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Glacier Bancorp Q3 2026 earnings reach $105M

Higher earning-asset yields and lower deposit costs were cited as primary drivers of the 4.01% tax-equivalent net interest margin.

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8-K

Rhea-AI Filing Summary

Glacier Bancorp, Inc. reported third-quarter 2026 net income of $104.6 million, up 54% year over year; diluted earnings per share were $0.80, up 40%. Net interest income rose 29% to $289.9 million, and tax-equivalent net interest margin increased to 4.01% from 3.39%. The company declared a quarterly dividend of $0.35 per share, 6% above the prior quarter.

At September 30, 2026, loans were $21.620 billion and deposits were $25.273 billion, up $2.829 billion and $3.402 billion, respectively, from a year earlier. Excluding Guaranty, loans and deposits increased $726 million (4%) and $695 million (3%), respectively. Deposits included a temporary quarter-end balance expected to largely exit in the fourth quarter. Non-performing assets were $90.6 million, up 67% year over year; 30–89-day delinquencies were $58.1 million, up 47%. Glacier completed Guaranty’s core system conversion; Guaranty was acquired October 1, 2025.

3 points · 0 major

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0 major · 1 point

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Positive

  • Moderate pointThird-quarter net income rose 54% year over year to $104.6 million.
  • Moderate pointNet interest income increased 29% year over year to $289.9 million.
  • Minor pointQuarterly dividend rose 6% to $0.35 per share.

Negative

  • Moderate pointNon-performing assets rose 67% year over year to $90.6 million.

Filing Explained

Quarter-end cash was higher than in June, while non-performing assets and 30–89-day past-due loans declined sequentially.

At September 30, 2026, Glacier Bancorp reported cash and equivalents of $1,506,781 thousand, compared with $1,056,679 thousand at June 30, 2026.

From June 30 to September 30, non-performing assets declined from $91,849 thousand to $90,641 thousand, and accruing loans 30–89 days past due declined from $65,483 thousand to $58,149 thousand.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income $104.6 million Third quarter ended September 30, 2026; up 54% year over year
Diluted earnings per share $0.80 Third quarter ended September 30, 2026; up 40% year over year
Net interest income $289.9 million Third quarter ended September 30, 2026; up 29% year over year
Net interest margin (tax-equivalent) 4.01% Third quarter ended September 30, 2026; 62 basis points above the prior-year quarter
Loans receivable $21.620 billion At September 30, 2026; increased $2.829 billion year over year
Total deposits $25.273 billion At September 30, 2026; increased $3.402 billion year over year
Non-performing assets $90.6 million At September 30, 2026; increased 67% year over year
Quarterly dividend $0.35 per share Declared for the quarter; 6% above the prior quarter
Net interest margin financial
"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.
Allowance for credit losses financial
"Allowance for credit losses (ACL) on 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
"Total non-performing assets"
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.
Core deposit cost financial
"Core deposit cost (including non-interest bearing deposits)"
Operating diluted earnings per share financial
"Operating diluted earnings per share (non-GAAP)"
Net income $104.6 million Up 54% year over year
Diluted earnings per share $0.80 Up 40% year over year
Net interest income $289.9 million Up 29% year over year
Net interest margin (tax-equivalent) 4.01% Up 62 basis points year over year

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were GBCI's third-quarter 2026 earnings?
Glacier Bancorp reported net income of $104.6 million for the quarter ended September 30, 2026, up 54% from $67.9 million a year earlier. Diluted earnings per share were $0.80, compared with $0.57 a year earlier.

What dividend did GBCI declare, and when was it payable?
The Board declared a quarterly cash dividend of $0.35 per share on September 22, 2026. It was payable October 15, 2026, to shareholders of record on October 6, 2026.

What drove GBCI's third-quarter net interest margin?
The increase was primarily driven by higher earning-asset yields and lower deposit costs. Compared with the prior-year quarter, the company also cited increased loan yields, a shift in earning-asset mix toward higher-yielding loans, and decreased high-cost borrowings.

How much did GBCI report in third-quarter provision for credit losses?
The third-quarter provision for credit losses was $5.1 million, including $5.6 million of credit loss expense on loans and a $534,000 credit loss benefit on unfunded loan commitments.

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

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0000868671false00008686712026-10-222026-10-22

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): October 22, 2026

____________________________________________________________
GLACIER BANCORP, INC.
(Exact name of registrant as specified in its charter)
____________________________________________________________
Montana001-4117081-0519541
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
49 Commons LoopKalispell,Montana59901
(Address of principal executive offices)(Zip Code)
(406)756-4200
(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:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueGBCIThe 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. ☐


Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 22, 2026, Glacier Bancorp, Inc. ("Company") issued a press release announcing its financial results for the quarter ended September 30, 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

(d)    Exhibits

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

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



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.

Dated:October 22, 2026GLACIER BANCORP, INC.
/s/ Randall M. Chesler
By:Randall M. Chesler
President and Chief Executive Officer





logo.jpg

NEWS RELEASE
October 22, 2026
FOR IMMEDIATE RELEASECONTACT: 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 SEPTEMBER 30, 2026

3rd Quarter 2026 Highlights:
•Net income was a record $105 million for the current quarter, an increase of $6.7 million, or 7 percent, from the prior quarter net income of $97.9 million and an increase of $36.7 million, or 54 percent, from the prior year third quarter net income of $67.9 million.
•Diluted earnings per share for the current quarter was $0.80, an increase of $0.05 per share, or 7 percent, from the prior quarter diluted earnings per share of $0.75 and an increase of $0.23 per share, or 40 percent, from the prior year third quarter diluted earnings per share of $0.57.
•Operating diluted earnings per share1 for the current quarter was $0.81, an increase of $0.05 per share, or 7 percent, from the prior quarter operating diluted earnings per share of $0.76 and an increase of $0.19 per share, or 31 percent, from the prior year third quarter operating diluted earnings per share of $0.62.
•Net interest income for the current quarter was $290 million, an increase of $13.5 million, or 5 percent, from the prior quarter net interest income of $276 million and an increase of $65 million, or 29 percent, from the prior year third quarter net interest income of $225 million.
•The loan portfolio of $21.620 billion at September 30, 2026, increased $256 million, or 5 percent annualized, from the prior quarter.
•Total deposits of $25.273 billion for the current quarter increased $619 million, or 10 percent annualized, from the prior quarter.
•Total non-interest bearing deposits of $7.702 billion for the current quarter increased $279 million, or 15 percent annualized, from the prior quarter.
•The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 4.01 percent, an increase of 11 basis points from the prior quarter net interest margin of 3.90 percent and an increase of 62 basis points from the prior year third quarter net interest margin of 3.39 percent.
1 Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.

1

•The total earning assets yield of 5.23 percent in the current quarter increased 9 basis points from the prior quarter earning assets yield of 5.14 percent and increased 37 basis points from the prior year third quarter earning assets yield of 4.86 percent.
•The core deposit cost (including non-interest bearing deposits) of 1.17 percent in the current quarter decreased 1 basis point from the prior quarter core deposit cost of 1.18 percent and decreased 6 basis points from the prior year third quarter core deposit cost of 1.23 percent.
•The total cost of funding (including non-interest bearing deposits) of 1.32 percent in the current quarter decreased 1 basis point from the prior quarter total cost of funding of 1.33 percent and decreased 26 basis points from the prior year third quarter total cost of funding of 1.58 percent.
•The Company declared a quarterly dividend of $0.35 per share, an increase of $0.02, or 6 percent, over the prior quarter. The Company has declared 166 consecutive quarterly dividends and has increased the dividend 50 times.

Year-to-Date 2026 Highlights:
•Net income for the first nine months of 2026 was $285 million, an increase of $109 million, or 62 percent, from the prior year first nine months net income of $175 million.
•Diluted earnings per share for the first nine months of 2026 was $2.18, an increase of $0.67 per share, or 44 percent, from the prior year first nine months diluted earnings per share of $1.51.
•Operating diluted earnings per share for the first nine months of 2026 was $2.26, an increase of $0.59 per share, or 35 percent, from the prior year first nine months operating diluted earnings per share of $1.67.
•Net interest income for the first nine months of 2026 was $835 million, an increase of $212 million, or 34 percent, from the prior year first nine months net interest income of $623 million.
•The loan portfolio increased $2.829 billion, or 15 percent, from the prior year third quarter.
•Total deposits increased $3.402 billion, or 16 percent, from the prior year third quarter.
•The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first nine months of 2026 was 3.90 percent, an increase of 69 basis points from the prior year first nine months net interest margin of 3.21 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 nine months of 2026, were $1.01 per share, an increase of $0.02, or 2 percent, over the prior year first nine months of $0.99 per share.


2


Financial Summary
At or for the Three Months endedAt or for the Nine Months ended
(Dollars in thousands, except per share and market data)
Sep 30,
2026		Jun 30,
2026		Mar 31,
2026		Sep 30,
2025		Sep 30,
2026		Sep 30,
2025
Performance results
Net income$104,562 97,862 82,144 67,900 284,568 175,249 
Basic earnings per share$0.80 0.75 0.63 0.57 2.19 1.51 
Diluted earnings per share$0.80 0.75 0.63 0.57 2.18 1.51 
Operating diluted earnings per share (non-GAAP) 1
$0.81 0.76 0.70 0.62 2.26 1.67 
Dividends declared per share$0.35 0.33 0.33 0.33 1.01 0.99 
Market value per share
Closing$43.20 51.58 44.67 48.67 43.20 48.67 
High$54.58 52.16 53.99 50.54 54.58 52.81 
Low$43.03 44.26 41.87 42.08 41.87 36.76 
Selected ratios and other data
Number of common stock shares outstanding
130,218,983130,202,054130,124,378118,552,847130,218,983118,552,847
Average outstanding shares - basic130,214,868130,167,496130,052,858118,552,231130,145,667116,316,754
Average outstanding shares - diluted130,433,235130,346,888130,242,765118,628,434130,324,260116,382,822
Return on average assets (annualized)1.31 %1.25 %1.05 %0.93 %1.20 %0.82 %
Return on average equity (annualized)9.53 %9.13 %7.82 %7.52 %8.84 %6.82 %
Efficiency ratio56.08 %56.65 %63.05 %62.05 %58.51 %63.12 %
Operating efficiency ratio (non-GAAP) 1
55.75 %56.21 %59.25 %58.87 %57.03 %61.83 %
Loan to deposit ratio85.69 %86.84 %85.18 %86.11 %85.69 %86.11 %
Number of full time equivalent employees
4,1114,1254,1393,6494,1113,649
Number of locations282282282248282248
Number of ATMs338339337298338298
______________________________
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., Oct 22, 2026, (GLOBE NEWSWIRE) - Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $104.6 million for the current quarter, an increase of $6.7 million, or 7 percent, from the prior quarter net income of $97.9 million and an increase of $36.7 million, or 54 percent, from the prior year third quarter net income of $67.9 million. Diluted earnings per share for the current quarter was $0.80, an increase of $0.05 per share, or 7 percent, from the prior quarter diluted earnings per share of $0.75 and an increase of $0.23 per share, or 40 percent, from the prior year third quarter diluted earnings per share of $0.57. Operating diluted earnings per share for the current quarter was $0.81, an increase of $0.05 per share, or 7 percent, from the prior quarter operating diluted earnings per share of $0.76 and an increase of $0.19 per share, or 31 percent, from the prior year third quarter operating diluted earnings per share of $0.62. The current quarter included $1.9 million of compensation from acquisition-related employment agreements and $844 thousand of gains from the sale of former branch facilities and disposal of fixed assets. “Our strong third quarter results clearly demonstrate the power of the Glacier franchise,” said Randy Chesler, President and Chief Executive Officer. “We generated record net income, expanded margin for the eleventh consecutive quarter, increased deposits and delivered solid loan growth. We are well positioned to return to our historical levels of performance as continued balance sheet repricing drives improved profitability and the Glacier franchise continues to grow.”

Net income for the first nine months of 2026 was $285 million, an increase of $110 million, or 63 percent, from the prior year first nine months net income of $175 million which was driven primarily by the increase in net
3

interest income from the improvement in the net interest margin. Diluted earnings per share for the first nine months of 2026 was $2.18, an increase of $0.67 per share, or 44 percent, from the prior year first nine months diluted earnings per share of $1.51. Operating diluted earnings per share for the first nine months of 2026 was $2.26, an increase of $0.59 per share, or 35 percent, from the prior year first nine months of 2025 operating diluted earnings per share of $1.67.

Asset Summary
$ Change from
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025
Cash and cash equivalents$1,506,781 1,056,679 1,235,261 854,244 450,102 271,520 652,537 
Debt securities, available-for-sale3,595,063 3,482,725 4,007,512 3,916,189 112,338 (412,449)(321,126)
Debt securities, held-to-maturity2,817,933 3,004,758 3,110,216 3,155,901 (186,825)(292,283)(337,968)
Total debt securities6,412,996 6,487,483 7,117,728 7,072,090 (74,487)(704,732)(659,094)
Loans receivable 1
Residential real estate2,104,815 2,111,683 2,457,907 1,926,448 (6,868)(353,092)178,367 
Commercial real estate14,432,233 14,155,059 13,565,512 12,045,446 277,174 866,721 2,386,787 
Other commercial3,613,414 3,615,240 3,497,829 3,451,177 (1,826)115,585 162,237 
Home equity1,050,852 1,054,110 977,206 980,472 (3,258)73,646 70,380 
Other consumer418,216 427,631 429,342 387,443 (9,415)(11,126)30,773 
Loans receivable21,619,530 21,363,723 20,927,796 18,790,986 255,807 691,734 2,828,544 
Allowance for credit losses
(259,668)(260,025)(255,319)(229,077)357 (4,349)(30,591)
Loans receivable, net21,359,862 21,103,698 20,672,477 18,561,909 256,164 687,385 2,797,953 
Other assets3,011,165 2,951,141 2,952,597 2,527,384 60,024 58,568 483,781 
Total assets$32,290,804 31,599,001 31,978,063 29,015,627 691,803 312,741 3,275,177 
______________________________
1     In connection with the Guaranty core system conversion, Guaranty loans were reclassified in the first 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 $6.413 billion at September 30, 2026, decreased $74.5 million, or 1 percent, during the current quarter and decreased $659 million, or 9 percent, from the prior year third quarter. The Company selectively purchased debt securities during the current quarter with the Company’s excess liquidity position. Debt securities represented 20 percent of total assets at September 30, 2026, compared to 21 percent at June 30, 2026, and 24 percent at September 30, 2025.

The loan portfolio of $21.620 billion at September 30, 2026, increased $256 million, or 5 percent annualized, from the prior quarter. The loan portfolio increased $2.829 billion, or 15 percent, from the prior year third quarter. Excluding the Guaranty acquisition on October 1, 2025, the loan portfolio increased $726 million, or 4 percent, from the prior year third quarter.

4

Credit Quality Summary
At or for the Nine Months endedAt or for the Six Months endedAt or for the Year endedAt or for the Nine Months ended
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 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 losses19,282 13,639 61,846 29,355 
Charge-offs(18,578)(11,562)(18,682)(11,276)
Recoveries3,645 2,629 5,960 4,922 
Balance at end of period$259,668 260,025 255,319 229,077 
Provision for credit losses
Loan portfolio$19,282 13,639 61,846 29,355 
Unfunded loan commitments(1,754)(1,220)9,554 6,382 
Total provision for credit losses$17,528 12,419 71,400 35,737 
Other real estate owned$4,882 1,219 284 1,376 
Other foreclosed assets338 322 127 37 
Accruing loans 90 days or more past due17,219 15,867 5,997 7,449 
Non-accrual loans68,202 74,441 62,487 45,450 
Total non-performing assets$90,641 91,849 68,895 54,312 
Non-performing assets as a percentage of subsidiary assets
0.28 %0.29 %0.22 %0.19 %
Allowance for credit losses as a percentage of non-performing loans
304 %288 %373 %433 %
Allowance for credit losses as a percentage of total loans
1.20 %1.22 %1.22 %1.22 %
Net charge-offs as a percentage of total loans0.07 %0.04 %0.06 %0.03 %
Accruing loans 30-89 days past due$58,149 65,483 78,826 39,524 
U.S. government guarantees included in non-performing assets$4,657 7,497 8,733 10,358 

Early stage delinquencies (accruing loans 30-89 days past due) of $58.1 million at September 30, 2026, decreased $7.3 million from the prior quarter and increased $18.6 million from the prior year third quarter. Early stage delinquencies as a percentage of loans at September 30, 2026, were 0.27 percent compared to 0.31 percent for the prior quarter and 0.21 percent for the prior year third quarter. Non-performing assets of $90.6 million at September 30, 2026, decreased $1.2 million, or 1 percent, over the prior quarter and increased $36.3 million, or 67 percent, over the prior year third quarter.

The current quarter provision for credit loss expense of $5.1 million included $5.6 million of credit loss expense on loans and $534 thousand of credit loss benefit on unfunded loan commitments. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.20 percent at September 30, 2026, compared to 1.22 percent at each of June 30, 2026, December 31, 2025, and September 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. 

5

Credit Quality Trends and Provision for Credit Losses on the Loan Portfolio
(Dollars in thousands)Provision for Credit Losses LoansNet Charge-OffsACL
as a Percent
of Loans		Accruing
Loans 30-89
Days Past Due
as a Percent of
Loans		Non-Performing
Assets to
Total Subsidiary
Assets
Third quarter 2026$5,643 $6,000 1.20 %0.27 %0.28 %
Second quarter 202610,125 5,871 1.22 %0.31 %0.29 %
First quarter 20263,514 3,062 1.22 %0.44 %0.25 %
Fourth quarter 202532,491 6,368 1.22 %0.38 %0.22 %
Third quarter 20255,192 2,914 1.22 %0.21 %0.19 %
Second quarter 202518,009 1,645 1.22 %0.29 %0.17 %
First quarter 20256,154 1,795 1.22 %0.27 %0.14 %
Fourth quarter 20246,041 5,170 1.19 %0.19 %0.10 %

Net charge-offs for the current quarter were $6.0 million compared to $5.9 million in the prior quarter and $2.9 million for the prior year third quarter. The current quarter net charge-offs included $3.5 million in deposit overdraft net charge-offs and $2.5 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)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025
Deposits
Non-interest bearing deposits$7,702,429 7,423,439 7,314,779 6,674,441 278,990 387,650 1,027,988 
NOW and DDA accounts6,139,924 6,192,363 6,236,551 5,805,816 (52,439)(96,627)334,108 
Savings accounts3,225,270 3,169,141 3,158,939 3,049,753 56,129 66,331 175,517 
Money market deposit accounts
4,458,524 4,132,820 3,948,201 3,137,810 325,704 510,323 1,320,714 
Certificate accounts3,743,285 3,732,971 3,928,550 3,199,825 10,314 (185,265)543,460 
Core deposits, total25,269,432 24,650,734 24,587,020 21,867,645 618,698 682,412 3,401,787 
Wholesale deposits3,305 3,383 4,076 3,304 (78)(771)1 
Deposits, total25,272,737 24,654,117 24,591,096 21,870,949 618,620 681,641 3,401,788 
Repurchase agreements1,954,925 1,952,501 2,084,113 2,004,286 2,424 (129,188)(49,361)
Deposits and repurchase agreements, total27,227,662 26,606,618 26,675,209 23,875,235 621,044 552,453 3,352,427 
Federal Home Loan Bank advances
— — 440,000 895,022 — (440,000)(895,022)
Other borrowed funds51,744 52,880 51,473 59,779 (1,136)271 (8,035)
Finance lease liabilities30,559 31,606 28,808 18,401 (1,047)1,751 12,158 
Subordinated debentures174,113 188,573 187,492 157,379 (14,460)(13,379)16,734 
Other liabilities466,865 406,302 381,260 401,523 60,563 85,605 65,342 
Total liabilities$27,950,943 27,285,979 27,764,242 25,407,339 664,964 186,701 2,543,604 

Total deposits of $25.273 billion at September 30, 2026, increased $619 million, or 10 percent annualized, during the current quarter and increased $3.402 billion, or 16 percent, from the prior year third quarter.
6

Excluding a temporary quarter-end deposit expected to largely exit in the fourth quarter, total deposits increased $308 million, or 5 percent annualized, from the prior quarter. Excluding the Guaranty acquisition, total deposits increased $695 million, or 3 percent, from the prior year third quarter.

Non-interest bearing deposits of $7.702 billion at September 30, 2026, increased $279 million, or 15 percent annualized, during the current quarter and increased $1.028 billion, or 15 percent, from the prior year third quarter. Excluding the impact of the temporary quarter-end deposit, non-interest bearing deposits increased $197 million, or 11 percent annualized, from the prior quarter. Non-interest bearing deposits represented 30 percent of total deposits at each of September 30, 2026, and June 30, 2026, compared to 31 percent at September 30, 2025.


Stockholders’ Equity Summary
$ Change from
(Dollars in thousands, except per share data)
Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025
Common equity$4,546,197 4,484,316 4,380,931 3,801,178 61,881 165,266 745,019 
Accumulated other comprehensive loss
(206,336)(171,294)(167,110)(192,890)(35,042)(39,226)(13,446)
Total stockholders’ equity
4,339,861 4,313,022 4,213,821 3,608,288 26,839 126,040 731,573 
Goodwill and intangibles, net
(1,469,156)(1,473,954)(1,483,552)(1,182,536)4,798 14,396 (286,620)
Tangible stockholders’ equity (non-GAAP) 1
$2,870,705 2,839,068 2,730,269 2,425,752 31,637 140,436 444,953 
Stockholders’ equity to total assets
13.44 %13.65 %13.18 %12.44 %
Tangible stockholders’ equity to total tangible assets (non-GAAP) 1
9.31 %9.42 %8.95 %8.72 %
Book value per common share
$33.33 33.13 32.42 30.44 0.20 0.91 2.89 
Tangible book value per common share (non-GAAP) 1
$22.05 21.81 21.01 20.46 0.24 1.04 1.59 
______________________________
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 $2.871 billion at September 30, 2026, increased $31.6 million, or 1 percent, compared to the prior quarter, primarily due to earnings retention. Tangible stockholders’ equity increased $445 million, or 18 percent, from the prior year third quarter, primarily due to $560 million of Company stock issued in connection with the Guaranty acquisition and earnings retention. 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 $22.05 at the current quarter end increased $0.24 per share, or 1 percent, from the prior quarter and increased $1.59 per share, or 8 percent, from the prior year third quarter.

Cash Dividends
On September 22, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.35 per share, an increase of $0.02, or 6 percent, over the prior quarter. The dividend was payable on October 15, 2026, to shareholders of record on October 6, 2026. The dividend was the Company’s 166th 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.

7

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

Income Summary
Three Months ended $ Change from
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Mar 31,
2026		Sep 30,
2025		Jun 30,
2026		Mar 31,
2026		Sep 30,
2025
Net interest income
Interest income$379,980 365,220 362,337 325,003 14,760 17,643 54,977 
Interest expense90,084 88,792 93,660 99,624 1,292 (3,576)(9,540)
Total net interest income289,896 276,428 268,677 225,379 13,468 21,219 64,517 
Non-interest income
Deposit service charges and other fees17,187 16,351 15,265 14,676 836 1,922 2,511 
Payment services12,081 12,012 11,368 10,951 69 713 1,130 
Miscellaneous loan fees and charges2,585 2,558 2,279 2,005 27 306 580 
Gain on sale of loans4,754 5,007 5,108 5,027 (253)(354)(273)
Other income3,334 5,173 4,062 2,693 (1,839)(728)641 
Total non-interest income39,941 41,101 38,082 35,352 (1,160)1,859 4,589 
Total income$329,837 317,529 306,759 260,731 12,308 23,078 69,106 
Net interest margin (tax-equivalent)
4.01 %3.90 %3.80 %3.39 %
Core net interest margin (tax-equivalent) (non-GAAP) 1
3.95 %3.86 %3.73 %3.35 %
______________________________
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 $290 million for the current quarter increased $13.5 million, or 5 percent, from the prior quarter net interest income of $276 million and increased $64.5 million, or 29 percent, from the prior year third quarter net interest income of $225 million. The current quarter interest income of $380 million increased $14.8 million, or 4 percent, over the prior quarter and increased $55.0 million, or 17 percent, over the prior year third quarter and was primarily driven by both increased loans and increased interest rates on the loan portfolio. The loan yield of 6.22 percent in the current quarter increased 10 basis points from the prior quarter loan yield of 6.12 percent and increased 25 basis points from the prior year third quarter loan yield of 5.97 percent.

The current quarter interest expense of $90.1 million increased $1.3 million, or 1 percent, from the prior quarter. Interest expense decreased $9.5 million, or 10 percent, from the prior year third quarter primarily due to a decrease in interest rates on deposits and a decrease in high cost borrowings. Core deposit cost (including non-interest bearing deposits) decreased to 1.17 percent in the current quarter compared to 1.18 percent in the prior quarter and 1.23 percent in the prior year third quarter. The total funding cost (including non-interest bearing deposits) decreased to 1.32 percent in the current quarter compared to 1.33 percent in the prior quarter and 1.58 percent in the prior year third quarter.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 4.01 percent, an increase of 11 basis points from the prior quarter net interest margin of 3.90 percent and was primarily driven by an increase in earning asset yields and a decrease in deposit costs. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter increased 62 basis points from the prior year third quarter net interest margin of 3.39 percent and was primarily driven by the increase in
8

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 3.95 percent in the current quarter compared to 3.86 percent in the prior quarter and 3.35 percent in the prior year third quarter. “The increase in both the net interest income and net interest margin during the current quarter reflects the continued increase in earning assets at higher yields combined with the increase in core deposits at lower costs (including non-interest bearing deposits),” said Ron Copher, Chief Financial Officer. “Over the last eleven consecutive quarters, net interest income has increased from $166 million to $290 million, or 75 percent, with the net interest margin increasing from 2.56 percent to 4.01 percent, or 57 percent.”

Non-interest Income
Non-interest income for the current quarter totaled $39.9 million, which was a decrease of $1.2 million, or 3 percent, over the prior quarter. Non-interest income increased $4.6 million, or 13 percent, over the prior year third quarter. Deposit service charges and other fees of $17.2 million for the current quarter increased $836 thousand, or 5 percent, compared to the prior quarter and increased $2.5 million, or 17 percent, from the prior year third quarter. Payment services of $12.1 million for the current quarter increased $69 thousand, or 1 percent, from the prior quarter and increased $1.1 million, or 10 percent, over the prior year third quarter.

Non-interest Expense Summary
Three Months ended $ Change from
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Mar 31,
2026		Sep 30,
2025		Jun 30,
2026		Mar 31,
2026		Sep 30,
2025
Compensation and employee benefits$120,661 116,299 115,770 96,498 4,362 4,891 24,163 
Occupancy and equipment16,072 15,661 15,682 13,236 411 390 2,836 
Advertising and promotions5,085 5,092 5,256 4,620 (7)(171)465 
Data processing12,240 12,380 13,273 10,634 (140)(1,033)1,606 
Other real estate owned and foreclosed assets98 83 206 63 15 (108)35 
Regulatory assessments and insurance5,054 5,506 6,403 5,799 (452)(1,349)(745)
Intangibles amortization4,798 4,799 4,799 3,813 (1)(1)985 
Other expenses27,876 26,880 39,140 33,120 996 (11,264)(5,244)
Total non-interest expense$191,884 186,700 200,529 167,783 5,184 (8,645)24,101 

Total non-interest expense of $192 million for the current quarter increased $5.2 million, or 3 percent, over the prior quarter. Total non-interest expense increased $24.1 million, or 14 percent, over the prior year third quarter and was primarily driven by increased costs from the acquired banks.

Compensation and employee benefits of $121 million for the current quarter increased by $4.4 million, or 4 percent, over the prior quarter, primarily due to increased performance-based compensation. Compensation and employee benefits increased $24.2 million, or 25 percent, from the prior year third quarter and was primarily driven by annual salary increases and increases in staffing levels from the acquired banks. Other expenses of $27.9 million decreased $5.2 million, or 16 percent, from the prior year third quarter and was primarily driven by $6.9 million of decreased acquisition-related expenses.

Acquisition-related expense was $92 thousand in the current quarter compared to $1.6 million in the prior quarter and $7.0 million in the prior year third quarter. In addition, compensation and employee benefits included $1.9 million of expense attributable to acquisition-related employment agreements in the current quarter compared to $2.5 million in the prior quarter and $641 thousand in the prior year third quarter.
9

Federal and State Income Tax Expense
Tax expense during the third quarter of 2026 was $28.3 million, an increase of $1.7 million, or 6 percent, compared to the prior quarter and an increase of $10.9 million, or 63 percent, from the prior year third quarter. The effective tax rate in the current quarter was 21.3 percent, compared to 21.4 percent in the prior quarter and 20.4 percent in the prior year third quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior year third quarter was primarily due to an increase in pre-tax income.

Efficiency Ratio
The efficiency ratio was 56.08 percent in the current quarter compared to 56.65 percent in the prior quarter and 62.05 percent in the prior year third quarter. The decrease from the prior quarter and prior year third quarter was primarily driven by an increase in net interest income which outpaced the increase in non-interest expense.

Operating Results for Nine Months. Ended September 30, 2026
Compared to September 30, 2025

Income Summary
Nine Months ended
(Dollars in thousands)Sep 30,
2026		Sep 30,
2025		$ Change% Change
Net interest income
Interest income$1,107,537 $923,043 $184,494 20 %
Interest expense272,536 300,069 (27,533)(9)%
Total net interest income835,001 622,974 212,027 34 %
Non-interest income
Deposit service charges and other fees48,803 41,801 7,002 17 %
Payment Services35,461 30,736 4,725 15 %
Miscellaneous loan fees and charges7,422 5,586 1,836 33 %
Gain on sale of loans14,869 13,611 1,258 9 %
Other income12,569 9,204 3,365 37 %
Total non-interest income119,124 100,938 18,186 18 %
Total Income$954,125 $723,912 $230,213 32 %
Net interest margin (tax-equivalent)3.90 %3.21 %
Core net interest margin (tax-equivalent) (non-GAAP) 1
3.85 %3.17 %
______________________________
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 $835 million for the first nine months of 2026 increased $212 million, or 34 percent, from the first nine months of the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $1.108 billion for the first nine months of 2026 increased $184 million, or 20 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 6.17 percent during the first nine months of 2026, an increase of 30 basis points from the prior year first nine months loan yield of 5.87 percent.

Interest expense of $273 million for the first nine months of 2026 decreased $27.5 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 1.18 percent for the first nine months of 2026, which was a decrease of 6 basis points over the first nine months of the prior year
10

core deposit cost of 1.24 percent. The total funding cost (including non-interest bearing deposits) for the first nine months of 2026 was 1.35 percent, which was a decrease of 28 basis points over the first nine months of the prior year funding cost of 1.63 percent.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first nine months of 2026 was 3.90 percent, a 69 basis points increase from the net interest margin of 3.21 percent for the first nine months of the prior year. Core net interest margin during the first nine months of 2026 was 3.85 percent compared to 3.17 percent in the prior year first nine months. The increase in net interest margin from the prior year was primarily driven by a 30 basis points increase in loan yields and a 28 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 $119 million for the first nine months of 2026 increased $18.2 million, or 18 percent, over the first nine months of the prior year and was primarily driven by increased income from the acquired banks. Deposit service charges and other fees of $48.8 million for the first nine months of 2026 increased $7.0 million, or 17 percent, over the first nine months of the prior year. Payment services of $35.5 million for the first nine months of 2026 increased by $4.7 million, or 15 percent, over the first nine months of the prior year.

Non-interest Expense Summary
Nine Months ended
(Dollars in thousands)Sep 30,
2026		Sep 30,
2025		$ Change% Change
Compensation and employee benefits$352,730 $282,296 $70,434 25 %
Occupancy and equipment47,415 38,088 9,327 24 %
Advertising and promotions15,433 13,158 2,275 17 %
Data processing37,893 29,655 8,238 28 %
Other real estate owned and foreclosed assets387 152 235 155 %
Regulatory assessments and insurance16,963 17,180 (217)(1)%
Core deposit intangibles amortization14,396 10,707 3,689 34 %
Other expenses93,896 82,984 10,912 13 %
Total non-interest expense$579,113 $474,220 $104,893 22 %

Total non-interest expense of $579 million for the first nine months of 2026 increased $105 million, or 22 percent, over the first nine months of the prior year and was primarily driven by increased costs from the acquired banks. Compensation and employee benefits expense of $353 million in the first nine months of 2026 increased $70.4 million, or 25 percent, over the first nine months of the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Occupancy and equipment expense of $47.4 million in the first nine months of 2026 increased $9.3 million, or 24 percent, over the first nine months of the prior year primarily due to increased costs from the acquired banks. Data processing expense of $37.9 million in the first nine months of 2026 increased $8.2 million, or 28 percent, over the first nine months of the prior year primarily due to increased costs from the acquired banks. Other expenses of $93.9 million for the first nine months of 2026 increased $10.9 million, or 13 percent, from the first nine months of the prior year and was primarily driven by an increase in costs from acquisitions.
11

Acquisition-related expense was $10.6 million in the first nine months of the current year compared to $10.8 million in the prior year first nine months. In addition, compensation and employee benefits included $7.1 million of expense attributable to acquisition-related employment agreements in the first nine months of the current year compared to $1.4 million in the first nine months of the prior year.

Provision for Credit Losses
The provision for credit loss expense was $17.5 million for the first nine months of 2026, a decrease of $18.2 million, or 51 percent, over the same period in the prior year. Included in the first nine months of the prior year provision for credit losses was $16.7 million from the acquisition of Bank of Idaho Holding Co. and its subsidiary, Bank of Idaho. Net charge-offs for the first nine months of 2026 were $14.9 million compared to $6.4 million in the first nine months of 2025.

Federal and State Income Tax Expense
Tax expense of $72.9 million for the first nine months of 2026 increased $34.2 million, or 88 percent, over the same period in the prior year. The effective tax rate for the first nine months of 2026 was 20.4 percent compared to 18.1 percent for the same period in the prior year. The increases in tax expense and the effective tax rate were primarily the result of an increase in the pre-tax income.

Efficiency Ratio
The efficiency ratio was 58.51 percent for the first nine months of 2026 compared to 63.12 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.

12


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;
•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;
13

•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, October 23, 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/BIf897ad06750d4ea68674bf70f03fbe10. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/xhafbtnc.

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.

14

Glacier Bancorp, Inc.
Unaudited Condensed Consolidated Statements of Financial Condition
(Dollars in thousands, except per share data)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025
Assets
Cash on hand and in banks$290,640 353,748 321,526 312,506 
Interest bearing cash deposits1,216,141 702,931 913,735 541,738 
Cash and cash equivalents1,506,781 1,056,679 1,235,261 854,244 
Debt securities, available-for-sale3,595,063 3,482,725 4,007,512 3,916,189 
Debt securities, held-to-maturity2,817,933 3,004,758 3,110,216 3,155,901 
Total debt securities6,412,996 6,487,483 7,117,728 7,072,090 
Loans held for sale, at fair value37,611 45,145 39,186 42,668 
Loans receivable21,619,530 21,363,723 20,927,796 18,790,986 
Allowance for credit losses(259,668)(260,025)(255,319)(229,077)
Loans receivable, net21,359,862 21,103,698 20,672,477 18,561,909 
Premises and equipment, net497,590 493,497 486,184 427,271 
Right-of-use assets, net73,983 76,428 75,574 54,502 
Other real estate owned and foreclosed assets5,220 1,541 411 1,413 
Accrued interest receivable131,863 120,254 120,092 120,257 
Deferred tax asset115,077 102,902 101,337 99,702 
Intangibles, net90,873 95,671 105,269 61,135 
Goodwill1,378,283 1,378,283 1,378,283 1,121,401 
Federal Home Loan Bank stock, at cost21,305 21,244 42,764 61,362 
Bank-owned life insurance237,496 235,984 235,090 191,996 
Other assets421,864 380,192 368,407 345,677 
Total assets$32,290,804 31,599,001 31,978,063 29,015,627 
Liabilities
Non-interest bearing deposits$7,702,429 7,423,439 7,314,779 6,674,441 
Interest bearing deposits17,570,308 17,230,678 17,276,317 15,196,508 
Securities sold under agreements to repurchase1,954,925 1,952,501 2,084,113 2,004,286 
FHLB advances— — 440,000 895,022 
Other borrowed funds51,744 52,880 51,473 59,779 
Finance lease liabilities30,559 31,606 28,808 18,401 
Subordinated debentures174,113 188,573 187,492 157,379 
Accrued interest payable32,871 29,542 32,786 27,733 
Operating lease liabilities50,039 51,320 52,869 41,367 
Other liabilities383,955 325,440 295,605 332,423 
Total liabilities27,950,943 27,285,979 27,764,242 25,407,339 
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 1,302 1,300 1,186 
Paid-in capital3,232,684 3,229,635 3,220,064 2,657,469 
Retained earnings - substantially restricted1,312,211 1,253,379 1,159,567 1,142,523 
Accumulated other comprehensive loss(206,336)(171,294)(167,110)(192,890)
Total stockholders’ equity4,339,861 4,313,022 4,213,821 3,608,288 
Total liabilities and stockholders’ equity$32,290,804 31,599,001 31,978,063 29,015,627 

15


Glacier Bancorp, Inc.
Unaudited Condensed Consolidated Statements of Operations

Three Months endedNine Months ended
(Dollars in thousands)September 30, 2026June 30, 2026March 31, 2026September 30, 2025September 30, 2026September 30, 2025
Interest Income
Investment securities$44,964 42,890 45,126 45,348 132,980 135,142 
Residential real estate loans29,655 30,104 33,708 26,335 93,467 75,971 
Commercial loans279,000 266,123 258,616 228,363 803,739 640,567 
Consumer and other loans26,361 26,103 24,887 24,957 77,351 71,363 
Total interest income379,980 365,220 362,337 325,003 1,107,537 923,043 
Interest Expense
Deposits72,861 71,972 72,251 67,346 217,084 195,780 
Securities sold under agreements to repurchase
13,582 13,227 13,619 14,706 40,428 42,548 
Federal Home Loan Bank advances— — 4,226 14,271 4,226 52,796 
Other borrowed funds
459 455 443 385 1,357 1,187 
Subordinated debentures3,182 3,138 3,121 2,916 9,441 7,758 
Total interest expense90,084 88,792 93,660 99,624 272,536 300,069 
Net Interest Income289,896 276,428 268,677 225,379 835,001 622,974 
Provision for credit losses5,109 6,355 6,064 7,656 17,528 35,737 
Net interest income after provision for credit losses
284,787 270,073 262,613 217,723 817,473 587,237 
Non-Interest Income
Deposit service charges and other fees17,187 16,351 15,265 14,676 48,803 41,801 
Payment services12,081 12,012 11,368 10,951 35,461 30,736 
Miscellaneous loan fees and charges2,585 2,558 2,279 2,005 7,422 5,586 
Gain on sale of loans4,754 5,007 5,108 5,027 14,869 13,611 
Gain (loss) on sale of securities— — — — — — 
Other income3,334 5,173 4,062 2,693 12,569 9,204 
Total non-interest income39,941 41,101 38,082 35,352 119,124 100,938 
Non-Interest Expense
Compensation and employee benefits120,661 116,299 115,770 96,498 352,730 282,296 
Occupancy and equipment16,072 15,661 15,682 13,236 47,415 38,088 
Advertising and promotions5,085 5,092 5,256 4,620 15,433 13,158 
Data processing12,240 12,380 13,273 10,634 37,893 29,655 
Other real estate owned and foreclosed assets98 83 206 63 387 152 
Regulatory assessments and insurance
5,054 5,506 6,403 5,799 16,963 17,180 
Intangibles amortization4,798 4,799 4,799 3,813 14,396 10,707 
Other expenses27,876 26,880 39,140 33,120 93,896 82,984 
Total non-interest expense191,884 186,700 200,529 167,783 579,113 474,220 
Income Before Income Taxes132,844 124,474 100,166 85,292 357,484 213,955 
Federal and state income tax expense28,282 26,612 18,022 17,392 72,916 38,706 
Net Income$104,562 97,862 82,144 67,900 284,568 175,249 
16


Glacier Bancorp, Inc.
Non-GAAP Financial Measures and Reconciliations
(Dollars in thousands)Sep 30, 2026Jun 30, 2026Dec 31, 2025Sep 30, 2025
Tangible Equity
Total stockholders’ equity $4,339,861 4,313,022 4,213,821 3,608,288 
Less: goodwill and intangible assets, net(1,469,156)(1,473,954)(1,483,552)(1,182,536)
Tangible stockholders' equity (non-GAAP)$2,870,705 2,839,068 2,730,269 2,425,752 
Tangible Assets
Total assets$32,290,804 31,599,001 31,978,063 29,015,627 
Less: goodwill and intangible assets, net(1,469,156)(1,473,954)(1,483,552)(1,182,536)
Tangible assets (non-GAAP)$30,821,648 30,125,047 30,494,511 27,833,091 
Tangible equity to tangible assets (non-GAAP)9.31 %9.42 %8.95 %8.72 %
Book value per share$33.33 $33.13 $32.42 $30.44 
Tangible book value per share (non-GAAP)$22.05 $21.81 $21.01 $20.46 

At or for the Three Months ended
At or for the Nine Months ended
(Dollars in thousands)Sep 30, 2026Jun 30, 2026Mar 31, 2026Sep 30, 2025Sep 30, 2026Sep 30, 2025
Core Net Interest Margin
Net interest income (tax equivalent) 1
$293,484 280,016 272,383 228,835 845,883 633,317 
Purchase accounting(4,122)(3,832)(5,140)(2,310)(13,095)(7,774)
Non-accrual loan interest reversal (recovery)130 825 (42)(104)914 100 
Core net interest income (tax equivalent) (non-GAAP)$289,492 277,009 267,201 226,421 833,702 625,643 
Average earning assets$29,069,918 28,793,343 29,078,665 26,815,927 28,980,610 26,353,065 
Net interest margin (tax equivalent)4.01 %3.90 %3.80 %3.39 %3.90 %3.21 %
Core net interest margin (tax equivalent) (non-GAAP)3.95 %3.86 %3.73 %3.35 %3.85 %3.17 %
______________________________
1 Includes tax effect of $3.6 million, $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 September 30, 2026, June 30, 2026, March 31, 2026, and September 30, 2025, respectively. Includes tax effect of $10.9 million and $10.3 million on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the nine months ended September 30, 2026, and September 30, 2025, respectively.


17

Glacier Bancorp, Inc.
Non-GAAP Financial Measures and Reconciliations (continued)
At or for the Three Months ended
At or for the Nine Months ended
(Dollars in thousands)Sep 30, 2026Jun 30, 2026Mar 31, 2026Sep 30, 2025Sep 30, 2026Sep 30, 2025
Operating Diluted Earnings Per Share
Net income$104,562 97,862 82,144 67,900 284,568 175,249 
Provision for credit losses - acquisition ACL expense— — — — — 16,693 
Operating adjustments - non-interest income
BOLI proceeds— (63)(776)(251)(839)(1,364)
Total operating adjustments - non-interest income— (63)(776)(251)(839)(1,364)
Operating adjustments - non-interest expense
Acquisition-related compensation1,874 2,462 2,775 641 7,110 1,436 
Lease terminations— — 200 — 200 — 
FDIC special assessment— — (87)— (87)(219)
(Gain) loss on fixed assets(844)(2,618)445 928 (3,017)(1,694)
Acquisition-related expense92 1,590 8,907 6,976 10,589 10,793 
Total operating adjustments - non-interest expense1,122 1,434 12,240 8,545 14,795 10,316 
Tax impact(278)(341)(3,028)(2,121)(3,647)(6,553)
Net operating adjustments844 1,030 8,436 6,173 10,309 19,092 
Operating net income (non-GAAP)$105,406 98,892 90,580 74,073 294,877 194,341 
Weighted average diluted common shares outstanding130,433,235 130,346,888 130,242,765 118,628,434 130,324,260 116,382,822 
Diluted EPS $0.80 $0.75 $0.63 $0.57 $2.18 $1.51 
Operating diluted EPS (non-GAAP)$0.81 $0.76 $0.70 $0.62 $2.26 $1.67 

18

Glacier Bancorp, Inc.
Non-GAAP Financial Measures and Reconciliations (continued)
At or for the Three Months ended
At or for the Nine Months ended
(Dollars in thousands)September 30, 2026June 30, 2026March 31, 2026September 30, 2025September 30, 2026September 30, 2025
Operating Efficiency Ratio
Non-interest expense$191,884 $186,700 $200,529 $167,783 $579,113 $474,220 
OREO expense(91)(60)(16)(65)(168)(97)
Intangible amortization(4,798)(4,799)(4,799)(3,813)(14,396)(10,707)
Total expenses186,995 181,841 195,714 163,905 564,549 463,416 
Operating expense adjustments (pre-tax)(1,122)(1,434)(12,240)(8,545)(14,795)(10,316)
Total operating non-interest expense (non-GAAP)185,873 180,407 183,474 155,360 549,754 453,100 
Net interest income (tax equivalent)293,484 280,016 272,383 228,835 845,883 633,317 
Non-interest income39,941 41,101 38,082 35,352 119,124 100,938 
OREO income(7)(110)(35)(35)(152)(35)
Total revenues333,418 321,007 310,430 264,152 964,855 734,220 
Operating revenue adjustments (pre-tax) — (63)(776)(251)(839)(1,364)
         Total revenues (non-GAAP)$333,418 320,944 309,654 263,901 964,016 732,856 
Efficiency ratio 56.08 %56.65 %63.05 %62.05 %58.51 %63.12 %
Efficiency ratio (non-GAAP)55.75 %56.21 %59.25 %58.87 %57.03 %61.83 %
19

Glacier Bancorp, Inc.
Average Balance Sheets
Three Months ended
September 30, 2026June 30, 2026
(Dollars in thousands)Average
Balance		Interest &
Dividends		Average
Yield/
Rate		Average
Balance		Interest &
Dividends		Average
Yield/
Rate
Assets
Residential real estate loans$2,118,156 $29,655 5.60 %$2,172,055 $30,104 5.54 %
Commercial loans 1
17,879,132 280,597 6.23 %17,562,322 267,705 6.11 %
Consumer and other loans1,476,570 26,361 7.08 %1,479,518 26,103 7.08 %
Total loans 2
21,473,858 336,613 6.22 %21,213,895 323,912 6.12 %
Tax-exempt debt securities 3
1,604,570 14,127 3.52 %1,624,487 14,246 3.51 %
Taxable debt securities 4, 5
5,991,490 32,828 2.19 %5,954,961 30,650 2.06 %
Total earning assets29,069,918 383,568 5.23 %28,793,343 368,808 5.14 %
Goodwill and intangibles1,471,485 1,476,292 
Non-earning assets1,229,424 1,201,401 
Total assets$31,770,827 $31,471,036 
Liabilities
Non-interest bearing deposits$7,535,227 $— — %$7,298,710 $— — %
NOW and DDA accounts6,135,597 16,128 1.04 %6,206,979 16,103 1.04 %
Savings accounts3,198,811 5,768 0.72 %3,170,155 5,451 0.69 %
Money market deposit accounts4,150,413 21,397 2.05 %4,052,361 20,154 1.99 %
Certificate accounts3,720,634 29,537 3.15 %3,807,368 30,233 3.18 %
Total core deposits24,740,682 72,830 1.17 %24,535,573 71,941 1.18 %
Wholesale deposits 6
3,224 31 3.81 %3,337 31 3.77 %
Repurchase agreements2,002,455 13,582 2.69 %1,995,035 13,227 2.66 %
FHLB advances— — — %55 — 3.87 %
Subordinated debentures and other borrowed funds272,160 3,641 5.31 %271,589 3,593 5.31 %
Total funding liabilities27,018,521 90,084 1.32 %26,805,589 88,792 1.33 %
Other liabilities399,951 364,792 
Total liabilities27,418,472 27,170,381 
Stockholders’ Equity
Stockholders’ equity4,352,355 4,300,655 
Total liabilities and stockholders’ equity$31,770,827 $31,471,036 
Net interest income (tax-equivalent)$293,484 $280,016 
Net interest spread (tax-equivalent)3.91 %3.81 %
Net interest margin (tax-equivalent)4.01 %3.90 %
______________________________
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 September 30, 2026, and June 30, 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 $1.9 million on tax-exempt debt securities income for the three months ended September 30, 2026, and June 30, 2026, respectively.
4     Includes interest income of $7.2 million and $7.0 million on average interest-bearing cash balances of $765.3 million and $772.3 million for the three months ended September 30, 2026, and June 30, 2026, respectively.
5 Includes tax effect of $69 thousand and $68 thousand on federal income tax credits for the three months ended September 30, 2026, and June 30, 2026, respectively.
6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.





20

Glacier Bancorp, Inc.
Average Balance Sheets (continued)
Three Months ended
September 30, 2026September 30, 2025
(Dollars in thousands)Average
Balance		Interest &
Dividends		Average
Yield/
Rate		Average
Balance		Interest &
Dividends		Average
Yield/
Rate
Assets
Residential real estate loans$2,118,156 $29,655 5.60 %$1,962,831 $26,335 5.37 %
Commercial loans 1
17,879,132 280,597 6.23 %15,351,367 229,915 5.94 %
Consumer and other loans1,476,570 26,361 7.08 %1,363,996 24,957 7.26 %
Total loans 2
21,473,858 336,613 6.22 %18,678,194 281,207 5.97 %
Tax-exempt debt securities 3
1,604,570 14,127 3.52 %1,583,554 14,068 3.55 %
Taxable debt securities 4, 5
5,991,490 32,828 2.19 %6,554,179 33,185 2.03 %
Total earning assets29,069,918 383,568 5.23 %26,815,927 328,460 4.86 %
Goodwill and intangibles1,471,485 1,184,370 
Non-earning assets1,229,424 987,070 
Total assets$31,770,827 $28,987,367 
Liabilities
Non-interest bearing deposits$7,535,227 $— — %$6,550,398 $— — %
NOW and DDA accounts6,135,597 16,128 1.04 %5,734,329 16,483 1.14 %
Savings accounts3,198,811 5,768 0.72 %2,995,538 5,843 0.77 %
Money market deposit accounts4,150,413 21,397 2.05 %3,136,019 16,783 2.12 %
Certificate accounts3,720,634 29,537 3.15 %3,217,199 28,195 3.48 %
Total core deposits24,740,682 72,830 1.17 %21,633,483 67,304 1.23 %
Wholesale deposits 6
3,224 31 3.81 %3,649 42 4.48 %
Repurchase agreements2,002,455 13,582 2.69 %1,986,620 14,706 2.94 %
FHLB advances— — — %1,192,493 14,271 4.68 %
Subordinated debentures and other borrowed funds272,160 3,641 5.31 %236,375 3,301 5.54 %
Total funding liabilities27,018,521 90,084 1.32 %25,052,620 99,624 1.58 %
Other liabilities399,951 353,452 
Total liabilities27,418,472 25,406,072 
Stockholders’ Equity
Stockholders’ equity4,352,355 3,581,295 
Total liabilities and stockholders’ equity
$31,770,827 $28,987,367 
Net interest income (tax-equivalent)$293,484 $228,836 
Net interest spread (tax-equivalent)3.91 %3.28 %
Net interest margin (tax-equivalent)4.01 %3.39 %
______________________________
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 September 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 $1.8 million on tax-exempt debt securities income for the three months ended September 30, 2026, and 2025, respectively.
4     Includes interest income of $7.2 million and $6.7 million on average interest-bearing cash balances of $765.3 million and $600.3 million for the three months ended September 30, 2026, and 2025, respectively.
5 Includes tax effect of $69 thousand and $150 thousand on federal income tax credits for the three months ended September 30, 2026, and 2025, respectively.
6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

21

Glacier Bancorp, Inc.
Average Balance Sheets (continued)
Nine Months ended
September 30, 2026September 30, 2025
(Dollars in thousands)Average
Balance		Interest &
Dividends		Average
Yield/
Rate		Average
Balance		Interest &
Dividends		Average
Yield/
Rate
Assets
Residential real estate loans$2,216,004 $93,467 5.62 %$1,929,897 $75,971 5.25 %
Commercial loans 1
17,551,741 808,589 6.16 %14,780,437 645,221 5.84 %
Consumer and other loans1,460,770 77,351 7.08 %1,334,462 71,363 7.15 %
Total loans 2
21,228,515 979,407 6.17 %18,044,796 792,555 5.87 %
Tax-exempt debt securities 3
1,625,399 42,825 3.51 %1,594,355 42,003 3.51 %
Taxable debt securities 4, 5
6,126,696 96,187 2.09 %6,713,914 98,828 1.96 %
Total earning assets28,980,610 1,118,419 5.16 %26,353,065 933,386 4.74 %
Goodwill and intangibles1,476,286 1,146,519 
Non-earning assets1,211,434 918,154 
Total assets$31,668,330 $28,417,738 
Liabilities
Non-interest bearing deposits$7,355,903 $— — %$6,267,432 $— — %
NOW and DDA accounts6,169,973 48,128 1.04 %5,645,862 47,593 1.13 %
Savings accounts3,177,733 16,719 0.70 %2,921,024 16,404 0.75 %
Money market deposit accounts4,056,148 60,629 2.00 %2,996,375 45,698 2.04 %
Certificate accounts3,807,656 91,512 3.21 %3,193,843 85,937 3.60 %
Total core deposits24,567,413 216,988 1.18 %21,024,536 195,632 1.24 %
Wholesale deposits 6
3,391 96 3.80 %4,289 148 4.58 %
Repurchase agreements2,023,595 40,428 2.67 %1,909,939 42,548 2.98 %
FHLB advances119,286 4,226 4.67 %1,475,071 52,796 4.72 %
Subordinated debentures and other borrowed funds270,417 10,798 5.34 %228,191 8,945 5.24 %
Total funding liabilities26,984,102 272,536 1.35 %24,642,026 300,069 1.63 %
Other liabilities379,197 339,599 
Total liabilities27,363,299 24,981,625 
Stockholders’ Equity
Stockholders’ equity4,305,031 3,436,113 
Total liabilities and stockholders’ equity
$31,668,330 $28,417,738 
Net interest income (tax-equivalent)$845,883 $633,317 
Net interest spread (tax-equivalent)3.81 %3.11 %
Net interest margin (tax-equivalent)3.90 %3.21 %
______________________________
1 Includes tax effect of $4.9 million and $4.7 million on tax-exempt municipal loan and lease income for the nine months ended September 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 $5.8 million and $5.2 million on tax-exempt debt securities income for the nine months ended September 30, 2026, and 2025, respectively.
4     Includes interest income of $22.4 million and $17.7 million on average interest-bearing cash balances of $810.1 million and $531.3 million for the nine months ended September 30, 2026, and 2025, respectively.
5 Includes tax effect of $205 thousand and $451 thousand on federal income tax credits for the nine months ended September 30, 2026, and 2025, respectively.
6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.
22

Glacier Bancorp, Inc.
Loan Portfolio by Regulatory Classification
Loans Receivable, by Loan Type% Change from
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025
Custom and owner occupied construction
$220,495 $240,093 $263,713 $231,238 (8)%(16)%(5)%
Pre-sold and spec construction286,778 261,642 255,542 217,413 10 %12 %32 %
Total residential construction
507,273 501,735 519,255 448,651 1 %(2)%13 %
Land development232,326 232,548 263,262 197,981 — %(12)%17 %
Consumer land or lots230,020 231,468 247,769 207,816 (1)%(7)%11 %
Unimproved land271,226 256,084 167,796 137,720 6 %62 %97 %
Developed lots for operative builders
49,278 51,831 69,786 56,180 (5)%(29)%(12)%
Commercial lots141,700 131,320 155,631 99,220 8 %(9)%43 %
Other construction1,333,807 1,254,856 1,122,350 982,743 6 %19 %36 %
Total land, lot, and other construction
2,258,357 2,158,107 2,026,594 1,681,660 5 %11 %34 %
Owner occupied3,931,551 3,928,083 3,950,726 3,570,671 — %— %10 %
Non-owner occupied5,346,391 5,195,855 4,859,173 4,333,302 3 %10 %23 %
Total commercial real estate
9,277,942 9,123,938 8,809,899 7,903,973 2 %5 %17 %
Commercial and industrial1,651,586 1,687,362 1,649,101 1,554,832 (2)%— %6 %
Agriculture1,311,884 1,313,581 1,282,861 1,189,948 — %2 %10 %
First lien2,994,354 2,996,965 3,098,023 2,579,418 — %(3)%16 %
Junior lien114,112 110,601 106,205 81,568 3 %7 %40 %
Total 1-4 family3,108,466 3,107,566 3,204,228 2,660,986 — %(3)%17 %
Multifamily residential1,102,092 1,075,562 1,019,484 969,573 2 %8 %14 %
Home equity lines of credit1,088,925 1,089,052 1,076,201 1,056,757 — %1 %3 %
Other consumer217,260 222,289 237,393 192,501 (2)%(8)%13 %
Total consumer1,306,185 1,311,341 1,313,594 1,249,258 — %(1)%5 %
States and political subdivisions955,986 950,829 964,591 994,062 1 %(1)%(4)%
Other177,370 178,847 177,375 180,711 (1)%— %(2)%
Total loans receivable, including
  loans held for sale
21,657,141 21,408,868 20,966,982 18,833,654 1 %3 %15 %
Less loans held for sale 1
(37,611)(45,145)(39,186)(42,668)(17)%(4)%(12)%
Total loans receivable$21,619,530 $21,363,723 $20,927,796 $18,790,986 1 %3 %15 %
______________________________
1 Loans held for sale are primarily first lien 1-4 family loans.

23

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)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Sep 30,
2026		Sep 30,
2026		Sep 30,
2026
Custom and owner occupied construction
$1,856 397 183 476 1,110 746 — 
Pre-sold and spec construction3,890 — 919 2,039 221 2,322 1,347 
Total residential construction
5,746 397 1,102 2,515 1,331 3,068 1,347 
Land development864 1,022 898 917 7 — 857 
Consumer land or lots814 248 79 358 781 33 — 
Developed lots for operative builders
113 113 456 456 — — 113 
Commercial lots— — 556 — — — — 
Other construction370 500 129 — — — 370 
Total land, lot and other construction
2,161 1,883 2,118 1,731 788 33 1,340 
Owner occupied8,386 5,174 3,969 5,237 3,045 4,447 894 
Non-owner occupied20,658 24,176 7,606 691 19,614 344 700 
Total commercial real estate
29,044 29,350 11,575 5,928 22,659 4,791 1,594 
Commercial and Industrial18,898 24,436 27,308 24,165 17,621 1,007 270 
Agriculture9,784 10,592 3,549 5,408 6,867 2,917 — 
First lien16,849 16,733 15,816 8,388 12,807 3,441 601 
Junior lien1,947 2,302 1,776 765 1,823 124 — 
Total 1-4 family18,796 19,035 17,592 9,153 14,630 3,565 601 
Multifamily residential13 — 395 1,039 13 — — 
Home equity lines of credit5,236 4,932 3,968 3,402 3,735 1,501 — 
Other consumer949 1,071 1,229 852 558 323 68 
Total consumer6,185 6,003 5,197 4,254 4,293 1,824 68 
Other14 153 59 119 — 14 — 
Total$90,641 91,849 68,895 54,312 68,202 17,219 5,220 

24

Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification (continued)
Accruing 30-89 Days Delinquent Loans,  by Loan Type% Change from
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025
Custom and owner occupied construction
$716 $2,277 $533 $305 (69)%34 %135 %
Pre-sold and spec construction368 4,498 1,189 — (92)%(69)%n/m
Total residential construction
1,084 6,775 1,722 305 (84)%(37)%255 %
Land development1,155 2,290 3,994 — (50)%(71)%n/m
Consumer land or lots785 1,968 1,162 564 (60)%(32)%39 %
Unimproved land410 18 — 33 2,178 %n/m1,142 %
Developed lots for operative builders
— — 2,300 5,265 n/m(100)%(100)%
Commercial lots— 180 965 — (100)%(100)%n/m
Other construction— — 4,787 — n/m(100)%n/m
Total land, lot and other construction
2,350 4,456 13,208 5,862 (47)%(82)%(60)%
Owner occupied7,650 6,038 6,103 3,809 27 %25 %101 %
Non-owner occupied2,840 18,064 15,388 7,615 (84)%(82)%(63)%
Total commercial real estate
10,490 24,102 21,491 11,424 (56)%(51)%(8)%
Commercial and industrial9,594 4,787 10,215 3,711 100 %(6)%159 %
Agriculture1,710 6,537 2,390 2,104 (74)%(28)%(19)%
First lien22,065 7,292 19,699 5,357 203 %12 %312 %
Junior lien1,536 1,279 20 — 20 %7,580 %n/m
Total 1-4 family23,601 8,571 19,719 5,357 175 %20 %341 %
Multifamily Residential— 278 150 150 (100)%(100)%(100)
Home equity lines of credit5,365 5,354 5,415 7,421 — %(1)%(28)%
Other consumer1,739 1,990 1,866 1,751 (13)%(7)%(1)%
Total consumer7,104 7,344 7,281 9,172 (3)%(2)%(23)%
States and political subdivisions30 — — — n/mn/mn/m
Other2,186 2,633 2,650 1,439 (17)%(18)%52 %
Total$58,149 $65,483 $78,826 $39,524 (11)%(26)%47 %
______________________________
n/m - not measurable


25

Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification (continued)
Net Charge-Offs (Recoveries), Year-to-Date
Period Ending, By Loan Type		Charge-OffsRecoveries
(Dollars in thousands)Sep 30,
2026		Jun 30,
2026		Dec 31,
2025		Sep 30,
2025		Sep 30,
2026		Sep 30,
2026
Land development$— — (358)(358)— — 
Consumer land or lots— — (5)(5)— — 
Developed lots for operative builders
— — (8)— — — 
Total land, lot and other construction
— — (371)(363)— — 
Owner occupied282 256 (2)(1)375 93 
Non-owner occupied484 308 2,232 (11)559 75 
Total commercial real estate766 564 2,230 (12)934 168 
Commercial and industrial4,243 2,298 2,104 655 4,508 265 
Agriculture3 — (112)(111)9 6 
First lien152 119 (182)(158)240 88 
Junior lien(26)(22)(38)(34)— 26 
Total 1-4 family126 97 (220)(192)240 114 
Multifamily residential409 409 — — 409 — 
Home equity lines of credit91 78 43 (27)135 44 
Other consumer855 504 1,600 1,151 1,206 351 
Total consumer946 582 1,643 1,124 1,341 395 
Other8,440 4,983 7,448 5,253 11,137 2,697 
Total$14,933 8,933 12,722 6,354 18,578 3,645 
















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