Glacier Bancorp Inc Financials

GBCI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Glacier Bancorp Inc (GBCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Glacier Bancorp Inc's revenue grew 6.2% year-over-year to $94.0M, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

Glacier Bancorp Inc has elevated debt relative to equity (D/E of 7.66), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Glacier Bancorp Inc converts 223.1% of revenue into free cash flow ($209.8M). This strong cash generation earns a score of 100/100.

Returns

Glacier Bancorp Inc generates a 5.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 7.4% the prior year.

Piotroski F-Score Neutral

4/9

Glacier Bancorp Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.36x

For every $1 of reported earnings, Glacier Bancorp Inc generates $1.36 in operating cash flow ($258.0M OCF vs $190.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$94.0M

YoY+6.2%

5Y CAGR+6.1%

10Y CAGR-11.0%

Glacier Bancorp Inc generated $94.0M in revenue in fiscal year 2024. This represents an increase of 6.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$209.8M

YoY-53.5%

10Y CAGR+2.2%

Glacier Bancorp Inc generated $209.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 53.5% from the prior year.

Net Income

$190.1M

YoY-14.7%

5Y CAGR-2.0%

10Y CAGR+5.4%

Glacier Bancorp Inc reported $190.1M in net income in fiscal year 2024. This represents a decrease of 14.7% from the prior year.

EPS (Diluted)

$1.68

YoY-16.4%

5Y CAGR-6.7%

10Y CAGR+1.1%

Glacier Bancorp Inc earned $1.68 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 16.4% from the prior year.

Cash & Debt

$848.4M

YoY-37.4%

5Y CAGR+20.7%

10Y CAGR+6.7%

Glacier Bancorp Inc held $848.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.32

YoY+0.0%

5Y CAGR+0.2%

10Y CAGR+3.0%

Glacier Bancorp Inc paid $1.32 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

113M

YoY+2.3%

5Y CAGR+4.2%

10Y CAGR+4.2%

Glacier Bancorp Inc had 113M shares outstanding in fiscal year 2024. This represents an increase of 2.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

202.3%

YoY-49.5pp

5Y CAGR-99.0pp

10Y CAGR+164.7pp

Glacier Bancorp Inc's net profit margin was 202.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 49.5 percentage points from the prior year.

Return on Equity

5.9%

YoY-1.5pp

5Y CAGR-4.8pp

10Y CAGR-5.1pp

Glacier Bancorp Inc's ROE was 5.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$48.3M

YoY-2.5%

10Y CAGR+12.9%

Glacier Bancorp Inc invested $48.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.5% from the prior year.

GBCI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$94.0M+6.2%	$88.5M+6.9%	$82.8M+27.1%	$65.2M+19.6%	$54.5M-22.0%	$69.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$435.2M+33.5%	$326.0M+690.0%	$41.3M+122.3%	$18.6M-32.1%	$27.3M-36.1%	$42.8M
Income Tax	$36.2M-19.1%	$44.7M-33.4%	$67.1M+3.7%	$64.7M+4.9%	$61.6M+26.7%	$48.6M
Net Income	$190.1M-14.7%	$222.9M-26.5%	$303.2M+6.5%	$284.8M+6.9%	$266.4M+26.5%	$210.5M
EPS (Diluted)	$1.68-16.4%	$2.01-26.6%	$2.74-4.2%	$2.86+1.8%	$2.81+18.1%	$2.38

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$325.0M+5.5%	$308.1M+1266.8%	$22.5M-92.4%	$297.0M+2.6%	$289.6M+5.7%	$273.8M+1136.2%	$22.2M-91.9%	$273.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$99.6M-0.9%	$100.5M+0.6%	$99.9M-5.3%	$105.6M-3.4%	$109.3M+1.9%	$107.4M-4.9%	$112.9M+5.5%	$107.0M
Income Tax	$17.4M+40.3%	$12.4M+38.9%	$8.9M-24.0%	$11.7M+5.1%	$11.2M+17.5%	$9.5M+153.4%	$3.8M-51.9%	$7.8M
Net Income	$67.9M+28.6%	$52.8M-3.3%	$54.6M-11.6%	$61.8M+21.0%	$51.1M+14.2%	$44.7M+37.0%	$32.6M-39.9%	$54.3M
EPS (Diluted)	$0.57+26.7%	$0.45-6.2%	$0.48-11.1%	$0.54+20.0%	$0.45+15.4%	$0.39+34.5%	$0.29-40.8%	$0.49

GBCI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$27.9B+0.6%	$27.7B+4.2%	$26.6B+2.7%	$25.9B+40.2%	$18.5B+35.2%	$13.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$848.4M-37.4%	$1.4B+236.9%	$402.0M-8.2%	$437.7M-30.9%	$633.1M+91.3%	$331.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B+6.7%	$985.4M0.0%	$985.4M0.0%	$985.4M+91.7%	$514.0M+12.6%	$456.4M
Total Liabilities	$24.7B-0.2%	$24.7B+3.9%	$23.8B+4.5%	$22.8B+40.5%	$16.2B+38.2%	$11.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.2B+6.7%	$3.0B+6.2%	$2.8B-10.5%	$3.2B+37.7%	$2.3B+17.7%	$2.0B
Retained Earnings	$1.1B+3.8%	$1.0B+7.9%	$967.0M+19.3%	$810.3M+21.3%	$667.9M+23.5%	$541.0M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$29.0B0.0%	$29.0B+4.1%	$27.9B-0.2%	$27.9B-1.1%	$28.2B+1.4%	$27.8B-0.1%	$27.8B+0.3%	$27.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$854.2M-6.7%	$915.5M-6.7%	$981.5M+15.7%	$848.4M-14.1%	$987.8M+23.4%	$800.8M+1.5%	$788.7M-41.8%	$1.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B0.0%	$1.1B+6.7%	$1.1B0.0%	$1.1B-0.2%	$1.1B+2.9%	$1.0B0.0%	$1.0B+3.9%	$985.4M
Total Liabilities	$25.4B-0.3%	$25.5B+3.7%	$24.6B-0.4%	$24.7B-1.1%	$25.0B+1.2%	$24.7B-0.2%	$24.7B0.0%	$24.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.6B+2.2%	$3.5B+7.4%	$3.3B+2.0%	$3.2B-0.7%	$3.2B+3.4%	$3.1B+0.9%	$3.1B+3.0%	$3.0B
Retained Earnings	$1.1B+2.6%	$1.1B+1.2%	$1.1B+1.6%	$1.1B+2.3%	$1.1B+1.3%	$1.0B+0.7%	$1.0B-0.5%	$1.0B

GBCI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$258.0M-48.5%	$500.7M+6.4%	$470.7M-17.7%	$572.0M+201.8%	$189.5M-16.4%	$226.6M
Capital Expenditures	$48.3M-2.5%	$49.5M+46.7%	$33.8M	N/A	N/A	N/A
Free Cash Flow	$209.8M-53.5%	$451.2M+3.3%	$436.9M	N/A	N/A	N/A
Investing Cash Flow	$493.1M+337.7%	-$207.5M+84.7%	-$1.4B+65.4%	-$3.9B-9.6%	-$3.6B-8249.4%	-$42.7M
Financing Cash Flow	-$1.3B-290.7%	$659.1M-22.0%	$845.4M-73.1%	$3.1B-14.6%	$3.7B+6572.9%	-$56.8M
Dividends Paid	$150.0M+2.3%	$146.7M-6.9%	$157.5M+8.2%	$145.6M+10.9%	$131.3M+5.5%	$124.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$112.4M+30.7%	$86.0M+64.0%	$52.4M-48.6%	$102.0M-32.0%	$150.1M+139.5%	$62.7M+210.5%	-$56.7M-137.5%	$151.2M
Capital Expenditures	$7.7M+17.4%	$6.5M+15.0%	$5.7M-46.9%	$10.7M-14.0%	$12.4M-33.1%	$18.5M+176.9%	$6.7M	N/A
Free Cash Flow	$104.8M+31.8%	$79.5M+70.0%	$46.8M-48.8%	$91.3M-33.7%	$137.7M+211.9%	$44.1M+169.6%	-$63.4M	N/A
Investing Cash Flow	-$41.5M-126.6%	$156.0M-24.1%	$205.5M+268.0%	$55.8M-73.9%	$214.0M+1439.5%	$13.9M-93.4%	$209.4M+177.7%	$75.4M
Financing Cash Flow	-$132.1M+57.1%	-$308.0M-146.6%	-$124.9M+58.0%	-$297.3M-67.9%	-$177.1M-174.7%	-$64.5M+91.0%	-$718.3M-32.0%	-$544.3M
Dividends Paid	$39.1M+4.4%	$37.5M+10222.3%	$363K-99.5%	$74.9M+100.1%	$37.4M0.0%	$37.4M+11820.7%	$314K-99.6%	$73.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GBCI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	202.3%-49.5pp	251.8%-114.2pp	366.0%-70.8pp	436.8%-51.9pp	488.6%+187.3pp	301.3%
Return on Equity	5.9%-1.5pp	7.4%-3.3pp	10.7%+1.7pp	9.0%-2.6pp	11.6%+0.8pp	10.7%
Return on Assets	0.7%-0.1pp	0.8%-0.3pp	1.1%+0.0pp	1.1%-0.3pp	1.4%-0.1pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.66-0.5	8.19-0.2	8.37+1.2	7.16+0.1	7.02+1.0	5.98
FCF Margin	223.1%-286.4pp	509.5%-17.8pp	527.3%	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.9%+3.8pp	17.1%-224.9pp	242.1%+221.3pp	20.8%+3.2pp	17.6%+1.3pp	16.3%-131.0pp	147.3%+127.4pp	19.9%
Return on Equity	1.9%+0.4pp	1.5%-0.2pp	1.7%-0.3pp	1.9%+0.3pp	1.6%+0.1pp	1.4%+0.4pp	1.1%-0.7pp	1.8%
Return on Assets	0.2%+0.1pp	0.2%-0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%+0.0pp	0.2%+0.0pp	0.1%-0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.04-0.2	7.21-0.3	7.47-0.2	7.66-0.0	7.69-0.2	7.86-0.1	7.94-0.2	8.19
FCF Margin	32.2%+6.4pp	25.8%-181.7pp	207.5%+176.8pp	30.8%-16.8pp	47.5%+31.4pp	16.1%+302.4pp	-286.3%	N/A

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Frequently Asked Questions

What is Glacier Bancorp Inc's annual revenue?

Glacier Bancorp Inc (GBCI) reported $94.0M in total revenue for fiscal year 2024. This represents a 6.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Glacier Bancorp Inc's revenue growing?

Glacier Bancorp Inc (GBCI) revenue grew by 6.2% year-over-year, from $88.5M to $94.0M in fiscal year 2024.

Is Glacier Bancorp Inc profitable?

Yes, Glacier Bancorp Inc (GBCI) reported a net income of $190.1M in fiscal year 2024, with a net profit margin of 202.3%.

What is Glacier Bancorp Inc's earnings per share (EPS)?

Glacier Bancorp Inc (GBCI) reported diluted earnings per share of $1.68 for fiscal year 2024. This represents a -16.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Glacier Bancorp Inc's net profit margin?

Glacier Bancorp Inc (GBCI) had a net profit margin of 202.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Glacier Bancorp Inc pay dividends?

Yes, Glacier Bancorp Inc (GBCI) paid $1.32 per share in dividends during fiscal year 2024.

What is Glacier Bancorp Inc's return on equity (ROE)?

Glacier Bancorp Inc (GBCI) has a return on equity of 5.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Glacier Bancorp Inc's free cash flow?

Glacier Bancorp Inc (GBCI) generated $209.8M in free cash flow during fiscal year 2024. This represents a -53.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Glacier Bancorp Inc's operating cash flow?

Glacier Bancorp Inc (GBCI) generated $258.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Glacier Bancorp Inc's total assets?

Glacier Bancorp Inc (GBCI) had $27.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Glacier Bancorp Inc's capital expenditures?

Glacier Bancorp Inc (GBCI) invested $48.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Glacier Bancorp Inc have outstanding?

Glacier Bancorp Inc (GBCI) had 113M shares outstanding as of fiscal year 2024.

What is Glacier Bancorp Inc's debt-to-equity ratio?

Glacier Bancorp Inc (GBCI) had a debt-to-equity ratio of 7.66 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Glacier Bancorp Inc's return on assets (ROA)?

Glacier Bancorp Inc (GBCI) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Glacier Bancorp Inc's Piotroski F-Score?

Glacier Bancorp Inc (GBCI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Glacier Bancorp Inc's earnings high quality?

Glacier Bancorp Inc (GBCI) has an earnings quality ratio of 1.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Glacier Bancorp Inc?

Glacier Bancorp Inc (GBCI) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.