Glacier Bancorp Reports $52.8 Million Net Income in Q2 2025, 18% Year-Over-Year Increase

Glacier Bancorp, Inc. reported a net income of $52.8 million for the second quarter of 2025, reflecting an 18% increase from $44.7 million in the same quarter of the previous year. However, this figure represents a slight decline of 3% from the prior quarter's net income of $54.6 million. The diluted earnings per share for the current quarter stood at $0.45, up from $0.39 a year earlier but down from $0.48 in the previous quarter. The increase in net income year-over-year was attributed to higher interest income, which rose to $308.1 million, a 13% increase compared to the same quarter last year, driven by improved loan yields and an expanded loan portfolio.

The company’s total assets reached $29.0 billion as of June 30, 2025, marking a 4% increase from $27.9 billion at the end of 2024. This growth was primarily fueled by a significant rise in loans receivable, which increased to $18.5 billion, up 7% from the previous quarter and 8% from the same period last year. The allowance for credit losses also saw an increase, totaling $226.8 million, reflecting a provision for credit losses of $28.1 million for the first half of 2025, which included $16.7 million related to the acquisition of Bank of Idaho Holding Co. (BOID).

Strategically, Glacier Bancorp completed its acquisition of BOID on April 30, 2025, which added 15 branches across Idaho and Eastern Washington to its operations. The acquisition was valued at approximately $205 million, with the company issuing over 5 million shares of common stock as part of the transaction. The integration of BOID is expected to enhance operational efficiencies and expand the company's market presence. Additionally, Glacier Bancorp announced plans to acquire Guaranty Bancshares, Inc., which will further increase its footprint in Texas, pending regulatory approvals.

Operationally, the company reported a total of 247 locations and a full-time employee count of 3,665, reflecting a workforce increase due to recent acquisitions. The efficiency ratio improved to 62.08% in the current quarter, down from 67.97% a year earlier, indicating better cost management relative to income. The company also maintained a strong liquidity position, with cash and cash equivalents totaling $915.5 million, an increase from the previous year, and a loan-to-deposit ratio of 85.91%.

Looking ahead, Glacier Bancorp remains focused on managing its credit risk and maintaining strong capital ratios, with total stockholders' equity at $3.5 billion as of June 30, 2025. The company is well-positioned to navigate the current economic landscape, although it acknowledges potential challenges from rising interest rates and market volatility. The management's outlook emphasizes continued growth through strategic acquisitions and organic loan portfolio expansion while monitoring economic conditions that may impact performance.