KALISPELL, Mont., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (the “Company”) (NYSE: GBCI) today announced that after 20 years with the Company, Ron Copher intends to retire from his role as the Company’s Executive Vice President and Chief Financial Officer (“CFO”). Mr. Copher will continue to serve as CFO until a successor is appointed by the Company’s Board of Directors and will serve in an advisory role for a period of time thereafter to ensure a smooth transition. “Ron Copher has been an exc ...

Core Insights - The company experienced significant growth in net interest margin and net interest income, driven by higher loan yields and lower funding costs [1][2] - 2025 was characterized as a transformative year due to two major acquisitions, record balance sheet growth, and improved profitability metrics [7] Financial Performance - Loan yield increased to 6.09%, up 12 basis points from the previous quarter, while total earning asset yield rose to 5.00%, up 14 basis points sequentially [1] - Tax-equivalent net interest margin reached 3.58%, a 19 basis point increase from the prior quarter and a 61 basis point increase year over year [2] - Net interest income for the quarter was $266 million, up $41 million or 18% sequentially, and $889 million for the full year, up $184 million or 26% year over year [2] - Diluted earnings per share were $0.49 for the quarter and $1.99 for the full year, representing an 18% increase year over year [4] Balance Sheet and Growth - Total assets exceeded $30 billion during the quarter, ending the year at $32 billion, with loans totaling $21 billion, an increase of $2 billion or 11% from the prior quarter [3] - Deposits reached $24.6 billion, increasing $2.7 billion or 12% sequentially [3] Acquisitions and Integration - The company completed two acquisitions in 2025, including Bank of Idaho and Guaranty Bank & Trust, expanding its footprint in Idaho and Texas [6][7] - The integration of Guaranty Bank & Trust is expected to yield cost savings post-conversion in February [18] Expense Management - Non-interest expense totaled $195 million for the quarter, up 16% from the prior quarter, primarily due to acquisition-related costs [9] - Core operating non-interest expense guidance for 2026 is set between $750 million and $766 million [12] Efficiency and Credit Quality - The efficiency ratio improved from 66.7% at the beginning of 2025 to 63% by year-end, with a target of reaching 54% to 55% efficiency [13] - Credit quality remains strong, with non-performing assets at 22 basis points of total assets and net charge-offs at 6 basis points of total loans for the year [16] Future Outlook - The company anticipates reaching a 4% net interest margin in the second half of 2026, supported by asset repricing [8] - Loan growth is targeted at low- to mid-single-digit percentages in 2026, with a strong early-year pipeline [14]

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].

Core Insights - The company reported a net income of $63.8 million for Q4 2025, a decrease of 6% from the previous quarter but an increase of 3% year-over-year [2][4] - The company completed the acquisition of Guaranty Bancshares, Inc. on October 1, 2025, expanding its presence in Texas [2][5] - Total assets reached $31.978 billion by the end of 2025, marking a significant growth from the previous year [9][10] Financial Summary - Net interest income for Q4 2025 was $266 million, an increase of 18% from Q3 2025 and 39% from Q4 2024 [2][25] - Diluted earnings per share for Q4 2025 was $0.49, down 14% from the prior quarter but up 9% from the prior year [2][3] - Total deposits increased to $24.591 billion, a rise of 12% from the previous quarter and 20% year-over-year [2][17] Loan and Deposit Growth - The loan portfolio grew to $20.928 billion, an increase of 11% from the previous quarter and 21% for the year [10][17] - Non-interest bearing deposits reached $7.315 billion, up 10% from the prior quarter and 19% year-over-year [18][19] - The company achieved a loan yield of 6.09% in Q4 2025, an increase from both the previous quarter and the prior year [2][27] Credit Quality - Non-performing assets totaled $68.9 million, an increase of 27% from the prior quarter and 148% year-over-year [11][12] - The allowance for credit losses was 1.22% of total loans, consistent with the previous quarter and slightly up from the prior year [13][14] - Early stage delinquencies increased to $78.8 million, reflecting a rise from both the prior quarter and year [12][13] Acquisitions and Strategic Growth - The company completed the acquisition of Bank of Idaho on April 30, 2025, which had total assets of $1.364 billion [6][7] - The acquisition of Guaranty added 33 bank locations across Texas, enhancing the company's market presence [5][6] - The company emphasized disciplined growth and service excellence as key strategies moving forward [4][5]

Group 1 - The core focus of Crude Value Insights is on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers benefit from a 50+ stock model account, which provides a comprehensive analysis of cash flow for exploration and production (E&P) firms [1] - The service includes live chat discussions about the sector, fostering a community for investors interested in oil and gas [1] Group 2 - A two-week free trial is available for new subscribers, encouraging engagement with the oil and gas investment community [2]