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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 offers retail banking; business banking and mortgage origination and loan servicing services. The company also accepts deposit products, including non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal, demand deposit accounts, savings, money market deposits, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. In addition, it offers credit risk management, construction and permanent loans on residential real estate, consumer land or lot loans, unimproved land and land development loans, construction loans, commercial real estate loans, agricultural and consumer lending, home equity loans, and states and political subdivisions lending, as well as residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. Glacier Bancorp, Inc. was founded in 1955 and is headquartered in Kalispell, Montana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.0B | - | $239M | $348M | 5.7% | 24.0% | 25.7% |
| 2024 | $810M | - | $190M | $210M | 5.9% | 2.6% | -14.7% |
| 2023 | $789M | - | $223M | $451M | 7.4% | -11.5% | -26.5% |
| 2022 | $892M | - | $303M | $437M | 10.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 892.11 | 789.44 | 810.03 | 1,004.48 |
| Pretax Income | 370.28 | 267.61 | 226.30 | 290.25 |
| Tax Provision | 67.08 | 44.68 | 36.16 | 51.22 |
| Net Income | 303.20 | 222.93 | 190.14 | 239.03 |
| Net Income Common Stockholders | 303.20 | 222.93 | 190.14 | 239.03 |
| Interest Expense | 41.26 | 325.97 | 435.22 | 406.76 |
| Interest Income | 829.64 | 1,017.65 | 1,139.85 | 1,295.80 |
| Selling General And Administration | 352.34 | 359.42 | 383.62 | 441.55 |
| Normalized Income | 308.86 | 224.14 | 194.19 | 252.88 |
| Basic EPS | 2.74 | 2.01 | 1.68 | 2 |
| Diluted EPS | 2.74 | 2.01 | 1.68 | 1.99 |
| Tax Effect Of Unusual Items | -1.25 | -0.24 | -0.77 | -2.97 |
| Tax Rate For Calcs | 0.18 | 0.17 | 0.16 | 0.18 |
| Total Unusual Items | -6.91 | -1.46 | -4.82 | -16.82 |
| Total Unusual Items Excluding Goodwill | -6.91 | -1.46 | -4.82 | -16.82 |
| Net Income From Continuing Operation Net Minority Interest | 303.20 | 222.93 | 190.14 | 239.03 |
| Reconciled Depreciation | 36.49 | 37.14 | 41.66 | 48.91 |
| Net Interest Income | 788.38 | 691.68 | 704.63 | 889.04 |
| Net Income From Continuing And Discontinued Operation | 303.20 | 222.93 | 190.14 | 239.03 |
| Diluted Average Shares | 110.83 | 110.89 | 113.24 | 119.94 |
| Basic Average Shares | 110.76 | 110.86 | 113.17 | 119.75 |
| Diluted NI Availto Com Stockholders | 303.20 | 222.93 | 190.14 | 239.03 |
| Net Income Including Noncontrolling Interests | 303.20 | 222.93 | 190.14 | 239.03 |
| Net Income Continuous Operations | 303.20 | 222.93 | 190.14 | 239.03 |
| Special Income Charges | -6.91 | -1.46 | -4.82 | -16.82 |
| Other Special Charges | -3.05 | 0.16 | -5.10 | 0.22 |
| Restructuring And Mergern Acquisition | 9.96 | 1.30 | 9.92 | 16.59 |
| Gain On Sale Of Security | 0.62 | 1.51 | 0.03 | 0 |
| Depreciation Amortization Depletion Income Statement | 10.66 | 9.73 | 12.76 | 15.89 |
| Depreciation And Amortization In Income Statement | 10.66 | 9.73 | 12.76 | 15.89 |
| Amortization | 10.66 | 9.73 | 12.76 | 15.89 |
| Amortization Of Intangibles Income Statement | 10.66 | 9.73 | 12.76 | 15.89 |
| Selling And Marketing Expense | 14.32 | 15.43 | 16.13 | 17.77 |
| General And Administrative Expense | 338.02 | 343.99 | 367.49 | 423.78 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 12.90 | 28.71 | 24.19 | 22.68 |
| Salaries And Wages | 325.11 | 315.27 | 343.30 | 401.11 |
| Operating Revenue | 892.11 | 789.44 | 810.03 | 1,004.48 |
| Occupancy And Equipment | 43.26 | 43.58 | 47.05 | 55.62 |
| Professional Expense And Contract Services Expense | 19.93 | 20.39 | 26.82 | 25.45 |
| Other Non Interest Expense | 68.76 | 72.45 | 80.35 | 87.50 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Glacier Bancorp, Inc.this co. | GBCI | $6.3B | 22.50↑ premium | 1.47 | 5.7% | - |
| Valley National Bancorp | VLY | $7.4B | 11.99 | 0.99 | 7.7% | - |
| Essent Group Ltd. | ESNT | $6.0B | 9.27 | 1.06 | 12.0% | 6.75 |
| United Bankshares, Inc. | UBSI | $6.0B | 12.14 | 1.10 | 8.5% | - |
| Flagstar Bank, National Association | FLG | $5.8B |
| - |
| 0.76 |
| -2.2% |
| - |
| Hancock Whitney Corporation | HWC | $5.4B | 13.68 | 1.22 | 10.9% | - |
| Home BancShares, Inc. | HOMB | $5.4B | 10.91 | 1.20 | 11.1% | - |
| Associated Banc-Corp | ASB | $5.3B | 9.67 | 0.95 | 9.5% | - |
| Nelnet, Inc. | NNI | $5.1B | 12.10 | 1.39 | 12.0% | - |
| Peer Median | - | 11.99 | 1.08 | 10.2% | 6.75 | |