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Glacier Bancorp
(NYSE:GBCI)
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Rating:66Neutral
Price Target:
$51.00
â–²(8.10% Upside)
Action:Reiterated
Date:09/06/26
Overall score reflects solid underlying financial stability and a notably positive operating outlook from the latest earnings call (margin/NIM trajectory, funding costs, efficiency), offset by weaker current technical momentum and only mid-range valuation support.
Positive Factors
Loan and deposit growth
Loan growth provides a durable foundation for revenue expansion because lending is the bank’s core earning-asset engine. Stable deposits alongside higher loans also indicate continued customer relationships and support future net interest income generation.
Negative Factors
Margins remain below prior peaks
Although profitability remains positive, lower margins than in the 2021–2022 period show that the bank’s earnings power has not fully regained earlier-cycle strength. Persistent compression could limit profit growth even if revenue continues rising.
Read all positive and negative factors
Positive Factors
Negative Factors
Loan and deposit growth
Loan growth provides a durable foundation for revenue expansion because lending is the bank’s core earning-asset engine. Stable deposits alongside higher loans also indicate continued customer relationships and support future net interest income generation.
Read all positive factors
Glacier Bancorp (GBCI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.10B
Dividend Yield2.86%
Average Volume (3M)986.97K
Price to Earnings (P/E)18.7
Beta (1Y)0.88
Revenue Growth20.01%
EPS Growth26.97%
CountryUS
Employees4,125
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.47
Shares Outstanding130,211,960
10 Day Avg. Volume923,101
30 Day Avg. Volume986,969
Financial Highlights & Ratios
PEG Ratio1.16
Price to Book (P/B)1.36
Price to Sales (P/S)4.02
P/FCF Ratio16.47
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$58.67Price Target Upside24.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.07
Revenue Forecast (FY)$1.30B
Glacier Bancorp Business Overview & Revenue Model
Company Description
Glacier Bancorp, Inc. operates as the bank 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 re...
How the Company Makes Money
Glacier Bancorp primarily makes money through banking spread and fee-based services. The core earnings driver is net interest income: it collects interest on loans and other interest-earning assets (such as commercial loans, real estate loans, and...
Glacier Bancorp Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call conveyed strong operating and financial momentum driven by loan growth, margin expansion, improved funding costs, solid PPNR expansion, and disciplined expense control. Credit metrics remain sound and management is actively redeploying capital into loans and securities. Noted challenges were largely manageable and included a modest uptick in nonperforming assets, temporary margin headwinds from timing items, a slight sequential dip in average earning assets due to prior deleveraging, ongoing rational but present deposit competition, and continued monitoring of the agriculture sector. Management retained conservative H2 expense guidance and is keeping capital return options open while monitoring macro and M&A activity.Positive Updates
Strong Quarterly and Year-over-Year Earnings
Net income of $97.9 million in Q2 2026, up 19% sequentially and up 85% year-over-year; diluted EPS of $0.75, up 19% sequentially and up 67% year-over-year.
Negative Updates
Modest Increase in Nonperforming Assets
Nonperforming assets increased modestly during the quarter, though they remained low as a percentage of subsidiary assets.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Quarterly and Year-over-Year Earnings
Net income of $97.9 million in Q2 2026, up 19% sequentially and up 85% year-over-year; diluted EPS of $0.75, up 19% sequentially and up 67% year-over-year.
Read all positive updates
Company Guidance
Management's guidance emphasized continued margin and balance-sheet momentum: deposit costs should remain stable with core deposit cost (including non‑interest bearing) at a ~1.18% spot and total funding cost at 1.33%; tax‑equivalent NIM is expected to exceed 4% by early Q4 and normalize in a 4.0–4.5% range longer term; earning assets are expected to grow in Q3–Q4 after Q2 (loans ended Q2 at $21.4B, up $330M QoQ or ~6% annualized; loan production yields remain >6.5%), average deposits were $24.5B (period‑end $24.7B) with noninterest‑bearing deposits ~30% of total, and the bank purchased roughly $250M of securities in Q2 and will continue reinvesting; expense guidance was reiterated at $187–$192M per quarter (operating efficiency improved to 56.21% from 63.05%), PPNR was $130.8M, Q2 net income $97.9M (EPS $0.75), allowance for credit losses 1.22% of loans, dividend maintained at $0.33, and capital remains strong with flexibility on returns and M&A.Glacier Bancorp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.54B | 1.43B | 1.25B | 1.12B | 933.37M | 812.73M |
| Gross Profit | 1.14B | 983.04M | 781.72M | 774.64M | 872.14M | 771.10M |
| EBITDA | 457.48M | 365.01M | 267.97M | 304.75M | 406.77M | 381.48M |
| Net Income | 311.69M | 239.03M | 190.14M | 222.93M | 303.20M | 284.76M |
Balance Sheet | ||||||
| Total Assets | 31.60B | 31.98B | 27.90B | 27.74B | 26.64B | 25.94B |
| Cash, Cash Equivalents and Short-Term Investments | 353.75M | 4.33B | 4.55B | 6.14B | 5.71B | 9.61B |
| Total Debt | 2.19B | 2.90B | 3.79B | 4.44B | 2.96B | 1.20B |
| Total Liabilities | 27.29B | 27.76B | 24.68B | 24.72B | 23.79B | 22.76B |
| Stockholders Equity | 4.31B | 4.21B | 3.22B | 3.02B | 2.84B | 3.18B |
Cash Flow | ||||||
| Free Cash Flow | 396.45M | 347.55M | 209.76M | 451.43M | 436.90M | 562.61M |
| Operating Cash Flow | 444.55M | 374.40M | 258.04M | 500.71M | 470.66M | 572.05M |
| Investing Cash Flow | 867.65M | 1.06B | 493.14M | -207.49M | -1.35B | -3.91B |
| Financing Cash Flow | -1.24B | -1.05B | -1.26B | 659.12M | 845.43M | 3.14B |
Glacier Bancorp Technical Analysis
Negative
47.18
Price Trends
49.60
Negative
48.79
Negative
47.20
Negative
Market Momentum
-0.91
Positive
38.58
Neutral
48.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBCI, the sentiment is Negative. The current price of 47.18 is below the 20-day moving average (MA) of 47.60, below the 50-day MA of 49.60, and below the 200-day MA of 47.20, indicating a bearish trend. The MACD of -0.91 indicates Positive momentum. The RSI at 38.58 is Neutral, neither overbought nor oversold. The STOCH value of 48.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GBCI.
Glacier Bancorp Risk Analysis
Glacier Bancorp disclosed 29 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 0 New Risks
Glacier Bancorp Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $5.72B | 8.13 | 11.21% | 3.78% | -0.40% | -1.91% | |
81 Outperform | $6.03B | 12.21 | 11.01% | 2.89% | 1.86% | 10.69% | |
75 Outperform | $8.71B | 12.01 | 9.22% | 4.89% | 20.84% | -0.60% | |
74 Outperform | $6.59B | 10.84 | 8.94% | 2.73% | 2.88% | 30.47% | |
67 Neutral | $7.75B | 11.50 | 8.88% | 3.16% | 1.17% | 51.80% | |
66 Neutral | $6.10B | 18.72 | 7.61% | 2.86% | 20.01% | 26.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GBCI
Glacier Bancorp
46.23
-0.98
-2.07%
OZK
Bank OZK
49.26
-1.04
-2.07%
COLB
Columbia Banking System
30.27
5.33
21.37%
FNB
F.N.B.
18.32
2.41
15.13%
HOMB
Home Bancshares
29.79
1.16
4.04%
VLY
Valley National Bancorp
13.92
3.59
34.79%
Glacier Bancorp Corporate Events
Business Operations and StrategyExecutive/Board Changes
Glacier Bancorp Appoints Deputy CFO for Leadership Transition
Positive
Aug 31, 2026
On August 27, 2026, Glacier Bancorp’s board appointed longtime treasury executive Byron Pollan as Senior Vice President and Deputy Chief Financial Officer of the company and Glacier Bank, with the role effective September 1, 2026. The move s...
Business Operations and StrategyFinancial Disclosures
Glacier Bancorp Highlights Strategy and Growth Outlook
Positive
Aug 3, 2026
On August 3, 2026, Glacier Bancorp, Inc. reported to investors on its strategy and performance, highlighting its ambition to remain the premier banking franchise in the Mountain West and Southwest by combining local decision-making with big-bank c...
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.