Glacier Bancorp rises after $476 million deal for Guaranty Bancshares

Glacier Bancorp

25/06/2025 19:23

** Regional lender Glacier Bancorp's GBCI.N shares rise 1.8% to $42.90

** GBCI will buy Texas-based Guaranty Bancshares GNTY.N in a $476.2 million all-stock deal

** Guaranty shareholders will receive 1 share of Glacier stock for each Guaranty share held, representing $41.58 apiece

** GBCI will expand its presence in the Southwest U.S. and enter Texas with the acquisition

** Transaction expected to close in Q4 2025

** Raymond James says it had long expected GBCI to enter the Lone Star State, adding the deal should provide significant runway for the bank going forward

** Says it is also financially compelling for GBCI given the transaction is a no-premium deal

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))