GLACIER BANCORP, INC. (GBCI) Earnings History

GLACIER BANCORP, INC. - Q4 2025 Earnings

Filed at: Jan 22, 2026, 4:46 PM EST|Read from source

EXECUTIVE SUMMARY

Glacier Bancorp reported strong full-year 2025 performance with a 26% increase in net income, driven by robust margin expansion and double-digit loan and deposit growth, bolstered by two strategic acquisitions that expanded its geographic footprint.

POSITIVE HIGHLIGHTS

  • •

    Net income for 2025 was $239 million, an increase of $48.9 million, or 26 percent, from the prior year.

    positive
  • •

    Diluted earnings per share for 2025 was $1.99 per share, an increase of 18 percent from the prior year.

    positive
  • •

    Net interest income for 2025 increased $184 million, or 26 percent, from the prior year.

    positive
  • •

    The net interest margin for 2025 was 3.32 percent, a 55 basis points increase from the prior year.

    positive
  • •

    Completed two acquisitions (Bank of Idaho and Guaranty Bancshares) expanding geographic presence into Texas and strengthening existing markets.

    positive
  • •

    Total assets exceeded $30 billion during the current quarter, ending the year at $31.978 billion.

    positive
  • •

    Loan portfolio increased $3.666 billion, or 21 percent, during 2025.

    positive
  • •

    Total deposits increased $4.044 billion, or 20 percent, during 2025.

    positive
  • •

    The Company declared a quarterly dividend of $0.33 per share, marking its 163rd consecutive regular dividend.

    positive

CONCERNS & RISKS

  • •

    Net income for the current quarter decreased 6% from the prior quarter ($63.8M vs $67.9M).

    attention
  • •

    Diluted earnings per share for the current quarter decreased 14% from the prior quarter ($0.49 vs $0.57).

    attention
  • •

    Non-performing assets increased 148% over the prior year end ($68.9M vs $27.8M).

    negative
  • •

    Early stage delinquencies increased significantly from the prior quarter and prior year.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$306.51M
+37.5%
Prior year: $222.99M
Annual (YTD)
$1.03B
N/A
Prior year: $833.08M
Net Income
Quarterly
$63.78M
+3.3%
Prior year: $61.75M
Annual (YTD)
$239.03M
N/A
Prior year: $190.14M
EPS (Diluted)
Quarterly
$0.49
-9.3%
Prior year: $0.54
Annual (YTD)
$1.99
N/A
Prior year: $1.68
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$0.49
-9.3%
Prior year: $0.54
Annual (YTD)
$2.00
N/A
Prior year: $1.68

MARGIN ANALYSIS

Net Margin
Current Quarter
20.8%
Prior Year
27.7%
YoY Change
-692 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

SPECIAL ITEMS & ADJUSTMENTS

Q4 2025
Credit loss expense from acquisition of Guaranty
+$27.2M
Q4 2025
Acquisition-related expenses
+$5.8M
Q4 2025
Expenses related to vacating branch locations
+$3M
Q4 2025
Income related to bank owned life insurance proceeds
+$1.4M
Q4 2025
Reduction of expense related to a prior year FDIC special assessment
+$0.827M
Total Impact
+$38.227M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Glacier Bancorp delivered another year of strong performance, marked by a 26 percent increase in earnings and significant strategic progress.

— GLACIER BANCORP, INC., Q4 2025 2025 Earnings Call

In 2025, we expanded our footprint with the acquisitions of Bank of Idaho and Guaranty Bank & Trust, strengthening our presence in high-growth markets and positioning us for continued success.

— GLACIER BANCORP, INC., Q4 2025 2025 Earnings Call

We achieved robust margin expansion, double-digit loan and deposit growth, and maintained excellent credit quality.

— GLACIER BANCORP, INC., Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Number of ATMs
337
+18.7% YoY
Prior year: 284
ATMs
Number of full time equivalent employees
4.1K
+18.8% YoY
Prior year: 3.4K
employees
Number of locations
281
+23.8% YoY
Prior year: 227
locations

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.