
Regional lender Glacier Bancorp's GBCI.N shares rise 1.8% to $42.90
GBCI will buy Texas-based Guaranty Bancshares GNTY.N in a $476.2 million all-stock deal
Guaranty shareholders will receive 1 share of Glacier stock for each Guaranty share held, representing $41.58 apiece
GBCI will expand its presence in the Southwest U.S. and enter Texas with the acquisition
Transaction expected to close in Q4 2025
Raymond James says it had long expected GBCI to enter the Lone Star State, adding the deal should provide significant runway for the bank going forward
Says it is also financially compelling for GBCI given the transaction is a no-premium deal