Glacier Bancorp, Inc. (GBCI) Balance Sheet
GBCI balance sheet, 2025
December 31, 2025 · U.S. dollars$31.98B assets = $27.76B liabilities + $4.21B equity
Both columns are drawn to the same scale: what GBCI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GBCI financial health
Descriptive bands, not a rating. Fiscal 2025.
GBCI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.45B2016 | $31.98B2025 | +14.5%/yr | |
| Total liabilities | $8.33B2016 | $27.76B2025 | +14.3%/yr | |
| Shareholders’ equity | $1.12B2016 | $4.21B2025 | +15.9%/yr | |
| Cash & short-term investments | $2.58B2016 | $4.33B2025 | +5.9%/yr | |
| Total debt | $645.4M2016 | $2.90B2025 | +18.2%/yr | |
| Net cash (debt) | $1.93B2016 | $1.43B2025 | −$501.3M | |
| Working capital | $5.98B2016 | $25.04B2025 | +$19.1B | |
| Book value per share | $14.632016 | $32.382025 | +9.2%/yr | |
| Debt / equity | 0.582016 | 0.692025 | +0.11 | |
| Shares outstanding | 76.3M2016 | 130.1M2025 | +6.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GBCI assets
GBCI liabilities and equity
GBCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GBCI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.33B | $4.55B | $6.14B | $5.71B | $9.61B | $5.97B | $2.91B | $2.78B | $1.98B | $2.58B |
| Cash & equivalents | $321.5M | $848.4M | $1.35B | $402.0M | $437.7M | $633.1M | $331.0M | $203.8M | $200.0M | $152.5M |
| Short-term investments | $4.01B | $3.71B | $4.79B | $5.31B | $9.17B | $5.34B | $2.58B | $2.57B | $1.78B | $2.43B |
| Receivables | $20.79B | $99.3M | $94.5M | $83.5M | $76.7M | $75.5M | $56.0M | $54.4M | $44.5M | $45.8M |
| Inventory | $0 | $0 | −$17.45B | −$485.6M | −$514.4M | −$710.4M | −$392.1M | $7.5M | $14.3M | $21.0M |
| Other current assets | $0 | $0 | $17.45B | $485.6M | $514.4M | $710.4M | $392.1M | $5.80B | $4.84B | $3.34B |
| Total current assets | $25.12B | $4.65B | $6.23B | $5.79B | $9.69B | $6.05B | $2.96B | $8.64B | $6.88B | $5.99B |
| Property, plant & equipment (net) | $561.8M | $468.2M | $421.8M | $398.1M | $372.6M | $325.3M | $310.3M | $241.5M | $177.3M | $176.2M |
| Goodwill & intangible assets | $1.48B | $1.10B | $1.02B | $1.03B | $1.04B | $569.5M | $519.7M | $338.8M | $192.0M | $159.4M |
| Long-term investments | $7.16B | $7.64B | $8.30B | $9.10B | $10.38B | $5.69B | $12.26B | $11.06B | $6.49B | $5.63B |
| Other non-current assets | $0 | $14.04B | $11.77B | $10.31B | $4.47B | $5.87B | $0 | $0 | $0 | $0 |
| Total assets | $31.98B | $27.90B | $27.74B | $26.64B | $25.94B | $18.50B | $13.68B | $12.12B | $9.71B | $9.45B |
| Liabilities | ||||||||||
| Accounts payable | $32.8M | $33.6M | $125.9M | $4.3M | $2.4M | $3.3M | $4.7M | $4.3M | $3.5M | $3.6M |
| Short-term debt | $2.52B | $1.78B | $1.49B | $2.75B | $1.03B | $1.01B | $603.9M | $682.1M | $563.5M | $514.9M |
| Deferred revenue | — | — | −$125.9M | −$2.75B | −$1.02B | −$1.01B | −$599.2M | −$677.8M | −$560.1M | −$511.3M |
| Total current liabilities | $81.7M | $22.36B | $21.54B | $4.3M | $2.4M | $3.3M | $4.7M | $4.3M | $3.5M | $3.6M |
| Long-term debt | $679.0M | $2.02B | $2.95B | $210.1M | $176.7M | $173.0M | $168.7M | $148.8M | $134.4M | $130.4M |
| Lease obligations | $81.7M | $61.2M | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $27.00B | $304.6M | $225.8M | $0 | $0 | $23.9M | $38.6M | $440.2M | $354.0M | $251.7M |
| Total liabilities | $27.76B | $24.68B | $24.72B | $23.79B | $22.76B | $16.20B | $11.72B | $10.60B | $8.51B | $8.33B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.1M | $1.1M | $1.1M | $1.1M | $954,000 | $923,000 | $845,000 | $780,000 | $765,000 |
| Retained earnings (deficit) | $1.16B | $1.08B | $1.04B | $967.0M | $810.3M | $667.9M | $541.0M | $473.2M | $402.3M | $374.4M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$167.1M | −$309.3M | −$374.1M | −$468.8M | $27.4M | $143.1M | $40.2M | −$9.4M | −$2.0M | −$7.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $4.21B | $3.22B | $3.02B | $2.84B | $3.18B | $2.31B | $1.96B | $1.52B | $1.20B | $1.12B |
| Key figures | ||||||||||
| Total debt | $2.90B | $3.79B | $4.44B | $2.96B | $1.20B | $1.18B | $772.6M | $830.8M | $697.9M | $645.4M |
| Net cash (debt) | $1.43B | $760.8M | $1.70B | $2.75B | $8.41B | $4.79B | $2.13B | $1.94B | $1.28B | $1.93B |
| Working capital | $25.04B | −$17.70B | −$15.31B | $5.79B | $9.68B | $6.04B | $2.96B | $8.63B | $6.88B | $5.98B |
| Tangible book value | $2.73B | $2.12B | $2.00B | $1.82B | $2.14B | $1.74B | $1.44B | $1.18B | $1.01B | $957.5M |
| Book value per share | $32.38 | $28.47 | $27.24 | $25.66 | $31.97 | $24.30 | $22.18 | $18.12 | $15.45 | $14.63 |
| Shares outstanding | 130.1M | 113.2M | 110.9M | 110.8M | 99.4M | 94.9M | 88.4M | 83.7M | 77.6M | 76.3M |
| Current ratio | 307.57 | 0.21 | 0.29 | 1,337.53 | 4,020.43 | 1,829.49 | 632.15 | 2,031.44 | 1,994.37 | 1,670.84 |
| Quick ratio | 307.57 | 0.21 | 0.29 | 1,337.53 | 4,020.43 | 1,829.49 | 632.15 | 665.54 | 586.29 | 732.10 |
| Debt / equity | 0.69 | 1.18 | 1.47 | 1.04 | 0.38 | 0.51 | 0.39 | 0.55 | 0.58 | 0.58 |
| Equity / assets | 13.2% | 11.6% | 10.9% | 10.7% | 12.2% | 12.5% | 14.3% | 12.5% | 12.4% | 11.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $353.7M | $8.03B | $4.33B | $4.74B | $4.77B | $4.83B | $4.55B | $5.42B | $5.30B | $5.42B | $6.14B | $6.41B |
| Cash & equivalents | $353.7M | $1.39B | $321.5M | $854.2M | $915.5M | $981.5M | $848.4M | $987.8M | $800.8M | $788.7M | $1.35B | $1.67B |
| Short-term investments | $3.78B | $6.64B | $4.01B | $3.88B | $3.85B | $3.85B | $3.71B | $4.44B | $4.50B | $4.63B | $4.79B | $4.74B |
| Receivables | $120.3M | $122.8M | $20.79B | $120.3M | $108.3M | $104.0M | $99.3M | $114.1M | $102.3M | $106.1M | $94.5M | $104.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.10B | −$16.48B | −$17.43B | −$1.45B | $14.17B |
| Other current assets | $0 | $41.7M | $0 | $0 | $0 | $0 | $0 | $1.10B | $16.48B | $17.43B | $1.45B | $0 |
| Total current assets | $474.0M | $8.19B | $25.12B | $4.86B | $4.88B | $4.93B | $4.65B | $5.54B | $5.40B | $5.52B | $6.23B | $6.52B |
| Property, plant & equipment (net) | $569.9M | $492.0M | $561.8M | $481.8M | $483.3M | $465.5M | $468.2M | $467.0M | $451.5M | $443.3M | $421.8M | $415.3M |
| Goodwill & intangible assets | $1.47B | $1.48B | $1.48B | $1.18B | $1.19B | $1.10B | $1.10B | $1.11B | $1.07B | $1.07B | $1.02B | $1.02B |
| Long-term investments | $6.49B | $6.67B | $7.16B | $7.13B | $7.31B | $7.52B | $7.64B | $7.88B | $8.02B | $8.19B | $8.30B | $8.31B |
| Other non-current assets | $22.59B | $14.90B | $0 | $15.36B | $15.15B | $13.84B | $14.04B | $13.21B | $12.86B | $12.59B | $11.77B | $11.80B |
| Total assets | $31.60B | $31.73B | $31.98B | $29.02B | $29.00B | $27.86B | $27.90B | $28.21B | $27.81B | $27.82B | $27.74B | $28.06B |
| Liabilities | ||||||||||||
| Accounts payable | $29.5M | $30.5M | $32.8M | $27.7M | $28.0M | $30.2M | $33.6M | $35.4M | $31.0M | $32.6M | $125.9M | $91.9M |
| Short-term debt | $1.95B | $2.14B | $2.52B | $2.01B | $1.98B | $1.86B | $1.78B | $1.83B | $1.63B | $1.54B | $1.49B | $1.50B |
| Deferred revenue | — | — | — | — | — | — | — | — | −$31.0M | −$32.6M | −$125.9M | −$4.15B |
| Total current liabilities | $1.95B | $26.91B | $81.7M | $23.91B | $23.64B | $22.52B | $22.36B | $22.58B | $21.76B | $22.00B | $21.54B | $21.99B |
| Long-term debt | $241.5M | $239.6M | $679.0M | $1.11B | $1.47B | $1.72B | $2.02B | $2.02B | $2.57B | $2.36B | $2.95B | $2.95B |
| Lease obligations | $82.9M | $82.7M | $81.7M | $59.8M | $61.7M | $59.5M | $61.2M | — | — | — | — | — |
| Other long-term liabilities | $25.01B | $336.4M | $27.00B | $383.9M | $357.2M | $335.3M | $304.6M | $361.8M | $334.5M | $349.4M | $225.8M | $255.6M |
| Total liabilities | $27.29B | $27.49B | $27.76B | $25.41B | $25.47B | $24.57B | $24.68B | $24.96B | $24.67B | $24.71B | $24.72B | $25.19B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.2M | $1.2M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Retained earnings (deficit) | $1.25B | $1.20B | $1.16B | $1.14B | $1.11B | $1.10B | $1.08B | $1.06B | $1.05B | $1.04B | $1.04B | $1.03B |
| Accumulated other comprehensive income | −$171.3M | −$176.0M | −$167.1M | −$192.9M | −$238.7M | −$263.1M | −$309.3M | −$262.3M | −$354.7M | −$372.3M | −$374.1M | −$500.4M |
| Total shareholders' equity | $4.31B | $4.25B | $4.21B | $3.61B | $3.54B | $3.29B | $3.22B | $3.25B | $3.14B | $3.11B | $3.02B | $2.87B |
| Key figures | ||||||||||||
| Total debt | $2.19B | $2.41B | $2.90B | $3.18B | $3.51B | $3.62B | $3.79B | $3.85B | $4.20B | $3.90B | $4.44B | $4.45B |
| Net cash (debt) | −$1.84B | $5.62B | $1.43B | $1.56B | $1.26B | $1.21B | $760.8M | $1.58B | $1.10B | $1.52B | $1.70B | $1.97B |
| Working capital | −$1.48B | −$18.72B | $25.04B | −$19.06B | −$18.76B | −$17.59B | −$17.70B | −$17.04B | −$16.36B | −$16.48B | −$15.31B | −$15.47B |
| Tangible book value | $2.84B | $2.77B | $2.73B | $2.43B | $2.35B | $2.19B | $2.12B | $2.14B | $2.07B | $2.04B | $2.00B | $1.85B |
| Book value per share | $33.09 | $32.62 | $32.38 | $31.78 | $31.15 | $28.95 | $28.41 | $28.60 | $27.67 | $27.64 | $27.23 | $25.92 |
| Shares outstanding | 130.3M | 130.2M | 130.1M | 113.5M | 113.5M | 113.5M | 113.5M | 113.5M | 113.4M | 112.6M | 110.9M | 110.9M |
| Current ratio | 0.24 | 0.30 | 307.57 | 0.20 | 0.21 | 0.22 | 0.21 | 0.25 | 0.25 | 0.25 | 0.29 | 0.30 |
| Quick ratio | 0.24 | 0.30 | 307.57 | 0.20 | 0.21 | 0.22 | 0.21 | 0.25 | 0.25 | 0.25 | 0.29 | 0.30 |
| Debt / equity | 0.51 | 0.57 | 0.69 | 0.88 | 0.99 | 1.10 | 1.18 | 1.19 | 1.34 | 1.25 | 1.47 | 1.55 |
| Equity / assets | 13.6% | 13.4% | 13.2% | 12.4% | 12.2% | 11.8% | 11.6% | 11.5% | 11.3% | 11.2% | 10.9% | 10.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
GBCI financial position
At the end of fiscal 2025 (December 31, 2025), Glacier Bancorp had total assets of $32.0 billion (up 14.6% from a year earlier), total liabilities of $27.8 billion and shareholders' equity of $4.2 billion. It held $4.3 billion in cash and short-term investments against $2.9 billion of debt, a net cash position of $1.4 billion. Its current ratio was 307.57. In the latest quarter (ended June 30, 2026) total assets were $31.6 billion and equity $4.3 billion.
Related: GBCI income statement, GBCI cash flow statement, GBCI key metrics. See the GBCI stock overview for the latest quote and news.
GBCI balance sheet FAQ
What are Glacier Bancorp's total assets?
Glacier Bancorp reported total assets of $32.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $27.9 billion a year earlier.
How much debt does Glacier Bancorp have?
Glacier Bancorp had $2.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.69.
How much cash does Glacier Bancorp have?
Glacier Bancorp held $4.3 billion in cash and short-term investments at the end of fiscal 2025; with $2.9 billion of debt that is net cash of $1.4 billion.
What is Glacier Bancorp's book value?
Glacier Bancorp's shareholders' equity (book value) was $4.2 billion at the end of fiscal 2025, or $32.38 per share.
What is Glacier Bancorp's current ratio?
Glacier Bancorp had current assets of $25.1 billion and current liabilities of $81.7 million, a current ratio of 307.57 (it can cover its short-term obligations).
How much goodwill does Glacier Bancorp have?
Glacier Bancorp carried $1.5 billion of goodwill and intangible assets, 4.6% of total assets, at the end of fiscal 2025.