Glacier Bancorp Q2 Net Income Surges 85% on Expanding Margins
GBCI sits 28% above its 52-week low of $39.895.
Summary
Glacier Bancorp reported Q2 2026 net income of $97.9 million, an 85% increase from a year ago, as net interest margin expanded to 3.90%. Non-performing assets ticked up, but credit costs declined.
Key Events · Earnings and Guidance · GBCI
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Net Income Nearly Doubles
Q2 2026 net income of $97.9 million, up 85% from $52.8 million a year ago, driven by higher net interest income and lower credit costs.
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Net Interest Margin Expands
Net interest margin reached 3.90%, up from 3.21% a year ago, as loan yields rose and funding costs declined.
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Loan Growth Continues
Total loans grew to $21.4 billion, up 15% year-over-year, with commercial real estate and other commercial loans leading the increase.
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Credit Quality Mixed
Non-performing assets increased to $91.8 million from $48.6 million a year ago, but the provision for credit losses fell to $6.4 million from $20.3 million.
Analysis · GBCI · Finance
A standout quarter saw net income nearly double year-over-year to $97.9 million, fueled by a jump in the net interest margin to 3.90% from 3.21% as loan yields climbed and funding costs eased. While credit quality showed some strain—non-performing assets rose to $91.8 million—the provision for credit losses fell sharply, and the allowance remains solid at 1.22% of loans. Capital and liquidity positions are strong, with no FHLB advances outstanding and ample borrowing capacity.
At the time of this filing, GBCI was trading at $50.95 on NYSE in the Finance sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $39.90 to $54.58. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.