First Financial Bankshares, Glacier Bancorp fall as Fed rate-cut expectations shift to December 2026

First Financial Bankshares (FFIN) and Glacier Bancorp (GBCI) shares fell in the May 14, 2026, afternoon session after major Wall Street banks pushed back forecasts for Federal Reserve interest-rate cuts to December 2026 from September 2026. Goldman Sachs and Bank of America revised their timelines after stronger-than-expected jobs and inflation data suggested the U.S. economy may not be slowing enough to prompt earlier easing. The shift lifted Treasury yields, while Bank of America analysts said the risk of another Fed rate increase may be underpriced. Higher-for-longer rates can support bank net interest margins but may weaken loan demand, limiting revenue growth for regional lenders. First Financial Bankshares traded at $31.46, up 4.8% year to date but 17.2% below its 52-week high of $37.98 reached in August 2025.