Glacier Bancorp, Inc. (NASDAQ:GBCI) Shows Mild Technical Strength But Remains Over-Valued

Glacier Bancorp exhibits short-term constructive momentum while valuation metrics signal limited upside. Technicals suggest modest continuation, yet fundamental multiples remain stretched versus peer benchmarks.

Recent News

On March 12, 2026 the company mailed its 2026 proxy/DEF 14A and set the annual meeting for April 29, 2026. On March 25, 2026 the board declared a quarterly cash dividend of $0.33 per share.

Technical Analysis

ADX at 14.89 indicates no established trend; momentum strength remains muted and the price lacks a decisive directional impulse relative to longer-term action.

Directional indicators show DI+ at 20.12 with a dip & reversal (bullish) while DI- at 24.62 shows a peak & reversal (bullish); those converging reversal signals imply short-term bullish directional pressure, but the higher absolute DI- level keeps upside conditional.

MACD sits at -0.10 with a signal line at -0.08 and a MACD dip & reversal. Momentum signals have turned up from a prior dip, yet MACD remains slightly negative and has not crossed above the signal line, so bullish momentum qualifies as tentative rather than confirmed.

MRO registers 10.35 (positive) with a dip & reversal; the positive MRO implies the current price sits above the model target and introduces potential mean-reversion pressure, even as recent readings show the oscillator reversing from a prior dip.

RSI at 50.23 with a dip & reversal indicates neither overbought nor oversold conditions and a recently improving short-term momentum profile.

Price relations: last close $47.79 trades above the 200‑day average ($46.10) and above short-term averages (20‑day $47.39, 50‑day $47.56, 12‑day EMA $47.24 with a dip & reversal). Bollinger bands place the price near the upper band (upper 1× std dev $48.17), suggesting available upside remains limited by recent volatility bounds.

Ichimoku components and short EMAs cluster around $47.3–$47.8, keeping near-term support and resistance tightly packed; volume at 960,198 runs slightly above the 10‑day average (872,305), signaling above-normal participation during the latest session.

 


Fundamental Analysis

Earnings: reported EPS $0.70 versus an estimate of $0.67, an EPS surprise of +4.48%. Forward EPS stands at $0.9117, producing a forward P/E of 50.49. QoQ and YoY EPS growth rates in the supplied metrics show meaningful volatility; the operating results support the reported beat but do not alter the stretched headline multiples.

Valuation multiples: trailing P/E reads $66.68, above the industry peer mean of $47.16. Price-to-book equals $1.43, above the industry peer mean of $1.25. Price-to-sales stands at $20.27, higher than the industry peer mean of $14.19. Forward P/E and forward P/S also sit above respective industry peer means, indicating consensus expectations already embed elevated growth assumptions.

Profitability and cash flow: return on assets equals 0.26% and return on equity equals 1.93%, both near low-single-digit levels; net income for the period totals $82.144M. Free cash flow equals $74.35M and free cash flow yield equals 1.22%, slightly below the industry peer mean of 1.78%, while free cash growth metrics show recent contraction. Dividend metrics show a very low payout ratio (0.41%) and modest cash returned to shareholders in the period.

Balance sheet and efficiency: total assets $31.734B with asset-to-equity at 7.47 and debt-to-equity at 0.0759; receivables turnover 2.47 is roughly in line with the industry peer mean, while asset turnover (0.94%) sits slightly below the industry peer mean. Revenue growth shows a large year-over-year increase (+159.75%) and strong QoQ expansion per the supplied figures; however, earnings growth QoQ/YoY display notable declines in some reporting windows, reflecting variability in operating leverage and non-recurring items.

Valuation summary: the current valuation as determined by WMDST registers as over-valued. Elevated trailing and forward multiples relative to the industry peer mean, combined with modest returns on equity and assets, suggest upside requires continued outsized earnings or cash flow improvement to justify the present price.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2026-03-31
REPORT DATE: 2026-04-23
NEXT REPORT DATE: 2026-07-23
CASH FLOW  Begin Period Cash Flow $ 1.2 B
 Operating Cash Flow $ 87.9 M
 Capital Expenditures $ -13.53 M
 Change In Working Capital $ -20.40 M
 Dividends Paid $ -337.00 K
 Cash Flow Delta $ 150.0 M
 End Period Cash Flow $ 1.4 B
 
INCOME STATEMENT REVENUE
 Total Revenue $ 299.6 M
 Forward Revenue $ 108.2 M
COSTS
 Cost Of Revenue —
 Depreciation $ 9.1 M
 Depreciation and Amortization $ 13.9 M
 Research and Development —
 Total Operating Expenses —
PROFITABILITY
 Gross Profit —
 EBITDA —
 EBIT —
 Operating Income —
 Interest Income $ 362.3 M
 Interest Expense $ 93.7 M
 Net Interest Income $ 268.7 M
 Income Before Tax $ 100.2 M
 Tax Provision $ 18.0 M
 Tax Rate 17.992 %
 Net Income $ 82.1 M
 Net Income From Continuing Operations $ 82.1 M
EARNINGS
 EPS Estimate $ 0.67
 EPS Actual $ 0.70
 EPS Difference $ 0.03
 EPS Surprise 4.478 %
 Forward EPS $ 0.91
 
BALANCE SHEET ASSETS
 Total Assets $ 31.7 B
 Intangible Assets $ 1.5 B
 Net Tangible Assets $ 2.8 B
 Total Current Assets —
 Cash and Short-Term Investments —
 Cash $ 1.4 B
 Net Receivables $ 122.8 M
 Inventory —
 Long-Term Investments —
LIABILITIES
 Accounts Payable $ 30.5 M
 Short-Term Debt —
 Total Current Liabilities —
 Net Debt —
 Total Debt $ 322.3 M
 Total Liabilities $ 27.5 B
EQUITY
 Total Equity $ 4.2 B
 Retained Earnings $ 1.2 B
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share $ 32.65
 Shares Outstanding 130.124 M
 Revenue Per-Share $ 2.30
VALUATION
 Market Capitalization $ 6.1 B
 Enterprise Value $ 6.4 B
 Enterprise Multiple —
Enterprise Multiple QoQ —
Enterprise Multiple YoY —
Enterprise Multiple IPRWA —
 EV/R 21.349
CAPITAL STRUCTURE
 Asset To Equity 7.469
 Asset To Liability 1.155
 Debt To Capital 0.071
 Debt To Assets 0.01
Debt To Assets QoQ -57.293 %
Debt To Assets YoY -84.053 %
Debt To Assets IPRWA high: 0.145
median: 0.065
mean: 0.058
GBCI: 0.01
low: -0.0
 Debt To Equity 0.076
Debt To Equity QoQ -57.98 %
Debt To Equity YoY -85.95 %
Debt To Equity IPRWA high: 1.682
median: 0.612
mean: 0.549
GBCI: 0.076
low: -0.315
PRICE-BASED VALUATION
 Price To Book (P/B) 1.43
Price To Book QoQ 2.654 %
Price To Book YoY -6.654 %
Price To Book IPRWA high: 1.989
GBCI: 1.43
mean: 1.248
median: 1.216
low: 0.287
 Price To Earnings (P/E) 66.681
Price To Earnings QoQ -18.775 %
Price To Earnings YoY -27.839 %
Price To Earnings IPRWA high: 76.809
GBCI: 66.681
mean: 47.159
median: 44.929
low: 28.296
 PE/G Ratio 2.445
 Price To Sales (P/S) 20.274
Price To Sales QoQ 3.398 %
Price To Sales YoY -12.674 %
Price To Sales IPRWA high: 26.503
GBCI: 20.274
mean: 14.192
median: 13.162
low: 0.11
FORWARD MULTIPLES
Forward P/E 50.492
Forward PE/G 1.851
Forward P/S 56.153
EFFICIENCY OPERATIONAL
 Operating Leverage —
ASSET & SALES
 Asset Turnover Ratio 0.009
Asset Turnover Ratio QoQ -4.179 %
Asset Turnover Ratio YoY 20.823 %
Asset Turnover Ratio IPRWA high: 0.016
mean: 0.01
median: 0.01
GBCI: 0.009
low: 0.005
 Receivables Turnover 2.467
Receivables Turnover Ratio QoQ -0.949 %
Receivables Turnover Ratio YoY 15.596 %
Receivables Turnover Ratio IPRWA high: 4.518
mean: 2.613
median: 2.475
GBCI: 2.467
low: 0.805
 Inventory Turnover —
Inventory Turnover Ratio QoQ —
Inventory Turnover Ratio YoY —
Inventory Turnover Ratio IPRWA —
 Days Sales Outstanding (DSO) 36.989
CASH CYCLE
 Cash Conversion Cycle Days (CCC) —
Cash Conversion Cycle Days QoQ —
Cash Conversion Cycle Days YoY —
Cash Conversion Cycle Days IPRWA —
CAPITAL DEPLOYMENT
 Cash Conversion Ratio —
 CapEx To Revenue -0.045
 CapEx To Depreciation -1.49
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital $ 4.5 B
 Net Invested Capital $ 4.5 B
 Invested Capital $ 4.5 B
 Net Tangible Assets $ 2.8 B
 Net Working Capital —
LIQUIDITY
 Cash Ratio —
 Current Ratio —
Current Ratio QoQ —
Current Ratio YoY —
Current Ratio IPRWA —
 Quick Ratio —
Quick Ratio QoQ —
Quick Ratio YoY —
Quick Ratio IPRWA —
COVERAGE & LEVERAGE
 Debt To EBITDA —
 Cost Of Debt 9.23 %
 Interest Coverage Ratio —
Interest Coverage Ratio QoQ —
Interest Coverage Ratio YoY —
Interest Coverage Ratio IPRWA —
 Operating Cash Flow Ratio —
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO) —
DIVIDENDS
 Dividend Coverage Ratio 243.751
 Dividend Payout Ratio 0.004
 Dividend Rate $ 0.00
 Dividend Yield 0.0
PERFORMANCE GROWTH
 Asset Growth Rate -0.763 %
 Revenue Growth 18.004 %
Revenue Growth QoQ 122.574 %
Revenue Growth YoY 15975.0 %
Revenue Growth IPRWA high: 29.228 %
GBCI: 18.004 %
mean: 5.07 %
median: 1.084 %
low: -23.976 %
 Earnings Growth 27.273 %
Earnings Growth QoQ -341.568 %
Earnings Growth YoY -345.459 %
Earnings Growth IPRWA high: 41.86 %
GBCI: 27.273 %
mean: -2.734 %
median: -3.008 %
low: -43.519 %
MARGINS
 Gross Margin —
Gross Margin QoQ —
Gross Margin YoY —
Gross Margin IPRWA —
 EBIT Margin —
EBIT Margin QoQ —
EBIT Margin YoY —
EBIT Margin IPRWA —
 Return On Sales (ROS) —
Return On Sales QoQ —
Return On Sales YoY —
Return On Sales IPRWA —
CASH FLOW
 Free Cash Flow (FCF) $ 74.3 M
 Free Cash Flow Yield 1.224 %
Free Cash Flow Yield QoQ -38.338 %
Free Cash Flow Yield YoY 31.755 %
Free Cash Flow Yield IPRWA high: 9.54 %
mean: 1.782 %
median: 1.744 %
GBCI: 1.224 %
low: -3.189 %
 Free Cash Growth -36.167 %
Free Cash Growth QoQ -423.874 %
Free Cash Growth YoY -14.471 %
Free Cash Growth IPRWA high: 299.762 %
GBCI: -36.167 %
median: -50.617 %
mean: -59.432 %
low: -368.012 %
 Free Cash To Net Income 0.905
 Cash Flow Margin 30.391 %
 Cash Flow To Earnings 1.108
VALUE & RETURNS
 Economic Value Added $ 0.04
 Return On Assets (ROA) 0.258 %
Return On Assets QoQ 23.445 %
Return On Assets YoY 31.633 %
Return On Assets IPRWA high: 0.612 %
GBCI: 0.258 %
median: 0.255 %
mean: 0.253 %
low: 0.065 %
 Return On Capital Employed (ROCE) —
 Return On Equity (ROE) 0.019
Return On Equity QoQ 27.675 %
Return On Equity YoY 16.446 %
Return On Equity IPRWA high: 0.043
median: 0.023
mean: 0.022
GBCI: 0.019
low: 0.001
 DuPont ROE 1.94 %
 Return On Invested Capital (ROIC) —
Return On Invested Capital QoQ —
Return On Invested Capital YoY —
Return On Invested Capital IPRWA —

Six-Week Outlook

Expect range-bound to modestly positive price action unless a catalyst shifts sentiment: technical indicators show recent dip-and-reverse behavior across momentum measures and price sits above key moving averages, supporting limited upside momentum. The positive MRO and stretched valuation point to greater downside vulnerability if momentum stalls. Short-term scenarios favor consolidation near $47–$49 with tightening volatility; watch for a confirmed MACD cross above the signal line or a sustained rise in ADX as the clearest technical evidence for a more durable move.

About Glacier Bancorp, Inc.

Glacier Bancorp, Inc. (NASDAQ:GBCI) serves as a prominent financial institution based in Kalispell, Montana, with roots tracing back to 1955. As a bank holding company, Glacier Bancorp manages operations through its subsidiary, Glacier Bank, delivering an extensive array of commercial banking services. The company caters to individuals, small to medium-sized businesses, community organizations, and public entities across the United States. Glacier Bancorp provides a comprehensive suite of retail and business banking solutions, including mortgage origination and loan servicing. Its deposit product offerings encompass non-interest and interest-bearing accounts, such as savings accounts, money market deposits, and certificates of deposit. In the lending domain, the company offers construction and permanent residential real estate loans, consumer land loans, and commercial real estate loans. Beyond traditional banking services, Glacier Bancorp extends consumer loans, home equity loans, and agricultural financing, ensuring a broad spectrum of financial solutions for its clients. Committed to fostering community growth and financial stability, Glacier Bancorp positions itself as a dependable partner, driven by a legacy of trust and innovation in the banking sector.



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