Glacier Bancorp (GBCI) Q3 2026 earnings summary

Executive summary

• Record Q3 net income of $104.6M, up 7% QoQ and 54% YoY; diluted EPS was $0.80, up 7% QoQ and 40% YoY.

• Tax-equivalent NIM expanded for an 11th consecutive quarter to 4.01%, supported by balance-sheet repricing, deposit growth and lower funding costs.

Financial highlights

• Q3 net interest income was $289.9M, up 5% QoQ and 29% YoY; PPNR was $138M, up 6% QoQ.

• GAAP diluted EPS was $0.80 versus $0.57 YoY; operating diluted EPS was $0.81 versus $0.62.

• Nine-month net income was $284.6M versus $175.2M; diluted EPS was $2.18 versus $1.51, and adjusted operating diluted EPS was $2.26 versus $1.67.

• Q3 non-interest income was $39.9M, up 13% YoY; non-interest expense was $191.9M, up 14%, mainly reflecting acquired-bank costs.

• Q3 operating results included $1.9M of acquisition-related employment-agreement compensation and an $844K gain on fixed-asset dispositions.

Outlook and guidance

• Loan growth outlook remains low to mid-single digits; originations and pipelines are solid, though activity is entering a seasonally slower period.

• Asset repricing and higher reinvestment yields are expected to support NIM expansion through 2027, with potential to reach the upper end of the historical 4%-4.5% range over time.

• Q4 expenses guided to $187M-$192M, likely near the high end; FY expense outlook is $750M-$760M, likely near $757M.

• Q4 efficiency ratio expected at 54%-55%; Q4 and FY tax rate expected at 21%, subject to additional tax-credit opportunities.