Glacier Bancorp Stock Earnings Reports

Glacier Bancorp reported a strong start to 2026 with Q1 net income of $82.1 million, up 29% sequentially and 51% year-over-year. Diluted EPS was $0.63 (operating EPS $0.70). Key drivers were sustained margin expansion (NIM of 3.80%, +22 bps QoQ and +76 bps YoY), modest loan growth ($21.0B, +2% annualized QoQ) with notable strength in the Southwest (Arizona and Texas growing >7% annualized), and deposit growth (total deposits $24.7B, noninterest-bearing deposits $7.4B). Funding costs continued to decline (total cost of funding 1.40%, -12 bps QoQ). Credit metrics remain healthy (nonperforming assets 25 bps of assets; net charge-offs 2 bps of loans; allowance 1.22% of loans). The Guaranty Bank acquisition conversion completed successfully. Management reiterated core operating expense guidance ($750M–$766M for the year) and remains committed to reaching a core efficiency ratio target of 54%–55% by year-end. Management expects continued margin lift driven increasingly by asset-side repricing (about $3B of loans repricing over the next 12 months, expected to earn an incremental 75–100 bps) while deposit-cost improvements may be limited given the Fed on hold. They plan to deploy excess liquidity into securities in H2 and expect to accumulate capital (potentially ~75–80 bps CET1 benefit if proposed regulatory changes are finalized). The dividend ($0.33) was maintained (164th consecutive quarterly dividend), and management expects the payout ratio to decline below 50% in coming quarters.