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Glacier Bancorp

Nasdaq:GBCI
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBCI
Nasdaq
$4B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 17 days ago. More info.


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GBCI Share Price and Events
7 Day Returns
3.3%
NasdaqGS:GBCI
-2.5%
US Banks
-0.7%
US Market
1 Year Returns
-9.1%
NasdaqGS:GBCI
-14.2%
US Banks
-0.5%
US Market
GBCI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Glacier Bancorp (GBCI) 3.3% 3.9% -0.3% -9.1% 40.7% 50.3%
US Banks -2.5% -6.1% -3.8% -14.2% 32.4% 36.7%
US Market -0.7% -3% 0.9% -0.5% 30.4% 37%
1 Year Return vs Industry and Market
  • GBCI outperformed the Banks industry which returned -14.2% over the past year.
  • GBCI underperformed the Market in United States of America which returned -0.5% over the past year.
Price Volatility
GBCI
Industry
5yr Volatility vs Market

Value

 Is Glacier Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Glacier Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Glacier Bancorp.

NasdaqGS:GBCI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= $21.67 * 12.2%
$2.65
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. $21.67
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GBCI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (28.99%))
0.796
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:GBCI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Glacier Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:GBCI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.2% – 7.5%) * $21.67)
$1.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.02 / (7.5% - 2.73%)
$21.46
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $21.67 + $21.46
$43.13
NasdaqGS:GBCI Discount to Share Price
Calculation Result
Value per share (USD) From above. $43.13
Current discount Discount to share price of $40.69
= -1 x ($40.69 - $43.13) / $43.13
5.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Glacier Bancorp is available for.
Intrinsic value
6%
Share price is $40.69 vs Future cash flow value of $43.13
Current Discount Checks
For Glacier Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Glacier Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Glacier Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Glacier Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Glacier Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GBCI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.36
NasdaqGS:GBCI Share Price ** NasdaqGS (2019-08-19) in USD $40.69
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.28x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Glacier Bancorp.

NasdaqGS:GBCI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GBCI Share Price ÷ EPS (both in USD)

= 40.69 ÷ 2.36

17.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Glacier Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Glacier Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Glacier Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:GBCI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
7.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 274 Publicly-Listed Banks Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqGS:GBCI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.23x ÷ 7.7%

2.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Glacier Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Glacier Bancorp's assets?
Raw Data
NasdaqGS:GBCI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $19.48
NasdaqGS:GBCI Share Price * NasdaqGS (2019-08-19) in USD $40.69
United States of America Banks Industry PB Ratio Median Figure of 601 Publicly-Listed Banks Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,276 Publicly-Listed Companies 1.7x
NasdaqGS:GBCI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GBCI Share Price ÷ Book Value per Share (both in USD)

= 40.69 ÷ 19.48

2.09x

* Primary Listing of Glacier Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Glacier Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Glacier Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Glacier Bancorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Glacier Bancorp expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Glacier Bancorp expected to grow at an attractive rate?
  • Glacier Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Glacier Bancorp's earnings growth is positive but not above the United States of America market average.
  • Glacier Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GBCI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:GBCI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 7.7%
NasdaqGS:GBCI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 8.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.5%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:GBCI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GBCI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 670 225 7
2019-12-31 621 209 7
NasdaqGS:GBCI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 581 267 200
2019-03-31 565 279 192
2018-12-31 542 281 182
2018-09-30 514 244 147
2018-06-30 488 217 134
2018-03-31 463 209 124
2017-12-31 447 255 116
2017-09-30 439 243 132
2017-06-30 429 270 127
2017-03-31 423 231 124
2016-12-31 420 193 121
2016-09-30 412 166 120

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Glacier Bancorp's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Glacier Bancorp's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GBCI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Glacier Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GBCI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.46 2.55 2.35 8.00
2019-12-31 2.37 2.41 2.33 8.00
NasdaqGS:GBCI Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.36
2019-03-31 2.28
2018-12-31 2.18
2018-09-30 1.80
2018-06-30 1.67
2018-03-31 1.57
2017-12-31 1.50
2017-09-30 1.72
2017-06-30 1.65
2017-03-31 1.62
2016-12-31 1.59
2016-09-30 1.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Glacier Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Glacier Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Glacier Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Glacier Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Glacier Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Glacier Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Glacier Bancorp's 1-year earnings growth exceeds its 5-year average (49.2% vs 10.6%)
  • Glacier Bancorp's earnings growth has exceeded the US Banks industry average in the past year (49.2% vs 33.2%).
Earnings and Revenue History
Glacier Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Glacier Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GBCI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 580.85 200.46 268.18
2019-03-31 565.38 192.45 264.17
2018-12-31 542.34 181.88 255.44
2018-09-30 513.86 147.24 242.27
2018-06-30 487.57 134.38 233.31
2018-03-31 462.80 123.68 221.30
2017-12-31 446.57 116.38 213.03
2017-09-30 439.34 132.46 209.13
2017-06-30 428.97 126.94 205.74
2017-03-31 423.47 123.70 204.22
2016-12-31 419.51 121.13 203.79
2016-09-30 412.14 119.60 199.21
2016-06-30 403.88 118.26 193.81
2016-03-31 395.24 117.14 187.95
2015-12-31 386.88 116.13 181.30
2015-09-30 378.75 114.67 175.19
2015-06-30 374.05 114.35 170.37
2015-03-31 366.98 113.70 165.37
2014-12-31 360.66 112.76 161.99
2014-09-30 356.96 111.25 156.18
2014-06-30 347.93 107.58 152.48
2014-03-31 335.34 101.61 146.04
2013-12-31 320.98 95.64 140.50
2013-09-30 307.39 89.86 135.54
2013-06-30 297.46 83.67 131.19
2013-03-31 289.36 79.95 129.95
2012-12-31 288.01 75.52 128.95
2012-09-30 285.28 69.11 126.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Glacier Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Glacier Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Glacier Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Glacier Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Glacier Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Glacier Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Glacier Bancorp Company Filings, last reported 1 month ago.

NasdaqGS:GBCI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,687.38 978.11 231.21
2019-03-31 1,550.85 792.93 202.53
2018-12-31 1,515.85 988.67 150.16
2018-09-30 1,492.61 708.22 307.10
2018-06-30 1,473.99 902.37 368.13
2018-03-31 1,454.02 697.23 451.05
2017-12-31 1,199.06 860.32 200.00
2017-09-30 1,206.20 754.37 220.21
2017-06-30 1,209.96 808.41 237.59
2017-03-31 1,135.24 856.86 234.00
2016-12-31 1,116.87 870.56 152.54
2016-09-30 1,147.78 771.51 251.41
2016-06-30 1,124.66 904.05 160.33
2016-03-31 1,093.68 920.04 150.86
2015-12-31 1,076.65 969.49 193.25
2015-09-30 1,074.81 926.39 242.84
2015-06-30 1,056.45 887.10 355.72
2015-03-31 1,053.52 877.65 183.47
2014-12-31 1,028.05 843.74 442.41
2014-09-30 1,040.48 876.67 282.10
2014-06-30 1,010.02 1,055.55 202.36
2014-03-31 984.96 1,147.73 161.69
2013-12-31 963.25 1,287.53 155.66
2013-09-30 947.81 1,417.69 254.68
2013-06-30 929.00 1,652.72 132.46
2013-03-31 914.28 1,264.32 129.06
2012-12-31 900.95 1,438.80 187.04
2012-09-30 890.16 1,484.74 172.40
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Glacier Bancorp has an acceptable proportion of non-loan assets held.
  • Glacier Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Glacier Bancorp are broadly funded by customer deposits.
  • Glacier Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Glacier Bancorp has a sufficient allowance for bad loans.
  • Glacier Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Glacier Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Glacier Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.39%
Current annual income from Glacier Bancorp dividends. Estimated to be 3.07% next year.
If you bought $2,000 of Glacier Bancorp shares you are expected to receive $68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Glacier Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Glacier Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:GBCI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 481 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GBCI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.24 8.00
2019-12-31 1.26 8.00
NasdaqGS:GBCI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-25 1.380 3.461
2019-03-27 1.340 3.269
2018-11-13 1.340 3.164
2018-09-26 1.340 3.140
2018-06-27 1.340 3.102
2018-03-29 1.220 3.131
2017-11-15 1.140 2.916
2017-09-11 1.140 3.129
2017-06-29 1.140 3.302
2017-03-30 1.140 3.343
2016-11-17 1.100 3.100
2016-09-28 1.100 3.812
2016-06-29 1.100 3.912
2016-03-30 1.100 4.239
2015-11-24 1.060 4.224
2015-09-30 0.760 2.736
2015-07-01 0.760 2.771
2015-03-25 0.720 2.648
2014-11-25 0.720 2.832
2014-09-25 0.680 2.525
2014-06-25 0.680 2.500
2014-03-26 0.640 2.375
2013-11-26 0.640 2.248
2013-09-26 0.600 2.240
2013-06-27 0.600 2.511
2013-03-27 0.560 2.925
2012-11-29 0.560 3.499
2012-09-26 0.520 3.561
2012-06-27 0.520 3.352
2012-03-28 0.520 3.566
2011-12-29 0.520 3.742
2011-09-28 0.520 4.574
2011-06-29 0.520 4.514
2011-03-30 0.520 3.658
2010-12-29 0.520 3.462
2010-09-29 0.520 3.702
2010-06-30 0.520 3.500
2010-03-31 0.520 3.157
2009-12-15 0.520 3.623
2009-09-30 0.520 3.924
2009-06-24 0.520 3.501
2009-03-25 0.520 3.212
2008-12-23 0.520 3.358
2008-09-24 0.520 2.802

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Glacier Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Glacier Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Glacier Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Glacier Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Glacier Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Randy Chesler
COMPENSATION $1,859,189
AGE 60
TENURE AS CEO 2.6 years
CEO Bio

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 January 1, 2017. He served as President of CIT Bank, a subsidiary of CIT Group Inc. from July 26, 2013 to August 2015. During his ten years with CIT, Mr. Chesler served as President of CIT Consumer Finance and President of Small Business Lending. He served as an Executive Officer of Student Loan Xpress, Inc. since April 2007 and oversaw it on an interim basis. He has more than 30 years of leadership experience in the financial services and high-tech industries. Prior to CIT, he served as President and Chief Executive Officer of Size Technologies, Inc. Mr. Chesler served as Executive Vice President of Associates First Capital Corporation, where he was the General Manager of their bankcard business and was responsible for significantly expanding the size of their portfolio. Prior to joining the Associates, Mr. Chesler was Executive Vice President of Visa, U.S.A. Previous to his term at Visa, he was Senior Vice President of Citicorp where he held a variety of staff and line positions over 12 years with Citicorp. He has been a Director of Glacier Bancorp, Inc since 2016. He was a member of the American Financial Services Association Board of Directors and is active in the Children's Circle of Care, a group dedicated to the support of the leading children's hospitals in North America. Mr. Chesler holds a Bachelor of Science degree from the University of New York, Plattsburgh with emphasis in business administration and psychology.

CEO Compensation
  • Randy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Randy's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Glacier Bancorp management team in years:

12
Average Tenure
60
Average Age
  • The average tenure for the Glacier Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Randy Chesler

TITLE
President
COMPENSATION
$2M
AGE
60
TENURE
2.6 yrs

Ron Copher

TITLE
Executive VP
COMPENSATION
$876K
AGE
61
TENURE
12.4 yrs

Don Chery

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$726K
AGE
56
TENURE
12 yrs

Marcia Johnson

TITLE
Senior VP & Chief Operating Officer
AGE
60

Angela Dose

TITLE
Senior VP & Principal Accounting Officer

Mark MacMillan

TITLE
Senior VP & Chief Information Officer

Ryan Screnar

TITLE
Senior VP & Compliance Director

David Langston

TITLE
Senior VP & Human Resources Director

Paul Peterson

TITLE
Senior VP & Corporate Real Estate Manager
AGE
69

Barry Johnston

TITLE
Senior VP & Chief Credit Officer
Board of Directors Tenure

Average tenure and age of the Glacier Bancorp board of directors in years:

8
Average Tenure
68
Average Age
  • The tenure for the Glacier Bancorp board of directors is about average.
Board of Directors

Dallas Herron

TITLE
Chairman of the Board
COMPENSATION
$100K
AGE
74
TENURE
6.3 yrs

Randy Chesler

TITLE
President
COMPENSATION
$2M
AGE
60
TENURE
3.3 yrs

Jim English

TITLE
Independent Director
COMPENSATION
$96K
AGE
74
TENURE
15.5 yrs

Craig Langel

TITLE
Director
COMPENSATION
$76K
AGE
68
TENURE
13.7 yrs

Douglas McBride

TITLE
Director
COMPENSATION
$104K
AGE
66
TENURE
12.9 yrs

Sherry Cladouhos

TITLE
Director
COMPENSATION
$83K
AGE
63
TENURE
8.8 yrs

Annie Goodwin

TITLE
Director
COMPENSATION
$76K
AGE
60
TENURE
7.2 yrs

John Murdoch

TITLE
Director
COMPENSATION
$84K
AGE
76
TENURE
13.9 yrs

George Sutton

TITLE
Director
COMPENSATION
$75K
AGE
71
TENURE
1.9 yrs

Dave Boyles

TITLE
Director
COMPENSATION
$32K
AGE
68
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Glacier Bancorp individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Jun 19 Sell David Boyles Individual 04. Jun 19 05. Jun 19 -25,399 $40.36 $-1,024,146
X
Management checks
We assess Glacier Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Glacier Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Glacier Bancorp, Inc.'s (NASDAQ:GBCI) CEO Salary Compare Well With Others?

Randy Chesler became the CEO of Glacier Bancorp, Inc. … Check out our latest analysis for Glacier Bancorp How Does Randy Chesler's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Randy Chesler takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders.

Simply Wall St -

What Makes Glacier Bancorp, Inc. (NASDAQ:GBCI) A Great Dividend Stock?

Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Glacier Bancorp has grown its earnings per share at 13% per annum over the past five years. … Conclusion To summarise, shareholders should always check that Glacier Bancorp's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

One Thing To Remember About The Glacier Bancorp, Inc. (NASDAQ:GBCI) Share Price

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Check out our latest analysis for Glacier Bancorp What we can learn from GBCI's beta value Given that it has a beta of 1.18, we can surmise that the Glacier Bancorp share price has been fairly sensitive to market volatility (over the last 5 years). … What this means for you: Since Glacier Bancorp has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Glacier Bancorp (NASDAQ:GBCI) Shareholders Have Enjoyed A 50% Share Price Gain

There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Glacier Bancorp achieved compound earnings per share growth of 14% per year. … This EPS growth is remarkably close to the 14% average annual increase in the share price.

Simply Wall St -

Have Insiders Been Selling Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares?

See our latest analysis for Glacier Bancorp The Last 12 Months Of Insider Transactions At Glacier Bancorp Over the last year, we can see that the biggest insider sale was by the Director, David Boyles, for US$1.0m worth of shares, at about US$40.36 per share. … NasdaqGS:GBCI Recent Insider Trading, June 27th 2019 Does Glacier Bancorp Boast High Insider Ownership? … Glacier Bancorp insiders own about US$17m worth of shares.

Simply Wall St -

Why Glacier Bancorp, Inc. (NASDAQ:GBCI) Could Be Worth Watching

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … According to my valuation model, Glacier Bancorp seems to be fairly priced at around 10% below my intrinsic value, which means if you buy Glacier Bancorp today, you’d be paying a fair price for it. … This is because Glacier Bancorp’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

Here's Why I Think Glacier Bancorp (NASDAQ:GBCI) Is An Interesting Stock

In contrast to all that, I prefer to spend time on companies like Glacier Bancorp (NASDAQ:GBCI), which has not only revenues, but also profits. … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. … I discovered that the median total compensation for the CEOs of companies like Glacier Bancorp with market caps between US$2.0b and US$6.4b is about US$5.3m.

Simply Wall St -

Should We Worry About Glacier Bancorp, Inc.'s (NASDAQ:GBCI) P/E Ratio?

To keep it practical, we'll show how Glacier Bancorp, Inc.'s (NASDAQ:GBCI) P/E ratio could help you assess the value on offer. … Glacier Bancorp has a price to earnings ratio of 18.79, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

One Thing To Remember About The Glacier Bancorp, Inc. (NASDAQ:GBCI) Share Price

(NASDAQ:GBCI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Does Glacier Bancorp, Inc. (NASDAQ:GBCI) Fare As A Dividend Stock?

The company currently pays out a dividend yield of 3.2% to shareholders, making it a relatively attractive dividend stock. … Does Glacier Bancorp tick all the boxes of a great dividend stock? … 5 checks you should do on a dividend stock

Simply Wall St -

Company Info

Description

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.

Details
Name: Glacier Bancorp, Inc.
GBCI
Exchange: NasdaqGS
Founded: 2004
$3,525,275,561
86,637,394
Website: http://www.glacierbancorp.com
Address: Glacier Bancorp, Inc.
49 Commons Loop,
Kalispell,
Montana, 59901,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GBCI Common Stock Nasdaq Global Select US USD 22. Mar 1984
DB GLC Common Stock Deutsche Boerse AG DE EUR 22. Mar 1984
Number of employees
Current staff
Staff numbers
2,703
Glacier Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 23:37
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/07/29
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.