Watch for continued margin expansion as balance sheet repricing drives loan yields higher and deposit costs remain stable; monitor NPA trends given 67% YoY increase and elevated net charge-offs in consumer and commercial categories.
Price Chart
Executive Summary
Glacier Bancorp reported Q3 2026 operating EPS of $0.81, beating consensus of $0.79 by 2.5%, with record net income of $104.6M. Net interest margin expanded 11bp QoQ to 4.01%, and deposits grew 10% annualized, but non-performing assets increased 67% YoY and net charge-offs rose to $6.0M from $2.9M a year ago.
Key Financial Metrics
Key Facts
- Operating diluted EPS $0.81 vs consensus $0.79 (beat by 2.5%)
- Record net income $104.6M, up 7% QoQ and 54% YoY
- Net interest margin (tax-equivalent) 4.01%, up 11bp QoQ and 62bp YoY
- Total deposits $25.273B, up 10% annualized QoQ
- Non-interest bearing deposits $7.702B, up 15% annualized QoQ
- Loan portfolio $21.620B, up 5% annualized QoQ
- Quarterly dividend increased to $0.35/share, up 6% from prior quarter
- Non-performing assets $90.6M, up 67% YoY
- Net charge-offs $6.0M vs $2.9M in prior year Q3
- Efficiency ratio improved to 56.08% from 62.05% a year ago
Financial Impact
EPS beat of $0.02 (2.5%) on consensus $0.79; net interest income up $64.5M YoY (+29%)
Risk Factors
- Non-performing assets up 67% YoY to $90.6M, credit quality deterioration
- Net charge-offs doubled YoY to $6.0M, driven by deposit overdrafts and loan charge-offs
- Accumulated other comprehensive loss widened to -$206M from -$167M at year-end 2025
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386929 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $45.99 | awaiting T+60 | — | $47.81 (+3.96%) |
Oct 22, 2026 3d ago | Press Release | $45.99 | awaiting T+60 | — | $47.81 (+3.96%) |
Sep 28, 2026 27d ago | Press Release | $43.67 | awaiting T+60 | — | $47.81 (+9.48%) |
Sep 22, 2026 4w ago | Press Release | $43.78 | awaiting T+60 | — | $47.81 (+9.21%) |
Jul 23, 2026 13w ago | Press Release | $50.27 $43.60 | ▼ −13.27% | ▼ −16.56% | $47.81 (−4.89%) |
Jun 30, 2026 16w ago | Press Release | $52.75 $44.35 | ▼ −15.92% | ▼ −18.80% | $47.81 (−9.36%) |
May 4, 2026 24w ago | 8-K | $48.67 $48.97 | ▲ +0.62% | ▼ −2.12% | $47.81 (−1.77%) |
May 1, 2026 25w ago | 8-K | $48.17 $48.81 | ▲ +1.33% | ▼ −0.53% | $47.81 (−0.75%) |
Apr 23, 2026 26w ago | 8-K | $48.72 $52.26 | ▲ +7.27% | ▲ +2.19% | $47.81 (−1.87%) |
Apr 23, 2026 26w ago | Press Release | $48.72 $52.26 | ▲ +7.27% | ▲ +2.19% | $47.81 (−1.87%) |
US Market Status
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