Glacier Bancorp, Inc (NASDAQ:GBCI) Shows Cautious Consolidation Ahead As Momentum Softens

Near-term bias leans toward consolidation as mixed momentum indicators clash with fundamentals that justify a modest premium valuation. Technical signals suggest limited directional conviction while fundamentals show earnings beat and strong liquidity.

Recent News

On March 25, 2026 the Board declared a quarterly dividend of $0.33 per share. The company scheduled its 2026 annual meeting for April 29, 2026 at 9:00 a.m. and filed its Form 10‑Q for the quarter ended March 31, 2026 in late April.

Technical Analysis

ADX sits at 18.03, indicating no strong trend; the lack of trend strength supports a near-term consolidation bias rather than a directional breakout, consistent with the stock’s WMDST valuation of over‑valued.

Directional indicators show DI+ at 25.66 and DI+ trending increasing, which reads as a bullish signal. DI‑ sits at 19.39 and shows a dip-and-reversal; that pattern corresponds to increasing DI‑ and therefore a bearish impulse. The simultaneous DI+ strength and DI‑ reversal produce offsetting forces that favor sideways price action.

MACD stands at 0.32 with a signal line at 0.14; the MACD currently sits above its signal line (a bullish cross), but the MACD trend registers a peak-and-reversal, indicating waning momentum. That combination suggests recent bullish momentum faces the risk of rolling over.

MRO registers 8.36 and shows a dip-and-reversal; the positive MRO implies price sits above target and faces modest downward pressure, signaling limited upside before mean reversion.

RSI at 51.29 with a peak-and-reversal indicates momentum has peaked and supports a cautious short-term view rather than an immediate directional push.

Price sits at $48.15, above the 200‑day average of $46.14 and near short-term averages (20‑day $47.81, 50‑day $48.03). The 12‑day EMA shows a peak-and-reversal while Ichimoku Tenkan/Kijun (Tenkan $48.34, Kijun $48.22) cluster near the current price, placing the market at a technical inflection with Bollinger 1σ band range $46.47–$49.15. Volume has ticked above recent averages (10‑day avg 1,063,499 vs current 1,443,979), but ADX suggests that higher volume has not yet produced a sustained trend.

 


Fundamental Analysis

Operating results show diluted operating EPS of $0.70 versus an estimate of $0.67, an EPS beat of $0.03 or about 4.48% (EPS actual $0.70; EPS estimate $0.67; EPS surprise 4.478%). Net income for the period totaled $82,144,000. WMDST treats earnings performance and liquidity as drivers of the current premium valuation.

Revenue metrics: total revenue $299,591,000. Reported revenue growth QoQ equals 122.57% and revenue growth YoY equals 159.75%; sequential revenue expansion appears substantial on the reported basis. Operating cash flow ended at $1,385,237,000 and free cash flow totaled $74,350,000, yielding a free cash flow yield of 1.224%.

Profitability and returns: return on assets equals 0.258% and return on equity equals 1.933%; both show QoQ improvement (ROA QoQ +23.445 percentage points; ROE QoQ +27.675 percentage points) and YoY gains. Earnings growth reads 27.27% on the provided measure, though short‑term QoQ and YoY growth rates show volatility.

Capital structure and liquidity remain conservative: total assets $31,734,082,000, total equity $4,248,499,000, total debt $322,262,000; debt‑to‑equity equals 0.07585 and debt‑to‑assets equals 0.01016, both down meaningfully QoQ and YoY, indicating lower leverage versus recent periods. Cash balance $1,385,237,000 supports strong short‑term liquidity.

Valuation metrics versus industry peer measures: price‑to‑book at 1.43x compares above the industry peer mean of 1.24822 and above the industry peer median of 1.21571. Price‑to‑earnings at 66.68x sits above the industry peer mean of 47.1592 and above the industry peer median of 44.92866. Forward PE 50.49x also exceeds the industry peer mean of 38.43895. WMDST values the stock as over‑valued, reflecting these premium multiples alongside modest profitability and low payout.

Dividends and shareholder return: the Board declared a quarterly dividend of $0.33 per share (announced March 25, 2026). Dividend payout ratio on the provided trailing basis stands at 0.41% and dividend coverage remains robust at 243.75, indicating capacity to sustain distributions without pressuring capital.

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 trading near the $46–$50 area as mixed momentum (DI conflict, MACD rollover signal, modestly positive MRO) and clustered moving averages keep directional conviction low. Low ADX supports consolidation while above‑average cash and low leverage cap downside from credit shocks. A sustained MACD decline or a renewed DI+ advance should alter the near‑term bias; absent that, price will likely respect short‑term resistance near the Bollinger upper band and find support near the lower band and Ichimoku cloud levels.

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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