Glacier Bancorp Q2 net income rises y/y

Overview

• Glacier Bancorp Q2 diluted EPS falls 6% qtr/qtr, rises 15% yr/yr

• Net income for Q2 declines 3% qtr/qtr, increases 18% yr/yr

• Net interest income grows 9% qtr/qtr, driven by higher loan yields

• Co completes acquisition of Bank of Idaho, plans to acquire Guaranty Bancshares

Outlook

• Company expects Guaranty acquisition to close in Q4 2025

• Company plans to expand into Texas with Guaranty acquisition

• Glacier Bancorp focuses on growth through acquisitions

Result Drivers

• ACQUISITION EXPENSES - $19.9 mln in acquisition-related expenses impacted earnings

• LOAN YIELDS - Higher loan yields contributed to a 9% increase in net interest income qtr/qtr

• DEPOSIT GROWTH - Total deposits rose 5% qtr/qtr, with non-interest bearing deposits increasing 8%

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Glacier Bancorp Inc is $50.00, about 8.2% above its July 23 closing price of $45.88

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNXB0Gyz