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Glacier Bancorp, Inc.

GBCI Financial Banks Regional

Glacier Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 13.3% from fiscal 2024.

Revenue
+16.5%
EPS
+40.4%
Free cash flow
+44.1%
Total debt
−79.7%

Quarter to September 2026, against a year earlier

48.55 1.09 −2.20%
Market cap
$6.3B
P/E
18.2×
Fwd P/E
16.0×
Dividend yield
2.76%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Bought, $m 0.11
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — 1 — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.47%

Capital & Financial Ratios $m

Size
Market Cap 6,320.00
Revenue ttm 1,639.86
Net income ttm 348.35
Free cash flow ttm 460.73
Net debt Q (1,280.92)
Valuation
P/E 18.18
Forward P/E 16.00
Price / sales 3.86
Forward P/S Powerpack
Price / FCF 13.72
Price / book 1.46
Financial health
Current ratio Q 0.85
Debt / equity Q 0.05
Interest coverage Q —
Growth
Revenue growth Q +16.53% (above 0%: growing)
Operating income growth Q +55.75% (above 0%: growing)
EPS, this year +52.09% (at or above 15%: strong)
EPS, next year A +18.83% (at or above 15%: strong)
Revenue, next year A −9.06% (below 0%: weak)
EPS, past 5 yrs −6.67% (below 0%: weak)
EPS, next 5 yrs A +26.31% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 38.43%
10-year low 10-year high
P/S against its own 10 years 15.77%
10-year low 10-year high
P/B against its own 10 years 19.33%
10-year low 10-year high

Dividends

Yield
2.76%
Annual rate
1.34
Payout ratio
50.2%
Growth, 2017–25
+5.81%/yr
  1. 0.84 ’17
  2. 1.01 ’18 +20
  3. 1.11 ’19 +10
  4. 1.18 ’20 +6
  5. 1.27 ’21 +8
  6. 1.32 ’22 +4
  7. 1.32 ’23 +0
  8. 1.32 ’24 +0
  9. 1.32 ’25 +0
  10. 1.35 ’26e +2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,354 848 1,235 1,507
Receivables — — — —
Inventory — — — —
Other — — — —
17,470 18,037 22,067 23,036
2023 2024 2025 Q'26
Payables 19,929 20,547 24,591 25,273
ST’ Debt — — — —
Other — — — —
21,542 22,358 26,708 27,261

Compound Annual Growth %

10y 5y 3y
Sales 13.13% 12.43% 14.78%
Cash Flow 7.79% 14.58% (7.34%)
Earnings 7.49% (2.15%) (7.62%)
Book Value 14.62% 12.80% 14.01%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.79 Actual 0.81

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.59 0.49 Miss by 0.10
Q1 FY26 0.67 0.70 Beat by 0.03
Q2 FY26 0.76 0.76 Met by 0.00
Q3 FY26 0.79 0.81 Beat by 0.02
Q4 FY26 0.84 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.63 0.75 0.80 — —
’25 0.48 0.45 0.57 0.49 1.99
’24 0.29 0.39 0.45 0.54 1.68
’23 0.55 0.50 0.47 0.49 2.01
’22 0.61 0.69 0.72 0.72 2.74
’21 0.85 0.81 0.79 0.46 2.86
’20 0.46 0.66 0.81 0.86 2.81
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 400 406 420 — —
’25 323 341 360 413 1,437
’24 309 306 324 329 1,268
’23 260 276 295 304 1,136
’22 224 228 245 254 950
’21 202 195 202 227 826
’20 176 197 211 216 800
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 88 121 162 — —
’25 52 86 112 123 374
’24 (57) 63 150 102 258
’23 98 121 130 151 501
’22 78 138 134 120 471
’21 148 142 127 155 572
’20 26 111 (23) 76 190
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 76 116 152 — —
’25 49 82 105 117 353
’24 (61) 49 141 95 224
’23 90 109 114 138 451
’22 74 129 130 114 447
’21 146 145 122 149 563
’20 25 107 (27) 72 178
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 13.4% a year for ten years. It grew 2.6% a year over the last ten.

Implied
13.4%
10 years, reported
2.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 451 487 588 677 800 826 950 1,136 1,268 1,437 1,640 +13.7% 1,307 1,428 1,527 +2.0%
Gross margin, % 93.44 93.87 93.96 93.68 96.59 97.75 95.66 71.30 65.68 71.70 76.87 (21.7) pt
EBT 161 181 222 259 328 349 370 268 226 290 434 +6.8%
EBT margin, % 35.62 37.15 37.80 38.29 41.01 42.31 38.96 23.56 17.84 20.20 26.45 (15.4) pt
Net income 121 116 182 211 266 285 303 223 190 239 348 +7.8%
Per share, $
Per share, $ Revenue 5.92 6.28 7.03 7.67 8.43 8.32 8.58 10.24 11.21 12.00 12.59 +8.2%
Earnings 1.59 1.50 2.18 2.39 2.81 2.87 2.74 2.01 1.68 2.00 2.67 +2.6%
Cash flow 2.53 3.29 3.36 2.57 2.00 5.76 4.25 4.52 2.28 3.13 3.79 +2.4%
Capex (0.11) (0.13) (0.22) (0.19) (0.12) (0.09) (0.21) (0.44) (0.30) (0.18) (0.25) +5.7%
Free cash flow 2.42 3.15 3.13 2.38 1.87 5.67 4.04 4.07 1.98 2.95 3.54 +2.2%
Book value 14.64 15.46 18.13 22.22 24.31 32.00 25.67 27.24 28.49 35.19 33.33 +10.2%
Shares, m 76 78 84 88 95 99 111 111 113 120 128 +5.1%
Valuation, ×
Valuation, × P/E 22.87 26.00 18.17 19.32 16.43 19.48 17.92 20.84 30.07 22.14 18.18 21.3
P/S 6.14 6.21 5.64 6.00 5.46 6.82 5.72 4.09 4.48 3.67 3.86 5.4
P/B 2.48 2.52 2.19 2.07 1.89 1.77 1.91 1.54 1.76 1.25 1.46 1.9
EV/Sales 6.65 6.80 6.29 5.81 4.88 6.50 7.41 5.50 5.39 3.28 — 5.9
EV/FCF 16.25 13.54 14.11 18.72 21.96 9.54 15.75 13.83 30.47 13.37 — 16.8
Cash, $m
Cash, $m Operating cash flow 193 255 281 227 190 572 471 501 258 374 494 +7.6%
Capex (8) (10) (19) (16) (12) (9) (23) (49) (34) (22) (33) +11.2%
Free cash flow 185 245 262 210 178 563 447 451 224 353 461 +7.5%
Balance, $m
Balance, $m Working capital (2,023) (1,214) (1,447) (1,506) (3,966) (8,526) (5,994) (4,072) (4,322) (4,641) (4,224) +9.7%
Net debt 230 288 385 (124) (460) (261) 1,608 1,600 1,147 (556) (1,281) n/m
Shareholders’ equity 1,117 1,199 1,516 1,961 2,307 3,178 2,843 3,020 3,224 4,214 4,340 +15.9%
Returns, %
Returns, % ROA 1.31 1.21 1.67 1.63 1.66 1.28 1.15 0.82 0.68 0.80 1.14 (0.5) pt
ROIC 7.60 7.69 7.41 8.82 11.10 7.49 5.20 3.62 3.24 4.96 8.86 (2.6) pt
ROE 11.04 10.05 13.40 12.11 12.48 10.38 10.07 7.60 6.09 6.43 8.77 (4.6) pt
People
People Employees 2,291 2,354 2,723 3,046 3,032 3,559 3,552 3,358 3,595 4,188 — +6.9%
Revenue/emp, $m 0.20 0.21 0.22 0.22 0.26 0.23 0.27 0.34 0.35 0.34 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Glacier Bancorp is a bank holding company headquartered in Kalispell, Montana. Its predecessor was incorporated in 1990. Through its wholly owned subsidiary, Glacier Bank, it provides banking services to individuals, businesses, community organizations and public entities.

The bank takes deposits and offers retail and business banking. Its lending includes real estate, commercial, agricultural and consumer loans. It also originates mortgages and services loans. Customers can use branches, online banking and mobile banking.

Glacier Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UBSI United Bankshares, Inc. $6.6B 13.1× 12.9× −2.30% (below 0%: shrinking) +2.17% (above 0%: growing) +14.62% (above 0%: growing) 70.33% 0.00% Compare
GBCI Glacier Bancorp, Inc. $6.3B 18.2× 16.0× +16.53% (above 0%: growing) +40.35% (above 0%: growing) +44.07% (above 0%: growing) 78.55% 0.00%
FNB F.N.B. Corporation $6.3B 10.5× 10.7× −0.72% (below 0%: shrinking) +4.88% (above 0%: growing) +67.79% (above 0%: growing) 68.07% 0.00% Compare
HOMB Home BancShares, Inc. $6.0B 12.3× 11.9× +1.68% (above 0%: growing) +3.17% (above 0%: growing) +20.30% (above 0%: growing) 75.64% 0.00% Compare
HWC Hancock Whitney Corporation $5.7B 14.3× 14.0× +7.54% (above 0%: growing) −8.05% (below 0%: shrinking) +23.30% (above 0%: growing) 75.86% 0.00% Compare
ASB Associated Banc-Corp $5.7B 10.5× 10.6× +12.99% (above 0%: growing) +5.48% (above 0%: growing) +117.24% (above 0%: growing) 64.43% 0.00% Compare
OZK Bank OZK $5.6B 8.6× 8.6× −5.02% (below 0%: shrinking) −6.25% (below 0%: shrinking) +47.62% (above 0%: growing) 63.26% 0.00% Compare
AUB Atlantic Union Bankshares Corporation $5.5B 10.7× 10.1× +0.13% (above 0%: growing) +50.79% (above 0%: growing) +18.83% (above 0%: growing) 68.93% 0.00% Compare
ABCB Ameris Bancorp $5.5B 14.3× 14.2× +1.71% (above 0%: growing) +12.26% (above 0%: growing) +31.88% (above 0%: growing) 73.36% 0.00% Compare
Median of peers $5.7B 11.5× 11.3× +0.90% +4.03% +27.59% 69.63% 0.00%

All 327 Banks Regional stocks →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 86.45%
Held by the ten largest 47.63%
Holder Shares Stake Change
BlackRock 17.72m 13.61% +1.70m
Vanguard 13.82m 10.61% +220.14k
State Street 6.55m 5.03% +337.47k
Capital Group 5.27m 4.05% −624.01k
Neuberger Berman 4.08m 3.13% −375.74k
Geode Capital Management 3.53m 2.71% +231.43k
Goldman Sachs 3.07m 2.36% +1.14m
Dimensional Fund Advisors 2.90m 2.22% +47.54k
Victory Capital 2.79m 2.14% +179.93k
COOKE & BIELER LP 2.29m 1.76% −568.85k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 12 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.66m 3.37m 111.65
2024 2.93m 3.41m 123.46
2023 2.96m 2.62m 98.51
2022 3.15m 2.89m 113.31
2021 2.89m 3.23m 126.41
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Glacier Bancorp, Inc. (GBCI) Latest News

29 Oct

Impact 3 · · GlobeNewswire

26 Oct

Impact 4 · · The Motley Fool

25 Oct

Impact 4 · · StockStory

23 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby

22 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · StockStory
Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · StockStory

12 Oct

Impact 3 · · StockStory

7 Oct

Impact 3 · · Zacks

22 Sep

Impact 3 · · GlobeNewswire

4 Aug

Impact 3 ·

30 Jul

Impact 3 ·

24 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

23 Jul

Impact 3 ·
Impact 3 ·

16 Jul

Impact 3 ·

29 Apr

Impact 3 ·

27 Apr

Impact 4 · · MarketBeat

25 Apr

Impact 4 · · GuruFocus.com
Impact 3 · · StockStory

GBCI metrics, ten years each

stockrow.com/GBCI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com