Glacier Bancorp, Inc.
0.0 %
28.97 %
Yet to be announced
Company Overview
Glacier Bancorp, Inc. provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans. It has 224 locations, including 188 branches and 36 loan or administration offices.
Revenue Sources
As a bank, Glacier Bancorp's primary business model revolves around interest-based lending and borrowing, which is considered haram in Islamic finance. The financial data shows that interest income constitutes the majority of the company's total revenue across all quarters analyzed.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $214.94m | $109.35m | $180.23m | $109.35m | 83.85% | 100.00% |
| June 30, 2024 | $198.68m | $107.36m | $166.48m | $107.36m | 83.79% | 100.00% |
| March 31, 2024 | $196.47m | $112.92m | $166.48m | $112.92m | 84.74% | 100.00% |
| Dec. 31, 2023 | $197.32m | $107.04m | $166.46m | $107.04m | 84.36% | 100.00% |
Analysis of the last four quarters shows that interest-related activities are core to Glacier Bancorp's business model. Interest income represents between 83-84% of total revenue consistently across all quarters. Interest expense represents between 54-57% of total expenses across all quarters. These ratios clearly indicate that interest is material to the company's operations.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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