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Glacier Bancorp (GBCI)
NYSE:GBCI
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Glacier Bancorp
(NYSE:GBCI)
Rating:73Outperform
Price Target:
$47.00
â–²(11.51%Upside)
Glacier Bancorp (GBCI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.72B
Dividend Yield3.17%
Average Volume (3M)663.02K
Price to Earnings (P/E)22.3
Beta (1Y)1.06
Revenue Growth8.10%
EPS Growth6.95%
CountryUS
Employees3,457
SectorFinancial
Sector Strength80
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.48
Shares Outstanding113,517,944
10 Day Avg. Volume630,354
30 Day Avg. Volume663,018
Financial Highlights & Ratios
PEG Ratio2.00
Price to Book (P/B)2.07
Price to Sales (P/S)0.00
P/FCF Ratio19.30
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit4.85
Enterprise Value/Ebitda3.66
Forecast
1Y Price Target
$49.50Price Target Upside17.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Glacier Bancorp Business Overview & Revenue Model
Company DescriptionGlacier Bancorp, Inc. (GBCI) is a regional bank holding company headquartered in Kalispell, Montana. It primarily operates in the financial services sector, providing a comprehensive range of banking services through its subsidiaries. The company focuses on community banking, offering personal and commercial banking services, including deposit accounts, lending, mortgage origination, and wealth management services. Glacier Bancorp serves individuals, small to medium-sized businesses, and public sector entities across several states in the Western United States.
How the Company Makes MoneyGlacier Bancorp makes money primarily through interest income derived from its loan portfolio, which includes commercial, real estate, agricultural, and consumer loans. The company also earns revenue from interest on its securities portfolio. Non-interest income, another significant revenue stream, comes from service charges on deposit accounts, fees from mortgage banking, wealth management services, and other financial products. The bank's earnings are further supported by its strong regional presence, allowing it to leverage local market knowledge and relationships. Strategic acquisitions and partnerships with other financial institutions also contribute to Glacier Bancorp's growth and revenue.
Glacier Bancorp Earnings Call Summary
Earnings Call Date:Apr 24, 2025
(Q1-2025)
| % Change Since: -1.10%|
Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment Positive
The earnings call reflected strong financial performance with significant increases in earnings and net interest margin, successful acquisitions, and consistent dividend growth. However, there were concerns regarding a decrease in total loans, an increased allowance for credit loss due to economic uncertainties, and nonaccrual issues in a C&I credit. Despite these challenges, the overall sentiment remains positive with expectations for continued growth and improvement.Q1-2025 Updates
Positive Updates
Significant Increase in Earnings
Diluted earnings per share for the current quarter was $0.48 per share, an increase of 66% from the prior year first quarter. Net income was $54.6 million for the current quarter, an increase of $21.9 million or 67% from the prior year.
Net Interest Margin Improvement
The net interest margin for the current quarter was 3.04%, an increase of 45 basis points from the prior year first quarter margin of 2.59%. This marks the first time the margin has exceeded 3% in two years, with expectations for continued growth.
Successful Acquisitions and Expansions
The acquisition of Bank of Idaho, with $1.3 billion in assets, was announced and expected to close by the end of the month. This acquisition strategically expands Glacier's presence in high-growth markets.
Improved Tangible Stockholders' Equity
Tangible stockholders' equity increased by $67 million or 3% from the prior quarter and $147 million or 7% from the prior year.
Consistent Dividend Growth
Declared a quarterly dividend of 33¢ per share, marking 60 consecutive quarterly dividends and 49 increases.
Negative Updates
Decrease in Total Loans
Total loans decreased by $48 million from the prior quarter due to accelerated payoffs, although this trend is not expected to continue.
Increased Allowance for Credit Loss
The allowance for credit loss was increased to 1.22% of total loans from 1.19% last quarter due to economic uncertainties.
Nonaccrual Issues in C&I Credit
An uptick in nonaccruals was noted, centered in one relationship due to management issues, though no loss is expected.
Company Guidance
During the Glacier Bancorp first-quarter earnings call for fiscal year 2025, CEO Randy Chesler reported a strong financial performance with diluted earnings per share of $0.48, marking a 66% increase from the previous year. The bank's net income rose to $54.6 million, a 67% increase from the prior year. The net interest margin improved to 3.04%, a seven-basis-point rise from the previous quarter and a 45-basis-point increase from the previous year. Total deposits grew by $87.1 million, reaching $20.6 billion, while total loans slightly decreased due to accelerated payoffs. The bank maintained solid expense control, with noninterest expenses nearly flat compared to the previous year. Glacier Bancorp also increased its allowance for credit losses to 1.22% due to economic uncertainties. Tangible stockholders' equity rose by 3% to $2.2 billion, and the tangible book value per share increased by 3% to $19.28. A quarterly dividend of 33¢ per share was declared, continuing a streak of 60 consecutive quarterly dividends. The company announced the acquisition of Bank of Idaho, expected to provide a strategic expansion in several high-growth markets.Glacier Bancorp Financial Statement Overview
Summary
Glacier Bancorp shows solid financial performance with strong revenue growth and cash flow management. However, efficiency concerns with net profit margin and ROE, coupled with increasing debt levels, present areas for improvement.Income Statement
Glacier Bancorp's income statement reflects a stable financial performance with consistent revenue growth over the years. The TTM gross profit margin is approximately 71.6%, indicating strong profitability. However, the net profit margin is relatively lower at 18.7%, which suggests some efficiency issues in managing costs. The EBIT margin for TTM stands at 42.7%, showcasing solid operating performance, while EBITDA margin is notably lower at 17.7%. Revenue growth from 2023 to 2024 was significant at 44.4%, highlighting robust growth, although revenue slightly declined in TTM compared to 2024, indicating potential revenue fluctuation concerns.75
Positive
Balance Sheet
The balance sheet of Glacier Bancorp shows a reasonable financial position with a debt-to-equity ratio of 1.09 for TTM, indicating moderate leverage. The equity ratio is 11.8%, suggesting a relatively low equity cushion against liabilities. Return on Equity (ROE) for the TTM period is 6.5%, reflecting modest efficiency in generating returns on shareholders’ equity. The increase in total debt over time may be a potential risk factor, which needs monitoring.70
Positive
Cash Flow
Glacier Bancorp has demonstrated a strong cash flow position with an impressive free cash flow growth rate of 49.3% from 2023 to 2024. The operating cash flow to net income ratio of 1.66 indicates excellent cash generation efficiency from operations. Additionally, the free cash flow to net income ratio of 1.48 suggests substantial free cash flow relative to net income, further reinforcing the company's strong cash flow management.82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26B | 802.49M | 789.44M | 933.37M | 812.73M | 790.08M |
| Gross Profit | 811.87M | 781.72M | 787.47M | 872.14M | 771.10M | 727.79M |
| EBITDA | 295.99M | 267.97M | 304.75M | 406.77M | 381.48M | 358.83M |
| Net Income | 212.09M | 190.14M | 222.93M | 303.20M | 284.76M | 266.40M |
Balance Sheet | ||||||
| Total Assets | 27.86B | 27.90B | 27.74B | 26.64B | 25.94B | 18.50B |
| Cash, Cash Equivalents and Short-Term Investments | 4.49B | 4.51B | 1.35B | 5.71B | 9.61B | 5.97B |
| Total Debt | 1.77B | 2.02B | 2.95B | 2.01B | 176.71M | 173.03M |
| Total Liabilities | 24.57B | 24.68B | 24.72B | 23.79B | 22.76B | 16.20B |
| Stockholders Equity | 3.29B | 3.22B | 3.02B | 2.84B | 3.18B | 2.31B |
Cash Flow | ||||||
| Free Cash Flow | 307.56M | 209.76M | 451.43M | 447.42M | 562.61M | 177.83M |
| Operating Cash Flow | 351.81M | 258.04M | 500.71M | 470.66M | 572.05M | 189.54M |
| Investing Cash Flow | 499.29M | 493.14M | -207.49M | -1.35B | -3.91B | -3.56B |
| Financing Cash Flow | -538.79M | -1.26B | 659.12M | 845.43M | 3.14B | 3.68B |
Glacier Bancorp Technical Analysis
Positive
42.15
Price Trends
41.46
Positive
43.85
Negative
47.05
Negative
Market Momentum
-0.17
Positive
53.03
Neutral
35.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBCI, the sentiment is Positive. The current price of 42.15 is above the 20-day moving average (MA) of 41.65, above the 50-day MA of 41.46, and below the 200-day MA of 47.05, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 53.03 is Neutral, neither overbought nor oversold. The STOCH value of 35.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GBCI.
Glacier Bancorp Risk Analysis
Glacier Bancorp disclosed 28 risk factors in its most recent earnings report. Glacier Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The Company's business may be materially affected by the emergence of disruptive new technologies or approaches enabled by the rapid pace of innovation unfolding in the artificial intelligence space. Q4, 2024
2.
Significant changes or developments in U.S. laws or policies, and the reactions of the national and global economy to such changes, may have a material adverse effect on our business. Q4, 2024
3.
Non-compliance with the Patriot Act, BSA, or other laws and regulations could result in fines or sanctions and limit our ability to get regulatory approval of acquisitions. Q4, 2024
Glacier Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $5.09B | 11.15 | 7.40% | 3.39% | 10.34% | 2.54% | |
73 Outperform | $4.72B | 22.25 | 6.63% | 3.17% | 8.10% | 6.95% | |
71 Outperform | $5.00B | 12.89 | 5.48% | 4.97% | 1.48% | -18.84% | |
70 Outperform | $5.10B | 13.31 | 7.30% | 4.12% | 6.59% | 2.88% | |
70 Neutral | $4.85B | 9.67 | 9.73% | 6.29% | -0.17% | 1.69% | |
69 Neutral | $5.10B | 22.08 | 14.60% | 2.13% | 16.01% | 15.70% | |
67 Neutral | $16.42B | 11.19 | 9.71% | 4.02% | 11.97% | -10.50% |
* Financial Sector Average
Performance Comparison
GBCI
Glacier Bancorp
42.15
7.28
20.88%
COLB
Columbia Banking System
23.06
5.50
31.32%
FNB
F.N.B.
14.37
1.75
13.87%
FFIN
First Financial Bankshares
36.24
8.44
30.36%
UBSI
United Bankshares
36.44
6.49
21.67%
VLY
Valley National Bancorp
8.92
2.63
41.81%
Glacier Bancorp Corporate Events
M&A TransactionsBusiness Operations and Strategy
Glacier Bancorp Announces Merger with Guaranty Bancshares
Positive
Jun 24, 2025
On June 24, 2025, Glacier Bancorp, Inc. and Guaranty Bancshares, Inc. announced a merger agreement where Glacier will acquire Guaranty in an all-stock transaction valued at approximately $476.2 million. This acquisition will enable Glacier to expand its presence into Texas, marking its 27th acquisition since 2000. The merger is expected to close in the fourth quarter of 2025, subject to regulatory and shareholder approvals. The transaction will create a new banking division under the name ‘Guaranty Bank & Trust, Division of Glacier Bank,’ enhancing Glacier’s strategic growth in the Southwest and providing Guaranty with a larger balance sheet and resources to invest in technology and products.
The most recent analyst rating on (GBCI) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Glacier Bancorp stock, see the GBCI Stock Forecast page.
M&A TransactionsBusiness Operations and Strategy
Glacier Bancorp Completes Acquisition of Bank of Idaho
Positive
May 5, 2025
On April 30, 2025, Glacier Bancorp completed the acquisition of Bank of Idaho Holding Co., enhancing its market presence in Idaho and Eastern Washington. This strategic acquisition aligns with Glacier’s long-term strategy and positions it as a leading community bank in these regions, further solidifying its market position and expanding its footprint.
Shareholder MeetingsBusiness Operations and Strategy
Glacier Bancorp Holds Annual Shareholders Meeting 2025
Neutral
May 2, 2025
On April 30, 2025, Glacier Bancorp held its Annual Meeting of Shareholders in Kalispell, Montana, where key decisions were made, including the election of ten directors, approval of the 2025 Stock Incentive Plan, and ratification of Forvis Mazars, LLP as the independent accounting firm for 2025. These decisions reflect the company’s ongoing strategic initiatives and commitment to governance, potentially impacting its operational efficiency and stakeholder confidence.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.