GBCI

MKT CAP:$6B

Glacier Bancorp, Inc.

Market Cap

$6B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$49.37+$4.73 (+10.60%)

Apr 23, 2026

Company Details

Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It of...

CEO

Randall Chesler

IPO Date

Mar 22, 1984

Website

www.glacierbancorp.com

Key Metrics TTM

Revenue

$1.5B

+16.9% YoY

Net Income

$267M

EPS (Diluted)

$1.54

Free Cash Flow

$337M

Revenue / Share

—

Gross Margin

52.6%

Operating Margin

17.8%

Net Margin

18.1%

FCF Margin

22.9%

P/S

4.3x

P/E

23.8x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$362M+14.4%EPS $0.00

FY 2025

Feb 25, 2026

$1.4B+14.5%EPS $1.99

Q4 2025

Feb 25, 2026

$413M+28.2%EPS $0.49

Q3 2025

Oct 31, 2025

$360M+13.2%EPS $0.60

Q2 2025

Aug 1, 2025

$335M+11.3%EPS $0.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$224M	$219M	$94M
Q3 22	$240M	$223M	$97M
Q4 22	$249M	$222M	$97M
Q1 23	$255M	$204M	$74M
Q2 23	$272M	$194M	$68M
Q3 23	$290M	$189M	$64M
Q4 23	$298M	$188M	$62M
Q1 24	$304M	$182M	$36M
Q2 24	$301M	$190M	$54M
Q3 24	$318M	$201M	$62M
Q4 24	$322M	$208M	$73M
Q1 25	$317M	$209M	$63M
Q2 25	$335M	$214M	$65M
Q3 25	$360M	$253M	$85M
Q4 25	$413M	$307M	$112M
Q1 26	$362M	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	6.2x	19.8x
Q3 22	6.1x	20.2x
Q4 22	5.7x	17.7x
Q1 23	4.7x	15.5x
Q2 23	3.5x	12.8x
Q3 23	3.0x	12.8x
Q4 23	4.1x	20.5x
Q1 24	3.8x	22.5x
Q2 24	3.5x	22.6x
Q3 24	4.2x	28.4x
Q4 24	4.6x	29.9x
Q1 25	4.0x	23.6x
Q2 25	3.8x	22.2x
Q3 25	4.2x	23.6x
Q4 25	3.6x	21.3x
Q1 26	3.9x	21.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$78M	$74M
Q2 22	$138M	$129M
Q3 22	$134M	$130M
Q4 22	$120M	$114M
Q1 23	$98M	$90M
Q2 23	$121M	$109M
Q3 23	$130M	$114M
Q4 23	$151M	$138M
Q1 24	-$57M	-$63M
Q2 24	$63M	$51M
Q3 24	$150M	$141M
Q4 24	$102M	$81M
Q1 25	$52M	$47M
Q2 25	$86M	$80M
Q3 25	$112M	$105M
Q4 25	$123M	$106M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q2 22	$9M
Q3 22	$4M
Q4 22	$6M
Q1 23	$8M
Q2 23	$12M
Q3 23	$16M
Q4 23	$13M
Q1 24	$7M
Q2 24	$11M
Q3 24	$9M
Q4 24	$21M
Q1 25	$6M
Q2 25	$7M
Q3 25	$8M
Q4 25	$18M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+16.1%	+35.1%
Q3 22	+21.2%	+35.2%
Q4 22	+11.7%	-7.1%
Q1 23	+15.7%	+30.9%
Q2 23	+21.6%	+57.1%
Q3 23	+20.7%	+57.9%
Q4 23	+19.9%	+56.0%
Q1 24	+19.0%	+47.2%
Q2 24	+10.7%	+20.9%
Q3 24	+9.7%	+13.4%
Q4 24	+8.0%	+5.3%
Q1 25	+4.4%	-5.2%
Q2 25	+11.3%	+9.4%
Q3 25	+13.2%	+7.4%
Q4 25	+28.2%	+21.1%
Q1 26	+14.4%	+43.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.8%
Q2 22	$1M	0.6%
Q3 22	$1M	0.5%
Q4 22	$1M	0.5%
Q1 23	$2M	0.7%
Q2 23	$1M	0.5%
Q3 23	$1M	0.5%
Q4 23	$1M	0.5%
Q1 24	$2M	0.5%
Q2 24	$1M	0.5%
Q3 24	$1M	0.4%
Q4 24	$1M	0.4%
Q1 25	$3M	0.8%
Q2 25	$1M	0.4%
Q3 25	$1M	0.3%
Q4 25	$1M	0.3%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$84M	$4M
Q3 22	$85M	$4M
Q4 22	$95M	$4M
Q1 23	$88M	$4M
Q2 23	$86M	$4M
Q3 23	$85M	$4M
Q4 23	$85M	$3M
Q1 24	$95M	$4M
Q2 24	$91M	$4M
Q3 24	$92M	$4M
Q4 24	$89M	$4M
Q1 25	$99M	$4M
Q2 25	$102M	$4M
Q3 25	$124M	$5M
Q4 25	$111M	$5M
Q1 26	—	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$415M	$6.2B	$6.6B
Q3 22	$425M	$5.8B	$6.2B
Q4 22	$402M	$5.3B	$5.7B
Q1 23	$1.5B	$5.2B	$6.7B
Q2 23	$1.1B	$5.0B	$6.1B
Q3 23	$1.7B	$4.7B	$6.4B
Q4 23	$1.4B	$4.8B	$6.1B
Q1 24	$789M	$4.6B	$5.4B
Q2 24	$801M	$4.5B	$5.3B
Q3 24	$988M	$4.4B	$5.4B
Q4 24	$848M	$3.7B	$4.6B
Q1 25	$981M	$3.8B	$4.8B
Q2 25	$916M	$3.9B	$4.8B
Q3 25	$854M	$3.9B	$4.7B
Q4 25	$322M	$4.0B	$4.3B
Q1 26	$351M	$3.6B	$3.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	111M	-0.0%	+15.9%
Q3 22	111M	+0.0%	+16.0%
Q4 22	111M	+0.0%	+0.1%
Q1 23	111M	+0.0%	+0.1%
Q2 23	111M	-0.0%	+0.1%
Q3 23	111M	+0.0%	+0.0%
Q4 23	111M	+0.0%	+0.0%
Q1 24	113M	+1.5%	+1.5%
Q2 24	113M	+0.8%	+2.3%
Q3 24	113M	+0.1%	+2.3%
Q4 24	113M	0.0%	+2.3%
Q1 25	114M	+0.1%	+0.9%
Q2 25	114M	0.0%	+0.1%
Q3 25	114M	0.0%	+0.1%
Q4 25	130M	+14.6%	+14.7%
Q1 26	0	-100.0%	-100.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$62.9K	4K
Q3 22	$67.6K	4K
Q4 22	$70.6K	4K
Q1 23	$72.4K	4K
Q2 23	$77.2K	4K
Q3 23	$82.4K	4K
Q4 23	$88.8K	3K
Q1 24	$90.4K	3K
Q2 24	$89.7K	3K
Q3 24	$94.8K	3K
Q4 24	$89.6K	4K
Q1 25	$88.1K	4K
Q2 25	$93.2K	4K
Q3 25	$100.2K	4K
Q4 25	$98.7K	4K
Q1 26	$86.5K	4K

Revenue / Employee