Glacier Bancorp, Inc. (GBCI) Earnings Call Transcripts

Glacier Bancorp, Inc.'s Latest Earnings Call - Q1 FY2026

Glacier Bancorp, Inc. reported strong results for Q1 2026, with net income of $82.1 million, a 29% increase from the prior quarter and a 51% increase year-over-year. Diluted EPS was $0.63, up 29% from the previous quarter. Revenue growth was driven by a net interest margin expansion to 3.80%, up 22 basis points from the prior quarter. Management maintained guidance for a 4% net interest margin by the second half of 2026. The company reported a loan portfolio of $21 billion, with notable growth in the Southwest region. Operating expenses were controlled at $188.2 million, and the efficiency ratio target of 54%-55% by Q4 remains intact.

Reported metrics

Guidance from management

Management maintained guidance for achieving a 4% net interest margin by the second half of 2026, with continued focus on asset repricing and cost control.

What management said

Yes. Well, I think to some extent, the numbers speak for themselves. They grew in excess of 6% in the first quarter. During the same period of time, we were doing -- completing the conversion. So they did have -- did a great job. I really see the bulk of what's happening there is business as usual. They're just continuing to grow with -- in the markets that they're in with good customers. There is some disruption hap...

Sure. Yes, the conversion is behind us. I think the teams are doing a great job continuing to help out the folks in Texas and get them used to our systems. But that's moving forward. As you noted, they really didn't miss a beat. You look at the loan growth of 6%, very, very pleased with that. So I think all those things have gone well and are moving -- really moving in the right direction. I think Tom can give you a ...

What analysts pressed on

Analysts expressed concerns about the sustainability of margin expansion, particularly with deposit costs stabilizing. Questions also focused on competitive pressures in the Southwest region and the impact of potential geopolitical and economic risks on loan growth.

Main topics on the call

• Net Income and EPS Growth — Net income increased to $82.1 million, a 29% rise from the prior quarter, with EPS at $0.63, up 29% quarter-over-quarter. This growth reflects strong operational performance.
• Net Interest Margin Expansion — The net interest margin expanded to 3.80%, a 22 basis point increase from the prior quarter. Management attributes this to effective asset repricing and cost control.
• Loan and Deposit Growth — The loan portfolio grew to $21 billion, with the Southwest region achieving over 7% annualized growth. Deposits increased by $151 million, driven by noninterest-bearing deposits.
• Credit Quality — Nonperforming assets remained low at 25 basis points, with net charge-offs declining to 2 basis points. The allowance for credit losses is steady at 1.22% of total loans.

Read the full Glacier Bancorp, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Glacier Bancorp, Inc. earnings call transcripts on record, spanning January 24, 2020 to July 24, 2026. Based on this history, Glacier Bancorp, Inc. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GBCI

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

31

First call

January 24, 2020

Most recent

July 24, 2026

Reporting cadence

quarterly