Glacier Bancorp (GBCI)
NYSE:GBCI
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.75Last Year’s EPS
0.45Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: the company reported strong earnings, significant margin expansion, improving yields, lower funding costs, continued loan and deposit growth, and solid credit metrics. Management highlighted successful integration of the Guaranty acquisition, reiterated cost and efficiency targets on a core basis, and noted capital relief potential. Areas of caution include acquisition-related GAAP expense distortions, partial transitory drivers of the Q1 margin boost (day-count and liability moves), limited further deposit-cost runway, seasonal deposit headwinds in Q2, and general economic/geopolitical uncertainty that could temper loan growth. On balance, the positive operational and financial momentum outweighs the noted risks.Company Guidance
Strong Net Income and EPS Growth
Net income was $82.1 million, up $18.4 million (29%) sequentially and up $27.6 million (51%) year-over-year. Diluted EPS was $0.63, up $0.14 (29%) sequentially and up $0.15 (31%) year-over-year.
Margin Expansion Momentum
Net interest margin (tax-equivalent) was 3.80%, up 22 basis points from the prior quarter and up 76 basis points year-over-year. This marks nine consecutive quarters of margin expansion and management expects to reach ~4.0% NIM in the second half of 2026.
Improving Asset Yields
Loan yield was 6.16% (+7 bps QoQ, +39 bps YoY). Total earning asset yield was 5.11% (+11 bps QoQ, +50 bps YoY). Management highlighted $3.0 billion of loans repricing over the next 12 months expected to earn an incremental 75–100 bps.
Lower Funding Costs
Total cost of funding was 1.40%, down 12 basis points sequentially and down 28 basis points year-over-year, aided by CD rolloffs and reduced FHLB advances.
Loan and Deposit Growth
Loan portfolio totaled $21.0 billion, increasing $106 million (2% annualized) sequentially. Total deposits were $24.7 billion, up $151 million (2% annualized). Noninterest-bearing deposits were $7.4 billion, up $113 million (6% annualized). Southwest region grew in excess of 7% annualized in the quarter.
Credit Quality Strength
Nonperforming assets remained low at 25 basis points of total assets (slight sequential increase). Net charge-offs declined to 2 basis points of total loans from 6 basis points in the prior quarter. Allowance for credit losses remains conservative at 1.22% of total loans.
Operating Results and Cost Control (Non-GAAP)
Operating EPS (non-GAAP) was $0.70. Operating expenses for the quarter were $188.2 million, and management reiterated a core operating efficiency ratio target of 54%–55% (full-year operating expense guidance $750M–$766M).
Successful Integration and Shareholder Returns
Completed the core conversion of Guaranty Bank (acquired Oct 2025) with continued growth in that franchise. Declared quarterly dividend of $0.33 per share, marking the 164th consecutive quarterly dividend.
Capital Tailwind Opportunity
Management expects proposed regulatory changes could provide risk-weighted asset relief, estimated at roughly a 75–80 basis point increase to the CET1 ratio if finalized, improving capital flexibility.
Liquidity and Deployment Plans
FHLB advance payoffs complete. Management identified excess cash/‘dry powder’ in the ~$750M–$1.0B range to redeploy and expects to be active in the securities market in the second half of 2026.
GBCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GBCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $49.37 | $48.72 | -1.32% |
Jan 22, 2026 | $49.52 | $47.66 | -3.75% |
Oct 16, 2025 | $44.38 | $43.29 | -2.46% |
Jul 24, 2025 | $43.60 | $44.34 | +1.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Glacier Bancorp (GBCI) report earnings?
Glacier Bancorp (GBCI) is schdueled to report earning on Jul 16, 2026, After Close (Confirmed).
What is Glacier Bancorp (GBCI) earnings time?
Glacier Bancorp (GBCI) earnings time is at Jul 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is GBCI EPS forecast?
GBCI EPS forecast for the fiscal quarter 2026 (Q2) is 0.75.