Glacier Bancorp (GBCI)
NYSE:GBCI
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Glacier Bancorp
(NYSE:GBCI)
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Rating:74Outperform
Price Target:
$55.00
â–²(12.38% Upside)
Action:UpgradedDate:04/24/26
The score is driven primarily by improving financial performance (profitability and cash generation rebounding and leverage improving) and a constructive technical backdrop (price above key moving averages with positive MACD). The latest earnings call adds support via continued margin-expansion guidance and solid credit metrics, while valuation is less supportive due to an unusable P/E input despite a moderate dividend yield.
Positive Factors
Margin expansion / NIM
Sustained NIM improvement driven by asset-side repricing and higher new production yields creates a durable earnings lever. With $3.0B of loans set to reprice at meaningful incremental spreads, core net interest income should support cash generation and stable profitability over the next 2–6 months.
Negative Factors
ROE and margin compression
Persistent return-on-equity deterioration indicates the bank earns materially less on its capital base than prior cycles. Even with NIM recovery, lower ROE constrains long-term shareholder returns, limits excess capital generation, and raises the bar for profitable organic or acquired growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion / NIM
Sustained NIM improvement driven by asset-side repricing and higher new production yields creates a durable earnings lever. With $3.0B of loans set to reprice at meaningful incremental spreads, core net interest income should support cash generation and stable profitability over the next 2–6 months.
Read all positive factors
Glacier Bancorp (GBCI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.26B
Dividend Yield2.89%
Average Volume (3M)916.90K
Price to Earnings (P/E)17.7
Beta (1Y)0.95
Revenue Growth18.22%
EPS Growth14.79%
CountryUS
Employees3,457
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.63
Shares Outstanding130,107,510
10 Day Avg. Volume879,977
30 Day Avg. Volume916,897
Financial Highlights & Ratios
PEG Ratio1.26
Price to Book (P/B)1.36
Price to Sales (P/S)4.02
P/FCF Ratio16.47
Enterprise Value/Market Cap1.16
Enterprise Value/Revenue5.11
Enterprise Value/Gross Profit7.41
Enterprise Value/Ebitda19.96
Forecast
1Y Price Target
$56.20Price Target Upside14.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)3.08
Revenue Forecast (FY)$1.31B
Glacier Bancorp Business Overview & Revenue Model
Company Description
Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers no...
How the Company Makes Money
Glacier Bancorp makes money primarily through its bank subsidiaries by earning interest income on loans and investment securities and by generating fee-based (noninterest) income from a range of banking services.
1) Net interest income (core earn...
Glacier Bancorp Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
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.Positive Updates
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.
Negative Updates
GAAP Expense Impact from Acquisition
Reported (GAAP) efficiency ratio was ~63% in Q1, materially higher than the core operating target due to acquisition-related expenses and compensation release tied to the Guaranty transaction; acquisition charges distorted headline efficiency.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided to continued margin and earnings momentum, noting Q1 NIM of 3.80% (up 22 bps q/q and 76 bps y/y) and reaffirming a ~4.0% margin target for H2 2026 (with potential to creep modestly above) driven by $3.0B of loans repricing over the next 12 months at an incremental 75–100 bps, production yields around 6.75% (new production north of 6.5%), and ongoing asset repricing even as total funding cost sits at 1.40% (down 12 bps q/q). They expect low‑ to mid‑single‑digit loan growth (Q1 loans $21.0B, up $106M or ~2% annualized; Southwest >7% annualized), stable deposits (total deposits $24.7B, +$151M or 2% annualized; noninterest‑bearing $7.4B, +$113M or 6% annualized), and plan to deploy roughly $750M–$1.0B of excess cash (including bond buys in H2) while over 60% of CDs roll each quarter. On expenses, capital and credit they reiterated a core operating efficiency target of 54%–55% and a full‑year operating expense guide of $750M–$766M (Q1 operating expenses $188.2M), noted potential CET1 relief of ~75–80 bps if rule changes finalize, affirmed the $0.33 quarterly dividend (164th consecutive) with a payout ratio headed below 50%, and highlighted strong credit metrics (NPAs 25 bps of assets, net charge‑offs 2 bps of loans, allowance 1.22% of loans) alongside Q1 net income of $82.1M (reported EPS $0.63; operating EPS $0.70).Glacier Bancorp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.43B | 1.25B | 1.12B | 933.37M | 812.73M |
| Gross Profit | 983.04M | 781.72M | 774.64M | 872.14M | 771.10M |
| EBITDA | 365.01M | 267.97M | 304.75M | 406.77M | 381.48M |
| Net Income | 239.03M | 190.14M | 222.93M | 303.20M | 284.76M |
Balance Sheet | |||||
| Total Assets | 31.98B | 27.90B | 27.74B | 26.64B | 25.94B |
| Cash, Cash Equivalents and Short-Term Investments | 4.33B | 4.55B | 6.14B | 5.71B | 9.61B |
| Total Debt | 2.90B | 3.79B | 4.44B | 2.96B | 1.20B |
| Total Liabilities | 27.76B | 24.68B | 24.72B | 23.79B | 22.76B |
| Stockholders Equity | 4.21B | 3.22B | 3.02B | 2.84B | 3.18B |
Cash Flow | |||||
| Free Cash Flow | 347.55M | 209.76M | 451.43M | 436.90M | 562.61M |
| Operating Cash Flow | 374.40M | 258.04M | 500.71M | 470.66M | 572.05M |
| Investing Cash Flow | 1.06B | 493.14M | -207.49M | -1.35B | -3.91B |
| Financing Cash Flow | -1.05B | -1.26B | 659.12M | 845.43M | 3.14B |
Glacier Bancorp Technical Analysis
Positive
48.94
Price Trends
46.59
Positive
46.06
Positive
45.46
Positive
Market Momentum
0.85
Negative
66.83
Neutral
74.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBCI, the sentiment is Positive. The current price of 48.94 is above the 20-day moving average (MA) of 45.86, above the 50-day MA of 46.59, and above the 200-day MA of 45.46, indicating a bullish trend. The MACD of 0.85 indicates Negative momentum. The RSI at 66.83 is Neutral, neither overbought nor oversold. The STOCH value of 74.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GBCI.
Glacier Bancorp Risk Analysis
Glacier Bancorp disclosed 29 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $5.39B | 7.77 | 11.63% | 3.68% | 0.67% | 0.49% | |
74 Outperform | $6.26B | 17.68 | 6.83% | 2.89% | 18.22% | 14.79% | |
74 Outperform | $8.44B | 10.39 | 9.16% | 5.07% | 15.07% | 5.80% | |
74 Outperform | $6.23B | 11.00 | 8.77% | 2.73% | 4.16% | 27.83% | |
73 Outperform | $7.38B | 10.41 | 7.82% | 3.69% | -0.22% | 62.53% | |
69 Neutral | $5.36B | 11.22 | 11.29% | 2.85% | 0.57% | 15.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
GBCI
Glacier Bancorp
48.14
8.54
21.57%
OZK
Bank OZK
47.50
6.45
15.71%
COLB
Columbia Banking System
29.12
7.88
37.08%
FNB
F.N.B.
17.53
4.83
38.03%
HOMB
Home Bancshares
26.51
-0.46
-1.71%
VLY
Valley National Bancorp
13.31
5.06
61.29%
Glacier Bancorp Corporate Events
Business Operations and Strategy
Glacier Bancorp Highlights Growth Strategy in Investor Presentation
Positive
Feb 11, 2026
On Feb. 11, 2026, Glacier Bancorp released an investor presentation outlining its strategy and positioning as a scaled community banking platform in the Mountain West and Southwest. The company emphasized its mission to be the premier regional ban...
Business Operations and StrategyExecutive/Board Changes
Glacier Bancorp Announces CFO Ron Copher’s Retirement
Neutral
Feb 9, 2026
On February 9, 2026, Glacier Bancorp announced that Executive Vice President and Chief Financial Officer Ron J. Copher plans to retire after 20 years with the company. Copher will remain in the CFO role until the board appoints a successor and wil...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Glacier Bancorp highlights growth strategy in new investor presentation
Positive
Feb 5, 2026
On February 5, 2026, Glacier Bancorp released an investor presentation detailing its financial position at year-end 2025 and outlining recent expansion moves, underscoring its differentiated community banking model backed by the scale and resource...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.