Filing Flows › Glacier Bancorp (GBCI) › Q1 2025
Glacier Bancorp (GBCI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Glacier Bancorp (GBCI) reported revenue of $223M for the first quarter 2025 (Q1 2025), +13% from a year earlier and -0.2% from the quarter before. Operating margin was 28.5%, net earnings $54.6M (24.5% of revenue).
Glacier Bancorp, Q1 2025: revenue $223M (+13% year over year), operating margin 28.5%, net earnings $54.6M, operating cash flow $52.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $223M | -0.2% | +13% |
| Operating profit | $63.5M | -14% | +75% |
| Net earnings | $54.6M | -12% | +67% |
| Operating cash flow | $52.4M | -49% | — |
| Free cash flow | $46.8M | -49% | — |
What changed
Revenue was $222.6M in Q1 2025, up 13% year over year and roughly flat from the previous quarter.
Operating profit was $63.5M, a 28.5% margin (up 10.0 points year over year). Of the extra revenue versus a year earlier, 104% reached operating profit, above the 19% margin then. Total costs fell 1% while revenue rose 13%. Net earnings were $54.6M, up 67% year over year. The effective tax rate was 14.1%.
Operating cash flow was $52.4M, 96% of net earnings. Non-cash charges added back $2.5M of share-based compensation. Working capital and other items used $4.7M. Capital expenditures of $5.7M left free cash flow of $46.8M.
Questions
What was Glacier Bancorp's revenue in the first quarter 2025?
Glacier Bancorp (GBCI) reported revenue of $223M for the first quarter 2025 (Q1 2025), +13% from a year earlier and -0.2% from the quarter before.
Was Glacier Bancorp profitable in the first quarter 2025?
Operating profit was $63.5M (28.5% of revenue) and net earnings $54.6M.
Source: Glacier Bancorp 10-Q on SEC EDGAR.