Overview
Glacier Bancorp Inc. (NYSE:GBCI) released its second‑quarter 2026 results, posting adjusted earnings per share of $0.76, which edged the consensus estimate of $0.75 by one cent. Revenue for the quarter was $320.94 million, falling short of the $322.19 million consensus, and the stock slipped 3.1% in after‑hours trading on Thursday.
Financial Performance
Net income surged 85% year‑over‑year to $97.9 million from $52.8 million in the comparable quarter of 2025. Revenue grew 33% YoY, driven primarily by net interest income. The net interest margin expanded to 3.90%, an increase of 69 basis points from 3.21% a year earlier.
Balance‑Sheet Highlights
The loan portfolio stood at $21.364 billion as of June 30 2026, up $330 million (approximately 6% annualized) from the prior quarter. Total deposits rose to $24.654 billion, an increase of $3.026 billion or 14% versus the prior‑year second quarter.
Credit Quality
Provision for credit loss expense for the quarter was $6.4 million. Net charge‑offs amounted to $5.9 million, up from $1.6 million in the prior‑year quarter. Non‑performing assets grew to $91.8 million, an 89% increase from $48.6 million a year earlier.
Shareholder Returns
The bank announced a quarterly cash dividend of $0.33 per share, marking its 165th consecutive dividend payment.
Operational Update
Glacier Bancorp completed the core system conversion of Guaranty Bancshares, an entity it acquired on October 1 2025 that brought $3.357 billion in assets onto the platform.
"We delivered another strong quarter, with record net income, continued net interest margin expansion and solid loan growth," said Randy Chesler, President and Chief Executive Officer, emphasizing the strength of the diversified community‑banking model and disciplined balance‑sheet management.