Glacier Bancorp, Inc. (NYSE:GBCI) Q2 2023 Earnings Conference Call July 21, 2023 11:00 AM ET
Company Participants
Randy Chesler - President and Chief Executive Officer
Byron Pollan - Treasurer
Ron Copher - Chief Financial Officer
Tom Dolan - Chief Credit Administrator
Conference Call Participants
Jeff Rulis - D.A. Davidson
Matthew Clark - Piper Sandler
David Feaster - Raymond James
Andrew Terrell - Stephens Inc.
Brandon King - Truist Securities
Kelly Motta - KBW
Tim Coffey - Janney Montgomery Scott
Operator
Good day and thank you for standing by. Welcome to the Glacier Bancorp Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Randy Chesler, President and CEO of Glacier Bancorp. Please go ahead.
Randy Chesler
All right, thank you, Kevin, and good morning, and thank you for joining us today. With me here in Kalispell this morning is Ron Copher, our Chief Financial Officer; Don Chery, our Chief Administrative Officer; Angela Dose, our Chief Accounting Officer; Byron Pollan, our Treasurer; and Tom Dolan, our Chief Credit Administrator.
I'd like to point out that the discussion today is subject to the same forward-looking considerations found on page 12 of our press release and we encourage you to review this section.
We remain very optimistic about the long-term position of the company, despite the lingering headwinds impacting the banking industry today. The eight Western States in which we have a presence are among the strongest economies in the U.S. We have ample liquidity, a high quality loan portfolio, a proven banking model, and M&A expertise that is well positioned to take advantage of the market when conditions are right.
Four of our eight Western States, Idaho, Montana, Arizona, and Utah were in the top 10 states for highest net in migration according to street.com's analysis of Census Bureau Data. All of our eight Western States were in the top half of the country for highest net in migration. And we are once again recognized by Forbes as one of the best banks in the U.S.
Some business highlights for the quarter include: total deposits and retail purchase agreements of $21.3 billion at the quarter-end increased $25.5 million or 12 basis points during the current quarter. This momentum continues into the third quarter with deposits continuing to grow.