Glacier Bancorp (GBCI)
Market Price (5/7/2026): $49.75 | Market Cap: $6.5 BilSector: Financials | Industry: Regional Banks
Glacier Bancorp (GBCI)
Market Price (5/7/2026): $49.75Market Cap: $6.5 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 2.5%, FCF Yield is 5.8% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -74% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35% Low stock price volatilityVol 12M is 30% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 14% Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 27% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Weak multi-year price returns2Y Excs Rtn is -3.6%, 3Y Excs Rtn is -0.9% | Key risksGBCI key risks include [1] heightened credit risk from its notable concentration in commercial and real estate development loans and [2] challenges successfully integrating the strategic acquisitions central to its growth strategy. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 2.5%, FCF Yield is 5.8% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -74% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35% |
| Low stock price volatilityVol 12M is 30% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 14% |
| Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 27% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Weak multi-year price returns2Y Excs Rtn is -3.6%, 3Y Excs Rtn is -0.9% |
| Key risksGBCI key risks include [1] heightened credit risk from its notable concentration in commercial and real estate development loans and [2] challenges successfully integrating the strategic acquisitions central to its growth strategy. |
Qualitative Assessment
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1. Strong Q1 2026 Financial Performance and Optimistic Outlook. Glacier Bancorp reported robust first-quarter 2026 results on April 23rd, with diluted earnings per share (EPS) of $0.63, marking a 31% increase year-over-year, and net income of $82.1 million, a 51% increase from the prior year. The company also significantly expanded its net interest margin to 3.80%, an increase of 22 basis points sequentially and 76 basis points year-over-year. Management expressed confidence in achieving a 4% net interest margin by the second half of 2026, contributing to a positive outlook. This strong performance likely provided a solid floor for the stock, preventing significant declines despite broader market dynamics.
2. Consistent Shareholder Returns and Successful Acquisition Integration. The company demonstrated its commitment to shareholders by declaring its 164th consecutive quarterly dividend of $0.33 per share on March 25, 2026, signaling financial stability. Furthermore, Glacier Bancorp successfully completed the core conversion of Guaranty Bank, an acquisition from October 2025, during the first quarter of 2026. This operational milestone removes integration uncertainty and positions the company to realize the full benefits of the acquisition, reinforcing investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The -1.1% change in GBCI stock from 1/31/2026 to 5/6/2026 was primarily driven by a -8.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.32 | 49.75 | -1.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 922 | 1,087 | 17.9% |
| Net Income Margin (%) | 25.7% | 24.5% | -4.6% |
| P/E Multiple | 25.2 | 24.3 | -3.6% |
| Shares Outstanding (Mil) | 119 | 130 | -8.8% |
| Cumulative Contribution | -1.1% |
Market Drivers
1/31/2026 to 5/6/2026| Return | Correlation | |
|---|---|---|
| GBCI | -1.1% | |
| Market (SPY) | 3.6% | 49.7% |
| Sector (XLF) | -2.5% | 68.0% |
Fundamental Drivers
The 23.6% change in GBCI stock from 10/31/2025 to 5/6/2026 was primarily driven by a 20.5% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.25 | 49.75 | 23.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 922 | 1,087 | 17.9% |
| Net Income Margin (%) | 25.7% | 24.5% | -4.6% |
| P/E Multiple | 20.1 | 24.3 | 20.5% |
| Shares Outstanding (Mil) | 119 | 130 | -8.8% |
| Cumulative Contribution | 23.6% |
Market Drivers
10/31/2025 to 5/6/2026| Return | Correlation | |
|---|---|---|
| GBCI | 23.6% | |
| Market (SPY) | 5.5% | 43.7% |
| Sector (XLF) | -0.2% | 64.4% |
Fundamental Drivers
The 25.6% change in GBCI stock from 4/30/2025 to 5/6/2026 was primarily driven by a 34.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.60 | 49.75 | 25.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 810 | 1,087 | 34.2% |
| Net Income Margin (%) | 23.5% | 24.5% | 4.5% |
| P/E Multiple | 23.6 | 24.3 | 2.8% |
| Shares Outstanding (Mil) | 113 | 130 | -12.8% |
| Cumulative Contribution | 25.6% |
Market Drivers
4/30/2025 to 5/6/2026| Return | Correlation | |
|---|---|---|
| GBCI | 25.6% | |
| Market (SPY) | 30.4% | 48.9% |
| Sector (XLF) | 8.0% | 65.6% |
Fundamental Drivers
The 65.4% change in GBCI stock from 4/30/2023 to 5/6/2026 was primarily driven by a 120.9% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.07 | 49.75 | 65.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 892 | 1,087 | 21.9% |
| Net Income Margin (%) | 34.0% | 24.5% | -27.8% |
| P/E Multiple | 11.0 | 24.3 | 120.9% |
| Shares Outstanding (Mil) | 111 | 130 | -14.8% |
| Cumulative Contribution | 65.4% |
Market Drivers
4/30/2023 to 5/6/2026| Return | Correlation | |
|---|---|---|
| GBCI | 65.4% | |
| Market (SPY) | 78.7% | 48.4% |
| Sector (XLF) | 64.0% | 64.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GBCI Return | 26% | -10% | -13% | 25% | -10% | 11% | 24% |
| Peers Return | 42% | -9% | 14% | 12% | 8% | 7% | 89% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 93% |
Monthly Win Rates [3] | |||||||
| GBCI Win Rate | 67% | 50% | 50% | 50% | 50% | 40% | |
| Peers Win Rate | 70% | 47% | 53% | 48% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| GBCI Max Drawdown | -1% | -20% | -44% | -15% | -24% | -3% | |
| Peers Max Drawdown | -1% | -23% | -35% | -16% | -17% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HOMB, UBSI, OZK, ABCB, WAL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/6/2026 (YTD)
How Low Can It Go
| Event | GBCI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.8% | -18.8% |
| % Gain to Breakeven | 31.2% | 23.1% |
| Time to Breakeven | 149 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.5% | -9.5% |
| % Gain to Breakeven | 18.4% | 10.5% |
| Time to Breakeven | 44 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.9% | -6.7% |
| % Gain to Breakeven | 72.0% | 7.1% |
| Time to Breakeven | 439 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.1% | -24.5% |
| % Gain to Breakeven | 26.7% | 32.4% |
| Time to Breakeven | 170 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.4% | -33.7% |
| % Gain to Breakeven | 62.3% | 50.9% |
| Time to Breakeven | 76 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -14.6% | -19.2% |
| % Gain to Breakeven | 17.1% | 23.7% |
| Time to Breakeven | 24 days | 105 days |
In The Past
Glacier Bancorp's stock fell -23.8% during the 2025 US Tariff Shock. Such a loss loss requires a 31.2% gain to breakeven.
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Asset Allocation
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| Event | GBCI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.8% | -18.8% |
| % Gain to Breakeven | 31.2% | 23.1% |
| Time to Breakeven | 149 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.9% | -6.7% |
| % Gain to Breakeven | 72.0% | 7.1% |
| Time to Breakeven | 439 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.1% | -24.5% |
| % Gain to Breakeven | 26.7% | 32.4% |
| Time to Breakeven | 170 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.4% | -33.7% |
| % Gain to Breakeven | 62.3% | 50.9% |
| Time to Breakeven | 76 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -30.7% | -17.9% |
| % Gain to Breakeven | 44.3% | 21.8% |
| Time to Breakeven | 98 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.2% | -15.4% |
| % Gain to Breakeven | 25.3% | 18.2% |
| Time to Breakeven | 952 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -37.7% | -53.4% |
| % Gain to Breakeven | 60.4% | 114.4% |
| Time to Breakeven | 410 days | 1085 days |
In The Past
Glacier Bancorp's stock fell -23.8% during the 2025 US Tariff Shock. Such a loss loss requires a 31.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Glacier Bancorp (GBCI)
AI Analysis | Feedback
Here are 1-3 brief analogies for Glacier Bancorp (GBCI):
The Bank of America for the Mountain West region.
A multi-state community bank, much like PNC Bank for its core markets.
U.S. Bank for the Intermountain West.
AI Analysis | Feedback
Glacier Bancorp (GBCI) provides the following major products and services:
- Deposit Accounts: Offers various non-interest and interest-bearing accounts, including checking, savings, money market, certificates of deposit, and IRAs, for individuals and businesses.
- Real Estate Loans: Provides financing for residential construction and permanent mortgages, land acquisition and development, and commercial real estate properties.
- Consumer Loans: Offers loans secured by real estate, automobiles, or other assets, including home equity loans and lines of credit.
- Agriculture Loans: Provides specialized financial services and loans tailored for agricultural businesses.
- Mortgage Services: Includes comprehensive mortgage origination and ongoing loan servicing for residential properties.
AI Analysis | Feedback
Glacier Bancorp (GBCI) serves a diverse customer base, providing commercial banking services to a range of clients rather than a few major named companies. Its major customers can be categorized as:
- Individuals: This includes customers utilizing services such as non-interest bearing and interest bearing deposit accounts, residential real estate loans, consumer land or lot acquisition loans, consumer loans secured by various assets, home equity loans, and individual retirement accounts.
- Small to Medium-sized Businesses: These customers engage with the bank for commercial real estate loans, unimproved land and land development loans, residential builder guidance lines, paycheck protection program loans, and agriculture loans.
- Community Organizations and Public Entities: These groups utilize the bank's commercial banking services, including various deposit accounts and financing solutions tailored to their needs.
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Randall M. Chesler, President and CEO
Randall Chesler currently serves as President and CEO of Glacier Bancorp, Inc. and Glacier Bank. Before joining Glacier Bank, Mr. Chesler was President of CIT Bank, where he also led the Small Business Lending and Consumer Finance groups. He has extensive financial services experience from his time with Citi, VISA, and US BankCard. In 2000, he founded Size Technologies, a fintech company that was subsequently purchased by First Data Corp. Mr. Chesler also serves on the Altabank Division Board and the First Community Bank of Utah Division Board. He was appointed CEO in January 2017.
Ron J. Copher, Executive Vice President and CFO
Ron J. Copher is the Executive Vice President and CFO of Glacier Bancorp, Inc. He plans to retire from his role after 20 years with the company. Mr. Copher will continue to serve as CFO until his successor is appointed and will then serve in an advisory role to ensure a smooth transition. During his tenure, he contributed to the company's strong financial performance through disciplined organic growth and strategic acquisitions.
Ryan Screnar, Executive Vice President and Chief Administrative Officer
Ryan Screnar is the Executive Vice President and Chief Administrative Officer, a role he is set to assume in February 2025, succeeding Don Chery. He joined Glacier Bank in 2000 and brings extensive experience in compliance and audit functions. He was appointed Executive Vice President and Chief Compliance Officer effective October 30, 2024.
Lee Groom, Executive Vice President and Chief Experience Officer
Lee Groom was promoted to Executive Vice President and Chief Experience Officer in October 2024, a role that includes overseeing the bank's information technology function. He has been with Glacier Bank since 2018 and has previous experience with notable financial institutions such as HSBC and First Interstate Bank.
Craig A. Langel, Chairman of the Board
Craig A. Langel serves as the Chairman of the Board for Glacier Bancorp, Inc. He is the owner and President of CLC Restaurants, Inc., which operates Taco Bell and KFC restaurants in Montana, Idaho, and Washington. Previously, Mr. Langel was an officer and shareholder of Langel & Associates, P.C. He also serves on the board of directors for the Taco Bell Foundation and the Missoula Children's Theatre, and formerly served on the First Security Bank of Missoula Division Board.
AI Analysis | Feedback
The key risks to Glacier Bancorp's business include its exposure to credit risk, particularly within commercial real estate, interest rate volatility impacting net interest margin, and intense competition, including from financial technology (fintech) companies and the risk of deposit outflows.
- Credit Risk and Commercial Real Estate Exposure: Glacier Bancorp, like other regional banks, faces significant exposure to credit risk, especially in its commercial and real estate lending portfolio. Concerns regarding the deterioration of asset quality and increasing loan defaults during economic slowdowns are prominent. Recent reports indicate investor scrutiny over the sector's exposure to credit risks and the opaque private credit market, with Glacier Bancorp's own Q4 2025 results showing higher net charge-offs.
- Interest Rate Risk and Net Interest Margin Pressure: The profitability of Glacier Bancorp is highly sensitive to fluctuations in interest rates, which directly affect its net interest margin (the difference between interest earned on loans and interest paid on deposits). While rising interest rates can benefit net interest margins, a volatile rate environment or unfavorable rate movements can negatively impact net interest income, which constitutes a significant portion of the company's total revenue. The company's recent performance has shown softer net interest income growth compared to the broader banking industry.
- Competition and Deposit Outflows: Glacier Bancorp operates in a competitive financial services landscape, facing challenges from other financial institutions and rapidly evolving fintech companies. This competition, coupled with the potential for deposit outflows to higher-yielding alternatives, can impact the bank's ability to attract and retain customers and funding. Regulatory compliance costs further add to the operational challenges in this competitive environment.
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The clear emerging threat is the proliferation of digital-first banks (neobanks, challenger banks) and non-bank fintech lenders. These entities leverage advanced technology and operate with significantly lower overheads due to their lack of a physical branch network. They offer streamlined, often faster, and competitive banking products—including deposits, consumer loans, and small business loans—through entirely online and mobile platforms. This model directly challenges traditional branch-based banks like Glacier Bancorp by potentially eroding their deposit base and market share in various lending segments as customer preferences shift towards digital convenience and efficiency.
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Glacier Bancorp (symbol: GBCI) operates in several key segments within the commercial banking sector across eight Western states. While precise addressable market sizes for all its specific products within each of its operating states are not consolidated in available public data, the following provides an overview of the market sizes for its main products and services at the U.S. national level, with some regional and state-specific data where available.
Commercial Banking Services and Deposits
- The U.S. commercial banking market was valued at approximately USD 229 billion in 2023 and is projected to reach USD 339 billion by 2032, with a compound annual growth rate (CAGR) of 5% from 2024 to 2032. Another estimate placed the U.S. commercial banking market size at USD 222.5 billion in 2023, expected to exceed USD 320.5 billion by 2033.
- For deposits, banks with a physical presence in Montana held an estimated $35.5 billion in deposits in 2024. The broader U.S. retail banking market, which encompasses deposits, generated revenues of USD 454.3 billion in 2024 and is anticipated to reach USD 678.3 billion by 2033.
Residential Real Estate Loans and Mortgage Origination
- The U.S. residential real estate market is projected to be $12.00 trillion in 2025, growing to $12.24 trillion in 2026.
- Total U.S. mortgage balances amounted to $12.25 trillion at the end of 2023. The mortgage origination volume for single-family homes in the U.S. reached $246 billion in Q1 2025. The U.S. home mortgage market size, referring to origination volume, was about USD 180.91 billion in 2023 and is projected to grow to approximately USD 501.67 billion by 2032.
- In Montana, new home loans booked in 2024 totaled $2.9 billion. The Real Estate Loans & Collateralized Debt industry in Utah experienced an average annual growth rate of 15.0% from 2020 to 2025.
Commercial Real Estate Loans
- The global real estate loan market, which includes commercial real estate, was valued at $11.05 trillion in 2024 and is expected to grow to $17.54 trillion by 2028.
- The North American commercial lending market, a component of which is commercial real estate, is projected to reach a valuation of USD 2,892.50 billion by 2025. The U.S. commercial real estate (CRE) industry revenue gained at a CAGR of 1.7% to reach $1.5 trillion through the end of 2025. Approximately $936 billion in commercial mortgages are expected to mature in 2026 across the U.S., which will drive refinancing activity.
Consumer Loans
- The global consumer finance market was valued at USD 1,276.6 billion in 2023 and is expected to reach USD 2,534.8 billion by 2033. North America accounted for 37% of this market in 2023, with secured consumer finance products, including housing and auto loans, leading the market with 58% in 2023.
- The broader U.S. loan market, encompassing consumer, mortgage, and business loans, was valued at USD 1123.45 billion in 2024 and is projected to reach USD 1872.45 billion by 2030. The alternative lending market in the United States, which includes personal loans, auto loans, and home improvement loans, is anticipated to grow to US$71.62 billion by 2026.
Agriculture Loans
- The U.S. banking industry held $205 billion in farm loans by the end of 2024. Farm loans secured by real estate in the U.S. exceeded $353 billion in 2023, with projections to increase to nearly $360 billion in 2024.
- In Montana, banks had $1.44 billion in outstanding small farm loans in 2023.
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Glacier Bancorp (GBCI) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, organic growth in its loan and deposit portfolios, and improvements in its net interest margin. The company's expansion into new, high-growth markets and an increase in non-interest income are also anticipated to contribute to revenue expansion. Here are the key drivers of future revenue growth for Glacier Bancorp: * Strategic Acquisitions and Market Expansion: Glacier Bancorp has a history of growth through acquisitions, having completed 28 bank acquisitions since 2000. Recent examples include the April 2025 acquisition of Bank of Idaho Holding Co., which significantly bolstered its presence in high-growth areas of Idaho and Eastern Washington. Additionally, the company's planned acquisition of Guaranty Bancshares, Inc., announced in June 2025, is set to mark its entry into the Texas market, further diversifying its revenue streams and reducing regional risk. These strategic expansions into complementary, high-growth markets are central to the company's long-term growth strategy. * Organic Loan and Deposit Growth: The company has demonstrated strong organic growth in its core banking activities. In 2025, Glacier Bancorp reported double-digit loan and deposit growth. As of the second quarter of 2025, its loan portfolio grew by 10% year-over-year to $18.5 billion, and total deposits increased by 8.0% to $21.63 billion. Analysts expect this trend of organic balance sheet expansion to continue. * Net Interest Margin (NIM) Improvement: Glacier Bancorp anticipates improving its net interest margin and overall efficiency. The net interest margin expanded to 3.21% in the second quarter of 2025, representing a 53 basis point increase from the previous year. By the fourth quarter of 2025, the net interest margin stood at 3.58%, an increase of 19 basis points from the prior quarter and 61 basis points from the prior year. This improvement is primarily driven by strategically reallocating lower-yield investment securities into higher-yield earning assets and effectively reducing the overall cost of funding. * Growth in Non-Interest Income: While net interest income constitutes the majority of the company's revenue, non-interest income is also contributing to growth. For the fourth quarter of 2025, non-interest income totaled $40.4 million, showing a 14% increase over the prior quarter and a 28% increase compared to the prior year. Increases in service charges and other fees have been noted as a factor in this growth.AI Analysis | Feedback
Share Repurchases
- Glacier Bancorp made no stock repurchases during 2025.
- As of December 9, 2025, the company's buyback yield was -5.91%.
Share Issuance
- In connection with the acquisition of Guaranty Bancshares, Inc., Glacier Bancorp expected to issue approximately 11.3 million common shares to Guaranty shareholders, representing about 8.73% of Glacier's outstanding common stock after the merger, which was anticipated to close in Q4 2025.
- Glacier Bancorp completed the acquisition of Bank of Idaho Holding Co. on April 30, 2025, issuing shares valued at $205.0 million.
- For the acquisition of Altabancorp in 2021, AB shareholders received approximately 15,205,405 shares of Glacier common stock, which was about 13.7% of Glacier's outstanding common stock post-merger.
Outbound Investments
- Glacier Bancorp announced the acquisition of Guaranty Bancshares, Inc. in June 2025 for $476.2 million in an all-stock transaction, marking its entry into the Texas market.
- The company completed the acquisition of Bank of Idaho Holding Co. with a total merger consideration valued at approximately $245.4 million, which closed on April 30, 2025.
- Glacier Bancorp finalized the acquisition of Altabancorp in the fourth quarter of 2021, which added approximately $3 billion in assets and around 25 branches in Utah.
Capital Expenditures
- Glacier Bancorp is allocating capital to tech and data modernization in 2025 to support expansion and digital banking growth, including projects like a centralized data lake, risk dashboards, real-time payments, and AI pilots for underwriting.
- Investments through 2024–2025 are focused on streamlined digital onboarding to enhance conversion rates for consumers and small to medium-sized enterprises (SMEs).
- The company plans ongoing branch rationalization and format refreshes through 2025 to improve network efficiency.
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| 12312024 | GBCI | Glacier Bancorp | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -8.7% | -9.6% | -24.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 49.44 |
| Mkt Cap | 6.0 |
| Rev LTM | 1,204 |
| Op Inc LTM | - |
| FCF LTM | 391 |
| FCF 3Y Avg | 374 |
| CFO LTM | 421 |
| CFO 3Y Avg | 399 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 7.4% |
| Rev Chg Q | 12.1% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 38.8% |
| CFO/Rev 3Y Avg | 41.6% |
| FCF/Rev LTM | 36.0% |
| FCF/Rev 3Y Avg | 37.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.0 |
| P/S | 4.9 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 12.2 |
| P/CFO | 12.3 |
| Total Yield | 10.9% |
| Dividend Yield | 2.8% |
| FCF Yield 3Y Avg | 8.0% |
| D/E | 0.1 |
| Net D/E | -0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.6% |
| 3M Rtn | -3.5% |
| 6M Rtn | 16.4% |
| 12M Rtn | 22.0% |
| 3Y Rtn | 76.8% |
| 1M Excs Rtn | -4.2% |
| 3M Excs Rtn | -10.5% |
| 6M Excs Rtn | 9.2% |
| 12M Excs Rtn | -10.0% |
| 3Y Excs Rtn | -9.4% |
Price Behavior
| Market Price | $49.75 | |
| Market Cap ($ Bil) | 6.5 | |
| First Trading Date | 01/27/1992 | |
| Distance from 52W High | -5.8% | |
| 50 Days | 200 Days | |
| DMA Price | $46.22 | $45.74 |
| DMA Trend | up | down |
| Distance from DMA | 7.6% | 8.8% |
| 3M | 1YR | |
| Volatility | 28.6% | 30.5% |
| Downside Capture | 0.78 | 0.54 |
| Upside Capture | 83.77 | 98.58 |
| Correlation (SPY) | 51.3% | 48.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.74 | 0.81 | 0.91 | 0.94 | 1.19 | 1.18 |
| Up Beta | 0.81 | 0.78 | 0.91 | 0.93 | 1.49 | 1.24 |
| Down Beta | 1.35 | 1.20 | 1.19 | 0.98 | 1.28 | 1.05 |
| Up Capture | 85% | 89% | 81% | 119% | 96% | 170% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 13 | 24 | 36 | 71 | 130 | 382 |
| Down Capture | -85% | 56% | 88% | 77% | 105% | 105% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 19 | 28 | 54 | 122 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBCI | |
|---|---|---|---|---|
| GBCI | 22.9% | 30.5% | 0.69 | - |
| Sector ETF (XLF) | 6.5% | 14.6% | 0.21 | 65.5% |
| Equity (SPY) | 28.5% | 12.5% | 1.78 | 48.5% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 2.8% |
| Commodities (DBC) | 50.9% | 18.0% | 2.20 | -10.7% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 41.5% |
| Bitcoin (BTCUSD) | -14.2% | 42.1% | -0.25 | 26.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBCI | |
|---|---|---|---|---|
| GBCI | -0.7% | 35.2% | 0.05 | - |
| Sector ETF (XLF) | 9.1% | 18.6% | 0.37 | 65.5% |
| Equity (SPY) | 12.7% | 17.1% | 0.58 | 51.7% |
| Gold (GLD) | 21.0% | 17.9% | 0.96 | 3.0% |
| Commodities (DBC) | 13.9% | 19.1% | 0.60 | 8.6% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 50.6% |
| Bitcoin (BTCUSD) | 8.7% | 56.1% | 0.37 | 18.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBCI | |
|---|---|---|---|---|
| GBCI | 10.0% | 35.1% | 0.37 | - |
| Sector ETF (XLF) | 12.5% | 22.2% | 0.52 | 73.7% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 58.6% |
| Gold (GLD) | 13.7% | 16.0% | 0.71 | -4.2% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 18.0% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 52.4% |
| Bitcoin (BTCUSD) | 68.4% | 66.9% | 1.07 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | -1.3% | -0.6% | |
| 1/22/2026 | -3.7% | 0.1% | -4.4% |
| 10/16/2025 | -2.5% | -4.5% | -6.0% |
| 7/24/2025 | 1.7% | -1.6% | 8.7% |
| 4/24/2025 | -4.2% | -3.7% | -4.6% |
| 1/23/2025 | -1.5% | -3.3% | -7.8% |
| 10/24/2024 | 3.9% | 9.3% | 22.2% |
| 7/18/2024 | -0.6% | 4.7% | 1.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 14 |
| # Negative | 14 | 13 | 9 |
| Median Positive | 3.2% | 3.6% | 8.4% |
| Median Negative | -2.5% | -2.5% | -6.0% |
| Max Positive | 8.3% | 9.3% | 22.2% |
| Max Negative | -8.0% | -13.8% | -25.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Screnar, Ryan Thomas | Chief Administrative Officer | Direct | Buy | 2252026 | 48.10 | 187 | 8,995 | 710,100 | Form |
| 2 | Screnar, Ryan Thomas | Chief Compliance Officer | Direct | Buy | 11062025 | 41.88 | 979 | 40,996 | 454,009 | Form |
| 3 | Groom, Lee Kenneth | Chief Experience Officer | Direct | Buy | 11062025 | 41.26 | 2,425 | 100,056 | 591,792 | Form |
| 4 | Copher, Ron J | EXECUTIVE VICE PRESIDENT/CFO | Direct | Buy | 11052025 | 41.17 | 2,400 | 98,808 | 3,978,092 | Form |
| 5 | Chesler, Randall M | PRESIDENT/CEO | 401(k) | Buy | 11052025 | 40.91 | 2,437 | 99,698 | 303,634 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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