Glacier Bancorp announced that Executive Vice President and Chief Financial Officer Ron Copher will retire after two decades with the company. Copher will remain in the CFO role until a successor is named and will then serve in an advisory capacity to ensure a smooth transition.
The announcement comes as the bank completes integration of its $476.2‑million all‑stock acquisition of Guaranty Bancshares, which added $3.1 billion in assets and expanded Glacier’s footprint into Texas. Copher’s departure follows a period of strong financial performance, including seven consecutive quarters of net interest margin expansion and a robust deposit franchise.
In the most recent quarter, Glacier reported net income of $63.8 million, or $0.49 per diluted share, matching analyst estimates. Revenue rose to $306.5 million, beating consensus by $5.3 million, driven by higher loan growth and fee income from the Guaranty integration. Net interest margin increased to 3.58% from 2.97% in Q4 2024, a 61‑basis‑point year‑over‑year gain that reflects disciplined interest‑rate management and a favorable mix of high‑margin retail loans.
Management highlighted Copher’s role in steering the bank through multiple acquisitions and maintaining a disciplined cost structure. CEO Randy Chesler said Copher’s “steady leadership, integrity, and financial expertise” helped build a resilient organization that can continue to grow through organic expansion and strategic acquisitions.
The board has engaged Korn Ferry to conduct a search for a new CFO, with a target appointment window of 90 days. The transition plan is designed to preserve continuity in financial strategy and oversight as Glacier moves forward with its growth agenda.
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