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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

Glacier Bancorp, Inc. (GBCI) valuation and DCF model

What the price implies · reverse DCF

At $48.55 the price implies 13.4% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 2.6% a year over the last ten years, −0.4% over the last five. The price asks for more than four times its ten-year rate. Return on equity averaged 10.0% over ten years; the price implies 12.0% for good.

In December 2017 the price assumed 8.1% a year; Glacier Bancorp, Inc. went on to grow the dividend a share 4.6% a year to FY2025.

Price implies
13.4%
Last 5 years, reported
−0.4%
Last 10 years, reported
2.6%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
13.4% a year for ten years
$48.55
today’s price
Its base case
2.6% a year for five years, then 1.6%
$20.68
57.4% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Glacier Bancorp, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 13.4% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Glacier Bancorp, Inc.’s own cost of capital: risk-free 4.3% + beta 0.77 × equity premium 4.5% = 7.8% cost of equity; weighted, 7.8%.

Use 7.8%
Base case value per share $20.68 ten years discounted, and what follows
Current price $48.55 market price per share
Below today’s price 57.4% downside at the base case’s assumptions

How we got there$9.68 10 years of dividends+$11.01 terminal value=$20.68 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Banks Regional).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 18.18× 21.83× 20.86× 13% below 12.02× 51% above
P/FCF 13.72× 15.29× 15.53× 12% below 10.60× 29% above
P/B 1.46× 1.58× 1.84× 21% below 1.23× 18% above
EV/Sales — 5.62× 5.85× — 3.90× —
P/E P/FCF P/B EV/Sales
17.17×21.29×25.40×29.52×10Y avg 20.86×2017201820192020202120222023202420252026

GBCI trades at 18.18× P/E, against a 10-year average of 20.86× (range 16.43×–30.07×). That is cheaper than 67% of the last 9 year-end readings; re-rating to the average implies $55.69 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.