Document

NEWS RELEASE

July 23, 2026


FOR IMMEDIATE RELEASE			CONTACT: Randall M. Chesler, CEO
			(406) 751-4722
			Ron J. Copher, CFO
			(406) 751-7706

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.

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.

•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.

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

______________________________

KALISPELL, Mont., Jul 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

______________________________

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	%

______________________________

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		%

______________________________

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.

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 loans 2	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	%

______________________________

1 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

Visit our website at www.glacierbancorp.com