Net income and assets surge for Glacier Bancorp (NYSE: GBCI) after 2026 vote
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Glacier Bancorp, Inc. held its 2026 annual meeting, where shareholders elected ten directors, approved the advisory vote on executive compensation, and ratified Forvis Mazars, LLP as independent auditor for the year ending December 31, 2026.
The company’s accompanying slide presentation highlights 2025 net income of $239 million, up 26% from 2024, and assets surpassing $30 billion, a 15% increase. Loans grew $3.7 billion (up 21%) and deposits increased $4.0 billion (up 20%), supported by record M&A of over $4.7 billion in acquired assets and continued “pristine” credit quality.
Positive
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Negative
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Insights
Annual meeting confirms governance support while 2025 results show strong, acquisition-boosted growth.
Shareholders backed all ten director nominees, approved the advisory vote on executive compensation, and ratified Forvis Mazars, LLP as auditor. This signals broad support for the current board, management team, and external audit oversight heading into the 2026 fiscal year.
Operationally, Glacier Bancorp reported 2025 net income of $239 million, up 26%, and crossed the $30 billion asset mark with 15% growth. Loan and deposit balances rose 21% and 20%, respectively, aided by more than $4.7 billion of acquired assets. Net interest margin improved to 3.58% in Q4 2025 from 2.97% a year earlier, while management emphasizes “pristine” credit quality, suggesting growth has not come at the expense of underwriting standards based on the provided data.
8-K Event Classification
3 items: 5.07, 7.01, 9.01
3 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
2025 net income: $239 million
Total assets: $30+ billion
Loan growth: $3.7 billion
+5 more
8 metrics
2025 net income
$239 million
Full-year 2025, up 26% from 2024
Total assets
$30+ billion
2025 asset milestone, up 15% from 2024
Loan growth
$3.7 billion
Increase in loans in 2025, up 21% from 2024
Deposit growth
$4.0 billion
Increase in deposits in 2025, up 20% from 2024
Q4 2025 net interest margin
3.58%
Net interest margin in Q4 2025 vs 2.97% in Q4 2024
Q4 2025 net interest income
$266 million
Compared with $191 million in Q4 2024
Record M&A assets
Over $4.7 billion
Acquired assets during 2025
Total assets Q4 2025
$32.0 billion
Versus $27.9 billion in Q4 2024
Key Terms
forward-looking statements, Non-GAAP financial measures, net interest margin, net charge offs, +2 more
6 terms
forward-looking statements regulatory
"This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Non-GAAP financial measures financial
"Certain financial measures and ratios the Company presents are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles (“GAAP”)."
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
net interest margin financial
"Q4 2025 NIM of 3.58%, up 61 basis points from Q4 2024 NIM"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
net charge offs financial
"Net Charge Offs as a % of Total Loans"
Net charge-offs are the amount of loans a lender has declared uncollectible during a period after subtracting any amounts later recovered. Think of it like a shopkeeper writing off unpaid tabs, then subtracting any payments that come in afterward; for investors, rising net charge-offs signal worsening loan quality, potential earnings pressure and weaker capital cushions, while low or falling net charge-offs indicate healthier credit performance.
ACL financial
"ACL as a % of Total Loans"
Nonperforming assets (NPAs) financial
"NPAs as a % Total Assets"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________
FORM 8-K
____________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2026
____________________________________________________________
(Exact name of registrant as specified in its charter)
____________________________________________________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
| (Registrant’s telephone number, including area code) | |||||||||||
____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
The 2026 Annual Meeting of Shareholders of Glacier Bancorp, Inc. (the “Company”) was held in Kalispell, Montana on April 29, 2026. The following matters were voted upon at the Annual Meeting:
1.The election of ten directors to serve on the board of directors until the 2027 annual meeting;
2.An advisory (non-binding) resolution to approve the compensation of the Company’s Named Executive Officers; and
3.The appointment of Forvis Mazars, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
The following is a summary of the voting results for the matters voted upon by the shareholders:
1. Election of Directors
Director’s Name | Votes For | Votes Withheld | Broker Non-Votes | ||||||||
| David C. Boyles | 97,210,923 | 843,293 | 12,350,890 | ||||||||
| Robert A. Cashell, Jr. | 96,763,481 | 1,290,735 | 12,350,890 | ||||||||
| Randall M. Chesler | 97,350,962 | 703,254 | 12,350,890 | ||||||||
| Jesus T. Espinoza | 97,189,790 | 864,426 | 12,350,890 | ||||||||
| Annie M. Goodwin | 96,423,064 | 1,631,152 | 12,350,890 | ||||||||
| Kristen L. Heck | 97,220,641 | 833,575 | 12,350,890 | ||||||||
| Michael B. Hormaechea | 97,197,229 | 856,987 | 12,350,890 | ||||||||
| Craig A. Langel | 96,351,180 | 1,703,036 | 12,350,890 | ||||||||
| Douglas J. McBride | 96,242,791 | 1,811,425 | 12,350,890 | ||||||||
| Beth Noymer Levine | 97,179,135 | 875,081 | 12,350,890 | ||||||||
Having received a plurality of the votes cast, those nominated are the newly elected directors of the Company. The elected directors will hold office until their successors are elected and qualified or until they resign or are removed from office.
2. Advisory (non-binding) resolution to approve the compensation of the Named Executive Officers
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 93,938,483 | 3,813,044 | 302,689 | 12,350,890 | ||||||||
The advisory resolution to approve the compensation of the Named Executive Officers is approved.
3. Ratification of appointment of independent registered public accounting firm
Votes For | Votes Against | Abstentions | ||||||
| 108,623,333 | 1,684,730 | 97,043 | ||||||
Forvis Mazars, LLP is ratified as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
Item 7.01. REGULATION FD DISCLOSURE
On April 29, 2026, the Company made a slide presentation at the Annual Meeting which is also posted on its website. The presentation is furnished as Exhibit 99.1 to this report.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
See Exhibit Index below.
EXHIBIT INDEX
Exhibit Description
99.1 2026 Annual Meeting Slides
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: | May 1, 2026 | GLACIER BANCORP, INC. | |||||||||
| /s/ Randall M. Chesler | |||||||||||
| By: | Randall M. Chesler | ||||||||||
| President and Chief Executive Officer | |||||||||||
2026 Annual Meeting April 2026 Glacier National Park, Montana
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about Glacier Bancorp, Inc. (the “Company”)’s plans, objectives, expectations and intentions that are not historical facts, and other statements identified by words such as “expects,” “anticipates,” “will,” “intends,” “plans,” “believes,” “should,” “projects,” “seeks,” “estimates” or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are based on assumptions that are subject to change. The following factors, among others, could cause actual results to differ materially from the anticipated results (express or implied) or other expectations in the forward-looking statements: 1) Risks associated with lending and potential adverse changes in the credit quality of the Company’s loan portfolio; 2) Changes in monetary and fiscal policies, including interest rate policies of the Federal Reserve Board, which could adversely affect the Company’s net interest income and margin, the fair value of its financial instruments, profitability, and stockholders’ equity; 3) Legislative or regulatory changes, including the possibility of increases in FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increases or changes in banking and consumer protection regulations, that may adversely affect the Company’s business and strategies; 4) Risks related to overall economic conditions, including the impact on the economy of an uncertain interest rate environment, inflationary pressures, recently passed legislation and the potential for significant additional changes in economic and trade policies in the current administration; 5) Risks to the Company’s business and the business of the Company’s customers arising from current or future tariffs or other trade restrictions, labor or supply chain issues, change in labor force, or geopolitical instability, including the wars in Iran and Ukraine, further conflicts in the Middle East, and potential for future conflicts or disruptions in other parts of the world; 6) Risks associated with the Company’s ability to negotiate, complete, and successfully integrate acquisitions; 7) Costs or difficulties related to the completion and integration of future or recently completed acquisitions; 8) Impairment of the goodwill recorded by the Company in connection with acquisitions, which may have an adverse impact on earnings and capital; 9) Reduction in demand for banking products and services, whether as a result of changes in customer behavior, economic conditions, banking environment, or competition; 10) Deterioration of the reputation of banks and the financial services industry, which could adversely affect the Company's ability to obtain and maintain customers; 11) Changes in the competitive landscape, including as may result from new market entrants, additional competition from internet-based financial institutions operating nationally, or further consolidation in the financial services industry, resulting in increased competition, including the creation of larger competitors with greater financial resources; 12) Risks presented by public stock market volatility, which could adversely affect the market price of the Company’s common stock and the ability to raise additional capital or grow through acquisitions; 13) Risks related to rapidly evolving artificial intelligence technologies; 14) Risks associated with dependence on the Chief Executive Officer, the senior management team and the Presidents of Glacier Bank’s divisions; 15) Material failure, potential interruption or breach in security of the Company’s systems or changes in technology which could expose the Company to cybersecurity risks, fraud, system failures, or direct liabilities; 16) Risks related to natural disasters, including droughts, fires, floods, earthquakes, pandemics, and other unexpected events; 17) Success in managing risks involved in any of the foregoing; and 18) Effects of any reputational damage to the Company resulting from any of the foregoing. 2
Use and Reconciliation of Non-GAAP Financial Measures Certain financial measures and ratios the Company presents are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles (“GAAP”). The Company refers to these financial measures and ratios as “non-GAAP financial measures.” A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is provided within this presentation. The Company considers the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision making and in evaluating period-to-period comparisons. The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain income or intangible items that the Company believes are not indicative of its primary business operating results. These non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and investors should not rely on non-GAAP financial measures alone as measures of our performance. The non-GAAP financial measures presented may differ from non- GAAP financial measures used by the Company’s peers or other companies. The Company compensates for these differences by providing the equivalent GAAP measures whenever the Company presents the non-GAAP financial measures and by including a reconciliation of the impact of the components adjusted for in the non-GAAP financial measure so that both measures and the individual components may be considered when analyzing our performance. 3
A Family of 18 Market-Focused Community Banks Geographically diversified footprint across Mountain West and Southwestern U.S. markets $30B+ balance sheet Best-in-class technology Centralized risk, compliance, and data governance Backed by: 4 Streamlined under 1 banking charter and 1 technology platform
Reno, Nevada 5 Net income of $239 million, up 26% from 2024 Surpassed $30 billion asset milestone, up 15% from 2024 2025 Key Accomplishments Q4 2025 NIM of 3.58%, up 61 basis points from Q4 2024 NIM Loans increased $3.7 billion, up 21% from 2024 Deposits increased $4.0 billion, up 20% from 2024 Pristine credit quality Record M&A year with over $4.7 billion acquired assets Strategic expansion into Texas – Guaranty Bank & Trust Continued commitment to communities Declared our 163rd consecutive dividend in December 2025
Proven Profitability $0.33 $0.43 $0.48 $0.53 $0.47 $0.57 $0.62 $0.69 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Operating Diluted EPS (non-GAAP) 1 6 $ per share 4Q25 Operating diluted EPS of $0.69 vs $0.53 in 4Q24 Operating net income increased $53.6 million from 1Q24 through 4Q25 $36,824 $49,016 $54,103 $60,742 $53,341 $67,081 $73,994 $90,398 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 $ in thousands Operating diluted EPS more than doubled from 1Q24 through 4Q25, reflecting sustained earnings momentum 1 Supplemental "Non-GAAP Financial Measures and Reconciliations" tables are provided to reconcile the most directly comparable financial measures calculated and presented in accordance with GAAP. Operating Net Income (non-GAAP) 1
Proven Track Record of Growing Assets Asset Trends 4Q25 Total Assets of $32.0 billion vs $27.9 billion in 4Q24 $27,822 $27,805 $28,206 $27,903 $27,859 $29,010 $29,016 $31,978 $26,000 $28,000 $30,000 $32,000 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 7 $ in millions
Net Interest Income Growth and Margin Lift 4Q25 NII of $266 million vs $191 million in 4Q24, representing an increase of ~39% 4Q25 NIM of 3.58% vs 2.97% in 4Q24, representing an increase of 61 basis points $166 $166 $180 $191 $190 $208 $225 $266 2.59% 2.68% 2.83% 2.97% 3.04% 3.21% 3.39% 3.58% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NIM Net Interest Income (NII) and Margin (NIM) 8 $ in millions
Downtown Ogden, Utah 9 Acquired Organic Overall $ Growth $10.8bn $9.2bn $20.0bn Growth Contribution 54% 46% Since 2000 Acquired Organic Overall $ Growth $8.4bn $7.3bn $15.7bn Growth Contribution 53% 47% $0.2 $0.1 $0.1 $0.2 $0.5 $0.9 $1.3 $1.7 $2.0 $1.8 $1.5 $1.2 $1.2 $1.4 $1.7 $2.0 $2.6 $3.2 $3.9 $4.3 $5.5 $5.8 $7.6 $8.5 $8.9 $9.4 $0.5 $1.2 $1.2 $1.2 $1.2 $1.5 $1.9 $1.9 $2.0 $2.2 $2.2 $2.2 $2.2 $2.6 $2.7 $3.0 $3.0 $3.3 $4.3 $5.1 $5.6 $7.5 $7.5 $7.5 $8.2 $11.3 0 5 10 15 20 25 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Organic Acquired $0.7 $1.3 $1.3 $1.4 $1.7 $2.4 $3.2 $3.6 $4.1 $4.0 $3.7 $3.4 $3.4 $4.0 $4.4 $5.0 $5.6 $6.5 $8.2 $9.5 $11.1 $13.3 $15.1 $16.0 $17.1 Since 2015 (Ten Years) Total Loans ($ in billions) Source: S&P Global. Financial data as of 12/31/2025. Track Record of Strong Organic Loan Growth and Accretive Acquisitions $20.7
Best in Class Core Deposits Interest-Bearing Deposit Costs Well Below Peer Average 0.15% 0.09% 0.11% 1.22% 1.92% 1.81% 0.53% 0.21% 0.58% 2.49% 3.17% 2.73% 2020 2021 2022 2023 2024 2025 Glacier Peers Attractive Value Proposition Granular and Stable Diversified Deposit Base • Convenient, community-based branch network • Low-cost, competitively priced products and solutions • High-quality, relationship-driven service model • Limited reliance on wholesale or concentrated funding • ~685K Retail accounts with $12K average balance • ~171K Commercial accounts with $62K average balance • 46% Retail; 45% Commercial; 9% Public • 77% in rural markets; 23% in metro markets • Balanced funding across industries, geographies, and customer types • Limited reliance on any single depositor or segment Note: Peer based on BHCPR as of 12/31/2025 10
Superior Credit Quality Net Charge Offs as a % of Total Loans ACL as a % of Total Loans NPAs as a % Total Assets 0.07% 0.02% 0.05% 0.07% 0.08% 0.06% 0.27% 0.11% 0.09% 0.22% 0.28% 0.26% 2020 2021 2022 2023 2024 2025 GBCI Peers 11 1.19% 1.22% 1.22% 1.22% 1.22% 1.27% 1.28% 1.27% 1.27% 1.23% 4Q24 1Q25 2Q25 3Q25 4Q25 GBCI Peers 0.10% 0.14% 0.17% 0.19% 0.22% 0.56% 0.56% 0.55% 0.57% 0.55% 4Q24 1Q25 2Q25 3Q25 4Q25 GBCI Peers Note: Peer based on BHCPR as of 12/31/2025
2025 Acquisitions 12 • Total assets of $1.4 billion • Founded in 1985 and headquartered in Idaho Falls, Idaho • 15 branches • Locations in Eastern Idaho, Boise Metro and Eastern Washington • Acquisition closed April 30, 2025 • Total assets of $3.4 billion • Bank founded in 1913 and headquartered in Mount Pleasant, Texas • 33 branches • Locations in East Texas, Dallas/Fort Worth, Houston, Austin and Bryan/College Station • Acquisition closed October 1, 2025
Missoula, Montana 13 Over 36,000 hours with over 1,500 different organizations Commitment to our Communities Originated over $770 million in community development loans Increased community development investments by $62 million
$0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 Balanced Capital Allocation Strategy Dividend History 14 Core Focus Areas: M&A Shareholder Returns via Dividends Organic Growth The Company has declared 163 consecutive quarterly dividends $ per share
Non-GAAP Financial Measures and Reconciliations . 15 1Q242Q243Q244Q241Q252Q253Q254Q25(Dollars in thousands) 32,62744,70851,05561,75454,56852,78167,900$ 63,779Net Income Operating adjustments (585)(826)18(238)14190(104)(693)Loan interest (recovery) reversal (16)11(26)-----(Gain) loss on securities (1)--(1)(1,114)-(251)(1,601)BOLI proceeds --(1,200)-----Individual OREO sale -6583433752515446412,946Acquisition-related compensation -------1,101Lease terminations 1,510(465)--(219)--(827)FDIC special assessment (1,035)(1,503)(586)(1,975)(1,010)(1,612)9281,918Loss (gain) on fixed assets -6,0883,601--16,693-27,247Acquisition ACL expense 5,7251,7831,9164915873,2316,9755,802Acquisition-related expense (1,401)(1,438)(1,018)336264(4,746)(2,095)(9,274)Tax impact 4,1974,3083,048(1,012)(1,227)14,3006,09426,619Net operating adjustments 36,82449,01654,10360,74253,34167,08173,994$ 90,398Operating net income (non-GAAP) 112,554,402113,405,491113,473,107113,541,026113,546,365116,890,776118,628,434130,145,104Weighted average diluted common shares outstanding $0.29$0.39$0.45$0.54$0.48$0.45$0.57$0.49Diluted earnings per share $0.33$0.43$0.48$0.53$0.47$0.57$0.62$0.69Operating diluted EPS (non-GAAP)
Looking Ahead Grand Teton National Park, Wyoming 16
2026 Outlook “As well positioned as any bank to thrive in ’26.” Jeff Rulis, DA Davidson “We believe the company remains an acquirer of choice in its nine- state footprint, where we expect it to remain active in M&A …” David Feaster, Jr, Raymond James “ Greater NIM visibility via asset repricing and regardless of fed rate cuts.” Matthew Clark, Piper Sandler “Positioned for long-term success with company of banks model.” Kelly Motta, Keefe, Bruyette & Woods Kalispell, Montana 17
18 Glacier National Park, Montana
FAQ
How did Glacier Bancorp (GBCI) perform financially in 2025?
Glacier Bancorp reported 2025 net income of $239 million, up 26% from 2024. The company surpassed $30 billion in assets, a 15% increase, while loans grew $3.7 billion (21%) and deposits rose $4.0 billion (20%), reflecting both organic expansion and acquisition activity.
What happened to Glacier Bancorp’s (GBCI) net interest margin and income in Q4 2025?
Q4 2025 net interest income was $266 million, with a 3.58% net interest margin. Net interest income increased from $191 million in Q4 2024, while margin improved from 2.97% to 3.58%, indicating higher profitability on earning assets over the period shown.
How active was Glacier Bancorp (GBCI) in mergers and acquisitions during 2025?
Glacier Bancorp reported a record M&A year with over $4.7 billion in acquired assets. Transactions included acquiring a $1.4 billion-asset bank in Idaho and a $3.4 billion-asset bank in Texas, expanding its footprint across the Mountain West and into key Texas markets.
What does Glacier Bancorp (GBCI) say about its dividend history and capital allocation?
The company emphasizes a balanced capital allocation strategy with a long dividend record. It highlights declaring its 163rd consecutive quarterly dividend in December 2025, alongside a focus on mergers and acquisitions and organic growth as core uses of capital.
How does Glacier Bancorp (GBCI) describe its credit quality and deposit base?
Management describes credit quality as superior with a granular, diversified deposit base. Materials show low net charge-offs and nonperforming assets relative to peers, plus broad retail and commercial deposit relationships with limited reliance on wholesale or concentrated funding sources.
Filing Exhibits & Attachments
22 documentsPress Releases
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