Glacier Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net interest income of $75,996,000 against $68,811,000 a year ago. Income before income taxes was $37,849,000 against $36,900,000 a year ago. Net income was $29,508,000 or $0.39 diluted per share against $28,054,000 or $0.37 diluted per share a year ago. Return on average assets (annualized) was 1.32% against 1.37% a year ago. Return on average equity (annualized) was 10.66% against 10.66% a year ago. Total interest income was $83,211,000 against $76,179,000 a year ago. Interest income during the current quarter increased over the prior year fourth quarter and was principally due to higher interest income on commercial loans which increased $5.2 million, or 14%, as a result of an increased volume and yield on commercial loans.

For the year, the company reported net interest income of $290,406,000 against $272,953,000 a year ago. Income before income taxes was $150,126,000 against $148,664,000 a year ago. Net income was $116,127,000 or $1.54 diluted per share against $112,755,000 or $1.51 diluted per share a year ago. Return on average assets (annualized) was 1.36% against 1.42% a year ago. Return on average equity (annualized) was 10.84% against 11.11% a year ago. Total interest income was $319,681,000 against $299,919,000 a year ago. Book value per common share was $14.15 against $0.45 a year ago. Interest income increased $19.8 million, or 7%, from the prior year and was principally due to an increase in income from commercial loans.

For the fourth quarter of 2015, net charge-offs of loans were $1.5 million compared to net charge-offs of $577,000 for the prior quarter and net charge-offs of $1.1 million from the same quarter last year.