In 2025, Glacier Bancorp completed its largest acquisition year in company history, successfully closing the Bank of Idaho transaction in April and the Guaranty Bank & Trust deal in October. These acquisitions expanded Glacier’s presence in high-growth Idaho markets and introduced a new footprint in Texas, enhancing its Southwest region. The Bank of Idaho platform conversion was completed in September, and the Guaranty Bank & Trust integration is scheduled for February 2026. Management highlighted that these strategic moves are expected to add approximately $2.3 billion in combined loans and $1.8 billion in deposits, significantly strengthening the bank’s deposit franchise and positioning it for accelerated loan growth in 2026.

For the quarter ended December 31, 2025, Glacier Bancorp reported diluted earnings per share of $0.49, falling short of the Wall Street consensus estimate of $0.59. This represented a decline from $0.54 per share in the year-ago period. Net interest margin compressed by 12 basis points quarter-over-quarter to 3.45%, primarily due to higher funding costs and the full quarter impact of acquired balances with lower-yielding assets. Net interest income rose modestly by 4% year-over-year to $315 million, bolstered by loan growth but tempered by margin pressure.

Chief Credit Administrator Tom Dolan reported that nonperforming assets remained stable at 0.38% of total assets, compared with 0.40% in the prior quarter. The allowance for credit losses stood at 1.12% of loans, providing 2.9x coverage of nonperforming loans. Net charge-offs were minimal at 0.05% of average loans. Management indicated that seasoning in acquired loan portfolios is proceeding as expected, with a focus on core markets exhibiting low unemployment and healthy real estate valuations.

Glacier Bancorp ended the quarter with a CET1 capital ratio of 10.8%, well in excess of regulatory requirements, reflecting organic earnings retention and limited impact from acquisition-related goodwill. The board authorized a quarterly common dividend of $0.30 per share, representing a 6% increase year-over-year. Looking ahead, management reaffirmed full-year 2026 guidance for loan growth of 8%–10%, return on tangible common equity of 12%–14%, and a net interest margin range of 3.50%–3.60%, assuming steadier funding costs and the accretive impact of recently closed acquisitions.