Glacier Bancorp's (GBCI) assets are expected to continue to grow on the back of merger activity. This balance sheet growth is expected to drive earnings, and consequently, dividends in 2020.
M&A Activity to Drive Loan Growth
GBCI has resorted to merger and acquisition activity to expand its portfolio in the past, and I expect this reliance to continue in 2020. After completing two acquisitions this year, GBCI has announced another acquisition that is expected to be completed by the first quarter of 2020. As the target, State Bank Corp, has around $414 million