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Glacier Bancorp (GBCI) Financials

Glacier Bancorp logo
$42.81 -1.02 (-2.33%)
As of 08/1/2025 03:59 PM Eastern
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Annual Income Statements for Glacier Bancorp

Annual Income Statements for Glacier Bancorp

This table shows Glacier Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 113 116 121 116 182 211 266 285 303 223 190
Consolidated Net Income / (Loss)		 113 116 121 116 182 211 266 285 303 223 190
Net Income / (Loss) Continuing Operations		 113 116 121 116 182 211 266 285 303 223 190
Total Pre-Tax Income 		149 150 161 181 222 259 328 349 370 268 226
Total Revenue		 363 389 422 457 552 634 773 807 909 810 833
Net Interest Income / (Expense)		 273 290 315 345 433 503 600 663 788 692 705
Total Interest Income		 300 320 344 375 469 546 627 681 830 1,018 1,140
Loans and Leases Interest Income		 207 229 254 293 382 461 527 559 661 816 945
Investment Securities Interest Income		 93 91 90 82 86 86 100 122 169 202 195
Total Interest Expense		 27 29 30 30 36 43 27 19 41 326 435
Deposits Interest Expense		 13 16 18 17 18 23 18 12 15 162 273
Long-Term Debt Interest Expense		 3.14 3.19 3.73 4.39 5.95 6.56 4.72 3.41 4.89 5.78 5.75
Federal Funds Purchased and Securities Sold Interest Expense		 10 9.86 7.43 8.61 11 13 4.33 2.30 21 157 155
Other Interest Expense		 0.20 0.08 0.07 0.08 0.10 0.22 0.65 0.71 1.33 1.06 1.30
Total Non-Interest Income		 90 99 107 112 119 131 173 145 121 118 128
Other Service Charges		 71 72 75 82 93 82 72 82 100 104 112
Net Realized & Unrealized Capital Gains on Investments		 20 26 32 30 26 48 101 62 21 14 17
Provision for Credit Losses		 1.91 2.28 2.33 11 9.95 0.06 40 23 20 15 28
Total Non-Interest Expense		 213 237 259 266 320 375 405 435 519 527 578
Salaries and Employee Benefits		 119 134 152 161 195 223 253 271 319 309 337
Net Occupancy & Equipment Expense		 34 37 40 41 47 52 59 63 74 77 84
Marketing Expense		 7.91 8.66 8.43 8.41 9.57 11 10 12 14 15 16
Property & Liability Insurance Claims		 5.06 5.28 4.78 4.43 5.08 3.77 4.66 8.25 13 29 24
Other Operating Expenses		 44 49 50 49 58 64 68 71 88 87 105
Amortization Expense		 2.81 2.96 2.97 2.49 6.27 8.49 10 10 11 9.73 13
Income Tax Expense		 36 34 40 65 40 49 62 65 67 45 36
Basic Earnings per Share		 $1.51 $1.54 $1.59 $1.50 $2.18 $2.39 $2.81 $2.87 $2.74 $2.01 $1.68
Weighted Average Basic Shares Outstanding		 74.64M 75.54M 76.28M 77.54M 83.60M 88.26M 94.88M 99.31M 110.76M 110.86M 113.17M
Diluted Earnings per Share		 $1.51 $1.54 $1.59 $1.50 $2.17 $2.38 $2.81 $2.86 $2.74 $2.01 $1.68
Weighted Average Diluted Shares Outstanding		 74.69M 75.60M 76.34M 77.61M 83.68M 88.39M 94.93M 99.40M 110.83M 110.89M 113.24M
Weighted Average Basic & Diluted Shares Outstanding		 74.70M 75.40M 76.20M 77.60M 83.40M 92.31M 95.43M 110.69M 110.86M 113.37M 113.40M
Cash Dividends to Common per Share		 $0.98 $1.05 $1.10 $1.14 $1.31 $1.31 $1.33 $1.37 $1.32 $1.32 $1.32

Quarterly Income Statements for Glacier Bancorp

This table shows Glacier Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 80 61 55 52 54 33 45 51 62 55 53
Consolidated Net Income / (Loss)		 80 61 55 52 54 33 45 51 62 55 53
Net Income / (Loss) Continuing Operations		 80 61 55 52 54 33 45 51 62 55 53
Total Pre-Tax Income 		97 74 68 64 62 36 54 62 73 63 65
Total Revenue		 233 214 201 197 197 196 199 215 223 223 241
Net Interest Income / (Expense)		 204 186 172 167 166 166 166 180 191 190 208
Total Interest Income		 225 232 247 265 273 279 274 290 297 290 308
Loans and Leases Interest Income		 181 188 200 212 216 223 232 243 247 244 264
Investment Securities Interest Income		 44 44 48 53 57 56 42 46 50 46 44
Total Interest Expense		 21 46 75 98 107 113 107 109 106 100 100
Deposits Interest Expense		 4.64 13 32 55 63 67 68 71 67 63 66
Long-Term Debt Interest Expense		 1.30 1.41 1.43 1.47 1.47 1.44 1.41 1.41 1.50 2.23 2.62
Federal Funds Purchased and Securities Sold Interest Expense		 14 31 42 41 42 44 38 37 37 34 32
Other Interest Expense		 0.63 0.50 0.44 0.49 -0.37 0.34 0.35 0.25 0.35 0.40 0.40
Total Non-Interest Income		 28 28 29 30 31 30 32 35 32 33 33
Other Service Charges		 26 26 26 26 27 27 28 30 28 28 29
Net Realized & Unrealized Capital Gains on Investments		 2.69 2.29 3.51 3.98 3.94 3.38 4.66 4.92 3.93 4.31 4.27
Provision for Credit Losses		 6.12 5.47 2.77 3.54 3.01 8.25 3.52 8.01 8.53 7.81 20
Total Non-Interest Expense		 129 135 131 130 132 152 141 145 141 151 155
Salaries and Employee Benefits		 80 81 79 77 71 86 84 85 82 91 94
Net Occupancy & Equipment Expense		 19 20 19 19 19 21 21 21 21 21 22
Marketing Expense		 3.56 4.24 3.73 4.05 3.41 3.98 4.36 4.06 3.73 4.14 4.39
Property & Liability Insurance Claims		 3.43 4.90 5.31 6.06 12 7.76 5.39 5.15 5.89 5.53 5.85
Other Operating Expenses		 21 22 21 20 23 31 23 26 25 25 24
Amortization Expense		 2.66 2.45 2.43 2.43 2.43 2.76 3.02 3.37 3.61 3.27 3.62
Income Tax Expense		 18 12 13 12 7.80 3.75 9.50 11 12 8.92 12
Basic Earnings per Share		 $0.72 $0.55 $0.50 $0.47 $0.49 $0.29 $0.39 $0.45 $0.55 $0.48 $0.45
Weighted Average Basic Shares Outstanding		 110.76M 110.82M 110.87M 110.88M 110.86M 112.49M 113.39M 113.39M 113.17M 113.45M 116.89M
Diluted Earnings per Share		 $0.72 $0.55 $0.50 $0.47 $0.49 $0.29 $0.39 $0.45 $0.55 $0.48 $0.45
Weighted Average Diluted Shares Outstanding		 110.83M 110.88M 110.88M 110.89M 110.89M 112.55M 113.41M 113.47M 113.24M 113.55M 116.92M
Weighted Average Basic & Diluted Shares Outstanding		 110.86M 110.87M 110.88M 110.88M 113.37M 113.39M 113.39M 113.40M 113.40M 113.52M 118.55M
Cash Dividends to Common per Share		 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33

Annual Cash Flow Statements for Glacier Bancorp

This table details how cash moves in and out of Glacier Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 287 -249 -41 47 3.79 127 302 -195 -36 952 -506
Net Cash From Operating Activities		 183 177 193 255 281 227 190 572 471 501 258
Net Cash From Continuing Operating Activities		 183 177 193 255 281 227 190 572 471 501 258
Net Income / (Loss) Continuing Operations		 113 116 121 116 182 211 266 285 303 223 190
Consolidated Net Income / (Loss)		 113 116 121 116 182 211 266 285 303 223 190
Provision For Loan Losses		 1.91 2.28 2.33 11 9.95 0.06 40 23 20 15 28
Depreciation Expense		 12 14 15 15 16 19 20 22 26 27 29
Amortization Expense		 33 34 30 28 25 32 -19 53 60 40 44
Non-Cash Adjustments to Reconcile Net Income		 21 7.69 26 86 39 -42 -84 177 82 103 54
Changes in Operating Assets and Liabilities, net		 1.03 2.08 -1.19 -1.09 9.62 7.54 -34 13 -20 92 -87
Net Cash From Investing Activities		 159 -681 -421 24 -872 -43 -3,564 -3,907 -1,352 -207 493
Net Cash From Continuing Investing Activities		 159 -681 -421 24 -872 -43 -3,564 -3,907 -1,352 -207 493
Purchase of Property, Leasehold Improvements and Equipment		 - - - - - - - - -34 -50 -48
Purchase of Investment Securities		 -2,081 -3,311 -3,037 -2,877 -4,425 -4,978 -9,214 -13,571 -8,770 -4,599 -4,792
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - - - 11 0.25 14
Divestitures		 -2.11 21 - - - - - - 0.00 0.00 108
Sale and/or Maturity of Investments		 2,242 2,608 2,616 2,900 3,553 4,935 5,650 9,664 7,442 4,441 5,211
Net Cash From Financing Activities		 -55 255 188 -231 595 -57 3,676 3,139 845 659 -1,257
Net Cash From Continuing Financing Activities		 -55 255 188 -231 595 -57 3,676 3,139 845 659 -1,257
Net Change in Deposits		 456 216 368 -89 599 286 3,418 3,266 -730 -677 -395
Issuance of Debt		 193 190 -101 287 0.00 14 0.00 3.53 1,809 943 1,743
Repayment of Debt		 -737 -95 -46 -204 79 -406 -38 0.00 0.00 0.00 -2,740
Payment of Dividends		 -51 -79 -84 -112 -85 -124 -131 -146 -158 -147 -150
Other Financing Activities, Net		 85 24 50 -113 3.21 174 427 15 -76 539 285
Cash Interest Paid		 26 30 30 30 35 42 29 20 39 204 529
Cash Income Taxes Paid		 33 40 36 40 26 37 63 67 55 28 16

Quarterly Cash Flow Statements for Glacier Bancorp

This table details how cash moves in and out of Glacier Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -23 1,128 -478 621 -318 -566 12 187 -139 133 -66
Net Cash From Operating Activities		 120 98 121 130 151 -57 63 150 102 52 86
Net Cash From Continuing Operating Activities		 120 98 121 130 151 -57 63 150 102 52 86
Net Income / (Loss) Continuing Operations		 80 61 55 52 54 33 45 51 62 55 53
Consolidated Net Income / (Loss)		 80 61 55 52 54 33 45 51 62 55 53
Provision For Loan Losses		 6.12 5.47 2.77 3.54 3.01 8.25 3.52 8.01 8.53 7.81 20
Depreciation Expense		 6.88 6.81 6.81 6.70 7.09 7.09 7.24 7.22 7.35 7.49 7.79
Amortization Expense		 5.82 11 14 6.53 8.82 14 10 8.57 11 12 14
Non-Cash Adjustments to Reconcile Net Income		 22 35 7.87 12 48 -11 5.81 59 -0.77 -7.10 -8.70
Changes in Operating Assets and Liabilities, net		 -1.05 -21 35 49 30 -108 -8.93 17 14 -22 -0.00
Net Cash From Investing Activities		 51 -30 -253 -0.08 75 209 14 214 56 206 156
Net Cash From Continuing Investing Activities		 51 -30 -253 -0.08 75 209 14 214 56 206 156
Purchase of Property, Leasehold Improvements and Equipment		 - - - - - -6.69 - - - -5.66 -6.52
Purchase of Investment Securities		 -1,629 -1,575 -1,262 -913 -849 -119 -1,208 -1,317 -1,300 0.50 -271
Sale of Property, Leasehold Improvements and Equipment		 - - - - - 2.40 - - - 2.05 2.44
Divestitures		 - 0.00 - - - 31 - 77 - 0.00 26
Sale and/or Maturity of Investments		 1,702 1,545 1,009 913 973 302 1,222 1,454 1,390 209 405
Net Cash From Financing Activities		 -194 1,059 -347 491 -544 -718 -64 -177 -297 -125 -308
Net Cash From Continuing Financing Activities		 -194 1,059 -347 491 -544 -718 -64 -177 -297 -125 -308
Net Change in Deposits		 -1,273 -458 -140 387 -466 -118 -326 217 -167 87 -84
Issuance of Debt		 1,809 1,274 -336 1,798 -1,792 2,090 492 -489 -59 0.15 -13
Repayment of Debt		 -715 0.00 - -1,800 1,800 -2,741 -282 -65 59 -281 -301
Payment of Dividends		 -73 -0.29 -37 -37 -73 -0.31 -37 -37 -75 -0.36 -37
Other Financing Activities, Net		 58 244 165 143 -13 52 89 198 -54 69 127
Cash Interest Paid		 19 41 37 54 73 207 109 106 107 103 105
Cash Income Taxes Paid		 14 0.00 15 2.55 10 0.01 14 0.50 1.59 2.43 14

Annual Balance Sheets for Glacier Bancorp

This table presents Glacier Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 8,307 9,089 9,451 9,706 12,115 13,684 18,504 25,941 26,635 27,743 27,903
Cash and Due from Banks		 123 117 135 140 162 199 227 198 300 247 269
Interest Bearing Deposits at Other Banks		 319 70 17 60 42 132 406 240 102 1,108 580
Trading Account Securities		 3,008 3,397 3,200 2,495 2,931 2,881 5,704 10,441 9,035 8,304 7,573
Loans and Leases, Net of Allowance		 4,358 4,949 5,555 6,448 8,156 -124 10,964 13,259 15,065 16,005 17,056
Loans and Leases		 4,488 5,079 5,684 6,578 8,288 - 11,123 13,432 15,247 16,198 17,262
Allowance for Loan and Lease Losses		 130 130 130 130 131 124 158 173 182 193 206
Premises and Equipment, Net		 179 194 176 177 242 310 325 373 398 422 412
Goodwill		 130 141 147 178 290 456 514 985 985 985 1,051
Intangible Assets		 11 15 12 14 49 63 56 52 42 32 51
Other Assets		 178 201 208 193 244 9,642 308 13,652 709 640 855
Total Liabilities & Shareholders' Equity		 8,307 9,089 9,451 9,706 12,115 13,684 18,504 25,941 26,635 27,743 27,903
Total Liabilities		 7,278 8,013 8,334 8,507 10,600 11,723 16,197 22,763 23,792 24,722 24,679
Non-Interest Bearing Deposits		 1,632 1,918 2,042 2,312 3,001 3,697 5,455 7,779 7,691 6,023 6,137
Interest Bearing Deposits		 4,713 5,027 5,330 5,268 6,493 7,080 9,343 13,558 12,916 13,906 14,410
Short-Term Debt		 397 430 474 363 396 599 1,038 1,021 946 1,487 1,777
Accrued Interest Payable		 4.16 3.52 3.58 3.45 4.25 4.69 3.31 2.41 4.33 126 34
Long-Term Debt		 430 520 382 488 589 179 140 177 2,010 215 1,995
Capital Lease Obligations		 - - - - - - - - - - 21
Other Long-Term Liabilities		 102 114 102 73 117 165 219 226 225 2,966 305
Commitments & Contingencies		 - - - - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,028 1,077 1,117 1,199 1,516 1,961 2,307 3,178 2,843 3,020 3,224
Total Preferred & Common Equity		 1,028 1,077 1,117 1,199 1,516 1,961 2,307 3,178 2,843 3,020 3,224
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,028 1,077 1,117 1,199 1,516 1,961 2,307 3,178 2,843 3,020 3,224
Common Stock		 709 737 750 799 1,052 1,379 1,496 2,340 2,345 2,351 2,450
Retained Earnings		 301 338 374 402 473 541 668 810 967 1,043 1,083
Accumulated Other Comprehensive Income / (Loss)		 18 1.99 -7.38 -1.98 -9.43 40 143 27 -469 -374 -309

Quarterly Balance Sheets for Glacier Bancorp

This table presents Glacier Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 26,690 26,733 27,802 27,528 28,064 27,822 27,805 28,206 27,859 29,005
Cash and Due from Banks		 294 260 291 286 264 232 271 342 322 375
Interest Bearing Deposits at Other Banks		 122 165 1,239 765 1,408 557 530 646 659 540
Trading Account Securities		 10,065 9,572 8,901 8,653 8,325 8,108 7,940 7,831 7,474 7,279
Loans and Leases, Net of Allowance		 14,227 14,673 15,332 15,766 15,943 16,534 16,651 16,976 17,008 18,306
Loans and Leases		 14,400 14,851 15,519 15,955 16,135 16,733 16,852 17,181 17,219 18,533
Allowance for Loan and Lease Losses		 173 178 187 189 192 199 201 205 210 227
Premises and Equipment, Net		 386 396 400 405 415 443 452 467 411 427
Goodwill		 985 985 985 985 985 1,024 1,024 1,054 1,051 1,121
Intangible Assets		 47 44 39 37 34 46 43 53 48 65
Other Assets		 565 638 15,948 630 689 879 896 837 830 835
Total Liabilities & Shareholders' Equity		 26,690 26,733 27,802 27,528 28,064 27,822 27,805 28,206 27,859 29,005
Total Liabilities		 23,794 23,961 24,876 24,601 25,189 24,711 24,668 24,961 24,571 25,473
Non-Interest Bearing Deposits		 8,061 8,294 7,001 6,458 6,465 6,055 6,093 6,408 6,101 6,594
Interest Bearing Deposits		 13,722 13,585 13,147 13,550 13,930 14,372 14,008 14,307 14,534 15,035
Short-Term Debt		 1,034 965 1,191 1,357 1,500 1,540 1,630 1,832 1,849 1,976
Accrued Interest Payable		 2.33 2.74 8.97 48 92 33 31 35 30 28
Long-Term Debt		 713 838 3,284 2,949 207 2,362 2,571 2,017 1,715 1,475
Capital Lease Obligations		 - - - - - - - - 20 19
Other Long-Term Liabilities		 261 275 243 240 2,996 349 334 362 322 346
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,896 2,772 2,927 2,927 2,875 3,111 3,137 3,245 3,288 3,532
Total Preferred & Common Equity		 2,896 2,772 2,927 2,927 2,875 3,111 3,137 3,245 3,288 3,532
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 2,896 2,772 2,927 2,927 2,875 3,111 3,137 3,245 3,288 3,532
Common Stock		 2,342 2,344 2,346 2,348 2,349 2,445 2,447 2,448 2,450 2,657
Retained Earnings		 881 924 992 1,010 1,026 1,038 1,045 1,059 1,100 1,114
Accumulated Other Comprehensive Income / (Loss)		 -327 -495 -410 -431 -500 -372 -355 -262 -263 -239

Annual Metrics And Ratios for Glacier Bancorp

This table displays calculated financial ratios and metrics derived from Glacier Bancorp's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.79% 7.13% 8.40% 8.43% 20.75% 14.83% 21.83% 4.49% 12.61% -10.93% 2.88%
EBITDA Growth		 -4.13% 2.31% 3.46% 8.68% 17.67% 17.86% 6.29% 28.83% 7.41% -26.41% -10.80%
EBIT Growth		 18.31% 0.98% 7.11% 12.57% 22.77% 16.64% 26.56% 6.52% 5.96% -27.73% -15.43%
NOPAT Growth		 17.89% 2.99% 4.31% -3.92% 56.28% 15.76% 26.53% 6.89% 6.48% -26.48% -14.71%
Net Income Growth		 17.89% 2.99% 4.31% -3.92% 56.28% 15.76% 26.53% 6.89% 6.48% -26.48% -14.71%
EPS Growth		 15.27% 1.99% 3.25% -5.66% 44.67% 9.68% 18.07% 1.78% -4.20% -26.64% -16.42%
Operating Cash Flow Growth		 -45.30% -3.26% 9.23% 31.93% 10.19% -19.26% -16.37% 201.80% -17.72% 6.39% -48.47%
Free Cash Flow Firm Growth		 203.01% -110.90% 416.00% -77.67% -788.32% 90.18% -1,718.20% -26.10% -85.06% 216.01% -261.93%
Invested Capital Growth		 -17.58% 9.25% -2.66% 3.92% 22.00% 9.48% 27.27% 25.55% 32.55% -18.58% 48.63%
Revenue Q/Q Growth		 0.77% 0.00% 0.00% 2.00% 0.00% 0.00% 6.27% 1.45% 1.18% -4.17% 3.18%
EBITDA Q/Q Growth		 1.27% 332.02% 309.08% 4.28% 500.61% 504.87% 1.01% -3.01% 9.56% -8.74% 4.94%
EBIT Q/Q Growth		 1.17% 0.00% 0.00% 3.18% 0.00% 0.00% 10.51% -10.46% 11.25% -11.66% 5.30%
NOPAT Q/Q Growth		 1.36% 0.00% 0.00% -12.14% 0.00% 0.00% 10.11% -9.86% 10.56% -10.21% 4.07%
Net Income Q/Q Growth		 1.36% 0.00% 0.00% -12.14% 0.00% 0.00% 10.11% -9.86% 10.56% -10.21% 4.07%
EPS Q/Q Growth		 0.67% 0.00% 0.00% -12.79% 0.00% 0.00% 10.20% -14.11% 12.76% -10.27% 3.70%
Operating Cash Flow Q/Q Growth		 0.24% -9.70% 12.61% 4.83% 15.14% -0.43% -16.12% 16.01% -6.89% 6.67% -16.02%
Free Cash Flow Firm Q/Q Growth		 -10.36% 20.85% 106.43% -49.50% -6.41% 94.44% 0.64% -596.24% -58.73% 436.06% 9.62%
Invested Capital Q/Q Growth		 -2.75% 2.48% 4.22% 5.24% 13.64% 2.33% 2.46% 21.71% 26.75% 3.07% -1.07%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 53.47% 51.06% 48.74% 48.85% 47.61% 48.86% 42.63% 52.56% 50.14% 41.42% 35.91%
EBIT Margin		 40.93% 38.58% 38.12% 39.57% 40.23% 40.87% 42.46% 43.28% 40.73% 33.05% 27.16%
Profit (Net Income) Margin		 31.04% 29.84% 28.71% 25.44% 32.93% 33.20% 34.48% 35.27% 33.35% 27.53% 22.82%
Tax Burden Percent		 75.85% 77.35% 75.33% 64.30% 81.85% 81.23% 81.21% 81.49% 81.88% 83.30% 84.02%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.15% 22.65% 24.67% 35.70% 18.15% 18.77% 18.79% 18.51% 18.12% 16.70% 15.98%
Return on Invested Capital (ROIC)		 5.49% 5.98% 6.06% 5.79% 7.99% 8.04% 8.56% 7.25% 5.96% 4.24% 3.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.49% 5.98% 6.06% 5.79% 7.99% 8.04% 8.56% 7.25% 5.96% 4.24% 3.24%
Return on Net Nonoperating Assets (RNNOA)		 5.83% 5.05% 4.99% 4.26% 5.41% 4.07% 3.92% 3.14% 4.11% 3.37% 2.85%
Return on Equity (ROE)		 11.32% 11.04% 11.04% 10.05% 13.40% 12.11% 12.48% 10.38% 10.07% 7.60% 6.09%
Cash Return on Invested Capital (CROIC)		 24.77% -2.85% 8.76% 1.94% -11.83% -1.01% -15.44% -15.41% -22.03% 24.72% -35.88%
Operating Return on Assets (OROA)		 1.84% 1.73% 1.73% 1.89% 2.04% 2.01% 2.04% 1.57% 1.41% 0.98% 0.81%
Return on Assets (ROA)		 1.39% 1.34% 1.31% 1.22% 1.67% 1.63% 1.66% 1.28% 1.15% 0.82% 0.68%
Return on Common Equity (ROCE)		 11.32% 11.04% 11.04% 10.05% 13.40% 12.11% 12.48% 10.38% 10.07% 7.60% 6.09%
Return on Equity Simple (ROE_SIMPLE)		 10.97% 10.79% 10.85% 9.71% 12.00% 10.74% 11.55% 8.96% 10.66% 7.38% 5.90%
Net Operating Profit after Tax (NOPAT)		 113 116 121 116 182 211 266 285 303 223 190
NOPAT Margin		 31.04% 29.84% 28.71% 25.44% 32.93% 33.20% 34.48% 35.27% 33.35% 27.53% 22.82%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.21% 46.19% 47.53% 45.84% 45.50% 44.98% 41.68% 42.79% 44.85% 49.62% 52.45%
Operating Expenses to Revenue		 58.55% 60.84% 61.33% 58.06% 57.96% 59.12% 52.39% 53.86% 57.07% 65.13% 69.44%
Earnings before Interest and Taxes (EBIT)		 149 150 161 181 222 259 328 349 370 268 226
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 194 199 206 223 263 310 329 424 456 335 299
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.46 1.41 1.94 2.09 1.84 1.87 1.70 1.81 1.79 1.47 1.77
Price to Tangible Book Value (P/TBV)		 1.69 1.64 2.26 2.48 2.37 2.54 2.26 2.69 2.81 2.22 2.68
Price to Revenue (P/Rev)		 4.14 3.89 5.14 5.47 5.06 5.77 5.09 7.14 5.61 5.49 6.84
Price to Earnings (P/E)		 13.33 13.04 17.89 21.48 15.35 17.37 14.75 20.25 16.82 19.92 29.95
Dividend Yield		 3.39% 5.28% 3.89% 4.49% 3.06% 3.55% 3.35% 2.73% 3.08% 3.30% 2.63%
Earnings Yield		 7.50% 7.67% 5.59% 4.65% 6.51% 5.76% 6.78% 4.94% 5.94% 5.02% 3.34%
Enterprise Value to Invested Capital (EV/IC)		 1.02 1.12 1.45 1.54 1.43 1.50 1.28 1.49 1.32 1.01 1.23
Enterprise Value to Revenue (EV/Rev)		 5.20 5.84 6.80 6.89 6.47 6.47 5.79 8.08 8.42 5.91 10.37
Enterprise Value to EBITDA (EV/EBITDA)		 9.72 11.43 13.96 14.10 13.59 13.24 13.58 15.38 16.80 14.28 28.88
Enterprise Value to EBIT (EV/EBIT)		 12.70 15.13 17.85 17.41 16.08 15.83 13.64 18.67 20.67 17.90 38.18
Enterprise Value to NOPAT (EV/NOPAT)		 16.74 19.56 23.69 27.08 19.65 19.49 16.80 22.91 25.25 21.48 45.44
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.33 12.85 14.86 12.37 12.73 18.10 23.61 11.41 16.26 9.56 33.48
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.71 0.00 16.39 80.61 0.00 0.00 0.00 0.00 0.00 3.68 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.80 0.88 0.77 0.71 0.65 0.40 0.51 0.38 1.04 0.56 1.18
Long-Term Debt to Equity		 0.42 0.48 0.34 0.41 0.39 0.09 0.06 0.06 0.71 0.07 0.63
Financial Leverage		 1.06 0.84 0.82 0.74 0.68 0.51 0.46 0.43 0.69 0.79 0.88
Leverage Ratio		 8.13 8.27 8.45 8.27 8.04 7.42 7.54 8.10 8.73 9.27 8.91
Compound Leverage Factor		 8.13 8.27 8.45 8.27 8.04 7.42 7.54 8.10 8.73 9.27 8.91
Debt to Total Capital		 44.58% 46.88% 43.38% 41.51% 39.39% 28.39% 33.79% 27.37% 50.97% 36.04% 54.06%
Short-Term Debt to Total Capital		 21.41% 21.22% 24.01% 17.69% 15.84% 21.87% 29.78% 23.33% 16.31% 31.49% 25.33%
Long-Term Debt to Total Capital		 23.18% 25.66% 19.37% 23.82% 23.55% 6.52% 4.02% 4.04% 34.66% 4.55% 28.73%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 55.42% 53.12% 56.62% 58.49% 60.61% 71.61% 66.21% 72.63% 49.03% 63.97% 45.94%
Debt to EBITDA		 4.26 4.78 4.16 3.81 3.75 2.51 3.58 2.82 6.49 5.07 12.68
Net Debt to EBITDA		 1.98 3.81 3.42 2.91 2.97 1.44 1.65 1.79 5.60 1.03 9.84
Long-Term Debt to EBITDA		 2.21 2.62 1.86 2.19 2.24 0.58 0.42 0.42 4.41 0.64 6.74
Debt to NOPAT		 7.34 8.18 7.07 7.31 5.42 3.69 4.42 4.21 9.75 7.63 19.95
Net Debt to NOPAT		 3.41 6.52 5.81 5.59 4.30 2.12 2.04 2.67 8.42 1.56 15.49
Long-Term Debt to NOPAT		 3.81 4.48 3.16 4.20 3.24 0.85 0.53 0.62 6.63 0.96 10.60
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 508 -55 175 39 -269 -26 -480 -606 -1,121 1,300 -2,106
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,025.39% 1,016.00% 761.13%
Free Cash Flow to Firm to Interest Expense		 18.85 -1.89 5.91 1.31 -7.57 -0.62 -17.59 -32.64 -27.17 3.99 -4.84
Operating Cash Flow to Interest Expense		 6.78 6.04 6.52 8.53 7.90 5.30 6.94 30.82 11.41 1.54 0.59
Operating Cash Flow Less CapEx to Interest Expense		 6.78 6.04 6.52 8.53 7.90 5.30 6.94 30.82 10.84 1.38 0.52
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.04 0.03 0.03 0.03
Fixed Asset Turnover		 2.09 2.09 2.28 2.59 2.64 2.30 2.43 2.31 2.36 1.98 1.87
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,855 2,027 1,973 2,050 2,501 2,738 3,485 4,375 5,799 4,722 7,018
Invested Capital Turnover		 0.18 0.20 0.21 0.23 0.24 0.24 0.25 0.21 0.18 0.15 0.14
Increase / (Decrease) in Invested Capital		 -396 172 -54 77 451 237 747 890 1,424 -1,078 2,296
Enterprise Value (EV)		 1,888 2,271 2,870 3,151 3,574 4,103 4,474 6,525 7,655 4,789 8,640
Market Capitalization		 1,503 1,514 2,167 2,500 2,792 3,657 3,930 5,765 5,101 4,442 5,695
Book Value per Share		 $13.70 $14.15 $14.59 $15.37 $17.93 $21.27 $24.18 $28.71 $25.67 $27.24 $28.43
Tangible Book Value per Share		 $11.83 $12.11 $12.51 $12.91 $13.93 $15.63 $18.21 $19.33 $16.40 $18.06 $18.71
Total Capital		 1,855 2,027 1,973 2,050 2,501 2,738 3,485 4,375 5,799 4,722 7,018
Total Debt		 827 950 856 851 985 777 1,178 1,198 2,956 1,701 3,794
Total Long-Term Debt		 430 520 382 488 589 179 140 177 2,010 215 2,016
Net Debt		 385 757 703 651 781 446 544 760 2,554 347 2,946
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23 49 34
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 827 950 856 851 985 777 1,178 1,198 2,956 1,701 3,794
Total Depreciation and Amortization (D&A)		 46 49 45 42 41 51 1.34 75 86 68 73
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.51 $1.54 $1.59 $1.50 $2.18 $2.39 $2.81 $2.87 $2.74 $2.01 $1.68
Adjusted Weighted Average Basic Shares Outstanding		 74.64M 75.54M 76.28M 77.54M 83.60M 88.26M 94.88M 99.31M 110.76M 110.86M 113.17M
Adjusted Diluted Earnings per Share		 $1.51 $1.54 $1.59 $1.50 $2.17 $2.38 $2.81 $2.86 $2.74 $2.01 $1.68
Adjusted Weighted Average Diluted Shares Outstanding		 74.69M 75.60M 76.34M 77.61M 83.68M 88.39M 94.93M 99.40M 110.83M 110.89M 113.24M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 75.09M 76.09M 76.53M 79.79M 84.52M 92.31M 95.43M 110.69M 110.86M 113.37M 113.40M
Normalized Net Operating Profit after Tax (NOPAT)		 113 116 121 116 182 222 266 285 303 223 190
Normalized NOPAT Margin		 31.04% 29.84% 28.71% 25.44% 32.93% 34.93% 34.48% 35.27% 33.35% 27.53% 22.82%
Pre Tax Income Margin		 40.93% 38.58% 38.12% 39.57% 40.23% 40.87% 42.46% 43.28% 40.73% 33.05% 27.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.51 5.13 5.43 6.06 6.25 6.06 12.01 18.83 8.97 0.82 0.52
NOPAT to Interest Expense		 4.18 3.97 4.09 3.90 5.12 4.92 9.75 15.34 7.35 0.68 0.44
EBIT Less CapEx to Interest Expense		 5.51 5.13 5.43 6.06 6.25 6.06 12.01 18.83 8.41 0.67 0.44
NOPAT Less CapEx to Interest Expense		 4.18 3.97 4.09 3.90 5.12 4.92 9.75 15.34 6.79 0.53 0.36
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 45.18% 68.42% 69.38% 96.00% 47.01% 59.12% 49.27% 51.12% 51.96% 65.80% 78.91%
Augmented Payout Ratio		 45.18% 68.42% 69.38% 96.00% 47.01% 59.12% 49.27% 51.12% 51.96% 65.80% 78.91%

Quarterly Metrics And Ratios for Glacier Bancorp

This table displays calculated financial ratios and metrics derived from Glacier Bancorp's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.76% -2.30% -9.32% -16.31% -15.15% -8.23% -1.18% 8.94% 13.01% 13.31% 21.08%
EBITDA Growth		 56.48% -19.82% -21.27% -35.02% -29.16% -37.08% -19.28% 0.79% 18.04% 44.16% 21.01%
EBIT Growth		 62.45% -9.96% -27.79% -34.06% -36.26% -50.60% -19.90% -3.05% 18.32% 74.53% 20.22%
NOPAT Growth		 57.13% -9.71% -28.06% -33.90% -31.83% -46.70% -18.65% -2.65% 13.69% 67.25% 18.06%
Net Income Growth		 57.13% -9.71% -28.06% -33.90% -31.83% -46.70% -18.65% -2.65% 13.69% 67.25% 18.06%
EPS Growth		 75.61% -9.84% -27.54% -34.72% -31.94% -47.27% -22.00% -4.26% 12.24% 65.52% 15.38%
Operating Cash Flow Growth		 -22.51% 25.30% -12.26% -3.06% 26.09% -157.78% -48.35% 15.47% -32.54% 192.45% 37.28%
Free Cash Flow Firm Growth		 -60.10% -399.30% -140.92% 105.19% 184.18% 113.28% 97.58% -5,365.51% -297.40% -53.82% 733.19%
Invested Capital Growth		 32.55% 77.83% 55.75% 0.12% -18.58% -5.26% 1.47% 54.85% 48.63% -2.00% -4.57%
Revenue Q/Q Growth		 -1.35% -7.94% -6.09% -1.87% 0.01% -0.43% 1.13% 8.18% 3.75% -0.17% 8.06%
EBITDA Q/Q Growth		 -7.54% -17.31% -2.35% -12.96% 0.79% -26.56% 25.27% 8.68% 18.05% -10.31% 5.16%
EBIT Q/Q Growth		 0.11% -24.43% -8.08% -5.18% -3.22% -41.43% 49.03% 14.78% 18.11% -13.61% 2.65%
NOPAT Q/Q Growth		 0.43% -23.18% -10.22% -4.57% 3.57% -39.93% 37.03% 14.20% 20.96% -11.64% -3.27%
Net Income Q/Q Growth		 0.43% -23.18% -10.22% -4.57% 3.57% -39.93% 37.03% 14.20% 20.96% -11.64% -3.27%
EPS Q/Q Growth		 0.00% -23.61% -9.09% -6.00% 4.26% -40.82% 34.48% 15.38% 22.22% -12.73% -6.25%
Operating Cash Flow Q/Q Growth		 -10.57% -18.12% 23.60% 7.12% 16.33% -137.52% 210.48% 139.50% -32.05% -48.58% 64.04%
Free Cash Flow Firm Q/Q Growth		 -49.20% -136.40% 20.28% 101.85% 2,320.90% -62.70% -114.53% -3,913.08% 9.24% 108.73% 99.22%
Invested Capital Q/Q Growth		 26.75% 27.64% -2.30% -36.66% 3.07% 48.52% 4.64% -3.33% -1.07% -2.07% 1.89%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 47.36% 42.54% 44.23% 39.23% 39.54% 29.16% 36.13% 36.30% 41.30% 37.11% 36.11%
EBIT Margin		 41.90% 34.39% 33.66% 32.53% 31.48% 18.52% 27.29% 28.95% 32.96% 28.52% 27.09%
Profit (Net Income) Margin		 34.26% 28.59% 27.33% 26.58% 27.53% 16.61% 22.50% 23.75% 27.69% 24.51% 21.94%
Tax Burden Percent		 81.77% 83.13% 81.20% 81.72% 87.45% 89.69% 82.47% 82.05% 84.03% 85.95% 80.98%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.23% 16.87% 18.80% 18.28% 12.55% 10.31% 17.53% 17.95% 15.97% 14.05% 19.02%
Return on Invested Capital (ROIC)		 6.12% 4.47% 4.07% 4.91% 4.24% 1.83% 2.44% 3.29% 3.93% 3.03% 2.76%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.12% 4.47% 4.07% 4.91% 4.24% 1.83% 2.44% 3.29% 3.93% 3.03% 2.76%
Return on Net Nonoperating Assets (RNNOA)		 4.22% 4.35% 4.23% 3.05% 3.37% 2.53% 3.42% 2.98% 3.46% 3.55% 3.17%
Return on Equity (ROE)		 10.35% 8.82% 8.29% 7.96% 7.60% 4.36% 5.86% 6.27% 7.39% 6.58% 5.93%
Cash Return on Invested Capital (CROIC)		 -22.03% -50.90% -38.96% 5.30% 24.72% 8.10% 1.07% -39.92% -35.88% 5.08% 7.75%
Operating Return on Assets (OROA)		 1.45% 1.15% 1.10% 1.00% 0.94% 0.53% 0.78% 0.83% 0.99% 0.88% 0.86%
Return on Assets (ROA)		 1.18% 0.96% 0.89% 0.82% 0.82% 0.47% 0.64% 0.68% 0.83% 0.76% 0.70%
Return on Common Equity (ROCE)		 10.35% 8.82% 8.29% 7.96% 7.60% 4.36% 5.86% 6.27% 7.39% 6.58% 5.93%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.13% 9.40% 8.64% 0.00% 6.25% 5.87% 5.63% 0.00% 6.45% 6.23%
Net Operating Profit after Tax (NOPAT)		 80 61 55 52 54 33 45 51 62 55 53
NOPAT Margin		 34.26% 28.59% 27.33% 26.58% 27.53% 16.61% 22.50% 23.75% 27.69% 24.51% 21.94%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.94% 49.27% 50.60% 51.05% 47.57% 56.40% 55.25% 51.33% 47.56% 52.56% 50.38%
Operating Expenses to Revenue		 55.46% 63.05% 64.96% 65.68% 67.00% 77.29% 70.94% 67.33% 63.22% 67.97% 64.48%
Earnings before Interest and Taxes (EBIT)		 97 74 68 64 62 36 54 62 73 63 65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 110 91 89 77 78 57 72 78 92 83 87
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.79 1.50 1.12 1.05 1.47 1.38 1.34 1.59 1.77 1.51 1.37
Price to Tangible Book Value (P/TBV)		 2.81 2.31 1.73 1.63 2.22 2.10 2.03 2.41 2.68 2.27 2.07
Price to Revenue (P/Rev)		 5.61 4.86 3.72 3.57 5.49 5.42 5.31 6.37 6.84 5.79 5.39
Price to Earnings (P/E)		 16.82 14.83 11.96 12.16 19.92 22.09 22.78 28.16 29.95 23.44 22.05
Dividend Yield		 3.08% 3.58% 4.45% 4.85% 3.30% 3.41% 3.57% 2.91% 2.63% 3.01% 3.09%
Earnings Yield		 5.94% 6.75% 8.36% 8.22% 5.02% 4.53% 4.39% 3.55% 3.34% 4.27% 4.53%
Enterprise Value to Invested Capital (EV/IC)		 1.32 0.99 0.90 0.67 1.01 1.06 1.03 1.13 1.23 1.10 1.06
Enterprise Value to Revenue (EV/Rev)		 8.42 8.12 7.41 3.61 5.91 9.35 9.61 9.91 10.37 8.82 8.22
Enterprise Value to EBITDA (EV/EBITDA)		 16.80 16.95 15.99 8.31 14.28 24.55 26.69 28.08 28.88 23.35 21.82
Enterprise Value to EBIT (EV/EBIT)		 20.67 20.28 19.47 10.08 17.90 32.15 35.01 37.25 38.18 29.89 28.03
Enterprise Value to NOPAT (EV/NOPAT)		 25.25 24.76 23.78 12.30 21.48 38.11 41.25 43.82 45.44 35.72 33.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.26 14.97 13.82 6.51 9.56 21.42 26.44 26.06 33.48 20.63 18.97
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 12.59 3.68 12.68 97.29 0.00 0.00 21.49 13.33
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.04 1.53 1.47 0.59 0.56 1.25 1.34 1.19 1.18 1.09 0.98
Long-Term Debt to Equity		 0.71 1.12 1.01 0.07 0.07 0.76 0.82 0.62 0.63 0.53 0.42
Financial Leverage		 0.69 0.97 1.04 0.62 0.79 1.39 1.40 0.91 0.88 1.17 1.15
Leverage Ratio		 8.73 9.20 9.31 9.70 9.27 9.21 9.12 9.19 8.91 8.70 8.52
Compound Leverage Factor		 8.73 9.20 9.31 9.70 9.27 9.21 9.12 9.19 8.91 8.70 8.52
Debt to Total Capital		 50.97% 60.46% 59.53% 37.25% 36.04% 55.64% 57.24% 54.26% 54.06% 52.16% 49.56%
Short-Term Debt to Total Capital		 16.31% 16.09% 18.76% 32.74% 31.49% 21.96% 22.21% 25.82% 25.33% 26.91% 28.22%
Long-Term Debt to Total Capital		 34.66% 44.37% 40.77% 4.51% 4.55% 33.68% 35.04% 28.44% 28.73% 25.26% 21.34%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 49.03% 39.54% 40.47% 62.75% 63.97% 44.36% 42.76% 45.75% 45.94% 47.84% 50.44%
Debt to EBITDA		 6.49 10.33 10.52 4.64 5.07 12.94 14.76 13.50 12.68 11.05 10.22
Net Debt to EBITDA		 5.60 6.80 7.95 0.09 1.03 10.32 11.95 10.03 9.84 8.02 7.52
Long-Term Debt to EBITDA		 4.41 7.58 7.21 0.56 0.64 7.83 9.04 7.08 6.74 5.35 4.40
Debt to NOPAT		 9.75 15.09 15.65 6.87 7.63 20.08 22.82 21.07 19.95 16.90 15.76
Net Debt to NOPAT		 8.42 9.93 11.83 0.14 1.56 16.02 18.47 15.66 15.49 12.27 11.60
Long-Term Debt to NOPAT		 6.63 11.07 10.72 0.83 0.96 12.15 13.97 11.04 10.60 8.18 6.79
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,344 -3,178 -2,534 47 1,132 422 -61 -2,462 -2,234 195 388
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% -1,322.35% 0.00% 0.00% 0.00% 1,451.99% 2,110.72%
Free Cash Flow to Firm to Interest Expense		 -63.94 -69.56 -33.61 0.48 10.57 3.74 -0.57 -22.51 -21.16 1.95 3.87
Operating Cash Flow to Interest Expense		 5.70 2.15 1.61 1.33 1.41 -0.50 0.58 1.37 0.97 0.52 0.86
Operating Cash Flow Less CapEx to Interest Expense		 5.70 2.15 1.61 1.33 1.41 -0.54 0.58 1.37 0.97 0.49 0.82
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 2.36 2.34 2.23 2.08 1.98 1.88 1.84 1.83 1.87 2.01 2.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,799 7,402 7,232 4,581 4,722 7,013 7,338 7,094 7,018 6,872 7,002
Invested Capital Turnover		 0.18 0.16 0.15 0.18 0.15 0.11 0.11 0.14 0.14 0.12 0.13
Increase / (Decrease) in Invested Capital		 1,424 3,240 2,589 5.69 -1,078 -390 106 2,513 2,296 -140 -336
Enterprise Value (EV)		 7,655 7,343 6,544 3,054 4,789 7,407 7,593 8,005 8,640 7,575 7,410
Market Capitalization		 5,101 4,397 3,290 3,019 4,442 4,293 4,193 5,144 5,695 4,972 4,855
Book Value per Share		 $25.67 $26.40 $26.40 $25.93 $27.24 $27.65 $27.67 $28.62 $28.43 $28.99 $31.12
Tangible Book Value per Share		 $16.40 $17.16 $17.18 $16.73 $18.06 $18.14 $18.26 $18.86 $18.71 $19.30 $20.67
Total Capital		 5,799 7,402 7,232 4,581 4,722 7,013 7,338 7,094 7,018 6,872 7,002
Total Debt		 2,956 4,475 4,306 1,706 1,701 3,902 4,201 3,849 3,794 3,585 3,470
Total Long-Term Debt		 2,010 3,284 2,949 207 215 2,362 2,571 2,017 2,016 1,736 1,494
Net Debt		 2,554 2,946 3,254 34 347 3,113 3,400 2,861 2,946 2,603 2,555
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 4.29 0.00 0.00 0.00 3.61 4.08
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,956 4,475 4,306 1,706 1,701 3,902 4,201 3,849 3,794 3,585 3,470
Total Depreciation and Amortization (D&A)		 13 17 21 13 16 21 18 16 19 19 22
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.72 $0.55 $0.50 $0.47 $0.49 $0.29 $0.39 $0.45 $0.55 $0.48 $0.45
Adjusted Weighted Average Basic Shares Outstanding		 110.76M 110.82M 110.87M 110.88M 110.86M 112.49M 113.39M 113.39M 113.17M 113.45M 116.89M
Adjusted Diluted Earnings per Share		 $0.72 $0.55 $0.50 $0.47 $0.49 $0.29 $0.39 $0.45 $0.55 $0.48 $0.45
Adjusted Weighted Average Diluted Shares Outstanding		 110.83M 110.88M 110.88M 110.89M 110.89M 112.55M 113.41M 113.47M 113.24M 113.55M 116.92M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 110.86M 110.87M 110.88M 110.88M 113.37M 113.39M 113.39M 113.40M 113.40M 113.52M 118.55M
Normalized Net Operating Profit after Tax (NOPAT)		 80 61 55 52 54 33 45 51 62 55 53
Normalized NOPAT Margin		 34.26% 28.59% 27.33% 26.58% 27.53% 16.61% 22.50% 23.75% 27.69% 24.51% 21.94%
Pre Tax Income Margin		 41.90% 34.39% 33.66% 32.53% 31.48% 18.52% 27.29% 28.95% 32.96% 28.52% 27.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.63 1.61 0.90 0.66 0.58 0.32 0.51 0.57 0.70 0.64 0.65
NOPAT to Interest Expense		 3.79 1.34 0.73 0.54 0.51 0.29 0.42 0.47 0.58 0.55 0.53
EBIT Less CapEx to Interest Expense		 4.63 1.61 0.90 0.66 0.58 0.28 0.51 0.57 0.70 0.60 0.61
NOPAT Less CapEx to Interest Expense		 3.79 1.34 0.73 0.54 0.51 0.25 0.42 0.47 0.58 0.51 0.48
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 51.96% 49.40% 53.26% 59.05% 65.80% 75.49% 80.15% 81.21% 78.91% 70.77% 68.19%
Augmented Payout Ratio		 51.96% 49.40% 53.26% 59.05% 65.80% 75.49% 80.15% 81.21% 78.91% 70.77% 68.19%

Key Financial Trends

Glacier Bancorp (GBCI) has demonstrated consistent financial performance over the past few years with steady growth in key metrics. Here is a summary of the key trends and noteworthy points based on the latest available quarterly financial data from Q1 2022 through Q1 2025.

  • Revenue Growth: Total revenue has generally increased over the past several years. For example, total revenue in Q1 2025 was $222.6 million, marginally down from $297.0 million in Q4 2024 but showing growth compared to earlier years where revenue was around $196-221 million in early 2024 and $199-235 million in 2023.
  • Net Interest Income Stability: Net interest income remains strong and steady, with Q1 2025 showing around $190 million. Although it dipped from Q4 2024’s $191.4 million, it is higher than some prior quarters, illustrating good earnings from core lending activities.
  • Consistent Net Income: Glacier Bancorp’s net income has been relatively stable, with $54.6 million reported in Q1 2025 and a peak of $61.7 million in Q4 2024. This represents solid profitability for the bank with EPS of $0.48 in Q1 2025, slightly below $0.55 in the prior quarter but consistent with historical levels.
  • Strong Capital Position: Total common equity increased steadily to $3.29 billion in Q1 2025 from about $2.77 billion in Q3 2022, indicating strengthening capital buffers.
  • Loan Growth and Credit Quality: Loans and leases net of allowance grew to $17.0 billion in Q1 2025 from $15.3 billion in Q1 2023, indicating loan portfolio growth. The allowance for loan losses has also increased appropriately, supporting prudent risk management.
  • Healthy Operating Cash Flows: Net cash provided by operating activities in recent quarters remains positive, with $52.4 million in Q1 2025, showing the company generates good cash flow from its core operations.
  • Volatility in Non-Interest Income: Non-interest income, including service charges and capital gains, exhibited some fluctuations quarter-to-quarter but remains a moderate share of total revenue.
  • Dividend Consistency: Glacier Bancorp consistently pays a quarterly dividend of $0.33 per share, which shows commitment to returning capital but could pressure cash flow.
  • Increasing Interest Expenses: Interest expenses have generally increased over time, reaching about $99.9 million in Q1 2025 up from $21 million back in Q4 2022. This rise, driven in part by federal funds and deposit interest, could pressure net interest margins if not managed carefully.
  • Rising Non-Interest Expenses: Salaries, benefits, and other non-interest expenses have increased, totaling $151.3 million in Q1 2025 compared to around $129-134 million in earlier years. This could affect profitability unless offset by revenue growth.

Summary: Glacier Bancorp has shown solid earnings growth, stable loan portfolio expansion, and strong capital position over the past several years. However, the bank faces rising interest and non-interest expenses that may compress margins if revenue growth stalls. Steady dividend payments and positive operating cash flows underscore financial stability, making it an attractive bank for investors focusing on steady performance with manageable risks.

08/02/25 02:51 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Glacier Bancorp's Financials

When does Glacier Bancorp's fiscal year end?

According to the most recent income statement we have on file, Glacier Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Glacier Bancorp's net income changed over the last 10 years?

Glacier Bancorp's net income appears to be on an upward trend, with a most recent value of $190.14 million in 2024, rising from $112.76 million in 2014. The previous period was $222.93 million in 2023. View Glacier Bancorp's forecast to see where analysts expect Glacier Bancorp to go next.

How has Glacier Bancorp's revenue changed over the last 10 years?

Over the last 10 years, Glacier Bancorp's total revenue changed from $363.26 million in 2014 to $833.08 million in 2024, a change of 129.3%.

How much debt does Glacier Bancorp have?

Glacier Bancorp's total liabilities were at $24.68 billion at the end of 2024, a 0.2% decrease from 2023, and a 239.1% increase since 2014.

How much cash does Glacier Bancorp have?

In the past 10 years, Glacier Bancorp's cash and equivalents has ranged from $117.14 million in 2015 to $300.19 million in 2022, and is currently $268.75 million as of their latest financial filing in 2024.

How has Glacier Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, Glacier Bancorp's book value per share changed from 13.70 in 2014 to 28.43 in 2024, a change of 107.5%.


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This page (NYSE:GBCI) was last updated on 8/2/2025 by MarketBeat.com Staff
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