Glacier Bancorp Inc. in Kalispell, Mont., said its quarterly net income was flat from a year earlier as lower interest income offset a dip in the loan-loss provision.

The $6.7 billion-asset company reported fourth-quarter net income late Thursday of $9.6 million, compared to $9.5 million the year earlier. Its full-year earnings rose 23% from a year earlier, to $42.3 million.

Glacier's loss provision rose 42.8% from the third quarter but was off 25.4% from a year earlier, at $27.3 million. Net chargeoffs fell slightly from the third quarter but rose 28.3% from a year earlier, to $24.5 million.

Nonperforming assets rose 3.4% from the third quarter and 3.6% from a year earlier, to $270.5 million, or 3.9% of total assets.

The net interest margin shrank 28 basis points from the third quarter and 79 basis points from a year earlier, to 3.91%. The company attributed the decline to lower yields and limited lending.

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