Glacier BANCORP, Inc. (GBCI) intrinsic value & 10-year financials
Glacier BANCORP, Inc. (GBCI) has a Graham intrinsic value of $23.25 per share. At $43.83 on Oct 17, 2026, the stock trades 89% above that value. Over the last 10 fiscal years revenue grew 5.1% a year to $101.1M, with an average return on invested capital of 11.5%.
- Graham intrinsic value
- $23.25
- Share price (Oct 17, 2026)
- $43.83
- Price vs Graham value
- 89% above
- Market cap
- $5.3B
- Revenue (FY2025)
- $101.1M
- Revenue growth (10-yr CAGR)
- 5.1%
- ROIC (10-yr avg)
- 11.5%
- Free cash flow (FY2025)
- $347.6M
GBCI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $101.1M | $239.0M | $1.99 | $347.6M | — | 8.7% |
| FY2024 | $94.0M | $190.1M | $1.68 | $209.8M | — | 9.1% |
| FY2023 | $88.5M | $222.9M | $2.01 | $451.2M | — | 10.5% |
| FY2022 | $82.8M | $303.2M | $2.74 | $436.9M | — | 11.4% |
| FY2021 | $65.2M | $284.8M | $2.86 | — | — | 12.6% |
| FY2020 | $54.5M | $266.4M | $2.81 | — | — | 15.7% |
| FY2019 | $69.9M | $210.5M | $2.38 | — | — | 12.6% |
| FY2018 | $76.7M | $181.9M | $2.17 | — | — | 13.4% |
| FY2017 | $69.8M | $116.4M | $1.50 | — | — | 10.1% |
| FY2016 | $64.7M | $121.1M | $1.59 | — | — | 10.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GLACIER BANCORP, INC. has demonstrated mature, steady growth, with revenue compounding at 5.1% annually over the past decade.
GLACIER BANCORP, INC. returns on capital have been average, hovering around 11.5% ROIC over the decade.
GLACIER BANCORP, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GLACIER BANCORP, INC. is modeled at 2.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $23.25 per share.