Glacier Bancorp approves $200M share repurchase program

Glacier Bancorp, Inc. (NYSE: GBCI) announced that its board of directors has approved a share repurchase program authorizing the company to buy back up to $200 million of its outstanding common stock through December 31, 2027.

According to a press release, repurchases may be conducted in the open market, in block trades, or through privately negotiated transactions, subject to applicable federal securities laws. The timing, frequency, and quantity of repurchases will be determined at the discretion of the company's senior management. The program does not require a minimum number of shares to be repurchased.

Glacier Bancorp, headquartered in Kalispell, Montana, is the parent company of Glacier Bank and operates multiple bank divisions across Montana, Idaho, Utah, Colorado, Wyoming, Texas, Nevada, Arizona, and Washington.

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