Education
About Us
Working with TipRanks
Follow Us
Glacier Bancorp (GBCI)
NYSE:GBCI
Top Page
Glacier Bancorp
(NYSE:GBCI)
73Outperform
Glacier Bancorp (GBCI) vs. S&P 500 (SPY)
Market Cap
$4.38B
Dividend Yield3.19%
Average Volume (3M)799.28K
Price to Earnings (P/E)23.0
Beta (1Y)1.19
Revenue Growth8.10%
EPS Growth6.95%
CountryUS
Employees3,457
SectorFinancial
Sector Strength87
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.54
Shares Outstanding113,403,940
10 Day Avg. Volume877,242
30 Day Avg. Volume799,280
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.24
Price to Cash Flow (P/CF)12.30
P/FCF Ratio8.60
Enterprise Value/Market Cap2.12
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit8.13
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$49.80Price Target Upside22.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Glacier Bancorp Business Overview & Revenue Model
Company DescriptionGlacier 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 non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.
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
40.76
Price Trends
43.67
Negative
47.46
Negative
47.31
Negative
Market Momentum
-0.72
Negative
46.28
Neutral
58.33
Neutral
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 40.76 is above the 20-day moving average (MA) of 40.19, below the 50-day MA of 43.67, and below the 200-day MA of 47.31, indicating a neutral trend. The MACD of -0.72 indicates Negative momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, 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 (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.71B | 10.34 | 7.39% | 3.60% | 10.18% | 2.27% | |
73 Outperform | $4.38B | 22.98 | 6.63% | 3.19% | 8.10% | 6.95% | |
68 Neutral | $4.69B | 9.48 | 9.73% | 6.34% | -0.21% | 1.69% | |
68 Neutral | $4.92B | 12.71 | 7.33% | 4.30% | 6.39% | 2.93% | |
67 Neutral | $4.79B | 20.73 | 14.60% | 2.13% | 16.01% | 15.70% | |
66 Neutral | $4.83B | 12.57 | 5.48% | 5.07% | 1.60% | -18.84% | |
63 Neutral | $12.46B | 9.55 | 8.14% | 17103.96% | 12.70% | -4.66% |
* Financial Sector Average
Performance Comparison
GBCI
Glacier Bancorp
40.76
3.94
10.70%
COLB
Columbia Banking System
22.42
3.80
20.41%
FNB
F.N.B.
13.09
-0.11
-0.83%
FFIN
First Financial Bankshares
33.51
3.56
11.89%
UBSI
United Bankshares
34.29
1.86
5.74%
VLY
Valley National Bancorp
8.60
1.49
20.96%
Glacier Bancorp Earnings Call Summary
Earnings Call Date:Apr 24, 2025
(Q1-2025)
| % Change Since: -4.36%|
Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment Positive
The earnings call reflected strong financial performance with significant increases in earnings and net interest margin, successful acquisitions, and consistent dividend growth. However, there were concerns regarding a decrease in total loans, an increased allowance for credit loss due to economic uncertainties, and nonaccrual issues in a C&I credit. Despite these challenges, the overall sentiment remains positive with expectations for continued growth and improvement.Q1-2025 Updates
Positive Updates
Significant Increase in Earnings
Diluted earnings per share for the current quarter was $0.48 per share, an increase of 66% from the prior year first quarter. Net income was $54.6 million for the current quarter, an increase of $21.9 million or 67% from the prior year.
Net Interest Margin Improvement
The net interest margin for the current quarter was 3.04%, an increase of 45 basis points from the prior year first quarter margin of 2.59%. This marks the first time the margin has exceeded 3% in two years, with expectations for continued growth.
Successful Acquisitions and Expansions
The acquisition of Bank of Idaho, with $1.3 billion in assets, was announced and expected to close by the end of the month. This acquisition strategically expands Glacier's presence in high-growth markets.
Improved Tangible Stockholders' Equity
Tangible stockholders' equity increased by $67 million or 3% from the prior quarter and $147 million or 7% from the prior year.
Consistent Dividend Growth
Declared a quarterly dividend of 33¢ per share, marking 60 consecutive quarterly dividends and 49 increases.
Negative Updates
Decrease in Total Loans
Total loans decreased by $48 million from the prior quarter due to accelerated payoffs, although this trend is not expected to continue.
Increased Allowance for Credit Loss
The allowance for credit loss was increased to 1.22% of total loans from 1.19% last quarter due to economic uncertainties.
Nonaccrual Issues in C&I Credit
An uptick in nonaccruals was noted, centered in one relationship due to management issues, though no loss is expected.
Company Guidance
During the Glacier Bancorp first-quarter earnings call for fiscal year 2025, CEO Randy Chesler reported a strong financial performance with diluted earnings per share of $0.48, marking a 66% increase from the previous year. The bank's net income rose to $54.6 million, a 67% increase from the prior year. The net interest margin improved to 3.04%, a seven-basis-point rise from the previous quarter and a 45-basis-point increase from the previous year. Total deposits grew by $87.1 million, reaching $20.6 billion, while total loans slightly decreased due to accelerated payoffs. The bank maintained solid expense control, with noninterest expenses nearly flat compared to the previous year. Glacier Bancorp also increased its allowance for credit losses to 1.22% due to economic uncertainties. Tangible stockholders' equity rose by 3% to $2.2 billion, and the tangible book value per share increased by 3% to $19.28. A quarterly dividend of 33¢ per share was declared, continuing a streak of 60 consecutive quarterly dividends. The company announced the acquisition of Bank of Idaho, expected to provide a strategic expansion in several high-growth markets.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.
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.