Glacier Bancorp, Inc. (GBCI) 10-Year Financial Performance & Capital Metrics

GBCI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutGlacier 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 offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.Show more

Net Interest Income $705M +1.9%
Total Revenue $1.25B +11.6%
Net Income $190M -14.7%
Return on Equity 6.09% -19.9%
Net Interest Margin 2.53% +1.3%
Efficiency Ratio 44.6% -1.9%
ROA 0.68% -16.6%
Equity / Assets 11.55% +6.1%
Book Value per Share 28.47 +4.5%
Tangible BV/Share 18.73 +3.7%
Debt/Equity 1.18 -20.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 44.6% efficiency ratio
✓Well capitalized: 11.6% equity/assets
✓Healthy dividend yield of 2.7%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.58%

5Y13.77%

3Y15.28%

TTM-

Profit (Net Income) CAGR

10Y5.36%

5Y-2.02%

3Y-12.6%

TTM29.72%

EPS CAGR

10Y1.07%

5Y-6.73%

3Y-16.25%

TTM27.78%

ROCE

10Y Avg9.35%

5Y Avg8.26%

3Y Avg5.72%

Latest3.85%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	290.41M	314.52M	345.16M	433.46M	503.4M	599.75M	662.52M	788.38M	691.68M	704.63M
NII Growth %	0.06%	0.08%	0.1%	0.26%	0.16%	0.19%	0.1%	0.19%	-0.12%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	319.68M	344.15M	375.02M	469M	546.18M	627.06M	681.07M	829.64M	1.02B	1.14B
Interest Expense	29.27M	29.63M	29.86M	35.53M	42.77M	27.32M	18.56M	41.26M	325.97M	435.22M
Loan Loss Provision	2.28M	2.33M	10.82M	9.95M	57K	39.77M	23.08M	19.96M	14.79M	28.31M
Non-Interest Income+	88.7M	94.36M	100.25M	110.26M	107.14M	163.01M	131.66M	103.73M	97.75M	105.39M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	408.38M	438.52M	475.27M	579.25M	653.32M	790.08M	812.73M	933.37M	1.12B	1.25B
Revenue Growth %	0.07%	0.07%	0.08%	0.22%	0.13%	0.21%	0.03%	0.15%	0.2%	0.12%
Non-Interest Expense	226.7M	245.76M	253.58M	311.56M	351.29M	394.96M	421.66M	501.86M	507.03M	555.42M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	150.13M	160.79M	181M	222.21M	259.19M	328.04M	349.44M	370.28M	267.61M	226.3M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.01%	0.07%	0.13%	0.23%	0.17%	0.27%	0.07%	0.06%	-0.28%	-0.15%
Pretax Income+	150.13M	160.79M	181M	222.21M	259.19M	328.04M	349.44M	370.28M	267.61M	226.3M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	34M	39.66M	64.63M	40.33M	48.65M	61.64M	64.68M	67.08M	44.68M	36.16M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	116.13M	121.13M	116.38M	181.88M	210.54M	266.4M	284.76M	303.2M	222.93M	190.14M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.03%	0.04%	-0.04%	0.56%	0.16%	0.27%	0.07%	0.06%	-0.26%	-0.15%
Net Income (Continuing)	116.13M	121.13M	116.38M	181.88M	210.54M	266.4M	284.76M	303.2M	222.93M	190.14M
EPS (Diluted)+	1.54	1.59	1.75	2.17	2.38	2.81	2.86	2.74	2.01	1.68
EPS Growth %	0.02%	0.03%	0.1%	0.24%	0.1%	0.18%	0.02%	-0.04%	-0.27%	-0.16%
EPS (Basic)	1.54	1.59	1.75	2.18	2.39	2.81	2.87	2.74	2.01	1.68
Diluted Shares Outstanding	75.6M	76.34M	77.61M	83.68M	88.39M	94.93M	99.4M	110.83M	110.89M	113.24M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	187.17M	152.54M	200M	203.79M	330.96M	633.14M	437.69M	402M	1.35B	848.41M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	8.35B	8.75B	8.94B	11.09B	12.27B	16.67B	23.7B	24.18B	24.32B	24.73B
Investments Growth %	0.13%	0.05%	0.02%	0.24%	0.11%	0.36%	0.42%	0.02%	0.01%	0.02%
Long-Term Investments	5.74B	6.33B	7.17B	8.52B	9.69B	11.33B	14.53B	18.87B	19.54B	21.02B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	140.64M	147.05M	177.81M	289.59M	456.42M	514.01M	985.39M	985.39M	985.39M	1.05B
Intangible Assets	14.55M	12.35M	14.18M	49.24M	63.29M	55.51M	52.26M	41.6M	31.87M	51.18M
PP&E (Net)	194.03M	176.2M	177.35M	241.53M	310.31M	325.33M	372.6M	398.1M	421.79M	468.22M
Other Assets	104.01M	94.99M	110.67M	166.45M	195.94M	232.01M	288.15M	350.34M	373.74M	517.05M
Total Current Assets	2.84B	2.62B	2.02B	2.83B	2.96B	6.05B	9.69B	5.79B	6.23B	4.65B
Total Non-Current Assets	6.25B	6.83B	7.68B	9.29B	10.72B	12.46B	16.26B	20.84B	21.51B	23.25B
Total Assets+	9.09B	9.45B	9.71B	12.12B	13.68B	18.5B	25.94B	26.64B	27.74B	27.9B
Asset Growth %	0.09%	0.04%	0.03%	0.25%	0.13%	0.35%	0.4%	0.03%	0.04%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	3.52M	3.58M	3.45M	4.25M	4.69M	3.31M	2.41M	4.33M	125.91M	33.63M
Total Debt+	950M	855.83M	850.93M	985.09M	777.17M	1.18B	1.2B	2.96B	4.44B	3.79B
Net Debt	762.82M	703.29M	650.92M	781.29M	446.21M	544.47M	759.82M	2.55B	3.09B	2.95B
Long-Term Debt	526.58M	382.18M	488.35M	588.93M	207.34M	173.03M	176.71M	2.01B	2.95B	2.02B
Short-Term Debt	423.41M	473.65M	362.57M	396.15M	569.82M	1B	1.02B	945.92M	1.49B	1.78B
Other Liabilities	114.06M	102.04M	73.17M	116.53M	164.95M	194.86M	225.86M	225.19M	225.79M	304.59M
Total Current Liabilities	7.37B	7.85B	7.95B	9.89B	11.35B	15.81B	22.36B	21.56B	21.54B	22.36B
Total Non-Current Liabilities	640.64M	484.22M	561.52M	705.46M	372.3M	391.75M	402.57M	2.24B	3.18B	2.32B
Total Liabilities	8.01B	8.33B	8.51B	10.6B	11.72B	16.2B	22.76B	23.79B	24.72B	24.68B
Total Equity+	1.08B	1.12B	1.2B	1.52B	1.96B	2.31B	3.18B	2.84B	3.02B	3.22B
Equity Growth %	0.05%	0.04%	0.07%	0.26%	0.29%	0.18%	0.38%	-0.11%	0.06%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.11%	0.1%	0.13%	0.12%	0.12%	0.1%	0.1%	0.08%	0.06%
Book Value per Share	14.24	14.63	15.45	18.12	22.18	24.30	31.97	25.66	27.24	28.47
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	761K	765K	780K	845K	923K	954K	1.11M	1.11M	1.11M	1.13M
Additional Paid-in Capital	736.37M	749.11M	798M	1.05B	1.38B	1.5B	2.34B	2.34B	2.35B	2.45B
Retained Earnings	337.53M	374.38M	402.26M	473.18M	541.05M	667.94M	810.34M	966.98M	1.04B	1.08B
Accumulated OCI	1.99M	-7.38M	-1.98M	-9.43M	40.23M	143.09M	27.36M	-468.79M	-374.11M	-309.3M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	176.77M	193.09M	254.74M	280.71M	226.65M	189.54M	572.05M	470.66M	500.71M	258.04M
Operating CF Growth %	-0.03%	0.09%	0.32%	0.1%	-0.19%	-0.16%	2.02%	-0.18%	0.06%	-0.48%
Net Income	116.13M	121.13M	116.38M	181.88M	210.54M	266.4M	284.76M	303.2M	222.93M	190.14M
Depreciation & Amortization	17.33M	18.26M	17.25M	22.29M	27.08M	30.79M	32.04M	36.49M	37.14M	41.66M
Deferred Taxes	-4.08M	-82K	25.89M	6.86M	-356K	-6.86M	-9.1M	2.18M	507K	2.61M
Other Non-Cash Items	43.62M	53.12M	93.36M	56.94M	-25.63M	-70.16M	247.33M	143.31M	141.88M	104.9M
Working Capital Changes	2.08M	-1.19M	-1.09M	9.62M	7.54M	-34.26M	12.67M	-19.88M	92.33M	-86.97M
Cash from Investing+	-681.31M	-421.31M	23.66M	-872.42M	-42.68M	-3.56B	-3.91B	-1.35B	-207.49M	493.14M
Purchase of Investments	-1.18B	-660.52M	-122.15M	-946.26M	-1.32B	-3.34B	-6.56B	-1.47B	-585.32M	-352.89M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	21.43M	6.7M	-4.09M	101.27M	62.98M	43.71M	1.62B	0	0	107.68M
Other Investing	-364.54M	-583.02M	-628.22M	-757.56M	-368.66M	-1.13B	-465.7M	-1.85B	-1.06B	-414.51M
Cash from Financing+	255.39M	187.51M	-230.93M	595.5M	-56.8M	3.68B	3.14B	845.43M	659.12M	-1.26B
Dividends Paid	-79.46M	-84.04M	-111.72M	-85.49M	-124.47M	-131.26M	-145.56M	-157.54M	-146.69M	-150.03M
Share Repurchases	0	0	0	0	0	0	0	0	0	-1.63M
Stock Issued	17K	0	0	0	0	993K	265K	140K	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K
Other Financing	240.9M	417.64M	-202M	603.46M	459.72M	3.84B	3.28B	-806.29M	-135.72M	-108.25M
Net Change in Cash+	-249.16M	-40.71M	47.46M	3.79M	127.17M	302.18M	-195.46M	-35.69M	952.35M	-505.93M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	442.41M	193.25M	152.54M	200M	203.79M	330.96M	633.14M	437.69M	402M	1.35B
Cash at End	193.25M	152.54M	200M	203.79M	330.96M	633.14M	437.69M	402M	1.35B	848.41M
Interest Paid	30.1M	29.58M	30M	35.17M	42.46M	28.82M	19.78M	39.34M	204.4M	528.91M
Income Taxes Paid	39.62M	36.23M	40.22M	26.49M	36.82M	63.02M	67.31M	55.2M	27.93M	15.6M
Free Cash Flow+	158.55M	184.78M	244.61M	262.07M	210.25M	177.83M	562.61M	436.9M	451.43M	209.76M
FCF Growth %	-0.06%	0.17%	0.32%	0.07%	-0.2%	-0.15%	2.16%	-0.22%	0.03%	-0.54%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.04%	11.04%	10.05%	13.4%	12.11%	12.48%	10.38%	10.07%	7.6%	6.09%
Return on Assets (ROA)	1.34%	1.31%	1.21%	1.67%	1.63%	1.66%	1.28%	1.15%	0.82%	0.68%
Net Interest Margin	3.2%	3.33%	3.56%	3.58%	3.68%	3.24%	2.55%	2.96%	2.49%	2.53%
Efficiency Ratio	55.51%	56.04%	53.36%	53.79%	53.77%	49.99%	51.88%	53.77%	45.46%	44.6%
Equity / Assets	11.85%	11.82%	12.35%	12.51%	14.33%	12.47%	12.25%	10.67%	10.89%	11.55%
Book Value / Share	14.24	14.63	15.45	18.12	22.18	24.3	31.97	25.66	27.24	28.47
NII Growth	6.39%	8.3%	9.74%	25.58%	16.13%	19.14%	10.47%	19%	-12.27%	1.87%
Dividend Payout	68.42%	69.38%	96%	47.01%	59.12%	49.27%	51.12%	51.96%	65.8%	78.91%

Frequently Asked Questions

Valuation & Price

Glacier Bancorp, Inc. (GBCI) has a price-to-earnings (P/E) ratio of 28.8x. This suggests investors expect higher future growth.

Growth & Financials

Glacier Bancorp, Inc. (GBCI) grew revenue by 11.6% over the past year. This is steady growth.

Yes, Glacier Bancorp, Inc. (GBCI) is profitable, generating $237.0M in net income for fiscal year 2024 (15.3% net margin).

Dividend & Returns

Yes, Glacier Bancorp, Inc. (GBCI) pays a dividend with a yield of 2.74%. This makes it attractive for income-focused investors.

Glacier Bancorp, Inc. (GBCI) has a return on equity (ROE) of 6.1%. This is below average, suggesting room for improvement.

Industry Metrics

Glacier Bancorp, Inc. (GBCI) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

Glacier Bancorp, Inc. (GBCI) has an efficiency ratio of 44.6%. This is excellent, indicating strong cost control.

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