Glacier Bancorp's Q1 net income jumps 51%

Glacier Bancorp

23/04/2026 21:40

Overview

U.S. regional bank's Q1 net income rose 29% sequentially and 51% yr/yr

Diluted EPS for Q1 increased 29% from prior quarter and 31% yr/yr

Company completed Guaranty Bancshares core system conversion after acquisition

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

NET INTEREST MARGIN EXPANSION - Co said higher net interest margin was driven by increased loan yields and lower funding costs

LOAN AND DEPOSIT GROWTH - Modest increases in loan and deposit portfolios contributed to results

ACQUISITION-RELATED EXPENSES - Higher non-interest expenses were mainly due to costs from recent acquisitions

Company press release: ID:nGNX3K39fd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.63
Q1 Net Income
$82.14 mln
Q1 Net Interest Income
$269 mln
Q1 Net Interest Margin
3.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Glacier Bancorp Inc is $56.50, about 15.6% above its April 22 closing price of $48.86

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)