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# Glacier Bancorp Earns A Record $105 Million As Lending Margin Reaches 4.01%
- URL: https://www.bullished.co/glacier-bancorp-earns-a-record-105-million-as-lending-margin-reaches-4-01-2390780c/
- Published: 2026-10-22T20:51:01.000Z
- Updated: 2026-10-22T20:51:01.000Z
- Description: The Montana bank's third-quarter profit rose 54% from a year earlier, and its board lifted the quarterly dividend to $0.35 per share.
- Author: Matteo Parrino
- Tags: Earnings, GBCI, Industry: Financials

Glacier Bancorp, the Kalispell, Montana bank holding company, posted record third-quarter net income of [$105 million](https://www.sec.gov/Archives/edgar/data/0000868671/000086867126000074/gbci-09302026xex991.htm?ref=bullished.co), up 54% from $67.9 million a year earlier, according to an [8-K filed](https://www.sec.gov/Archives/edgar/data/0000868671/000086867126000074/gbci-20261022.htm?ref=bullished.co) Thursday. The bank widened its net interest margin for an eleventh straight quarter.

## Margin drives the profit jump

Net income rose 7% from the second quarter's [$97.9 million](https://www.globenewswire.com/news-release/2026/10/22/3386929/21011/en/glacier-bancorp-inc-announces-results-for-the-quarter-and-period-ended-september-30-2026.html?ref=bullished.co). Diluted earnings per share were $0.80, against $0.75 in the prior quarter and $0.57 a year earlier. Adjusted operating earnings per share were $0.81.

Net interest income, the gap between what the bank earns on loans and securities and what it pays for funding, [rose to $290 million](https://www.globenewswire.com/news-release/2026/10/22/3386929/21011/en/glacier-bancorp-inc-announces-results-for-the-quarter-and-period-ended-september-30-2026.html?ref=bullished.co) from $225 million a year earlier, up 29%. The tax-equivalent net interest margin hit 4.01%, up 11 basis points (0.11 percentage points) from the prior quarter and 62 basis points from a year earlier. Total funding costs slipped to 1.32% from 1.58% a year ago.

For the first nine months of 2026, net income was $285 million, up from $175 million a year earlier.

## Deposits outpace loans

Total deposits grew $619 million in the quarter to $25.273 billion, a 10% annualized pace. Loans rose $256 million to $21.620 billion, about 5% annualized.

Glacier is a bank holding company that lends to individuals, small and mid-sized businesses and public entities through Glacier Bank, with locations across nine western and southwestern states. Management said a temporary quarter-end deposit is expected to largely exit in the fourth quarter; excluding it, deposits grew $308 million, or 5% annualized.

Credit costs stayed modest: the quarter's provision was $5.1 million, and net charge-offs were $6.0 million. Non-performing assets were $90.6 million, down $1.2 million from the prior quarter and up 67% from a year earlier.

## Dividend up to $0.35

The board declared a quarterly dividend of $0.35 per share, up $0.02 from the prior quarter and the company's 166th consecutive. CEO Randy Chesler said the bank is "well positioned to return to our historical levels of performance as continued balance sheet repricing drives improved profitability."

CFO Ron Copher said net interest income has grown from $166 million to $290 million over the last eleven consecutive quarters, or 75%. Glacier shares closed at $45.99 on Thursday, up about 3% for the session, before the results came out after the close.

Glacier holds an investor conference call at 11:00 a.m. Eastern on Friday.

### Sources

- [8-K Filing — GLACIER BANCORP, INC. (GBCI)](https://www.sec.gov/Archives/edgar/data/0000868671/000086867126000074/gbci-20261022.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit gbci-09302026xex991.htm — GLACIER BANCORP, INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000868671/000086867126000074/gbci-09302026xex991.htm?ref=bullished.co) — SEC EDGAR
- [Glacier Bancorp, Inc. Announces Results for the Quarter and](https://www.globenewswire.com/news-release/2026/10/22/3386929/21011/en/glacier-bancorp-inc-announces-results-for-the-quarter-and-period-ended-september-30-2026.html?ref=bullished.co) — globenewswire.com