GBCI - Earnings call transcript Q4 2019

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Operator

Ladies and gentlemen, thank you for standing by, and welcome to Glacier Bancorp Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. [Operator Instructions]

the Bancorp, to President hand Randy speaker now Glacier Chesler, and would conference your over today, I CEO.

Randy Chesler

All right. Thank you, Carmen.

Treasurer. and Byron in Chief Tom Chief is our Chief morning, With Credit our Chief Financial Officer; good thank Officer; Pollan, Angela joining Chery, Administrator; for Credit So Dose, Officer; us Officer; me Don here Deputy Copher, Barry Kalispell Dolan, Ron morning Accounting our our Administrative this and our Chief you today. Johnston, our

me all enjoying and winter our Let you we hope year months. released today thank joining us full first for we results. and you're these fourth XXXX all quarter Yesterday,

Our pricing a a in environment. job great a and building great with competitive fair, divisions but pricing. think prudent did margin full did also job deposits holding I loan our They

any X% XX% deposits grew also $XXX to grow core We were the non-interest million, over million acquisitions. year, the continue $XXX up XXXX, we which including current deposits, year of our or and in or not

the with points percentage for XX%. million $XX a level over as Non-interest -- XX% of notably, assets decade. with down the the at of Non-performing year for or almost most deposits, lowest XXXX. ended non-performing assets We at at to year, And deposits basis the these a up from credit. assets of represent divisions XX an excellent end continue were do job us now the core XX% in

This used on be and loan with XXXX money and at in attributed risk is competition of little larger shortfall center occasional sub-market off often for the in compensate that debt, pay light used X% expectations growth. return XXXX to excess consumer loans the primarily X% are We our adequate view. our up to doesn't bank loan on can be that for for to pricing quarter -- versus liquidity cooling a growth the and organically year beginning

Glacier result as growth growth XXXX find markets believe in see into And excess loan to XXXX, of are strong expect as way optimistic that the X% a liquidity will we we in and about investment. to X%. its are for rate a We business more

once team delivered in XXXX. Glacier The results again impressive

across a Glacier XX job. our eight and XX. And in their states top Forbes now terrific serving staff us, having published did west agrees senior the the U.S. ranking the banks top Our putting and with divisions just in of

over the Net income quarter for $XX.X acquisition-related the year $X.X and million, the quarter, current expenses million the million, quarter fourth applied acquisition-related in increase XX% $X.X expenses million Without an reduction million. $X.X was fourth have of from period including or the prior the increase year of assessments of regulatory by would prior FDIC, or XX%. been $X.X benefit million, a net $XX.X income an of

including increase $XXX of income acquisition-related quarter, full a milestone prior that year $X.XX. over Crossing income XX% expenses. the million, year full for year. to a mark basis, at a fourth That's million X% achieved $XXX On quarter were share Diluted basis the earnings on was great year-end. over per be a an was increase prior net the year

XX% On share basis, year. $X.XX, from year increase a an prior full of were earnings per the

the For points, X% basis to a balances XX million flat $X.X the core organically $XX year billion. full $XXX million. essentially quarter, or loan were or decreasing basis, On portfolio organic loan grew

basis X% XX a grew deposits were year basis, billion. to quarter the for full balances essentially $XXX as million. $XX.X points million or deposit On $XX.X flat Core well, declining or core

quarter increased That's the the from year from basis the from up per full Return $X.XX at quarter $X.XX and prior points value per five year. a share of ago. on XXXX. was XX.XX for book assets increased end share X.XX Tangible X.XX share for and per quarter

$X.XX of XX%. which was full And increased and year, share regular equity per share, full quarterly declared the over dividends. tangible $X.XX a consecutive year, or increase per regular million $XXX in for declared XXXth dividends the our XX% For dividend prior we dividend regular a year's

We the special share, declared. was also XXth special of dividend which dividend $X.XX declared per a

record with of the combined regulatory to and transactions Nevada February. of totaling acquisitions Bank Arizona received a and of Bank for in State too. billion combined We've with assets end We of year billion. of approvals closed announced was with $XXX $X First Bank million Layton, at close XXXX of three excess $X.X Heritage have National already assets all assets

four already the the division Bank the National was of of were Bank as now converted quarter branches system Layton Utah to First fourth Utah named -- well. in First processing Community in over Glacier and core to our added

to expect of Bank XXXX. Heritage first in and Bank half State We the convert of Arizona

seven key quarter and the points end of the credit the prior Early from fourth almost loan delinquencies board, down basis strength in categories reflecting our the basis XX decrease ratios at prior percentage all a across of stage points year a Our improved the the quality quarter XX of of quarter. from as portfolio. loans basis points, were fourth

points, than $X.X and Net as quarter. fourth compared of year subsidiary points fourth is percentage the $X non-performing the million were prior a quarter to charge-offs XX the quarter than the most a basis end fourth lower XX assets the points for of notably, quarter prior year in lower were the XX million, which quarter ago. basis assets And basis at

through the of amount a divisions of of job, and to resolution. prior number end to difficult the work XX% to take At fourth the bring A Chief credits. $XX.X or of quarter, their years from NPAs an $XX.X million, continue Credit million, our excellent quarter. decrease of working a Many these dollar Officers were do the

very end reflects outlook quarter fourth Provision in and year continued positive in the quarter percentage loan our loan of loans quarter as this for down was for our zero the portfolio lease was prior -- which down at allowance the the from basis from and end XX ago. current of losses points is outstanding and total The basis a a quarter on losses, quarter, point X.XX%, the this markets. X

We're in expect XX-K impact on nearly on February. part reserves a reserves anticipate range CECL loss CECL don't impact and preparation we loss we'll have company. the material complete of our to of a We with our our disclose as loan loan the

Compared of basis the to also due costs declined cost year down basis strategy to points increase in announced The XX. resulted from XX was funding points XX quarter, to the basis ago, quarter we sheet for points, third due and borrowing deposits. the cost a points lower-cost of unwind basis which to X in quarter, of balance funding the prior in XX the in to from lower current due swaps our the

deposits prior points prior quarter basis up and primarily current with million, XX.XX%, the down interest the our year and million, $X.X And core ended the cost stable basis ratio expense The was quarter, sheet strategy. of the quarter XX% was The X XX the at a to quarter XX.XX% or loan-to-deposit $X.X end we current year. from balance of up the points in quarter slightly of was which prior from from end year. at due third the the was prior of the

XX% and prior million increases organic to attributable which which quarter to was increased income commercial loans, million Both or quarter. an over primarily increase for or the and from up $X interest increased was quarter significantly year acquisitions million, prior growth. income the were due interest in X% the $XX.X fourth $XXX from Net

X.XX% was from points which margin earning or X.XX% prior compared basis million X X prior for the $X up points from million interest points core in accretion quarter X.XX% quarter, interest, to XX the in of the -- from Net $X X.XX% margin discount quarter X fourth up and assets, interest quarter. prior basis year-end. basis the prior or is non-accrual year fourth over and excluding prior and for was quarter eight basis The increased the was points basis from the net points

strength and to be We margin. in resilience see very to our pleased continue margin

decrease quarter, million, the $XX,XXX our quarter on year. totaled as was relatively to XXXX, $XX.X Noninterest slight levels the a on current it was or current the a core -- see which rate downward quarter. a decrease for And the XX% last bias the for margin same interest interest We margin $XX.X with a in same of is last around band based and of operating environment. tight view income million quarter over prior compared the

The purchase prior quarter, we third markets quarter, the in a implemented strength had one-time and residential to in due billion year our quarter. million, In on strategy increased compared third activity. XX% in to XXXX, of $XX.X durability sheet $X.X balance mortgage the the our gain business sale we in mortgage billion In to strong. of of funded refinance remains and $X.X business XXXX. fourth increased or $X.X the over million of Gain $XX.X due the million loans residential

the good another business expect We year XXXX. for in mortgage

quarter, due hedging prior third was XX% of the prior decreased Noninterest Bank or related million was Heritage on quarter fourth activities the acquisition. the The over loss the quarter. from million the from $XX.X $XX.X to million primarily by prior $XX.X or expense increased stock compensation $XX.X million, the for and one-time quarter $X to XX% employee prior $X.X the accelerated million and XX% which or million benefits specific termination expense Compensation decreased quarter quarter. year's totaling to

credits We're by here and $X.X the insurance million decreased the $X.X just assessments year area meaningful a applied small prior credits as bank credit the and don't of out during Regulatory expect of see result in quarter about forward. fourth going from quarter. this the a million assessment to FDIC

expenses. prior the $X from The rate or stable the driven by prior acquisition-related in and to from Other year. the the fourth $XX.X prior was XXXX XX% in million compared was Tax an for was X% or XX% of million, increase million increased to expenses quarter quarter. the tax year increase compared expense for $XX.X an primarily quarter and effective XX% quarter of prior $XXX,XXX

increased over of expenses The current XX.XX%, XX interest in of efficiency the fourth year ratio the Amendment, ratio increase outpaced a quarter XX.X%, acquisitions and increase being impact Durbin driven by subject net which the income. prior point efficiency from operating basis the quarter to was

was The the for ratio year efficiency XX.XX%.

basis represents of points expense the the six the loss removing full would penalties, million the Home Heritage efficiency Bank, $X.X related million on have rate Federal write-off slight quarter to Bank when advance, interest accelerated increase XXXX. of swaps, termination events of compensation efficiency acquisition of remaining the the which third XX.XX% However, unamortized year one-time from stock including ratio been of million the in impact of the of XX.XX%, the $XX $X.X a Loan ratio

once ratio We again to track full XXXX are efficiency year on between XX% meet of in XX%. and the target

full year XXXX quarter company. excellent So, by represents another fourth the the and performance

best. as would I commitment like market-leading and Our senior to their continue staff drive our results to them be and XX across the produce for as well our states thank and their teams division eight Presidents all to

I'd the And remarks. formal now like my have. open ends any may questions Carmen for that That you to line

Operator

you, And Thank [Operator ahead, question Posen first with Please sir. Instructions] our Levi. from D.A. Davidson. go Levi is

Levi Posen

morning. Good Hi.

Randy Chesler

morning. Good

Levi Posen

Rulis. This is Levi for Jeff on

Randy Chesler

Good Yes. morning.

Levi Posen

to wanted credit. about ask I

was You improvements wondering create made to there lower that this there larger kind I that together promising balance? segments in just moved was kind NPA of of quarter. any or just if anything

Randy Chesler

Yeah. very No, as performance. we're very, credit very noted, the with happy -- I

it increasing. NPA that we to level see As relates going forward, don't

staying opportunities about but for looking And same much in we to that it's that So, level. of we’ll it, to future. foreseeable always we're the I don't -- expect think improve change course,

Levi Posen

months. little just three XX pretty XXXX at where deals here, Okay. point a closed high there's bit into that soon a talk heading have be Thanks. the Also, you'll to last in level

of shift relates to and kind of allocate or on being change strategic you're as of kind it strategy or where deployment Just focus direction? side other to focus capital the have on in able that any

Randy Chesler

strategy to it M&A, our relates as all. and changed focus at No, hasn't

year a three in a we had the record that XXXX transactions record with year us. announced $X so we over was So, for in billion that assets,

those all for were A lot strategic -- three very those us. transactions,

that think that. a about you gave very in Utah one us in if in pleased years, for the country platform That's division So, that really with fastest-growing our state. states of the we're acquisition so

country now very I in state. in the think, very a core Heritage a franchise much. growth pretty deal the and platform one Reno, like will prospects terrific a And the us a of markets us strong our acquisition Arizona really cover a very, top-performing much announced very bank, all Bank community the positions banks in solid well, gave of in with we in with that very, state, where market, Our in the

going that with very to and happy So, forward. of to going we're look those, more do

Levi Posen

Okay. had. Thank I you. That's all

back. I'll So sit Thanks.

Randy Chesler

Yeah. All right.

You’re welcome.

Operator

next And Young Please question from Michael comes Thank you. with go our SunTrust. ahead.

Michael Young

morning, everyone. Hey, good

Randy Chesler

Good morning, Michael.

Michael Young

Randy, I outlook. start with loan wanted to the growth maybe

also, have of specific if of from give downs maybe I specificity size that's just you larger or now, that? overall to could the that You the help recently? acquisitions could any mentioned was made understand, of you been market the balance any curious any from cooling, if some if either and sheet coming And geographic pay us

Randy Chesler

to quite that's I we've a So little think, been that the just to and, -- But, about the that that pretty on I'm growth, because fill ask he -- a I no talking a going in we've slowdown. bit. think, good a seeing has on we're think, Barry of I that Market across cooling, operating sign pace. been been board

increased. that in immediate think, customers a just there's next than the that past, the And are and the has properties, for -- been core there's cautious. I transaction, sales some as pricing of looking has little less but there of our been the opportunity more

want have So, anything Barry, did to add? you you

Barry Johnston

Yes.

we year. projected this coming I X% underneath think, year, just the X%. We're for

had one is other those quarters to some quarter. quarter really quarters. due we soft Understandably, always the in a relationship of seasonality weather, fourth our fourth So that, probably to is soft

looking for I think, little level. any around looking see But X%, production system; a in any today. of we're schedule north area produce a basis year, fairly that's one seeing the concentration of we what in don't sit lot next I that's that, a on we're we're a going to just as based at, to across that on But maybe area the growth, going generate or point-to-point

have they historically. balance We look transactions the those larger bringing, they for advantage sheet, have always than do but acquisitions, new a at of bigger can

before, community they sold, But try we they've As products advantage used type we advantage of growth to I looking to And between at year. next and we're expertise, of a it's X% some take and bring think, haven't take that. try repurchase participations take for to and advantage that, product of of they that that. other bank, some small X% that -- can that going overall, some

Michael Young

that on, past more hotels that the in areas think, Okay. very you're were kind know, pause closely? And of an been pressing I had in multifamily any shift I or you robustly. watching and growing not area

Just there. update any

Barry Johnston

part, markets of those look would on Yeah. or multifamily, product look We in to government took several out or that that take on guarantee. exception properties, and ago at those in we with to enhancing given the a were product. basis or participate determined product But certain that trend a either enhance still at looking dollars type maybe respective we any had anticipate at And participating that. we're the dollars lines and continuing guarantee the concentrations two years as basis of an absolute some are we that it most we basically government In we and fee. generate all will hotel we out percentage underwriting still for additional and servicing going hospitality look strengthening, with

Michael Young

And for me. last one

look of this growth at that. Should growth of, kind to wanted outpace expect growth, also deposit year? loan I the maybe opposite to you build the maybe loan mentioned, liquidity we Randy, consumer potentially hurting Just that but was and side

Randy Chesler

things was the talking I think consumer, we'll I but liquidation. business of driving see some That's go. liquidity more about what's where both excess business that the side. When on and

standpoint, of that health a Just not balance so off sheets health will they're of from great much -- uptick I based down customers, a deciding some of that We're which People balance standpoint that on to But such so loans. is pretty thing flush. a sheet that from good to the pay making excess the continue. able an a debt. are think just in the decisions, seeing pay thing

in would a we that expect saw I deposits, performance XXXX similar XXXX. pretty in as think much I

Michael Young

me. for all That's Thanks. Okay.

Randy Chesler

Yeah.

You bet.

Operator

Thank with you. next Matthew question ahead. Piper go from our Sandler. Clark Please comes And

Matthew Clark

morning. Good

Randy Chesler

Matthew. morning, Good

Matthew Clark

Maybe in we start and on could just payoffs pipeline. production the

Just and wondered quarter, a to then you the how relative And much this maybe payoffs quarter? compared production in size the that had ago? year the way of last of how pipeline to

Barry Johnston

the there looked close other is we softer definitely have it always relatively there. The seasonality at to was we When was some been. to the where projection fourth in regards than numbers, quarter quarters. But

you in balance single-family look we the which sense. construction at residential was our sheet, down, entered months, makes winter As

lines You operating of of industrial paving those got construction. street but heavy and driven equipment, are commercial all where off lines

have the and as We to we're there. get downs fourth decrease some Agriculture pay going in always quarters. third

first little probably into So bit that the continues quarter. a

overall production unique. reasonable was that But really where something we saw

We have a dozen or so fairly large paydowns.

were municipal Freddie were some companies credit long-term out insurance of with or properties those pretty Fannie were that some refinanced on term financing loans and bonds. low housing Some HUD the we properties -- constructed income being that financing either financing back taken tax and have and on life into we're on by

so side. a have payoff was then paid side, with lot challenges It production repaid there those as of and be loan So, every again, programmed. is that But much to the scores. wasn't made were the we those

Matthew Clark

Okay. And demand to year this then just how might and impact your on for the speak that expenses, year? growth can expense you tech spending

Randy Chesler

I on revenue have with spending our growth. in to that commensurate phased we're tech very Yes, think cautious

So, efficiency I you'll look XX%, that back see that to that we XX% think in think, the don't change a to there. I see continue range, given that at year. this ratio I

Matthew Clark

XX% is to And charges merger or include no? that XX%

Randy Chesler

Yes.

Matthew Clark

Okay.

me. from it that’s Okay, Thanks.

Randy Chesler

bet. You

Operator

is question Thank ahead. KBW. Wooten our go Luke you. And from next Please with

Luke Wooten

morning guys. Hi, good

Randy Chesler

morning. Good

Luke Wooten

with housekeeping just start things. wanted to some I

expense line on items. the Just

million, it The out other still little bit merger of the expense after backing seems expenses $X.X high. a

million from personnel increased that XQ was to little just I think just level that? kind a clarity -- kind get didn't and year. from to wanted I of there of it's up if didn't a -- excess XQ due or I last just spend $X similar know was the on

Ron Copher

Luke. This is Ron,

we here, more up on rate than into quarter. fourth got think in we've what first the that quarter may X%. the the really the continue no So, It be looking I -- have will at run

look taking how it, but-- at a we're So, that's

Randy Chesler

talking You're total.

Ron Copher

Total, yes.

Randy Chesler

to small an The Total as things. then I was Ron going said, overall relates was that bulk But think raise X% of in other And it to normalize fees consulting some and back are first charges some and -- total in acquisition-related. other, quarter. around kind down other of up. of you're going some there, see the there that that's expense somewhere

Ron Copher

of because State expenses Arizona. Bank closing Yes, related acquisition to some include of will the that of

Luke Wooten

or XQ muted Okay, to on line, then FDIC just the continuing to be should still from that's next of that levels kind quarter credit? just expense going of that to like somewhat And the that credit, we helpful. expect type return is

Randy Chesler

not left credits many really There's there.

it's go to going normalized a So, back to level.

Luke Wooten

helpful. wrong, me I'm seasonally that's definitely payroll to Okay, for if And correct just usually higher XQ but is total due expenses?

Randy Chesler

exactly. Yes,

Luke Wooten

we And then those just just on sale partially looking should of on due gain or Is platforms the is of growth lot next kind in line lines, that year of organic really that? kind income acquisitions a this model year. acquiring of of the fee some how growth that for kind to just

Randy Chesler

No, to been a because in buying us the the mortgage for continue increase have we're business. the acquisitions nice have been not business, to very our banks way typically

able we're so, to into production amount by the mortgage of bringing business. folks increase And those the

nice for us So well. that's add as been a

The activity across our strong. markets has just been very

taking a we're positioned And been so, positive. very bit our communities, of still advantage we're well markets, the so to serve there's of many of housing, a that's of that. so shortage In

a a base it's very of strong fundamental business. So

and result that haven't then these when new bringing banks -- on, And in acquisitions grow haven’t the able new because a the is and reasons of we're of the been markets -- to one that business. level as it we're maintain

lot mortgage So, with Utah, a a we're market potential. great with in there, up for our example, gearing of operation

the and but in been -- business, Reno, bring products more they we're them to going services. they've were

We're some of think and has there healthy about we very flip excited going it their we're good mortgage take there. So Arizona business. got opportunity to of grow actually there's of but a advantage State to experience, around Bank that.

core provided helps So, a that grow been the a already our what's underpinning it. M&A to has nice business continue but across to good markets,

Luke Wooten

Thanks. Okay. That's helpful. really

to of kind that in up, I like that seasonal seem just of seasonal seems kind the larger But capacity. production should just trend kind trends. obviously, like, it mean, due of due it's to line So should it item,

Randy Chesler

I that like XXXX. said funded much, to pretty comments; we funded about about somewhere billion in We're $X.X $X.X my be XXXX. for range. We calling in we're in expecting Well, billion in XXXX

Luke Wooten

for And was just helpful. increase rate definitely Was to That's the the of the pay-down given in kind that were of wanted market? play, just then, then margin in Okay. quickly. seeing Or the those a wholesale kind unrelated? balances, and what just to the deposits switch you're FHLB

Randy Chesler

big we Home the Federal really Loan Well, we third the unrelated. pay-down Bank balance and swaps got the of had significantly. did quarter, strategy, rid and quite I sheet move the the mean, we in where

probably you're think point-to-point a that's looking I at a point, measure.

Loan that the for If Bank, almost be half the Federal you average it Home look would at number.

to current kind stays kind see, So, kind in forward, I current in think, staying of talking range the you're growth of assuming range. that going that in about, we're -- of going if that -- loan

Luke Wooten

And then, helpful. just That's Okay. lastly for me.

the an on bit about mind you effect On your you significance the the know, opening if the net adverse a bit talking banks on kind XXXX? that large moving the on mentioned loan And Do downstream of little to just of but loans, -- little comments, growth what is that in kind -- more? -- having I in is a the just growth. it

Randy Chesler

it's overall, that's relatively say, just observing really where It $XX I more something come what anecdotal. been hasn't it. they We're would I call new, million. Yes. down below been significant. And would

They on don't are have really compensate So there. put funds a money it large themselves to center they We banks think really some these cost for the and In credits. cases to of that and some these the compete comes return down borrower. of risk. try out they

working with all saw of not bank, versus community And long-term to in seems money And customers an the to The the we've have appetite-driven. it, but because -- that see seen customers it a tend be understand noted we that. uptick the center relationship bank value it. we

business, can't had sheet. to a down more but see don't end going material driven need to tactically it them Don't in some driven try it if on off. totals, try move take balance swoop and So their to to expect know to decide I think they come own they there, that. do growth market they're less by continue quarter to and don't we to as I they their the say, to, loan more get expect it's I believe to business, top probably and impact build strategic the to do occasionally by their need

Luke Wooten

really all That's questions me. taking. you And that's for Thank helpful. the for

Randy Chesler

You bet.

Operator

Instructions] [Operator McGuire next you. go Thank our from Please And with ahead. Stephens. is Gordon question

Gordon McGuire

morning. Good

Randy Chesler

Good morning, Gordon.

Gordon McGuire

hopped or late, so CECL? State So I will addressed on I hope in earlier. provisioning first related quarter, this the wasn't be closing one-time earlier there With any asked to Bank

Randy Chesler

that's So, of transaction be spending yeah, obviously something this a will our under since we've with first been closed CECL. lot time

to ask to So, He's at this closely. that. looking been on going I'm Ron, just comment

Ron Copher

Right.

So we're issue. count impact aware double CECL the

continuing are look the the portfolio right performing now, who we're And it. technical the judge for what those to loans at so non-PCB of to side are into

that. And we're still working through so

And some that we'll go yeah, through that be in press P&L, but release. will isolate provision. additional will the So there

Gordon McGuire

two levels releasing day the on just your rate where think we relative year CECL just were you then And provisioning this How provisioning are should basis. to reserve? Okay. about provisioning a run

Ron Copher

Right.

So, pretty far remarks down his Randy we are in what the path. is formal said

results accounting the to on-site given of have firm what our now. doing we're We external

at where around but XXst a are And release it. our given we'll released February XX-K, which probably that's looking somewhere to don't provide so auditors range, want in be number the the will yet

Gordon McGuire

Okay.

provide as a impact? range provisioning well day one So will the as XX-K a

Ron Copher

Yeah.

will implementation will capital that Randy big some expect increase they're it the to not be impact, But the increase. expecting we're adopting bad affect given extent big that there said, a reserve. our a as in -- debt see You'll we

Randy Chesler

until of the -- close first February, the Gordon, to Yeah. see going the that impact that we're results, quarterly right? release you State end Bank quarter because day one Arizona, The won't we of at

Gordon McGuire

you Okay. for I the with But guess misunderstood. provisioning I Will range right. provide year a next maybe XX-K? Right,

Ron Copher

Yes.

Randy Chesler

Yes.

Gordon McGuire

I That's you. Thank had. okay. all Okay,

Operator

remarks. any further like the Thank the Chesler And to final queue. I'm in turn Randy you. back call showing for to I not any questions would

Randy Chesler

we Great. great today you, hope dialing you your for questions. day Those Well and to all we we We season. -- you earnings a thank do a a are Carmen. and have in thank guys appreciate busy And have want you fantastic weekend. know

thank So, you.

Operator

Ladies you. concludes today's gentlemen, and Thank call. conference for you Thank participating. this

now disconnect. You may

Glacier Bancorp (GBCI) 24 Jan 202019 Q4 Earnings call transcript