Glacier Bancorp, Inc.

NYSE:GBCI Stock Report

Market Cap: US$6.2b

Glacier Bancorp Past Earnings Performance

Past criteria checks 4/6

Glacier Bancorp's earnings have been declining at an average annual rate of -8%, while the Banks industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 2.8% per year. Glacier Bancorp's return on equity is 6.3%, and it has net margins of 25.7%.

Key information

-8.03%

Earnings growth rate

-12.61%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate2.82%
Return on equity6.28%
Net Margin25.70%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • May 12

GBCI: Future Upside Will Rely On Stronger Margins And Dividend Discipline

Analysts have nudged their fair value estimate for Glacier Bancorp higher, with the price target moving from $55.33 to $56.50. The adjustment is supported by updated views on profit margins and future P/E assumptions reflected in recent Street research.
Narrative Update • Apr 23

GBCI: Future Upside Will Rely On Dividend Discipline And CFO Transition Execution

Analysts kept their fair value estimate for Glacier Bancorp steady at $55.33, with recent price target increases of $3 from DA Davidson and Keefe Bruyette balanced against a more cautious stance from Brean Capital, which moved its rating to Neutral from Buy. Analyst Commentary Bullish Takeaways Bullish analysts raising their price targets by $3 suggest they see the current share price as reasonable relative to the fair value estimate of $55.33, even after recent moves.
Narrative Update • Apr 09

GBCI: Future Upside Will Rely On Credit And Dividend Discipline

Analysts have trimmed the implied fair value estimate for Glacier Bancorp from about $56.50 to roughly $55.33, reflecting a mix of fresh price target hikes from DA Davidson and Keefe Bruyette and a more cautious stance from Brean Capital. Analyst Commentary Bullish Takeaways Bullish analysts lifting their price targets suggest they see the recent share price as leaving some room relative to their reassessed fair value estimates.
Narrative Update • Mar 25

GBCI: Future Upside Will Rely On Credit Quality Discipline

Analysts have kept their average price target for Glacier Bancorp around $56.50, with the small tweak reflecting mixed views, as some firms lifted targets by $3 while others shifted to a more cautious rating. Analyst Commentary Recent Street research on Glacier Bancorp shows a mix of optimistic and cautious views, with some firms adjusting ratings and US$ price targets while others adopt a more neutral stance on execution and risk.
Narrative Update • Mar 11

GBCI: Future Earnings Resilience Will Rely On Credit Quality Discipline

The analyst price target for Glacier Bancorp has shifted modestly by $0.00, as analysts balance slightly higher revenue growth and a marginally lower discount rate against a small reduction in projected profit margin and future P/E assumptions. Analyst Commentary Recent Street research on Glacier Bancorp shows a mix of optimism and caution, with some analysts lifting price targets and others shifting to a more neutral stance.
Narrative Update • Feb 24

GBCI: Future Earnings Resilience Will Depend On Credit Quality Execution

The updated analyst price target for Glacier Bancorp has declined by about $0.30 per share, as analysts balance recent target increases from DA Davidson and Keefe Bruyette with more cautious views reflected in a shift to Neutral ratings. Analyst Commentary Recent research on Glacier Bancorp reflects a mixed tone, with some analysts highlighting upside potential in the shares while others are stepping back toward a more cautious stance.
Narrative Update • Feb 08

GBCI: Future Dividend And Earnings Resilience Will Shape Balanced Return Potential

Narrative Update on Glacier Bancorp Analysts have raised their price target on Glacier Bancorp by about US$3 to approximately US$57, reflecting updated assumptions about fair value, discount rates, profitability, and future P/E. Analyst Commentary Recent research updates point to a more constructive view on Glacier Bancorp, with price targets moving to around US$57 as analysts refresh their valuation work and underlying assumptions.
Narrative Update • Jan 24

GBCI: Future Dividend Decisions Will Support More Attractive Shareholder Return Potential

Analysts now see fair value for Glacier Bancorp at about US$53.83 per share, up roughly US$0.50 from the prior US$53.33, reflecting slightly updated assumptions for discount rate, revenue growth, profit margin, and forward P/E multiples. What's in the News Reported net charge offs of US$6.4 million for the fourth quarter ended December 31, 2025, compared with US$2.9 million in the prior quarter and US$5.2 million in the prior year fourth quarter (Key Developments).
Narrative Update • Jan 10

GBCI: Future Dividend Decisions Will Support Stronger Shareholder Return Profile

Analysts have maintained their price target on Glacier Bancorp at US$53.33, citing largely unchanged views on fair value, discount rate, revenue growth, profit margin, and forward P/E assumptions. What's in the News Board meeting scheduled for November 12, 2025, with an agenda to consider declaring a quarterly dividend, indicating an upcoming decision on shareholder cash returns (Key Developments).
Narrative Update • Dec 19

GBCI: Future Dividend Stability Will Drive Stronger Shareholder Return Profile

Analysts have trimmed their price target on Glacier Bancorp by approximately 0.50 dollars to 53.33 dollars. This reflects modestly lower revenue growth assumptions, partially offset by slightly improved profit margins and a higher expected future P/E multiple.
Analysis Article • Dec 05

Glacier Bancorp (NYSE:GBCI) Is Paying Out A Dividend Of $0.33

Glacier Bancorp, Inc. ( NYSE:GBCI ) will pay a dividend of $0.33 on the 18th of December. This means that the annual...
Analysis Article • Nov 16

Glacier Bancorp (NYSE:GBCI) Has Affirmed Its Dividend Of $0.33

Glacier Bancorp, Inc.'s ( NYSE:GBCI ) investors are due to receive a payment of $0.33 per share on 18th of December...
Seeking Alpha • Oct 22

Glacier Bancorp Seems Fairly Valued Considering Its M&A Strategy

Summary The recent back-to-back acquisitions will drive Glacier Bancorp, Inc.'s earnings. The latest acquisition will also boost the margin. GBCI seems safe from asset quality concerns for now. I'm maintaining a Hold rating on GBCI stock based on total expected return of negative 9.6%. Read the full article on Seeking Alpha
Narrative Update • Oct 10

Mountain West Urbanization And Digital Advances Will Transform Banking

Glacier Bancorp's analyst price target has been revised upward by $2.00 to $53.83, as analysts cite marginal improvements in projected revenue growth and profit margins. What's in the News Glacier Bancorp reported net charge-offs of $1.6 million for the second quarter ended June 30, 2025, showing a decrease from $1.8 million in the prior quarter and $2.9 million for the same quarter last year (Key Developments).
Analysis Article • Sep 26

Glacier Bancorp (NYSE:GBCI) Will Pay A Dividend Of $0.33

Glacier Bancorp, Inc. ( NYSE:GBCI ) will pay a dividend of $0.33 on the 16th of October. This means that the annual...
Narrative Update • Sep 26

Mountain West Urbanization And Digital Advances Will Transform Banking

The slight increase in Glacier Bancorp's future P/E ratio indicates marginally improved earnings expectations, leading to a modest $1 upward revision in the consensus analyst price target to $51.83. What's in the News Net charge-offs for the second quarter totaled $1.6 million, down from $1.8 million in the prior quarter and $2.9 million in the prior year period.
Seeking Alpha • Apr 29

Glacier Bancorp: A Subdued Q1 2025, But I Remain Optimistic

Summary Glacier Bancorp has a competitive advantage in Montana and Idaho, with low deposit costs and high creditworthiness customers, making it a solid investment. Despite a disappointing Q1 2025 due to seasonality and payoffs, management expects loan growth and improved net interest margins for FY 2025. GBCI's dividend yield is 3.23%, with a history of 160 consecutive quarterly payments, though EPS decline has raised concerns. Current price is attractive, with tangible book value 13% below the 3-year average, making GBCI a buy despite macroeconomic risks. Read the full article on Seeking Alpha
Seeking Alpha • Jan 15

Glacier Bancorp: Bank Of Idaho Acquisition Benefits Seem Priced In

Summary I’m estimating the upcoming Bank of Idaho acquisition to lift the loan book by 5.8% and the net interest margin by 7 basis points in the second quarter of 2025. Glacier Bancorp’s earnings will likely also benefit from a resurgence of mortgage banking income amid a falling interest rate environment. I’m expecting EPS to grow to $2.35 in 2025 from an estimated $1.70 in 2024. The December 2025 target price suggests a small downside from the current market price. Further, GBCI is offering a low dividend yield of 2.6%. Read the full article on Seeking Alpha
Seeking Alpha • Sep 18

Glacier Bancorp: Stagnant Dividend Growth

Summary Glacier Bancorp's strong exposure to CRE loans and stagnant dividend growth make it a hold, despite solid deposits and competitive advantage in deposit costs. Organic loan growth has significantly slowed, and the securities portfolio is being sidelined due to high unrealized losses. The potential Fed Funds Rate cut could boost loan demand, but the economic outlook remains uncertain and risky for GBCI. GBCI's dividend yield is low and lacks growth, making it less attractive compared to the S&P 500 over the past decade. Read the full article on Seeking Alpha
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New Narrative • Aug 30

Enhancing Growth Through Heartland Bank Acquisition And Net Interest Margin Improvement

Acquisition of Heartland Bank branches aims to bolster the deposit base and loan portfolio, enhancing net interest income and loan growth potential.
Seeking Alpha • May 18

Glacier Bancorp: Time For A Downgrade

Summary Glacier Bancorp's stock did not decline in price but failed to meet expectations, underperforming the broader market since I last rated it a 'buy'. Weaknesses in net interest income, non-interest income, and net profits have been observed in the company's recent financial results. Despite some positive growth in loans and deposits, the stock is not priced attractively compared to its peers, leading to a downgrade to a 'hold' rating. Read the full article on Seeking Alpha
Seeking Alpha • Feb 16

Glacier Bancorp: A Robust Performance, But Still Too Expensive For Me

Summary Glacier Bancorp, Inc.'s share price has decreased by approximately 30% in the past 18 months. The bank's financial performance remains strong, with low non-performing loans. Glacier Bancorp's premium valuation may be maintained due to its low amount of non-accruing loans. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Glacier Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:GBCI Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261,0372675560
31 Dec 259532395260
30 Sep 259002374820
30 Jun 258552204680
31 Mar 258292124560
31 Dec 248021904500
30 Sep 247801834390
30 Jun 247661844290
31 Mar 247671944210
31 Dec 237872234070
30 Sep 238222484160
30 Jun 238552754180
31 Mar 238812974190
31 Dec 228853034140
30 Sep 228502744110
30 Jun 228202713920
31 Mar 227932723720
31 Dec 217792853510
30 Sep 217983163390
30 Jun 218013183370
31 Mar 217763043290
31 Dec 207282663270
30 Sep 206812423110
30 Jun 206552163010
31 Mar 206342052940
31 Dec 196292112900
30 Sep 196102032780
30 Jun 195792002680
31 Mar 195651922640
31 Dec 185391822550
30 Sep 185141472440
30 Jun 184881342330
31 Mar 184631242210
31 Dec 174471162130
30 Sep 174391322090
30 Jun 174291272060
31 Mar 174231242040
31 Dec 164201212040
30 Sep 164121201990
30 Jun 164041181940
31 Mar 163951171880
31 Dec 153871161810
30 Sep 153791151750
30 Jun 153741141700

Quality Earnings: GBCI has high quality earnings.

Growing Profit Margin: GBCI's current net profit margins (25.7%) are higher than last year (25.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GBCI's earnings have declined by 8% per year over the past 5 years.

Accelerating Growth: GBCI's earnings growth over the past year (25.7%) exceeds its 5-year average (-8% per year).

Earnings vs Industry: GBCI earnings growth over the past year (25.7%) exceeded the Banks industry 22.8%.

Return on Equity

High ROE: GBCI's Return on Equity (6.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 03:48
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Glacier Bancorp, Inc. is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph GladueB. Riley Securities, Inc.
null nullD.A. Davidson & Co.
Jeffrey RulisD.A. Davidson & Co.