Glacier Bancorp, Inc. (GBCI) Income Statement
GBCI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGBCI revenue and net income
Where GBCI's revenue goes
2025Each bar shows an amount and its share of revenue. GBCI kept 16.8% of revenue as net income.
GBCI profit margins
GBCI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.5% | +15.2% | +12.5% | +13.3% |
| Gross profit | +25.8% | +4.1% | +6.3% | +10.1% |
| Operating income | +44.0% | −4.2% | −0.1% | +8.1% |
| Net income | +25.7% | −7.6% | −2.1% | +7.5% |
| EPS (diluted) | +28.7% | −7.2% | −4.7% | +3.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GBCI quarterly EPS vs estimates
Glacier Bancorp beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.79).
GBCI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.25B | $1.12B | $933.4M | $812.7M | $790.1M | $653.3M | $579.3M | $475.3M | $438.5M |
| Cost of revenue | $442.5M | $463.5M | $340.8M | $61.2M | $41.6M | $67.1M | $42.8M | $45.5M | $40.7M | $32.0M |
| Gross profit | $983.0M | $781.7M | $774.6M | $872.1M | $771.1M | $723.0M | $610.5M | $533.8M | $434.6M | $406.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $453.7M | $383.6M | $359.4M | $352.3M | $294.4M | $270.8M | $238.5M | $209.0M | $173.1M | $163.7M |
| Total operating expenses | $657.1M | $555.4M | $507.0M | $501.9M | $421.7M | $395.0M | $351.3M | $311.6M | $253.6M | $245.8M |
| Operating income | $325.9M | $226.3M | $267.6M | $370.3M | $349.4M | $328.0M | $259.2M | $222.2M | $181.0M | $160.8M |
| Interest income | $1.30B | $1.14B | $969.2M | $829.6M | $681.1M | $627.1M | $546.2M | $469.0M | $375.0M | $344.2M |
| Interest expense | $406.8M | $435.2M | $326.0M | $41.3M | $18.6M | $27.3M | $42.8M | $35.5M | $29.9M | $29.6M |
| Income before taxes | $290.2M | $226.3M | $267.6M | $370.3M | $349.4M | $328.0M | $259.2M | $222.2M | $181.0M | $160.8M |
| Income taxes | $51.2M | $36.2M | $44.7M | $67.1M | $64.7M | $61.6M | $48.6M | $40.3M | $64.6M | $39.7M |
| Net income | $239.0M | $190.1M | $222.9M | $303.2M | $284.8M | $266.4M | $210.5M | $181.9M | $116.4M | $121.1M |
| EBITDA | $374.8M | $268.0M | $304.8M | $406.8M | $381.5M | $358.8M | $286.3M | $244.5M | $198.3M | $179.1M |
| EPS (diluted) | $2.24 | $1.74 | $2.06 | $2.80 | $2.99 | $2.85 | $2.49 | $2.23 | $1.75 | $1.62 |
| Gross margin | 69.0% | 62.8% | 69.4% | 93.4% | 94.9% | 91.5% | 93.4% | 92.1% | 91.4% | 92.7% |
| Operating margin | 22.9% | 18.2% | 24.0% | 39.7% | 43.0% | 41.5% | 39.7% | 38.4% | 38.1% | 36.7% |
| Net margin | 16.8% | 15.3% | 20.0% | 32.5% | 35.0% | 33.7% | 32.2% | 31.4% | 24.5% | 27.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $365.2M | $400.2M | $413.2M | $360.4M | $335.2M | $316.8M | $322.2M | $318.4M | $301.1M | $303.5M | $298.2M | $290.2M |
| Cost of revenue | $88.8M | $99.7M | $106.7M | $107.3M | $120.8M | $107.8M | $114.1M | $117.4M | $110.9M | $121.2M | $110.1M | $101.4M |
| Gross profit | $276.4M | $300.5M | $306.5M | $253.1M | $214.4M | $209.1M | $208.1M | $201.0M | $190.2M | $182.3M | $188.2M | $188.8M |
| Sales, general & admin | $186.7M | $136.7M | $115.6M | $128.8M | $106.6M | $102.6M | $93.0M | $95.9M | $95.8M | $99.0M | $88.8M | $89.0M |
| Total operating expenses | $193.1M | $200.3M | $194.6M | $167.8M | $149.2M | $145.6M | $134.6M | $138.8M | $136.0M | $146.0M | $126.1M | $124.6M |
| Operating income | $83.4M | $100.2M | $112.0M | $85.3M | $65.2M | $63.5M | $73.5M | $62.2M | $54.2M | $36.4M | $62.1M | $64.2M |
| Interest income | $365.2M | $362.3M | $372.8M | $325.0M | $308.1M | $289.9M | $297.0M | $289.6M | $273.8M | $279.4M | $273.5M | $264.9M |
| Interest expense | $88.8M | $93.7M | $106.7M | $99.6M | $100.5M | $99.9M | $105.6M | $109.3M | $107.4M | $112.9M | $107.0M | $97.9M |
| Income before taxes | $124.5M | $100.2M | $76.3M | $85.3M | $65.2M | $63.5M | $73.5M | $62.2M | $54.2M | $36.4M | $62.1M | $64.2M |
| Income taxes | $26.6M | $18.0M | $12.5M | $17.4M | $12.4M | $8.9M | $11.7M | $11.2M | $9.5M | $3.8M | $7.8M | $11.7M |
| Net income | $97.9M | $82.1M | $63.8M | $67.9M | $52.8M | $54.6M | $61.8M | $51.1M | $44.7M | $32.6M | $54.3M | $52.4M |
| EBITDA | $129.5M | $114.0M | $127.0M | $97.0M | $76.6M | $74.3M | $84.5M | $72.8M | $64.5M | $46.2M | $71.6M | $73.3M |
| EPS (diluted) | $0.76 | $0.70 | $0.55 | $0.62 | $0.59 | $0.48 | $0.55 | $0.46 | $0.39 | $0.34 | $0.53 | $0.48 |
| Gross margin | 75.7% | 75.1% | 74.2% | 70.2% | 64.0% | 66.0% | 64.6% | 63.1% | 63.2% | 60.1% | 63.1% | 65.1% |
| Operating margin | 22.8% | 25.0% | 27.1% | 23.7% | 19.4% | 20.0% | 22.8% | 19.5% | 18.0% | 12.0% | 20.8% | 22.1% |
| Net margin | 26.8% | 20.5% | 15.4% | 18.8% | 15.7% | 17.2% | 19.2% | 16.0% | 14.8% | 10.7% | 18.2% | 18.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GBCI's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GBCI financial results
In fiscal year 2025 (ended December 31, 2025), Glacier Bancorp reported revenue of $1.4 billion, up 14.5% from the year before. It had net income of $239.0 million (up 25.7%), a net profit margin of 16.8%. Diluted earnings per share came to $2.24. Over five years revenue grew at an average rate of 12.5% a year.
See the GBCI stock overview for the latest quote and news, or the GBCI chart for price history and technical indicators.
GBCI income statement FAQ
What is Glacier Bancorp's annual revenue?
Glacier Bancorp reported total revenue of $1.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.5% from $1.2 billion the previous year.
Is Glacier Bancorp profitable?
Yes. Glacier Bancorp reported net income of $239.0 million in fiscal 2025, a net profit margin of 16.8%; its operating margin was 22.9%.
What is Glacier Bancorp's gross margin?
Glacier Bancorp's gross margin was 69.0% in fiscal 2025: for every $100 of revenue, Glacier Bancorp kept $69 after the direct cost of its products and services.
How fast is Glacier Bancorp growing?
Revenue grew 12.5% a year on average over the last five fiscal years, from $790.1 million to $1.4 billion.
What are Glacier Bancorp's earnings per share?
Glacier Bancorp earned $2.24 per diluted share in fiscal 2025, compared with $1.74 a year earlier.
When will Glacier Bancorp report its next earnings?
Glacier Bancorp is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Glacier Bancorp's fiscal year end?
Glacier Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.