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Glacier Bancorp (GBCI)
NYSE:GBCI
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Glacier Bancorp
(NYSE:GBCI)
67Neutral
Glacier Bancorp (GBCI) vs. S&P 500 (SPY)
Market Cap
$5.10B
Dividend Yield2.94%
Average Volume (3M)691.32K
Price to Earnings (P/E)26.8
Beta (1Y)1.25
Revenue Growth11.66%
EPS Growth-16.50%
CountryUS
Employees3,595
SectorFinancial
Sector Strength82
IndustryBanking
Share Statistics
EPS (TTM)1.68
Shares Outstanding113,403,940
10 Day Avg. Volume850,316
30 Day Avg. Volume691,316
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.33
Price to Cash Flow (P/CF)12.50
P/FCF Ratio8.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$57.20Price Target Upside27.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Glacier Bancorp Business Overview & Revenue Model
Company DescriptionGlacier Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking services. It operates through the following segments: Residential Real Estate, Commercial, and Consumer and Other Loans. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services. The company was founded in 1990 and is headquartered in Kalispell, MT.
How the Company Makes MoneyGlacier Bancorp makes money primarily through interest income generated from its lending activities, which include commercial, real estate, and consumer loans. The company also earns revenue from fees and service charges associated with its deposit accounts, loan servicing, and other banking services. Non-interest income, such as income from bank-owned life insurance and gains on the sale of loans, further contribute to its earnings. Glacier Bancorp's diversified revenue streams and its focus on community banking help it maintain a stable financial performance. Strategic acquisitions of other financial institutions also play a role in expanding its market presence and enhancing its revenue potential.
Glacier Bancorp Financial Statement Overview
Summary
Glacier Bancorp exhibits strong financial health with steady revenue growth, a robust balance sheet, and no debt. However, there are areas for improvement in cost management and cash flow consistency.Income Statement
Glacier Bancorp has shown a solid revenue growth trajectory, with significant improvements in EBIT and net income over the years. The gross profit margin remains robust, indicating strong profitability. However, recent fluctuations in net profit margin suggest potential challenges in cost management or increasing expenses.75
Positive
Balance Sheet
The company's balance sheet is strong, with zero total debt in the latest year, enhancing its financial stability. The equity ratio is healthy, reflecting a solid equity base relative to total assets. However, the return on equity could be improved, indicating room for more efficient use of equity.80
Positive
Cash Flow
Operating cash flow has decreased recently, impacting the cash flow score. While the company has maintained positive free cash flow, the free cash flow growth rate has been inconsistent. The operating cash flow to net income ratio is solid, indicating effective conversion of income into cash.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.14B | 789.44M | 884.97M | 778.89M | 727.79M | Gross Profit |
| 1.14B | 787.47M | 884.97M | 778.89M | 727.79M | EBIT |
| 1.12B | 380.04M | 437.37M | 349.44M | 328.04M | EBITDA |
| 0.00 | 304.75M | 406.77M | 381.48M | 358.83M | Net Income Common Stockholders |
| 190.14M | 222.93M | 303.20M | 284.76M | 266.40M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.51B | 1.35B | 5.71B | 9.61B | 5.97B | Total Assets |
| 27.90B | 27.74B | 26.64B | 25.94B | 18.50B | Total Debt |
| 2.02B | 2.95B | 2.01B | 176.71M | 173.03M | Net Debt |
| 1.17B | 1.60B | 1.61B | -260.97M | -460.12M | Total Liabilities |
| 24.68B | 24.72B | 23.79B | 22.76B | 16.20B | Stockholders Equity |
| 3.22B | 3.02B | 2.84B | 3.18B | 2.31B |
| Cash Flow | Free Cash Flow | |||
| 224.74M | 451.43M | 447.42M | 562.61M | 177.83M | Operating Cash Flow |
| 224.74M | 500.71M | 470.66M | 572.05M | 189.54M | Investing Cash Flow |
| -596.00K | -207.49M | -1.35B | -3.91B | -3.56B | Financing Cash Flow |
| -151.66M | 659.12M | 845.43M | 3.14B | 3.68B |
Glacier Bancorp Technical Analysis
Negative
44.95
Price Trends
48.95
Negative
51.32
Negative
46.32
Negative
Market Momentum
-1.46
Positive
35.99
Neutral
15.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBCI, the sentiment is Negative. The current price of 44.95 is below the 20-day moving average (MA) of 47.14, below the 50-day MA of 48.95, and below the 200-day MA of 46.32, indicating a bearish trend. The MACD of -1.46 indicates Positive momentum. The RSI at 35.99 is Neutral, neither overbought nor oversold. The STOCH value of 15.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GBCI.
Glacier Bancorp Risk Analysis
Glacier Bancorp disclosed 28 risk factors in its most recent earnings report. Glacier Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Glacier Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $2.37B | 10.36 | 9.72% | 3.78% | 9.95% | -11.02% | |
68 Neutral | $2.71B | 19.68 | 9.73% | 4.11% | 4.63% | -16.29% | |
68 Neutral | $2.30B | 13.04 | 6.90% | 3.72% | 29.57% | -36.51% | |
67 Neutral | $5.10B | 26.77 | 6.09% | 2.94% | 11.66% | -16.50% | |
64 Neutral | $14.07B | 10.53 | 9.02% | 4.23% | 17.01% | -7.59% | |
63 Neutral | $5.19B | 9.72 | 10.55% | 5.81% | 7.84% | 54.79% | |
63 Neutral | $3.02B | 13.17 | 6.92% | 6.52% | 3.61% | -11.55% |
* Financial Sector Average
Performance Comparison
GBCI
Glacier Bancorp
44.95
8.70
24.00%
BOH
Bank Of Hawaii
68.10
11.14
19.56%
COLB
Columbia Banking System
24.77
7.79
45.88%
FFBC
First Financial Bancorp
24.85
4.56
22.47%
FIBK
First Interstate Bancsystem
28.85
5.43
23.19%
WAFD
Washington Federal
28.24
1.85
7.01%
Glacier Bancorp Earnings Call Summary
Earnings Call Date: Jan 23, 2025 | % Change Since: -12.46% | Next Earnings Date: Apr 17, 2025
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with strong earnings growth, improved net interest margins, and successful acquisitions. However, there were some concerns regarding a decrease in deposits and noninterest income, along with a slight increase in charge-offs. Overall, the highlights outweigh the lowlights, indicating a strong performance for the quarter.Highlights
Strong Earnings Growth
Diluted earnings per share increased by 20% from the prior quarter and 10% from the prior year. Net income was $61.8 million for the quarter, a 21% increase from the prior quarter.
Net Interest Margin Improvement
The net interest margin for the quarter was 2.97%, up 14 basis points from the previous quarter and 41 basis points from the prior year.
Successful Acquisitions
Completed acquisitions of Rocky Mountain branches and Wheatland Bank, and announced the acquisition of Bank of Idaho, enhancing presence in high-growth markets.
Credit Portfolio Performance
The credit portfolio continues to perform near record levels with no material negative trends emerging.
Lowlights
Decrease in Deposits
Total deposits decreased by $168 million or 1% from the prior quarter.
Noninterest Income Decline
Noninterest income for the quarter decreased by $3.2 million or 9% from the prior quarter.
Increased Charge-offs
Charge-offs increased slightly in the fourth quarter, primarily due to end-of-year cleanup.
Company Guidance
In the fourth quarter earnings call for Glacier Bancorp, the executives provided positive guidance for 2025, highlighting several key financial metrics. The company reported a 20% increase in diluted earnings per share to $0.54 from the prior quarter and a 21% rise in net income to $61.8 million. The net interest margin improved by 14 basis points to 2.97%, supported by increasing interest income and lower deposit costs. The loan portfolio grew by $81 million, while total deposits decreased by 1% from the previous quarter. Looking ahead, Glacier Bancorp anticipates its net interest margin to range between 3.20% and 3.25% for 2025, with low to mid-single-digit organic loan growth, excluding the impact of the Bank of Idaho acquisition. The company also expects noninterest expenses to range from $151 million to $154 million per quarter.Glacier Bancorp Corporate Events
M&A TransactionsBusiness Operations and Strategy
Glacier Bancorp’s Strategic Acquisitions and Market Expansion
Positive
Feb 28, 2025
On February 28, 2025, Glacier Bancorp presented an investor update highlighting recent acquisitions and their strategic impact. The company completed the acquisition of Community Financial Group, Inc. on January 31, 2024, enhancing its agricultural market presence and forming the Wheatland Bank division. Additionally, Glacier acquired six Montana branches from HTLF Bank on July 19, 2024, further expanding its footprint. A pending acquisition of Bank of Idaho Holding Company is expected to close in the second quarter of 2025, positioning Glacier as a leading community bank in Idaho and Eastern Washington. These strategic moves align with Glacier’s long-term strategy of acquiring quality banks in strong markets, aiming to strengthen its market position and enhance its service offerings.
M&A TransactionsBusiness Operations and Strategy
Glacier Bancorp Expands with Strategic Acquisitions
Positive
Feb 12, 2025
On February 12, 2025, Glacier Bancorp presented its investor presentation, highlighting significant strategic moves to strengthen its market position. The company recently completed acquisitions, including Community Financial Group, Inc. and six branches of HTLF Bank, enhancing its presence in Eastern Washington and Montana. A pending acquisition of Bank of Idaho Holding Company is expected to further bolster its footprint in Idaho and Eastern Washington, positioning Glacier as a leading community bank in these regions.
M&A Transactions
Glacier Bancorp Acquires Bank of Idaho, Expanding Presence
Positive
Jan 13, 2025
Glacier Bancorp, Inc. announced the acquisition of Bank of Idaho Holding Co., marking its 26th bank acquisition since 2000. The merger is expected to be completed in the second quarter of 2025 and aims to expand Glacier’s presence in Idaho and Eastern Washington, integrating Bank of Idaho’s operations with existing Glacier divisions and creating growth opportunities for both companies.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.