Glacier Bancorp Management

Management criteria checks 4/4

Glacier Bancorp's CEO is Randy Chesler, appointed in Jan 2017, has a tenure of 7.83 years. total yearly compensation is $2.96M, comprised of 31.3% salary and 68.7% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth €3.53M. The average tenure of the management team and the board of directors is 17.3 years and 7.5 years respectively.

Key information

Randy Chesler

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage	31.3%
CEO tenure	7.8yrs
CEO ownership	0.06%
Management average tenure	17.3yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Randy Chesler's remuneration changed compared to Glacier Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$183m
Jun 30 2024	n/a	n/a	US$184m
Mar 31 2024	n/a	n/a	US$194m
Dec 31 2023	US$3m	US$925k	US$223m
Sep 30 2023	n/a	n/a	US$248m
Jun 30 2023	n/a	n/a	US$275m
Mar 31 2023	n/a	n/a	US$297m
Dec 31 2022	US$3m	US$881k	US$303m
Sep 30 2022	n/a	n/a	US$274m
Jun 30 2022	n/a	n/a	US$271m
Mar 31 2022	n/a	n/a	US$272m
Dec 31 2021	US$3m	US$839k	US$285m
Sep 30 2021	n/a	n/a	US$316m
Jun 30 2021	n/a	n/a	US$318m
Mar 31 2021	n/a	n/a	US$304m
Dec 31 2020	US$2m	US$799k	US$266m
Sep 30 2020	n/a	n/a	US$242m
Jun 30 2020	n/a	n/a	US$216m
Mar 31 2020	n/a	n/a	US$205m
Dec 31 2019	US$2m	US$758k	US$211m
Sep 30 2019	n/a	n/a	US$203m
Jun 30 2019	n/a	n/a	US$200m
Mar 31 2019	n/a	n/a	US$192m
Dec 31 2018	US$2m	US$720k	US$182m
Sep 30 2018	n/a	n/a	US$147m
Jun 30 2018	n/a	n/a	US$134m
Mar 31 2018	n/a	n/a	US$124m
Dec 31 2017	US$1m	US$676k	US$116m

Compensation vs Market: Randy's total compensation ($USD2.96M) is about average for companies of similar size in the German market ($USD3.63M).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.

CEO

Randy Chesler (65 yo)

7.8yrs

Tenure

US$2,957,499

Compensation

Mr. Randall M. Chesler, also known as Randy, has been the President of Glacier Bank, Inc. since August 1, 2015 and has been its Chief Executive Officer since January 1, 2017. Mr. Chesler has been President...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Randall Chesler	President	7.8yrs	US$2.96m	0.058% € 3.5m
Ronald Copher	Executive VP	17.7yrs	US$1.24m	0.087% € 5.3m
Donald Chery	Executive VP & Chief Administrative Officer	17.3yrs	US$1.08m	0.033% € 2.0m
Marcia Johnson	Senior VP & COO	no data	no data	no data
Jason Preble	Senior VP & COO	no data	no data	no data
Angela Dose	Senior VP & Chief Accounting Officer	no data	no data	no data
Mark MacMillan	Senior VP & Chief Information Officer	no data	no data	no data
Ryan Screnar	Executive VP & Chief Compliance Officer	no data	no data	0.0062% € 371.5k
David Langston	Senior VP & Chief Human Resources Officer	no data	no data	no data
Paul Peterson	Senior VP & Chief Mortgage Officer	no data	no data	no data
T. Frickle	Senior VP & Chief Risk Manager	no data	no data	no data
Lee Groom	Senior VP & Chief Experience Officer	no data	no data	0.0061% € 368.5k

17.3yrs

Average Tenure

65yo

Average Age

Experienced Management: GLC's management team is seasoned and experienced (17.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Randall Chesler	President	8.6yrs	US$2.96m	0.058% € 3.5m
David Boyles	Independent Director	6.3yrs	US$145.84k	0.028% € 1.7m
Craig Langel	Independent Chairman of the Board	18.9yrs	US$170.04k	0.083% € 5.0m
Douglas McBride	Independent Director	18.2yrs	US$143.46k	0.015% € 921.2k
Sherry Cladouhos	Independent Director	14.1yrs	US$130.04k	0.022% € 1.3m
Robert Cashell	Independent Director	3.8yrs	US$145.82k	0.12% € 7.0m
Annie Goodwin	Independent Director	12.4yrs	US$130.04k	0.013% € 774.4k
Kristen Heck	Independent Director	3.8yrs	US$138.66k	0.0076% € 456.1k
Michael Hormaechea	Independent Director	3.2yrs	US$140.94k	0.0040% € 244.7k
Jesus Espinoza	Independent Director	1.9yrs	US$145.47k	0.0026% € 155.9k

7.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: GLC's board of directors are considered experienced (7.5 years average tenure).

Glacier Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Glacier Bancorp, Inc., Annual General Meeting, Apr 24, 2024

Don J. Chery, Executive Vice President and Chief Administrative Officer to Retire from Glacier Bancorp, Inc

Independent Chairman of the Board recently bought €75k worth of stock

Independent Chairman of the Board recently bought €142k worth of stock

Glacier Bancorp, Inc. and Glacier Bank Appoints Tommy Espinoza as Director, Effective December 1, 2022

Recent updates

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on December 19, 2024

Investor sentiment improves as stock rises 20%

Third quarter 2024 earnings released: EPS: US$0.45 (vs US$0.47 in 3Q 2023)

Glacier Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

Glacier Bancorp, Inc. to Report Q3, 2024 Results on Oct 24, 2024

Insufficient new directors

Second quarter dividend of US$0.33 announced

Now 20% undervalued

Second quarter 2024 earnings released: EPS: US$0.39 (vs US$0.50 in 2Q 2023)

Glacier Bancorp, Inc. Reports Net Charge-Offs for the Quarter Ended June 30, 2024

Investor sentiment improves as stock rises 18%

First quarter dividend of US$0.33 announced

Glacier Bancorp, Inc. to Report Q2, 2024 Results on Jul 18, 2024

First quarter 2024 earnings released: EPS: US$0.29 (vs US$0.55 in 1Q 2023)

Glacier Bancorp, Inc. Reports Consolidated Net Charge-Offs for the First Quarter Ended March 31, 2024

First quarter 2024 earnings released: EPS: US$0.29 (vs US$0.55 in 1Q 2023)

Glacier Bancorp, Inc. to Report Q1, 2024 Results on Apr 18, 2024

Fourth quarter dividend of US$0.33 announced

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on April 18, 2024

Glacier Bancorp, Inc., Annual General Meeting, Apr 24, 2024

Full year 2023 earnings released: EPS: US$2.01 (vs US$2.74 in FY 2022)

New minor risk - Shareholder dilution

Now 20% undervalued

Now 21% undervalued

Don J. Chery, Executive Vice President and Chief Administrative Officer to Retire from Glacier Bancorp, Inc

Glacier Bancorp, Inc. (NYSE:GBCI) completed the acquisition of Community Financial Group, Inc. (Spokane, WA) (OTCPK:CFGW) from shareholders.

Full year 2023 earnings released: EPS: US$2.01 (vs US$2.74 in FY 2022)

Glacier Bancorp, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.33 per share at 4.0% yield

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on December 14, 2023

Now 21% undervalued after recent price drop

Glacier Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings released: EPS: US$0.47 (vs US$0.72 in 3Q 2022)

Now 21% undervalued after recent price drop

Glacier Bancorp, Inc. to Report Q3, 2023 Results on Oct 19, 2023

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on October 19, 2023

Now 21% undervalued after recent price drop

Glacier Bancorp, Inc. (NYSE:GBCI) entered into a definitive agreement to acquire Community Financial Group, Inc. (Spokane, WA) (OTCPK:CFGW) from shareholders for $80.6 million.

Glacier Bancorp, Inc. Reports Net Charge-Offs Results for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.69 in 2Q 2022)

Glacier Bancorp, Inc. to Report Q2, 2023 Results on Jul 20, 2023

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on July 20, 2023

Glacier Bancorp, Inc.(NYSE:GBCI) dropped from Russell 2000 Growth-Defensive Index

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 15%

Now 23% undervalued after recent price drop

Independent Chairman of the Board recently bought €75k worth of stock

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.55 (vs US$0.61 in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Independent Chairman of the Board recently bought €142k worth of stock

Full year 2022 earnings released: EPS: US$2.74 (vs US$2.87 in FY 2021)

Now 22% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$2.74 (vs US$2.87 in FY 2021)

Glacier Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Glacier Bancorp, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.33 per share

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on December 15, 2022

Glacier Bancorp, Inc. and Glacier Bank Appoints Tommy Espinoza as Director, Effective December 1, 2022

Third quarter 2022 earnings released: EPS: US$0.72 (vs US$0.79 in 3Q 2021)

Glacier Bancorp, Inc. Reports Net Charge-Offs Results for the Third Quarter Ended September 30, 2022

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on October 20, 2022

Glacier Bancorp, Inc. to Report Q3, 2022 Results on Oct 20, 2022

Second quarter 2022 earnings released: EPS: US$0.69 (vs US$0.81 in 2Q 2021)

Glacier Bancorp, Inc. to Report Q2, 2022 Results on Jul 21, 2022

Upcoming dividend of US$0.33 per share

Glacier Bancorp, Inc. Declares Quarterly Dividend, Payable on July 21, 2022

First quarter 2022 earnings released: EPS: US$0.61 (vs US$0.85 in 1Q 2021)