olivLaw · US equity research
Glacier Bancorp, Inc. GBCI
State Commercial Banks · SIC 6022 · Vertical: State Commercial Banks (SIC 6022)
Glacier Bancorp is a bank holding company based in Kalispell, Montana, providing retail and commercial banking through 281 locations across nine states. In 2026 the bank reported record third-quarter profit, supported by a rising net interest margin and recent acquisitions in Texas and Idaho.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Glacier Bancorp, Inc. (GBCI) stock was 49.64 USD (+1.53% on the day), with market capitalisation 6.5 bn USD, P/E 18.6 on diluted EPS of 2.67 USD over the last 12 months, dividend yield 2.70%, beta 1.06, 52-week range 40.18–54.51 USD. Latest reported quarter (Q3 2026): revenue of 29.3 m USD (+14.2% YoY), net income of 104.6 m USD (+54.0% YoY), diluted EPS 0.80 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 67.8
- strong (55–70)
- Bollinger (20, 2)
- 40.63 – 51.43
- in the upper half of the band · %B 0.83 · band width 23.5%
- SMA 50 / 200
- 45.46 / 47.73
- mixed trend
- MACD (12, 26, 9)
- 1.32 / 0.85
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +13.5% | −1.1% | +14.6 pp | — |
| 3 months | −0.7% | −0.5% | −0.3 pp | — |
| 6 months | −0.2% | +4.4% | −4.6 pp | — |
| Year to date | +12.7% | +12.3% | +0.4 pp | — |
| 1 year | +21.5% | +13.5% | +7.9 pp | +23.6% |
| 3 years | +51.4% | +76.4% | −25.0 pp | +74.0% |
| 5 years | −16.5% | +63.7% | −80.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.0 m | 22.5 m | 24.4 m ≈ | 25.6 m ≈ | 28.5 m | 26.6 m | 28.4 m ≈ | 29.3 m ≈ |
| Pre-tax income | 73.5 m | 63.5 m | 65.2 m | 85.3 m | 76.3 m | 100.2 m | 124.5 m | 132.8 m |
| Income tax | 11.7 m | 8.9 m | 12.4 m | 17.4 m | 12.5 m | 18.0 m | 26.6 m | 28.3 m |
| Net income | 61.8 m | 54.6 m | 52.8 m | 67.9 m | 63.8 m | 82.1 m | 97.9 m | 104.6 m |
| Diluted EPS | 0.54 | 0.48 | 0.45 | 0.57 | 0.49 ≈ | 0.63 | 0.75 | 0.80 |
| Operating cash flow | 102.0 m | 52.4 m | 86.0 m ≈ | 112.4 m ≈ | 123.5 m | 87.9 m | 120.8 m ≈ | 161.7 m ≈ |
| Capex | 10.7 m | 5.7 m | 6.5 m ≈ | 7.7 m ≈ | 7.0 m | 13.5 m | 9.1 m ≈ | 11.8 m ≈ |
| Dividends paid | 74.9 m | 363.0 k | 37.5 m ≈ | 39.1 m ≈ | 85.8 m | 337.0 k | 42.9 m ≈ | 43.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 43 percentile of its own 40-quarter history (min 12.5, median 19.6, max 30.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 76.7 m | 69.9 m | 54.5 m | 65.2 m | 82.9 m | 88.5 m | 94.0 m | 101.1 m |
| Revenue YoY | +9.8% | −8.9% | −22.0% | +19.6% | +27.1% | +6.9% | +6.2% | +7.5% |
| Net income | 181.9 m | 210.5 m | 266.4 m | 284.8 m | 303.2 m | 222.9 m | 190.1 m | 239.0 m |
| Net income YoY | +56.3% | +15.8% | +26.5% | +6.9% | +6.5% | −26.5% | −14.7% | +25.7% |
| Diluted EPS | 2.17 | 2.38 | 2.81 | 2.86 | 2.74 | 2.01 | 1.68 | 1.99 |
| Diluted EPS YoY | +44.7% | +9.7% | +18.1% | +1.8% | −4.2% | −26.6% | −16.4% | +18.5% |
| net % | 237.2% | 301.3% | 488.6% | 436.8% | 366.0% | 251.8% | 202.3% | 236.5% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | 436.9 m | 451.2 m | 209.8 m | 347.6 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.2 bn USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 4.2 bn USD
- Total assets
- 32.0 bn USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 6.4%
- ROA
- 0.8%
- FCF margin
- 343.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 599.7 m | 662.5 m | 788.4 m | 691.7 m | 704.6 m | 889.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Net fee income | 172.9 m | 144.8 m | 120.7 m | 118.1 m | 128.4 m | 141.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Non-interest expense | 404.8 m | 434.8 m | 518.9 m | 527.4 m | 578.5 m | 668.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | 328.0 m | 349.4 m | 370.3 m | 267.6 m | 226.3 m | 290.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | 266.4 m | 284.8 m | 303.2 m | 222.9 m | 190.1 m | 239.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | 2.81 | 2.86 | 2.74 | 2.01 | 1.68 | 1.99 | SEC (XBRL)· 25 Feb 2026verified |
| Dividend per share | 1.33 | 1.37 | 1.32 | 1.32 | 1.32 | 1.32 | SEC (XBRL)· 25 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 633.1 m | 437.7 m | 402.0 m | 1.4 bn | 848.4 m | 1.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Loans | 11.0 bn | 13.3 bn | 15.1 bn | 16.0 bn | 17.1 bn | 20.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 18.5 bn | 25.9 bn | 26.6 bn | 27.7 bn | 27.9 bn | 32.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total liabilities | 16.2 bn | 22.8 bn | 23.8 bn | 24.7 bn | 24.7 bn | 27.8 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 2.3 bn † | 3.2 bn † | 2.8 bn † | 3.0 bn † | 3.2 bn † | 4.2 bn † | SEC (XBRL)· 25 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 131.3 m | 145.6 m | 157.5 m | 146.7 m | 150.0 m | 162.7 m | SEC (XBRL)· 25 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 29 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40 · (margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 6.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Returns59
- Quality31
- Valuation14
- Growth29
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 17.35 – 49.16 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income32.23 – 33.67 (Mid 32.94)
- Justified P/B26.77 – 36.00 (Mid 30.71)
- Dividend discount (DDM)17.35 – 23.33 (Mid 19.90)
- Peers: P/E29.62 – 35.88 (Mid 34.00)34 companies used · median multiple 12.7x · quartiles 11.1x – 13.4xACNB, ALLY, ASB, AUBN, BANR, BNY, BWFG, CFG, COFS, COSO, EFSI, EWBC, FBP, FHB, FUSB, FVCB, GABC, HTH, ISBA, JMSB, MNSB, MTB, MYFW, NTRS, NWFL, OFG, OPBK, PEBK, PEBO, STT, TCBI, TCBK, WAL, WTFC
- Peers: P/B36.72 – 49.16 (Mid 41.70)34 companies used · median multiple 1.3x · quartiles 1.1x – 1.5xACNB, ALLY, ASB, AUBN, AVBH, BANR, BWFG, CFG, COFS, COSO, EFSI, EWBC, FBP, FHB, FITB, FUSB, FVCB, GABC, HTH, ISBA, JMSB, MNSB, MTB, MYFW, NWFL, OFG, OPBK, PEBK, PEBO, STT, TCBI, TCBK, WAL, WTFC
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 29/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 8.8% | 13 (vs peers) | 20% |
| ROA · Quality | 1.1% | 53 (on a fixed band) | 8% |
| Cost-to-income · Quality | 61.4% | 15 (on a fixed band) | 13% |
| Net interest margin · Quality | 3.6% | 84 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | -10.1% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 6.9% | 69 (on a fixed band) | 8% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | 1.5x | 28 (vs peers) | 13% |
| P/E (TTM) · Valuation | 18.6x | 0 (vs peers) | 13% |
| Dividend yield · Returns | 2.7% | 59 (vs peers) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth29/100 · 2/2 factors with a value
- Quality31/100 · 4/4 factors with a value
- Returns59/100 · 1/1 factors with a value
- Valuation14/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GLACIER BANCORP, INC. (GBCI). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: net interest income 889.0 m USD in 2025; YoY growth 7.5%; net margin 308.8%; ROE 8.8%.
The estimated value range is 29.62–35.88 USD per share (median of 5 methods, agreement: medium); assumptions are illustrative. Against the central value of 32.94 USD, the price of 49.64 USD leaves a potential of -33.6% (value / price − 1) and a margin of safety of -50.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 29/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net interest margin: 3.6%
What contradicts it
- ROE: 8.8%
- Cost-to-income: 61.4%
- EPS CAGR 3Y: -10.1%
- P/B: 1.5x
- P/E (TTM): 18.6x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk, Loan-to-deposit.
Versus the vertical median
State Commercial Banks (SIC 6022) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BNYThe Bank Of New York Mellon Corporation | 102.8 bn | 16.8 | 15.0% | 32.6% | +7.8% | +36% / +216% |
| FITBFifth Third Bancorp | 49.4 bn | 18.4 | 9.4% | — | −2.0% | +26% / +89% |
| STTState Street Corporation | 47.2 bn | 13.9 | 13.1% | 23.8% | +7.3% | +46% / +138% |
| MTBM&T Bank Corp | 32.4 bn | 11.7 | 10.7% | 178.1% | +7.5% | +18% / +75% |
| NTRSNorthern Trust Corporation | 32.2 bn | 13.7 | 18.4% | 28.8% | −2.5% | +36% / +125% |
| CFGCitizens Financial Group Inc | 27.6 bn | 13.0 | 8.9% | 25.4% | +5.6% | +22% / +142% |
| EWBCEast West Bancorp, Inc. | 18.4 bn | 12.9 | 16.6% | — | +4.4% | +26% / +113% |
| ALLYAlly Financial Inc. | 11.8 bn | 8.8 | 9.9% | 16.8% | −3.3% | −5% / +35% |
| WTFCWintrust Financial Corp | 10.5 bn | 11.9 | 12.9% | 347.5% | +5.9% | +16% / +82% |
| WALWestern Alliance Bancorporation | 8.5 bn | 8.7 | 13.3% | 436.5% | +99.7% | −3% / +55% |
| GBCIGlacier Bancorp, Inc. | 6.5 bn | 18.6 | 8.8% | 308.8% | +7.5% | +21% / +51% |
| ASBAssociated Banc-Corp | 5.8 bn | 10.8 | 10.2% | — | −11.0% | +19% / +77% |
| TCBITexas Capital Bancshares Inc | 4.5 bn | 13.4 | 10.2% | — | unavailable | +18% / +93% |
| FBPFirst Bancorp | 4.1 bn | 11.2 | 19.5% | 29.0% | +2.4% | +34% / +77% |
| FHBFirst Hawaiian, Inc. | 3.1 bn | 11.6 | 9.9% | 30.3% | +8.9% | +4% / +32% |
| BANRBanner Corporation | 2.6 bn | 12.2 | 10.0% | — | unavailable | +14% / +59% |
| OFGOFG Bancorp | 2.2 bn | 10.1 | 16.1% | — | unavailable | +30% / +53% |
| HTHHilltop Holdings Inc. | 2.1 bn | 15.7 | 6.6% | — | unavailable | +10% / +28% |
| GABCGerman American Bancorp, Inc. | 1.9 bn | 13.4 | 12.5% | 28.2% | +37.8% | +28% / +76% |
| TCBKTriCo Bancshares | 1.7 bn | 12.9 | 10.4% | 249.7% | +4.1% | +12% / +57% |
| PEBOPeoples Bancorp Inc. | 1.4 bn | 11.7 | 10.1% | 136.3% | +2.3% | +34% / +35% |
| ACNBAcnb Corporation | 686.6 m | 12.8 | 13.3% | 27.1% | +45.1% | +39% / +73% |
| BWFGBankwell Financial Group, Inc. | 584.1 m | 12.9 | 14.5% | 1,437.5% | +44.0% | +60% / +172% |
| COFSChoiceOne Financial Services, Inc. | 562.5 m | 10.4 | 12.0% | 42.0% | +63.6% | +24% / +50% |
| NWFLNorwood Financial Corp | 398.9 m | 12.7 | 11.2% | 338.1% | +8.1% | +28% / +32% |
1- and 3-year price returns: for GBCI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 30.10 Total return -37% · Per year -37% | 53.16 Total return 10% · Per year 10% | 80.00 Total return 65% · Per year 65% |
| 3 years | 30.61 Total return -32% · Per year -12% | 60.70 Total return 32% · Per year 10% | 100.08 Total return 113% · Per year 29% |
| 5 years | 31.13 Total return -26% · Per year -6% | 69.30 Total return 56% · Per year 9% | 125.21 Total return 174% · Per year 22% |
- Exit P/E± 15.17
- Net margin± 10.62
- Annual revenue growth± 8.53
- Annual dilution± 0.89
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 22 Oct 2026; since then the company filed 10-Q (03 Nov 2026).
In brief
Glacier Bancorp is a bank holding company based in Kalispell, Montana, providing retail and commercial banking through 281 locations across nine states. In 2026 the bank reported record third-quarter profit, supported by a rising net interest margin and recent acquisitions in Texas and Idaho.
SWOT
Strengths
- The Company has a broad network of locations across several states and a solid deposit position in some markets, giving it a stable funding base 13. Its long record of consecutive dividends points to financial discipline 3.
- Credit quality remains at historically low levels, and allowance coverage of non-performing loans is solid, reducing pressure on profit 1.
- The rising net interest margin and interest income show management's ability to manage funding costs and asset yields 13.
Weaknesses
- A significant part of shareholders' equity is goodwill, and any impairment could affect earnings and capital 1.
- The loan book is concentrated in commercial real estate loans, which are more exposed to falling property values and difficult economic conditions 1.
- Operating expenses rose with the acquisitions, and integrating several banks at once can create unexpected costs and pressure on efficiency 1.
Opportunities
- A return of the margin to historical levels could support profit growth if balance sheet repricing continues 3.
- A more predictable regulatory environment could open new acquisition opportunities in the targeted regions 1.
- Expansion into new markets such as Texas could diversify the customer and deposit base 1.
Threats
- A deterioration of economies in the states where the Company operates could lead to more non-performing loans and higher provisions 1.
- Competition from digital banks and fintech companies could reduce market share in deposits and loans 1.
- Changes in monetary policy and regulation could affect the net interest margin, profitability and capital 1.
Risks
- Commercial real estate exposurehigh
Loans secured by commercial real estate make up a large part of the portfolio, and a fall in property values could cause losses above the level of provisions 1.
- Significant goodwillhigh
Goodwill represents an important share of shareholders' equity, and an impairment could weigh on profit and on the ability to keep paying dividends 1.
- Acquisition integration riskmedium
Integrating acquired banks can face operational difficulties, loss of customers or staff, and costs higher than expected 12.
- Changing regulatory environmentmedium
Frequent changes to banking laws and policies could raise compliance costs and affect the Company's strategy 1.
- Dependence on earnings for dividendslow
Maintaining dividends at recent levels depends on earnings and capital, and regulation limits payouts when profit falls 1.
Investment thesis
What would need to be true (bull case)
- The net interest margin has risen steadily in recent quarters, and if balance sheet repricing continues, profitability could return to the Company's historical levels 3.
- Non-performing loans remain at low levels, which suggests prudent management of credit risk 1.
- Recent acquisitions extended the network into new states and grew the deposit base, which could support medium-term growth 13.
What would break the thesis
- The large exposure to commercial real estate could generate losses if property markets in the region weaken 1.
- A significant part of shareholders' equity is goodwill, which could be written down if acquisition performance falls short of expectations 1.
- Competition from digital banks and fintech companies could squeeze margins and the cost of attracting deposits 1.
What to watch
- Trend in net interest margin and cost of depositsQ4 2026
- Quality of the commercial real estate book and level of provisions2027
- Full integration of recent acquisitions and trend in operating expenses2027
- Next annual 10-K and any change to the dividendnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 22 Oct 2026; since then the company filed 10-Q (03 Nov 2026).
The business
Glacier Bancorp, Inc., headquartered in Kalispell, Montana, is a Montana corporation listed on the NYSE under the symbol GBCI. Through its wholly-owned bank subsidiary, Glacier Bank, it offers retail banking, business banking, real estate, commercial, agriculture and consumer loans, and mortgage origination and servicing 1. The bank has eighteen divisions with separate names and management teams, and the Company treats the bank as its sole operating segment 1. As of 31 December 2025 it employed 4,188 persons, 3,927 of them full time 1.
Segments
Regional bank divisions
The Company operates divisions such as First Security Bank, Glacier Bank, Heritage Bank of Nevada and Guaranty Bank & Trust, each with its own name and management under Glacier Bank 1. The share of FDIC insured deposits varies widely by state, from 26.9 percent in Montana to 0.3 percent in Utah 1.
Single operating segment
Management considers the bank its only operating segment, with the corporate division holding the investment portfolio, wholesale borrowings and other centralized functions 1. Segment reporting is therefore essentially the same as the consolidated bank reporting.
Market context
The market area covers nine states in the West and South, with economies built on tourism, construction, mining, energy, manufacturing, agriculture, services and health care 1. Competition comes from commercial banks, savings and loans, credit unions and internet-based rivals, while non-bank institutions in securities, insurance and retail compete for savings and lending 1.
Industry consolidation picked up in 2025, with deal volume and values rising sharply, supported by a more predictable regulatory environment 1. For the Company this may open acquisition opportunities, along with risks around integration and the use of its share price as currency 1.
Trends
- Rising net interest margintailwind
The net interest margin rose to 4.01 percent in the third quarter of 2026, from 3.39 percent a year earlier, on higher asset yields and lower funding costs 3. If balance sheet repricing continues, profitability could return to the Company's historical levels 3.
- Loan and deposit growthtailwind
The loan portfolio grew by $2.829 billion, or 15 percent, from the third quarter of 2025, and deposits grew by $3.402 billion over the same period 3. Acquisitions partly drove this growth, so the organic pace is harder to gauge 13.
- Acquisitions and integrationmixed
The Company completed acquisitions with total assets above $4.7 billion in 2025 and finished the Guaranty core system conversion in 2026 13. Integration can bring savings but also costs and operational difficulties that could weigh on results if underestimated 1.
- Regulatory and cost pressuresheadwind
Frequent and sometimes contradictory changes in banking rules add complexity and cost, and consumer protection requirements vary between states 1. Operating expenses rose in 2025, mainly from newly acquired units 1, which could pressure efficiency if revenue does not grow in step.
Competitive position
Banking in the Company's regions is highly competitive, with many depository institutions, and competition for deposits and loans is intensifying from online rivals 1. Larger banks or those with greater financial resources can offer more attractive terms, and new bank charters granted to fintech companies could reshape local competition 1.
- Community and regional banks in the western US
Local institutions competing for deposits and commercial loans in the Company's operating areas, as described in the filing 1.
- Credit unions
Member-owned institutions that attract savings and offer loans in the same markets, named as main deposit competitors 1.
- Internet-based banks
Digital competitors growing in intensity that can offer competitive terms for deposits and loans 12.
- Fintech companies with bank charters
New entrants that could change local competition if they obtain or acquire bank charters, per the risk factors 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report03 Nov 2026
- Current report29 Oct 2026Other events · Financial statements and exhibits
- Current report22 Oct 2026Results of operations · Financial statements and exhibits
- Current report31 Aug 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report03 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report23 Jul 2026Results of operations · Financial statements and exhibits
- Current report05 May 2026Regulation FD disclosure · Financial statements and exhibits
- Current report01 May 2026Shareholder vote · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report01 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Glacier Bancorp, Inc. · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Glacier Bancorp, Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Glacier Bancorp, Inc. · 22 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.