EX-99.1 2 gbci-09302025xex991.htm EXHIBIT-99.1

NEWS RELEASE

October 16, 2025

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

GLACIER BANCORP, INC. ANNOUNCES

RESULTS FOR THE QUARTER AND PERIOD ENDED SEPTEMBER 30, 2025

3rd Quarter 2025 Highlights:

•Net income was $67.9 million for the current quarter, an increase of $15.1 million, or 29 percent, from the prior quarter net income of $52.8 million and an increase of $16.8 million, or 33 percent, from the prior year third quarter net income of $51.1 million.

•Diluted earnings per share for the current quarter was $0.57 per share, an increase of $0.12 per share, or 27 percent, from each of the prior quarter and the prior year third quarter diluted earnings per share of $0.45 per share.

•Net interest income of $225 million for the current quarter increased $17.8 million, or 9 percent, from the prior quarter net interest income of $208 million and increased $45.1 million, or 25 percent, from the prior year third quarter net interest income of $180 million.

•The loan portfolio of $18.791 billion at September 30, 2025 increased $258 million, or 6 percent annualized, from the prior quarter.

•Total deposits of $21.871 billion at September 30, 2025 increased $242 million, or 4 percent annualized, from the prior quarter.

•Non-interest bearing deposits of $6.674 billion increased $80.7 million, or 5 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 3.39 percent, an increase of 18 basis points from the prior quarter net interest margin of 3.21 percent and an increase of 56 basis points from the prior year third quarter net interest margin of 2.83 percent.

•The loan yield of 5.97 percent in the current quarter increased 11 basis points from the prior quarter loan yield of 5.86 percent and increased 28 basis points from the prior year third quarter loan yield of 5.69 percent.

•The total earning asset yield of 4.86 percent in the current quarter increased 13 basis points from the prior quarter earning asset yield of 4.73 percent and increased 34 basis points from the prior year third quarter earning asset yield of 4.52 percent.

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•The total cost of funding (including non-interest bearing deposits) of 1.58 percent in the current quarter decreased 5 basis point from the prior quarter total cost of funding of 1.63 percent and decreased 21 basis points form the prior year third quarter total cost of funding of 1.79 percent.

•The Company declared a quarterly dividend of $0.33 per share. The Company has declared 162 consecutive quarterly dividends and has increased the dividend 49 times.

•The Company completed the core system conversion of Bank of Idaho Holding Co., the bank holding company for Bank of Idaho (collectively, “BOID”) which had total assets of $1.365 billion as of the acquisition date of April 30, 2025.

Year-to-Date 2025 Highlights

•Net income for the first nine months of 2025 was $175 million, an increase of $46.9 million, or 36 percent, from the prior year first nine months net income of $128 million.

•Diluted earnings per share for the first nine months of 2025 was $1.51 per share, an increase of 34 percent from the prior year first nine months diluted earnings per share of $1.13 per share.

•Net interest income of $623 million for the first nine months of 2025 increased $110 million, or 21 percent, from the prior year net interest income of $513 million.

•The loan portfolio increased $1.529 billion, or 9 percent, during the first nine months of 2025 and organically increased $454 million, or 3 percent, during the first nine months of 2025.

•Total deposits increased $1.324 billion, or 6 percent, during the first nine months of 2025 and organically increased $246 million, or 1 percent, during the first nine months of 2025.

•The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first nine months of 2025 was 3.21 percent, an increase of 51 basis points from the prior year first nine months net interest margin of 2.70 percent.

•Dividends declared in the first nine months of 2025 were $0.99 per share.

•On June, 24, 2025 the Company announced the signing of a definitive agreement to acquire Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”). The acquisition was completed on October 1, 2025 and expanded the Company’s southwest presence and its the first entrance into the state of Texas. Guaranty had total assets of $3.111 billion as of September 30, 2025.

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Financial Summary

			At or for the Three Months ended																								At or for the Nine Months ended
(Dollars in thousands, except per share and market data)			Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Sep 30, 2024												Sep 30, 2025						Sep 30, 2024
Operating results
Net income			$	67,900					52,781						54,568						51,055												175,249						128,390
Basic earnings per share			$	0.57					0.45						0.48						0.45												1.51						1.14
Diluted earnings per share			$	0.57					0.45						0.48						0.45												1.51						1.13
Dividends declared per share			$	0.33					0.33						0.33						0.33												0.99						0.99
Market value per share
Closing			$	48.67					43.08						44.22						45.70												48.67						45.70
High			$	50.54					44.70						52.81						47.71												52.81						47.71
Low			$	42.08					36.76						43.18						35.57												36.76						34.35
Selected ratios and other data
Number of common stock shares outstanding			118,552,847						118,550,475						113,517,944						113,394,786												118,552,847						113,394,786
Average outstanding shares - basic			118,552,231						116,890,776						113,451,199						113,394,758												116,316,754						113,093,583
Average outstanding shares - diluted			118,628,434						116,918,290						113,546,365						113,473,107												116,382,822						113,137,861
Return on average assets (annualized)			0.93		%				0.74		%				0.80		%				0.73		%										0.82		%				0.62		%
Return on average equity (annualized)			7.52		%				6.13		%				6.77		%				6.34		%										6.82		%				5.47		%
Efficiency ratio			62.05		%				62.08		%				65.49		%				64.92		%										63.12		%				68.98		%
Loan to deposit ratio			86.11		%				85.91		%				83.64		%				83.16		%										86.11		%				83.16		%
Number of full time equivalent employees			3,649						3,665						3,457						3,434												3,649						3,434
Number of locations			248						247						227						232												248						232
Number of ATMs			298						300						286						279												298						279

KALISPELL, Mont., Oct 16, 2025 (GLOBE NEWSWIRE) - Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $67.9 million for the current quarter, an increase of $15.1 million, or 29 percent from the prior quarter net income of $52.8 million and an increase of $16.8 million, or 33 percent, from the $51.1 million of net income for the prior year third quarter. Diluted earnings per share for the current quarter was $0.57 per share, an increase of 27 percent from the prior quarter and prior year third quarter diluted earnings per share of $0.45 per share. The current quarter included $7.0 million in acquisition-related expenses. “We are pleased with the continuation of very favorable trends across the Company and the strong results we reported this quarter,” said Randy Chesler, President and Chief Executive Officer. “We closed our acquisition of Guaranty Bank in Texas on October 1 and look forward to expanding into Texas with the impressive Guaranty team leading the way.”

Net income for the first nine months of 2025 was $175 million, an increase of $46.9 million, or 36 percent, from the prior year first nine months net income of $128 million. Diluted earnings per share for the first nine months of 2025 was $1.51 per share, an increase of 34 percent from the prior year first nine months diluted earnings per share of $1.13 per share.

On April 30, 2025, the Company completed the acquisition of BOID, which had 15 branches across eastern Idaho, Boise and eastern Washington. Upon the core system conversion in the third quarter of 2025, the BOID operations joined three existing Glacier Bank divisions. The Eastern Idaho operations of Bank of Idaho joined Citizens Community Bank, the Boise operations joined Mountain West Bank and the Eastern Washington

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operations joined Wheatland Bank. The Company’s results of operations and financial condition include the BOID acquisition beginning on the acquisition date.

The following table discloses the preliminary fair value estimates of select classifications of assets and liabilities acquired:

			BOID
(Dollars in thousands)			April 30, 2025
Total assets			$	1,364,640
Cash and cash equivalents			26,127
Debt securities			139,974
Loans receivable			1,075,232
Non-interest bearing deposits			271,385
Interest bearing deposits			806,992
Borrowings and subordinated debt			71,932
Core deposit intangible			19,758
Goodwill			70,083

Asset Summary

																											$ Change from
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Cash and cash equivalents			$	854,244					915,507						848,408						987,833						(61,263)						5,836						(133,589)
Debt securities, available-for-sale			3,916,189						4,024,980						4,245,205						4,436,578						(108,791)						(329,016)						(520,389)
Debt securities, held-to-maturity			3,155,901						3,206,133						3,294,847						3,348,698						(50,232)						(138,946)						(192,797)
Total debt securities			7,072,090						7,231,113						7,540,052						7,785,276						(159,023)						(467,962)						(713,186)
Loans receivable
Residential real estate			1,926,448						1,931,554						1,858,929						1,837,697						(5,106)						67,519						88,751
Commercial real estate			12,045,446						11,935,109						10,963,713						10,833,841						110,337						1,081,733						1,211,605
Other commercial			3,451,177						3,303,889						3,119,535						3,177,051						147,288						331,642						274,126
Home equity			980,472						975,429						930,994						931,440						5,043						49,478						49,032
Other consumer			387,443						386,759						388,678						401,158						684						(1,235)						(13,715)
Loans receivable			18,790,986						18,532,740						17,261,849						17,181,187						258,246						1,529,137						1,609,799
Allowance for credit losses			(229,077)						(226,799)						(206,041)						(205,170)						(2,278)						(23,036)						(23,907)
Loans receivable, net			18,561,909						18,305,941						17,055,808						16,976,017						255,968						1,506,101						1,585,892
Other assets			2,527,384						2,552,422						2,458,719						2,456,643						(25,038)						68,665						70,741
Total assets			$	29,015,627					29,004,983						27,902,987						28,205,769						10,644						1,112,640						809,858

The Company continues to maintain a strong cash position of $854 million at September 30, 2025 which was a decrease of $61 million over the prior quarter and a decrease of $134 million over the prior year third quarter. Total debt securities of $7.072 billion at September 30, 2025 decreased $159 million, or 2 percent, during the current quarter and decreased $713 million, or 9 percent, from the prior year third quarter. Debt securities represented 24 percent of total assets at September 30, 2025 compared to 25 percent at June 30, 2025 and 28 percent at September 30, 2024.

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The loan portfolio of $18.791 billion at September 30, 2025 increased $258 million, or 6 percent annualized, during the current quarter. The loan category with the largest dollar increase during the current quarter was other commercial loans which increased $147 million, or 4 percent over the prior quarter. Excluding the BOID acquisition, the loan portfolio organically increased $535 million, or 3 percent, since the prior year third quarter. Excluding the acquisition, the loan category with the largest dollar increase in the last twelve months was commercial real estate which increased $481 million, or 4 percent.

Credit Quality Summary

			At or for the Nine Months ended						At or for the Six Months ended						At or for the Year ended						At or for the Nine Months ended
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Allowance for credit losses
Balance at beginning of period			$	206,041					206,041						192,757						192,757
Acquisitions			35						35						3						3
Provision for credit losses			29,355						24,163						27,179						21,138
Charge-offs			(11,276)						(7,236)						(18,626)						(12,406)
Recoveries			4,922						3,796						4,728						3,678
Balance at end of period			$	229,077					226,799						206,041						205,170
Provision for credit losses
Loan portfolio			$	29,355					24,163						27,179						21,138
Unfunded loan commitments			6,382						3,918						1,127						(1,366)
Total provision for credit losses			$	35,737					28,081						28,306						19,772
Other real estate owned			$	1,376					1,737						1,085						432
Other foreclosed assets			37						142						79						201
Accruing loans 90 days or more past due			7,449						11,371						6,177						11,551
Non-accrual loans			45,450						35,356						20,445						15,937
Total non-performing assets			$	54,312					48,606						27,786						28,121
Non-performing assets as a percentage of subsidiary assets			0.19		%				0.17		%				0.10		%				0.10		%
Allowance for credit losses as a percentage of non-performing loans			433		%				485		%				774		%				730		%
Allowance for credit losses as a percentage of total loans			1.22		%				1.22		%				1.19		%				1.19		%
Net charge-offs as a percentage of total loans			0.03		%				0.02		%				0.08		%				0.05		%
Accruing loans 30-89 days past due			$	39,524					54,403						32,228						56,213
U.S. government guarantees included in non-performing assets			$	12,262					2,651						748						1,802

Non-performing assets as a percentage of subsidiary assets at September 30, 2025 was 0.19 percent compared to 0.17 percent in the prior quarter and 0.10 percent in the prior year third quarter. Non-performing assets of $54.3 million at September 30, 2025 increased $5.7 million, or 12 percent, over the prior quarter and increased $26.2 million, or 93 percent, over the prior year third quarter.

Early stage delinquencies (accruing loans 30-89 days past due) as a percentage of loans at September 30, 2025 were 0.21 percent compared to 0.29 percent for the prior quarter end and 0.33 percent for the prior year third quarter. Early stage delinquencies of $39.5 million at September 30, 2025 decreased $14.9 million from the prior quarter and decreased $16.7 million from the prior year third quarter.

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The current quarter provision for credit loss expense of $7.7 million included $5.2 million of credit loss expense on loans and $2.5 million of credit loss expense on unfunded loan commitments from the acquisition. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at September 30, 2025 and June 30, 2025 compared to 1.19 percent at September 30, 2024. Loan portfolio growth, composition, average loan size, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the ACL on loans. 

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
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		%
Second quarter 2024			5,066						2,890						1.19		%				0.29		%				0.06		%
First quarter 2024			9,091						3,072						1.19		%				0.37		%				0.09		%
Fourth quarter 2023			4,181						3,695						1.19		%				0.31		%				0.09		%

Net charge-offs for the current quarter were $2.9 million compared to $1.6 million in the prior quarter and $2.8 million for the prior year third quarter. The current quarter net charge-offs included $1.8 million in deposit overdraft net charge-offs and $1.1 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 exhibits at the end of this press release. The regulatory classification of loans is based primarily on collateral type while the Company’s loan segments presented herein are based on the purpose of the loan.

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Liability Summary

																											$ Change from
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Deposits
Non-interest bearing deposits			$	6,674,441					6,593,728						6,136,709						6,407,728						80,713						537,732						266,713
NOW and DDA accounts			5,805,816						5,747,388						5,543,512						5,363,476						58,428						262,304						442,340
Savings accounts			3,049,753						2,956,387						2,845,124						2,801,077						93,366						204,629						248,676
Money market deposit accounts			3,137,810						3,089,115						2,878,213						2,854,540						48,695						259,597						283,270
Certificate accounts			3,199,825						3,238,576						3,139,821						3,284,609						(38,751)						60,004						(84,784)
Core deposits, total			21,867,645						21,625,194						20,543,379						20,711,430						242,451						1,324,266						1,156,215
Wholesale deposits			3,304						3,308						3,615						3,334						(4)						(311)						(30)
Deposits, total			21,870,949						21,628,502						20,546,994						20,714,764						242,447						1,323,955						1,156,185
Repurchase agreements			2,004,286						1,976,228						1,777,475						1,831,501						28,058						226,811						172,785
Deposits and repurchase agreements, total			23,875,235						23,604,730						22,324,469						22,546,265						270,505						1,550,766						1,328,970
Federal Home Loan Bank advances			895,022						1,255,088						1,800,000						1,800,000						(360,066)						(904,978)						(904,978)
Other borrowed funds			78,180						81,771						83,341						84,168						(3,591)						(5,161)						(5,988)
Subordinated debentures			157,379						157,127						133,105						133,065						252						24,274						24,314
Other liabilities			401,523						374,003						338,218						397,221						27,520						63,305						4,302
Total liabilities			$	25,407,339					25,472,719						24,679,133						24,960,719						(65,380)						728,206						446,620

Total deposits of $21.871 billion at September 30, 2025 increased $242 million, or 4 percent annualized, during the current quarter and non-interest bearing deposits of $6.674 billion increased $80.7 million, or 5 percent annualized, from the prior quarter. Total deposits at September 30, 2025 increased $1.324 billion, or 6 percent, from the prior year end and organically increased $246 million, or 1 percent, from the prior year end. Non-interest bearing deposits at September 30, 2025 increased $538 million, or 9 percent, from the prior year end and organically increased $266 million, or 4 percent, from the prior year end. Non-interest bearing deposits represented 31 percent of total deposits at September 30, 2025 compared to 30 percent at December 31, 2024 and 31 percent at September 30, 2024.

Federal Home Loan Bank (“FHLB”) advances of $895 million decreased $360 million, or 29 percent, from the prior quarter and decreased $905 million, or 50 percent, from the prior year third quarter. Subordinated debentures of $157 million increased $24.0 million, or 18 percent, from the prior year end as a result of the acquisition of BOID.

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Stockholders’ Equity Summary

																											$ Change from
(Dollars in thousands, except per share data)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Common equity			$	3,801,178					3,770,919						3,533,150						3,507,356						30,259						268,028						293,822
Accumulated other comprehensive loss			(192,890)						(238,655)						(309,296)						(262,306)						45,765						116,406						69,416
Total stockholders’ equity			3,608,288						3,532,264						3,223,854						3,245,050						76,024						384,434						363,238
Goodwill and intangibles, net			(1,182,536)						(1,186,350)						(1,102,500)						(1,106,336)						3,814						(80,036)						(76,200)
Tangible stockholders’ equity			$	2,425,752					2,345,914						2,121,354						2,138,714						79,838						304,398						287,038

Stockholders’ equity to total assets			12.44		%				12.18		%				11.55		%				11.50		%
Tangible stockholders’ equity to total tangible assets			8.72		%				8.43		%				7.92		%				7.89		%
Book value per common share			$	30.44					29.80						28.43						28.62						0.64						2.01						1.82
Tangible book value per common share			$	20.46					19.79						18.71						18.86						0.67						1.75						1.60

Tangible stockholders’ equity of $2.426 billion at September 30, 2025 increased $79.8 million, or 3 percent, compared to the prior quarter and was primarily due to a decrease in other comprehensive loss and earnings retention. Tangible stockholders’ equity at September 30, 2025 increased $304 million, or 14 percent, compared to the prior year end and was primarily due to $205 million of Company stock issued in connection with the acquisition of BOID and a $116 million decrease in other comprehensive loss. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the BOID acquisition. Tangible book value per common share of $20.46 at the current quarter end increased $0.67 per share, or 3 percent, from the prior quarter and increased $1.60 per share, or 8 percent, from the prior year third quarter.

Cash Dividends

On September 22, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable October 16, 2025 to shareholders of record on October 7, 2025. The dividend was the Company’s 162nd consecutive regular dividend. Future cash dividends will depend on a variety of factors, including net income, capital, asset quality, general economic conditions and regulatory considerations.

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Operating Results for Three Months Ended September 30, 2025 

Compared to June 30, 2025, March 31, 2025, and September 30, 2024

Income Summary

			Three Months ended																								$ Change from
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Sep 30, 2024												Jun 30, 2025						Mar 31, 2025						Sep 30, 2024
Net interest income
Interest income			$	325,003					308,115						289,925						289,578												16,888						35,078						35,425
Interest expense			99,624						100,499						99,946						109,347												(875)						(322)						(9,723)
Total net interest income			225,379						207,616						189,979						180,231												17,763						35,400						45,148
Non-interest income
Service charges and other fees			21,460						20,405						18,818						20,587												1,055						2,642						873
Miscellaneous loan fees and charges			5,123						5,067						4,664						4,970												56						459						153
Gain on sale of loans			5,027						4,273						4,311						4,898												754						716						129
Gain on sale of securities			—						—						—						26												—						—						(26)
Other income			3,742						3,199						4,849						4,223												543						(1,107)						(481)
Total non-interest income			35,352						32,944						32,642						34,704												2,408						2,710						648
Total income			$	260,731					240,560						222,621						214,935												20,171						38,110						45,796
Net interest margin (tax-equivalent)			3.39		%				3.21		%				3.04		%				2.83		%

Net Interest Income

Net interest income of $225 million for the current quarter increased $17.8 million, or 9 percent, from the prior quarter net interest income of $208 million and increased $45.1 million, or 25 percent, from the prior year third quarter net interest income of $180 million. The current quarter interest income of $325 million increased $16.9 million, or 5 percent, over the prior quarter and increased $35.4 million, or 12 percent, over the prior year third quarter, both increases primarily due to the increase in the loan yields and the increase in average balances of the loan portfolio. The loan yield of 5.97 percent in the current quarter increased 11 basis points from the prior quarter loan yield of 5.86 percent and increased 28 basis points from the prior year third quarter loan yield of 5.69 percent.

The current quarter interest expense of $100 million decreased $875 thousand or 87 basis points, from the prior quarter and was primarily attributable to a decrease in average borrowings. The current quarter interest expense decreased $9.7 million, or 9 percent, from the prior year third quarter and was primarily the result of lower average wholesale borrowings and a decrease in deposit costs. Deposit cost (including non-interest bearing deposits) decreased to 1.23 percent in the current quarter compared to 1.25 percent in the prior quarter and 1.37 percent in the prior year third quarter. The total cost of funding (including non-interest bearing deposits) of 1.58 percent in the current quarter decreased 5 basis points from the prior quarter and decreased 21 basis points from 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 3.39 percent, an increase of 18 basis points from the prior quarter net interest margin of 3.21 percent and was primarily driven by an increase in loan yields and a decrease in total cost of funding. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was an increase of 56 basis points from the prior year third quarter net interest margin of 2.83 percent and was also primarily driven by the increase in loan yields and the decrease in total cost of funding. Core net interest margin excludes the impact from discount accretion and non-accrual interest. Excluding the 4 basis points from discount accretion, the core net interest margin was 3.35 percent in the current quarter compared to 3.18 percent in the prior quarter and

9

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2.79 percent in the prior year third quarter. “The continued remix of lower yield securities cash flow into higher yield loans combined with the continued reduction in the cost of deposits and wholesale funding were a primary driver of the 18 basis points increase in the net interest margin for the current quarter,” said Ron Copher, Chief Financial Officer.

Non-interest Income

Non-interest income for the current quarter totaled $35.4 million, which was an increase of $2.4 million, or 7 percent, over the prior quarter and an increase of $648 thousand, or 2 percent, over the prior year third quarter. Service charges and other fees of $21.5 million for the current quarter increased $1.1 million, or 5 percent, compared to the prior quarter and increased $873 thousand, or 4 percent, compared to the prior year third quarter. Gain on the sale of residential loans of $5.0 million for the current quarter increased $754 thousand, or 18 percent, compared to the prior quarter and increased $129 thousand, or 3 percent, from the prior year third quarter.

Non-interest Expense Summary

			Three Months ended																								$ Change from
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Sep 30, 2024												Jun 30, 2025						Mar 31, 2025						Sep 30, 2024
Compensation and employee benefits			$	96,498					94,355						91,443						85,083												2,143						5,055						11,415
Occupancy and equipment			13,236						12,558						12,294						11,989												678						942						1,247
Advertising and promotions			4,620						4,394						4,144						4,062												226						476						558
Data processing			10,634						9,883						9,138						9,196												751						1,496						1,438
Other real estate owned and foreclosed assets			63						26						63						13												37						—						50
Regulatory assessments and insurance			5,799						5,847						5,534						5,150												(48)						265						649
Intangibles amortization			3,813						3,624						3,270						3,367												189						543						446
Other expenses			33,120						24,432						25,432						25,848												8,688						7,688						7,272
Total non-interest expense			$	167,783					155,119						151,318						144,708												12,664						16,465						23,075

Total non-interest expense of $168 million for the current quarter increased $12.7 million, or 8 percent, over the prior quarter and increased $23.1 million, or 16 percent, over the prior year third quarter and was primarily from increased costs from the acquisitions. Compensation and employee benefits of $96.5 million increased by $2.1 million, or 2 percent, over the prior quarter. Compensation and employee benefits increased $11.4 million, or 13 percent, from the prior year third quarter and was primarily driven by annual salary increases and increases in staffing levels from the current year acquisition.

Other expenses of $33.1 million increased $8.7 million, or 36 percent, from the prior quarter and increased $7.3 million, or 28 percent, from the prior year third quarter, both increases primarily attributable to current quarter acquisition related-expenses and prior quarter and prior year third quarter gains on sale of former branch facilities. Acquisition-related expense was $7.0 million in the current quarter compared to $3.2 million in the prior quarter and $1.9 million in the prior year third quarter. The other expenses included $1.6 million of gain from the sale of a former branch facility in the prior quarter and $619 thousand in the prior year third quarter.

Federal and State Income Tax Expense

Tax expense during the third quarter of 2025 was $17.4 million, an increase of $5.0 million, or 40 percent, compared to the prior quarter and an increase of $6.2 million, or 56 percent, from the prior year third quarter. The effective tax rate in the current quarter was 20.4 percent compared to 19.0 percent in the prior quarter and 17.9 percent in the prior year third quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter was primarily the result of an increase in income before income tax expense in the current quarter.

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Efficiency Ratio

The efficiency ratio was 62.05 percent in the current quarter compared to 62.08 percent in the prior quarter and 64.92 percent in the prior year third quarter. The decrease from the prior quarter and the prior year third quarter was principally driven by the increase in net interest income which outpaced the increase in non-interest expense.

Operating Results for Nine Months Ended September 30, 2025

Compared to September 30, 2024

Income Summary

			Nine Months ended
(Dollars in thousands)			Sep 30, 2025						Sep 30, 2024						$ Change						% Change
Net interest income
Interest income			$	923,043					$	842,814					$	80,229					10		%
Interest expense			300,069						329,625						(29,556)						(9)		%
Total net interest income			622,974						513,189						109,785						21		%
Non-interest income
Service charges and other fees			60,683						58,572						2,111						4		%
Miscellaneous loan fees and charges			14,854						14,153						701						5		%
Gain on sale of loans			13,611						12,929						682						5		%
Gain on sale of securities			—						30						(30)						(100)		%
Other income			11,790						11,213						577						5		%
Total non-interest income			100,938						96,897						4,041						4		%
Total Income			$	723,912					$	610,086					$	113,826					19		%
Net interest margin (tax-equivalent)			3.21		%				2.70		%

Net Interest Income

Net interest income of $623 million for the first nine months of 2025 increased $110 million, or 21 percent, from the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $923 million for the first nine months of 2025 increased $80.2 million, or 10 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 5.87 percent during the first nine months of 2025, an increase of 29 basis points from the prior year first nine months loan yield of 5.58 percent.

Interest expense of $300 million for the first nine months of 2025 decreased $30 million, or 9 percent, from the same period in the prior year and was primarily the result of lower interest rates on deposits and a decreases in higher cost borrowings. Deposit cost (including non-interest bearing deposits) was 1.24 percent for the first nine months of 2025, which was a decrease of 12 basis points from the first nine months of the prior year deposit costs of 1.36 percent. The total funding cost (including non-interest bearing deposits) for the first nine months of 2025 was 1.63 percent, which was a decrease of 18 basis points over the first nine months of the prior year funding cost of 1.81 percent.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first nine months of 2025 was 3.21 percent, a 51 basis points increase from the net interest margin of 2.70 percent for the first nine months of the prior year. Excluding the 4 basis points from discount accretion, the core net interest margin was 3.17 percent in the first nine months of the current year compared to 2.65 percent in the prior year

11

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first nine months. The increase in net interest margin from the prior year was primarily driven by increased loan yields and decreased 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 $101 million for the first nine months of 2025 increased $4.0 million, or 4 percent, over the same period last year. Service charges and other fees of $60.7 million for the first nine months of 2025 increased $2.1 million, or 4 percent, over the first nine months of the prior year. Gain on sale of residential loans of $13.6 million for the first nine months of 2025 increased by $682 thousand, or 5 percent, over the first nine months of the prior year. Other income of $11.8 million for the first nine months of 2025 increased $577 thousand over the prior year first nine months.

Non-interest Expense Summary

			Nine Months ended
(Dollars in thousands)			Sep 30, 2025						Sep 30, 2024						$ Change						% Change
Compensation and employee benefits			$	282,296					$	255,306					$	26,990					11		%
Occupancy and equipment			38,088						35,466						2,622						7		%
Advertising and promotions			13,158						12,407						751						6		%
Data processing			29,655						27,742						1,913						7		%
Other real estate owned and foreclosed assets			152						187						(35)						(19)		%
Regulatory assessments and insurance			17,180						18,304						(1,124)						(6)		%
Core deposit intangibles amortization			10,707						9,144						1,563						17		%
Other expenses			82,984						78,947						4,037						5		%
Total non-interest expense			$	474,220					$	437,503					$	36,717					8		%

Total non-interest expense of $474 million for the first nine months of of 2025 increased $36.7 million, or 8 percent, over the same period in the prior year. Compensation and employee benefits expense of $282 million in the first nine months of 2025 increased $27.0 million, or 11 percent, over the same period in the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Regulatory assessment and insurance expense of $17.2 million for the first nine months of 2025 decreased $1.1 million, or 6 percent, from the prior year first nine months primarily as a result of adjustments to the FDIC special assessment. Other expenses of $83.0 million for the first nine months of 2025 increased $4.0 million, or 5 percent, from the first nine months of the prior year. Included in other expenses was $9.3 million of acquisition-related expenses in the first nine months of the current year compared to $7.8 million in the same period in the prior year.

Provision for Credit Losses

The provision for credit loss expense was $35.7 million for the first nine months of 2025, an increase of $16.0 million, or 81 percent, over the same period in the prior year. Included in the current year provision for credit losses was $16.7 million from the acquisition of BOID and included in the prior year was $9.7 million from acquisitions in the prior year. Net charge-offs for the first nine months of 2025 were $6.4 million compared to $8.7 million in the first nine months of 2024.

Federal and State Income Tax Expense

Tax expense of $38.7 million for the first nine months of 2025 increased $14.3 million, or 58 percent, over the same period in the prior year. The effective tax rate for the first nine months of 2025 was 18.1 percent

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compared to 16.0 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 63.12 percent for the first nine months of 2025 compared to 68.98 percent for the same period of 2024. 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 increased FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increased 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 current government shutdown, 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 Ukraine and the Middle East;

•risks associated with the Company’s ability to negotiate, complete, and successfully integrate pending or future 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 or further consolidation in the financial services industry, resulting in 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;

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•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, October 17, 2025. 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/BIcf9199709f3c486a8bbce1cc1984ca38. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/cmgx4jbr.

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 (Mount Pleasant, Texas), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).

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Glacier Bancorp, Inc.

Unaudited Condensed Consolidated Statements of Financial Condition

(Dollars in thousands, except per share data)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Assets
Cash on hand and in banks			$	312,506					375,398						268,746						342,105
Interest bearing cash deposits			541,738						540,109						579,662						645,728
Cash and cash equivalents			854,244						915,507						848,408						987,833
Debt securities, available-for-sale			3,916,189						4,024,980						4,245,205						4,436,578
Debt securities, held-to-maturity			3,155,901						3,206,133						3,294,847						3,348,698
Total debt securities			7,072,090						7,231,113						7,540,052						7,785,276
Loans held for sale, at fair value			42,668						47,738						33,060						46,126
Loans receivable			18,790,986						18,532,740						17,261,849						17,181,187
Allowance for credit losses			(229,077)						(226,799)						(206,041)						(205,170)
Loans receivable, net			18,561,909						18,305,941						17,055,808						16,976,017
Premises and equipment, net			427,271						426,801						411,968						408,809
Right-of-use assets, net			54,502						56,525						56,252						58,168
Other real estate owned and foreclosed assets			1,413						1,879						1,164						633
Accrued interest receivable			120,257						108,286						99,262						114,121
Deferred tax asset			99,702						114,528						138,955						125,432
Intangibles, net			61,135						64,949						51,182						52,780
Goodwill			1,121,401						1,121,401						1,051,318						1,053,556
Non-marketable equity securities			61,362						76,990						99,669						98,285
Bank-owned life insurance			191,996						191,623						189,849						188,971
Other assets			345,677						341,702						326,040						309,762
Total assets			$	29,015,627					29,004,983						27,902,987						28,205,769
Liabilities
Non-interest bearing deposits			$	6,674,441					6,593,728						6,136,709						6,407,728
Interest bearing deposits			15,196,508						15,034,774						14,410,285						14,307,036
Securities sold under agreements to repurchase			2,004,286						1,976,228						1,777,475						1,831,501
FHLB advances			895,022						1,255,088						1,800,000						1,800,000
Other borrowed funds			59,779						62,366						62,062						61,911
Finance lease liabilities			18,401						19,405						21,279						22,257
Subordinated debentures			157,379						157,127						133,105						133,065
Accrued interest payable			27,733						27,973						33,626						35,382
Operating lease liabilities			41,367						42,274						39,902						40,642
Other liabilities			332,423						303,756						264,690						321,197
Total liabilities			25,407,339						25,472,719						24,679,133						24,960,719
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			1,186						1,186						1,134						1,134
Paid-in capital			2,657,469						2,655,894						2,448,758						2,447,200
Retained earnings - substantially restricted			1,142,523						1,113,839						1,083,258						1,059,022
Accumulated other comprehensive loss			(192,890)						(238,655)						(309,296)						(262,306)
Total stockholders’ equity			3,608,288						3,532,264						3,223,854						3,245,050
Total liabilities and stockholders’ equity			$	29,015,627					29,004,983						27,902,987						28,205,769

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Glacier Bancorp, Inc.

Unaudited Condensed Consolidated Statements of Operations

			Three Months ended																								Nine Months ended
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Sep 30, 2024												Sep 30, 2025						Sep 30, 2024
Interest Income
Investment securities			$	45,348					44,148						45,646						46,371												135,142						144,754
Residential real estate loans			26,335						25,361						24,275						23,118												75,971						65,636
Commercial loans			228,363						214,816						197,388						196,901												640,567						566,699
Consumer and other loans			24,957						23,790						22,616						23,188												71,363						65,725
Total interest income			325,003						308,115						289,925						289,578												923,043						842,814
Interest Expense
Deposits			67,346						65,569						62,865						70,607												195,780						205,655
Securities sold under agreements to   repurchase			14,706						14,109						13,733						14,737												42,548						40,901
Federal Home Loan Bank advances			14,271						17,806						20,719						22,344												52,796						50,772
FRB Bank Term Funding			—						—						—						—												—						27,097
Other borrowed funds			385						400						402						252												1,187						949
Subordinated debentures			2,916						2,615						2,227						1,407												7,758						4,251
Total interest expense			99,624						100,499						99,946						109,347												300,069						329,625
Net Interest Income			225,379						207,616						189,979						180,231												622,974						513,189
Provision for credit losses			7,656						20,267						7,814						8,005												35,737						19,772
Net interest income after provision for credit losses			217,723						187,349						182,165						172,226												587,237						493,417
Non-Interest Income
Service charges and other fees			21,460						20,405						18,818						20,587												60,683						58,572
Miscellaneous loan fees and charges			5,123						5,067						4,664						4,970												14,854						14,153
Gain on sale of loans			5,027						4,273						4,311						4,898												13,611						12,929
Gain on sale of securities			—						—						—						26												—						30
Other income			3,742						3,199						4,849						4,223												11,790						11,213
Total non-interest income			35,352						32,944						32,642						34,704												100,938						96,897
Non-Interest Expense
Compensation and employee benefits			96,498						94,355						91,443						85,083												282,296						255,306
Occupancy and equipment			13,236						12,558						12,294						11,989												38,088						35,466
Advertising and promotions			4,620						4,394						4,144						4,062												13,158						12,407
Data processing			10,634						9,883						9,138						9,196												29,655						27,742
Other real estate owned and foreclosed assets			63						26						63						13												152						187
Regulatory assessments and insurance			5,799						5,847						5,534						5,150												17,180						18,304
Intangibles amortization			3,813						3,624						3,270						3,367												10,707						9,144
Other expenses			33,120						24,432						25,432						25,848												82,984						78,947
Total non-interest expense			167,783						155,119						151,318						144,708												474,220						437,503
Income Before Income Taxes			85,292						65,174						63,489						62,222												213,955						152,811
Federal and state income tax expense			17,392						12,393						8,921						11,167												38,706						24,421
Net Income			$	67,900					52,781						54,568						51,055												175,249						128,390

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Glacier Bancorp, Inc.

Average Balance Sheets

			Three Months ended
			September 30, 2025																		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			$	1,962,831					$	26,335					5.37		%				$	1,940,514					$	25,361					5.23		%
Commercial loans 1			15,351,367						229,915						5.94		%				14,884,885						216,385						5.83		%
Consumer and other loans			1,363,996						24,957						7.26		%				1,336,030						23,790						7.14		%
Total loans 2			18,678,194						281,207						5.97		%				18,161,429						265,536						5.86		%
Tax-exempt debt securities 3			1,583,554						14,068						3.55		%				1,594,895						13,999						3.51		%
Taxable debt securities 4, 5			6,554,179						33,185						2.03		%				6,645,312						32,045						1.93		%
Total earning assets			26,815,927						328,460						4.86		%				26,401,636						311,580						4.73		%
Goodwill and intangibles			1,184,370																		1,153,466
Non-earning assets			987,070																		918,007
Total assets			$	28,987,367																	$	28,473,109
Liabilities
Non-interest bearing deposits			$	6,550,398					$	—					—		%				$	6,256,245					$	—					—		%
NOW and DDA accounts			5,734,329						16,483						1.14		%				5,674,990						16,045						1.13		%
Savings accounts			2,995,538						5,843						0.77		%				2,904,389						5,402						0.75		%
Money market deposit accounts			3,136,019						16,783						2.12		%				3,000,487						15,389						2.06		%
Certificate accounts			3,217,199						28,195						3.48		%				3,211,418						28,667						3.58		%
Total core deposits			21,633,483						67,304						1.23		%				21,047,529						65,503						1.25		%
Wholesale deposits 6			3,649						42						4.48		%				5,618						66						4.67		%
Repurchase agreements			1,986,620						14,706						2.94		%				1,898,841						14,109						2.98		%
FHLB advances			1,192,493						14,271						4.68		%				1,494,781						17,806						4.71		%
Subordinated debentures and other borrowed funds			236,375						3,301						5.54		%				231,902						3,015						5.21		%
Total funding liabilities			25,052,620						99,624						1.58		%				24,678,671						100,499						1.63		%
Other liabilities			353,452																		338,289
Total liabilities			25,406,072																		25,016,960
Stockholders’ Equity
Stockholders’ equity			3,581,295																		3,456,149
Total liabilities and stockholders’ equity			$	28,987,367																	$	28,473,109
Net interest income (tax-equivalent)									$	228,836																	$	211,081
Net interest spread (tax-equivalent)															3.28		%																3.10		%
Net interest margin (tax-equivalent)															3.39		%																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 September 30, 2025 and June 30, 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 $1.8 million and $1.7 million on tax-exempt debt securities income for the three months ended September 30, 2025 and June 30, 2025, respectively.

4     Includes interest income of $6.7 million and $4.8 million on average interest-bearing cash balances of $600.3 million and $433.7 million for the three months ended September 30, 2025 and June 30, 2025, respectively.

5 Includes tax effect of $150 thousand and $151 thousand on federal income tax credits for the three months ended September 30, 2025 and June 30, 2025, respectively.

6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

17

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Glacier Bancorp, Inc.

Average Balance Sheets (continued)

			Three Months ended
			September 30, 2025																		September 30, 2024
(Dollars in thousands)			Average Balance						Interest & Dividends						Average Yield/ Rate						Average Balance						Interest & Dividends						Average Yield/ Rate
Assets
Residential real estate loans			$	1,962,831					$	26,335					5.37		%				$	1,850,066					$	23,118					5.00		%
Commercial loans 1			15,351,367						229,915						5.94		%				13,957,304						198,556						5.66		%
Consumer and other loans			1,363,996						24,957						7.26		%				1,324,142						23,188						6.97		%
Total loans 2			18,678,194						281,207						5.97		%				17,131,512						244,862						5.69		%
Tax-exempt debt securities 3			1,583,554						14,068						3.55		%				1,660,643						14,710						3.54		%
Taxable debt securities 4, 5			6,554,179						33,185						2.03		%				7,073,967						34,001						1.92		%
Total earning assets			26,815,927						328,460						4.86		%				25,866,122						293,573						4.52		%
Goodwill and intangibles			1,184,370																		1,092,632
Non-earning assets			987,070																		836,878
Total assets			$	28,987,367																	$	27,795,632
Liabilities
Non-interest bearing deposits			$	6,550,398					$	—					—		%				$	6,237,166					$	—					—		%
NOW and DDA accounts			5,734,329						16,483						1.14		%				5,314,459						16,221						1.21		%
Savings accounts			2,995,538						5,843						0.77		%				2,829,203						5,699						0.80		%
Money market deposit accounts			3,136,019						16,783						2.12		%				2,887,173						15,048						2.07		%
Certificate accounts			3,217,199						28,195						3.48		%				3,211,842						33,597						4.16		%
Total core deposits			21,633,483						67,304						1.23		%				20,479,843						70,565						1.37		%
Wholesale deposits 6			3,649						42						4.48		%				3,122						42						5.47		%
Repurchase agreements			1,986,620						14,706						2.94		%				1,723,553						14,738						3.40		%
FHLB advances			1,192,493						14,271						4.68		%				1,828,533						22,344						4.78		%
Subordinated debentures and other borrowed funds			236,375						3,301						5.54		%				219,472						1,658						3.01		%
Total funding liabilities			25,052,620						99,624						1.58		%				24,254,523						109,347						1.79		%
Other liabilities			353,452																		336,906
Total liabilities			25,406,072																		24,591,429
Stockholders’ Equity
Stockholders’ equity			3,581,295																		3,204,203
Total liabilities and stockholders’ equity			$	28,987,367																	$	27,795,632
Net interest income (tax-equivalent)									$	228,836																	$	184,226
Net interest spread (tax-equivalent)															3.28		%																2.73		%
Net interest margin (tax-equivalent)															3.39		%																2.83		%

______________________________

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 September 30, 2025 and 2024, 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 $1.8 million and $2.1 million on tax-exempt debt securities income for the three months ended September 30, 2025 and 2024, respectively.

4     Includes interest income of $6.7 million and $4.8 million on average interest-bearing cash balances of $600.3 million and $357.0 million for the three months ended September 30, 2025 and 2024, respectively.

5 Includes tax effect of $150 thousand and $203 thousand on federal income tax credits for the three months ended September 30, 2025 and 2024, respectively.

6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

18

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Glacier Bancorp, Inc.

Average Balance Sheets (continued)

			Nine Months ended
			September 30, 2025																		September 30, 2024
(Dollars in thousands)			Average Balance						Interest & Dividends						Average Yield/ Rate						Average Balance						Interest & Dividends						Average Yield/ Rate
Assets
Residential real estate loans			$	1,929,897					$	75,971					5.25		%				$	1,798,202					$	65,636					4.87		%
Commercial loans 1			14,780,437						645,221						5.84		%				13,737,866						571,540						5.56		%
Consumer and other loans			1,334,462						71,363						7.15		%				1,299,463						65,725						6.76		%
Total loans 2			18,044,796						792,555						5.87		%				16,835,531						702,901						5.58		%
Tax-exempt debt securities 3			1,594,355						42,003						3.51		%				1,695,965						44,978						3.54		%
Taxable debt securities 4, 5			6,713,914						98,828						1.96		%				7,429,971						106,939						1.92		%
Total earning assets			26,353,065						933,386						4.74		%				25,961,467						854,818						4.40		%
Goodwill and intangibles			1,146,519																		1,071,024
Non-earning assets			918,154																		734,681
Total assets			$	28,417,738																	$	27,767,172
Liabilities
Non-interest bearing deposits			$	6,267,432					$	—					—		%				$	6,077,392					$	—					—		%
NOW and DDA accounts			5,645,862						47,593						1.13		%				5,270,842						47,866						1.21		%
Savings accounts			2,921,024						16,404						0.75		%				2,881,273						17,368						0.81		%
Money market deposit accounts			2,996,375						45,698						2.04		%				2,913,206						43,907						2.01		%
Certificate accounts			3,193,843						85,937						3.60		%				3,083,866						96,365						4.17		%
Total core deposits			21,024,536						195,632						1.24		%				20,226,579						205,506						1.36		%
Wholesale deposits 6			4,289						148						4.58		%				3,603						149						5.49		%
Repurchase agreements			1,909,939						42,548						2.98		%				1,612,021						40,901						3.39		%
FHLB advances			1,475,071						52,796						4.72		%				1,397,258						50,772						4.77		%
FRB Bank Term Funding			—						—						—		%				824,672						27,097						4.39		%
Subordinated debentures and other borrowed funds			228,191						8,945						5.24		%				220,835						5,200						3.15		%
Total funding liabilities			24,642,026						300,069						1.63		%				24,284,968						329,625						1.81		%
Other liabilities			339,599																		345,822
Total liabilities			24,981,625																		24,630,790
Stockholders’ Equity
Stockholders’ equity			3,436,113																		3,136,382
Total liabilities and stockholders’ equity			$	28,417,738																	$	27,767,172
Net interest income (tax-equivalent)									$	633,317																	$	525,193
Net interest spread (tax-equivalent)															3.11		%																2.59		%
Net interest margin (tax-equivalent)															3.21		%																2.70		%

______________________________

1 Includes tax effect of $4.7 million and $4.8 million on tax-exempt municipal loan and lease income for the Nine Months ended September 30, 2025 and 2024, 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 $5.2 million and $6.5 million on tax-exempt debt securities income for the Nine Months ended September 30, 2025 and 2024, respectively.

4     Includes interest income of $17.7 million and $17.2 million on average interest-bearing cash balances of $531.3 million and $631.7 million for the Nine Months ended September 30, 2025 and 2024, respectively.

5 Includes tax effect of $451 thousand and $629 thousand on federal income tax credits for the Nine Months ended September 30, 2025 and 2024, respectively.

6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

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Glacier Bancorp, Inc.

Loan Portfolio by Regulatory Classification

			Loans Receivable, by Loan Type																								% Change from
(Dollars in thousands)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Custom and owner occupied construction			$	231,238					$	254,790					$	242,844					$	235,915					(9)		%				(5)		%				(2)		%
Pre-sold and spec construction			217,413						208,106						191,926						203,610						4		%				13		%				7		%
Total residential construction			448,651						462,896						434,770						439,525						(3)		%				3		%				2		%
Land development			197,981						176,925						197,369						205,704						12		%				—		%				(4)		%
Consumer land or lots			207,816						229,823						187,024						189,705						(10)		%				11		%				10		%
Unimproved land			137,720						127,550						113,532						109,237						8		%				21		%				26		%
Developed lots for operative builders			56,180						73,053						61,661						67,140						(23)		%				(9)		%				(16)		%
Commercial lots			99,220						175,929						99,243						98,644						(44)		%				—		%				1		%
Other construction			982,743						753,056						693,461						689,638						31		%				42		%				43		%
Total land, lot, and other construction			1,681,660						1,536,336						1,352,290						1,360,068						9		%				24		%				24		%
Owner occupied			3,570,671						3,529,536						3,197,138						3,121,900						1		%				12		%				14		%
Non-owner occupied			4,333,302						4,283,986						4,053,996						4,001,430						1		%				7		%				8		%
Total commercial real estate			7,903,973						7,813,522						7,251,134						7,123,330						1		%				9		%				11		%
Commercial and industrial			1,554,832						1,545,498						1,395,997						1,387,538						1		%				11		%				12		%
Agriculture			1,189,948						1,167,611						1,024,520						1,047,320						2		%				16		%				14		%
First lien			2,579,418						2,590,433						2,481,918						2,462,885						—		%				4		%				5		%
Junior lien			81,568						80,170						76,303						77,029						2		%				7		%				6		%
Total 1-4 family			2,660,986						2,670,603						2,558,221						2,539,914						—		%				4		%				5		%
Multifamily residential			969,573						975,785						895,242						921,138						(1)		%				8		%				5		%
Home equity lines of credit			1,056,757						1,048,595						1,005,783						1,004,300						1		%				5		%				5		%
Other consumer			192,501						197,744						209,457						221,517						(3)		%				(8)		%				(13)		%
Total consumer			1,249,258						1,246,339						1,215,240						1,225,817						—		%				3		%				2		%
States and political subdivisions			994,062						973,145						983,601						993,871						2		%				1		%				—		%
Other			180,711						188,743						183,894						188,792						(4)		%				(2)		%				(4)		%
Total loans receivable, including   loans held for sale			18,833,654						18,580,478						17,294,909						17,227,313						1		%				9		%				9		%
Less loans held for sale 1			(42,668)						(47,738)						(33,060)						(46,126)						(11)		%				29		%				(7)		%
Total loans receivable			$	18,790,986					$	18,532,740					$	17,261,849					$	17,181,187					1		%				9		%				9		%

______________________________

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

20

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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, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2025						Sep 30, 2025
Custom and owner occupied construction			$	476					235						198						202						184						292						—
Pre-sold and spec construction			2,039						2,806						2,132						3,705						2,039						—						—
Total residential construction			2,515						3,041						2,330						3,907						2,223						292						—
Land development			917						885						966						583						917						—						—
Consumer land or lots			358						460						78						458						358						—						—
Developed lots for operative builders			456						531						531						531						—						456						—
Commercial lots			—						47						47						47						—						—						—
Total land, lot and other construction			1,731						1,923						1,622						1,619						1,275						456						—
Owner occupied			5,237						4,412						2,979						1,903						4,903						127						207
Non-owner occupied			691						1,206						2,235						1,335						—						—						691
Total commercial real estate			5,928						5,618						5,214						3,238						4,903						127						898
Commercial and Industrial			24,165						14,764						2,069						2,455						22,557						1,608						—
Agriculture			5,408						6,603						2,335						6,040						2,135						3,273						—
First lien			8,388						10,549						9,053						6,065						7,652						736						—
Junior lien			765						533						315						279						287						—						478
Total 1-4 family			9,153						11,082						9,368						6,344						7,939						736						478
Multifamily residential			1,039						398						389						392						398						641						—
Home equity lines of credit			3,402						4,016						3,465						2,867						3,292						110						—
Other consumer			852						921						955						1,111						728						87						37
Total consumer			4,254						4,937						4,420						3,978						4,020						197						37
Other			119						240						39						148						—						119						—
Total			$	54,312					48,606						27,786						28,121						45,450						7,449						1,413

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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, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024
Custom and owner occupied construction			$	305					$	385					$	969					$	13					(21)		%				(69)		%				2,246		%
Pre-sold and spec construction			—						—						564						1,250						n/m						(100)		%				(100)		%
Total residential construction			305						385						1,533						1,263						(21)		%				(80)		%				(76)		%
Land development			—						170						1,450						157						(100)		%				(100)		%				(100)		%
Consumer land or lots			564						1,210						402						747						(53)		%				40		%				(24)		%
Unimproved land			33						75						36						39						(56)		%				(8)		%				(15)		%
Developed lots for operative builders			5,265						—						214						—						n/m						2,360		%				n/m
Other construction			—						7,840						—						—						(100)		%				n/m						n/m
Total land, lot and other construction			5,862						9,295						2,102						943						(37)		%				179		%				522		%
Owner occupied			3,809						3,903						2,867						5,641						(2)		%				33		%				(32)		%
Non-owner occupied			7,615						13,806						5,037						13,785						(45)		%				51		%				(45)		%
Total commercial real estate			11,424						17,709						7,904						19,426						(35)		%				45		%				(41)		%
Commercial and industrial			3,711						6,711						6,194						3,125						(45)		%				(40)		%				19		%
Agriculture			2,104						8,243						744						16,932						(74)		%				183		%				(88)		%
First lien			5,357						3,583						6,326						6,275						50		%				(15)		%				(15)		%
Junior lien			—						—						214						13						n/m						(100)		%				(100)		%
Total 1-4 family			5,357						3,583						6,540						6,288						50		%				(18)		%				(15)		%
Multifamily Residential			150						—						—						—						n/m						n/m						n/m
Home equity lines of credit			7,421						5,482						3,731						4,567						35		%				99		%				62		%
Other consumer			1,751						1,615						1,775						2,227						8		%				(1)		%				(21)		%
Total consumer			9,172						7,097						5,506						6,794						29		%				67		%				35		%
Other			1,439						1,380						1,705						1,442						4		%				(16)		%				—		%
Total			$	39,524					$	54,403					$	32,228					$	56,213					(27)		%				23		%				(30)		%

______________________________

n/m - not measurable

22

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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)			Sep 30, 2025						Jun 30, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2025
Pre-sold and spec construction			$	—					50						(4)						(4)						51						51
Land development			(358)						(341)						1,095						(21)						—						358
Consumer land or lots			(5)						(3)						(22)						(21)						—						5
Unimproved land			—						—						1,338						5						—						—
Commercial lots			—						—						319						319						—						—
Total land, lot and other construction			(363)						(344)						2,730						282						—						363
Owner occupied			(1)						(1)						(73)						(73)						—						1
Non-owner occupied			(11)						(8)						2						(3)						—						11
Total commercial real estate			(12)						(9)						(71)						(76)						—						12
Commercial and industrial			655						26						1,422						1,272						1,508						853
Agriculture			(111)						(109)						64						65						—						111
First lien			(158)						(79)						32						(34)						1						159
Junior lien			(34)						(137)						(65)						(60)						126						160
Total 1-4 family			(192)						(216)						(33)						(94)						127						319
Home equity lines of credit			(27)						(20)						69						(31)						9						36
Other consumer			1,151						656						1,078						753						1,386						235
Total consumer			1,124						636						1,147						722						1,395						271
Other			5,253						3,406						8,643						6,561						8,195						2,942
Total			$	6,354					3,440						13,898						8,728						11,276						4,922

Visit our website at www.glacierbancorp.com

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