Glacier Bancorp, Inc. · NYSE:GBCI
Glacier Bancorp — Investor Presentation (February 2026)
31 slides from Glacier Bancorp's investor presentation, Feb 11, 2026
Slide 1: Investor Presentation February 2026
Investor Presentation February 2026 Glacier National Park, Montana
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains 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
Slide 3: A Family of Market-Focused Community Banks
A Family of 18 Market-Focused Community Banks Geographically diversified footprint across Mountain West and Southwestern U.S. markets $30B+ balance sheet Best-in-class technology Centralized risk, compliance, and data governance Backed by: 3
Slide 4: Our Mission
Our Mission Our ongoing mission is to be the premier banking franchise in the Mountain West and Southwest, delivering community bank values with big bank capabilities. We will continue to position the company as the acquirer of choice among community banks, the employer of choice within each of our
Slide 5: Why Glacier Bancorp
Why Glacier Bancorp Downtown Yuma, Arizona 5 1 Differentiated, scalable community banking platform 2 Attractive footprint in high-growth U.S. markets 3 Strong team of division presidents with deep institutional and local market knowledge 4 High-quality balance sheet anchored by low-cost, stable core
Slide 6: Business Overview
Business Overview Reno, Nevada 6
Slide 7: Glacier Bancorp at a Glance
Glacier Bancorp at a Glance Glacier National Park, Montana 7 18 separately-branded bank divisions across nine states $4.2 billion Shareholder equity $20.9 billion Total Loans $32.0 billion Total Assets $24.6 billion Total Deposits Founded in 1955 281 banking offices $239.0 million Annual Net Income
Slide 8: Community Banking, Built for the Future
Community Banking, Built for the Future A powerful, local operating model … … backed by Glacier’s scale and unique capabilities Tailored community banking Local decision-making informed by market expertise Better decisions lead to better outcomes A consistent operating framework enables each divisio
Slide 9: Customers Choose Glacier
Customers Choose Glacier What Customers Value Most: Local, in-person relationships Decision-makers who understand their business Responsive, experienced teams Modern technology without losing the human touch Competitive pricing and products Their service has been exceptional compared to the “big box
Slide 10: Operating in High-Growth, Resilient Markets
Operating in High-Growth, Resilient Markets Above-average population growth Favorable and diversified economic growth • Operating in regions consistently outpacing U.S. population growth • Utah, Idaho, Texas1 among the fastest-growing states in the country • Population inflows support household form
Slide 11: Strong Local Leadership
Strong Local Leadership 11 18 Years average tenure of Division Presidents 33 Years of average industry experience among Division Presidents Our Division Presidents bring deep local market insight and long-standing customer relationships, enabling faster decisions and more tailored solutions that dir
Slide 12: Best in Class Core Deposits
Best in Class Core Deposits Interest-Bearing Deposit Costs Well Below Peer Average 0.15% 0.09% 0.11% 1.22% 1.92% 1.76% 1.81% 0.53% 0.21% 0.58% 2.49% 3.17% 2.80% 2020 2021 2022 2023 2024 3Q25 4Q25 Glacier Peers Attractive Value Proposition Granular and Stable Diversified Deposit Base • Convenient, co
Slide 13: Superior Credit Quality
Superior Credit Quality Net Charge Offs as a % of Total Loans Provision for Credit Losses ACL as a % of Total Loans NPAs as a % Total Assets 0.07% 0.02% 0.05% 0.07% 0.08% 0.05% 0.06% 0.27% 0.11% 0.09% 0.22% 0.28% 0.27% 2020 2021 2022 2023 2024 3Q25 4Q25 GBCI Peers $39,795 $19,963 $14,794 $28,306$23,
Slide 14: Growth Strategy
Growth Strategy Grand Teton National Park, Wyoming 14
Slide 15: Balanced Growth Track Record: Organic and Acquired Loans
Downtown Ogden, Utah 15 Acquired Organic Overall $ Growth $10.8bn $9.2bn $20.0bn Growth Contribution 54% 46% Since 2000 Acquired Organic Overall $ Growth $8.4bn $7.3bn $15.7bn Growth Contribution 53% 47% $0.2 $0.1 $0.1 $0.2 $0.5 $0.9 $1.3 $1.7 $2.0 $1.8 $1.5 $1.2 $1.2 $1.4 $1.7 $2.0 $2.6 $3.2 $3.9 $
Slide 16: Disciplined and Effective M&A Strategy
Disciplined and Effective M&A Strategy with 28 Acquisitions Since 2000 16 5 Balanced Growth Strategy Glacier is an acquirer of choice We purchase Good Banks in Good Markets with Good People Seller friendly • Attractive to seller • Strong valuations drives attractive returns Ability to maintain brand
Slide 17: Significant Runway of Acquisition Opportunities
Total Population: 46.0M Banks Between $500M – $10B: 194 Total Deposits Excl. Top 42: $821B Total Deposits: $1.6T Total Population: 24.7M Banks Between $500M – $10B: 57 Total Deposits Excl. Top 42: $444B Total Deposits: $703B MT, CO, ID, NV, UT, WA, WY AZ, NM, OK, TX SouthwestMountain West Total Asse
Slide 18: Strengthening competitive advantages by expanding relationships and market share
Strengthening competitive advantages by expanding relationships and market share Deepen relationships within the existing customer base by continuing to offer high value easily accessible solutions Increase market share in communities already served by leveraging strong local brands, convenient bran
Slide 19: Glacier's Business Model Drives Tangible Results
Glacier's Business Model Drives Tangible Results Well-respected, high-performing community bank model Low-cost, stable core deposit base Consistent strong credit quality across cycles Durable earnings and margin resilience Strong customer relationships and high levels of repeat business Above-averag
Slide 20: Financial Results, Balance Sheet, and Capital Returns
Financial Results, Balance Sheet, and Capital Returns Spokane, Washington 20
Slide 21: Proven Profitability: Growing Earnings Per Share
Proven Profitability: Growing Earnings Per Share $0.29 $0.39 $0.45 $0.54 $0.48 $0.45 $0.57 $0.49 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Earnings Per Share (EPS) 4Q25 EPS of $0.49 vs $0.54 in 4Q24 EPS increased ~69% from 1Q24 through 4Q25, reflecting sustained earnings momentum 21 $ per share 6 Resi
Slide 22: Net Interest Income Growth and Margin Lift
Net Interest Income Growth and Margin Lift 4Q25 NII of $266 million vs $191 million in 4Q24, representing an increase of ~39% 4Q25 NIM of 3.58% vs 2.97% in 4Q24, representing an increase of 61 basis points $166 $166 $180 $191 $190 $208 $225 $266 2.59% 2.68% 2.83% 2.97% 3.04% 3.21% 3.39% 3.58% 1Q24 2
Slide 23: Efficiency Ratio Improving
Efficiency Ratio Improving 4Q25 Efficiency Ratio of 61.0% vs 60.5% in 4Q24 Efficiency Ratio 74.4% 68.0% 64.9% 60.5% 65.5% 62.1% 62.0% 61.0% 55.0% 60.0% 65.0% 70.0% 75.0% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 23 6 Resilient Financial Performance
Slide 24: Capital Returns Trending Toward Historic Norms
0.47% 0.66% 0.73% 0.87% 0.80% 0.74% 0.93% 0.78% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Capital Returns Trending Toward Historic Norms Return on Assets (ROA) Return on Tangible Equity (ROTE) 6.86% 9.22% 10.09% 12.11% 10.67% 9.67% 11.71% 9.79% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 24 6 Resilient Fi
Slide 25: Proven Track Record of Growing Assets
Proven Track Record of Growing Assets Asset Trends 4Q25 Total Assets of $32.0 billion vs $27.9 billion in 4Q24 $27,822 $27,805 $28,206 $27,903 $27,859 $29,010 $29,016 $31,978 $26,000 $28,000 $30,000 $32,000 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 25 $ in millions 6 Resilient Financial Performance
Slide 26: Outstanding Liquidity Position is a Source of Strength
Outstanding Liquidity Position is a Source of Strength Available Liquidity of $15.6 Billion at December 31, 2025 $9.9 Billion • $6.9 billion in available borrowing capacity • Federal Reserve: $2.0 billion • FHLB: $4.4 billion • Correspondent banks: $0.5 billion • $2.0 billion of unpledged marketable
Slide 27: Diversified & Granular Deposits Provide Stable Funding Base
30% 26% 13% 16% 16% Non-Interest Bearing NOW and DDA Savings MMDA CDs Diversified & Granular Deposits Provide Stable Funding Base Deposit Composition as of 12/31/2025 Note: Metro refers to a population of 500,000 or more. 27 Deposit Granularity Composition Mix 6 Resilient Financial Performance Relat
Slide 28: Diversified Loan Portfolio Reduces Risk
Diversified Loan Portfolio Reduces Risk Loan Composition as of 12/31/25 Loan Balance by State as of 12/31/2025 12% 65% 19% 4% 2% Residential Real Estate CRE Other Commerical HELOC Other Consumer 32% 16% 4% 9% 7% 9% 8% 4% 10% Montana Idaho Utah Washington Wyoming Colorado Arizona Nevada Texas 28 6 Re
Slide 29: High-Quality CRE Portfolio
High-Quality CRE Portfolio Diversified and Low Risk Portfolio Total CRE by Occupancy Type CRE Balance by State 45% 55% Owner Occupied Non-Owner Occupied • CRE portfolio $8.8 billion (42% of loan portfolio) • Non-owner portfolio $4.8 billion (23% of loan portfolio) • Small average loan balance spread
Slide 30: High-Quality Investment Securities Portfolio
High-Quality Investment Securities Portfolio Generates Significant Cashflow Investment Portfolio Trends 30 $7,540 $7,434 $7,231 $7,072 $7,118 $7,000 $7,200 $7,400 $7,600 4Q24 1Q25 2Q25 3Q25 4Q25 16%4% 25% 40% 15% US Gov't & Federal Agency US Gov't Sponsored Enterprises State & Local Gov'ts Residenti
Slide 31: Balanced Capital Allocation Strategy
$0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 Balanced Capital Allocation Strategy Dividend History 31 Core Focus Areas: M&A Shareholder Returns via Dividends Organic Growth The Company has declared 163 consecutive quarterly dividends $ per share 6 Resilient Financial Performance
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