Glacier Bancorp, Inc. (GBCI) Financial Statements (2024 and earlier)

Company Profile

Business Address 49 COMMONS LOOP
KALISPELL, MT 59901
State of Incorp. MT
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments401,995437,686633,142330,961203,790200,004
Cash and cash equivalents401,995437,686633,142330,961203,790200,004
Financing receivable, accrued interest, after allowance for credit loss   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss   
Total current assets:401,995437,686633,142330,961203,790200,004
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization27,4945,4795,726 
Operating lease, right-of-use asset43,55144,69946,820 
Property, plant and equipment 327,055322,419272,789310,309241,528177,348
Intangible assets, net (including goodwill)1,026,9941,037,652569,522519,704338,828191,995
Goodwill985,393985,393514,013456,418289,586177,811
Intangible assets, net (excluding goodwill)41,60152,25955,50963,28649,24214,184
Deferred income tax assets193,18727,693  
Amortization method qualified affordable housing project investments      
Total noncurrent assets:1,618,2811,437,942894,857830,013580,356369,343
Other undisclosed assets24,615,09924,065,01716,976,20712,523,02511,331,3389,137,002
TOTAL ASSETS:26,635,37525,940,64518,504,20613,683,99912,115,4849,706,349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt949,9031,020,9121,004,692601,316682,082563,521
Total current liabilities:949,9031,020,9121,004,692601,316682,082563,521
Noncurrent Liabilities
Long-term debt and lease obligation24,21752,10952,434 97181
Capital lease obligations97181
Finance lease, liability24,2175,6635,782 
Liabilities, other than long-term debt43,586 23,86027,93711,48427,831
Deferred income tax liabilities   23,860 
Operating lease, liability43,58646,44646,652 
Qualified affordable housing project investments, commitment    27,93711,48427,831
Total noncurrent liabilities:67,80398,55576,29427,93711,58128,012
Other undisclosed liabilities22,774,36421,643,55615,116,17911,094,0139,905,9677,915,759
Total liabilities:23,792,07022,763,02316,197,16511,723,26610,599,6308,507,292
Equity
Equity, attributable to parent, including:2,843,3053,177,6222,307,0411,960,7331,515,8541,199,057
Additional paid in capital2,344,0052,338,8141,495,0531,378,5341,051,253797,997
Accumulated other comprehensive income (loss)(468,792)27,359143,09040,226(9,427)(1,979)
Retained earnings966,984810,342667,944541,050473,183402,259
Other undisclosed equity, attributable to parent1,1081,107954923845780
Total equity:2,843,3053,177,6222,307,0411,960,7331,515,8541,199,057
TOTAL LIABILITIES AND EQUITY:26,635,37525,940,64518,504,20613,683,99912,115,4849,706,349

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues681,257621,400628,037509,152408,518394,910
Gain on disposition of assets for financial service operations20,65262,425100,58948,47926,021
Net investment income660,605558,975527,448460,673382,497293,054
Financial services revenue101,856
Cost of revenue(19,963)(23,076)(39,765)(57)(9,953)(10,824)
Provision for loan, lease, and other losses(19,963)(23,076)(39,765)(57)(9,953)
Financial services costs(10,824)
Gross profit:661,294598,324588,272509,095398,565384,086
Operating expenses(129,954)(112,197)(105,154)(95,911)(84,566)(227,143)
Other operating income, net
(Noninterest Income, Other Operating Income)
12,60611,04012,4319,04811,11110,383
Operating income:543,946497,167495,549422,232325,110167,326
Interest and debt expense(41,261)(18,558)(27,315)(42,773)(35,531)(29,864)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (140,194)(120,265)(67,370)43,540
Income from continuing operations before equity method investments, income taxes:502,685478,609328,040259,194222,209181,002
Other undisclosed loss from continuing operations before income taxes(132,405)(129,171)    
Income from continuing operations before income taxes:370,280349,438328,040259,194222,209181,002
Income tax expense(67,078)(64,681)(61,640)(48,650)(40,331)(64,625)
Income from continuing operations:303,202284,757266,400210,544181,878116,377
Income before gain (loss) on sale of properties:284,757266,400210,544181,878116,377
Net income available to common stockholders, diluted:303,202284,757266,400210,544181,878116,377

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:303,202284,757266,400210,544181,878116,377
Other comprehensive income (loss)(496,151)(115,731)102,86449,653(7,448)5,754
Comprehensive income (loss), net of tax, attributable to parent:(192,949)169,026369,264260,197174,430122,131

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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