Loading…
← CockpitCompetitor Analysis › GBCI Glacier Bancorp, Inc.Open in the cockpit ↗

Glacier Bancorp, Inc.GBCICompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks

Multi-bank holding company operating community banks across the Mountain West (Montana, Idaho, Utah, Wyoming and neighboring states).

Momentum strong 63
Mkt cap
$6.27B
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$60.9M
20-day average traded
P/B
1.45×
price to book
ROE
8.8%
delivered
Implied ROE
11.2%
what the price asks
Next earnings
83 days
28 Jan 2027
Close · USD$48.16
1D-0.8%
1W-0.8%
1M+12.1%
3M-1.2%
6M-1.3%
YTD+9.3%
1Y+14.9%
ATR %2.7%
Beta0.70
52w lowhigh11.8% off high

What Glacier Bancorp does

Multi-bank holding company operating community banks across the Mountain West (Montana, Idaho, Utah, Wyoming and neighboring states).

Earns mostly from the gap between interest on loans and what it pays on deposits, with mortgage and service fees as add-ons. Each community bank keeps its local name and decision-making under the holding company, and growth has come largely from buying small banks across the Mountain West, such as Altabancorp in Utah in 2021.

Products and services

  • Community/retail banking
  • Commercial banking
  • Residential mortgage origination

Customers

  • Consumers and small/mid-sized businesses in the Mo

Where it sits in the supply chain

  • Financials
  • Banks
  • Regional/community bank holding company

What could go right

  • Mountain West population/business in-migration
  • Accretive bank M&A

What could go wrong

  • Commercial real estate credit risk
  • Net interest margin sensitivity to rates

Moat: narrow (distribution, brand). Locally branded multi-charter community-bank model preserves relationships in less-contested Mountain West markets.

Headquarters: Kalispell, Montana, United States · Founded: 1955 · Employees: 4,087

Named competitors

Glacier Bancorp at a glance

Size Glacier Bancorp (GBCI) is a United States Financials company (Regional Banks) with a market value of $6.27B, the 1030th largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.16 on 6 Nov 2026.

Performance Over six months the shares fell 1.3%, against +5.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 21.2% over the last twelve months (peer median +3.5%); the operating margin is 35.6% (peer median 45.3%).

Valuation It trades at 1.45× book value against a peer median of 1.27× (6th most expensive of 21).

Price implies The share price implies a return on equity of about 11.2%; Glacier Bancorp delivers 8.8%, so the price asks more than the business earns today.

Short interest Short interest is 7.5% of the free float (15 Oct 2026).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 107GBCI 102
Six months, rebased to 100: Glacier Bancorp against the median of its 20 peers (local-currency closes).

Glacier Bancorp financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.64B$1.44B$1.27B$1.14B$950M
Revenue growth—+13%+12%+20%—
Net income$348M$239M$190M$223M$303M
Free cash flow$452M$348M$137M$337M$346M
Capital expenditure$41.5M$26.8M$48.3M$49.3M$23.2M
Total debt$2.26B$2.84B$3.83B$4.49B$3.00B

Quarterly statements and history in the cockpit →

Glacier Bancorp competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%+10%+20%-20%0%5838002966RILBA6015778359601665UBSIBNP8334HWC5830MILIDFCFIRSTBOZK5844AUBABCB2834323410GBCI6-month return →1-month return →
Up and to the right = strong over both horizons. Glacier Bancorp is the large dot.

Fundamentals: return on equity against price-to-book

10%15%20%10×20×5838002966RILBA6015778359UBSIHOMBBNP8334HWC5830MILIDFCFIRSTBOZK5844AUB2834323410GBCIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Glacier Bancorp is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%30%40%0%20%40%5838002966RILBA6015778359UBSIHOMBBNP8334HWCMILIDFCFIRSTBGBCIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Glacier Bancorp is the large dot.

Glacier Bancorp competitors and peer comparison

Head to head with its named competitors (GBCI vs COLB vs WAFD vs FIBK)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Glacier Bancorp GBCI$6.27B-1%+21%9%1.45×11.2%
Columbia Banking System COLB$8.62B+1%+22%11%1.19×9.3%
WaFd WAFD$2.18B-17%0%8%0.81×8.1%
First Interstate BancSystem FIBK$3.50B+4%-4%10%1.12×9.0%
Banner BANR$2.55B+7%+2%10%1.20×10.1%

How Glacier Bancorp compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Glacier Bancorp against its 20 peers (data as of 6 Nov 2026)
MeasureGBCIPeer medianRank in peer set
1-month return+12.1%+0.8%2nd highest of 21
6-month return-1.3%+5.2%6th lowest of 21
Return on equity8.8%10.5%6th lowest of 21
Price / book1.45×1.27×6th most expensive of 21
Trailing P/E18.0×12.8×4th most expensive of 19
ROE the price implies11.2%8.7%6th most demanding of 21
ROE delivered8.8%10.7%5th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Glacier Bancorp GBCIUnited States$6.27B-1%+21%9%1.45×11.2%8.8%
Rakuten Bank 5838.TJapan$6.36B-9%+38%22%2.55×8.1%21.5%
Bank of Suzhou 002966.SZChina$6.41B+12%+5%11%0.79×2.8%10.9%
Ringkjobing Landbobank A/S RILBA.CODenmark$6.44B+16%+2%20%3.58×10.2%20.5%
Bank of Changsha 601577.SSChina$6.03B0%-9%11%0.52×2.8%11.1%
Hachijuni Nagano Bank 8359.TJapan$6.53B+6%+20%7%0.85×5.6%6.5%
Qilu Bank 601665.SSChina$6.02B+2%+1%12%0.75×3.2%12.2%
United Bankshares UBSIUnited States$6.57B+11%+4%9%1.20×9.7%9.4%
Home BancShares HOMBUnited States$5.97B+12%+2%11%1.31×10.2%11.1%
BNP Paribas Bank Polska Spolka Akcyjna BNP.WAPoland$6.65B+20%-8%16%1.59×14.8%16.2%
Gunma Bank 8334.TJapan$5.78B+11%+22%10%1.43×7.8%10.3%
Hancock Whitney HWCUnited States$5.73B+4%-1%9%1.34×12.2%9.4%
Iyogin Holdings,Inc 5830.TJapan$5.61B-3%+13%8%0.91×8.2%7.8%
Bank Millennium MIL.WAPoland$7.04B+26%-2%16%2.80×38.0%15.6%
IDFC First Bank IDFCFIRSTB.NSIndia$7.05B+10%+13%6%1.35×24.3%6.3%
Bank OZK OZKUnited States$5.53B+4%0%11%0.93×8.9%11.3%
Kyoto Financial Group,Inc 5844.TJapan$7.14B-11%+19%8%0.79×5.9%7.9%
Atlantic Union Bankshares AUBUnited States$5.51B+4%+21%11%1.09×9.5%10.7%
Ameris Bancorp ABCBUnited States$5.49B-5%+3%9%1.33×12.1%9.5%
Taiwan Business Bank 2834.TWTaiwan$5.46B+7%-16%9%1.23×4.5%9.2%
KakaoBank 323410.KSSouth Korea$7.28B-15%+6%7%1.46×8.5%n/a

Questions

Who are Glacier Bancorp's main competitors?
Named competitors: Columbia Banking System (COLB), Zions Bancorporation (private or unlisted), Washington Federal (WaFd) (WAFD), First Interstate BancSystem (FIBK), Banner Corporation (BANR). The cockpit's measured peer set (industry) also includes Rakuten Bank (5838.T), Bank of Suzhou (002966.SZ), Ringkjobing Landbobank A/S (RILBA.CO), Bank of Changsha (601577.SS), Hachijuni Nagano Bank (8359.T), Qilu Bank (601665.SS).
Is Glacier Bancorp expensive compared with its peers?
On price / book it trades at 1.45× against a peer median of 1.27×, 6th most expensive of 21 in its peer set. The share price implies a return on equity of about 11.2%; Glacier Bancorp delivers 8.8%, so the price asks more than the business earns today.
How has Glacier Bancorp stock performed?
Over six months to 6 Nov 2026 the shares returned -1.3% against +5.2% for the median peer; over one year +14.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.