The mixed Q2 results show strong core earnings momentum from NIM expansion and loan growth, but the rising NPA and charge-off trends warrant monitoring. Traders should watch the Q3 earnings call for credit quality updates and NIM trajectory; the stock may trade range-bound until credit trends stabilize or guidance is provided.
Price Chart
Executive Summary
Glacier Bancorp reported Q2 2026 GAAP diluted EPS of $0.75, missing the consensus estimate of $0.76 by 1.3%, while operating diluted EPS of $0.76 matched consensus. Net income of $97.9 million was a record, up 19% QoQ and 85% YoY, driven by net interest margin expansion to 3.90% (10th consecutive quarterly increase) and solid loan growth of 6% annualized. However, non-performing assets rose 16% QoQ to $91.8 million (0.29% of subsidiary assets), and net charge-offs increased to $5.9 million from $3.1 million in the prior quarter, signaling modest credit quality deterioration that tempers the otherwise strong operational results.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.75 missed consensus of $0.76 by 1.3%
- Operating diluted EPS of $0.76 matched consensus
- Record net income of $97.9M, up 19% QoQ and 85% YoY
- Net interest margin expanded 10 bps QoQ to 3.90%, the 10th consecutive quarterly increase
- Loan portfolio grew $330M (6% annualized) QoQ to $21.364B
- Non-performing assets increased 16% QoQ to $91.8M (0.29% of subsidiary assets)
- Net charge-offs rose to $5.9M from $3.1M in prior quarter
- Quarterly dividend maintained at $0.33 per share (165th consecutive)
- Efficiency ratio improved to 56.65% from 63.05% in prior quarter
Financial Impact
GAAP EPS miss of $0.01 vs consensus; record net income of $97.9M; NIM expanded 10 bps to 3.90%; NPA ratio increased to 0.29% from 0.25%
Risk Factors
- Rising non-performing assets (up 16% QoQ) and net charge-offs (up 90% QoQ) signal potential credit deterioration
- GAAP EPS miss vs consensus could pressure near-term sentiment despite strong operational trends
- Integration costs from Guaranty acquisition may continue to weigh on expense growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3332613 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $47.81 $49.00 | ▲ +2.49% | ▲ +1.78% | $47.81 (+0.00%) |
Oct 22, 2026 4d ago | Press Release | $47.81 $49.00 | ▲ +2.49% | ▲ +1.78% | $47.81 (+0.00%) |
Sep 28, 2026 28d ago | Press Release | $43.67 | awaiting T+1 | — | $47.81 (+9.48%) |
Sep 22, 2026 4w ago | Press Release | $43.78 $44.00 | ▲ +0.50% | ▲ +0.58% | $47.81 (+9.21%) |
Jul 23, 2026 13w ago | Press Release | $50.27 $49.00 | ▼ −2.53% | ▼ −2.55% | $47.81 (−4.89%) |
Jun 30, 2026 16w ago | Press Release | $52.75 $51.78 | ▼ −1.84% | ▼ −1.71% | $47.81 (−9.36%) |
May 4, 2026 24w ago | 8-K | $48.67 $49.75 | ▲ +2.22% | ▲ +0.83% | $47.81 (−1.77%) |
May 1, 2026 25w ago | 8-K | $48.17 $48.67 | ▲ +1.04% | ▲ +0.24% | $47.81 (−0.75%) |
Apr 23, 2026 26w ago | 8-K | $48.72 $49.40 | ▲ +1.40% | ▲ +1.23% | $47.81 (−1.87%) |
Apr 23, 2026 26w ago | Press Release | $48.72 $49.40 | ▲ +1.40% | ▲ +1.23% | $47.81 (−1.87%) |
US Market Status
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