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On the measure used for the consensus, Glacier Bancorp reported Q3 revenue of $329.8 million, above the $328.0 million consensus. Adjusted earnings per share were $0.81, above the $0.79 consensus. On a separate revenue measure, Glacier reported $419.9 million, up from $360.4 million a year earlier.
The filing reported net income of $104.6 million, up from $67.9 million in the prior-year quarter. Net interest income rose to $290 million from $225 million, with the company attributing higher interest income primarily to increased loans and higher rates on its loan portfolio. Glacier also reported a tax-equivalent net interest margin of 4.01 percent, up from 3.39 percent a year earlier, primarily reflecting higher loan yields, a shift toward loans and lower high-cost borrowings.
The filing reported a $21.620 billion loan portfolio at September 30, 2026, up $2.829 billion from a year earlier; excluding the Guaranty acquisition, the increase was $726 million. Total non-interest expense rose to $192 million, primarily because of increased costs from acquired banks. Net charge-offs were $6.0 million, compared with $2.9 million a year earlier.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $419.9 million | $360.4 million | 16.5% |
| Diluted EPS | $0.80 | $0.57 | 40.4% |
| Gross margin | 78.5% | 72.4% | 6.2 percentage points |
| Operating margin | 31.6% | 23.7% | 8.0 percentage points |
| Free cash flow | $116.4 million | $82.0 million | 42.0% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.81 | $0.79 | Beat by 2.53% |
| Revenue | $329.8 million | $328.0 million | Beat by 0.57% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
The latest earnings call was not available, so its management discussion cannot be summarized.
Guidance
Management’s guidance was not available. Glacier expects a temporary quarter-end deposit to largely exit in the fourth quarter; its filing says future cash dividends will depend on net income, capital, asset quality, general economic conditions and regulatory considerations.