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Glacier Bancorp , Inc. glacierbancorp.com/news-market-information/press-releases/news-details/2021/Glacier-Bancorp-Inc.-Announces-Results-for-the-Quarter-and-Period-Ended-June-30 2021 / default.aspx GLACIER BANCORP , INC . Montana , Idaho , Utah , Washington , Wyoming , Colorado , Arizona & Nevada Glacier Bancorp , Inc. Announces Results for the Quarter and Period Ended June 30 , 2021 Company Release - 7/22/2021 4:30 PM ET 2nd Quarter 2021 Highlights : • Net income of $ 77.6 million , an increase of $ 14.2 million , or 22 percent , over the prior year second quarter net income of $ 63.4 million . • Diluted earnings per share of $ 0.81 , an increase of 23 percent from the prior year second quarter diluted earnings per share of $ 0.66 . • Total assets crossed $ 20 billion during the current quarter ending at $ 20.488 billion at June 30 , 2021 . • The loan portfolio , excluding the Payroll Protection Program ( " PPP ” ) loans , increased $ 249 million , or 10 percent annualized , in the current quarter . • Core deposits increased $ 669 million , or 17 percent annualized , during the current quarter . Early stage delinquencies ( accruing loans 30-89 days past due ) of $ 12.1 million at June 30 , 2021 decreased $ 32.5 million from the prior quarter and decreased $ 13.1 million from the prior year second quarter . • An improved economic outlook drove a credit loss benefit of $ 5.7 million in the current quarter . • The Company funded 1,947 new PPP loans for $ 67.6 million during the current quarter . • The Company received $ 350 million in PPP loan forgiveness from the U.S. Small Business Administration ( " SBA " ) during the current quarter . • Declared a quarterly dividend of $ 0.32 per share , an increase of $ 0.01 per share , or 3 percent , over the prior quarter regular dividend . The Company has declared 145 consecutive quarterly dividends and has increased the dividend 48 times . The Company announced the signing of definitive agreement to acquire Altabancorp , the parent company of Altabank , a community bank based in American Fork , Utah , with total assets of $ 3.522 billion . Altabank , was recently honored with the prestigious Utah Best of State Bank Award in the Community Banking category which marked its second consecutive year for receiving the award . This will be the largest Bank acquisition in the Company's history and its 24th acquisition since 2000 . First Half 2021 Highlights : • Net income of $ 158 million for the first half of 2021 , an increase of $ 51.6 million , or 48 percent , over the prior year first half of 2020 net income of $ 107 million . • Diluted earnings per share of $ 1.66 , an increase of 47 percent from the prior year first six months diluted earnings per share of $ 1.13 . • The loan portfolio , excluding the PPP loans , increased $ 330 million , or 6 percent annualized , in the first half of 2021 . • Core deposits increased $ 1.975 billion , or 27 percent annualized , during the first six months of 2021 . • The Company funded 8,525 PPP loans in the amount of $ 555 million during the first half of 2021 . The Company received $ 776 million in PPP loan forgiveness from the U.S. Small Business Administration ( " SBA " ) during the first half of 2021 . • Dividends declared in the first half of 2021 of $ 0.63 per share , an increase of $ 0.05 per share , or 9 percent , over the prior year dividends of $ 0.58 per share . Financial Summary ( Dollars in thousands , except per share and market data ) Operating results Net income Basic earnings per share Diluted earnings per share Dividends declared per share Market value per share Closing High Low At or for the Three Months ended Jun 30 , 2021 $ 77,627 $ 0.81 $ 0.81 $ 0.32 $ 55.08 $ 63.05 $ 52.99 Mar 31 , 2021 80,802 0.85 0.85 0.31 57.08 67.35 44.55 Jun 30 , 2020 63,444 0.67 0.66 0.29 35.29 46.54 30.30 At or for the Six Months ended Jun 30 , 2021 158,429 1.66 1.66 0.63 55.08 67.35 44.55 Jun 30 , 2020 106,783 1.13 1.13 0.58 35.29 46.54 26.66 1/20