© Reuters.
Glacier Bancorp (NYSE:) delivered robust fourth-quarter financial results, showcasing a steady rise in earnings per share and net income. The bank’s earnings per share increased to $0.49, marking a $0.02 rise from the previous quarter, while net income grew by 4% to $54.3 million.
Despite a slight dip in net interest margin, the bank saw an uptick in interest income and loan yields. The acquisition of Wheatland Bank received regulatory approval, positioning Glacier Bancorp for continued growth in 2024.
Key Takeaways
- Earnings per share rose to $0.49, up $0.02 from the prior quarter.
- Net income increased by 4% to $54.3 million.
- Interest income climbed by $8.6 million, or 3%.
- Net interest margin experienced a minor decrease to 2.56%.
- Non-performing assets fell by 39%, and net charge-offs were only six basis points.
- The company declared a quarterly dividend of $0.33 per…
