Glacier Bancorp, Inc. (GBCI) Earnings
Glacier Bancorp, Inc. is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $0.76. GBCI has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise -3.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.67 | $0.70 | +4.5% | $307M | -0.5% |
| Jan 22, 2026 | $0.59 | $0.49 | -16.9% | $307M | -0.9% |
| Oct 16, 2025 | $0.61 | $0.62 | +1.6% | $261M | +0.3% |
| Jul 24, 2025 | $0.47 | $0.45 | -4.3% | $235M | -9.9% |
| Apr 24, 2025 | $0.47 | $0.48 | +2.1% | $217M | -4.5% |
| Jan 24, 2025 | $0.52 | $0.54 | +3.8% | $217M | +13.5% |
| Oct 24, 2024 | $0.42 | $0.45 | +7.1% | $209M | -2.9% |
| Jul 18, 2024 | $0.37 | $0.39 | +5.4% | $194M | +8.0% |
| Apr 18, 2024 | $0.33 | $0.29 | -12.1% | $191M | -6.0% |
| Jan 25, 2024 | $0.41 | $0.49 | +19.5% | $191M | +14.4% |
| Oct 19, 2023 | $0.42 | $0.47 | +11.9% | $192M | +15.3% |
| Jul 20, 2023 | $0.49 | $0.50 | +2.0% | $197M | +6.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Thank you for standing by, and welcome to the Glacier Bank Corp First Quarter 2026 Earnings Conference Call. Randy Chesler introduced the call, mentioning participants. Highlighted strong first quarter results with net income, EPS growth. Margin expansion as key driver, with details on net interest margin, loan yield, earning assets yield, and cost of funding changes. Balance sheet trends: loan portfolio growth, Southwest region growth, deposit growth. Non-GAAP operating results, consistent cost control. Credit portfolio performance, low non-performing assets, net charge-offs decline, conservative allowance. Completed core conversion of Guaranty Bank. Declared quarterly dividend of 33 cents per share, 164th consecutive.
Guidance
Expecting strong 2026, margin target of 4% in second half of 2026. Asset repricing with $3 billion of loans repricing in next 12 months, earning incremental rate 75-100 basis points. Loan growth expectations in low to mid single digits. Planning to reach 54-55% efficiency ratio in fourth quarter. Anticipating capital deployment with excess cash to be put to work in second half of 2026.
Segment performance
Net income was $82.1 million, an increase of $18.4 million or 29% from the prior quarter and an increase of $27.6 million or 51% from the prior year first quarter. Diluted earnings per share was $0.63 per share, an increase of $0.14 per share or 29% from the prior quarter and an increase of 15 cents per share or 31% from the prior year first quarter. The net interest margin as a percentage of earning assets on a tax equivalent basis was 3.80%, an increase of 22 basis points from the prior quarter and an increase of 76 basis points from the prior year first quarter. The loan yield of 6.16% in the current quarter increased seven basis points from the prior quarter and increased 39 basis points from the prior year first quarter. The total earning assets yield of 5.11% in the current quarter increased 11 basis points from the prior quarter and increased 50 basis points from the prior year first quarter. The total cost of funding of 1.4% in the current quarter decreased 12 basis points from the prior quarter and decreased 28 basis points from the prior year first quarter. The loan portfolio of 21 billion at the end of the quarter increased 106 million or 2% annualized from the prior quarter. The Southwest region grew in excess of 7% annualized. Total deposits of 24.7 billion at quarter end increased 151 million or 2% annualized from the prior quarter. Non-interest bearing deposits of 7.4 billion increased 113 million or 6% annualized from the prior quarter. Operating EPS was 70 cents per share. Operating expenses were $188.2 million for the quarter. Non-performing assets remain low at 25 basis points of total assets with a slight increase from the prior quarter. Net charge-offs declined to two basis points of total loans, down from six basis points in the prior quarter. Our allowance for credit remains at 1.22% of total loans.
Risks & headwinds
Geopolitical and associated economic risks affecting loan growth expectations. Seasonal impacts on certain regions affecting growth. Competition in deposit and loan markets affecting margins and growth.
Analyst Q&A
Q: Just kind of at a high level, wanted to chat about the sort of the Texas market of the Southwest footprint.
A: Yeah, well, I think to some extent, the numbers speak for themselves. They grew in excess of 6% in the first quarter... Our next question comes from the line of Matthew Clark from Piper Sandler.
Q: Just wanted to start on the loan growth.
A: I think we were thinking somewhere in that 3% to 5% range... Our next question comes from the line of David Feaster from Raymond James.
Q: I wanted to maybe just switching back to Texas and the guarantee deal just for a minute.
A: Sure. Yeah. The convergence behind us, I think the teams, um, are doing a great job... Our next question comes from the line of Andrew Terrell from Stevens.
Q: If I could go back to just the margin quickly.
A: Yeah, I do think we could see a couple more basis points in Q2... Our next question comes from the line of Kelly Mata from KBW.
Q: I would love to follow up. I apologize if I missed it, but when you were discussing the margin in regards to the excess liquidity and the deployment of that.
A: Don't know that we have a specific, you know, target in mind... This does conclude the question and answer session of today's program.