GBCI

Regional banking company Glacier Bancorp (NYSE:GBCI) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 28.1% year on year to $311.2 million. Its non-GAAP profit of $0.76 per share was in line with analysts’ consensus estimates. Is now the time to buy GBCI? Find out in our full research report (it’s free). Revenue: $311.2 million vs analyst estimates of $322.4 million (28.1% year-on-year growth, 3.5% miss) Adjusted EPS: $0.76 vs analyst estimates of $0.76 (in line) Market Capitalization: $6.59 billion Glacier Bancorp’s second quarter was shaped by expanding net interest margins and broad-based loan growth across core markets, though revenue fell short of Wall Street expectations. Management pointed to continued strength in net interest income, with CEO Randall Chesler highlighting, “Net interest income increased to $276 million, up 33% from the second quarter of last year.” The company also benefited from well-controlled expenses and a stable funding profile, contributing to solid operating momentum throughout the quarter. While deposit levels remained steady, a modest increase in nonperforming assets was noted, but management emphasized that credit quality remains excellent. Looking ahead, Glacier Bancorp’s outlook centers on maintaining stable deposit costs and further margin improvement, contingent on the interest rate environment. Management expects loan growth to remain healthy into the next quarter, particularly as strong pipelines in both the Southwest and Mountain West regions persist. CFO Byron Pollan stated, “We expect that [net interest] margin will continue to grow… and I do think we will hit that 4% level early in the fourth quarter.” The company is also monitoring competitive pressures in funding and loan pricing, but anticipates that its community banking model and conservative approach to credit will provide a solid foundation for the remainder of the year. Management attributed the quarter’s results to net interest margin expansion, disciplined expense control, and broad-based loan growth, while also addressing competitive funding pressures and ongoing M&A activity. Net interest margin expansion: The company’s net interest margin rose to 3.9%, up 10 basis points from the prior quarter, reflecting higher loan yields and stable deposit costs. Management credited ongoing asset repricing and disciplined underwriting as key drivers. Broad-based loan growth: Loans ended the quarter at $21.4 billion, with growth observed across both the Southwest and Mountain West regions. CEO Randall Chesler described loan pipelines as “very healthy,” particularly in commercial lending, and expects momentum to continue into the next quarter. Stable funding profile: Deposit costs declined to 1.18%, aided by Glacier Bancorp’s focus on relationship banking in rural markets. Management noted that while competition for deposits remains rational, the company’s market positioning has allowed it to keep funding costs below peers. Expense discipline: Operating efficiency improved, with acquisition-related expenses dropping and the efficiency ratio improving to 56.21%. CFO Ronald J. Copher stated that “very, very good control on expenses” contributed to earnings growth, though some discretionary spending may return in the second half. M&A environment: While M&A activity remains muted nationally, internal discussions for potential deals continue. Management anticipates that deal flow may increase later in the year but is maintaining a flexible approach to capital deployment. Glacier Bancorp’s forward outlook is shaped by margin expansion, disciplined expense management, and sustained loan demand in key regions. Margin expansion continues: Management anticipates net interest margin will surpass 4% by early next quarter, supported by asset repricing and steady loan growth. CFO Byron Pollan noted that longer-term margin could normalize between 4% and 4.5%, especially if the yield curve steepens and loan production remains robust. Loan growth and market dynamics: Healthy loan pipelines across the Southwest and Mountain West, alongside targeted investments in the securities portfolio, are expected to drive earning asset growth. Management sees potential to capitalize on regional market disruption and competitor acquisitions, with early signs of new customers moving to Glacier Bancorp. Expense and competitive headwinds: While expense control has been a recent strength, management cautioned that some discretionary spending could return. Additionally, loan pricing competition in larger metro areas is expected to persist, though underwriting standards remain disciplined. Over the coming quarters, the StockStory team will be monitoring (1) net interest margin progression toward and above 4% as asset repricing continues, (2) the pace and breadth of loan growth across key regions, and (3) Glacier Bancorp’s ability to manage funding costs and expense discipline amid competitive pressures. The impact of M&A developments and regional market dislocation will also be pivotal markers of execution. Glacier Bancorp currently trades at $50.23, in line with $50.65 just before the earnings. 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Glacier Bancorp’s second quarter was shaped by expanding net interest margins and broad-based loan growth across core markets, though revenue fell short of Wall Street expectations. Management pointed to continued strength in net interest income, with CEO Randall Chesler highlighting, “Net interest income increased to $276 million, up 33% from the second quarter of last year.” The company also benefited from well-controlled expenses and a stable funding profile, contributing to solid operating momentum throughout the quarter. While deposit levels remained steady, a modest increase in nonperforming assets was noted, but management emphasized that credit quality remains excellent. Is now the time to buy GBCI? Find out in our full research report (it’s free). Revenue: $321.1 million vs analyst estimates of $322.4 million (32.2% year-on-year growth, in line) Adjusted EPS: $0.76 vs analyst estimates of $0.76 (in line) Market Capitalization: $6.36 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matthew Clark (Piper Sandler) asked about the outlook for deposit costs, given stable funding trends. CFO Byron Pollan replied that deposit costs are expected to remain stable unless the Federal Reserve changes rates, noting, “a good outlook is just stable from here.” Matthew Clark (Piper Sandler) inquired about the sustainability of loan growth and regional pipeline strength. Chief Credit Administrator Tom Dolan explained that both the Southwest and Mountain West have strong pipelines, with construction and agricultural lending supporting continued growth into the next quarter. Jeffrey Allen Rulis (D.A. Davidson) probed geographic contributions to loan growth. CEO Randall Chesler responded that both regions performed well, with the Southwest rebuilding its pipeline and the Mountain West posting strong results. Kelly Motta (KBW) asked about net interest margin sustainability and the impact of discount accretion. CFO Byron Pollan suggested that margins could surpass 4% in early Q4 and longer-term could normalize above 4% if asset repricing continues favorably. Evan (Raymond James) questioned competitive pressures in funding and deposit gathering. CFO Byron Pollan described competition as “rational” and stated that Glacier Bancorp’s rural market focus helps keep funding costs contained. Over the coming quarters, the StockStory team will be monitoring (1) net interest margin progression toward and above 4% as asset repricing continues, (2) the pace and breadth of loan growth across key regions, and (3) Glacier Bancorp’s ability to manage funding costs and expense discipline amid competitive pressures. The impact of M&A developments and regional market dislocation will also be pivotal markers of execution. Glacier Bancorp currently trades at $52.27, up from $50.65 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Glacier Bancorp has returned 66.9% over the past three years, yet its valuation signals are split, with an intrinsic value estimate from the Excess Returns model pointing to roughly 20.1% upside, while earnings-based multiples lean expensive and the broader checks give the stock a low value score. Over three years, Glacier Bancorp has delivered a 66.9% total return, which puts more pressure on today’s entry price to be justified by future cash flows. Expectations for higher earnings and revenue, highlighted by the upcoming earnings release, can support the intrinsic value case, while any disappointment in net interest margin trends or loan quality could challenge that valuation. Glacier Bancorp screens as attractive on only 2 of 6 valuation checks, which suggests the overall picture leans more towards fully priced than clear bargain. The issue now is whether Glacier Bancorp’s current share price reflects a reasonable balance between the upside implied by the intrinsic value estimate and the caution coming from traditional multiples and the low value score. Find out why Glacier Bancorp's 14.1% return over the last year is lagging behind its peers. The Excess Returns model looks at how much profit Glacier Bancorp can generate over and above the cost of its equity capital. For Glacier Bancorp, the model is built around a Book Value of $33.13 per share and a Stable EPS of $3.51 per share, based on future return on equity estimates from 4 analysts, against a Cost of Equity of $2.53 per share. That spread works out to an Excess Return of $0.98 per share, supported by an Average Return on Equity of 9.85% and a Stable Book Value assumption of $35.58 per share from 5 analyst forecasts. Putting these inputs together, the Excess Returns framework points to an intrinsic value of $62.95 per share, which sits above the current share price and indicates Glacier Bancorp is trading at a discount of about 20.1%. Because the upcoming Q2 2026 earnings report is expected to show higher EPS and revenue, the Street’s focus on the sustainability of those returns helps explain why the market has not fully closed that gap. Overall, the Excess Returns workup indicates Glacier Bancorp stock currently appears undervalued relative to the cash generation implied by its forecast returns on equity. Our Excess Returns analysis suggests Glacier Bancorp is undervalued by 20.1%. Track this in your watchlist or portfolio, or discover 48 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Glacier Bancorp. P/E is usually the cleanest way to compare Glacier Bancorp with other bank stocks, because earnings are a core driver for the sector. Glacier Bancorp currently trades on a P/E of about 21.0x, which is well above both the Banks industry average of roughly 12.0x and the peer group average of 12.7x. That already puts the stock at a clear premium to many listed banks. A tailored fair P/E for Glacier Bancorp, based on its profile and risk characteristics, is around 18.0x. The current 21.0x level sits meaningfully above that, so the stock looks expensive even after adjusting for company specific factors rather than just comparing it to broad industry averages. With expectations already high going into the upcoming Q2 2026 earnings release, this higher P/E leaves less room for disappointment in the results. On the P/E multiple, Glacier Bancorp stock screens as overvalued relative to both its banking peers and a more customised fair value estimate. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives take Glacier Bancorp's valuation puzzle and turn it into clear, testable stories about what would need to happen next with earnings, margins and growth for the stock to be worth materially more or less than today's price. These Narratives sit on the company’s Community page. Each links its figure to a specific view on how Glacier Bancorp's growth, profitability and risks might evolve, giving you something concrete to revisit as fresh results come through. Share your own Narrative on Glacier Bancorp's stock to present a clear, number-driven view on whether the expected US$0.76 EPS and US$323.6 million revenue justify the current valuation. Be one of the first voices in the Simply Wall St community to track how that thesis holds up as new results arrive. Do you think there's more to the story for Glacier Bancorp? Head over to our Community to see what others are saying! Glacier Bancorp sits at the intersection of an intrinsic value estimate that points to undervaluation and market multiples that say the stock is overvalued. The Excess Returns work suggests the current price leaves a discount to the cash flows implied by forecast returns on equity, while the premium P/E points to elevated expectations already baked in. With broader valuation checks looking weak despite that intrinsic value support, the key question is whether upcoming earnings can sustain profitability and returns strongly enough to justify the richer multiple rather than the more cautious read from the value score. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GBCI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Glacier Bancorp, Inc.? Here are five stocks we like better. Glacier Bancorp reported strong second-quarter results, with net income rising 85% year over year to $97.9 million and diluted EPS up 67% to $0.75, helped by margin expansion and higher net interest income. The bank’s net interest margin expanded to 3.90%, and management expects it to reach 4% early in Q4 2026 and potentially exceed that level by year-end as funding costs stay stable and loan growth continues. Credit quality remained solid and loan growth was broad-based, while the company also kept expenses in check and maintained its quarterly dividend at $0.33 per share for the 165th consecutive payout. MarketBeat’s Top-Rated Dividend Stocks for 2026 Glacier Bancorp (NYSE:GBCI) reported second-quarter net income of $97.9 million, up 19% from the prior quarter and 85% from a year earlier, as net interest income and margin expansion supported earnings growth. Diluted earnings per share totaled $0.75, increasing 19% sequentially and 67% year over year. President and CEO Randall Chesler said the company’s tax-equivalent net interest margin expanded to 3.90%, up 10 basis points from the first quarter and 69 basis points from the second quarter of 2025. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Net interest income rose 3% from the first quarter and 33% from the prior-year period to $276 million. Pretax, pre-provision net revenue was $130.8 million, rising 23% sequentially and 53% year over year. Glacier’s total cost of funding declined to 1.33%, down 7 basis points from the first quarter and 30 basis points from a year ago. Core deposit costs, including noninterest-bearing deposits, were 1.18%, down 2 basis points sequentially. Noninterest-bearing deposits represented 30% of total deposits, unchanged from both the preceding quarter and the year-earlier period. → GE Vernova Just Sent a Mixed AI Signal to Investors Treasurer Byron Pollan said the June 30 deposit cost was also 1.18% and said deposit costs should remain stable if the Federal Reserve holds interest rates steady. “I think competition is strong. It always is. It’s rational,” Pollan said in response to a question about deposit competition. Chesler added that Glacier’s footprint is about 75% rural and 25% urban, and said the company’s emphasis on core customer relationships contributes to its lower-cost funding profile. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? Average deposits were $24.5 billion during the second quarter, up $112 million from the first quarter on a 2% annualized basis. Period-end deposits were $24.7 billion, down slightly from the prior quarter. Chesler said deposit levels remained stable and continued to support the company’s liquidity and funding strategy. Loans ended the quarter at $21.4 billion, increasing $330 million from the first quarter, or 6% on an annualized basis. Chesler described growth as broad-based and attributed it to disciplined production in attractive markets. The company operates across Southwest and Mountain West regions. Chesler said the Southwest continued to perform well and was rebuilding its pipeline after a strong first quarter, while the Mountain West posted a strong second quarter. Chief Credit Administrator Tom Dolan said the second and third quarters have generally been the company’s stronger seasonal lending periods. He said loan pipelines remained healthy, with continued pull-through and back-build activity, as well as tailwinds from construction draws and the agricultural growth season. Glacier continued to generate new loan production yields above 6.5% during the quarter, Dolan said. He characterized pricing as the primary competitive factor, particularly in larger metropolitan markets, while saying the company had not observed substantial competitive pressure on underwriting discipline or loan structure. Pollan said Glacier expects its net interest margin to continue expanding and anticipates reaching a 4% margin level early in the fourth quarter of 2026. He said the company expects to exit 2026 with a margin above 4%. He noted that certain second-quarter headwinds, including nonaccrual interest reversals and lower accretion, appeared elevated and were not expected to persist at the same level. Pollan said the level of discount accretion reported in the second quarter was likely a more normal assumption going forward. Over the longer term, Pollan said he views Glacier’s margin as potentially ranging between 4% and 4.5%, its more historical norm. He said a steeper yield curve and continued meaningful loan growth could help move the margin toward the upper end of that range, and he expects margin expansion to continue through 2027. The company also resumed some investment securities purchases during the quarter, buying approximately $250 million of bonds. Pollan said Glacier expects to continue putting cash to work and anticipates average earning assets will increase in the third and fourth quarters following the completion of Federal Home Loan Bank advance paydowns. Chesler said credit quality remained excellent. Early-stage delinquencies declined from the first quarter, while nonperforming assets increased modestly but remained low relative to subsidiary assets. The allowance for credit losses stood at 1.22% of total loans. Dolan said credit trends were stable overall, with no particular industry, geography or asset class showing outsized risk. He said the company continues to monitor its agricultural portfolio, though 2025 performed better than anticipated and 2026 has started well. Acquisition-related expenses declined meaningfully during the quarter, helping improve Glacier’s operating efficiency ratio to 56.21% from 63.05% in the first quarter. Chief Financial Officer Ron Copher maintained quarterly expense guidance of $187 million to $192 million for the second half, noting that some discretionary spending could return. For the first half of 2026, Glacier reported net income of $180 million, up 68% from the prior-year first half, while diluted earnings per share increased 48% to $1.38. The board declared a quarterly dividend of $0.33 per share, marking the company’s 165th consecutive quarterly dividend, according to Chesler. On capital management, Pollan said the company’s capital position was strong and would continue to grow with earnings. He said management was evaluating its outlook for capital accumulation and retained flexibility regarding potential capital-return options. Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves. Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Glacier Bancorp Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Net Income: $97.9 million for Q2, up 19% from the prior quarter and 85% from the previous year. Diluted Earnings Per Share: $0.75, up 19% from the prior quarter and 67% from the previous year. Net Interest Income: $276 million, up 3% from the prior quarter and 33% from the previous year. Net Interest Margin: 3.9%, up 10 basis points from the prior quarter and 69 basis points from the previous year. Pretax Preprovision Net Revenue (PPNR): $130.8 million, up 23% from the prior quarter and 53% from the previous year. Total Cost of Funding: 1.33%, down 7 basis points from the prior quarter and 30 basis points from the previous year. Core Deposit Cost: 1.18%, down 2 basis points from the prior quarter. Loans: $21.4 billion, increasing $330 million or 6% annualized from the prior quarter. Total Average Deposits: $24.5 billion, up $112 million or 2% annualized from the prior quarter. Operating Efficiency Ratio: 56.21%, improved from 63.05% in the prior quarter. Dividend: $0.33 per share, marking the 165th consecutive quarterly dividend. Warning! GuruFocus has detected 6 Warning Signs with REXR. Is GBCI fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Net income for the second quarter was $97.9 million, up 19% from the prior quarter and 85% from the same quarter last year. Net interest income increased by 3% from the first quarter and 33% from the second quarter of last year, with a net interest margin expansion to 3.9%. Loan growth was strong, with loans ending the quarter at $21.4 billion, reflecting a 6% annualized increase from the first quarter. Credit quality remains excellent with early-stage delinquencies declining and nonperforming assets remaining low. The operating efficiency ratio improved significantly to 56.21% from 63.05% in the prior quarter, indicating effective cost management. Period-end deposits were slightly down from the prior quarter, although overall deposit levels remain stable. Nonperforming assets increased modestly, although they remain low as a percentage of subsidiary assets. There is ongoing competition in loan pricing, particularly in large metro areas, which could impact new loan production yields. The investment banker pipeline for M&A deals remains muted, with limited official sales coming to market. There was a slight uptick in nonaccruals, although trends remain stable overall. Q: Can you provide the spot rate for deposit costs at the end of June and your outlook on deposit costs assuming the Fed remains on hold? A: Our deposit cost at the end of June was 1.18%, in line with our average for the quarter. Assuming the Fed remains on hold, we expect deposit costs to remain stable. However, if the Fed hikes rates later in the year, we may need to adjust this outlook. Q: What is your outlook for loan growth, especially considering the seasonal strength in the third quarter? A: The second and third quarters are typically our stronger quarters. Our pipeline remains healthy, and we expect continued growth driven by construction draws and the agricultural growth season. Q: Your expenses came in lower than expected. What is your updated guidance for the second half of the year? A: We will stick with our quarterly guidance of $187 million to $192 million. While we came in lower this quarter, some discretionary spending could return in the second half. Q: Can you elaborate on the geographical contribution to loan growth this quarter? A: We operate in the Southwest and Mountain West regions. The Southwest is rebuilding its pipeline after a strong first quarter, while the Mountain West had a very strong quarter. We expect both regions to continue performing well. Q: What are your thoughts on the M&A landscape, and have there been any changes in activity? A: Internal discussions are ongoing, but the investment banker pipeline remains somewhat muted. We expect activity to increase towards the end of the year, but overall, it remains similar to the first quarter. Q: Can you provide insights into your margin outlook and any factors affecting it? A: We expect our margin to reach 4% early in the fourth quarter of 2026 and continue growing. The headwinds we faced this quarter were anomalies, and we anticipate a more stable level of discount accretion going forward. Q: How do you view competitive funding cost pressures across your footprint? A: Competition is strong but rational. Our results show we were able to reduce deposit costs, and we don't see any changes in the competitive landscape. Q: What are your thoughts on capital management given your improving profitability? A: Our capital is strong and will continue to grow with earnings. We have flexibility in our approach to capital return and are keeping all options open while evaluating our outlook for capital build. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Net interest income growth of 33% year-over-year was primarily propelled by significant tax-equivalent net interest margin expansion of 69 basis points. Management attributed the 19% sequential earnings increase to strong operating momentum and a continued focus on disciplined production in attractive Mountain West and Southwest markets. Funding profile improvements were driven by a decline in total funding costs to 1.33%, supported by a stable 30% non-interest bearing deposit mix. Loan growth of 6% annualized was characterized as broad-based, reflecting seasonal tailwinds in construction draws and the agricultural growth cycle. The efficiency ratio improved significantly to 56.21% as acquisition-related expenses from previous quarters declined meaningfully. Credit quality remains a core focus, with management highlighting that early-stage delinquencies declined despite a modest increase in nonperforming assets. Management expects the net interest margin to reach the 4% threshold early in the fourth quarter of 2026, with potential to exit the year north of that level. Earning assets are projected to expand in the second half of 2026 following the completion of FHLB advance deleveraging earlier in the year. Expense guidance for the second half of 2026 is maintained at $187 million to $192 million per quarter to account for potential discretionary spending returns. The long-term normalized margin target is established between 4% and 4.5%, contingent on a steeper yield curve and meaningful loan growth. Deposit costs are expected to remain stable assuming the Federal Reserve stays on hold, though management noted they would adjust this outlook if rate hikes occur. The bank resumed investment activity by purchasing approximately 250 million of bonds during the quarter to put excess cash to work. Agricultural sector headwinds remain a point of close monitoring, though management noted that 2025 and early 2026 performance has exceeded internal expectations. M&A activity remains muted in the broader market, with management observing that the investment banker pipeline for official sales has not yet accelerated. Capital levels continue to build alongside profitability, providing the board with increased flexibility for future capital return or strategic deployment. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management is seeing favorable customer movement toward Glacier following large bank acquisitions in their footprint, specifically citing PNC's purchase of FirstBank. The bank is successfully recruiting incremental commercial lending talent in Texas due to dislocation caused by recent industry consolidations. Deposit competition is described as 'rational,' allowing the bank to lower core deposit costs by 2 basis points sequentially. The bank's 75% rural market presence and focus on core relationships provide insulation from aggressive urban pricing pressures. New loan production yields remained consistent throughout the quarter at levels exceeding 6.5%. Competition is currently focused almost entirely on pricing rather than underwriting structure, which management views as a positive for credit stability.

For the quarter ended June 2026, Glacier Bancorp (GBCI) reported revenue of $317.53 million, up 32% over the same period last year. EPS came in at $0.76, compared to $0.45 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $324.2 million, representing a surprise of -2.06%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.76. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Glacier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 56.7% versus 58% estimated by three analysts on average. Net interest margin (tax-equivalent): 3.9% versus the three-analyst average estimate of 3.9%. Non-accrual loans: $74.44 million compared to the $65.72 million average estimate based on two analysts. Total non-performing assets: $91.85 million compared to the $73.31 million average estimate based on two analysts. Average Balances - Total earning assets: $28.79 billion compared to the $28.9 billion average estimate based on two analysts. Total Non-Interest Income: $41.1 million compared to the $39.07 million average estimate based on three analysts. Net interest income (tax-equivalent): $280.02 million compared to the $284.7 million average estimate based on three analysts. Gain on sale of loans: $5.01 million compared to the $5.26 million average estimate based on two analysts. Net Interest Income: $276.43 million versus $279.91 million estimated by two analysts on average. View all Key Company Metrics for Glacier Bancorp here>>> Shares of Glacier Bancorp have returned +1.7% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Glacier Bancorp, Inc. (GBCI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

2nd Quarter 2026 Highlights: Net income was $97.9 million for the current quarter, an increase of $15.8 million, or 19 percent, from the prior quarter net income of $82.1 million and an increase of $45.1 million, or 85 percent, from the prior year second quarter net income of $52.8 million. Diluted earnings per share for the current quarter was $0.75 per share, an increase of $0.12 per share, or 19 percent, from the prior quarter diluted earnings per share of $0.63 and an increase of $0.30 per share, or 67 percent, from the prior year second quarter diluted earnings per share of $0.45. Operating diluted earnings per share1 for the current quarter was $0.76 per share, an increase of $0.06 per share, or 9 percent, from the prior quarter operating diluted earnings per share of $0.70 and an increase of $0.19 per share, or 33 percent, from the prior year second quarter operating diluted earnings per share of $0.57. Net interest income for the current quarter was $276 million, an increase of $7.8 million, or 3 percent, from the prior quarter net interest income of $269 million and an increase of $68.8 million, or 33 percent, from the prior year second quarter net interest income of $208 million. The loan portfolio of $21.364 billion at June 30, 2026 increased $330 million, or 6 percent annualized, from the prior quarter. Total average deposits of $24.539 billion for the current quarter increased $113 million, or 2 percent annualized, from the prior quarter average deposits. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.90 percent, an increase of 10 basis points from the prior quarter net interest margin of 3.80 percent and an increase of 69 basis points from the prior year second quarter net interest margin of 3.21 percent. The total earning assets yield of 5.14 percent in the current quarter increased 3 basis points from the prior quarter earning assets yield of 5.11 percent and increased 41 basis points from the prior year second quarter earning assets yield of 4.73 percent. The core deposit cost (including non-interest bearing deposits) of 1.18 percent in the current quarter decreased 2 basis points from the prior quarter core deposit cost of 1.20 percent and decreased 7 basis points from the prior year second quarter core deposit cost of 1.25 percent. The total cost of funding (including non-interest bearing deposits) of 1.33 percent in the current quarter decreased 7 basis points from the prior quarter total cost of funding of 1.40 percent and decreased 30 basis points from the prior year second quarter total cost of funding of 1.63 percent. The Company declared a quarterly dividend of $0.33 per share. The Company has declared 165 consecutive quarterly dividends and has increased the dividend 49 times. First Half 2026 Highlights: Net income for the first half of 2026 was $180 million, an increase of $72.7 million, or 68 percent, from the prior year first half net income of $107 million. Diluted earnings per share for the first half of 2026 was $1.38 per share, an increase of $0.45 per share, or 48 percent, from the prior year first half diluted earnings per share of $0.93. Operating diluted earnings per share for the first half of 2026 was $1.45 per share, an increase of $0.41 per share, or 39 percent, from the prior year first half of 2025 operating diluted earnings per share of $1.04. Net interest income for the first half of 2026 was $545 million, an increase of $148 million, or 37 percent, from the prior year first half net interest income of $398 million. The loan portfolio increased $2.831 billion, or 15 percent, from the prior year second quarter. Total deposits increased $3.026 billion, or 14 percent, from the prior year second quarter. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first half of 2026 was 3.85 percent, an increase of 73 basis points from the prior year first half net interest margin of 3.12 percent. The Company completed the core system conversion of Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”). Guaranty was acquired on October 1, 2025 with total assets of $3.357 billion. Dividends declared in the first half of 2026 were $0.66 per share. 1 Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP. Financial Summary ____________________________ KALISPELL, Mont., July 23, 2026 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $97.9 million for the current quarter, an increase of $15.8 million, or 19 percent, from the prior quarter net income of $82.1 million and an increase of $45.1 million, or 85 percent, from the prior year second quarter net income of $52.8 million. Diluted earnings per share for the current quarter was $0.75 per share, an increase of $0.12 per share, or 19 percent, from the prior quarter diluted earnings per share of $0.63 and an increase of $0.30 per share, or 67 percent, from the prior year second quarter diluted earnings per share of $0.45. Operating diluted earnings per share for the current quarter was $0.76 per share, an increase of $0.06 per share, or 9 percent, from the prior quarter operating diluted earnings per share of $0.70 and an increase of $0.19 per share, or 33 percent, from the prior year second quarter operating diluted earnings per share of $0.57. The current quarter included $1.6 million in acquisition-related expenses, $2.5 million of compensation from acquisition-related employment agreements and $2.6 million of gains from the sale of former branch facilities and disposal of fixed assets. “We delivered another strong quarter, with record net income, continued net interest margin expansion and solid loan growth,” said Randy Chesler, President and Chief Executive Officer. “Our performance reflects the strength of our diversified community banking model, disciplined balance sheet management and the continued customer focus of our teams across the franchise.” Net income for the first half of 2026 was $180 million, an increase of $72.7 million, or 68 percent, from the prior year first half net income of $107 million which was driven primarily by the increase in net interest income from the improvement in the net interest margin. Diluted earnings per share for the first half of 2026 was $1.38 per share, an increase of $0.45 per share, or 48 percent, from the prior year first half diluted earnings per share of $0.93. Operating diluted earnings per share for the first half of 2026 was $1.45 per share, an increase of $0.41 per share, or 39 percent, from the prior year first half of 2025 operating diluted earnings per share of $1.04. Asset Summary _____________________________ Total debt securities of $6.487 billion at June 30, 2026 decreased $157 million, or 2 percent, during the current quarter and decreased $744 million, or 10 percent, from the prior year second quarter. The Company selectively purchased debt securities during the current quarter with the Company’s excess liquidity position. Debt securities represented 21 percent of total assets at June 30, 2026 and March 31, 2026 compared to 25 percent at June 30, 2025. The loan portfolio of $21.364 billion at June 30, 2026 increased $330 million, or 6 percent annualized, from the prior quarter. The loan portfolio increased $2.831 billion, or 15 percent, from the prior year second quarter. Excluding the Guaranty acquisition on October 1, 2025, the loan portfolio organically increased $728 million, or 4 percent, from the prior year second quarter. Credit Quality Summary Early stage delinquencies (accruing loans 30-89 days past due) of $65.5 million at June 30, 2026 decreased $26.3 million from the prior quarter and increased $11.1 million from the prior year second quarter. Early stage delinquencies as a percentage of loans at June 30, 2026 were 0.31 percent compared to 0.44 percent for the prior quarter and 0.29 percent for the prior year second quarter. Non-performing assets of $91.8 million at June 30, 2026 increased $12.4 million, or 16 percent, over the prior quarter and increased $43.2 million, or 89 percent, over the prior year second quarter. The current quarter provision for credit loss expense of $6.4 million included $10.1 million of credit loss expense on loans and $3.7 million of credit loss benefit on unfunded loan commitments. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at each of June 30, 2026, December 31, 2025 and June 30, 2025. Loan portfolio growth, composition, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the ACL on loans. Credit Quality Trends and Provision for Credit Losses on the Loan Portfolio Net charge-offs for the current quarter were $5.9 million compared to $3.1 million in the prior quarter and $1.6 million for the prior year second quarter. The current quarter net charge-offs included $2.8 million in deposit overdraft net charge-offs and $3.1 million of net loan charge-offs. Supplemental information regarding credit quality and identification of the Company’s loan portfolio based on the regulatory classification of loans is provided in the tables at the end of this press release. The regulatory classification of loans is based primarily on collateral type while the Company’s loan segments presented herein are based on the purpose of the loan. Liability Summary Total deposits of $24.654 billion at June 30, 2026 decreased $87.8 million, or 35 basis points, during the current quarter and increased $3.026 billion, or 14 percent, from the prior year second quarter. Excluding the Guaranty acquisition, total deposits organically increased $319 million, or 1 percent, from the prior year second quarter. Non-interest bearing deposits of $7.423 billion at June 30, 2026 decreased $3.8 million, or 5 basis points, from the prior quarter and increased $830 million, or 13 percent, from the prior year second quarter. Non-interest bearing deposits represented 30 percent of total deposits at June 30, 2026, March 31, 2026 and June 30, 2025. Stockholders’ Equity Summary ______________________________ Tangible stockholders’ equity of $2.839 billion at June 30, 2026 increased $69 million, or 3 percent, compared to the prior quarter and was primarily due to earnings retention. Tangible stockholders’ equity increased $493 million, or 21 percent, from the prior year second quarter and was primarily due to $560 million of Company stock issued in connection with the Guaranty acquisition, earnings retention and a $67 million decrease in other comprehensive loss. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the Guaranty acquisition. Tangible book value per common share of $21.81 at the current quarter end increased $0.52 per share, or 2 percent, from the prior quarter and increased $2.02 per share, or 10 percent, from the prior year second quarter. Cash DividendsOn June 23, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable July 16, 2026 to shareholders of record on July 7, 2026. The dividend was the Company’s 165th consecutive regular dividend. Future cash dividends will depend on a variety of factors, including net income, capital, asset quality, general economic conditions and regulatory considerations. Operating Results for Three Months Ended June 30, 2026 Compared to March 31, 2026 and June 30, 2025 Income Summary _____________________________ Net Interest IncomeNet interest income of $276 million for the current quarter increased $7.8 million, or 3 percent, from the prior quarter net interest income of $269 million and increased $68.8 million, or 33 percent, from the prior year second quarter net interest income of $208 million. The current quarter interest income of $365 million increased $2.9 million, or 1 percent, over the prior quarter and increased $57.1 million, or 19 percent, over the prior year second quarter and was primarily driven by both increased loans and increased interest rates on the loan portfolio. The loan yield of 6.12 percent in the current quarter decreased 4 basis points from the prior quarter loan yield of 6.16 percent and was principally due to a 3 basis points decrease in loan discount accretion and a 2 basis points decrease in non-accrual loan interest reversal. The core loan yield of 6.06 percent in the current quarter increased 1 basis point from the prior quarter core loan yield of 6.05 percent. The loan yield increased 26 basis points from the prior year second quarter loan yield of 5.86 percent. The current quarter interest expense of $88.8 million decreased $4.9 million, or 5 percent, from the prior quarter, and decreased $11.7 million, or 12 percent, from the prior year second quarter primarily due to a decrease in interest rates on deposits and a decrease in higher cost borrowings. Core deposit cost (including non-interest bearing deposits) decreased to 1.18 percent in the current quarter compared to 1.20 percent in the prior quarter and 1.25 percent in the prior year second quarter. The total funding cost (including non-interest bearing deposits) decreased to 1.33 percent in the current quarter compared to 1.40 percent in the prior quarter and 1.63 percent in the prior year second quarter. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.90 percent, an increase of 10 basis points from the prior quarter net interest margin of 3.80 percent and was primarily driven by the shift in the earning assets mix to higher yielding loans and a decrease in high cost borrowings. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter increased 69 basis points from the prior year second quarter net interest margin of 3.21 percent and was primarily driven by the increase in loan yields, the shift in the earning assets mix to higher yielding loans and the decrease in high cost borrowings. Core net interest margin was 3.86 percent in the current quarter compared to 3.73 percent in the prior quarter and 3.18 percent in the prior year second quarter. “The Company’s net interest margin increased for the tenth consecutive quarter,” said Ron Copher, Chief Financial Officer. “The continued increase in the earning assets yield combined with decreases in core deposit costs and wholesale funding contributed to the 10 basis points increase in the net interest margin as it expanded to 3.90 percent in the current quarter.” Non-interest IncomeNon-interest income for the current quarter totaled $41.1 million, which was an increase of $3.0 million, or 8 percent, over the prior quarter. Non-interest income increased $8.2 million, or 25 percent, over the prior year second quarter. Deposit service charges and other fees of $16.4 million for the current quarter increased $1.1 million, or 7 percent, compared to the prior quarter and increased $2.4 million, or 18 percent, from the prior year second quarter. Payment services of $12.0 million for the current quarter increased $644 thousand, or 6 percent, from the prior quarter and increased $1.6 million, or 15 percent, over the prior year second quarter. Non-interest Expense Summary Total non-interest expense of $187 million for the current quarter decreased $13.8 million, or 7 percent, over the prior quarter. Total non-interest expense increased $31.6 million, or 20 percent, over the prior year second quarter and was primarily driven by increased costs from the acquired banks. Compensation and employee benefits of $116 million for the current quarter increased by $529 thousand, or 46 basis points, over the prior quarter. Compensation and employee benefits increased $21.9 million, or 23 percent, from the prior year second quarter and was primarily driven by annual salary increases and increases in staffing levels from the acquired banks. Other expenses of $26.9 million decreased $12.3 million, or 31 percent, from the prior quarter and was primarily driven by $7.3 million of decreased acquisition-related expenses and a $3.1 million increase in gains from the sale of former branch facilities and disposal of fixed assets. Acquisition-related expense was $1.6 million in the current quarter compared to $8.9 million in the prior quarter and $3.2 million in the prior year second quarter. In addition, compensation and employee benefits included $2.5 million of expense attributable to acquisition-related employment agreements in the current quarter compared to $2.8 million in the prior quarter and $544 thousand in the prior year second quarter. Federal and State Income Tax ExpenseTax expense during the second quarter of 2026 was $26.6 million, an increase of $8.6 million, or 48 percent, compared to the prior quarter and an increase of $14.2 million, or 115 percent, from the prior year second quarter. The effective tax rate in the current quarter was 21.4 percent compared to 18.0 percent in the prior quarter and 19.02 percent in the prior year second quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter was primarily driven by an increase in pre-tax income and a decrease in federal tax credits. The higher tax expense and higher effective tax rate compared to prior year second quarter was primarily due to an increase in pre-tax income. Efficiency RatioThe efficiency ratio was 56.65 percent in the current quarter compared to 63.05 percent in the prior quarter and 62.08 percent in the prior year second quarter. The decrease from the prior quarter was primarily driven by the combination of a decrease in non-interest expense and an increase in net interest income. The decrease from the prior year second quarter was primarily due to the increase in net interest income which outpaced the increase in non-interest expense. Operating Results for Six Months Ended June 30, 2026Compared to June 30, 2025 Income Summary ______________________________ Net Interest IncomeNet interest income of $545 million for the first half of 2026 increased $148 million, or 37 percent, from the first half of the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $728 million for the first half of 2026 increased $130 million, or 22 percent, from the prior year and was primarily attributable to the increase in the loan portfolio and an increase in loan yields. The loan yield was 6.14 percent during the first half of 2026, an increase of 32 basis points from the prior year first half loan yield of 5.82 percent. Interest expense of $182 million for the first half of 2026 decreased $18.0 million, or 9 percent, over the same period in the prior year and was primarily the result of lower interest rates on deposits and a decrease in higher cost borrowings. Core deposit cost (including non-interest bearing deposits) was 1.19 percent for the first half of 2026, which was a decrease of 6 basis points over the first half of the prior year core deposit cost of 1.25 percent. The total funding cost (including non-interest bearing deposits) for the first half of 2026 was 1.36 percent, which was a decrease of 29 basis points over the first half of the prior year funding cost of 1.65 percent. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first half of 2026 was 3.85 percent, a 73 basis points increase from the net interest margin of 3.12 percent for the first half of the prior year. Core net interest margin during the first half of 2026 was 3.79 percent compared to 3.08 percent in the prior year first half. The increase in net interest margin from the prior year was primarily driven by a 32 basis points increase in loan yields and a 29 basis points decrease in total funding costs combined with a shift in earning asset mix to higher yielding loans and a shift in funding liabilities to lower cost deposits. Non-interest Income   Non-interest income of $79.2 million for the first half of 2026 increased $13.6 million, or 21 percent, over the first half of the prior year and was primarily driven by increased income from the acquired banks. Deposit service charges and other fees of $31.6 million for the first half of 2026 increased $4.5 million, or 17 percent, over the first half of the prior year. Payment services of $23.4 million for the first half of 2026 increased by $3.6 million, or 18 percent, over the first half of the prior year. Non-interest Expense Summary Total non-interest expense of $387 million for the first half of 2026 increased $80.8 million, or 26 percent, over the first half of the prior year and was primarily driven by increased costs from the acquired banks. Compensation and employee benefits expense of $232 million in the first half of 2026 increased $46.3 million, or 25 percent, over the first half of the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Occupancy and equipment expense of $31.3 million in the first half of 2026 increased $6.5 million, or 26 percent, over the first half of the prior year primarily due to increased costs from the acquired banks. Data processing expense of $25.7 million in the first half of 2026 increased $6.6 million, or 35 percent, over the first half of the prior year primarily due to increased costs from the acquired banks. Other expenses of $66.0 million for the first half of 2026 increased $16.2 million, or 32 percent, from the first half of the prior year and was primarily driven by an increase in acquisition-related expenses. Acquisition-related expense was $10.5 million in the first half of the current year compared to $3.8 million in the prior year first half. In addition, compensation and employee benefits included $5.2 million of expense attributable to acquisition-related employment agreements in the first half of the current year compared to $795 thousand in the first half of the prior year. Provision for Credit LossesThe provision for credit loss expense was $12.4 million for the first half of 2026, a decrease of $15.7 million, or 56 percent, over the same period in the prior year. Included in the first half of the prior year provision for credit losses was $16.7 million from the acquisition of Bank of Idaho. Net charge-offs for the first half of 2026 were $8.9 million compared to $3.4 million in the first half of 2025. Federal and State Income Tax ExpenseTax expense of $44.6 million for the first half of 2026 increased $23.3 million, or 109 percent, over the same period in the prior year. The effective tax rate for the first half of 2026 was 19.9 percent compared to 16.6 percent for the same period in the prior year. The increase in tax expense and the increase in the effective tax rate was the primarily the result of an increase in the pre-tax income. Efficiency RatioThe efficiency ratio was 59.79 percent for the first half of 2026 compared to 63.72 percent for the same period of 2025. The decrease from the prior year was primarily attributable to the increase in net interest income that outpaced the increase in non-interest expense. Forward-Looking Statements   This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about the Company’s plans, objectives, expectations and intentions that are not historical facts, and other statements identified by words such as “expects,” “anticipates,” “will,” “intends,” “plans,” “believes,” “should,” “projects,” “seeks,” “estimates” or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are based on assumptions that are subject to change. The following factors, among others, could cause actual results to differ materially from the anticipated results (express or implied) or other expectations in the forward-looking statements, including those made in this news release: risks associated with lending and potential adverse changes in the credit quality of the Company’s loan portfolio; changes in monetary and fiscal policies, including interest rate policies of the Federal Reserve Board, which could adversely affect the Company’s net interest income and margin, the fair value of its financial instruments, profitability, and stockholders’ equity; legislative or regulatory changes, including the possibility of increases in FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increases or changes in banking and consumer protection regulations, that may adversely affect the Company’s business and strategies; risks related to overall economic conditions, including the impact on the economy of an uncertain interest rate environment, inflationary pressures, recently passed legislation and the potential for significant additional changes in economic and trade policies in the current administration; risks to the Company’s business and the business of the Company’s customers arising from current or future tariffs or other trade restrictions, labor or supply chain issues, change in labor force, or geopolitical instability, including the wars in Iran and Ukraine, further conflicts in the Middle East, and potential for future conflicts or disruptions in other parts of the world; risks associated with the Company’s ability to negotiate, complete, and successfully integrate acquisitions; costs or difficulties related to the completion and integration of future or recently completed acquisitions; impairment of the goodwill recorded by the Company in connection with acquisitions, which may have an adverse impact on earnings and capital; reduction in demand for banking products and services, whether as a result of changes in customer behavior, economic conditions, banking environment, or competition; deterioration of the reputation of banks and the financial services industry, which could adversely affect the Company's ability to obtain and maintain customers; changes in the competitive landscape, including as may result from new market entrants, additional competition from internet-based financial institutions operating nationally, or further consolidation in the financial services industry, resulting in increased competition, including the creation of larger competitors with greater financial resources; risks presented by public stock market volatility, which could adversely affect the market price of the Company’s common stock and the ability to raise additional capital or grow through acquisitions; risks related to rapidly evolving artificial intelligence technologies; risks associated with dependence on the Chief Executive Officer, the senior management team and the Presidents of Glacier Bank’s divisions; material failure, potential interruption or breach in security of the Company’s systems or changes in technology which could expose the Company to cybersecurity risks, fraud, system failures, or direct liabilities; risks related to natural disasters, including droughts, fires, floods, earthquakes, pandemics, and other unexpected events; success in managing risks involved in any of the foregoing; and effects of any reputational damage to the Company resulting from any of the foregoing. The Company does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that actual results are likely to differ materially from those expressed in such forward-looking statement. Conference Call InformationA conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, July 24, 2026. Please note that our conference call host no longer offers a general dial-in number. Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register-conf.media-server.com/register/BIa64d0770f93544c4992aa6382dbe6242. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/53sx3j3i. About Glacier Bancorp, Inc.Glacier Bancorp, Inc. (NYSE: GBCI), a member of the Russell 2000® and the S&P MidCap 400® indices, is the parent company for Glacier Bank and its Bank divisions located across its nine state footprint: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Guaranty Bank & Trust (Mount Pleasant, TX), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA). Non-GAAP Financial MeasuresCertain financial measures and ratios the Company presents are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles (GAAP). The Company refers to these financial measures and ratios as “non-GAAP financial measures.” A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is provided in the tables within this press release. The Company considers the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision making and in evaluating period-to-period comparisons. The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain income, expense, or intangible items that the Company believes are not indicative of its primary business operating results. These non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and investors should not rely on non-GAAP financial measures alone as measures of our performance. The non-GAAP financial measures presented may differ from non-GAAP financial measures used by the Company’s peers or other companies. The Company compensates for these differences by providing the equivalent GAAP measures whenever the Company presents the non-GAAP financial measures and by including a reconciliation of the impact of the components adjusted for in the non-GAAP financial measure so that both measures and the individual components may be considered when analyzing our performance. ______________________________ ______________________________ ______________________________ ______________________________ ______________________________ ______________________________n/m - not measurable Visit our website at www.glacierbancorp.com

Regional banking company Glacier Bancorp (NYSE:GBCI) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 30.7% year on year to $317.5 million. Its non-GAAP profit of $0.76 per share was in line with analysts’ consensus estimates. Is now the time to buy Glacier Bancorp? Find out in our full research report. Net Interest Income: $276.4 million vs analyst estimates of $284.8 million (33.1% year-on-year growth, 2.9% miss) Net Interest Margin: 3.9% vs analyst estimates of 3.9% (in line) Revenue: $317.5 million vs analyst estimates of $322.4 million (30.7% year-on-year growth, 1.5% miss) Efficiency Ratio: 56.7% vs analyst estimates of 58.3% (160.5 basis point beat) Adjusted EPS: $0.76 vs analyst estimates of $0.76 (in line) Tangible Book Value per Share: $21.81 vs analyst estimates of $21.80 (10.2% year-on-year growth, in line) Market Capitalization: $6.66 billion Operating through seventeen distinct bank divisions with local brands and management teams, Glacier Bancorp (NYSE:GBCI) is a bank holding company that provides various banking services to individuals and businesses across eight western states. Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income. Regrettably, Glacier Bancorp’s revenue grew at a mediocre 8.5% compounded annual growth rate over the last five years. This fell short of our benchmark for the banking sector and is a poor baseline for our analysis. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Glacier Bancorp’s annualized revenue growth of 22.3% over the last two years is above its five-year trend, suggesting its demand recently accelerated. Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Glacier Bancorp pulled off a wonderful 30.7% year-on-year revenue growth rate, but its $317.5 million of revenue fell short of Wall Street’s rosy estimates. Net interest income made up 84.7% of the company’s total revenue during the last five years, meaning Glacier Bancorp barely relies on non-interest income to drive its overall growth. Markets consistently prioritize net interest income growth over fee-based revenue, recognizing its superior quality and recurring nature compared to the more unpredictable non-interest income streams. ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE. Banks profit by intermediating between depositors and borrowers, making them fundamentally balance sheet-driven enterprises. Market participants emphasize balance sheet quality and sustained book value growth when evaluating these institutions. When analyzing banks, tangible book value per share (TBVPS) takes precedence over many other metrics. This measure isolates genuine per-share value by removing intangible assets of debatable liquidation worth. EPS can become murky due to acquisition impacts or accounting flexibility around loan provisions, and TBVPS resists financial engineering manipulation. Glacier Bancorp’s TBVPS grew at a tepid 3.1% annual clip over the last five years. However, TBVPS growth has accelerated recently, growing by 9.3% annually over the last two years from $18.26 to $21.81 per share. Over the next 12 months, Consensus estimates call for Glacier Bancorp’s TBVPS to grow by 11.4% to $24.30, mediocre growth rate. We struggled to find many positives in these results. Its net interest income missed and its revenue fell short of Wall Street’s estimates. Overall, this was a weaker quarter. The stock remained flat at $50.63 immediately following the results. Glacier Bancorp underperformed this quarter, but does that create an opportunity to invest right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free.

Glacier Bancorp (GBCI) came out with quarterly earnings of $0.76 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $0.67 per share when it actually produced earnings of $0.7, delivering a surprise of +4.48%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Glacier Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $317.53 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.06%. This compares to year-ago revenues of $240.56 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Glacier Bancorp shares have added about 16.2% since the beginning of the year versus the S&P 500's gain of 9.6%. While Glacier Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Glacier Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $336 million in revenues for the coming quarter and $3.16 on $1.32 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Bank of Hawaii (BOH), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This bank holding company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +37.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bank of Hawaii's revenues are expected to be $198.31 million, up 13.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Glacier Bancorp, Inc. (GBCI) : Free Stock Analysis Report Bank of Hawaii Corporation (BOH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research