Glacier Bancorp (GBCI)
NYSE:GBCI
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Glacier Bancorp
(NYSE:GBCI)
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Rating:67Neutral
Price Target:
$47.00
â–²(4.33% Upside)
Action:DowngradedDate:02/26/26
The score is driven primarily by improving fundamentals and cash-flow quality alongside a constructive earnings outlook with specific margin/efficiency catalysts. These positives are tempered by multi-year margin/ROE compression, mixed near-term technical momentum, and a relatively high P/E despite a moderate dividend yield.
Positive Factors
Scale & M&A-driven Market Expansion
Large, strategic acquisitions and record asset growth have meaningfully expanded Glacier’s footprint in high-growth Western markets, providing durable deposit and loan scale, cross-sell opportunities and local market share that support sustainable revenue diversification and long-term franchise value.
Negative Factors
Compressed Returns & Margins
Material long-term margin and ROE compression indicate the bank is earning substantially less on equity than in prior cycles; absent sustained margin recovery and cost efficiency gains, capital accumulation will outpace returns, limiting shareholder value creation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & M&A-driven Market Expansion
Large, strategic acquisitions and record asset growth have meaningfully expanded Glacier’s footprint in high-growth Western markets, providing durable deposit and loan scale, cross-sell opportunities and local market share that support sustainable revenue diversification and long-term franchise value.
Read all positive factors
Glacier Bancorp (GBCI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.86B
Dividend Yield2.89%
Average Volume (3M)1.02M
Price to Earnings (P/E)22.4
Beta (1Y)0.92
Revenue Growth8.73%
EPS Growth26.19%
CountryUS
Employees3,457
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.49
Shares Outstanding130,011,110
10 Day Avg. Volume864,818
30 Day Avg. Volume1,022,983
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 Cap1.45
Enterprise Value/Revenue5.96
Enterprise Value/Gross Profit8.64
Enterprise Value/Ebitda23.26
Forecast
1Y Price Target
$57.50Price Target Upside27.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.07
Revenue Forecast (FY)$1.30B
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:Jan 22, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Positive
Overall the call communicated strong growth and margin recovery driven by large, strategic acquisitions, record asset growth, meaningful increases in net interest income and pretax pre-provision revenue, improving efficiency and solid credit metrics. Headwinds are largely near-term and acquisition-related: elevated noninterest expense, some deposit-cost and NPA noise, and seasonally slow organic loan growth in the quarter. Management provided clear guidance and catalysts (securities cash flow, FHLB paydown, asset repricing, and expected cost saves) that support further margin and efficiency improvement.Positive Updates
Strategic Acquisitions and Expanded Footprint
Closed two acquisitions in 2025 (Bank of Idaho in April and Guaranty Bank & Trust in October), representing the largest acquisition year in company history with over $4.7 billion acquired (vs. $4.1 billion in 2021). Guaranty conversion planned for February; Guaranty expected to contribute meaningfully and integration described as seamless.
Negative Updates
Elevated Noninterest Expense from Acquisitions
Total noninterest expense was $195 million for the quarter, up $26.8 million or 16% vs prior quarter, driven primarily by acquisition-related costs. Quarter included $24 million of Guaranty transaction expenses and $3 million related to vacating branch locations; quarter net income included $36 million of acquisition expenses.
Read all updates
Q4-2025 Updates
Positive
Negative
Strategic Acquisitions and Expanded Footprint
Closed two acquisitions in 2025 (Bank of Idaho in April and Guaranty Bank & Trust in October), representing the largest acquisition year in company history with over $4.7 billion acquired (vs. $4.1 billion in 2021). Guaranty conversion planned for February; Guaranty expected to contribute meaningfully and integration described as seamless.
Read all positive updates
Company Guidance
Management guided to a 4.0% net interest margin by the second half of 2026 (with upside potential beyond 4% thereafter), driven by more than $2.0 billion of assets repricing in 2026 that should lift those balances by roughly 75–100 basis points, plus securities cash flows of about $425 million per quarter (blended roll-off yields in the low–mid 1% range) that will fund the remaining ~$440 million FHLB payoff expected mid‑March and then be redeployed; loan growth is expected to be low‑ to mid‑single digits in 2026. On the expense side, core noninterest expense is guided to $189–$193 million in Q1 (≈2% above Q4), with Q2–Q4 quarterly core run rates around $187–$192 million and a full‑year core operating expense guide of $750–$766 million, supporting an efficiency ratio improvement from 63% toward the mid‑50s (about 54–55%) in H2 2026, while deposit costs are expected to trend lower as acquisition-related upticks roll off.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
Neutral
45.05
Price Trends
47.42
Negative
45.68
Negative
45.43
Negative
Market Momentum
-0.70
Negative
49.87
Neutral
66.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBCI, the sentiment is Neutral. The current price of 45.05 is above the 20-day moving average (MA) of 44.01, below the 50-day MA of 47.42, and below the 200-day MA of 45.43, indicating a neutral trend. The MACD of -0.70 indicates Negative momentum. The RSI at 49.87 is Neutral, neither overbought nor oversold. The STOCH value of 66.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.24B | 7.10 | 11.93% | 3.68% | 2.79% | 2.11% | |
74 Outperform | $5.35B | 11.51 | 11.43% | 2.85% | 1.43% | 19.58% | |
71 Outperform | $8.25B | 9.60 | 8.39% | 5.07% | -0.30% | -3.80% | |
71 Outperform | $6.04B | 10.86 | 8.58% | 2.73% | 4.54% | 27.56% | |
69 Neutral | $6.91B | 8.34 | 7.82% | 3.69% | -1.94% | 41.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $5.86B | 22.44 | 6.53% | 2.89% | 8.73% | 26.19% |
* Financial Sector Average
GBCI
Glacier Bancorp
45.05
7.64
20.43%
OZK
Bank OZK
46.17
9.49
25.88%
COLB
Columbia Banking System
27.92
8.23
41.81%
FNB
F.N.B.
16.90
5.76
51.73%
HOMB
Home Bancshares
27.20
2.78
11.40%
VLY
Valley National Bancorp
12.44
4.72
61.06%
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.