Glacier Bancorp (GBCI) risk factors, FY2025 10-K

Glacier Bancorp's FY2025 10-K, filed Feb 25, 2026, lists 28 risk factors. Against the prior year's 27: 1 new, 14 substantially reworded.

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Risk factors listed
280 groups
New this year
1vs 27 last year
Dropped
0since the prior 10-K
Substantially reworded
14of those kept
Section length
7k wordsItem 1A

What the changes say

  • The bank added tax compliance risks and updated disclosures regarding political policy shifts, artificial intelligence adoption, commercial real estate concentrations, and a rebounding M&A market.

What changed since the prior 10-K

New

  • New

    Legislative, administrative, and judicial changes to tax laws, regulations, and case law may adversely impact our business and financial performance

    Changes in complex tax laws or challenges from tax authorities during audits may negatively impact our effective tax rate and financial results.

Reworded

  • 76% rewritten

    Significant changes or developments in U.S. laws or policies, and the reactions of the national and global economy to such changes, may have a material adverse effect on our business

    Added specific references to current presidential policies, the U.S. debt ceiling, government shutdowns, and regulatory agencies like the CFPB and Federal Reserve.

  • 72% rewritten

    The Company’s business may be materially affected by the emergence of disruptive new technologies or approaches enabled by the rapid pace of innovation unfolding in the AI space

    Removed specific mentions of diminished brand trust and regulatory uncertainties, focusing instead on operational implementation risks, system failures, and increased maintenance costs.

    Was: The Company’s business may be materially affected by the emergence of disruptive new technologies or approaches enabled by the rapid pace of innovation unfolding in the artificial intelligence space

  • 59% rewritten

    Climate impacts may materially adversely affect the Company's business, financial condition, and results of operations

    Updated to reflect federal policy shifts away from climate initiatives alongside the enactment of climate legislation by certain state and local governments.

    Was: Climate change may materially adversely affect the Company's business, financial condition, and results of operations

  • 56% rewritten

    The Bank has a high concentration of loans secured by real estate, so a deterioration in the real estate markets could require material increases in the ACL and adversely affect our business, financial condition, and results of operations

    Narrowed the real estate concern specifically to potential future deterioration in commercial real estate markets in the regions we serve.

  • 48% rewritten

    We may not be able to continue to grow internally or through acquisitions

    Added observations that 2025 saw a sharp increase in banking industry acquisition activity and deal volume driven by a more predictable regulatory environment.

  • 46% rewritten

    We face competition from emerging technologies used to support and enable banking and financial services

    Removed references to client usage of speculative assets such as cryptocurrencies and non-fungible tokens.

    Was: We face competition from technologies used to support and enable banking and financial services

  • 41% rewritten

    National and international economic and geopolitical conditions could adversely affect our future results of operations or market price of our stock

    Updated the U.S. annual inflation rate figure to 2.7% as of December 2025 and added specific geopolitical conflicts like the war in Ukraine and Middle East.

  • 37% rewritten

    Competition in the Bank’s market areas may limit future success

    Added potential competitive threats from technological advancements, further consolidation, and banking charters issued to or acquired by fintech companies.

  • 35% rewritten

    Our business is heavily dependent on the services of members of the senior management team

  • 34% rewritten

    Non-performing assets could increase, which could adversely affect our business, financial condition, and results of operations

  • 27% rewritten

    Economic conditions in the market areas the Bank serves may adversely impact its earnings and could increase the credit risk associated with its loan portfolio and the value of its investment portfolio

  • 25% rewritten

    Fluctuating interest rates can adversely affect profitability and shareholders’ equity

  • 22% rewritten

    A decline in the fair value of the Bank’s investment portfolio could adversely affect earnings and capital

  • 21% rewritten

    Our future performance will depend on our ability to respond timely to technological change

All 28 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Economic conditions in the market areas the Bank serves may adversely impact its earnings and could increase the credit risk associated with its loan portfolio and the value of its investment portfolio27% rewritten
  2. 02Competition in the Bank’s market areas may limit future success37% rewritten
  3. 03We may not be able to continue to grow internally or through acquisitions48% rewritten
  4. 04Growth through future acquisitions could, in some circumstances, adversely affect profitability or other performance measures
  5. 05If goodwill recorded in connection with acquisitions becomes impaired, related accounting charges could have an adverse impact on earnings and capital
  6. 06There can be no assurance we will be able to continue paying dividends on our common stock at recent levels
  7. 07The allowance for credit losses may not be adequate to cover actual loan losses, which could adversely affect earnings
  8. 08The Bank’s loan portfolio mix increases the exposure to credit risks tied to deteriorating conditions
  9. 09The Bank has a high concentration of loans secured by real estate, so a deterioration in the real estate markets could require material increases in the ACL and adversely affect our business, financial condition, and results of operations56% rewritten
  10. 10Non-performing assets could increase, which could adversely affect our business, financial condition, and results of operations34% rewritten
  11. 11A decline in the fair value of the Bank’s investment portfolio could adversely affect earnings and capital22% rewritten
  12. 12The Bank is subject to environmental liability risk associated with our lending activities
  13. 13We face competition from emerging technologies used to support and enable banking and financial services46% rewritten
  14. 14Fluctuating interest rates can adversely affect profitability and shareholders’ equity25% rewritten
  15. 15Our business is subject to the risks of earthquakes, floods, fires, and other catastrophic events
  16. 16Our future performance will depend on our ability to respond timely to technological change21% rewritten
  17. 17The Company’s business may be materially affected by the emergence of disruptive new technologies or approaches enabled by the rapid pace of innovation unfolding in the AI space72% rewritten
  18. 18We have various anti-takeover measures that could impede a takeover
  19. 19We operate in a highly regulated environment and changes or increases in, or supervisory enforcement of, banking or other laws and regulations or governmental fiscal or monetary policies could adversely affect us
  20. 20Increasing regulatory focus on privacy and security issues and expanding laws and regulatory requirements could impact our business models and expose us to increased liability
  21. 21Non-compliance with the Patriot Act, BSA, or other laws and regulations could result in fines or sanctions and limit our ability to get regulatory approval of acquisitions
  22. 22Legislative, administrative, and judicial changes to tax laws, regulations, and case law may adversely impact our business and financial performanceNew
  23. 23National and international economic and geopolitical conditions could adversely affect our future results of operations or market price of our stock41% rewritten
  24. 24Significant changes or developments in U.S. laws or policies, and the reactions of the national and global economy to such changes, may have a material adverse effect on our business76% rewritten
  25. 25Our business is heavily dependent on the services of members of the senior management team35% rewritten
  26. 26We could suffer operational, reputational and financial harm if we fail to properly anticipate and manage risk
  27. 27Changes in accounting standards could materially impact our financial statements
  28. 28Climate impacts may materially adversely affect the Company's business, financial condition, and results of operations59% rewritten

Other Glacier Bancorp 10-Ks

  • FY2024 10-K risk factors
    27 risks

    Glacier Bancorp faces concentrated economic exposure across eight Western states, significant credit risk from real estate loans, and growth dependence on bank acquisitions.

    Filed Feb 25, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.