Regional banking company Glacier Bancorp (NYSE: GBCI) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 21.1% year on year to $240.6 million. Its GAAP profit of $0.45 per share was 19.5% above analysts’ consensus estimates.

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KALISPELL, Mont., July 24, 2025 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent from the prior quarter net income of $54.6 million and an increase of $8.1 million, or 18 percent, from the $44.7 million of net income for the prior year second quarter. Diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39. The current quarter included $3.2 million in acquisition-related expenses and $16.7 million of credit loss expense from the acquisition of BOID. “We continue to be very pleased with the long-term positive momentum that we see in the results this quarter. Net interest income continues to grow, net interest margin growth was very strong and disciplined cost control was evident,” said Randy Chesler, President and Chief Executive Officer.

Company Overview

Operating through seventeen distinct bank divisions with local brands and management teams, Glacier Bancorp (NYSE: GBCI) is a bank holding company that provides various banking services to individuals and businesses across eight western states.

Sales Growth

Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income.

Thankfully, Glacier Bancorp’s 5.3% annualized revenue growth over the last five years was decent. Its growth was slightly above the average bank company and shows its offerings resonate with customers.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Glacier Bancorp’s recent performance shows its demand has slowed as its revenue was flat over the last two years. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Glacier Bancorp’s year-on-year revenue growth of 21.1% was excellent, and its $240.6 million of revenue was in line with Wall Street’s estimates.

Net interest income made up 83.9% of the company’s total revenue during the last five years, meaning Glacier Bancorp barely relies on non-interest income to drive its overall growth.

Markets consistently prioritize net interest income growth over fee-based revenue, recognizing its superior quality and recurring nature compared to the more unpredictable non-interest income streams.

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Tangible Book Value Per Share (TBVPS)

The balance sheet drives banking profitability since earnings flow from the spread between borrowing and lending rates. As such, valuations for these companies concentrate on capital strength and sustainable equity accumulation potential.

This explains why tangible book value per share (TBVPS) stands as the premier banking metric. TBVPS strips away questionable intangible assets, revealing concrete per-share net worth that investors can trust. Traditional metrics like EPS are helpful but face distortion from M&A activity and loan loss accounting rules.

Glacier Bancorp’s TBVPS grew at a sluggish 3% annual clip over the last five years. However, TBVPS growth has accelerated recently, growing by 7.3% annually over the last two years from $17.18 to $19.79 per share.

Over the next 12 months, Consensus estimates call for Glacier Bancorp’s TBVPS to grow by 6.9% to $21.16, mediocre growth rate.

Key Takeaways from Glacier Bancorp’s Q2 Results

We enjoyed seeing Glacier Bancorp beat analysts’ EPS expectations this quarter on a stronger than expected efficiency ratio. We were also happy its tangible book value per share outperformed Wall Street’s estimates. On the other hand, its net interest income slightly missed. Overall, we think this was still a solid quarter with some key areas of upside. The stock remained flat at $44.56 immediately following the results.

Glacier Bancorp may have had a good quarter, but does that mean you should invest right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.