Filing Flows › Glacier Bancorp (GBCI) › Q1 2026
Glacier Bancorp (GBCI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Glacier Bancorp (GBCI) reported revenue of $307M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +0.1% from the quarter before. Operating margin was 32.7%, net earnings $82.1M (26.8% of revenue).
Glacier Bancorp, Q1 2026: revenue $307M (+38% year over year), operating margin 32.7%, net earnings $82.1M, operating cash flow $87.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $307M | +0.1% | +38% |
| Operating profit | $100M | +31% | +58% |
| Net earnings | $82.1M | +29% | +51% |
| Operating cash flow | $87.9M | -29% | +68% |
| Free cash flow | $74.3M | -36% | +59% |
What changed
Revenue was $306.8M in Q1 2026, up 38% year over year and roughly flat from the previous quarter.
Operating profit was $100.2M, a 32.7% margin (up 4.1 points year over year). Of the extra revenue versus Q1 2025, 44% reached operating profit, above the 29% margin then. Total costs grew 30% against revenue growth of 38%. The fastest-growing cost line was Noninterest expense (+33%). Net earnings were $82.1M, up 51% year over year. The effective tax rate was 18.0%.
Operating cash flow was $87.9M (up 68% year over year), 107% of net earnings. Non-cash charges added back $4.5M of share-based compensation. Capital expenditures of $13.5M left free cash flow of $74.3M.
Questions
What was Glacier Bancorp's revenue in the first quarter 2026?
Glacier Bancorp (GBCI) reported revenue of $307M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +0.1% from the quarter before.
Was Glacier Bancorp profitable in the first quarter 2026?
Operating profit was $100M (32.7% of revenue) and net earnings $82.1M.
Source: Glacier Bancorp 10-Q on SEC EDGAR.