Glacier Bancorp
Market Cap
US$4.1b
Last Updated
2020/01/22 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Glacier Bancorp, Inc. operates as the 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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Glacier Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GBCI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.4%
GBCI
-0.2%
US Banks
0.6%
US Market
1 Year Return
2.9%
GBCI
15.3%
US Banks
24.6%
US Market
Return vs Industry: GBCI underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: GBCI underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| GBCI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -0.2% | 0.6% |
| 30 Day | -4.2% | -2.6% | 3.0% |
| 90 Day | 4.9% | 5.6% | 10.6% |
| 1 Year | 6.2%2.9% | 18.6%15.3% | 27.3%24.6% |
| 3 Year | 34.3%22.2% | 29.3%20.1% | 50.5%40.8% |
| 5 Year | 122.5%87.4% | 89.1%67.9% | 78.9%59.1% |
Price Volatility Vs. Market
How volatile is Glacier Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Why Glacier Bancorp, Inc.'s (NASDAQ:GBCI) High P/E Ratio Isn't Necessarily A Bad Thing2 weeks ago | Simply Wall St
Why You Might Be Interested In Glacier Bancorp, Inc. (NASDAQ:GBCI) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Update: Glacier Bancorp (NASDAQ:GBCI) Stock Gained 74% In The Last Five YearsValuation
Is Glacier Bancorp undervalued compared to its fair value and its price relative to the market?
12.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GBCI ($45.01) is trading below our estimate of fair value ($51.34)
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 (19.2x) compared to the Banks industry average (12.8x).
PE vs Market: GBCI is good value based on its PE Ratio (18.9x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: GBCI is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: GBCI is overvalued based on its PB Ratio (2.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Glacier Bancorp forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
7.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GBCI's forecast earnings growth (7.7% per year) is above the savings rate (1.7%).
Earnings vs Market: GBCI's earnings (7.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: GBCI's earnings are forecast to grow, but not significantly.
Revenue vs Market: GBCI's revenue (7% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: GBCI's revenue (7% 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 (11.5%).
Next Steps
Past Performance
How has Glacier Bancorp performed over the past 5 years?
12.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GBCI has high quality earnings.
Growing Profit Margin: GBCI's current net profit margins (33.1%) are higher than last year (28.7%).
Past Earnings Growth Analysis
Earnings Trend: GBCI's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: GBCI's earnings growth over the past year (37.7%) exceeds its 5-year average (12.1% per year).
Earnings vs Industry: GBCI earnings growth over the past year (37.7%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: GBCI's Return on Equity (10.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
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
Inventory Level: GBCI has a low level of unsold assets or inventory.
Debt Coverage by Assets: GBCI's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: GBCI's level of assets compared to its equity is low.
Allowance for Bad Loans: GBCI has a sufficient allowance for bad loans.
Low Risk Liabilities: GBCI's liabilities are made up of primarily low risk sources of funding.
Loan Level: GBCI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GBCI's loans are broadly funded by customer deposits.
Level of Bad Loans: GBCI has an appropriate level of bad loans (0.5%)
Next Steps
Dividend
What is Glacier Bancorp's current dividend yield, its reliability and sustainability?
3.07%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GBCI's dividend (3.02%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: GBCI's dividend (3.02%) is low compared to the top 25% of dividend payers in the US market (3.66%).
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 (46%), 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 covered by earnings (54.2% payout ratio).
Next Steps
Management
What is the CEO of Glacier Bancorp's salary, the management and board of directors tenure and is there insider trading?
12.4yrs
Average management tenure
CEO
Randy Chesler (60yo)
3yrs
Tenure
US$1,859,189
Compensation
Mr. Randall M. Chesler, also known as Randy, has been the President of Glacier Bank, Inc. since August 1, 2015. Mr. Chesler has been President and Chief Executive Officer of Glacier Bancorp, Inc. since Jan ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD1.86M) is below average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Randy's compensation has increased by more than 20% in the past year.
Management Age and Tenure
12.4yrs
Average Tenure
60yo
Average Age
Experienced Management: GBCI's management team is seasoned and experienced (12.4 years average tenure).
Board Age and Tenure
8.4yrs
Average Tenure
68yo
Average Age
Experienced Board: GBCI's board of directors are considered experienced (8.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 25,399 |
| Max Price | US$40.36 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.
Management Team
Marcia Johnson (60yo)
Senior VP & Chief Operating Officer
Ron Copher (61yo)
Executive VP
- Tenure: 12.8yrs
- Compensation: US$875.81k
Randy Chesler (60yo)
President
- Tenure: 3yrs
- Compensation: US$1.86m
Don Chery (56yo)
Executive VP & Chief Administrative Officer
- Tenure: 12.4yrs
- Compensation: US$726.30k
Paul Peterson (69yo)
Senior VP & Corporate Real Estate Manager
Barry Johnston
Senior VP & Chief Credit Officer
Ryan Screnar
Senior VP & Compliance Director
Mark MacMillan
Senior VP & Chief Information Officer
Angela Dose
Senior VP & Principal Accounting Officer
David Langston
Senior VP & Human Resources Director
Board Members
Randy Chesler (60yo)
President
- Tenure: 3yrs
- Compensation: US$1.86m
Dave Boyles (68yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: US$32.10k
John Murdoch (76yo)
Independent Director
- Tenure: 14.3yrs
- Compensation: US$83.65k
Jim English (74yo)
Independent Director
- Tenure: 15.9yrs
- Compensation: US$96.20k
Craig Langel (68yo)
Independent Director
- Tenure: 14.1yrs
- Compensation: US$76.02k
Douglas McBride (66yo)
Independent Director
- Tenure: 13.3yrs
- Compensation: US$104.03k
Dallas Herron (74yo)
Independent Chairman of the Board
- Tenure: 6.8yrs
- Compensation: US$99.82k
Sherry Cladouhos (63yo)
Independent Director
- Tenure: 9.3yrs
- Compensation: US$83.21k
Annie Goodwin (60yo)
Independent Director
- Tenure: 7.6yrs
- Compensation: US$76.02k
George Sutton (71yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$75.27k
Company Information
Glacier Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Glacier Bancorp, Inc.
- Ticker: GBCI
- Exchange: NasdaqGS
- Founded: 2004
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$4.086b
- Shares outstanding: 92.19m
- Website: https://www.glacierbancorp.com
Number of Employees
Location
- Glacier Bancorp, Inc.
- 49 Commons Loop
- Kalispell
- Montana
- 59901
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GBCI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1984 |
| GLC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1984 |
Biography
Glacier Bancorp, Inc. operates as the 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. 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; second mortgage loans; municipal loans; home equity loans consisting of 1-4 family junior lien mortgages, and first and junior lien lines of credit secured by residential real estate; and agriculture loans. Further, the company provides mortgage origination services. It has 167 locations, including 149 branches and 18 loan or administration offices in 63 counties within 7 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, and Arizona. The company was incorporated in 2004 and is headquartered in Kalispell, Montana.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 23:36 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.