NYSE : GBCI
Glacier Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 48.56 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.32B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.30B | 1.11B | 944.72M | 815.73M | 660.61M | 558.98M |
| Interest Income on Investments | 184.97M | 187.13M | 195.13M | 201.93M | 169.03M | 122.10M |
| Total Interest Income | 1.48B | 1.30B | 1.14B | 1.02B | 829.64M | 681.07M |
| Interest Paid on Deposits | 295.49M | 274.19M | 272.73M | 162.43M | 14.53M | 12.13M |
| Interest Paid on Borrowings | 83.73M | 132.57M | 162.48M | 163.55M | 26.73M | 6.42M |
| Total Interest Expense | 379.22M | 406.76M | 435.22M | 325.97M | 41.26M | 18.56M |
| Net Interest Income | 1.10B | 889.04M | 704.63M | 691.68M | 788.38M | 662.52M |
| Gain (Loss) on Sale of Assets | -224.00K | -224.00K | 5.10M | -160.00K | 3.05M | 950.00K |
| Gain (Loss) on Sale of Investments | -6.09M | -6.09M | -7.35M | -5.82M | -6.61M | -6.96M |
| Other Non-Interest Income | 133.11M | 123.18M | 111.56M | 104.37M | 100.08M | 82.39M |
| Total Non-Interest Income | 153.26M | 135.07M | 126.17M | 110.59M | 116.55M | 139.45M |
| Revenues Before Loan Losses | 1.25B | 1.02B | 830.80M | 802.27M | 904.93M | 801.96M |
| Provision for Loan Losses | 53.19M | 71.40M | 28.31M | 14.79M | 19.96M | 23.08M |
| Revenue | 1.20B | 952.72M | 802.49M | 787.47M | 884.97M | 778.89M |
| Salaries and Employee Benefits | 449.98M | 385.22M | 328.99M | 301.15M | 312.55M | 265.30M |
| Occupancy Expenses | 64.94M | 55.62M | 47.05M | 43.58M | 43.26M | 39.39M |
| Federal Deposit Insurance | 22.33M | 22.68M | 24.19M | 28.71M | 12.90M | 8.25M |
| Amortization of Goodwill & Intangibles | 19.58M | 15.89M | 12.76M | 9.73M | 10.66M | 10.27M |
| Selling, General & Administrative | 95.45M | 84.94M | 74.13M | 62.71M | 57.80M | 46.01M |
| Other Non-Interest Expense | 92.36M | 81.25M | 78.93M | 72.56M | 67.49M | 50.16M |
| Total Non-Interest Expense | 745.16M | 645.87M | 566.27M | 518.57M | 504.73M | 419.62M |
| EBT Excluding Unusual Items | 455.97M | 306.84M | 236.22M | 268.91M | 380.24M | 359.27M |
| Pretax Income | 433.78M | 290.25M | 226.30M | 267.61M | 370.28M | 349.44M |
| Income Tax Expense | 85.43M | 51.22M | 36.16M | 44.68M | 67.08M | 64.68M |
| Net Income | 348.35M | 239.03M | 190.14M | 222.93M | 303.20M | 284.76M |
| Net Income to Common | 348.35M | 239.03M | 190.14M | 222.93M | 303.20M | 284.76M |
| Basic Shares Outstanding | 130.12M | 119.75M | 113.17M | 110.86M | 110.76M | 99.31M |
| Diluted Shares Outstanding | 130.39M | 119.94M | 113.24M | 110.89M | 110.83M | 99.40M |
| EPS (Basic) | 2.68 | 2.00 | 1.68 | 2.01 | 2.74 | 2.87 |
| EPS (Diluted) | 2.66 | 1.99 | 1.68 | 2.01 | 2.74 | 2.86 |
| Dividend Per Share | 1.34 | 1.32 | 1.32 | 1.32 | 1.32 | 1.27 |
| Effective Tax Rate | 19.69% | 17.65% | 15.98% | 16.70% | 18.12% | 18.51% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.51B | 1.24B | 848.41M | 1.35B | 402.00M | 437.69M |
| Investment Securities | 2.82B | 3.44B | 3.54B | 3.47B | 3.49B | 3.51B |
| Trading Asset Securities | 2.83M | 1.13M | 5.59M | 7.92M | 3.94M | |
| Mortgage-Backed Securities | 3.60B | 3.90B | 4.20B | 4.91B | 5.60B | 6.91B |
| Total Investments | 6.41B | 7.34B | 7.74B | 8.38B | 9.10B | 10.42B |
| Gross Loans | 21.62B | 21.04B | 17.33B | 16.24B | 15.29B | 13.48B |
| Allowance for Loan Losses | -259.67M | -255.32M | -206.04M | -192.76M | -182.28M | -172.66M |
| Other Adjustments to Gross Loans | -109.68M | -63.55M | -39.38M | -43.71M | -46.83M | |
| Net Loans | 21.36B | 20.67B | 17.06B | 16.01B | 15.06B | 13.26B |
| Property, Plant & Equipment | 571.57M | 561.76M | 468.22M | 421.79M | 398.10M | 372.60M |
| Goodwill | 1.38B | 1.38B | 1.05B | 985.39M | 985.39M | 985.39M |
| Other Intangible Assets | 90.87M | 105.27M | 51.18M | 31.87M | 41.60M | 52.26M |
| Loans Held for Sale | 37.61M | 39.19M | 33.06M | 15.69M | 12.31M | 60.80M |
| Accrued Interest Receivable | 131.86M | 120.09M | 99.26M | 94.53M | 83.54M | 76.67M |
| Long-Term Deferred Tax Assets | 115.08M | 101.34M | 138.96M | 159.07M | 193.19M | 27.69M |
| Other Real Estate Owned & Foreclosed | 5.22M | 411.00K | 1.16M | 1.50M | 32.00K | 18.00K |
| Other Long-Term Assets | 659.36M | 384.02M | 311.63M | 282.68M | 269.48M | 233.46M |
| Total Assets | 32.29B | 31.98B | 27.90B | 27.74B | 26.64B | 25.94B |
| Interest Bearing Deposits | 17.57B | 15.66B | 13.14B | 12.68B | 12.67B | 13.26B |
| Institutional Deposits | 1.62B | 1.27B | 1.23B | 243.22M | 298.51M | |
| Non-Interest Bearing Deposits | 7.70B | 7.31B | 6.14B | 6.02B | 7.69B | 7.78B |
| Total Deposits | 25.27B | 24.59B | 20.55B | 19.93B | 20.61B | 21.34B |
| Short-Term Borrowings | 1.95B | 2.08B | 1.78B | 4.23B | 2.75B | 1.02B |
| Current Portion of Leases | 10.52M | 3.98M | ||||
| Accrued Interest Payable | 32.87M | 32.79M | 33.63M | 125.91M | 4.33M | 2.41M |
| Long-Term Debt | 51.74M | 51.47M | 62.06M | 56.58M | 49.09M | 38.31M |
| Federal Home Loan Bank Debt, Long-Term | 440.00M | 1.80B | ||||
| Long-Term Leases | 80.60M | 71.16M | 57.20M | 69.44M | 74.78M | 53.68M |
| Trust Preferred Securities | 174.11M | 187.49M | 133.10M | 132.94M | 132.78M | 132.62M |
| Pension & Post-Retirement Benefits | 5.71M | 5.62M | 5.48M | 4.67M | 3.97M | |
| Other Long-Term Liabilities | 383.95M | 289.90M | 259.07M | 175.63M | 173.76M | 173.90M |
| Total Liabilities | 27.95B | 27.76B | 24.68B | 24.72B | 23.79B | 22.76B |
| Common Stock | 1.30M | 1.30M | 1.13M | 1.11M | 1.11M | 1.11M |
| Additional Paid-In Capital | 3.23B | 3.22B | 2.45B | 2.35B | 2.34B | 2.34B |
| Retained Earnings | 1.31B | 1.16B | 1.08B | 1.04B | 966.98M | 810.34M |
| Comprehensive Income & Other | -206.34M | -167.11M | -309.30M | -374.11M | -468.79M | 27.36M |
| Shareholders' Equity | 4.34B | 4.21B | 3.22B | 3.02B | 2.84B | 3.18B |
| Total Liabilities & Equity | 32.29B | 31.98B | 27.90B | 27.74B | 26.64B | 25.94B |
| Total Debt | 2.26B | 2.84B | 3.83B | 4.49B | 3.00B | 1.25B |
| Net Cash (Debt) | -754.60M | -1.61B | -2.98B | -3.13B | -2.59B | -803.86M |
| Net Cash Per Share | -5.79 | -13.40 | -26.35 | -28.19 | -23.40 | -8.09 |
| Filing Date Shares Outstanding | 130.22M | 130.01M | 113.40M | 113.37M | 110.86M | 110.69M |
| Total Common Shares Outstanding | 130.22M | 129.97M | 113.40M | 110.89M | 110.78M | 110.69M |
| Book Value Per Share | 33.33 | 32.42 | 28.43 | 27.24 | 25.67 | 28.71 |
| Tangible Book Value | 2.87B | 2.73B | 2.12B | 2.00B | 1.82B | 2.14B |
| Tangible Book Value Per Share | 22.05 | 21.01 | 18.71 | 18.06 | 16.40 | 19.33 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 239.03M | 190.14M | 222.93M | 303.20M | 284.76M | |
| Depreciation & Amortization | 50.36M | 43.05M | 38.53M | 38.30M | 33.97M | |
| Gain (Loss) on Sale of Assets | 381.00K | -6.22M | -161.00K | -3.17M | -105.00K | |
| Gain (Loss) on Sale of Investments | 37.94M | 37.18M | 34.51M | 45.61M | 61.39M | |
| Provision for Credit Losses | 71.40M | 28.31M | 14.79M | 19.96M | 23.08M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 12.08M | 72.95M | 114.13M | 101.73M | 246.78M | |
| Accrued Interest Receivable | -3.69M | 877.00K | -10.99M | -6.87M | 5.12M | |
| Change in Other Net Operating Assets | 4.05M | 5.84M | -18.25M | -14.94M | 8.78M | |
| Other Operating Activities | -18.45M | -9.24M | -10.08M | -425.00K | -31.77M | |
| Operating Cash Flow | 374.40M | 258.04M | 500.71M | 470.66M | 572.05M | |
| Capital Expenditures | -26.85M | -48.28M | -49.53M | -33.76M | -9.44M | |
| Sale of Property, Plant and Equipment | 5.33M | 14.38M | 251.00K | 10.53M | ||
| Cash Acquisitions | 205.01M | 107.68M | 1.62B | |||
| Investment in Securities | 1.30B | 951.49M | 836.04M | 603.81M | -5.06B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -494.81M | -431.64M | -1.07B | -1.86B | -471.13M | |
| Other Investing Activities | 72.60M | -100.49M | 73.16M | -68.70M | 6.33M | |
| Investing Cash Flow | 1.06B | 493.14M | -207.49M | -1.35B | -3.91B | |
| Short-Term Debt Issued | 285.74M | 286.32M | 3.28B | 1.80B | 16.21M | |
| Long-Term Debt Issued | 1.81B | 6.92M | 9.12M | 3.53M | ||
| Total Debt Issued | 285.74M | 2.09B | 3.29B | 1.81B | 19.74M | |
| Short-Term Debt Repaid | -48.00M | -2.80B | -1.80B | -74.88M | ||
| Long-Term Debt Repaid | -1.38B | -3.85M | -3.59M | |||
| Total Debt Repaid | -1.43B | -2.80B | -1.80B | -74.88M | ||
| Net Debt Issued (Repaid) | -1.15B | -710.88M | 1.48B | 1.73B | 19.74M | |
| Issuance of Common Stock | 1.06M | 113.00K | 75.00K | 140.00K | 265.00K | |
| Repurchase of Common Stock | -2.63M | -1.74M | -1.87M | -1.70M | -1.55M | |
| Common Dividends Paid | -162.74M | -150.03M | -146.69M | -157.54M | -145.56M | |
| Net Increase (Decrease) in Deposit Accounts | 259.23M | -394.57M | -676.65M | -729.71M | 3.27B | |
| Financing Cash Flow | -1.05B | -1.26B | 659.12M | 845.43M | 3.14B | |
| Net Cash Flow | 386.85M | -505.93M | 952.35M | -35.69M | -195.46M | |
| Free Cash Flow | 347.55M | 209.76M | 451.18M | 436.90M | 562.61M | |
| Free Cash Flow Margin | 36.48% | 26.14% | 57.29% | 49.37% | 72.23% | |
| Free Cash Flow Per Share | 2.90 | 1.85 | 4.07 | 3.94 | 5.66 | |
| Cash Interest Paid | 413.59M | 528.91M | 204.40M | 39.34M | 19.78M | |
| Cash Income Tax Paid | 32.16M | 15.60M | 27.93M | 55.20M | 67.31M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.52B | 5.72B | 5.69B | 4.58B | 5.47B | 6.29B |
| Last Close Price | 48.56 | 43.11 | 47.69 | 38.04 | 43.73 | 48.81 |
| PE Ratio | 18.82 | 23.95 | 29.95 | 20.55 | 18.05 | 22.10 |
| PS Ratio | 5.26 | 6.01 | 7.10 | 5.82 | 6.19 | 8.08 |
| PB Ratio | 1.46 | 1.36 | 1.77 | 1.52 | 1.93 | 1.98 |
| P/FCF Ratio | 15.53 | 16.47 | 27.15 | 10.15 | 12.53 | 11.19 |
| P/OCF Ratio | 14.22 | 15.29 | 22.07 | 9.15 | 11.63 | 11.00 |
| Debt / Equity Ratio | 0.52 | 0.68 | 1.19 | 1.49 | 1.06 | 0.39 |
| Debt / FCF Ratio | 8.19 | 18.28 | 9.94 | 6.87 | 2.21 | |
| Net Debt / Equity Ratio | 0.17 | 0.38 | 0.93 | 1.03 | 0.91 | 0.25 |
| Net Debt / FCF Ratio | 4.62 | 14.23 | 6.93 | 5.93 | 1.43 | |
| Return on Equity (ROE) | 8.77% | 6.43% | 6.09% | 7.60% | 10.07% | 10.38% |
| Return on Assets (ROA) | 1.14% | 0.80% | 0.68% | 0.82% | 1.15% | 1.28% |
| Earnings Yield | 5.31% | 4.18% | 3.34% | 4.87% | 5.54% | 4.52% |
| FCF Yield | 6.44% | 6.07% | 3.68% | 9.85% | 7.98% | 8.94% |
| Dividend Yield | 2.81% | 3.00% | 2.63% | 3.19% | 2.67% | 2.23% |
| Payout Ratio | 52.60% | 68.08% | 78.91% | 65.80% | 51.96% | 51.12% |
| Buyback Yield / Dilution | -12.73% | -5.91% | -2.12% | -0.06% | -11.50% | -4.70% |
| Total Shareholder Return | -9.84% | -2.91% | 0.51% | 3.14% | -8.83% | -2.47% |