The 11th consecutive quarter of NIM expansion and record net income confirm the benefits of balance sheet repricing and cost control. With acquisition-related expenses nearly eliminated and the Guaranty conversion complete, the focus shifts to organic loan and deposit growth. Monitor Q4 for further margin expansion and whether the temporary quarter-end deposit exits as expected.
Price Chart
Executive Summary
Glacier Bancorp reported Q3 2026 diluted EPS of $0.80 (GAAP) and operating diluted EPS of $0.81 (non-GAAP), with net income of $104.6 million — a record and up 54% YoY. Net interest margin expanded to 4.01%, the eleventh consecutive quarterly increase, driven by loan yield expansion and lower funding costs. The company also raised its quarterly dividend by 6% to $0.35 per share.
Key Financial Metrics
Key Facts
- Record net income of $104.6 million in Q3 2026, up 7% QoQ and 54% YoY
- Diluted EPS of $0.80 (GAAP), up 7% QoQ and 40% YoY; operating diluted EPS of $0.81
- Net interest margin (tax-equivalent) expanded to 4.01%, up 11 bps QoQ and 62 bps YoY
- Net interest income of $290 million, up 5% QoQ and 29% YoY
- Loan portfolio grew $256 million (5% annualized) QoQ to $21.62 billion
- Total deposits increased $619 million (10% annualized) QoQ to $25.27 billion
- Quarterly dividend raised to $0.35 per share, a 6% increase over the prior quarter
- Efficiency ratio improved to 56.08% from 63.05% in Q1 2026
- Non-performing assets of $90.6 million, down 1% QoQ; ACL at 1.20% of total loans
- Acquisition-related expenses fell sharply to $92,000 from $7.0 million in the prior year quarter
Financial Impact
Record net income of $104.6 million; NIM at 4.01% (highest in 11 quarters); dividend increased 6%
Risk Factors
- Non-performing assets up 67% YoY to $90.6 million, though still low at 0.28% of subsidiary assets
- Net charge-offs increased to $6.0 million from $2.9 million in the prior year quarter
- AOCI loss deepened to $206.3 million from $167.1 million at year-end 2025 due to higher rates
- Temporary quarter-end deposit of ~$311 million expected to largely exit in Q4
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000868671-26-000074 |
| Document: gbci-20261022.htm | 0000868671-26-000074 |
| Document: 0000868671-26-000074-index-headers.html | 0000868671-26-000074 |
| Document: 0000868671-26-000074-index.html | 0000868671-26-000074 |
| Document: 0000868671-26-000074.txt | 0000868671-26-000074 |
| 8-K Data (Synthetic) | 0000868671-26-000074 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $47.81 $49.00 | ▲ +2.49% | ▲ +1.78% | $48.56 (+1.57%) |
Oct 22, 2026 4d ago | Press Release | $47.81 $49.00 | ▲ +2.49% | ▲ +1.78% | $48.56 (+1.57%) |
Sep 28, 2026 28d ago | Press Release | $43.67 | awaiting T+1 | — | $48.56 (+11.20%) |
Sep 22, 2026 4w ago | Press Release | $43.78 $44.00 | ▲ +0.50% | ▲ +0.58% | $48.56 (+10.93%) |
Jul 23, 2026 13w ago | Press Release | $50.27 $49.00 | ▼ −2.53% | ▼ −2.55% | $48.56 (−3.40%) |
Jun 30, 2026 16w ago | Press Release | $52.75 $51.78 | ▼ −1.84% | ▼ −1.71% | $48.56 (−7.94%) |
May 4, 2026 25w ago | 8-K | $48.67 $49.75 | ▲ +2.22% | ▲ +0.83% | $48.56 (−0.23%) |
May 1, 2026 25w ago | 8-K | $48.17 $48.67 | ▲ +1.04% | ▲ +0.24% | $48.56 (+0.81%) |
Apr 23, 2026 26w ago | 8-K | $48.72 $49.40 | ▲ +1.40% | ▲ +1.23% | $48.56 (−0.33%) |
Apr 23, 2026 26w ago | Press Release | $48.72 $49.40 | ▲ +1.40% | ▲ +1.23% | $48.56 (−0.33%) |
US Market Status
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