Glacier Bancorp Inc. of Kalispell, Mont., said Friday that its fourth-quarter net earnings fell 44% from a year earlier, to $9.5 million.
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A $3.5 million bargain purchase gain and a 26% increase in investment securities from the third quarter helped the $6.2 billion-asset Glacier, which acquired the $280 million-asset First National Bank and Trust in Powell, Wyo., on Oct. 2.
Glacier's loan-loss provision rose 86% from a year earlier, to $143 million provision.
Nonperforming assets were 4.13% of total assets, up 3 basis points from the third quarter and 267 basis points year over year.
