Glacier Bancorp (GBCI) Financials

$47.96 -1.10 (-2.24%)

As of 03:58 PM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

Glacier Bancorp (NASDAQ: GBCI) has demonstrated steady growth and solid financial performance over the past several years through Q2 2025. Here's a summary highlighting key trends and notable developments from its recent financial statements:

Consistent Earnings Growth: Net income has steadily increased from approximately $76.4 million in Q2 2022 to $52.8 million in Q2 2025, with quarterly earnings per share (diluted) around $0.45 in Q2 2025, showing fairly stable profitability.
Strong Net Interest Income: Net interest income grew from $193.4 million in Q2 2022 to $207.6 million in Q2 2025, reflecting robust core banking operations and effective asset-liability management.
Expanding Loan Portfolio: Gross loans and leases increased consistently from approximately $14.4 billion in Q2 2022 to over $18.5 billion in Q2 2025, signaling growth in lending activities.
Solid Deposit Base Growth: Total deposits have increased, though with some quarterly fluctuations. Interest-bearing deposits were $15.0 billion in Q2 2025, compared to about $13.7 billion in Q2 2022, supporting asset growth.
Healthy Operating Cash Flow: Net cash from operating activities was $86.0 million in Q2 2025 and has generally remained positive and substantial, highlighting steady operational efficiency.
Stable Dividend Policy: The company consistently paid $0.33 per share in quarterly dividends over multiple periods, indicating a commitment to returning value to shareholders with stable payout.
Consistent Non-Interest Income: Non-interest income like service charges and capital gains remained stable around the $30 million to $35 million range, adding diversification to revenue sources.
Rising Provision for Loan Losses: Provisions for credit losses increased from a net release of credit losses in Q2 2022 (-$1.5 million) to a charge of $20.3 million in Q2 2025. This raises caution about potential credit risks or strengthening reserve buffers.
Higher Interest Expense: Interest expense rose from about $6.2 million in Q2 2022 to around $100.5 million by Q2 2025, mainly driven by increases in deposits interest and federal funds purchased. This puts some pressure on net interest margins.
Debt Activity Fluctuations: The company has significant debt repayments and issuances affecting cash flows. For example, Q2 2025 saw $301 million net cash used in financing activities, largely due to substantial debt repayments, indicating active balance sheet management but potential liquidity uses.

Overall Analysis: Glacier Bancorp shows a generally positive financial trajectory with growth in loans, deposits, and net interest income supporting improved profitability. The consistent dividend is appealing to income-focused investors. However, increasing provision expenses and rising interest costs warrant attention, as they could impact future earnings. Active debt management reflects strategic financing but requires monitoring for liquidity effects.

Investors should consider these trends in the context of the broader economic environment and the banking sector dynamics. Glacier Bancorp’s performance suggests it is well-positioned for sustainable earnings growth, but with some risk factors related to credit quality and funding costs emerging.

10/15/25 05:59 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Glacier Bancorp's Financials

When does Glacier Bancorp's financial year end?

According to the most recent income statement we have on file, Glacier Bancorp's fiscal year ends in December. Their fiscal 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. Check out Glacier Bancorp's forecast to explore projected trends and price targets.

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 10/15/2025 by MarketBeat.com Staff

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Glacier Bancorp (GBCI) Financials

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Glacier Bancorp (GBCI) Financials

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