# EDGAR Filing Document

**Accession Number:** 0000868671
**File Stem:** 0000868671-26-000043
**Filing Date:** 2026-4
**Character Count:** 75996
**Document Hash:** b02aa412198680381bec08dd766d458b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000868671-26-000043.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000868671-26-000043

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260423

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GLACIER BANCORP, INC.
- **CENTRAL INDEX KEY:** 0000868671
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 810519541
- **STATE OF INCORPORATION:** MT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41170
- **FILM NUMBER:** 26889239

**BUSINESS ADDRESS:**
- **STREET 1:** 49 COMMONS LOOP
- **CITY:** KALISPELL
- **STATE:** MT
- **ZIP:** 59901
- **BUSINESS PHONE:** 406-751-7708

**MAIL ADDRESS:**
- **STREET 1:** 49 COMMONS LOOP
- **CITY:** KALISPELL
- **STATE:** MT
- **ZIP:** 59901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLACIER BANCORP INC
- **DATE OF NAME CHANGE:** 19930328

?xml version='1.0' encoding='ASCII'? gbci-20260423

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

____________________________________________________________

**FORM 8-K** 

____________________________________________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **April 23, 2026** 

____________________________________________________________

**GLACIER BANCORP, INC.** 

**(Exact name of registrant as specified in its charter)**

____________________________________________________________

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| | | |
|:---|:---|:---|
| **Montana** | **001-41170** | **81-0519541** |
| **(State or other jurisdiction <br>of incorporation)** | **(Commission <br>File Number)** | **(IRS Employer <br>Identification No.)** |

---

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| | | | |
|:---|:---|:---|:---|
| **49 Commons Loop** | **Kalispell,** | **Montana** | **59901** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

---

---

| | |
|:---|:---|
| **(406)** | **756-4200** |
| **(Registrant's telephone number, including area code)** | **(Registrant's telephone number, including area code)** |

---

____________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 par value | GBCI | The New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION**

On April 23, 2026, Glacier Bancorp, Inc. ("Company") issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein in its entirety by reference.

The information in this Item 2.02 and the Exhibit attached hereto is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

**Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.1](gbci-03312026xex991.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended March 31, 2026

104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document)

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| Dated: | April 23, 2026 | GLACIER BANCORP, INC. | GLACIER BANCORP, INC. |
|  |  | /s/ Randall M. Chesler | /s/ Randall M. Chesler |
|  |  | By: | Randall M. Chesler |
|  |  |  | President and Chief Executive Officer |

---

## Exhibit 99.1

![logo.jpg](logo.jpg)

**NEWS RELEASE**

April 23, 2026

---

| | |
|:---|:---|
| <u>FOR IMMEDIATE RELEASE</u> | 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 MARCH 31, 2026**

1st Quarter 2026 Highlights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income was $82.1 million for the current quarter, an increase of $18.4 million, or 29 percent, from the prior quarter net income of $63.8 million and an increase of $27.6 million, or 51 percent, from the prior year first quarter net income of $54.6 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Diluted earnings per share for the current quarter was $0.63 per share, an increase of $0.14 per share, or 29 percent, from the prior quarter diluted earnings per share of $0.49 and an increase of $0.15 per share, or 31 percent, from the prior year first quarter diluted earnings per share of $0.48.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Diluted operating earnings per share<sup>1</sup> for the current quarter was $0.70 per share, an increase of $0.01 per share, or 1 percent, from the prior quarter diluted operating earnings per share of $0.69 and an increase of $0.23 per share, or 49 percent, from the prior year first quarter diluted operating earnings per share of $0.47.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The loan portfolio of $21.034 billion at March 31, 2026 increased $106 million, or 2 percent annualized, from the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits of $24.742 billion at March 31, 2026 increased $151 million, or 2 percent annualized, from the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest bearing deposits of $7.427 billion at March 31, 2026 increased $113 million, or 6 percent annualized, from the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.80 percent, an increase of 22 basis points from the prior quarter net interest margin of 3.58 percent and an increase of 76 basis points from the prior year first quarter net interest margin of 3.04 percent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The loan yield of 6.16 percent in the current quarter increased 7 basis points from the prior quarter loan yield of 6.09 percent and increased 39 basis points from the prior year first quarter loan yield of 5.77 percent.

<sup>1</sup> 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The total earning asset yield of 5.11 percent in the current quarter increased 11 basis points from the prior quarter earning asset yield of 5.00 percent and increased 50 basis points from the prior year first quarter earning asset yield of 4.61 percent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The total cost of funding (including non-interest bearing deposits) of 1.40 percent in the current quarter decreased 12 basis points from the prior quarter total cost of funding of 1.52 percent and decreased 28 basis points from the prior year first quarter total cost of funding of 1.68 percent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company declared a quarterly dividend of $0.33 per share. The Company has declared 164 consecutive quarterly dividends and has increased the dividend 49 times.

<u>Financial Summary</u>

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| | | | |
|:---|:---|:---|:---|
| | At or for the Three Months ended | At or for the Three Months ended | At or for the Three Months ended |
| <u>(Dollars in thousands, except per share and market data)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Operating results |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | $82144 | 63779 | 54568 |
| &nbsp;&nbsp;&nbsp;Basic earnings per share | $0.63 | 0.49 | 0.48 |
| &nbsp;&nbsp;&nbsp;Diluted earnings per share | $0.63 | 0.49 | 0.48 |
| &nbsp;&nbsp;Operating diluted earnings per share <sup>1</sup> | $0.70 | 0.69 | 0.47 |
| &nbsp;&nbsp;&nbsp;Dividends declared per share | $0.33 | 0.33 | 0.33 |
| Market value per share |  |  |  |
| &nbsp;&nbsp;&nbsp;Closing | $44.67 | 44.05 | 44.22 |
| &nbsp;&nbsp;&nbsp;High | $53.99 | 49.56 | 52.81 |
| &nbsp;&nbsp;&nbsp;Low | $41.87 | 39.90 | 43.18 |
| Selected ratios and other data |  |  |  |
| &nbsp;&nbsp;Number of common stock shares outstanding | 130124378 | 129971712 | 113517944 |
| &nbsp;&nbsp;&nbsp;Average outstanding shares - basic | 130052858 | 129950587 | 113451199 |
| &nbsp;&nbsp;&nbsp;Average outstanding shares - diluted | 130242765 | 130145104 | 113546365 |
| &nbsp;&nbsp;&nbsp;Return on average assets (annualized) | 1.05% | 0.78% | 0.80% |
| &nbsp;&nbsp;&nbsp;Return on average equity (annualized) | 7.82% | 6.05% | 6.77% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 63.05% | 61.04% | 65.49% |
| &nbsp;&nbsp;&nbsp;Loan to deposit ratio | 85.18% | 85.26% | 83.64% |
| &nbsp;&nbsp;Number of full time equivalent employees | 4139 | 4087 | 3457 |
| &nbsp;&nbsp;&nbsp;Number of locations | 282 | 281 | 227 |
| &nbsp;&nbsp;&nbsp;Number of ATMs | 337 | 337 | 286 |

---

______________________________

<sup>1</sup> 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.**, Apr 23, 2026 (GLOBE NEWSWIRE) - Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $82.1 million for the current quarter, an increase of $18.4 million, or 29 percent, from the prior quarter net income of $63.8 million and an increase of $27.6 million, or 51 percent, from the prior year first

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quarter net income of $54.6 million. Diluted earnings per share for the current quarter was $0.63 per share, an increase of $0.14 per share, or 29 percent, from the prior quarter diluted earnings per share of $0.49 and an increase of $0.15 per share, or 31 percent, from the prior year first quarter diluted earnings per share of $0.48. Diluted operating earnings per share for the current quarter was $0.70 per share, an increase of $0.01 per share, or 1 percent, from the prior quarter diluted operating earnings per share of $0.69 and an increase of $0.23 per share, or 49 percent, from the prior year first quarter diluted operating earnings per share of $0.47. The current quarter included $8.9 million in acquisition-related expenses and $2.8 million of compensation from acquisition-related employment agreements. "We opened 2026 with strong results, delivering record net income, net interest margin expansion and loan and deposit growth," said Randy Chesler, President and Chief Executive Officer. "We also completed the Guaranty core systems conversion during the current quarter. This was an important milestone that positions us to capture the full benefits of the acquisition. Our teams remain focused on disciplined growth, delivering operating leverage and creating long-term value for shareholders."

<u>Asset Summary</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | $ Change from | $ Change from |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Cash and cash equivalents | $1385237 | 1235261 | 981485 | 149976 | 403752 |
| Debt securities, available-for-sale | 3585531 | 4007512 | 4172312 | (421981) | (586781) |
| Debt securities, held-to-maturity | 3058662 | 3110216 | 3261575 | (51554) | (202913) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total debt securities | 6644193 | 7117728 | 7433887 | (473535) | (789694) |
| Loans receivable <sup>1</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 2167860 | 2457907 | 1850079 | (290047) | 317781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 13918178 | 13565512 | 10952809 | 352666 | 2965369 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 3466863 | 3497829 | 3121477 | (30966) | 345386 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 1048971 | 977206 | 920132 | 71765 | 128839 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 431791 | 429342 | 374021 | 2449 | 57770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable | 21033663 | 20927796 | 17218518 | 105867 | 3815145 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (255771) | (255319) | (210400) | (452) | (45371) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | 20777892 | 20672477 | 17008118 | 105415 | 3769774 |
| Other assets | 2926760 | 2952597 | 2435389 | (25837) | 491371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $31734082 | 31978063 | 27858879 | (243981) | 3875203 |

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______________________________

<sup>1 &nbsp;&nbsp;&nbsp;&nbsp;</sup>In connection with the current quarter Guaranty core system conversion, Guaranty loans were reclassified 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.

The Company continues to maintain a strong cash position of $1.385 billion at March 31, 2026, which was an increase of $150 million, or 12 percent, over the prior quarter and an increase of $404 million, or 41 percent, over the prior year first quarter. Total debt securities of $6.644 billion at March 31, 2026 decreased $474 million, or 7 percent, during the current quarter and decreased $790 million, or 11 percent, from the prior year first quarter. Debt securities represented 21 percent of total assets at March 31, 2026 compared to 22 percent at December 31, 2025 and 27 percent at March 31, 2025.

The loan portfolio of $21.034 billion at March 31, 2026 increased $106 million, or 2 percent annualized, during the current quarter. The loan portfolio increased $3.815 billion, or 22 percent, from the prior year first quarter. Excluding the Bank of Idaho ("BOID") acquisition on April 30, 2025 and the Guaranty acquisition on October 1, 2025, the loan portfolio organically increased $638 million, or 4 percent, from the prior year first quarter.

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<u>Credit Quality Summary</u>

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| | | | |
|:---|:---|:---|:---|
| | At or for the Three Months ended | At or for the Year ended | At or for the Three Months ended |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Allowance for credit losses |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Balance at beginning of period | $255319 | 206041 | 206041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions |  | 154 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 3514 | 61846 | 6154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | (4186) | (18682) | (3897) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries | 1124 | 5960 | 2102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Balance at end of period | $255771 | 255319 | 210400 |
| Provision for credit losses |  |  |  |
| &nbsp;&nbsp;Loan portfolio | $3514 | 61846 | 6154 |
| &nbsp;&nbsp;Unfunded loan commitments | 2550 | 9554 | 1660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provision for credit losses | $6064 | 71400 | 7814 |
| Other real estate owned | $1417 | 284 | 1085 |
| Other foreclosed assets | 193 | 127 | 68 |
| Accruing loans 90 days or more past due | 13470 | 5997 | 5289 |
| Non-accrual loans | 64415 | 62487 | 32896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-performing assets | $79495 | 68895 | 39338 |
| Non-performing assets as a percentage of subsidiary assets | 0.25% | 0.22% | 0.14% |
| Allowance for credit losses as a percentage of non-performing loans | 328% | 373% | 551% |
| Allowance for credit losses as a percentage of total loans | 1.22% | 1.22% | 1.22% |
| Net charge-offs as a percentage of total loans | 0.02% | 0.06% | 0.01% |
| Accruing loans 30-89 days past due | $91760 | 78826 | 46458 |
| U.S. government guarantees included in non-performing assets | $8066 | 8733 | 685 |

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Non-performing assets of $79.5 million at March 31, 2026 increased $10.6 million, or 15 percent, over the prior quarter and increased $40.2 million, or 102 percent, over the prior year first quarter. Early stage delinquencies (accruing loans 30-89 days past due) of $91.8 million at March 31, 2026 increased $12.9 million from the prior quarter and increased $45.3 million from the prior year first quarter. Early stage delinquencies as a percentage of loans at March 31, 2026 were 0.44 percent compared to 0.38 percent for the prior quarter and 0.27 percent for the prior year first quarter and remain at historically low levels for the Company.

The current quarter provision for credit loss expense of $6.1 million included $3.5 million of credit loss expense on loans and $2.6 million of credit loss expense 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 March 31, 2026, December 31, 2025 and March 31, 2025. Loan portfolio growth, composition, average loan size, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the ACL on loans.

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<u>Credit Quality Trends and Provision for Credit Losses on the Loan Portfolio</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <u>(Dollars in thousands)</u> | Provision for Credit Losses Loans | Net Charge-Offs | ACL<br>as a Percent<br>of Loans | Accruing<br>Loans 30-89<br>Days Past Due<br>as a Percent of<br>Loans | Non-Performing<br>Assets to<br>Total Subsidiary<br>Assets |
| First quarter 2026 | $3514 | $3062 | 1.22% | 0.44% | 0.25% |
| Fourth quarter 2025 | 32491 | 6368 | 1.22% | 0.38% | 0.22% |
| Third quarter 2025 | 5192 | 2914 | 1.22% | 0.21% | 0.19% |
| Second quarter 2025 | 18009 | 1645 | 1.22% | 0.29% | 0.17% |
| First quarter 2025 | 6154 | 1795 | 1.22% | 0.27% | 0.14% |
| Fourth quarter 2024 | 6041 | 5170 | 1.19% | 0.19% | 0.10% |
| Third quarter 2024 | 6981 | 2766 | 1.19% | 0.33% | 0.10% |
| Second quarter 2024 | 5066 | 2890 | 1.19% | 0.29% | 0.06% |

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Net charge-offs for the current quarter were $3.1 million compared to $6.4 million in the prior quarter and $1.8 million for the prior year first quarter. The current quarter net charge-offs included $2.2 million in deposit overdraft net charge-offs and $896 thousand 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 exhibits 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.

<u>Liability Summary</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | $ Change from | $ Change from |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest bearing deposits | $7427280 | 7314779 | 6100548 | 112501 | 1326732 |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW and DDA accounts | 6217728 | 6236551 | 5676177 | (18823) | 541551 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings accounts | 3193293 | 3158939 | 2896378 | 34354 | 296915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market deposit accounts | 4049361 | 3948201 | 2816874 | 101160 | 1232487 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificate accounts | 3851209 | 3928550 | 3140333 | (77341) | 710876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Core deposits, total | 24738871 | 24587020 | 20630310 | 151851 | 4108561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wholesale deposits | 3000 | 4076 | 3740 | (1076) | (740) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits, total | 24741871 | 24591096 | 20634050 | 150775 | 4107821 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase agreements | 2085623 | 2084113 | 1849070 | 1510 | 236553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits and repurchase agreements, total | 26827494 | 26675209 | 22483120 | 152285 | 4344374 |
| Federal Home Loan Bank advances |  | 440000 | 1520000 | (440000) | (1520000) |
| Other borrowed funds | 51564 | 51473 | 62216 | 91 | (10652) |
| Finance lease liabilities | 31209 | 28808 | 20227 | 2401 | 10982 |
| Subordinated debentures | 188032 | 187492 | 133145 | 540 | 54887 |
| Other liabilities | 387284 | 381260 | 352563 | 6024 | 34721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | $27485583 | 27764242 | 24571271 | (278659) | 2914312 |

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Total deposits of $24.7 billion at March 31, 2026 increased $151 million, or 2 percent annualized, during the current quarter and increased $4.108 billion, or 20 percent, from the prior year first quarter. Excluding acquisitions, total deposits organically increased $323 million, or 2 percent, from the prior year first quarter.

Non-interest bearing deposits of $7.427 billion at March 31, 2026 increased $113 million, or 6 percent annualized, from the prior quarter and increased $1.327 billion, or 22 percent, from the prior year first quarter. Excluding acquisitions, total non-interest bearing deposits organically increased $223 million, or 4 percent, from the prior year first quarter. Non-interest bearing deposits represented 30 percent of total deposits at March 31, 2026, December 31, 2025 and March 31, 2025.

The remaining $440 million of Federal Home Loan Bank ("FHLB") advances were paid off during the current quarter. Subordinated debentures of $188 million increased $54.9 million, or 41 percent, from the prior year first quarter as a result of the acquisitions.

<u>Stockholders' Equity Summary</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | $ Change from | $ Change from |
| <u>(Dollars in thousands, except per share data)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Common equity | $4424548 | 4380931 | 3550719 | 43617 | 873829 |
| Accumulated other comprehensive loss | (176049) | (167110) | (263111) | (8939) | 87062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 4248499 | 4213821 | 3287608 | 34678 | 960891 |
| Goodwill and intangibles, net | (1478753) | (1483552) | (1099229) | 4799 | (379524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity (non-GAAP) <sup>1</sup> | $2769746 | 2730269 | 2188379 | 39477 | 581367 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Stockholders' equity to total assets | 13.39% | 13.18% | 11.80% |  |  |
| Tangible stockholders' equity to total tangible assets (non-GAAP) <sup>1</sup> | 9.15% | 8.95% | 8.18% |  |  |
| Book value per common share | $32.65 | 32.42 | 28.96 | 0.23 | 3.69 |
| Tangible book value per common share (non-GAAP) <sup>1</sup> | $21.29 | 21.01 | 19.28 | 0.28 | 2.01 |

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______________________________

<sup>1</sup> 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 $2.770 billion at March 31, 2026 increased $39 million, or 1 percent, compared to the prior quarter and was primarily due to earnings retention. Tangible stockholders' equity increased $581 million, or 27 percent, from the prior year first quarter and was primarily due to $765 million of Company stock issued in connection with the acquisitions of BOID and Guaranty and an $87 million decrease in other comprehensive loss. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the BOID and Guaranty acquisitions. Tangible book value per common share of $21.29 at the current quarter end increased $0.28 per share, or 1 percent, from the prior quarter and increased $2.01 per share, or 10 percent, from the prior year first quarter.

<u>Cash Dividends</u>

On March 25, 2026, the Company's Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable April 16, 2026 to shareholders of record on April 7, 2026. The dividend was the Company's 164th 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.

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**Operating Results for Three Months Ended March 31, 2026** 

**Compared to December 31, 2025 and March 31, 2025**

<u>Income Summary</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months ended | Three Months ended | Three Months ended | $ Change from | $ Change from |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Net interest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | $362337 | 372754 | 289925 | (10417) | 72412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 93660 | 106688 | 99946 | (13028) | (6286) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net interest income | 268677 | 266066 | 189979 | 2611 | 78698 |
| Non-interest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit service charges and other fees | 15265 | 15904 | 13215 | (639) | 2050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment services | 11368 | 12626 | 9328 | (1258) | 2040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous loan fees and charges | 2279 | 2519 | 1691 | (240) | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 5108 | 4594 | 4311 | 514 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) on sale of securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | 4062 | 4804 | 4097 | (742) | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 38082 | 40447 | 32642 | (2365) | 5440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total income | $306759 | 306513 | 222621 | 246 | 84138 |
| Net interest margin (tax-equivalent) | 3.80% | 3.58% | 3.04% |  |  |
| Core Net Interest margin (tax-equivalent) (non-GAAP) <sup>1</sup> | 3.73% | 3.51% | 2.98% |  |  |

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______________________________

<sup>1</sup> 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.

<u>Net Interest Income</u>

Net interest income of $269 million for the current quarter increased $2.6 million, or 1 percent, from the prior quarter net interest income of $266 million and increased $78.7 million, or 41 percent, from the prior year first quarter net interest income of $190 million. The current quarter interest income of $362 million decreased $10.4 million, or 3 percent, over the prior quarter which primarily resulted from a decrease in debt securities. The current quarter interest income increased $72.4 million, or 25 percent, over the prior year first quarter and was primarily driven by both increased loans and increased interest rates on earning assets. The loan yield of 6.16 percent in the current quarter increased 7 basis points from the prior quarter loan yield of 6.09 percent and increased 39 basis points from the prior year first quarter loan yield of 5.77 percent.

The current quarter interest expense of $93.7 million decreased $13.0 million, or 12 percent, from the prior quarter, primarily due to a decrease in interest rates on deposits and a decrease in higher cost borrowings. The current quarter interest expense decreased $6.3 million, or 6 percent, from the prior year first quarter and was primarily attributable to the decrease in higher cost borrowings. Deposit cost (including non-interest bearing deposits) decreased to 1.20 percent in the current quarter compared to 1.26 percent in the prior quarter and 1.25 percent in the prior year first quarter.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.80 percent, an increase of 22 basis points from the prior quarter net interest margin of 3.58 percent and was primarily driven by an increase in loan yields and a decrease in the total cost of funding. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter increased 76 basis points from the prior year first quarter net interest margin of 3.04 percent and was also primarily driven by the

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increase in loan yields and the decrease in the total cost of funding. Core net interest margin was 3.73 percent in the current quarter compared to 3.51 percent in the prior quarter and 2.98 percent in the prior year first quarter with the increases also primarily driven by an increase in loan yields and a decrease in total cost of funding. "The Company delivered improvement in both net interest margin and net interest income during the current quarter," said Ron Copher, Chief Financial Officer. "Improved loan yields and continued reduction in funding costs strengthened core earnings and underscores the Company's improving net interest income profile."

<u>Non-interest Income</u>

Non-interest income for the current quarter totaled $38.1 million, which was a decrease of $2.4 million, or 6 percent, over the prior quarter and an increase of $5.4 million, or 17 percent, over the prior year first quarter. Deposit service charges and other fees of $15.3 million for the current quarter decreased $639 thousand, or 4 percent, compared to the prior quarter and was primarily due to seasonal fluctuations. Payment services of $11.4 million for the current quarter decreased $1.3 million, or 10 percent, from the prior quarter and was also primarily driven by seasonal fluctuations. Deposit service charges and other fees increased $2.1 million, or 15 percent, compared to the prior year first quarter and payment services increased $2.0 million, or 22 percent, over the prior year first quarter. Gain on the sale of residential loans of $5.1 million for the current quarter increased $514 thousand, or 11 percent, compared to the prior quarter and increased $797 thousand, or 18 percent, from the prior year first quarter. Other income of $4.1 million in the current quarter decreased $742 thousand, or 15 percent, and was primarily attributable to an $825 thousand decrease in income related to bank owned life insurance proceeds.

<u>Non-interest Expense Summary</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months ended | Three Months ended | Three Months ended | $ Change from | $ Change from |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Compensation and employee benefits | $115770 | 110999 | 91443 | 4771 | 24327 |
| Occupancy and equipment | 15682 | 17529 | 12294 | (1847) | 3388 |
| Advertising and promotions | 5256 | 4609 | 4144 | 647 | 1112 |
| Data processing | 13273 | 13089 | 9138 | 184 | 4135 |
| Other real estate owned and foreclosed assets | 206 | 140 | 63 | 66 | 143 |
| Regulatory assessments and insurance | 6403 | 5495 | 5534 | 908 | 869 |
| Intangibles amortization | 4799 | 5180 | 3270 | (381) | 1529 |
| Other expenses | 39140 | 37516 | 25432 | 1624 | 13708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | $200529 | 194557 | 151318 | 5972 | 49211 |

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Total non-interest expense of $201 million for the current quarter increased $6.0 million, or 3 percent, over the prior quarter. Total non-interest expense increased $49.2 million, or 33 percent, over the prior year first 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 $4.8 million, or 4 percent, over the prior quarter which was primarily driven by annual salary increases and increased employee benefits. Compensation and employee benefits increased $24.3 million, or 27 percent, from the prior year first quarter and was primarily driven by annual salary increases and increases in staffing levels from the acquired banks. Occupancy and equipment expense of $15.7 million decreased $1.8 million, or 11 percent, from the prior quarter and was primarily due to the prior quarter including $1.1 million of expenses related to vacating branch locations. Regulatory assessment and insurance expense of $6.4 million increased $908 thousand, or 17 percent, from the prior quarter primarily from a $739 thousand decrease in expense reduction related to the

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FDIC special assessment. Other expenses of $39.1 million increased $1.6 million, or 4 percent, from the prior quarter and was primarily driven by increased acquisition-related expenses.

Acquisition-related expense was $8.9 million in the current quarter compared to $5.8 million in the prior quarter and $587 thousand in the prior year first quarter. In addition, compensation and employee benefits included $2.8 million of expense attributable to acquisition-related employment agreements in the current quarter compared to $2.9 million in the prior quarter and $251 thousand in the prior year first quarter.

<u>Federal and State Income Tax Expense</u>

Tax expense during the first quarter of 2026 was $18.0 million, an increase of $5.5 million, or 44 percent, compared to the prior quarter and an increase of $9.1 million, or 102 percent, from the prior year first quarter. The effective tax rate in the current quarter was 18.0 percent compared to 16.4 percent in the prior quarter and 14.1 percent in the prior year first quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter and prior year first quarter was primarily the result of an increase in pre-tax income.

<u>Efficiency Ratio</u>

The efficiency ratio was 63.05 percent in the current quarter compared to 61.04 percent in the prior quarter and 65.49 percent in the prior year first quarter. The increase from the prior quarter was principally driven by the increase in acquisition-related expenses. The decrease from the prior year first quarter was primarily due to the increase in net interest income which outpaced the increase in non-interest expense.

<u>Forward-Looking Statements</u> 

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with lending and potential adverse changes in the credit quality of the Company's loan portfolio;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with the Company's ability to negotiate, complete, and successfully integrate acquisitions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs or difficulties related to the completion and integration of future or recently completed acquisitions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• impairment of the goodwill recorded by the Company in connection with acquisitions, which may have an adverse impact on earnings and capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reduction in demand for banking products and services, whether as a result of changes in customer behavior, economic conditions, banking environment, or competition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• deterioration of the reputation of banks and the financial services industry, which could adversely affect the Company's ability to obtain and maintain customers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Risks related to rapidly evolving artificial intelligence technologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with dependence on the Chief Executive Officer, the senior management team and the Presidents of Glacier Bank's divisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks related to natural disasters, including droughts, fires, floods, earthquakes, pandemics, and other unexpected events;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• success in managing risks involved in any of the foregoing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

<u>Conference Call Information</u>

A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, April 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/BId56d290e29e945559b681adb3a18978d. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/2ords9eb.

<u>About Glacier Bancorp, Inc.</u>

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).

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<u>Non-GAAP Financial Measures</u>

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 exhibits 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 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.

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**Glacier Bancorp, Inc.**

**Unaudited Condensed Consolidated Statements of Financial Condition**

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| | | | |
|:---|:---|:---|:---|
| <u>(Dollars in thousands, except per share data)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash on hand and in banks | $350801 | 321526 | 322253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest bearing cash deposits | 1034436 | 913735 | 659232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1385237 | 1235261 | 981485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities, available-for-sale | 3585531 | 4007512 | 4172312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities, held-to-maturity | 3058662 | 3110216 | 3261575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total debt securities | 6644193 | 7117728 | 7433887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale, at fair value | 41652 | 39186 | 40523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable | 21033663 | 20927796 | 17218518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (255771) | (255319) | (210400) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | 20777892 | 20672477 | 17008118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment, net | 492031 | 486184 | 411095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets, net | 76344 | 75574 | 54441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned and foreclosed assets | 1610 | 411 | 1153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest receivable | 122795 | 120092 | 103992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax asset | 103863 | 101337 | 122942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangibles, net | 100470 | 105269 | 47911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 1378283 | 1378283 | 1051318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank stock, at cost | 21524 | 42764 | 88134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank-owned life insurance | 236540 | 235090 | 191044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 351648 | 368407 | 322836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $31734082 | 31978063 | 27858879 |
| **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-interest bearing deposits | $7427280 | 7314779 | 6100548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest bearing deposits | 17314591 | 17276317 | 14533502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | 2085623 | 2084113 | 1849070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB advances |  | 440000 | 1520000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowed funds | 51564 | 51473 | 62216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance lease liabilities | 31209 | 28808 | 20227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated debentures | 188032 | 187492 | 133145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest payable | 30512 | 32786 | 30231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | 51457 | 52869 | 39244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 305315 | 295605 | 283088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 27485583 | 27764242 | 24571271 |
| **Commitments and Contingent Liabilities** |  |  |  |
| **Stockholders' Equity** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred shares, $0.01 par value per share, 1,000,000 shares authorized, none issued or outstanding |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.01 par value per share, 234,000,000 shares authorized | 1301 | 1300 | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in capital | 3224619 | 3220064 | 2449311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings - substantially restricted | 1198628 | 1159567 | 1100273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (176049) | (167110) | (263111) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 4248499 | 4213821 | 3287608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $31734082 | 31978063 | 27858879 |

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**Glacier Bancorp, Inc.**

**Unaudited Condensed Consolidated Statements of Operations**

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| | | | |
|:---|:---|:---|:---|
| | Three Months ended | Three Months ended | Three Months ended |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| **Interest Income** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment securities | $45126 | 51988 | 45646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate loans | 33708 | 35164 | 24275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial loans | 258616 | 259456 | 197388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer and other loans | 24887 | 26146 | 22616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 362337 | 372754 | 289925 |
| **Interest Expense** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 72251 | 78407 | 62865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | 13619 | 14624 | 13733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 4226 | 9456 | 20719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowed funds | 443 | 745 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated debentures | 3121 | 3456 | 2227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 93660 | 106688 | 99946 |
| **Net Interest Income** | 268677 | 266066 | 189979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 6064 | 35663 | 7814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for credit losses | 262613 | 230403 | 182165 |
| **Non-Interest Income** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit service charges and other fees | 15265 | 15904 | 13215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment services | 11368 | 12626 | 9328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous loan fees and charges | 2279 | 2519 | 1691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 5108 | 4594 | 4311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) on sale of securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | 4062 | 4804 | 4097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 38082 | 40447 | 32642 |
| **Non-Interest Expense** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation and employee benefits | 115770 | 110999 | 91443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 15682 | 17529 | 12294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising and promotions | 5256 | 4609 | 4144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Data processing | 13273 | 13089 | 9138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned and foreclosed assets | 206 | 140 | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulatory assessments and insurance | 6403 | 5495 | 5534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangibles amortization | 4799 | 5180 | 3270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other expenses | 39140 | 37516 | 25432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 200529 | 194557 | 151318 |
| **Income Before Income Taxes** | 100166 | 76293 | 63489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal and state income tax expense | 18022 | 12514 | 8921 |
| **Net Income** | $82144 | 63779 | 54568 |

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**Glacier Bancorp, Inc.**

**Non-GAAP Financial Measures and Reconciliations**

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| | | | |
|:---|:---|:---|:---|
| <u>(Dollars in thousands)</u> | Mar 31, 2026 | Dec 31, 2025 | Mar 31, 2025 |
| **Tangible Equity** |  |  |  |
| &nbsp;&nbsp;Total stockholders' equity | $4248499 | 4213821 | 3287608 |
| &nbsp;&nbsp;Less: goodwill and intangible assets, net | (1478753) | (1483552) | (1099229) |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity (non-GAAP) | $2769746 | 2730269 | 2188379 |
| **Tangible Assets** |  |  |  |
| &nbsp;&nbsp;Total assets | $31734082 | 31978063 | 27858879 |
| &nbsp;&nbsp;Less: goodwill and intangible assets, net | (1478753) | (1483552) | (1099229) |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible assets (non-GAAP) | $30255329 | 30494511 | 26759650 |
| Tangible equity to tangible assets (non-GAAP) | 9.15% | 8.95% | 8.18% |
| Book value per share | $32.65 | $32.42 | $28.96 |
| Tangible book value per share (non-GAAP) | $21.29 | $21.01 | $19.28 |

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| | | | |
|:---|:---|:---|:---|
| | At or for the Three Months ended | At or for the Three Months ended | At or for the Three Months ended |
| <u>(Dollars in thousands)</u> | Mar 31, 2026 | Dec 31, 2025 | Mar 31, 2025 |
| **Core Net Interest Margin** |  |  |  |
| &nbsp;&nbsp;Net interest income (tax equivalent) <sup>1</sup> | $272383 | 269618 | 193400 |
| &nbsp;&nbsp; Purchase accounting | (5140) | (4628) | (3361) |
| &nbsp;&nbsp; Non-accrual loan (recovery) reversal | (42) | (693) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Core net interest income (tax equivalent) (non-GAAP) | $267201 | 264297 | 190053 |
| Average earning assets | $29078665 | 29842441 | 25830807 |
| Net interest margin | 3.80% | 3.58% | 3.04% |
| Core net interest margin (non-GAAP) | 3.73% | 3.51% | 2.98% |

---

______________________________

<sup>1</sup> Includes tax effect of $3.7 million, $3.6 million and $3.4 million on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the three months ended March 31, 2026 , December 31, 2025, and March 31, 2025, respectively.

------

---

| | | | |
|:---|:---|:---|:---|
| | At or for the Three Months ended | At or for the Three Months ended | At or for the Three Months ended |
| <u>(Dollars in thousands)</u> | Mar 31, 2026 | Dec 31, 2025 | Mar 31, 2025 |
| **Operating Diluted Earnings Per Share** |  |  |  |
| Net income | $82144 | 63779 | 54568 |
| &nbsp;&nbsp;Operating adjustments |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan interest (recovery) reversal | (42) | (693) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;BOLI proceeds | (776) | (1601) | (1114) |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition-related compensation | 2775 | 2946 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease terminations | 200 | 1101 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment | (87) | (827) | (219) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on fixed assets | 445 | 1918 | (1010) |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition ACL expense |  | 27247 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition-related expense | 8907 | 5802 | 587 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax impact | (3018) | (9274) | 264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net operating adjustments | 8404 | 26619 | (1227) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating net income (non-GAAP) | $90548 | 90398 | 53341 |
| Weighted average diluted commons shares outstanding | 130242765 | 130145104 | 113546365 |
| Diluted EPS | $0.63 | $0.49 | $0.48 |
| Operating diluted EPS (non-GAAP) | $0.70 | $0.69 | $0.47 |

---

------

**Glacier Bancorp, Inc.**

**Average Balance Sheets**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Three Months ended | Three Months ended | Three Months ended | Three Months ended | Three Months ended | Three Months ended |
| | March 31, 2026 | March 31, 2026 | March 31, 2026 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| <u>(Dollars in thousands)</u> | Average<br>Balance | Interest &<br>Dividends | Average<br>Yield/<br>Rate | Average<br>Balance | Interest &<br>Dividends | Average<br>Yield/<br>Rate |
| **Assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Residential real estate loans | $2360462 | $33708 | 5.71% | $2515221 | $35164 | 5.59% |
| &nbsp;&nbsp;Commercial loans <sup>1</sup> | 17206377 | 260287 | 6.13% | 17061043 | 261088 | 6.07% |
| &nbsp;&nbsp;&nbsp;Consumer and other loans | 1425664 | 24887 | 7.08% | 1412458 | 26146 | 7.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans <sup>2</sup> | 20992503 | 318882 | 6.16% | 20988722 | 322398 | 6.09% |
| &nbsp;&nbsp;Tax-exempt debt securities <sup>3</sup> | 1647612 | 14452 | 3.51% | 1665176 | 14189 | 3.41% |
| &nbsp;&nbsp;Taxable debt securities <sup>4, 5</sup> | 6438550 | 32709 | 2.03% | 7188543 | 39719 | 2.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | 29078665 | 366043 | 5.11% | 29842441 | 376306 | 5.00% |
| &nbsp;&nbsp;&nbsp;Goodwill and intangibles | 1481187 |  |  | 1444364 |  |  |
| &nbsp;&nbsp;&nbsp;Non-earning assets | 1203188 |  |  | 1201340 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $31763040 |  |  | $32488145 |  |  |
| **Liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-interest bearing deposits | $7230420 | $— | —% | $7526159 | $— | —% |
| &nbsp;&nbsp;&nbsp;NOW and DDA accounts | 6167696 | 15897 | 1.05% | 6118413 | 16991 | 1.10% |
| &nbsp;&nbsp;&nbsp;Savings accounts | 3163850 | 5500 | 0.71% | 3174869 | 6014 | 0.75% |
| &nbsp;&nbsp;&nbsp;Money market deposit accounts | 3963618 | 19078 | 1.95% | 3993241 | 20962 | 2.08% |
| &nbsp;&nbsp;&nbsp;Certificate accounts | 3896903 | 31742 | 3.30% | 3929727 | 34407 | 3.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total core deposits | 24422487 | 72217 | 1.20% | 24742409 | 78374 | 1.26% |
| &nbsp;&nbsp;Wholesale deposits <sup>6</sup> | 3615 | 34 | 3.81% | 3257 | 33 | 4.15% |
| &nbsp;&nbsp;&nbsp;Repurchase agreements | 2074082 | 13619 | 2.66% | 2087256 | 14624 | 2.78% |
| &nbsp;&nbsp;&nbsp;FHLB advances | 361778 | 4226 | 4.67% | 792290 | 9456 | 4.67% |
| &nbsp;&nbsp;Subordinated debentures and other borrowed funds | 267450 | 3564 | 5.40% | 270924 | 4201 | 6.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total funding liabilities | 27129412 | 93660 | 1.40% | 27896136 | 106688 | 1.52% |
| &nbsp;&nbsp;&nbsp;Other liabilities | 372547 |  |  | 406289 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 27501959 |  |  | 28302425 |  |  |
| **Stockholders' Equity** |  |  |  |  |  |  |
| &nbsp;&nbsp;Stockholders' equity | 4261081 |  |  | 4185720 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $31763040 |  |  | $32488145 |  |  |
| Net interest income (tax-equivalent) |  | $272383 |  |  | $269618 |  |
| Net interest spread (tax-equivalent) |  |  | 3.71% |  |  | 3.48% |
| Net interest margin (tax-equivalent) |  |  | 3.80% |  |  | 3.58% |

---

______________________________

<sup>1</sup> Includes tax effect of $1.7 million and $1.6 million on tax-exempt municipal loan and lease income for the three months ended March 31, 2026 and December 31, 2025, respectively.

<sup>2</sup> 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.

<sup>3</sup> Includes tax effect of $2.0 million and $1.8 million on tax-exempt debt securities income for the three months ended March 31, 2026 and December 31, 2025, respectively.

<sup>4</sup> &nbsp;&nbsp;&nbsp;&nbsp;Includes interest income of $8.1 million and $11.2 million on average interest-bearing cash balances of $894.0 million and $1.1 billion for the three months ended March 31, 2026 and December 31, 2025, respectively.

<sup>5</sup> Includes tax effect of $68 thousand and $151 thousand on federal income tax credits for the three months ended March 31, 2026 and December 31, 2025, respectively.

<sup>6</sup> 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 | Three Months ended | Three Months ended | Three Months ended | Three Months ended | Three Months ended |
| | March 31, 2026 | March 31, 2026 | March 31, 2026 | March 31, 2025 | March 31, 2025 | March 31, 2025 |
| <u>(Dollars in thousands)</u> | Average<br>Balance | Interest &<br>Dividends | Average<br>Yield/<br>Rate | Average<br>Balance | Interest &<br>Dividends | Average<br>Yield/<br>Rate |
| **Assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Residential real estate loans | $2360462 | $33708 | 5.71% | $1885497 | $24275 | 5.15% |
| &nbsp;&nbsp;Commercial loans <sup>1</sup> | 17206377 | 260287 | 6.13% | 14091210 | 198921 | 5.73% |
| &nbsp;&nbsp;&nbsp;Consumer and other loans | 1425664 | 24887 | 7.08% | 1302687 | 22616 | 7.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans <sup>2</sup> | 20992503 | 318882 | 6.16% | 17279394 | 245812 | 5.77% |
| &nbsp;&nbsp;Tax-exempt debt securities <sup>3</sup> | 1647612 | 14452 | 3.51% | 1604851 | 13936 | 3.47% |
| &nbsp;&nbsp;Taxable debt securities <sup>4, 5</sup> | 6438550 | 32709 | 2.03% | 6946562 | 33598 | 1.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | 29078665 | 366043 | 5.11% | 25830807 | 293346 | 4.61% |
| &nbsp;&nbsp;&nbsp;Goodwill and intangibles | 1481187 |  |  | 1100801 |  |  |
| &nbsp;&nbsp;&nbsp;Non-earning assets | 1203188 |  |  | 847855 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $31763040 |  |  | $27779463 |  |  |
| **Liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-interest bearing deposits | $7230420 | $— | —% | $5989490 | $— | —% |
| &nbsp;&nbsp;&nbsp;NOW and DDA accounts | 6167696 | 15897 | 1.05% | 5525976 | 15065 | 1.11% |
| &nbsp;&nbsp;&nbsp;Savings accounts | 3163850 | 5500 | 0.71% | 2861675 | 5159 | 0.73% |
| &nbsp;&nbsp;&nbsp;Money market deposit accounts | 3963618 | 19078 | 1.95% | 2849470 | 13526 | 1.93% |
| &nbsp;&nbsp;&nbsp;Certificate accounts | 3896903 | 31742 | 3.30% | 3152198 | 29075 | 3.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total core deposits | 24422487 | 72217 | 1.20% | 20378809 | 62825 | 1.25% |
| &nbsp;&nbsp;Wholesale deposits <sup>6</sup> | 3615 | 34 | 3.81% | 3600 | 40 | 4.53% |
| &nbsp;&nbsp;&nbsp;Repurchase agreements | 2074082 | 13619 | 2.66% | 1842773 | 13733 | 3.02% |
| &nbsp;&nbsp;&nbsp;FHLB advances | 361778 | 4226 | 4.67% | 1744000 | 20719 | 4.75% |
| &nbsp;&nbsp;Subordinated debentures and other borrowed funds | 267450 | 3564 | 5.40% | 216073 | 2629 | 4.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total funding liabilities | 27129412 | 93660 | 1.40% | 24185255 | 99946 | 1.68% |
| &nbsp;&nbsp;&nbsp;Other liabilities | 372547 |  |  | 326764 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 27501959 |  |  | 24512019 |  |  |
| **Stockholders' Equity** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Stockholders' equity | 4261081 |  |  | 3267444 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $31763040 |  |  | $27779463 |  |  |
| Net interest income (tax-equivalent) |  | $272383 |  |  | $193400 |  |
| Net interest spread (tax-equivalent) |  |  | 3.71% |  |  | 2.93% |
| Net interest margin (tax-equivalent) |  |  | 3.80% |  |  | 3.04% |

---

______________________________

<sup>1</sup> Includes tax effect of $1.7 million and $1.5 million on tax-exempt municipal loan and lease income for the three months ended March 31, 2026 and 2025, respectively.

<sup>2</sup> 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.

<sup>3</sup> Includes tax effect of $2.0 million and $1.7 million on tax-exempt debt securities income for the three months ended March 31, 2026 and 2025, respectively.

<sup>4</sup> &nbsp;&nbsp;&nbsp;&nbsp;Includes interest income of $8.1 million and $6.1 million on average interest-bearing cash balances of $894.0 million and $559.5 million for the three months ended March 31, 2026 and 2025, respectively.

<sup>5</sup> Includes tax effect of $68 thousand and $150 thousand on federal income tax credits for the three months ended March 31, 2026 and 2025, respectively.

<sup>6</sup> 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 | Loans Receivable, by Loan Type | Loans Receivable, by Loan Type | % Change from | % Change from |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Custom and owner occupied construction | $227869 | $263713 | $233584 | (14)% | (2)% |
| Pre-sold and spec construction | 268831 | 255542 | 200921 | 5% | 34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total residential construction** | **496700** | **519255** | **434505** | **(4)%** | **14%** |
| Land development | 218943 | 263262 | 177448 | (17)% | 23% |
| Consumer land or lots | 234467 | 247769 | 197553 | (5)% | 19% |
| Unimproved land | 240944 | 167796 | 115528 | 44% | 109% |
| Developed lots for operative builders | 50056 | 69786 | 64782 | (28)% | (23)% |
| Commercial lots | 120528 | 155631 | 95574 | (23)% | 26% |
| Other construction | 1144637 | 1122350 | 714151 | 2% | 60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total land, lot, and other construction** | **2009575** | **2026594** | **1365036** | **(1)%** | **47%** |
| Owner occupied | 3908697 | 3950726 | 3182589 | (1)% | 23% |
| Non-owner occupied | 5125101 | 4859173 | 4054107 | 5% | 26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total commercial real estate** | **9033798** | **8809899** | **7236696** | **3%** | **25%** |
| **Commercial and industrial** | **1630625** | **1649101** | **1392365** | **(1)%** | **17%** |
| **Agriculture** | **1252040** | **1282861** | **1016081** | **(2)%** | **23%** |
| First lien | 3051563 | 3098023 | 2499494 | (1)% | 22% |
| Junior lien | 103240 | 106205 | 85343 | (3)% | 21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total 1-4 family** | **3154803** | **3204228** | **2584837** | **(2)%** | **22%** |
| **Multifamily residential** | **1068813** | **1019484** | **874071** | **5%** | **22%** |
| Home equity lines of credit | 1081438 | 1076201 | 989043 | —% | 9% |
| Other consumer | 227762 | 237393 | 188388 | (4)% | 21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **1309200** | **1313594** | **1177431** | **— %** | **11%** |
| **States and political subdivisions** | **945587** | **964591** | **1001058** | **(2)%** | **(6)%** |
| **Other** | **174174** | **177375** | **176961** | **(2)%** | **(2)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans receivable, including <br>&nbsp;&nbsp;&nbsp;&nbsp;loans held for sale | 21075315 | 20966982 | 17259041 | 1% | 22% |
| **Less loans held for sale** <sup>1</sup> | **(41652)** | **(39186)** | **(40523)** | **6%** | **3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans receivable | $21033663 | $20927796 | $17218518 | 1% | 22% |

---

______________________________

<sup>1</sup> Loans held for sale are primarily first lien 1-4 family loans.

------

**Glacier Bancorp, Inc.**

**Credit Quality Summary by Regulatory Classification**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | <br>Non-performing Assets, by Loan Type | <br>Non-performing Assets, by Loan Type | <br>Non-performing Assets, by Loan Type | Non-<br>Accrual<br>Loans | Accruing<br>Loans 90<br>Days<br>or More Past<br>Due | Other real estate owned and foreclosed assets |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Mar 31,<br>2026 | Mar 31,<br>2026 | Mar 31,<br>2026 |
| Custom and owner occupied construction | $404 | 183 | 194 | 404 |  |  |
| Pre-sold and spec construction | 889 | 919 | 2896 | 889 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total residential construction** | **1293** | **1102** | **3090** | **1293** | **—** | **—** |
| Land development | 866 | 898 | 935 | 866 |  |  |
| Consumer land or lots | 17 | 79 | 173 | 17 |  |  |
| Developed lots for operative builders | 567 | 456 | 531 |  |  | 567 |
| Commercial lots |  | 556 | 47 |  |  |  |
| Other construction | 580 | 129 |  |  |  | 580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total land, lot and other construction** | **2030** | **2118** | **1686** | **883** | **—** | **1147** |
| Owner occupied | 4254 | 3969 | 3601 | 3418 | 836 |  |
| Non-owner occupied | 18423 | 7606 | 2235 | 18423 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total commercial real estate** | **22677** | **11575** | **5836** | **21841** | **836** | **—** |
| **Commercial and Industrial** | **26480** | **27308** | **12367** | **22225** | **4144** | **111** |
| **Agriculture** | **6119** | **3549** | **2382** | **2371** | **3748** | **—** |
| First lien | 14231 | 15816 | 8752 | 9949 | 4167 | 115 |
| Junior lien | 1276 | 1776 | 296 | 1276 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total 1-4 family** | **15507** | **17592** | **9048** | **11225** | **4167** | **115** |
| **Multifamily residential** | **409** | **395** | **400** | **409** | **—** | **—** |
| Home equity lines of credit | 3746 | 3968 | 3479 | 3420 | 171 | 155 |
| Other consumer | 1151 | 1229 | 1003 | 748 | 321 | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **4897** | **5197** | **4482** | **4168** | **492** | **237** |
| **Other** | **83** | **59** | **47** | **—** | **83** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $79495 | 68895 | 39338 | 64415 | 13470 | 1610 |

---

------

**Glacier Bancorp, Inc.**

**Credit Quality Summary by Regulatory Classification (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Accruing 30-89 Days Delinquent Loans, by Loan Type | Accruing 30-89 Days Delinquent Loans, by Loan Type | Accruing 30-89 Days Delinquent Loans, by Loan Type | % Change from | % Change from |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2025 | Mar 31,<br>2025 |
| Custom and owner occupied construction | $— | $533 | $786 | (100)% | (100)% |
| Pre-sold and spec construction | 2284 | 1189 |  | 92% | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total residential construction** | **2284** | **1722** | **786** | **33%** | **191%** |
| Land development | 416 | 3994 |  | (90)% | n/m |
| Consumer land or lots | 1041 | 1162 | 1026 | (10)% | 1% |
| Unimproved land | 454 |  | 32 | n/m | 1319% |
| Developed lots for operative builders | 5218 | 2300 |  | 127% | n/m |
| Commercial lots |  | 965 | 189 | (100)% | (100)% |
| Other construction |  | 4787 |  | (100)% | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total land, lot and other construction** | **7129** | **13208** | **1247** | **(46)%** | **472%** |
| Owner occupied | 9985 | 6103 | 3786 | 64% | 164% |
| Non-owner occupied | 21459 | 15388 | 346 | 39% | 6102% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total commercial real estate** | **31444** | **21491** | **4132** | **46%** | **661%** |
| **Commercial and industrial** | **11662** | **10215** | **5358** | **14%** | **118%** |
| **Agriculture** | **4424** | **2390** | **5731** | **85%** | **(23)%** |
| First lien | 19407 | 19699 | 14826 | (1)% | 31% |
| Junior lien | 2576 | 20 | 1023 | 12780% | 152% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total 1-4 family** | **21983** | **19719** | **15849** | **11%** | **39%** |
| **Multifamily Residential** | **869** | **150** | **—** | **479%** | **n/m** |
| Home equity lines of credit | 7111 | 5415 | 6993 | 31% | 2% |
| Other consumer | 1755 | 1866 | 1824 | (6)% | (4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **8866** | **7281** | **8817** | **22%** | **1%** |
| **States and political subdivisions** | **—** | **—** | **3220** | **n/m** | **(100)%** |
| **Other** | **3099** | **2650** | **1318** | **17%** | **135%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $91760 | $78826 | $46458 | 16% | 98% |

---

______________________________

n/m - not measurable

------

**Glacier Bancorp, Inc.**

**Credit Quality Summary by Regulatory Classification (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Net Charge-Offs (Recoveries), Year-to-Date<br>Period Ending, By Loan Type | Net Charge-Offs (Recoveries), Year-to-Date<br>Period Ending, By Loan Type | Net Charge-Offs (Recoveries), Year-to-Date<br>Period Ending, By Loan Type | Charge-Offs | Recoveries |
| <u>(Dollars in thousands)</u> | Mar 31,<br>2026 | Dec 31,<br>2025 | Mar 31,<br>2025 | Mar 31,<br>2026 | Mar 31,<br>2026 |
| Land development | $— | (358) | (341) |  |  |
| Consumer land or lots |  | (5) | (3) |  |  |
| Developed lots for operative builders |  | (8) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total land, lot and other construction** | **—** | **(371)** | **(344)** | **—** | **—** |
| Owner occupied |  | (2) | (1) |  |  |
| Non-owner occupied |  | 2232 | (6) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total commercial real estate** | **—** | **2230** | **(7)** | **—** | **—** |
| **Commercial and industrial** | **576** | **2104** | **92** | **607** | **31** |
| **Agriculture** | **(2)** | **(112)** | **(1)** | **—** | **2** |
| First lien | 86 | (182) | (69) | 121 | 35 |
| Junior lien | (19) | (38) | (5) |  | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total 1-4 family** | **67** | **(220)** | **(74)** | **121** | **54** |
| Home equity lines of credit | 82 | 43 | (20) | 114 | 32 |
| Other consumer | 173 | 1600 | 276 | 320 | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **255** | **1643** | **256** | **434** | **179** |
| **Other** | **2166** | **7448** | **1873** | **3024** | **858** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $3062 | 12722 | 1795 | 4186 | 1124 |

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*Visit our website at www.glacierbancorp.com*