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what it is
Glacier Bancorp runs a regional bank with 285 locations across nine states.
how it gets paid
Last year Glacier Bancorp made $101M in revenue. Net interest income was the main engine at $77M, or 76% of sales.
why it's growing
Revenue grew 7.5% last year. The number that mattered was $73M of Revenue because it showed the bank still has lending volume and fee pull.
what just happened
Revenue hit $73M, and EPS jumped to $1.51.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
75/100 earnings predictability — reasonably predictable
22.9x trailing p/e — priced about right
$1.68 fy2024 eps est
$6M fy2024 rev est
xvary composite: 61/100 — average
What they do
Glacier Bancorp runs a regional bank with 285 locations across nine states.
You are buying a local bank with 18 divisions and 285 locations. That is 285 places where customers already keep deposits, borrow money, and pay fees. Leaving means moving loans, accounts, and payroll. Banks hate that, and that is the point.
How they make money
$101M
annual revenue · their business grew +7.5% last year
Net interest income
$77M
+8.0%
Service charges and fees
$11M
+5.0%
Mortgage banking
$6M
+14.0%
Wealth and investment services
$4M
+3.0%
Other income
$3M
0.0%
The products that matter
business loans and treasury services
Commercial Banking
2026 growth engine
this is where the upside case lives. management is calling for low to mid-single digit loan growth in 2026 after 2025 net income reached $239M.
pipeline watch
local deposits and branch banking
Community Banking
285 offices · 188 communities
the branch network is the funding base. 285 offices across 188 communities gives glacier reach, but those deposits need to stay sticky when rates move.
deposit base
fees and service income
Non-Interest Income
$37.2M · 36.8% of mix
this part of the mix matters because $37.2M of revenue not tied directly to loan spreads gives the bank at least some diversification when net interest income wobbles.
buffer, not driver
Key numbers
$101M
annual revenue
This is the top line. For a bank this size, it tells you the machine is still producing real cash flow.
22.9x
trailing p/e
You are paying 22.9 times past earnings. That is expensive for a regional bank with a 3 risk rank.
1.15
beta
The stock moves a bit more than the market. A 1.15 beta means you do not get a sleepy bank trade.
285
locations
Branch count matters because deposits are sticky. Customers do not switch banks as easily as they switch phone plans.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 50 / 100
- long-term debt $133M (2% of capital)
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for GBCI right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $73M, and EPS jumped to $1.51.
Revenue rose 55% vs. prior year, and EPS rose 165% vs. prior year. That is a bank with better momentum, not a bank coasting.
$25M
revenue
$1.51
eps
55%
gross margin
the number that mattered
The number that mattered was $73M of quarterly revenue because it showed the bank still has lending volume and fee pull.
source: company earnings report, 2026
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What could go wrong
the #1 risk is loan growth failing to show up after management called the 2026 pipeline strong.
med
loan growth stalls
management is guiding to low to mid-single digit loan growth in 2026. if that growth does not show up, the stock stops looking like a compounding bank and starts looking like a bank that grew 2025 earnings 26% once.
hits the core lending engine
med
cfo transition adds execution noise
Ron J. Copher retired as executive vice president and cfo on february 9, 2026. finance leadership changes are manageable until they happen in a year when investors want cleaner guidance and cleaner quarter-to-quarter follow-through.
raises the noise level around every print
med
the multiple leaves less room for a stumble
at 22.9x trailing earnings, you are not buying obvious distress. if quarterly profit keeps hovering around the $63.8M q4 level, the market has less reason to keep paying a premium regional-bank multiple.
multiple pressure can amplify an earnings wobble
a miss on low to mid-single digit 2026 loan growth would leave the $239M full-year profit base leaning on a $63.8M q4 exit rate and a 22.9x multiple. that's a fragile combination.
source: institutional data · regulatory filings · risk analysis
Pay attention to
trend
2026 loan growth
management is looking for low to mid-single digit growth. if the next few quarters do not support that, the core thesis weakens fast.
metric
quarterly profit after the $63.8M q4 print
one soft quarter is noise. two in a row starts to look like the new run rate.
risk
cfo handoff
the transition itself is not the story. whether reporting and guidance stay clean through it is.
calendar
annual shareholder meeting
April 29, 2026. ten directors are up for election, and management will have to answer for the 2026 setup in public.
Analyst rankings
earnings predictability
75 / 100
in human-speak: this bank usually reports numbers in a range investors can model.
risk rank
3
that reads as middle-of-the-road safety. not reckless. not a bunker.
price stability
50 / 100
the stock is neither unusually calm nor unusually wild. expect a normal bank-stock temperament.
source: institutional data
Institutional activity
institutional ownership data for GBCI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$48
current price
n/a
target midpoint · n/a from current
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