| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 50 | 18.8x | 17.8x | Around median | |
Growth | 53 | 20.0% | 7.1% | Around median | |
Quality | 49 | — | — | Around median | |
Safety | 21 | — | — | Bottom tier | |
Capital Return | 72 | 2.88% | 2.12% | Top tier | |
Momentum | 50 | 3.2% | 2.9% | Around median | |
Sentiment | 89 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Glacier Bancorp operates through a community banking model in the Mountain West and Southwest regions, with a market presence distributed 75% in rural markets and 25% in urban markets. Its model relies on funding loans from its deposit base and generating net interest income, alongside investing liquidity in securities; in fiscal Q2 2026, loans totaled $21.4 billion, average deposits totaled $24.5 billion, while period-end deposits reached $24.7 billion. The company also purchased approximately $250 million in bonds during the same quarter, following the completion of FHLB advance repayments in late fiscal Q1 2026.
In fiscal Q2 2026, Glacier Bancorp reported revenue of $406.3 million and net income of $97.9 million, equivalent to $0.75 per diluted share. Net income rose 19% from fiscal Q1 2026 and 85% from fiscal Q2 2025, while diluted earnings per share increased 19% and 67%, respectively. Net interest income totaled $276 million, up 3% quarter over quarter and 33% year over year, and the tax-equivalent net interest margin expanded to 3.90%, an increase of 10 basis points quarter over quarter and 69 basis points year over year.
Pre-tax, pre-provision revenue totaled $130.8 million in fiscal Q2 2026, up 23% from the previous quarter and 53% from the comparable quarter, while the operating efficiency ratio improved to 56.21% from 63.05% in fiscal Q1 2026. During the first half of fiscal 2026, net income totaled $180 million and diluted earnings per share were $1.38, representing year-over-year increases of 68% and 48%, while net interest income rose 37% to $545 million. The company declared a quarterly dividend of $0.33 per share, marking its 165th consecutive quarterly dividend.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is "Buy," with an average price target of $57 and a target range of $54 to $60; the average is only approximately 4.4% above the 52-week high of $54.58, while the lowest target is slightly below that high. The data does not include a valid comparable earnings multiple, so the valuation rests on Glacier Bancorp's ability to convert the expected expansion of its net interest margin above 4% by the end of fiscal 2026 into sustainable earnings growth, while keeping credit risks and expenses under control.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Glacier Bancorp's net income totaled approximately $97.9 million in fiscal Q2 2026, up 19% quarter over quarter and 85% year over year, while diluted earnings per share were $0.75. The expansion of the net interest margin to 3.90% and the increase in net interest income to $276 million were among the key drivers. Pre-tax, pre-provision revenue also rose 53% year over year to $130.8 million, and the efficiency ratio improved to 56.21%.
Management said during the July 24, 2026 call that it expects the net interest margin to reach 4% in early fiscal Q4 2026. It also expects to end fiscal 2026 with a margin above 4% and for the margin to continue growing during fiscal 2027. Over the longer term, management sees a normal range of 4% to 4.5%, with approaching the upper end dependent on a more favorable yield curve and strong loan growth.
Loans totaled $21.4 billion at the end of fiscal Q2 2026, following a quarterly increase of $330 million, equivalent to 6% year-over-year growth. Average deposits totaled $24.5 billion, up $112 million or 2% year over year, and the period-end balance reached $24.7 billion. Management reported on July 24, 2026, that loan pipelines remained strong in the Mountain West and Southwest regions, with new production yields continuing to exceed 6.5%.
Management described credit quality in fiscal Q2 2026 as excellent and stable overall, with fewer early-stage delinquencies than in the previous quarter. Non-performing assets increased slightly but remained low as a percentage of the banking subsidiaries' assets, and the allowance for credit losses was 1.22% of total loans. Management did not identify any sector or region with disproportionate risk, but said it continues to monitor the agricultural sector because of the headwinds it has faced.
Non-interest-bearing deposits represented 30% of total deposits in fiscal Q2 2026, a proportion similar to the previous quarter and the comparable quarter of fiscal 2025. The total cost of funding declined to 1.33%, while the cost of core deposits, including non-interest-bearing deposits, was 1.18%. Management expects deposit costs to remain stable at this level if interest rates remain unchanged, but indicated that any subsequent rate increase in fiscal 2026 could change this outlook.
The average analyst price target is $57, with a low target of $54 and a high target of $60, and an overall "Buy" consensus. The average is approximately 4.4% above the 52-week high of $54.58, while the annual range extends to a low of $39.90. In the absence of a usable earnings multiple in the data, justification for these targets depends on continued earnings growth and net interest margin expansion while containing credit risks and expenses.
