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Glacier Bancorp (Glacier Bancorp) Effective Interest Rate on Debt % : 14.51% (As of Dec. 2023)


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What is Glacier Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Glacier Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $428.2 Mil. Glacier Bancorp's average total debt for the quarter that ended in Dec. 2023 was $2,950.6 Mil. Therefore, Glacier Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.51%.


Glacier Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Glacier Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Glacier Bancorp Effective Interest Rate on Debt % Chart

Glacier Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.74 14.36 10.61 3.77 13.13

Glacier Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.91 9.68 13.28 14.51 16.99

Competitive Comparison of Glacier Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Glacier Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Glacier Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Glacier Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Glacier Bancorp's Effective Interest Rate on Debt % falls into.



Glacier Bancorp Effective Interest Rate on Debt % Calculation

Glacier Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -325.973/( (2010.075+2954.638)/ 2 )
=-1  *  -325.973/2482.3565
=13.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2010.075 + 0
=2010.075

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2954.638 + 0
=2954.638

Glacier Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -428.16/( (2946.655+2954.638)/ 2 )
=-1  *  -428.16/2950.6465
=14.51 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2946.655 + 0
=2946.655

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2954.638 + 0
=2954.638

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Glacier Bancorp  (NYSE:GBCI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Glacier Bancorp Effective Interest Rate on Debt % Related Terms

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Glacier Bancorp (Glacier Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
49 Commons Loop, Kalispell, MT, USA, 59901-2679
Glacier Bancorp Inc is a regional bank holding company providing commercial banking services to scores of communities through its wholly-owned bank subsidiary, Glacier Bank. The bank operates a multitude of banking offices in Montana, Idaho, Colorado, Utah, Washington, and Wyoming. The bank's wide range of products and services include deposit, loans, and mortgage origination services, among others. The bank primarily serves individuals, small- to medium-sized businesses, community organizations, and public entities. Glacier's strategy emphasizes both internal growth and growth through selective acquisitions. A majority of the bank's loan portfolio is in commercial real estate, while a majority of its net revenue is net interest income.
Executives
Don J. Chery officer: EXECUTIVE VICE PRESIDENT/CAO 49 COMMONS LOOP, KALISPELL MT 59901
Randall M Chesler officer: Glacier Bank President 49 COMMONS LOOP, KALISPELL MT 59901
Craig A Langel director 3819 STEPHENS AVENUE, MISSOULA MT 59801
Ron J Copher officer: EXECUTIVE VICE PRESIDENT/CFO
Jesus Thomas Espinoza director 49 COMMONS LOOP, KALISPELL MT 59901
David C Boyles director 49 COMMONS LOOP, KALISPELL MT 59901
Kristen Lee Heck director 49 COMMONS LOOP, KALISPELL MT 59901
Michael Burke Hormaechea director 49 COMMONS LOOP, KALISPELL MT 59901
Cashell Robert A. Jr director 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Sherry Leigh Cladouhos director 49 COMMONS LOOP, KALISPELL MT 59901
John W Murdoch director 217 RIDGE TRAIL, BOZEMAN MT 59715
James M English director P.O. BOX 2875, HAYDEN ID 83835
Michael J Blodnick director, officer: PRESIDENT/CEO
George R Sutton director 49 COMMONS LOOP, KALISPELL MT 59901
Douglas J Mcbride director 49 COMMONS LOOP, KALISPELL MT 59901

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