,601
Net Income
210,544	181,878	116,377	121,131	116,127	112,755	95,644	75,516	17,471	42,330	34,374	65,657
Basic earnings per share
2.39	2.18	1.50	1.59	1.54	1.51	1.31	1.05	0.24	0.61	0.56	1.20
Diluted earnings per share
2.38	2.17	1.50	1.59	1.54	1.51	1.31	1.05	0.24	0.61	0.56	1.19
Dividends declared per share
1.31	1.31	1.14	1.10	1.05	0.98	0.60	0.53	0.52	0.52	0.52	-
Average outstanding shares - basic
88,255	83,603	77,537	76,278	75,542	74,641	73,191	71,928	71,915	69,657	61,529	-
Average outstanding shares - diluted
88,385	83,677	77,607	76,341	75,595	74,687	73,260	71,928	71,915	69,660	61,531	-