Glacier Bancorp, Inc. (NYSE:GBCI) Q1 2024 Earnings Call Transcript

Byron Pollan: Sure. Sure. In that margin guide, we do have two cuts in our forecast, one in September, one in December. I would say because we do assume that there will be a lag between when the Fed cuts and when our deposit pricing will be able to come down, we’re not getting a lot of benefit from a September, December cut in that current forecast. So the difference between higher for longer, no cuts and September, December cut is not that big in our model. It’s a basis point or two at this point.

Kelly Motta: Got it. Thank you so much. I will — that’s all from me.

Operator: Thank you. This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Randy Chesler for any further remarks.

Randy Chesler: All right, Jonathan, thank you. We want to thank everybody for dialing into the call today. Have a great Friday and a great weekend. Thank you.

Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.