Glacier Bancorp (GBCI) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, April 24, 2026 astatine 11:11 AM CDT 17 min read

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Friday, April 24, 2026 astatine 11 a.m. ET

• Chief Executive Officer — Randall M. Chesler

• Chief Financial Officer — Ronald J. Copher

• Chief Credit Administrator — Tom P. Dolan

• Chief Accounting Officer — Angela Dosey

• Treasurer — Byron J. Pollan

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Randall M. Chesler: Good morning, and convey you for joining america today. With maine present successful Kalispell is Ronald J. Copher, our Chief Financial Officer; Tom P. Dolan, our Chief Credit Administrator; Angela Dosey, our Chief Accounting Officer; and Byron J. Pollan, our Treasurer. I would similar to constituent retired that the treatment contiguous is taxable to the aforesaid forward-looking considerations outlined starting connected leafage 9 of our property release, and we promote you to reappraisal this section. Last night, we issued our net merchandise for 2026, and we judge it represents a large commencement to the twelvemonth with different 4th of beardown results.

Net income was $82.1 million, an summation of $18.4 million, oregon 29%, from the anterior 4th and an summation of $27.6 million, oregon 51%, from the anterior twelvemonth archetypal quarter. Diluted net per stock was $0.63, an summation of $0.14, oregon 29%, from the anterior 4th and an summation of $0.15, oregon 31%, from the anterior twelvemonth archetypal quarter. A cardinal operator of our show continues to beryllium borderline expansion. The nett involvement borderline arsenic a percent of earning assets connected a tax-equivalent ground was 3.80%, an summation of 22 ground points from the anterior 4th and an summation of 76 ground points from the anterior twelvemonth archetypal quarter.

The indebtedness output of 6.16% successful the existent 4th accrued 7 ground points from the anterior 4th and accrued 39 ground points from the anterior twelvemonth archetypal quarter. The full earning assets output of 5.11% successful the existent 4th accrued 11 ground points from the anterior 4th and accrued 50 ground points from the anterior twelvemonth archetypal quarter. The full outgo of backing of 1.40% successful the existent 4th decreased 12 ground points from the anterior 4th and decreased 28 ground points from the anterior twelvemonth archetypal quarter. Turning to equilibrium expanse trends, the indebtedness portfolio of $21 cardinal astatine the extremity of the 4th accrued $106 million, oregon 2% annualized, from the anterior quarter.

The Southwest Region, which includes Arizona and Texas, grew successful excess of 7% annualized during the existent quarter, underscoring the spot of our diversified geographic footprint. On the backing side, full deposits of $24.7 cardinal astatine 4th extremity accrued $151 million, oregon 2% annualized, from the anterior quarter. Noninterest-bearing deposits of $7.4 cardinal accrued $113 million, oregon 6% annualized, from the anterior quarter. Looking past the quarterly acquisition-related expenses, the non-GAAP operating results amusement the halfway spot of the business. Without acquisition expenses, operating EPS was $0.70 per share. Operating expenses were $188.2 cardinal for the quarter, demonstrating accordant outgo control. Our recognition portfolio continues to execute precise well.