Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended June 30, 2026

2nd Quarter 2026 Highlights:

Net income was $97.9 million for the current quarter, an increase of $15.8 million, or 19 percent, from the prior quarter net income of $82.1 million and an increase of $45.1 million, or 85 percent, from the prior year second quarter net income of $52.8 million.
Diluted earnings per share for the current quarter was $0.75 per share, an increase of $0.12 per share, or 19 percent, from the prior quarter diluted earnings per share of $0.63 and an increase of $0.30 per share, or 67 percent, from the prior year second quarter diluted earnings per share of $0.45.
Operating diluted earnings per share¹ for the current quarter was $0.76 per share, an increase of $0.06 per share, or 9 percent, from the prior quarter operating diluted earnings per share of $0.70 and an increase of $0.19 per share, or 33 percent, from the prior year second quarter operating diluted earnings per share of $0.57.
Net interest income for the current quarter was $276 million, an increase of $7.8 million, or 3 percent, from the prior quarter net interest income of $269 million and an increase of $68.8 million, or 33 percent, from the prior year second quarter net interest income of $208 million.
The loan portfolio of $21.364 billion at June 30, 2026 increased $330 million, or 6 percent annualized, from the prior quarter.
Total average deposits of $24.539 billion for the current quarter increased $113 million, or 2 percent annualized, from the prior quarter average deposits.
The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.90 percent, an increase of 10 basis points from the prior quarter net interest margin of 3.80 percent and an increase of 69 basis points from the prior year second quarter net interest margin of 3.21 percent.
The total earning assets yield of 5.14 percent in the current quarter increased 3 basis points from the prior quarter earning assets yield of 5.11 percent and increased 41 basis points from the prior year second quarter earning assets yield of 4.73 percent.
The core deposit cost (including non-interest bearing deposits) of 1.18 percent in the current quarter decreased 2 basis points from the prior quarter core deposit cost of 1.20 percent and decreased 7 basis points from the prior year second quarter core deposit cost of 1.25 percent.
The total cost of funding (including non-interest bearing deposits) of 1.33 percent in the current quarter decreased 7 basis points from the prior quarter total cost of funding of 1.40 percent and decreased 30 basis points from the prior year second quarter total cost of funding of 1.63 percent.
The Company declared a quarterly dividend of $0.33 per share. The Company has declared 165 consecutive quarterly dividends and has increased the dividend 49 times.

First Half 2026 Highlights:

Net income for the first half of 2026 was $180 million, an increase of $72.7 million, or 68 percent, from the prior year first half net income of $107 million.
Diluted earnings per share for the first half of 2026 was $1.38 per share, an increase of $0.45 per share, or 48 percent, from the prior year first half diluted earnings per share of $0.93.
Operating diluted earnings per share for the first half of 2026 was $1.45 per share, an increase of $0.41 per share, or 39 percent, from the prior year first half of 2025 operating diluted earnings per share of $1.04.
Net interest income for the first half of 2026 was $545 million, an increase of $148 million, or 37 percent, from the prior year first half net interest income of $398 million.
The loan portfolio increased $2.831 billion, or 15 percent, from the prior year second quarter.
Total deposits increased $3.026 billion, or 14 percent, from the prior year second quarter.
The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first half of 2026 was 3.85 percent, an increase of 73 basis points from the prior year first half net interest margin of 3.12 percent.
The Company completed the core system conversion of Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”). Guaranty was acquired on October 1, 2025 with total assets of $3.357 billion.
Dividends declared in the first half of 2026 were $0.66 per share.

¹ Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.

Financial Summary

	At or for the Three Months ended							At or for the Six Months ended
(Dollars in thousands, except per share and market data)	Jun 30, 2026			Mar 31, 2026		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Performance results
Net income	$	97,862		82,144		52,781		180,006		107,349
Basic earnings per share	$	0.75		0.63		0.45		1.38		0.93
Diluted earnings per share	$	0.75		0.63		0.45		1.38		0.93
Operating diluted earnings per share (non-GAAP) ¹	$	0.76		0.70		0.57		1.45		1.04
Dividends declared per share	$	0.33		0.33		0.33		0.66		0.66
Market value per share
Closing	$	51.58		44.67		43.08		51.58		43.08
High	$	52.16		53.99		44.70		53.99		52.81
Low	$	44.26		41.87		36.76		41.87		36.76
Selected ratios and other data
Number of common stock shares outstanding		130,202,054		130,124,378		118,550,475		130,202,054		118,550,475
Average outstanding shares - basic		130,167,496		130,052,858		116,890,776		130,110,494		115,180,489
Average outstanding shares - diluted		130,346,888		130,242,765		116,918,290		130,283,236		115,244,550
Return on average assets (annualized)		1.25	%	1.05	%	0.74	%	1.15	%	0.77	%
Return on average equity (annualized)		9.13	%	7.82	%	6.13	%	8.48	%	6.44	%
Efficiency ratio		56.65	%	63.05	%	62.08	%	59.79	%	63.72	%
Operating efficiency ratio (non-GAAP) ¹		56.21	%	59.25	%	61.19	%	57.70	%	63.49	%
Loan to deposit ratio		86.84	%	85.18	%	85.91	%	86.84	%	85.91	%
Number of full time equivalent employees		4,125		4,139		3,665		4,125		3,665
Number of locations		282		282		247		282		247
Number of ATMs		339		337		300		339		300

____________________________

¹		Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.

KALISPELL, Mont., July 23, 2026 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $97.9 million for the current quarter, an increase of $15.8 million, or 19 percent, from the prior quarter net income of $82.1 million and an increase of $45.1 million, or 85 percent, from the prior year second quarter net income of $52.8 million. Diluted earnings per share for the current quarter was $0.75 per share, an increase of $0.12 per share, or 19 percent, from the prior quarter diluted earnings per share of $0.63 and an increase of $0.30 per share, or 67 percent, from the prior year second quarter diluted earnings per share of $0.45. Operating diluted earnings per share for the current quarter was $0.76 per share, an increase of $0.06 per share, or 9 percent, from the prior quarter operating diluted earnings per share of $0.70 and an increase of $0.19 per share, or 33 percent, from the prior year second quarter operating diluted earnings per share of $0.57. The current quarter included $1.6 million in acquisition-related expenses, $2.5 million of compensation from acquisition-related employment agreements and $2.6 million of gains from the sale of former branch facilities and disposal of fixed assets. “We delivered another strong quarter, with record net income, continued net interest margin expansion and solid loan growth,” said Randy Chesler, President and Chief Executive Officer. “Our performance reflects the strength of our diversified community banking model, disciplined balance sheet management and the continued customer focus of our teams across the franchise.”

Net income for the first half of 2026 was $180 million, an increase of $72.7 million, or 68 percent, from the prior year first half net income of $107 million which was driven primarily by the increase in net interest income from the improvement in the net interest margin. Diluted earnings per share for the first half of 2026 was $1.38 per share, an increase of $0.45 per share, or 48 percent, from the prior year first half diluted earnings per share of $0.93. Operating diluted earnings per share for the first half of 2026 was $1.45 per share, an increase of $0.41 per share, or 39 percent, from the prior year first half of 2025 operating diluted earnings per share of $1.04.

Asset Summary

										$ Change from
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026		Dec 31, 2025		Jun 30, 2025		Mar 31, 2026		Dec 31, 2025		Jun 30, 2025
Cash and cash equivalents	$	1,056,679		1,385,237		1,235,261		915,507		(328,558	)	(178,582	)	141,172
Debt securities, available-for-sale		3,482,725		3,585,531		4,007,512		4,024,980		(102,806	)	(524,787	)	(542,255	)
Debt securities, held-to-maturity		3,004,758		3,058,662		3,110,216		3,206,133		(53,904	)	(105,458	)	(201,375	)
Total debt securities		6,487,483		6,644,193		7,117,728		7,231,113		(156,710	)	(630,245	)	(743,630	)
Loans receivable ¹
Residential real estate		2,111,683		2,167,860		2,457,907		1,931,554		(56,177	)	(346,224	)	180,129
Commercial real estate		14,155,059		13,918,178		13,565,512		11,935,109		236,881		589,547		2,219,950
Other commercial		3,615,240		3,466,863		3,497,829		3,303,889		148,377		117,411		311,351
Home equity		1,054,110		1,048,971		977,206		975,429		5,139		76,904		78,681
Other consumer		427,631		431,791		429,342		386,759		(4,160	)	(1,711	)	40,872
Loans receivable		21,363,723		21,033,663		20,927,796		18,532,740		330,060		435,927		2,830,983
Allowance for credit losses		(260,025	)	(255,771	)	(255,319	)	(226,799	)	(4,254	)	(4,706	)	(33,226	)
Loans receivable, net		21,103,698		20,777,892		20,672,477		18,305,941		325,806		431,221		2,797,757
Other assets		2,951,141		2,926,760		2,952,597		2,552,422		24,381		(1,456	)	398,719
Total assets	$	31,599,001		31,734,082		31,978,063		29,004,983		(135,081	)	(379,062	)	2,594,018

_____________________________

¹		In connection with the Guaranty core system conversion, Guaranty loans were reclassified in the prior quarter to conform to the Company’s classifications. There were approximately $236 million of loans reclassified from residential loans into other categories, the majority of which were reclassified to commercial real estate loans.

Total debt securities of $6.487 billion at June 30, 2026 decreased $157 million, or 2 percent, during the current quarter and decreased $744 million, or 10 percent, from the prior year second quarter. The Company selectively purchased debt securities during the current quarter with the Company’s excess liquidity position. Debt securities represented 21 percent of total assets at June 30, 2026 and March 31, 2026 compared to 25 percent at June 30, 2025.

The loan portfolio of $21.364 billion at June 30, 2026 increased $330 million, or 6 percent annualized, from the prior quarter. The loan portfolio increased $2.831 billion, or 15 percent, from the prior year second quarter. Excluding the Guaranty acquisition on October 1, 2025, the loan portfolio organically increased $728 million, or 4 percent, from the prior year second quarter.

Credit Quality Summary

	At or for the Six Months ended			At or for the Three Months ended		At or for the Year ended		At or for the Six Months ended
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026		Dec 31, 2025		Jun 30, 2025
Allowance for credit losses
Balance at beginning of period	$	255,319		255,319		206,041		206,041
Acquisitions		—		—		154		35
Provision for credit losses		13,639		3,514		61,846		24,163
Charge-offs		(11,562	)	(4,186	)	(18,682	)	(7,236	)
Recoveries		2,629		1,124		5,960		3,796
Balance at end of period	$	260,025		255,771		255,319		226,799
Provision for credit losses
Loan portfolio	$	13,639		3,514		61,846		24,163
Unfunded loan commitments		(1,220	)	2,550		9,554		3,918
Total provision for credit losses	$	12,419		6,064		71,400		28,081
Other real estate owned	$	1,219		1,417		284		1,737
Other foreclosed assets		322		193		127		142
Accruing loans 90 days or more past due		15,867		13,470		5,997		11,371
Non-accrual loans		74,441		64,415		62,487		35,356
Total non-performing assets	$	91,849		79,495		68,895		48,606
Non-performing assets as a percentage of subsidiary assets		0.29	%	0.25	%	0.22	%	0.17	%
Allowance for credit losses as a percentage of non-performing loans		288	%	328	%	373	%	485	%
Allowance for credit losses as a percentage of total loans		1.22	%	1.22	%	1.22	%	1.22	%
Net charge-offs as a percentage of total loans		0.04	%	0.02	%	0.06	%	0.02	%
Accruing loans 30-89 days past due	$	65,483		91,760		78,826		54,403
U.S. government guarantees included in non-performing assets	$	7,497		8,066		8,733		2,651

Early stage delinquencies (accruing loans 30-89 days past due) of $65.5 million at June 30, 2026 decreased $26.3 million from the prior quarter and increased $11.1 million from the prior year second quarter. Early stage delinquencies as a percentage of loans at June 30, 2026 were 0.31 percent compared to 0.44 percent for the prior quarter and 0.29 percent for the prior year second quarter. Non-performing assets of $91.8 million at June 30, 2026 increased $12.4 million, or 16 percent, over the prior quarter and increased $43.2 million, or 89 percent, over the prior year second quarter.

The current quarter provision for credit loss expense of $6.4 million included $10.1 million of credit loss expense on loans and $3.7 million of credit loss benefit on unfunded loan commitments. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at each of June 30, 2026, December 31, 2025 and June 30, 2025. Loan portfolio growth, composition, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the ACL on loans.

Credit Quality Trends and Provision for Credit Losses on the Loan Portfolio

(Dollars in thousands)	Provision for Credit Losses Loans		Net Charge-Offs		ACL as a Percent of Loans		Accruing Loans 30-89 Days Past Due as a Percent of Loans		Non-Performing Assets to Total Subsidiary Assets
Second quarter 2026	$	10,125	$	5,871	1.22	%	0.31	%	0.29	%
First quarter 2026		3,514		3,062	1.22	%	0.44	%	0.25	%
Fourth quarter 2025		32,491		6,368	1.22	%	0.38	%	0.22	%
Third quarter 2025		5,192		2,914	1.22	%	0.21	%	0.19	%
Second quarter 2025		18,009		1,645	1.22	%	0.29	%	0.17	%
First quarter 2025		6,154		1,795	1.22	%	0.27	%	0.14	%
Fourth quarter 2024		6,041		5,170	1.19	%	0.19	%	0.10	%
Third quarter 2024		6,981		2,766	1.19	%	0.33	%	0.10	%

Net charge-offs for the current quarter were $5.9 million compared to $3.1 million in the prior quarter and $1.6 million for the prior year second quarter. The current quarter net charge-offs included $2.8 million in deposit overdraft net charge-offs and $3.1 million of net loan charge-offs.

Supplemental information regarding credit quality and identification of the Company’s loan portfolio based on the regulatory classification of loans is provided in the tables at the end of this press release. The regulatory classification of loans is based primarily on collateral type while the Company’s loan segments presented herein are based on the purpose of the loan.

Liability Summary

						$ Change from
(Dollars in thousands)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Jun 30, 2025	Mar 31, 2026		Dec 31, 2025		Jun 30, 2025
Deposits
Non-interest bearing deposits	$	7,423,439	7,427,280	7,314,779	6,593,728	(3,841	)	108,660		829,711
NOW and DDA accounts		6,192,363	6,217,728	6,236,551	5,747,388	(25,365	)	(44,188	)	444,975
Savings accounts		3,169,141	3,193,293	3,158,939	2,956,387	(24,152	)	10,202		212,754
Money market deposit accounts		4,132,820	4,049,361	3,948,201	3,089,115	83,459		184,619		1,043,705
Certificate accounts		3,732,971	3,851,209	3,928,550	3,238,576	(118,238	)	(195,579	)	494,395
Core deposits, total		24,650,734	24,738,871	24,587,020	21,625,194	(88,137	)	63,714		3,025,540
Wholesale deposits		3,383	3,000	4,076	3,308	383		(693	)	75
Deposits, total		24,654,117	24,741,871	24,591,096	21,628,502	(87,754	)	63,021		3,025,615
Repurchase agreements		1,952,501	2,085,623	2,084,113	1,976,228	(133,122	)	(131,612	)	(23,727	)
Deposits and repurchase
agreements, total		26,606,618	26,827,494	26,675,209	23,604,730	(220,876	)	(68,591	)	3,001,888
Federal Home Loan Bank advances		—	—	440,000	1,255,088	—		(440,000	)	(1,255,088	)
Other borrowed funds		52,880	51,564	51,473	62,366	1,316		1,407		(9,486	)
Finance lease liabilities		31,606	31,209	28,808	19,405	397		2,798		12,201
Subordinated debentures		188,573	188,032	187,492	157,127	541		1,081		31,446
Other liabilities		406,302	387,284	381,260	374,003	19,018		25,042		32,299
Total liabilities	$	27,285,979	27,485,583	27,764,242	25,472,719	(199,604	)	(478,263	)	1,813,260

Total deposits of $24.654 billion at June 30, 2026 decreased $87.8 million, or 35 basis points, during the current quarter and increased $3.026 billion, or 14 percent, from the prior year second quarter. Excluding the Guaranty acquisition, total deposits organically increased $319 million, or 1 percent, from the prior year second quarter.

Non-interest bearing deposits of $7.423 billion at June 30, 2026 decreased $3.8 million, or 5 basis points, from the prior quarter and increased $830 million, or 13 percent, from the prior year second quarter. Non-interest bearing deposits represented 30 percent of total deposits at June 30, 2026, March 31, 2026 and June 30, 2025.

Stockholders’ Equity Summary

										$ Change from
(Dollars in thousands, except per share data)	Jun 30, 2026			Mar 31, 2026		Dec 31, 2025		Jun 30, 2025		Mar 31, 2026	Dec 31, 2025		Jun 30, 2025
Common equity	$	4,484,316		4,424,548		4,380,931		3,770,919		59,768	103,385		713,397
Accumulated other comprehensive loss		(171,294	)	(176,049	)	(167,110	)	(238,655	)	4,755	(4,184	)	67,361
Total stockholders’ equity		4,313,022		4,248,499		4,213,821		3,532,264		64,523	99,201		780,758
Goodwill and intangibles, net		(1,473,954	)	(1,478,753	)	(1,483,552	)	(1,186,350	)	4,799	9,598		(287,604	)
Tangible stockholders’ equity (non-GAAP) ¹	$	2,839,068		2,769,746		2,730,269		2,345,914		69,322	108,799		493,154
Stockholders’ equity to total assets		13.65	%	13.39	%	13.18	%	12.18	%
Tangible stockholders’ equity to total tangible assets (non-GAAP) ¹		9.42	%	9.15	%	8.95	%	8.43	%
Book value per common share	$	33.13		32.65		32.42		29.80		0.48	0.71		3.33
Tangible book value per common share (non-GAAP) ¹	$	21.81		21.29		21.01		19.79		0.52	0.80		2.02

______________________________

¹		Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.

Tangible stockholders’ equity of $2.839 billion at June 30, 2026 increased $69 million, or 3 percent, compared to the prior quarter and was primarily due to earnings retention. Tangible stockholders’ equity increased $493 million, or 21 percent, from the prior year second quarter and was primarily due to $560 million of Company stock issued in connection with the Guaranty acquisition, earnings retention and a $67 million decrease in other comprehensive loss. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the Guaranty acquisition. Tangible book value per common share of $21.81 at the current quarter end increased $0.52 per share, or 2 percent, from the prior quarter and increased $2.02 per share, or 10 percent, from the prior year second quarter.

Cash Dividends
On June 23, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable July 16, 2026 to shareholders of record on July 7, 2026. The dividend was the Company’s 165th consecutive regular dividend. Future cash dividends will depend on a variety of factors, including net income, capital, asset quality, general economic conditions and regulatory considerations.

Operating Results for Three Months Ended June 30, 2026
Compared to March 31, 2026 and June 30, 2025

Income Summary

	Three Months ended							$ Change from
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026		Jun 30, 2025		Mar 31, 2026		Jun 30, 2025
Net interest income
Interest income	$	365,220		362,337		308,115		2,883		57,105
Interest expense		88,792		93,660		100,499		(4,868	)	(11,707	)
Total net interest income		276,428		268,677		207,616		7,751		68,812
Non-interest income
Deposit service charges and other fees		16,351		15,265		13,910		1,086		2,441
Payment services		12,012		11,368		10,457		644		1,555
Miscellaneous loan fees and charges		2,558		2,279		1,890		279		668
Gain on sale of loans		5,007		5,108		4,273		(101	)	734
Gain (loss) on sale of securities		—		—		—		—		—
Other income		5,173		4,062		2,414		1,111		2,759
Total non-interest income		41,101		38,082		32,944		3,019		8,157
Total income	$	317,529		306,759		240,560		10,770		76,969
Net interest margin (tax-equivalent)		3.90	%	3.80	%	3.21	%
Core net interest margin (tax-equivalent) (non-GAAP) ¹		3.86	%	3.73	%	3.18	%

_____________________________

¹		Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.

Net Interest Income
Net interest income of $276 million for the current quarter increased $7.8 million, or 3 percent, from the prior quarter net interest income of $269 million and increased $68.8 million, or 33 percent, from the prior year second quarter net interest income of $208 million. The current quarter interest income of $365 million increased $2.9 million, or 1 percent, over the prior quarter and increased $57.1 million, or 19 percent, over the prior year second quarter and was primarily driven by both increased loans and increased interest rates on the loan portfolio. The loan yield of 6.12 percent in the current quarter decreased 4 basis points from the prior quarter loan yield of 6.16 percent and was principally due to a 3 basis points decrease in loan discount accretion and a 2 basis points decrease in non-accrual loan interest reversal. The core loan yield of 6.06 percent in the current quarter increased 1 basis point from the prior quarter core loan yield of 6.05 percent. The loan yield increased 26 basis points from the prior year second quarter loan yield of 5.86 percent.

The current quarter interest expense of $88.8 million decreased $4.9 million, or 5 percent, from the prior quarter, and decreased $11.7 million, or 12 percent, from the prior year second quarter primarily due to a decrease in interest rates on deposits and a decrease in higher cost borrowings. Core deposit cost (including non-interest bearing deposits) decreased to 1.18 percent in the current quarter compared to 1.20 percent in the prior quarter and 1.25 percent in the prior year second quarter. The total funding cost (including non-interest bearing deposits) decreased to 1.33 percent in the current quarter compared to 1.40 percent in the prior quarter and 1.63 percent in the prior year second quarter.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.90 percent, an increase of 10 basis points from the prior quarter net interest margin of 3.80 percent and was primarily driven by the shift in the earning assets mix to higher yielding loans and a decrease in high cost borrowings. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter increased 69 basis points from the prior year second quarter net interest margin of 3.21 percent and was primarily driven by the increase in loan yields, the shift in the earning assets mix to higher yielding loans and the decrease in high cost borrowings. Core net interest margin was 3.86 percent in the current quarter compared to 3.73 percent in the prior quarter and 3.18 percent in the prior year second quarter. “The Company’s net interest margin increased for the tenth consecutive quarter,” said Ron Copher, Chief Financial Officer. “The continued increase in the earning assets yield combined with decreases in core deposit costs and wholesale funding contributed to the 10 basis points increase in the net interest margin as it expanded to 3.90 percent in the current quarter.”

Non-interest Income
Non-interest income for the current quarter totaled $41.1 million, which was an increase of $3.0 million, or 8 percent, over the prior quarter. Non-interest income increased $8.2 million, or 25 percent, over the prior year second quarter. Deposit service charges and other fees of $16.4 million for the current quarter increased $1.1 million, or 7 percent, compared to the prior quarter and increased $2.4 million, or 18 percent, from the prior year second quarter. Payment services of $12.0 million for the current quarter increased $644 thousand, or 6 percent, from the prior quarter and increased $1.6 million, or 15 percent, over the prior year second quarter.

Non-interest Expense Summary

	Three Months ended				$ Change from
(Dollars in thousands)	Jun 30, 2026		Mar 31, 2026	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025
Compensation and employee benefits	$	116,299	115,770	94,355	529		21,944
Occupancy and equipment		15,661	15,682	12,558	(21	)	3,103
Advertising and promotions		5,092	5,256	4,394	(164	)	698
Data processing		12,380	13,273	9,883	(893	)	2,497
Other real estate owned and foreclosed assets		83	206	26	(123	)	57
Regulatory assessments and insurance		5,506	6,403	5,847	(897	)	(341	)
Intangibles amortization		4,799	4,799	3,624	—		1,175
Other expenses		26,880	39,140	24,432	(12,260	)	2,448
Total non-interest expense	$	186,700	200,529	155,119	(13,829	)	31,581

Total non-interest expense of $187 million for the current quarter decreased $13.8 million, or 7 percent, over the prior quarter. Total non-interest expense increased $31.6 million, or 20 percent, over the prior year second quarter and was primarily driven by increased costs from the acquired banks.

Compensation and employee benefits of $116 million for the current quarter increased by $529 thousand, or 46 basis points, over the prior quarter. Compensation and employee benefits increased $21.9 million, or 23 percent, from the prior year second quarter and was primarily driven by annual salary increases and increases in staffing levels from the acquired banks. Other expenses of $26.9 million decreased $12.3 million, or 31 percent, from the prior quarter and was primarily driven by $7.3 million of decreased acquisition-related expenses and a $3.1 million increase in gains from the sale of former branch facilities and disposal of fixed assets.

Acquisition-related expense was $1.6 million in the current quarter compared to $8.9 million in the prior quarter and $3.2 million in the prior year second quarter. In addition, compensation and employee benefits included $2.5 million of expense attributable to acquisition-related employment agreements in the current quarter compared to $2.8 million in the prior quarter and $544 thousand in the prior year second quarter.

Federal and State Income Tax Expense
Tax expense during the second quarter of 2026 was $26.6 million, an increase of $8.6 million, or 48 percent, compared to the prior quarter and an increase of $14.2 million, or 115 percent, from the prior year second quarter. The effective tax rate in the current quarter was 21.4 percent compared to 18.0 percent in the prior quarter and 19.02 percent in the prior year second quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter was primarily driven by an increase in pre-tax income and a decrease in federal tax credits. The higher tax expense and higher effective tax rate compared to prior year second quarter was primarily due to an increase in pre-tax income.

Efficiency Ratio
The efficiency ratio was 56.65 percent in the current quarter compared to 63.05 percent in the prior quarter and 62.08 percent in the prior year second quarter. The decrease from the prior quarter was primarily driven by the combination of a decrease in non-interest expense and an increase in net interest income. The decrease from the prior year second quarter was primarily due to the increase in net interest income which outpaced the increase in non-interest expense.

Operating Results for Six Months Ended June 30, 2026
Compared to June 30, 2025

Income Summary

	Six Months ended
(Dollars in thousands)	Jun 30, 2026			Jun 30, 2025			$ Change			% Change
Net interest income
Interest income	$	727,557		$	598,040		$	129,517		22	%
Interest expense		182,452			200,445			(17,993	)	(9)%
Total net interest income		545,105			397,595			147,510		37	%
Non-interest income
Deposit service charges and other fees		31,616			27,125			4,491		17	%
Payment Services		23,380			19,785			3,595		18	%
Miscellaneous loan fees and charges		4,837			3,581			1,256		35	%
Gain on sale of loans		10,115			8,584			1,531		18	%
Gain (loss) on sale of securities		—			—			—		N/A
Other income		9,235			6,511			2,724		42	%
Total non-interest income		79,183			65,586			13,597		21	%
Total Income	$	624,288		$	463,181		$	161,107		35	%
Net interest margin (tax-equivalent)		3.85	%		3.12	%
Core net interest margin (tax-equivalent) (non-GAAP)¹		3.79	%		3.08	%

______________________________

¹		Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.

Net Interest Income
Net interest income of $545 million for the first half of 2026 increased $148 million, or 37 percent, from the first half of the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $728 million for the first half of 2026 increased $130 million, or 22 percent, from the prior year and was primarily attributable to the increase in the loan portfolio and an increase in loan yields. The loan yield was 6.14 percent during the first half of 2026, an increase of 32 basis points from the prior year first half loan yield of 5.82 percent.

Interest expense of $182 million for the first half of 2026 decreased $18.0 million, or 9 percent, over the same period in the prior year and was primarily the result of lower interest rates on deposits and a decrease in higher cost borrowings. Core deposit cost (including non-interest bearing deposits) was 1.19 percent for the first half of 2026, which was a decrease of 6 basis points over the first half of the prior year core deposit cost of 1.25 percent. The total funding cost (including non-interest bearing deposits) for the first half of 2026 was 1.36 percent, which was a decrease of 29 basis points over the first half of the prior year funding cost of 1.65 percent.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first half of 2026 was 3.85 percent, a 73 basis points increase from the net interest margin of 3.12 percent for the first half of the prior year. Core net interest margin during the first half of 2026 was 3.79 percent compared to 3.08 percent in the prior year first half. The increase in net interest margin from the prior year was primarily driven by a 32 basis points increase in loan yields and a 29 basis points decrease in total funding costs combined with a shift in earning asset mix to higher yielding loans and a shift in funding liabilities to lower cost deposits.

Non-interest Income
Non-interest income of $79.2 million for the first half of 2026 increased $13.6 million, or 21 percent, over the first half of the prior year and was primarily driven by increased income from the acquired banks. Deposit service charges and other fees of $31.6 million for the first half of 2026 increased $4.5 million, or 17 percent, over the first half of the prior year. Payment services of $23.4 million for the first half of 2026 increased by $3.6 million, or 18 percent, over the first half of the prior year.

Non-interest Expense Summary

	Six Months ended
(Dollars in thousands)	Jun 30, 2026		Jun 30, 2025		$ Change		% Change
Compensation and employee benefits	$	232,069	$	185,798	$	46,271	25	%
Occupancy and equipment		31,343		24,852		6,491	26	%
Advertising and promotions		10,348		8,538		1,810	21	%
Data processing		25,653		19,021		6,632	35	%
Other real estate owned and foreclosed assets		289		89		200	225	%
Regulatory assessments and insurance		11,909		11,381		528	5	%
Core deposit intangibles amortization		9,598		6,894		2,704	39	%
Other expenses		66,020		49,864		16,156	32	%
Total non-interest expense	$	387,229	$	306,437	$	80,792	26	%

Total non-interest expense of $387 million for the first half of 2026 increased $80.8 million, or 26 percent, over the first half of the prior year and was primarily driven by increased costs from the acquired banks. Compensation and employee benefits expense of $232 million in the first half of 2026 increased $46.3 million, or 25 percent, over the first half of the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Occupancy and equipment expense of $31.3 million in the first half of 2026 increased $6.5 million, or 26 percent, over the first half of the prior year primarily due to increased costs from the acquired banks. Data processing expense of $25.7 million in the first half of 2026 increased $6.6 million, or 35 percent, over the first half of the prior year primarily due to increased costs from the acquired banks. Other expenses of $66.0 million for the first half of 2026 increased $16.2 million, or 32 percent, from the first half of the prior year and was primarily driven by an increase in acquisition-related expenses.

Acquisition-related expense was $10.5 million in the first half of the current year compared to $3.8 million in the prior year first half. In addition, compensation and employee benefits included $5.2 million of expense attributable to acquisition-related employment agreements in the first half of the current year compared to $795 thousand in the first half of the prior year.

Provision for Credit Losses
The provision for credit loss expense was $12.4 million for the first half of 2026, a decrease of $15.7 million, or 56 percent, over the same period in the prior year. Included in the first half of the prior year provision for credit losses was $16.7 million from the acquisition of Bank of Idaho. Net charge-offs for the first half of 2026 were $8.9 million compared to $3.4 million in the first half of 2025.

Federal and State Income Tax Expense
Tax expense of $44.6 million for the first half of 2026 increased $23.3 million, or 109 percent, over the same period in the prior year. The effective tax rate for the first half of 2026 was 19.9 percent compared to 16.6 percent for the same period in the prior year. The increase in tax expense and the increase in the effective tax rate was the primarily the result of an increase in the pre-tax income.

Efficiency Ratio
The efficiency ratio was 59.79 percent for the first half of 2026 compared to 63.72 percent for the same period of 2025. The decrease from the prior year was primarily attributable to the increase in net interest income that outpaced the increase in non-interest expense.

Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about the Company’s plans, objectives, expectations and intentions that are not historical facts, and other statements identified by words such as “expects,” “anticipates,” “will,” “intends,” “plans,” “believes,” “should,” “projects,” “seeks,” “estimates” or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are based on assumptions that are subject to change. The following factors, among others, could cause actual results to differ materially from the anticipated results (express or implied) or other expectations in the forward-looking statements, including those made in this news release:

risks associated with lending and potential adverse changes in the credit quality of the Company’s loan portfolio;
changes in monetary and fiscal policies, including interest rate policies of the Federal Reserve Board, which could adversely affect the Company’s net interest income and margin, the fair value of its financial instruments, profitability, and stockholders’ equity;
legislative or regulatory changes, including the possibility of increases in FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increases or changes in banking and consumer protection regulations, that may adversely affect the Company’s business and strategies;
risks related to overall economic conditions, including the impact on the economy of an uncertain interest rate environment, inflationary pressures, recently passed legislation and the potential for significant additional changes in economic and trade policies in the current administration;
risks to the Company’s business and the business of the Company’s customers arising from current or future tariffs or other trade restrictions, labor or supply chain issues, change in labor force, or geopolitical instability, including the wars in Iran and Ukraine, further conflicts in the Middle East, and potential for future conflicts or disruptions in other parts of the world;
risks associated with the Company’s ability to negotiate, complete, and successfully integrate acquisitions;
costs or difficulties related to the completion and integration of future or recently completed acquisitions;
impairment of the goodwill recorded by the Company in connection with acquisitions, which may have an adverse impact on earnings and capital;
reduction in demand for banking products and services, whether as a result of changes in customer behavior, economic conditions, banking environment, or competition;
deterioration of the reputation of banks and the financial services industry, which could adversely affect the Company's ability to obtain and maintain customers;
changes in the competitive landscape, including as may result from new market entrants, additional competition from internet-based financial institutions operating nationally, or further consolidation in the financial services industry, resulting in increased competition, including the creation of larger competitors with greater financial resources;
risks presented by public stock market volatility, which could adversely affect the market price of the Company’s common stock and the ability to raise additional capital or grow through acquisitions;
risks related to rapidly evolving artificial intelligence technologies;
risks associated with dependence on the Chief Executive Officer, the senior management team and the Presidents of Glacier Bank’s divisions;
material failure, potential interruption or breach in security of the Company’s systems or changes in technology which could expose the Company to cybersecurity risks, fraud, system failures, or direct liabilities;
risks related to natural disasters, including droughts, fires, floods, earthquakes, pandemics, and other unexpected events;
success in managing risks involved in any of the foregoing; and
effects of any reputational damage to the Company resulting from any of the foregoing.

The Company does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that actual results are likely to differ materially from those expressed in such forward-looking statement.

Conference Call Information
A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, July 24, 2026. Please note that our conference call host no longer offers a general dial-in number. Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register-conf.media-server.com/register/BIa64d0770f93544c4992aa6382dbe6242. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/53sx3j3i.

About Glacier Bancorp, Inc.
Glacier Bancorp, Inc. (NYSE: GBCI), a member of the Russell 2000® and the S&P MidCap 400® indices, is the parent company for Glacier Bank and its Bank divisions located across its nine state footprint: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Guaranty Bank & Trust (Mount Pleasant, TX), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).

Non-GAAP Financial Measures
Certain financial measures and ratios the Company presents are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles (GAAP). The Company refers to these financial measures and ratios as “non-GAAP financial measures.” A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is provided in the tables within this press release. The Company considers the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision making and in evaluating period-to-period comparisons. The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain income, expense, or intangible items that the Company believes are not indicative of its primary business operating results.

These non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and investors should not rely on non-GAAP financial measures alone as measures of our performance. The non-GAAP financial measures presented may differ from non-GAAP financial measures used by the Company’s peers or other companies. The Company compensates for these differences by providing the equivalent GAAP measures whenever the Company presents the non-GAAP financial measures and by including a reconciliation of the impact of the components adjusted for in the non-GAAP financial measure so that both measures and the individual components may be considered when analyzing our performance.

CONTACT: Randall M. Chesler, CEO

(406) 751-4722

Ron J. Copher, CFO

(406) 751-7706

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Financial Condition

(Dollars in thousands, except per share data)	Jun 30, 2026			Mar 31, 2026		Dec 31, 2025		Jun 30, 2025
Assets
Cash on hand and in banks	$	353,748		350,801		321,526		375,398
Interest bearing cash deposits		702,931		1,034,436		913,735		540,109
Cash and cash equivalents		1,056,679		1,385,237		1,235,261		915,507
Debt securities, available-for-sale		3,482,725		3,585,531		4,007,512		4,024,980
Debt securities, held-to-maturity		3,004,758		3,058,662		3,110,216		3,206,133
Total debt securities		6,487,483		6,644,193		7,117,728		7,231,113
Loans held for sale, at fair value		45,145		41,652		39,186		47,738
Loans receivable		21,363,723		21,033,663		20,927,796		18,532,740
Allowance for credit losses		(260,025	)	(255,771	)	(255,319	)	(226,799	)
Loans receivable, net		21,103,698		20,777,892		20,672,477		18,305,941
Premises and equipment, net		493,497		492,031		486,184		426,801
Right-of-use assets, net		76,428		76,344		75,574		56,525
Other real estate owned and foreclosed assets		1,541		1,610		411		1,879
Accrued interest receivable		120,254		122,795		120,092		108,286
Deferred tax asset		102,902		103,863		101,337		114,528
Intangibles, net		95,671		100,470		105,269		64,949
Goodwill		1,378,283		1,378,283		1,378,283		1,121,401
Federal Home Loan Bank stock, at cost		21,244		21,524		42,764		76,990
Bank-owned life insurance		235,984		236,540		235,090		191,623
Other assets		380,192		351,648		368,407		341,702
Total assets	$	31,599,001		31,734,082		31,978,063		29,004,983
Liabilities
Non-interest bearing deposits	$	7,423,439		7,427,280		7,314,779		6,593,728
Interest bearing deposits		17,230,678		17,314,591		17,276,317		15,034,774
Securities sold under agreements to repurchase		1,952,501		2,085,623		2,084,113		1,976,228
FHLB advances		—		—		440,000		1,255,088
Other borrowed funds		52,880		51,564		51,473		62,366
Finance lease liabilities		31,606		31,209		28,808		19,405
Subordinated debentures		188,573		188,032		187,492		157,127
Accrued interest payable		29,542		30,512		32,786		27,973
Operating lease liabilities		51,320		51,457		52,869		42,274
Other liabilities		325,440		305,315		295,605		303,756
Total liabilities		27,285,979		27,485,583		27,764,242		25,472,719
Commitments and Contingent Liabilities		—		—		—		—
Stockholders’ Equity
Preferred shares, $0.01 par value per share, 1,000,000 shares authorized, none issued or outstanding		—		—		—		—
Common stock, $0.01 par value per share, 234,000,000 shares authorized		1,302		1,301		1,300		1,186
Paid-in capital		3,229,635		3,224,619		3,220,064		2,655,894
Retained earnings - substantially restricted		1,253,379		1,198,628		1,159,567		1,113,839
Accumulated other comprehensive loss		(171,294	)	(176,049	)	(167,110	)	(238,655	)
Total stockholders’ equity		4,313,022		4,248,499		4,213,821		3,532,264
Total liabilities and stockholders’ equity	$	31,599,001		31,734,082		31,978,063		29,004,983

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Operations

	Three Months ended				Six Months ended
(Dollars in thousands)	June 30, 2026		March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Interest Income
Investment securities	$	42,890	45,126	44,148	88,016	89,794
Residential real estate loans		30,104	33,708	25,361	63,812	49,636
Commercial loans		266,123	258,616	214,816	524,739	412,204
Consumer and other loans		26,103	24,887	23,790	50,990	46,406
Total interest income		365,220	362,337	308,115	727,557	598,040
Interest Expense
Deposits		71,972	72,251	65,569	144,223	128,434
Securities sold under agreements to repurchase		13,227	13,619	14,109	26,846	27,842
Federal Home Loan Bank advances		—	4,226	17,806	4,226	38,525
Other borrowed funds		455	443	400	898	802
Subordinated debentures		3,138	3,121	2,615	6,259	4,842
Total interest expense		88,792	93,660	100,499	182,452	200,445
Net Interest Income		276,428	268,677	207,616	545,105	397,595
Provision for credit losses		6,355	6,064	20,267	12,419	28,081
Net interest income after provision for credit losses		270,073	262,613	187,349	532,686	369,514
Non-Interest Income
Deposit service charges and other fees		16,351	15,265	13,910	31,616	27,125
Payment services		12,012	11,368	10,457	23,380	19,785
Miscellaneous loan fees and charges		2,558	2,279	1,890	4,837	3,581
Gain on sale of loans		5,007	5,108	4,273	10,115	8,584
Gain (loss) on sale of securities		—	—	—	—	—
Other income		5,173	4,062	2,414	9,235	6,511
Total non-interest income		41,101	38,082	32,944	79,183	65,586
Non-Interest Expense
Compensation and employee benefits		116,299	115,770	94,355	232,069	185,798
Occupancy and equipment		15,661	15,682	12,558	31,343	24,852
Advertising and promotions		5,092	5,256	4,394	10,348	8,538
Data processing		12,380	13,273	9,883	25,653	19,021
Other real estate owned and foreclosed assets		83	206	26	289	89
Regulatory assessments and insurance		5,506	6,403	5,847	11,909	11,381
Intangibles amortization		4,799	4,799	3,624	9,598	6,894
Other expenses		26,880	39,140	24,432	66,020	49,864
Total non-interest expense		186,700	200,529	155,119	387,229	306,437
Income Before Income Taxes		124,474	100,166	65,174	224,640	128,663
Federal and state income tax expense		26,612	18,022	12,393	44,634	21,314
Net Income	$	97,862	82,144	52,781	180,006	107,349

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations

(Dollars in thousands)	Jun 30, 2026				Mar 31, 2026		Dec 31, 2025			Jun 30, 2025
Tangible Equity
Total stockholders’ equity	$	4,313,022			4,248,499			4,213,821			3,532,264
Less: goodwill and intangible assets, net		(1,473,954	)		(1,478,753	)		(1,483,552	)		(1,186,350	)
Tangible stockholders' equity (non-GAAP)	$	2,839,068			2,769,746			2,730,269			2,345,914

Tangible Assets
Total assets	$	31,599,001			31,734,082			31,978,063			29,004,983
Less: goodwill and intangible assets, net		(1,473,954	)		(1,478,753	)		(1,483,552	)		(1,186,350	)
Tangible assets (non-GAAP)	$	30,125,047			30,255,329			30,494,511			27,818,633

Tangible equity to tangible assets (non-GAAP)		9.42	%		9.15	%		8.95	%		8.43	%
Book value per share	$	33.13		$	32.65		$	32.42		$	29.80
Tangible book value per share (non-GAAP)	$	21.81		$	21.29		$	21.01		$	19.79

	At or for the Three Months ended							At or for the Six Months ended
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Core Net Interest Margin
Net interest income (tax equivalent)¹	$	280,016		272,383		211,081		552,399		404,481
Purchase accounting		(3,832	)	(5,140	)	(2,103	)	(8,973	)	(5,463	)
Non-accrual loan interest reversal (recovery)		825		(42	)	191		784		204
Core net interest income (tax equivalent) (non-GAAP)	$	277,009		267,201		209,169		544,210		399,222

Average earning assets	$	28,793,343		29,078,665		26,401,636		28,935,216		26,117,798

Net interest margin (tax equivalent)		3.90	%	3.80	%	3.21	%	3.85	%	3.12	%
Core net interest margin (tax equivalent) (non-GAAP)		3.86	%	3.73	%	3.18	%	3.79	%	3.08	%

______________________________

¹		Includes tax effect of $3.6 million, $3.7 million and $3.5 million on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. Includes tax effect of $7.3 million and $6.9 million on on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the six months ended June 30, 2026 and June 30, 2025, respectively.

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations (continued)

	At or for the Three Months ended									At or for the Six Months ended
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026			Jun 30, 2025			Jun 30, 2026			Jun 30, 2025
Operating Diluted Earnings Per Share
Net income	$	97,862			82,144			52,781			180,006			107,349
Provision for credit losses - acquisition ACL expense		—			—			16,693			—			16,693
Operating adjustments - non-interest income
(Gain) loss on securities		—			—			—			—			—
BOLI proceeds		(63	)		(776	)		—			(839	)		(1,113	)
Total operating adjustments - non-interest income		(63	)		(776	)		—			(839	)		(1,113	)
Operating adjustments - non-interest expense
Acquisition-related compensation		2,462			2,775			544			5,237			795
Lease terminations		—			200			—			200			—
FDIC special assessment		—			(87	)		—			(87	)		(219	)
(Gain) loss on fixed assets		(2,618	)		445			(1,612	)		(2,173	)		(2,622	)
Acquisition-related expense		1,590			8,907			3,231			10,497			3,818
Total operating adjustments - non-interest expense		1,434			12,240			2,163			13,674			1,772
Tax impact		(341	)		(3,028	)		(4,699	)		(3,369	)		(4,432	)
Net operating adjustments		1,030			8,436			14,157			9,466			12,920
Operating net income (non-GAAP)	$	98,892			90,580			66,938			189,472			120,269

Weighted average diluted common shares outstanding		130,346,888			130,242,765			116,918,290			130,283,236			115,244,550
Diluted EPS	$	0.75		$	0.63		$	0.45		$	1.38		$	0.93
Operating diluted EPS (non-GAAP)	$	0.76		$	0.70		$	0.57		$	1.45		$	1.04

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations (continued)

	At or for the Three Months ended									At or for the Six Months ended
(Dollars in thousands)	June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Operating Efficiency Ratio
Non-interest expense	$	186,700		$	200,529		$	155,119		$	387,229		$	306,437
OREO expense		(60	)		(16	)		(13	)		(76	)		(31	)
Intangible amortization		(4,799	)		(4,799	)		(3,624	)		(9,598	)		(6,894	)
Total expenses		181,841			195,714			151,482			377,555			299,512
Operating expense adjustments (pre-tax)		(1,434	)		(12,240	)		(2,163	)		(13,674	)		(1,772	)
Total operating non-interest expense (non-GAAP)		180,407			183,474			149,319			363,881			297,740
Net interest income (tax equivalent)		280,016			272,383			211,081			552,399			404,481
Non-interest income		41,101			38,082			32,944			79,183			65,586
Gain (loss) on sale of securities		—			—			—			—			—
OREO income		(110	)		(35	)		—			(145	)		—
Total revenues		321,007			310,430			244,025			631,437			470,067
Operating revenue adjustments (pre-tax)		(63	)		(776	)		—			(839	)		(1,113	)
Total revenues (non-GAAP)	$	320,944			309,654			244,025			630,598			468,954

Efficiency ratio		56.65	%		63.05	%		62.08	%		59.79	%		63.72	%
Efficiency ratio (non-GAAP)		56.21	%		59.25	%		61.19	%		57.70	%		63.49	%

Glacier Bancorp, Inc. Average Balance Sheets

	Three Months ended
	June 30, 2026						March 31, 2026
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	2,172,055	$	30,104	5.54	%	$	2,360,462	$	33,708	5.71	%
Commercial loans ¹		17,562,322		267,705	6.11	%		17,206,377		260,287	6.13	%
Consumer and other loans		1,479,518		26,103	7.08	%		1,425,664		24,887	7.08	%
Total loans ²		21,213,895		323,912	6.12	%		20,992,503		318,882	6.16	%
Tax-exempt debt securities ³		1,624,487		14,246	3.51	%		1,647,612		14,452	3.51	%
Taxable debt securities ^{4, 5}		5,954,961		30,650	2.06	%		6,438,550		32,709	2.03	%
Total earning assets		28,793,343		368,808	5.14	%		29,078,665		366,043	5.11	%
Goodwill and intangibles		1,476,292						1,481,187
Non-earning assets		1,201,401						1,203,188
Total assets	$	31,471,036					$	31,763,040
Liabilities
Non-interest bearing deposits	$	7,298,710	$	—	—	%	$	7,230,420	$	—	—	%
NOW and DDA accounts		6,206,979		16,103	1.04	%		6,167,696		15,897	1.05	%
Savings accounts		3,170,155		5,451	0.69	%		3,163,850		5,500	0.71	%
Money market deposit accounts		4,052,361		20,154	1.99	%		3,963,618		19,078	1.95	%
Certificate accounts		3,807,368		30,233	3.18	%		3,896,903		31,742	3.30	%
Total core deposits		24,535,573		71,941	1.18	%		24,422,487		72,217	1.20	%
Wholesale deposits ⁶		3,337		31	3.77	%		3,615		34	3.81	%
Repurchase agreements		1,995,035		13,227	2.66	%		2,074,082		13,619	2.66	%
FHLB advances		55		—	3.87	%		361,778		4,226	4.67	%
Subordinated debentures and other borrowed funds		271,589		3,593	5.31	%		267,450		3,564	5.40	%
Total funding liabilities		26,805,589		88,792	1.33	%		27,129,412		93,660	1.40	%
Other liabilities		364,792						372,547
Total liabilities		27,170,381						27,501,959
Stockholders’ Equity
Stockholders’ equity		4,300,655						4,261,081
Total liabilities and stockholders’ equity	$	31,471,036					$	31,763,040
Net interest income (tax-equivalent)			$	280,016					$	272,383
Net interest spread (tax-equivalent)					3.81	%					3.71	%
Net interest margin (tax-equivalent)					3.90	%					3.80	%

______________________________

¹		Includes tax effect of $1.6 million and $1.7 million on tax-exempt municipal loan and lease income for the three months ended June 30, 2026 and March 31, 2026, respectively.
²		Total loans are gross of the allowance for credit losses, net of unearned income and include loans held for sale. Non-accrual loans were included in the average volume for the entire period.
³		Includes tax effect of $1.9 million and $2.0 million on tax-exempt debt securities income for the three months ended June 30, 2026 and March 31, 2026, respectively.
⁴		Includes interest income of $7.0 million and $8.1 million on average interest-bearing cash balances of $772.3 million and $894.0 million for the three months ended June 30, 2026 and March 31, 2026, respectively.
⁵		Includes tax effect of $68 thousand and $68 thousand on federal income tax credits for the three months ended June 30, 2026 and March 31, 2026, respectively.
⁶		Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

Glacier Bancorp, Inc. Average Balance Sheets (continued)

	Three Months ended
	June 30, 2026						June 30, 2025
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	2,172,055	$	30,104	5.54	%	$	1,940,514	$	25,361	5.23	%
Commercial loans ¹		17,562,322		267,705	6.11	%		14,884,885		216,385	5.83	%
Consumer and other loans		1,479,518		26,103	7.08	%		1,336,030		23,790	7.14	%
Total loans ²		21,213,895		323,912	6.12	%		18,161,429		265,536	5.86	%
Tax-exempt debt securities ³		1,624,487		14,246	3.51	%		1,594,895		13,999	3.51	%
Taxable debt securities ^{4, 5}		5,954,961		30,650	2.06	%		6,645,312		32,045	1.93	%
Total earning assets		28,793,343		368,808	5.14	%		26,401,636		311,580	4.73	%
Goodwill and intangibles		1,476,292						1,153,466
Non-earning assets		1,201,401						918,007
Total assets	$	31,471,036					$	28,473,109
Liabilities
Non-interest bearing deposits	$	7,298,710	$	—	—	%	$	6,256,245	$	—	—	%
NOW and DDA accounts		6,206,979		16,103	1.04	%		5,674,990		16,045	1.13	%
Savings accounts		3,170,155		5,451	0.69	%		2,904,389		5,402	0.75	%
Money market deposit accounts		4,052,361		20,154	1.99	%		3,000,487		15,389	2.06	%
Certificate accounts		3,807,368		30,233	3.18	%		3,211,418		28,667	3.58	%
Total core deposits		24,535,573		71,941	1.18	%		21,047,529		65,503	1.25	%
Wholesale deposits ⁶		3,337		31	3.77	%		5,618		66	4.67	%
Repurchase agreements		1,995,035		13,227	2.66	%		1,898,841		14,109	2.98	%
FHLB advances		55		—	3.87	%		1,494,781		17,806	4.71	%
Subordinated debentures and other borrowed funds		271,589		3,593	5.31	%		231,902		3,015	5.21	%
Total funding liabilities		26,805,589		88,792	1.33	%		24,678,671		100,499	1.63	%
Other liabilities		364,792						338,289
Total liabilities		27,170,381						25,016,960
Stockholders’ Equity
Stockholders’ equity		4,300,655						3,456,149
Total liabilities and stockholders’ equity	$	31,471,036					$	28,473,109
Net interest income (tax-equivalent)			$	280,016					$	211,081
Net interest spread (tax-equivalent)					3.81	%					3.10	%
Net interest margin (tax-equivalent)					3.90	%					3.21	%

______________________________

¹		Includes tax effect of $1.6 million and $1.6 million on tax-exempt municipal loan and lease income for the three months ended June 30, 2026 and 2025, respectively.
²		Total loans are gross of the allowance for credit losses, net of unearned income and include loans held for sale. Non-accrual loans were included in the average volume for the entire period.
³		Includes tax effect of $1.9 million and $1.7 million on tax-exempt debt securities income for the three months ended June 30, 2026 and 2025, respectively.
⁴		Includes interest income of $7.0 million and $4.8 million on average interest-bearing cash balances of $772.3 million and $433.7 million for the three months ended June 30, 2026 and 2025, respectively.
⁵		Includes tax effect of $68 thousand and $151 thousand on federal income tax credits for the three months ended June 30, 2026 and 2025, respectively.
⁶		Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

Glacier Bancorp, Inc. Average Balance Sheets (continued)

	Six Months ended
	June 30, 2026						June 30, 2025
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	2,265,738	$	63,812	5.63	%	$	1,913,157	$	49,636	5.19	%
Commercial loans ¹		17,385,333		527,992	6.12	%		14,490,240		415,306	5.78	%
Consumer and other loans		1,452,740		50,990	7.08	%		1,319,451		46,406	7.09	%
Total loans²		21,103,811		642,794	6.14	%		17,722,848		511,348	5.82	%
Tax-exempt debt securities ³		1,635,986		28,698	3.51	%		1,599,845		27,935	3.49	%
Taxable debt securities ^{4, 5}		6,195,419		63,359	2.05	%		6,795,105		65,643	1.93	%
Total earning assets		28,935,216		734,851	5.12	%		26,117,798		604,926	4.67	%
Goodwill and intangibles		1,478,726						1,127,279
Non-earning assets		1,202,289						883,125
Total assets	$	31,616,231					$	28,128,202
Liabilities
Non-interest bearing deposits	$	7,264,754	$	—	—	%	$	6,123,604	$	—	—	%
NOW and DDA accounts		6,187,446		32,000	1.04	%		5,600,895		31,110	1.12	%
Savings accounts		3,167,020		10,951	0.70	%		2,883,150		10,561	0.74	%
Money market deposit accounts		4,008,235		39,232	1.97	%		2,925,396		28,915	1.99	%
Certificate accounts		3,851,888		61,975	3.24	%		3,181,971		57,742	3.66	%
Total core deposits		24,479,343		144,158	1.19	%		20,715,016		128,328	1.25	%
Wholesale deposits ⁶		3,475		65	3.79	%		4,615		106	4.62	%
Repurchase agreements		2,034,340		26,846	2.66	%		1,870,962		27,842	3.00	%
FHLB advances		179,917		4,226	4.67	%		1,618,702		38,525	4.73	%
Subordinated debentures and other borrowed funds		269,531		7,157	5.35	%		224,031		5,644	5.08	%
Total funding liabilities		26,966,606		182,452	1.36	%		24,433,326		200,445	1.65	%
Other liabilities		368,648						332,558
Total liabilities		27,335,254						24,765,884
Stockholders’ Equity
Stockholders’ equity		4,280,977						3,362,318
Total liabilities and stockholders’ equity	$	31,616,231					$	28,128,202
Net interest income (tax-equivalent)			$	552,399					$	404,481
Net interest spread (tax-equivalent)					3.76	%					3.02	%
Net interest margin (tax-equivalent)					3.85	%					3.12	%

______________________________

¹		Includes tax effect of $3.3 million and $3.1 million on tax-exempt municipal loan and lease income for the six months ended June 30, 2026 and 2025, respectively.
²		Total loans are gross of the allowance for credit losses, net of unearned income and include loans held for sale. Non-accrual loans were included in the average volume for the entire period.
³		Includes tax effect of $3.9 million and $3.5 million on tax-exempt debt securities income for the six months ended June 30, 2026 and 2025, respectively.
⁴		Includes interest income of $15.1 million and $11.0 million on average interest-bearing cash balances of $832.8 million and $496.2 million for the Six Months ended June 30, 2026 and 2025, respectively.
⁵		Includes tax effect of $136 thousand and $301 thousand on federal income tax credits for the six months ended June 30, 2026 and 2025, respectively.
⁶		Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

Glacier Bancorp, Inc. Loan Portfolio by Regulatory Classification

	Loans Receivable, by Loan Type												% Change from
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Jun 30, 2025			Mar 31, 2026		Dec 31, 2025		Jun 30, 2025
Custom and owner occupied construction	$	240,093		$	227,869		$	263,713		$	254,790		5	%	(9)%		(6)%
Pre-sold and spec construction		261,642			268,831			255,542			208,106		(3)%		2	%	26	%
Total residential construction		501,735			496,700			519,255			462,896		1	%	(3)%		8	%
Land development		232,548			218,943			263,262			176,925		6	%	(12)%		31	%
Consumer land or lots		231,468			234,467			247,769			229,823		(1)%		(7)%		1	%
Unimproved land		256,084			240,944			167,796			127,550		6	%	53	%	101	%
Developed lots for operative builders		51,831			50,056			69,786			73,053		4	%	(26)%		(29)%
Commercial lots		131,320			120,528			155,631			175,929		9	%	(16)%		(25)%
Other construction		1,254,856			1,144,637			1,122,350			753,056		10	%	12	%	67	%
Total land, lot, and other construction		2,158,107			2,009,575			2,026,594			1,536,336		7	%	6	%	40	%
Owner occupied		3,928,083			3,908,697			3,950,726			3,529,536		—	%	(1)%		11	%
Non-owner occupied		5,195,855			5,125,101			4,859,173			4,283,986		1	%	7	%	21	%
Total commercial real estate		9,123,938			9,033,798			8,809,899			7,813,522		1	%	4	%	17	%
Commercial and industrial		1,687,362			1,630,625			1,649,101			1,545,498		3	%	2	%	9	%
Agriculture		1,313,581			1,252,040			1,282,861			1,167,611		5	%	2	%	13	%
First lien		2,996,965			3,051,563			3,098,023			2,590,433		(2)%		(3)%		16	%
Junior lien		110,601			103,240			106,205			80,170		7	%	4	%	38	%
Total 1-4 family		3,107,566			3,154,803			3,204,228			2,670,603		(1)%		(3)%		16	%
Multifamily residential		1,075,562			1,068,813			1,019,484			975,785		1	%	6	%	10	%
Home equity lines of credit		1,089,052			1,081,438			1,076,201			1,048,595		1	%	1	%	4	%
Other consumer		222,289			227,762			237,393			197,744		(2)%		(6)%		12	%
Total consumer		1,311,341			1,309,200			1,313,594			1,246,339		—	%	—	%	5	%
States and political subdivisions		950,829			945,587			964,591			973,145		1	%	(1)%		(2)%
Other		178,847			174,174			177,375			188,743		3	%	1	%	(5)%
Total loans receivable, including loans held for sale		21,408,868			21,075,315			20,966,982			18,580,478		2	%	2	%	15	%
Less loans held for sale ¹		(45,145	)		(41,652	)		(39,186	)		(47,738	)	8	%	15	%	(5)%
Total loans receivable	$	21,363,723		$	21,033,663		$	20,927,796		$	18,532,740		2	%	2	%	15	%

______________________________

Loans held for sale are primarily first lien 1-4 family loans.

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification

	Non-performing Assets, by Loan Type					Non- Accrual Loans	Accruing Loans 90 Days or More Past Due	Other real estate owned and foreclosed assets
(Dollars in thousands)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Jun 30, 2025	Jun 30, 2026	Jun 30, 2026	Jun 30, 2026
Custom and owner occupied construction	$	397	404	183	235	397	—	—
Pre-sold and spec construction		—	889	919	2,806	—	—	—
Total residential construction		397	1,293	1,102	3,041	397	—	—
Land development		1,022	866	898	885	865	157	—
Consumer land or lots		248	17	79	460	15	233	—
Developed lots for operative builders		113	567	456	531	—	—	113
Commercial lots		—	—	556	47	—	—	—
Other construction		500	580	129	—	—	—	500
Total land, lot and other construction		1,883	2,030	2,118	1,923	880	390	613
Owner occupied		5,174	4,254	3,969	4,412	4,102	1,072	—
Non-owner occupied		24,176	18,423	7,606	1,206	21,115	3,061	—
Total commercial real estate		29,350	22,677	11,575	5,618	25,217	4,133	—
Commercial and Industrial		24,436	26,480	27,308	14,764	22,787	1,400	249
Agriculture		10,592	6,119	3,549	6,603	7,576	3,016	—
First lien		16,733	14,231	15,816	10,549	11,712	4,627	394
Junior lien		2,302	1,276	1,776	533	1,629	673	—
Total 1-4 family		19,035	15,507	17,592	11,082	13,341	5,300	394
Multifamily residential		—	409	395	398	—	—	—
Home equity lines of credit		4,932	3,746	3,968	4,016	3,561	1,160	211
Other consumer		1,071	1,151	1,229	921	682	315	74
Total consumer		6,003	4,897	5,197	4,937	4,243	1,475	285
Other		153	83	59	240	—	153	—
Total	$	91,849	79,495	68,895	48,606	74,441	15,867	1,541

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification (continued)

	Accruing 30-89 Days Delinquent Loans, by Loan Type								% Change from
(Dollars in thousands)	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Jun 30, 2025		Mar 31, 2026		Dec 31, 2025		Jun 30, 2025
Custom and owner occupied construction	$	2,277	$	—	$	533	$	385	n/m		327	%	491	%
Pre-sold and spec construction		4,498		2,284		1,189		—	97	%	278	%	n/m
Total residential construction		6,775		2,284		1,722		385	197	%	293	%	1,660	%
Land development		2,290		416		3,994		170	450	%	(43)%		1,247	%
Consumer land or lots		1,968		1,041		1,162		1,210	89	%	69	%	63	%
Unimproved land		18		454		—		75	(96)%		n/m		(76)%
Developed lots for operative builders		—		5,218		2,300		—	(100)%		(100)%		n/m
Commercial lots		180		—		965		—	n/m		(81)%		n/m
Other construction		—		—		4,787		7,840	n/m		(100)%		(100)%
Total land, lot and other construction		4,456		7,129		13,208		9,295	(37)%		(66)%		(52)%
Owner occupied		6,038		9,985		6,103		3,903	(40)%		(1)%		55	%
Non-owner occupied		18,064		21,459		15,388		13,806	(16)%		17	%	31	%
Total commercial real estate		24,102		31,444		21,491		17,709	(23)%		12	%	36	%
Commercial and industrial		4,787		11,662		10,215		6,711	(59)%		(53)%		(29)%
Agriculture		6,537		4,424		2,390		8,243	48	%	174	%	(21)%
First lien		7,292		19,407		19,699		3,583	(62)%		(63)%		104	%
Junior lien		1,279		2,576		20		—	(50)%		6,295	%	n/m
Total 1-4 family		8,571		21,983		19,719		3,583	(61)%		(57)%		139	%
Multifamily Residential		278		869		150		—	(68)%		85	%	n/m
Home equity lines of credit		5,354		7,111		5,415		5,482	(25)%		(1)%		(2)%
Other consumer		1,990		1,755		1,866		1,615	13	%	7	%	23	%
Total consumer		7,344		8,866		7,281		7,097	(17)%		1	%	3	%
Other		2,633		3,099		2,650		1,380	(15)%		(1)%		91	%
Total	$	65,483	$	91,760	$	78,826	$	54,403	(29)%		(17)%		20	%

______________________________
n/m - not measurable

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification (continued)

	Net Charge-Offs (Recoveries), Year-to-Date Period Ending, By Loan Type									Charge-Offs	Recoveries
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026		Dec 31, 2025		Jun 30, 2025		Jun 30, 2026	Jun 30, 2026
Pre-sold and spec construction	$	—		—		—		50		—	—
Land development		—		—		(358	)	(341	)	—	—
Consumer land or lots		—		—		(5	)	(3	)	—	—
Developed lots for operative builders		—		—		(8	)	—		—	—
Total land, lot and other construction		—		—		(371	)	(344	)	—	—
Owner occupied		256		—		(2	)	(1	)	349	93
Non-owner occupied		308		—		2,232		(8	)	383	75
Total commercial real estate		564		—		2,230		(9	)	732	168
Commercial and industrial		2,298		576		2,104		26		2,598	300
Agriculture		—		(2	)	(112	)	(109	)	4	4
First lien		119		86		(182	)	(79	)	187	68
Junior lien		(22	)	(19	)	(38	)	(137	)	—	22
Total 1-4 family		97		67		(220	)	(216	)	187	90
Multifamily residential		409		—		—		—		409	—
Home equity lines of credit		78		82		43		(20	)	116	38
Other consumer		504		173		1,600		656		708	204
Total consumer		582		255		1,643		636		824	242
Other		4,983		2,166		7,448		3,406		6,808	1,825
Total	$	8,933		3,062		12,722		3,440		11,562	2,629

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