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

Rhea-AI Summary

Glacier Bancorp (NYSE:GBCI) reported second quarter 2026 net income of $97.9 million, up 19 percent from Q1 2026 and 85 percent from Q2 2025. Diluted EPS was $0.75, up from $0.63 sequentially and $0.45 year over year, with operating diluted EPS of $0.76. Net interest income rose to $276 million, and the tax‑equivalent net interest margin improved to 3.90%. The loan portfolio reached $21.36 billion, growing 6 percent annualized from Q1 and 15 percent year over year, while total average deposits were $24.54 billion.

For the first half of 2026, net income was $180 million and diluted EPS $1.38. Net interest income for the period was $545 million, up 37 percent year over year, and net interest margin was 3.85%. Glacier completed the core system conversion of the October 2025 Guaranty acquisition and declared a quarterly dividend of $0.33 per share, totaling $0.66 year‑to‑date.

Positive

• Q2 2026 net income $97.9M, up 19% QoQ and 85% YoY
• Q2 2026 diluted EPS $0.75, up from $0.63 QoQ and $0.45 YoY
• Net interest income $276M in Q2 and $545M first half, both higher YoY
• Net interest margin 3.90% in Q2 and 3.85% for first half, up sharply YoY
• Loan portfolio $21.36B, up 6% annualized QoQ and 15% YoY
• Quarterly dividend $0.33 per share; $0.66 declared in first half 2026

Negative

• Non-performing assets $91.8M, up 16% QoQ and 89% YoY
• Total provision for credit losses $12.4M for six months ended June 30, 2026
• Allowance coverage of non-performing loans declined to 288% from 373% at year-end 2025

News Explained

At June 30 versus March 31, cash fell and non-performing assets rose.

For the quarter ended June 30, 2026, Glacier Bancorp reported lower cash and debt securities than at March 31, 2026 and higher non-performing assets, changing its liquidity and credit-quality profile.

The credit indicators were mixed: non-performing assets rose to $91.8 million, while accruing loans 30 to 89 days past due fell from $91.8 million to $65.5 million.

News Market Reaction – GBCI

-0.75%

-0.75% Session close to close

In the Jul 24 session, GBCI declined 0.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The active S-3ASR shelf is effective through Dec 19, 2028 and permits periodic issuance of securitie...

Analysis

The active S-3ASR shelf is effective through Dec 19, 2028 and permits periodic issuance of securities. That financing framework adds context to the results; credit-quality trends remain a risk to monitor.

Key Figures

Net income: $97.9 million Diluted EPS: $0.75 per share Operating diluted EPS: $0.76 per share +5 more

8 metrics

Net income $97.9 million 2nd quarter 2026; up 19% from prior quarter and 85% year over year

Diluted EPS $0.75 per share 2nd quarter 2026; up 19% from prior quarter and 67% year over year

Operating diluted EPS $0.76 per share 2nd quarter 2026; non-GAAP measure

Net interest income $276 million 2nd quarter 2026; up 3% from prior quarter and 33% year over year

Loan portfolio $21.364 billion At June 30, 2026; up 6% annualized from prior quarter

Net interest margin 3.90% 2nd quarter 2026; up 10 basis points from prior quarter

Quarterly dividend $0.33 per share Dividend declared for the current quarter

Non-performing assets $91.8 million At June 30, 2026; up 16% from prior quarter and 89% year over year

Historical Context

5 past events · Latest: Jun 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 30	Earnings release notice	Neutral	+2.3%	Scheduled second-quarter results release and conference call
Jun 23	Dividend declaration	Positive	+1.4%	Declared quarterly cash dividend with established consecutive payment history
Apr 23	Earnings report	Positive	-1.3%	Reported first-quarter earnings, margin expansion, loan growth, and dividend declaration
Apr 06	Earnings release notice	Neutral	-0.5%	Scheduled first-quarter results release and investor conference call
Mar 25	Dividend declaration	Positive	-0.4%	Declared quarterly cash dividend payable to shareholders of record

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive earnings and dividend announcements produced mixed subsequent reactions, with four of five selected events diverging from the announcement sentiment.

Key Terms

net interest margin, tax-equivalent basis, non-gaap financial measure, allowance for credit losses, +1 more

5 terms

net interest margin financial

"The net interest margin as a percentage of earning assets"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

tax-equivalent basis financial

"on a tax-equivalent basis, for the current quarter was 3.90 percent"

A tax-equivalent basis is a way to compare investments by converting a tax-free return into the taxable return you would need to receive the same after-tax income, using your marginal tax rate. It matters to investors because it lets you compare dissimilar securities — for example, a tax-exempt bond versus a taxable bond — on an equal footing, much like converting different currencies to the same money before comparing prices.

non-gaap financial measure financial

"Represents a non-GAAP financial measure."

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

allowance for credit losses financial

"Allowance for credit losses as a percentage of non-performing loans"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing assets financial

"Non-performing assets of $91.8 million at June 30, 2026"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

2nd Quarter 2026 Highlights:

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

First Half 2026 Highlights:

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

---

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

Financial Summary  

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

____________________________

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

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

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

Asset Summary

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

_____________________________

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

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

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

Credit Quality Summary

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

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

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

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

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

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

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

Liability Summary

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

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

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

Stockholders’ Equity Summary

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

______________________________

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

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

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

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

Income Summary

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

_____________________________

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

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

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

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

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

Non-interest Expense Summary

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

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

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

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

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

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

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

Income Summary

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

______________________________

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

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

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

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

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

Non-interest Expense Summary

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

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

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

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

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

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

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

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

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

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

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

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

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

CONTACT: Randall M. Chesler, CEO

(406) 751-4722

Ron J. Copher, CFO

(406) 751-7706

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

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

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations
(Dollars in thousands)		Jun 30, 2026					Mar 31, 2026			Dec 31, 2025				Jun 30, 2025
Tangible Equity
Total stockholders’ equity		$	4,313,022				4,248,499				4,213,821				3,532,264
Less: goodwill and intangible assets, net			(1,473,954	)			(1,478,753	)			(1,483,552	)			(1,186,350	)
Tangible stockholders' equity (non-GAAP)		$	2,839,068				2,769,746				2,730,269				2,345,914
Tangible Assets
Total assets		$	31,599,001				31,734,082				31,978,063				29,004,983
Less: goodwill and intangible assets, net			(1,473,954	)			(1,478,753	)			(1,483,552	)			(1,186,350	)
Tangible assets (non-GAAP)		$	30,125,047				30,255,329				30,494,511				27,818,633
Tangible equity to tangible assets (non-GAAP)			9.42	%			9.15	%			8.95	%			8.43	%
Book value per share		$	33.13			$	32.65			$	32.42			$	29.80
Tangible book value per share (non-GAAP)		$	21.81			$	21.29			$	21.01			$	19.79

		At or for the Three Months ended										At or for the Six Months ended
(Dollars in thousands)		Jun 30, 2026				Mar 31, 2026			Jun 30, 2025			Jun 30, 2026			Jun 30, 2025
Core Net Interest Margin
Net interest income (tax equivalent)1		$	280,016			272,383			211,081			552,399			404,481
Purchase accounting			(3,832	)		(5,140	)		(2,103	)		(8,973	)		(5,463	)
Non-accrual loan interest reversal (recovery)			825			(42	)		191			784			204
Core net interest income (tax equivalent) (non-GAAP)		$	277,009			267,201			209,169			544,210			399,222
Average earning assets		$	28,793,343			29,078,665			26,401,636			28,935,216			26,117,798
Net interest margin (tax equivalent)			3.90	%		3.80	%		3.21	%		3.85	%		3.12	%
Core net interest margin (tax equivalent) (non-GAAP)			3.86	%		3.73	%		3.18	%		3.79	%		3.08	%

______________________________

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

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations (continued)
		At or for the Three Months ended												At or for the Six Months ended
(Dollars in thousands)		Jun 30, 2026				Mar 31, 2026				Jun 30, 2025				Jun 30, 2026				Jun 30, 2025
Operating Diluted Earnings Per Share
Net income		$	97,862				82,144				52,781				180,006				107,349
Provision for credit losses - acquisition ACL expense			—				—				16,693				—				16,693
Operating adjustments - non-interest income
(Gain) loss on securities			—				—				—				—				—
BOLI proceeds			(63	)			(776	)			—				(839	)			(1,113	)
Total operating adjustments - non-interest income			(63	)			(776	)			—				(839	)			(1,113	)
Operating adjustments - non-interest expense
Acquisition-related compensation			2,462				2,775				544				5,237				795
Lease terminations			—				200				—				200				—
FDIC special assessment			—				(87	)			—				(87	)			(219	)
(Gain) loss on fixed assets			(2,618	)			445				(1,612	)			(2,173	)			(2,622	)
Acquisition-related expense			1,590				8,907				3,231				10,497				3,818
Total operating adjustments - non-interest expense			1,434				12,240				2,163				13,674				1,772
Tax impact			(341	)			(3,028	)			(4,699	)			(3,369	)			(4,432	)
Net operating adjustments			1,030				8,436				14,157				9,466				12,920
Operating net income (non-GAAP)		$	98,892				90,580				66,938				189,472				120,269
Weighted average diluted common shares outstanding			130,346,888				130,242,765				116,918,290				130,283,236				115,244,550
Diluted EPS		$	0.75			$	0.63			$	0.45			$	1.38			$	0.93
Operating diluted EPS (non-GAAP)		$	0.76			$	0.70			$	0.57			$	1.45			$	1.04

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations (continued)
		At or for the Three Months ended												At or for the Six Months ended
(Dollars in thousands)		June 30, 2026				March 31, 2026				June 30, 2025				June 30, 2026				June 30, 2025
Operating Efficiency Ratio
Non-interest expense		$	186,700			$	200,529			$	155,119			$	387,229			$	306,437
OREO expense			(60	)			(16	)			(13	)			(76	)			(31	)
Intangible amortization			(4,799	)			(4,799	)			(3,624	)			(9,598	)			(6,894	)
Total expenses			181,841				195,714				151,482				377,555				299,512
Operating expense adjustments (pre-tax)			(1,434	)			(12,240	)			(2,163	)			(13,674	)			(1,772	)
Total operating non-interest expense (non-GAAP)			180,407				183,474				149,319				363,881				297,740
Net interest income (tax equivalent)			280,016				272,383				211,081				552,399				404,481
Non-interest income			41,101				38,082				32,944				79,183				65,586
Gain (loss) on sale of securities			—				—				—				—				—
OREO income			(110	)			(35	)			—				(145	)			—
Total revenues			321,007				310,430				244,025				631,437				470,067
Operating revenue adjustments (pre-tax)			(63	)			(776	)			—				(839	)			(1,113	)
Total revenues (non-GAAP)		$	320,944				309,654				244,025				630,598				468,954
Efficiency ratio			56.65	%			63.05	%			62.08	%			59.79	%			63.72	%
Efficiency ratio (non-GAAP)			56.21	%			59.25	%			61.19	%			57.70	%			63.49	%

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

______________________________ 

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

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

______________________________

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

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

______________________________

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

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

______________________________

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

FAQ

How did Glacier Bancorp (GBCI) perform in Q2 2026?

Glacier Bancorp reported Q2 2026 net income of $97.9 million and diluted EPS of $0.75. According to Glacier Bancorp, this represents 19% sequential and 85% year-over-year net income growth, supported by higher net interest income and margin expansion.

What were Glacier Bancorp’s net interest margin and net interest income in Q2 2026 (GBCI)?

Glacier Bancorp’s Q2 2026 net interest income was $276 million, with a tax-equivalent net interest margin of 3.90%. According to Glacier Bancorp, both metrics increased versus Q1 2026 and the prior-year quarter, reflecting improved earning asset yields and lower funding costs.

How did Glacier Bancorp’s loans and deposits change by June 30, 2026?

At June 30, 2026 loans were $21.36 billion, up 6% annualized from Q1 and 15% year over year. According to Glacier Bancorp, total average deposits were $24.54 billion, increasing 2% annualized from the prior quarter and 14% year over year.

What were Glacier Bancorp’s first half 2026 earnings and EPS (GBCI)?

For the first half of 2026, Glacier Bancorp reported net income of $180 million and diluted EPS of $1.38. According to Glacier Bancorp, net income rose 68% and EPS 48% year over year, primarily driven by a 37% increase in net interest income.

What dividend did Glacier Bancorp declare for Q2 2026 and year-to-date?

Glacier Bancorp declared a $0.33 per share quarterly dividend in Q2 2026, matching Q1 2026. According to Glacier Bancorp, total dividends declared for the first half of 2026 were $0.66 per share, continuing its long history of consecutive quarterly dividends.

How is Glacier Bancorp’s asset quality trending as of June 30, 2026?

Non-performing assets were $91.8 million, or 0.29% of subsidiary assets, at June 30, 2026. According to Glacier Bancorp, this was higher than both the prior quarter and prior year, while the allowance for credit losses remained at 1.22% of total loans.

What impact did the Guaranty acquisition have on Glacier Bancorp by mid-2026?

Glacier Bancorp completed the core system conversion of Guaranty, acquired in October 2025 with $3.36 billion in assets. According to Glacier Bancorp, Guaranty loans were reclassified to align categories, and excluding this acquisition, loans still grew organically year over year.