What is Glacier Bancorp, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Glacier Bancorp, Inc.'s reported free cash flow gives $94.11 per share. The share price was $44.75 on September 25, 2026, 52% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 8.0% | 10.0% | $60.76 | +36% |
| Base | 13.0% | 9.0% | $94.11 | +110% |
| Bull | 18.0% | 8.0% | $156.25 | +249% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $119.10 | $126.85 | $136.34 | $148.19 | $163.43 |
| 8.0% | $100.35 | $105.38 | $111.33 | $118.46 | $127.18 |
| 9.0% | $86.70 | $90.14 | $94.11 | $98.74 | $104.21 |
| 10.0% | $76.34 | $78.78 | $81.56 | $84.73 | $88.38 |
| 11.0% | $68.22 | $70.02 | $72.02 | $74.28 | $76.83 |
Where the presets come from
Base: years 1 to 5 grow at Glacier Bancorp, Inc.'s revenue growth rate over the last 5 fiscal years (13.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions