GLACIER BANCORP, INC. GBCI Income Statement

Glacier bancorp, inc. (GBCI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest Income
Investment securities
85,167	85,504	86,616	87,230	87,708	86,499	83,146	81,162	80,171	81,968	84,950	86,790	88,448	90,392	92,478	93,088	92,010	91,086	89,405	89,762	91,696	93,052	94,491	91,170	84,628	74,512	64,910	60,593	60,696	66,386	71,760	77,238	80,002	76,262	70,681	64,450	58,906	57,010	56,541	53,948	0	0	0
Residential real estate loans
47,646	46,899	45,096	43,296	42,035	40,041	37,810	35,780	33,981	33,114	33,057	33,269	33,043	33,410	33,519	32,859	32,677	32,153	32,045	32,117	31,395	30,721	30,176	29,546	29,352	29,525	29,437	29,857	30,326	30,850	31,217	31,467	32,128	33,060	35,642	39,019	42,284	45,401	47,951	50,455	0	0	0
Commercial loans
384,252	369,107	351,044	334,407	322,188	304,164	283,255	262,543	242,901	227,356	215,777	203,596	194,416	188,949	182,308	176,751	170,447	164,966	159,792	155,042	149,611	145,631	142,358	139,262	133,860	127,450	122,449	118,451	119,016	121,425	123,393	125,685	128,232	130,249	133,072	136,221	140,247	143,861	146,148	148,011	0	0	0
Consumer and other loans
45,861	44,667	43,450	41,783	40,115	38,292	36,373	34,658	33,407	32,584	32,099	31,708	31,493	31,402	31,300	31,330	31,442	31,476	31,407	31,051	30,616	30,515	30,654	31,542	31,868	32,089	32,507	32,886	33,790	35,096	36,462	37,860	39,258	40,538	41,056	41,431	41,940	42,130	43,109	43,652	0	0	0
Total interest income
562,926	546,177	526,206	506,716	492,046	468,996	440,584	414,143	390,460	375,022	365,883	355,363	347,400	344,153	339,605	334,028	326,576	319,681	312,649	307,972	303,318	299,919	297,679	291,520	279,708	263,576	249,303	241,787	243,828	253,757	262,832	272,250	279,620	280,109	280,451	281,121	283,377	288,402	293,749	296,066	0	0	0
Interest Expense
Deposits
23,520	23,280	22,168	20,791	19,784	18,359	16,658	16,385	16,269	16,793	18,002	17,988	18,047	18,402	17,837	17,234	16,786	16,138	16,224	15,304	14,253	13,195	12,463	12,834	13,247	13,870	14,719	15,806	16,941	18,183	19,427	21,160	23,135	25,269	27,793	30,717	33,355	35,598	36,927	37,218	0	0	0
Securities sold under agreements to repurchase
3,881	3,694	3,394	2,965	2,565	2,248	2,037	2,004	1,961	1,858	1,687	1,439	1,271	1,207	1,169	1,141	1,098	1,021	972	936	896	865	848	832	850	867	957	1,143	1,236	1,308	1,317	1,279	1,295	1,353	1,413	1,468	1,548	1,607	1,674	1,671	0	0	0
Federal Home Loan Bank advances
6,314	9,023	11,083	11,180	9,846	8,880	8,840	8,106	7,327	6,748	6,019	6,148	6,079	6,221	7,000	7,746	8,298	8,841	8,938	9,021	9,251	9,570	9,898	10,272	10,473	10,610	10,880	11,266	11,836	12,566	13,270	13,645	13,520	12,687	11,572	10,399	9,760	9,523	9,170	8,704	0	0	0
Other borrowed funds
305	215	113	129	117	95	129	87	80	79	73	69	64	67	67	71	72	81	127	140	173	199	181	201	207	206	213	212	219	229	245	252	253	224	197	163	127	284	636	1,179	0	0	0
Subordinated debentures
6,345	6,561	6,618	6,524	6,349	5,949	5,503	5,077	4,635	4,386	4,225	4,028	3,861	3,734	3,559	3,431	3,314	3,194	3,167	3,148	3,135	3,137	3,137	3,144	3,163	3,205	3,225	3,288	3,342	3,428	3,487	3,800	4,220	4,961	5,742	6,254	6,629	6,622	6,608	6,601	0	0	0
Total interest expense
40,365	42,773	43,376	41,589	38,661	35,531	33,167	31,659	30,272	29,864	30,006	29,672	29,322	29,631	29,632	29,623	29,568	29,275	29,428	28,549	27,708	26,966	26,527	27,283	27,940	28,758	29,994	31,715	33,574	35,714	37,746	40,136	42,423	44,494	46,717	49,001	51,419	53,634	55,015	55,373	0	0	0
Net Interest Income
522,561	503,404	482,830	465,127	453,385	433,465	407,417	382,484	360,188	345,158	335,877	325,691	318,078	314,522	309,973	304,405	297,008	290,406	283,221	279,423	275,610	272,953	271,152	264,237	251,768	234,818	219,309	210,072	210,254	218,043	225,086	232,114	237,197	235,615	233,734	232,120	231,958	234,768	238,734	240,693	0	0	0
Credit loss expense
22,744	57	1,303	4,497	9,215	9,953	11,593	11,726	10,021	10,824	9,077	6,376	3,363	2,333	1,605	1,805	2,087	2,284	2,064	1,598	1,555	1,912	3,523	5,070	5,909	6,887	7,360	8,153	15,000	21,525	27,925	42,400	53,625	64,500	83,200	85,187	83,283	84,693	104,368	110,346	0	0	0
Net interest income after credit loss expense
499,817	503,347	481,527	460,630	444,170	423,512	395,824	370,758	350,167	334,334	326,800	319,315	314,715	312,189	308,368	302,600	294,921	288,122	281,157	277,825	274,055	271,041	267,629	259,167	245,859	227,931	211,949	201,919	195,254	196,518	197,161	189,714	183,572	171,115	150,534	146,933	148,675	150,075	134,366	130,347	0	0	0
Non-Interest Income
Service charges and other fees
63,939	67,934	72,886	77,252	76,031	74,887	72,461	70,264	68,955	67,717	66,080	65,080	63,357	62,405	62,628	61,678	60,968	59,286	59,376	58,338	56,823	56,043	53,448	52,840	51,111	49,478	47,736	45,964	45,437	45,343	44,815	44,439	44,478	44,194	44,024	44,417	43,728	43,040	42,721	40,980	0	0	0
Miscellaneous loan fees and charges
5,631	5,313	5,212	5,244	6,295	6,805	6,604	6,008	4,857	4,360	4,517	4,501	4,572	4,613	4,301	4,161	4,140	4,276	4,479	4,766	4,824	4,696	4,903	4,969	4,922	4,982	4,874	4,546	4,506	4,363	4,180	4,073	3,888	3,919	4,133	4,426	4,757	4,906	5,150	5,046	0	0	0
Gain on sale of loans
40,128	34,064	29,568	26,455	26,835	27,134	28,903	30,788	30,178	30,439	32,796	33,247	33,972	33,606	29,874	27,608	26,951	26,389	25,780	24,454	21,632	19,797	19,308	20,329	23,023	28,517	32,746	34,453	34,503	32,227	30,089	26,482	23,251	21,132	23,948	26,194	28,036	27,233	23,004	24,708	0	0	0
Gain on sale of debt securities
15,065	14,415	13,801	-377	-567	-1,113	-871	-427	-893	-660	-1,302	-1,973	-1,671	-1,463	-563	0	122	19	-152	-182	-132	-188	-160	-502	-213	-299	-299	104	-137	0	0	813	222	346	2,571	3,799	4,632	4,822	5,264	0	0	0	-
Other income
10,809	9,048	9,384	11,644	12,618	11,111	10,942	10,175	9,539	10,383	10,453	8,797	8,525	8,157	7,531	7,830	8,139	8,791	8,789	9,529	10,460	9,954	11,827	11,131	10,642	10,369	10,381	10,472	9,799	9,563	9,036	9,275	9,303	8,608	7,466	6,355	7,605	7,545	7,147	6,662	0	0	0
Total non-interest income
135,572	130,774	130,851	120,218	121,212	118,824	118,039	116,808	112,636	112,239	112,544	109,652	108,755	107,318	103,771	101,277	100,320	98,761	98,272	96,905	93,607	90,302	89,326	88,767	89,485	93,047	95,438	95,539	94,108	91,496	88,120	85,082	81,142	78,199	82,142	85,191	88,758	87,546	83,286	80,619	0	0	0
Non-Interest Expense
Compensation and employee benefits
229,685	222,753	217,595	205,013	202,063	195,056	185,136	176,506	166,981	160,506	158,867	155,940	154,002	151,697	148,746	143,910	139,079	134,382	129,314	125,922	122,181	118,571	115,022	112,349	108,278	104,221	101,046	97,623	96,390	95,373	92,601	90,162	87,648	85,691	86,865	87,493	87,975	87,728	86,178	84,653	0	0	0
Occupancy and equipment
35,279	34,497	33,232	32,415	31,897	30,734	29,775	28,361	27,259	26,631	26,398	26,066	25,949	25,979	25,843	26,110	26,099	25,483	21,338	21,864	22,165	22,718	27,030	26,490	25,663	24,875	24,195	23,775	23,694	23,837	23,684	23,710	23,613	23,599	24,000	24,007	24,267	24,261	23,805	23,382	0	0	0
Advertising and promotions
10,720	10,621	10,308	10,021	9,784	9,566	9,156	8,963	8,602	8,405	8,506	8,365	8,281	8,433	8,343	8,704	8,859	8,661	8,672	8,354	8,062	7,912	7,713	7,469	7,142	6,913	6,544	6,467	6,559	6,413	6,523	6,465	6,387	6,469	6,564	6,714	6,723	6,831	6,744	6,554	0	0	0
Data processing
18,782	17,392	16,371	15,657	15,836	15,911	15,930	15,825	14,993	14,150	13,277	13,612	14,141	14,390	14,305	13,033	12,066	11,244	14,827	13,589	12,650	11,387	6,415	6,175	4,956	4,493	3,759	3,328	3,303	3,324	3,284	3,223	3,226	3,153	3,156	3,166	3,136	3,057	3,035	2,965	0	0	0
Other real estate owned
1,078	1,105	760	3,268	3,288	3,221	3,334	1,477	1,708	1,909	3,608	3,006	2,778	2,895	1,330	2,162	3,325	3,693	4,075	3,630	2,819	2,568	3,970	4,417	6,819	7,196	8,471	13,795	13,026	18,964	28,290	29,115	31,978	27,255	17,206	19,663	21,974	22,193	22,227	14,893	0	0	0
Regulatory assessments and insurance
3,576	3,771	4,989	5,673	5,154	5,075	4,881	4,818	4,576	4,431	4,410	4,354	4,333	4,780	5,226	5,546	5,486	5,283	4,798	4,755	4,777	5,064	5,574	5,816	6,313	6,362	7,377	7,467	7,242	7,313	8,203	8,074	8,971	9,583	8,282	9,277	9,245	9,121	8,697	9,896	0	0	0
Loss on termination of hedging activities
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Core deposit intangibles amortization
9,324	8,485	7,650	7,025	6,908	6,270	5,153	4,058	2,949	2,494	2,488	2,625	2,774	2,970	3,120	3,063	3,030	2,964	2,922	2,894	2,832	2,811	2,812	2,813	2,625	2,401	2,175	2,014	2,044	2,110	2,176	2,243	2,298	2,473	2,674	2,876	3,087	3,180	3,180	3,141	0	0	0
Goodwill impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Other expenses
62,053	62,775	57,118	54,633	54,400	54,294	53,252	52,332	48,786	47,045	46,368	46,582	47,444	47,570	47,287	45,604	45,672	45,047	44,306	44,370	42,620	41,648	41,479	40,616	40,157	38,856	36,724	35,632	35,552	36,087	35,782	35,512	34,413	33,742	33,824	33,251	32,056	31,577	30,242	29,572	0	0	0
Total non-interest expense
384,025	374,927	361,551	333,705	329,330	320,127	306,617	292,340	275,854	265,571	263,922	260,550	259,702	258,714	254,200	248,132	243,616	236,757	230,252	225,378	218,106	212,679	210,015	206,145	201,953	195,317	190,291	190,101	187,810	193,421	200,543	238,663	238,693	232,124	222,730	186,447	188,463	187,948	184,108	175,056	0	0	0
Income Before Income Taxes
251,364	259,194	250,827	247,143	236,052	222,209	207,246	195,226	186,949	181,002	175,422	168,417	163,768	160,793	157,939	155,745	151,625	150,126	149,177	149,352	149,556	148,664	146,940	141,789	133,391	125,661	117,096	107,357	101,552	94,593	84,738	36,133	26,021	17,190	9,946	45,677	48,970	49,673	33,544	35,910	0	0	0
Federal and state income tax expense
46,613	48,650	48,094	46,684	43,601	40,331	60,011	60,848	63,268	64,625	42,960	41,477	40,064	39,662	38,341	37,490	34,486	33,999	34,504	34,999	35,861	35,909	35,693	34,208	31,785	30,017	27,240	23,685	21,601	19,077	15,632	5,519	2,502	-281	-2,770	4,468	6,425	7,343	2,338	3,497	0	0	0
Net Income
204,751	210,544	202,733	200,459	192,451	181,878	147,235	134,378	123,681	116,377	132,462	126,940	123,704	121,131	119,598	118,255	117,139	116,127	114,673	114,353	113,695	112,755	111,247	107,581	101,606	95,644	89,856	83,672	79,951	75,516	69,106	30,614	23,519	17,471	12,716	41,209	42,545	42,330	31,206	32,413	0	0	0
Basic earnings per share
0.46	0.63	0.57	0.61	0.58	0.59	0.58	0.53	0.48	0.19	0.47	0.43	0.41	0.41	0.40	0.40	0.38	0.39	0.39	0.39	0.37	0.37	0.40	0.38	0.36	0.36	0.35	0.31	0.29	0.29	0.27	0.26	0.23	0.20	-0.27	0.17	0.14	0.13	0.13	0.19	0.16	-0.03	0.17
Diluted earnings per share
0.46	0.62	0.57	0.61	0.58	0.59	0.58	0.52	0.48	0.19	0.47	0.43	0.41	0.41	0.40	0.40	0.38	0.39	0.39	0.39	0.37	0.37	0.40	0.38	0.36	0.36	0.35	0.31	0.29	0.29	0.27	0.26	0.23	0.20	-0.27	0.17	0.14	0.13	0.13	0.19	0.16	-0.03	0.17
Dividends declared per share
0.29	0.49	0.29	0.27	0.26	0.56	0.26	0.26	0.23	0.21	0.51	0.21	0.21	0.50	0.20	0.20	0.20	0.49	0.19	0.19	0.18	0.48	0.17	0.17	0.16	0.16	0.15	0.15	0.14	0.14	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13
Average outstanding shares - basic
93,287	92,350	90,294	85,826	84,549	84,572	84,518	84,514	80,808	78,027	78,004	77,546	76,572	76,528	76,288	76,170	76,126	75,900	75,531	75,530	75,206	75,031	74,631	74,467	74,437	74,375	73,945	72,480	71,965	71,937	71,933	71,928	71,915	71,915	71,915	71,915	71,915	72,040	71,915	71,913	62,763	61,519	61,515
Average outstanding shares - diluted
93,359	92,621	90,449	85,858	84,614	84,669	84,593	84,559	80,887	78,138	78,065	77,592	76,633	76,637	76,350	76,205	76,173	75,985	75,586	75,565	75,244	75,092	74,676	74,499	74,480	74,457	74,021	72,548	72,013	71,896	71,973	71,928	71,915	71,915	71,915	71,915	71,915	72,048	71,915	71,914	62,763	61,519	61,518