회사 개요
Glacier Bancorp, Inc. operates as a bank holding company that provides comprehensive commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities across the United States. The company functions within the Financial Services sector and specifically within the Banks - Regional industry, a segment characterized by localized focus and community-oriented lending practices. As of the latest data, Glacier Bancorp holds a market capitalization of $6.27B and generates annual revenue of $952.72M, supported by a workforce of 3,927 employees. These financial metrics indicate that the entity possesses a substantial asset base and operational scale typical of established regional banking institutions, positioning it to serve a broad spectrum of clients while maintaining a distinct regional footprint in the competitive financial landscape.
재무 건전성
Glacier Bancorp reported total revenue of $952.72M for the trailing twelve months, with a net income of $239.03M, while specific EBITDA figures are not disclosed in the available data. The significant difference between the total revenue figure and the net income amount reveals a substantial cost structure where operating expenses and provisions reduce earnings by approximately 75% of total revenue, which is a standard characteristic for financial institutions where interest expense and operational costs are high. Unlike many industrial peers, the company does not report free cash flow or EBITDA in its public filings, suggesting that liquidity management is primarily assessed through regulatory capital and cash reserve metrics rather than operational cash conversion. The company maintains cash reserves of $1.24B against total debt obligations of $2.84B, indicating a leverage position where liabilities exceed liquid assets, a common dynamic for banks funding loans through deposits. Although the debt-to-equity ratio is not explicitly calculated in the provided facts, the absolute comparison of $1.24B in cash versus $2.84B in debt highlights the importance of deposit stability for meeting obligations. The current ratio and debt-to-equity ratio are marked as unavailable, meaning short-term liquidity relative to current liabilities cannot be quantified using the specific metric currently disclosed. Regarding profitability efficiency, the Return on Equity stands at 6.4% and the Return on Assets is 0.8%, metrics that reflect the management's effectiveness in generating profit from shareholder capital and total assets respectively. The gross margin is reported as 0.0%, which is intrinsic to banking models where services are not sold as discrete goods, while the operating margin of 34.8% and profit margin of 25.1% demonstrate the company's ability to control overhead and deliver net earnings relative to revenue.
밸류에이션 평가
Valuation multiples for Glacier Bancorp show a Trailing Twelve Month P/E ratio of 24.23 and a Forward P/E of 13.22. The substantial disparity between these two figures implies that the market expects earnings to decline significantly in the future, as the forward multiple is nearly half the trailing multiple, suggesting a revision in expected profitability. The Price to Book ratio is 1.49, indicating that the market values the company at a 49% premium over its tangible book value, reflecting confidence in the quality of its loan portfolio and intangible assets. Alternative valuation metrics include a Price to Sales ratio of 6.58 and an EV/EBITDA ratio that is not available for calculation, suggesting that revenue-based valuation is more relevant than earnings-based measures given the earnings volatility. The stock's trading range over the last 52 weeks spans from a low of $36.76 to a high of $53.99, providing a reference band for price volatility analysis. Without the specific current share price in the facts, the exact percentage deviation from the 52-week high cannot be calculated, but the wide range of $17.23 demonstrates the stock's sensitivity to market conditions. The Beta is 0.73, which indicates that the stock's price volatility is approximately 27% lower than the broader market, suggesting a defensive characteristic that may appeal to risk-averse capital seeking stability during market downturns.
Growth & Income
Growth metrics reveal a Revenue Growth of 24.5% year-over-year contrasted with an Earnings Growth of -11.2% year-over-year. This divergence indicates that while the top line is expanding rapidly, net income is contracting, implying that the cost of funds, credit losses, or operating expenses are rising faster than revenue can absorb them. The company offers a Dividend Yield of 2.7% with a Payout Ratio of 82.9%, a high percentage that consumes the majority of the net income. Such a high payout ratio suggests limited capacity to retain earnings for internal reinvestment or that the company is distributing cash aggressively, which could be a concern if earnings do not recover. Given the negative earnings growth, the sustainability of this dividend is questionable as it requires earnings to grow significantly to support such a high payout percentage without cutting the dividend. The overall profile presents a mix of strong revenue expansion and significant income contraction, coupled with a high-yield but potentially fragile dividend policy that warrants close monitoring of future earnings trajectories.