Management said higher loan yields and lower funding costs contributed to the improvement. The quarter’s loan yield was 6.09%, up 12 basis points from the prior quarter, while the total earning asset yield was 5.00%, up 14 basis points sequentially. Total cost of funding, including non-interest-bearing deposits, was 1.52%, down 6 basis points from the prior quarter and down 19 basis points from the prior-year quarter.The company emphasized progress in net interest margin, with the tax-equivalent net interes ...

Financial Data and Key Metrics Changes - Total assets exceeded $30 billion, ending the year at $32 billion, a record for the company [3] - Net income for the quarter was $63.8 million, with a total net income for 2025 of $239 million, an increase of $48.9 million, or 26% from the prior year [3][4] - Pre-Tax Pre-Provision Net Revenues of $362 million for 2025 increased $107 million, or 42% over the prior year [4] - Diluted Earnings Per Share for 2025 was $1.99, an increase of $0.31 per share, or 18% from the prior year [4] - Total deposits increased by $4 billion, or 20%, during 2025, reaching $24.6 billion [4] Business Line Data and Key Metrics Changes - Net Interest Income for the quarter was $266 million, an increase of $41 million, or 18% from the prior quarter [4] - The loan portfolio increased to $21 billion at the end of 2025, up $3.7 billion, or 21% from the prior year [4] - Non-interest income for the quarter totaled $40 million, an increase of $5 million, or 14%, over the prior quarter [7] Market Data and Key Metrics Changes - The net interest margin for the quarter was 3.58%, an increase of 19 basis points from the prior quarter [5] - The loan yield for the quarter was 6.09%, an increase of 12 basis points from the prior quarter [5] Company Strategy and Development Direction - The company successfully closed two strategic acquisitions in 2025, expanding its footprint in Idaho and Texas, which align with its long-term growth strategy [2] - The company aims to achieve a net interest margin of 4% by the second half of 2026, driven by structural repricing drivers [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in growth despite a slower organic growth rate of about 1% annualized, citing a record level of loan pipeline early in the year [15][16] - The company is optimistic about the integration of Guaranty Bank & Trust, expecting it to contribute meaningfully to production [17][66] Other Important Information - The efficiency ratio improved from 66.7% at the beginning of the year to 63% [7] - Non-Performing Assets remained low at 22 basis points of total assets, reflecting strong credit quality [8] - The company declared its 163rd consecutive quarterly dividend of $0.33 per share [8] Q&A Session Summary Question: Organic growth and loan side performance - Management acknowledged a slower organic growth rate but noted a record loan pipeline and expected stronger growth in 2026 [15][16] Question: Margin trajectory and dependence on Fed cuts - Management confirmed that margin growth is not dependent on Fed cuts and expects to reach a 4% margin by the second half of 2026 [19] Question: Expense run rate and investments - Management provided guidance for core non-interest expenses and indicated a typical pattern of expense management throughout the year [21][31] Question: Integration of Guaranty Bank & Trust - Management reported a smooth integration process with minimal disruption and expressed excitement about the growth potential in Texas [66] Question: Future margin expansion and loan pricing - Management indicated that they expect continued margin expansion and are seeing good spreads on new loan production [32][44]

Financial Data and Key Metrics Changes - Total assets exceeded $30 billion, ending the year at $32 billion, a record for the company [3] - Net income for 2025 was $239 million, an increase of $48.9 million, or 26% from the prior year [3][4] - Diluted earnings per share for 2025 was $1.99, an increase of $0.31 per share, or 18% from the prior year [4] - Pre-tax, pre-provision net revenues of $362 million for 2025 increased $107 million, or 42% over the prior year [4] - Net interest income for 2025 was $889 million, an increase of $184 million, or 26% from the prior year [4] Business Line Data and Key Metrics Changes - The loan portfolio increased to $21 billion at the end of 2025, up $3.7 billion, or 21% from the prior year [4] - Total deposits reached $24.6 billion, an increase of $4 billion, or 20%, during 2025 [4] - Non-interest income for the quarter totaled $40 million, an increase of $5 million, or 14%, over the prior quarter [7] Market Data and Key Metrics Changes - The net interest margin for the quarter was 3.58%, an increase of 19 basis points from the prior quarter [5] - The loan yield for the quarter was 6.09%, an increase of 12 basis points from the prior quarter [5] - The cost of funding decreased to 1.52%, down 6 basis points from the prior quarter [6] Company Strategy and Development Direction - The company successfully closed two strategic acquisitions in 2025, expanding its footprint in Idaho and Texas [2] - The focus is on integrating Guaranty Bank & Trust and leveraging its market position for future growth [65] - The company aims to achieve a net interest margin of 4% by the second half of 2026, driven by structural repricing [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in growth despite a slower organic growth rate of about 1% annualized [13] - The company anticipates low- to mid-single-digit growth for 2026, with a record level of loan pipeline early in the year [15] - Management highlighted a strong capital position and a commitment to shareholder returns through consistent dividends [8] Other Important Information - Non-performing assets remained low at 22 basis points of total assets, reflecting strong credit quality [8] - The efficiency ratio improved from 66.7% at the beginning of the year to 63% [7] - The company declared its 163rd consecutive quarterly dividend of $0.33 per share [8] Q&A Session Summary Question: Organic growth and loan side performance - Management acknowledged a slower organic growth rate but expressed confidence in future growth, particularly with the Guaranty integration [13][15] Question: Margin trajectory and Fed dependency - Management confirmed that margin growth is not dependent on Fed actions and expects to reach a 4% margin by late 2026 [19] Question: Expense run rate and investments - The core non-interest expense for the first quarter is guided at $189 million - $193 million, with expectations for moderation in subsequent quarters [21][31] Question: Integration of Guaranty Bank & Trust - Integration is proceeding smoothly, with a focus on maintaining leadership and minimizing disruption [65][66] Question: Future M&A outlook - Management is optimistic about future M&A opportunities while remaining disciplined in their approach [55] Question: Loan pricing and competition - Current loan pricing is favorable, with good spreads observed, and management is optimistic about maintaining this trend [35][44] Question: Cash flow from securities - Expected cash flow from the securities book is approximately $425 million per quarter for 2026 [45] Question: Net charge-offs and credit quality - Net charge-offs are considered normal for year-end cleanup, with no unusual items reported [78]

Financial Data and Key Metrics Changes - Total assets exceeded $30 billion, ending the year at $32 billion, a record for the company [3] - Net income for Q4 was $63.8 million, with a total net income of $239 million for 2025, an increase of $48.9 million, or 26% from the prior year [3][4] - Pre-Tax Pre-Provision Net Revenues for 2025 were $362 million, an increase of $107 million, or 42% over the prior year [4] - Diluted Earnings Per Share for Q4 was $0.49, and for 2025 was $1.99, an increase of $0.31 per share, or 18% from the prior year [4] - Net Interest Income for Q4 was $266 million, up $41 million, or 18% from the prior quarter, and for 2025 was $889 million, an increase of $184 million, or 26% from the prior year [4] Business Line Data and Key Metrics Changes - The loan portfolio at the end of 2025 was $21 billion, increasing $3.7 billion, or 21% for the year [4] - Total deposits reached $24.6 billion, increasing $4 billion, or 20% during 2025 [4] - Non-interest income for Q4 totaled $40 million, an increase of $5 million, or 14% over the prior quarter, and up 28% over the prior year [6] Market Data and Key Metrics Changes - Non-Performing Assets remained low at 22 basis points of total assets, with a slight increase from the prior quarter [7] - Net charge-offs were 6 basis points of total loans for the year, compared to 8 basis points in the prior year [7] Company Strategy and Development Direction - The company successfully closed two strategic acquisitions in 2025, expanding its footprint in Idaho and Texas, which are seen as markets with strong growth potential [2][3] - The company aims to continue its disciplined approach to increasing net interest margin and improving efficiency ratios [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth, citing a record level of loan pipeline early in 2026 and expectations for low- to mid-single-digit growth for the year [15] - The company anticipates achieving a net interest margin of 4% by the second half of 2026, driven by structural repricing drivers [18][70] Other Important Information - The efficiency ratio improved from 66.7% at the beginning of the year to 63% [6] - Tangible stockholders' equity increased by $609 million, or 29%, in 2025, with tangible book value per share rising to $21, up 12% year-over-year [8] Q&A Session Summary Question: Organic growth and loan side performance - Management acknowledged a slower organic growth rate of about 1% annualized but noted a record level of loan pipeline early in 2026, with expectations for growth to improve as the year progresses [13][15] Question: Margin trajectory and expectations - Management confirmed that the net interest margin is on track to reach 4% by the second half of 2026, with confidence in continued growth independent of Federal Reserve actions [18][70] Question: Expense run rate and trends - The core non-interest expense for Q1 is guided at $189-$193 million, with expectations for moderation in subsequent quarters [31][74] Question: Integration of Guaranty Bank & Trust - Management reported a smooth integration process for Guaranty Bank & Trust, emphasizing the retention of leadership and culture, which is expected to enhance performance in the Texas market [66][68]

Core Insights - Glacier Bancorp (GBCI) reported a revenue of $306.51 million for the quarter ended December 2025, reflecting a year-over-year increase of 37.5% [1] - The earnings per share (EPS) for the quarter was $0.49, down from $0.54 in the same quarter last year, indicating a decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $305.55 million by 0.32%, while the EPS fell short of the consensus estimate of $0.59 by 17.3% [1] Financial Performance Metrics - The efficiency ratio for the quarter was 61%, slightly higher than the estimated 60.4% by analysts [4] - The net interest margin (tax-equivalent) was reported at 3.6%, matching the average estimate from analysts [4] - Non-accrual loans amounted to $62.49 million, exceeding the average estimate of $50.6 million [4] - Total non-performing assets reached $68.9 million, higher than the average estimate of $56.19 million [4] - Average balances of total earning assets were $29.84 billion, slightly above the estimated $29.81 billion [4] - Total non-interest income was reported at $40.45 million, surpassing the average estimate of $38.98 million [4] - Net interest income was $266.07 million, slightly above the average estimate of $265.51 million [4] - Gain on sale of loans was $4.59 million, below the average estimate of $5.45 million [4] - Net interest income (tax-equivalent) was reported at $269.62 million, marginally below the estimated $269.65 million [4] Stock Performance - Shares of Glacier Bancorp have returned +8.5% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of +0.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Glacier Bancorp (GBCI) reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.59 per share, and down from $0.54 per share a year ago, representing an earnings surprise of -17.30% [1] - The company posted revenues of $306.51 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.32%, and up from $222.99 million year-over-year [2] - The stock has gained approximately 12.8% since the beginning of the year, outperforming the S&P 500's gain of 0.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.69 on revenues of $308.35 million, and for the current fiscal year, it is $3.16 on revenues of $1.3 billion [7] - The estimate revisions trend for Glacier Bancorp was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - West is currently in the top 33% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - The company reported net income of $63.8 million for Q4 2025, a decrease of $4.1 million, or 6%, from Q3 2025, but an increase of $2.0 million, or 3%, from Q4 2024[1]. - Diluted earnings per share for Q4 2025 was $0.49, a decrease of $0.08 per share, or 14%, from Q3 2025, and a decrease of $0.05 per share, or 9%, from Q4 2024[1]. - For the year 2025, net income was $239 million, an increase of $48.9 million, or 26%, from the prior year[2]. - The effective tax rate for the current quarter was 16.4 percent, down from 20.4 percent in the prior quarter, reflecting a decrease in pre-tax income[35]. - Net income for the year ended December 31, 2025, was $239.03 million, up 25.7% from $190.14 million in 2024[55]. Asset and Deposit Growth - The company's total assets exceeded $30 billion, ending the year at $31.978 billion[1]. - Total deposits reached $24.591 billion at December 31, 2025, an increase of $2.720 billion, or 12%, from the prior quarter[1]. - Total assets increased to $31.98 billion as of December 31, 2025, up from $29.02 billion in the previous quarter, representing a 10.1% increase year-over-year[53]. - Total liabilities increased to $27.76 billion, up from $24.68 billion year-over-year, reflecting a 12.4% growth[53]. - Total stockholders' equity increased to $4.21 billion, a 30.8% increase from $3.22 billion in the previous year[53]. Loan Portfolio - The loan portfolio increased to $20.928 billion at December 31, 2025, an increase of $2.137 billion, or 11%, from the prior quarter[1]. - Total loans receivable reached $20.93 billion, an increase of 21.5% from $17.26 billion year-over-year[53]. - Total loans increased to $20,988,722 thousand for the three months ended December 31, 2025, up from $18,678,194 thousand in the previous quarter, representing a growth of 12.5%[57]. - The average yield on total loans improved to 6.09% for the three months ended December 31, 2025, compared to 5.97% in the previous quarter[57]. - The average yield on total loans increased to 5.93% in 2025 from 5.61% in 2024, indicating improved loan performance and interest income generation[63]. Interest Income and Margin - Net interest income for Q4 2025 was $266 million, an increase of $40.7 million, or 18%, from Q3 2025, and an increase of $74.6 million, or 39%, from Q4 2024[1]. - Interest income reached $373 million, up $47.8 million, or 15%, from the prior quarter and $75.8 million, or 26%, from the prior year fourth quarter, attributed to higher loan yields[27]. - The net interest margin for Q4 2025 was 3.58%, an increase of 19 basis points from Q3 2025 and an increase of 61 basis points from Q4 2024[1]. - The net interest margin (tax-equivalent) improved to 3.32% in 2025 from 2.77% in 2024, showcasing enhanced profitability from earning assets[63]. - The net interest margin (tax-equivalent) improved to 3.58% for the three months ended December 31, 2025, compared to 3.39% in the previous quarter[57]. Non-Interest Income and Expenses - Non-interest income totaled $40.4 million, a rise of $5.1 million, or 14%, from the prior quarter and $8.9 million, or 28%, from the prior year fourth quarter[30]. - Total non-interest expense was $195 million, an increase of $26.8 million, or 16%, from the prior quarter and $53.6 million, or 38%, from the prior year fourth quarter, primarily due to acquisition-related costs[31]. - Total non-interest income totaled $141 million for 2025, a 10% increase from the prior year, with service charges and fees contributing $85.1 million, up 8%[43]. - Total non-interest expense was $669 million for 2025, an increase of $90.3 million, or 16%, primarily due to costs associated with recent acquisitions[44]. Credit Quality and Allowance for Losses - Non-performing assets were $68.9 million, increasing by $14.6 million, or 27 percent, over the prior quarter and $41.1 million, or 148 percent, over the prior year end[11]. - The allowance for credit losses increased to $255.3 million, representing 1.22 percent of total loans, compared to 1.19 percent at December 31, 2024[11]. - The provision for credit losses for the current quarter was $35.7 million, including $25.6 million on loans and $1.6 million on unfunded loan commitments[13]. - Provision for credit losses rose to $35.66 million in Q4 2025, compared to $8.53 million in Q4 2024, indicating increased caution in credit risk management[55]. - The provision for credit losses was $71.4 million for 2025, an increase of $43.1 million, or 152%, largely due to acquisitions[45]. Acquisitions - The company completed the acquisition of Guaranty Bancshares, Inc. on October 1, 2025, which had total assets of $3.357 billion[1][5]. - The company also completed the acquisition of Bank of Idaho Holding Co. on April 30, 2025, which had total assets of $1.364 billion[6]. Future Outlook and Risks - The company anticipates potential risks from changes in economic conditions, regulatory changes, and competition that could impact future performance[48]. - A conference call for investors is scheduled for January 23, 2026, to discuss further details and outlook[50].

4th Quarter 2025 Highlights: On October 1, 2025 the Company completed the acquisition of Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”). The acquisition expanded the Company’s southwest presence and is its first entrance into the state of Texas. Guaranty had total assets of $3.357 billion as of the acquisition date.Including the $36.0 million of expenses related to the current year acquisitions, net income was $63.8 million for the current quar ...

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Core Insights - Glacier Bancorp (GBCI) is expected to report quarterly earnings of $0.59 per share, reflecting a year-over-year increase of 9.3% [1] - Anticipated revenues are projected to be $305.55 million, representing a 37% increase compared to the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 0.5%, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics - The consensus estimate for the Efficiency Ratio is 60.4%, slightly down from 60.5% a year ago [4] - Analysts estimate Non-accrual loans at $50.60 million, up from $20.45 million in the same quarter last year [5] - Total non-performing assets are expected to be $56.19 million, compared to $27.79 million reported in the same quarter last year [5] - Average Balances - Total earning assets are projected to reach $29.81 billion, up from $26.20 billion a year ago [6] - Total Non-Interest Income is expected to be $38.98 million, compared to $31.55 million in the same quarter last year [6] - Net Interest Income is anticipated to be $265.51 million, significantly higher than $191.44 million reported in the same quarter last year [7] - Gain on sale of loans is projected at $5.45 million, up from $3.93 million a year ago [7] - Net interest income (tax-equivalent) is estimated at $269.65 million, compared to $195.45 million in the same quarter last year [8] Stock Performance - Over the past month, Glacier Bancorp shares have increased by 6.9%, outperforming the Zacks S&P 500 composite, which saw a 2% change [8] - GBCI holds a Zacks Rank of 3 (Hold), suggesting its performance is likely to align with the overall market in the near term [8]