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GBCI

Glacier BancorpNasdaqGS:GBCI Stock Report

Market Cap

US$5.3b

7D

12.1%

1Y

71.8%

Updated

27 Sep, 2021

Data

Company Financials +
GBCI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends5/6

GBCI Overview

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.

Glacier Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Glacier Bancorp
Historical stock prices
Current Share PriceUS$55.70
52 Week HighUS$31.16
52 Week LowUS$67.35
Beta1.01
1 Month Change2.64%
3 Month Change1.11%
1 Year Change71.81%
3 Year Change31.31%
5 Year Change97.31%
Change since IPO5,030.38%

Recent News & Updates

Shareholder Returns

GBCIUS BanksUS Market
7D12.1%3.4%0.1%
1Y71.8%80.0%35.3%

Return vs Industry: GBCI underperformed the US Banks industry which returned 80% over the past year.

Return vs Market: GBCI exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is GBCI's price volatile compared to industry and market?
GBCI volatility
GBCI Beta1.01
Industry Beta1.37
Market Beta1

Stable Share Price: GBCI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GBCI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19552,987Randy Cheslerhttps://www.glacierbancorp.com

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 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 deposits, 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.

Glacier Bancorp Fundamentals Summary

How do Glacier Bancorp's earnings and revenue compare to its market cap?
GBCI fundamental statistics
Market CapUS$5.32b
Earnings (TTM)US$318.05m
Revenue (TTM)US$801.25m

16.7x

P/E Ratio

2.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GBCI income statement (TTM)
RevenueUS$801.25m
Cost of RevenueUS$0
Gross ProfitUS$801.25m
ExpensesUS$483.21m
EarningsUS$318.05m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 21, 2021

Earnings per share (EPS)3.33
Gross Margin100.00%
Net Profit Margin39.69%
Debt/Equity Ratio49.1%

How did GBCI perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

37%

Payout Ratio

Valuation

Is Glacier Bancorp undervalued compared to its fair value and its price relative to the market?

17.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GBCI ($55.7) is trading below our estimate of fair value ($67.59)

Significantly Below Fair Value: GBCI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GBCI is poor value based on its PE Ratio (16.7x) compared to the US Banks industry average (11x).

PE vs Market: GBCI is good value based on its PE Ratio (16.7x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: GBCI is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: GBCI is overvalued based on its PB Ratio (2.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Glacier Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBCI's forecast earnings growth (10.8% per year) is above the savings rate (2%).

Earnings vs Market: GBCI's earnings (10.8% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: GBCI's earnings are forecast to grow, but not significantly.

Revenue vs Market: GBCI's revenue (9.2% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: GBCI's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GBCI's Return on Equity is forecast to be low in 3 years time (10.9%).


Past Performance

How has Glacier Bancorp performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GBCI has high quality earnings.

Growing Profit Margin: GBCI's current net profit margins (39.7%) are higher than last year (32.9%).


Past Earnings Growth Analysis

Earnings Trend: GBCI's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: GBCI's earnings growth over the past year (47.4%) exceeds its 5-year average (21% per year).

Earnings vs Industry: GBCI earnings growth over the past year (47.4%) exceeded the Banks industry 36%.


Return on Equity

High ROE: GBCI's Return on Equity (13.5%) is considered low.


Financial Health

How is Glacier Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GBCI's Assets to Equity ratio (8.7x) is low.

Allowance for Bad Loans: GBCI has a sufficient allowance for bad loans (290%).

Low Risk Liabilities: 92% of GBCI's liabilities are made up of primarily low risk sources of funding.

Loan Level: GBCI has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: GBCI's Loans to Deposits ratio (66%) is appropriate.

Level of Bad Loans: GBCI has an appropriate level of bad loans (0.5%).


Dividend

What is Glacier Bancorp current dividend yield, its reliability and sustainability?

2.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GBCI's dividend (2.57%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: GBCI's dividend (2.57%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: GBCI's dividends per share have been stable in the past 10 years.

Growing Dividend: GBCI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.9%), GBCI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GBCI's dividends in 3 years are forecast to be well covered by earnings (44.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.1yrs

Average management tenure


CEO

Randy Chesler (62 yo)

4.67yrs

Tenure

US$2,414,543

Compensation

Mr. Randall M. Chesler, also known as Randy, has been the President of Glacier Bank, Inc. since August 1, 2015 and has been its Chief Executive Officer since January 1, 2017. Mr. Chesler has been President...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD2.41M) is below average for companies of similar size in the US market ($USD6.38M).

Compensation vs Earnings: Randy's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GBCI's management team is seasoned and experienced (14.1 years average tenure).


Board Members

Experienced Board: GBCI's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GBCI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Glacier Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Glacier Bancorp, Inc.
  • Ticker: GBCI
  • Exchange: NasdaqGS
  • Founded: 1955
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$5.320b
  • Shares outstanding: 95.51m
  • Website: https://www.glacierbancorp.com

Number of Employees


Location

  • Glacier Bancorp, Inc.
  • 49 Commons Loop
  • Kalispell
  • Montana
  • 59901
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:55
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.