Glacier Bancorp, Inc. · NYSE:GBCI

Glacier Bancorp — Investor Presentation (February 2026)

50 slides from Glacier Bancorp's investor presentation, Feb 5, 2026

1. Slide 1: Investor Presentation December 31, 2025

   Investor Presentation December 31, 2025

2. 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

3. Slide 3: Glacier Bancorp Inc. 12/31/2025 Snapshot

   Glacier Bancorp Inc. 12/31/2025 Snapshot GBCITicker $31.98 billionTotal Assets $20.93 billionGross Loans $24.59 billionDeposits $21.01TCBV Per Share $1.32Dividends $44.05Stock Price $5.73 billionMarket Cap 3

4. Slide 4: Differentiated Bank Model

   Differentiated Bank Model • Genuine community banking model • Backed by resources and support of Glacier Bancorp • Strategy of growth through acquisitions and organically 4

5. Slide 5: Glacier Bancorp is a Family of Banks Pro Forma for Guaranty Acquisition

   Glacier Bancorp is a Family of Banks 5 Pro Forma for Guaranty Acquisition 9 States ● 18 Divisions ● 281 Locations

6. Slide 6: Acquisition – Bank of Idaho Holding Co.

   Acquisition – Bank of Idaho Holding Co. • Founded in 1985 and headquartered in Idaho Falls, Idaho • Full-service community bank, providing comprehensive financial services to businesses and individuals with 15 branch locations throughout Eastern Idaho, Boise Metro and Eastern Washington • Acquisitio

7. Slide 7: Acquisition – Bank of Idaho Holding Co.

   Acquisition – Bank of Idaho Holding Co. • Acquisition complements Glacier’s existing strong loan and deposit portfolios and deepens its presence in several of the top growth markets in the United States • Aligns with Glacier’s long-term strategy of acquiring quality banks in strong markets with exce

8. Slide 8: Bank of Idaho Transaction Overview and Assumptions

   Acquisition – Bank of Idaho Holding Co. (“BOID”) Transaction Overview and Assumptions  100% stock consideration to BOID common shareholders  1.100x shares of Glacier Bancorp stock for each BOID share  BOID options and stock appreciation rights will be cashed out for their in-the-money value Consi

9. Slide 9: Acquisition - Guaranty Bancshares Overview

   Acquisition - Guaranty Bancshares Overview 9 Consolidated Financial Highlights (Q2-2025) Company Overview  Bank founded in 1913 and headquartered in Mount Pleasant, Texas  Full-service community bank providing comprehensive financial services to businesses and individuals with 33 branch locations

10. Slide 10: Guaranty Bancshares Dynamic & Diverse Operating Markets

    Acquisition – Guaranty Bancshares Dynamic & Diverse Operating Markets 10 Legacy East Texas (Chartered 1913) Market Stats:  Guaranty Market Deposits: $1.5 billion  Guaranty Branches: 14  Total Population: 449 thousand  Proj. Pop. Growth (‘25-’30): 2.4%  Median HHI(1): $67 thousand  Proj. HHI Gr

11. Slide 11: Guaranty Bancshares Transaction Overview & Assumptions

    Acquisition - Guaranty Bancshares Transaction Overview & Assumptions 11 1) Based on a GBCI closing price of $41.58 on June 23, 2025 2) Includes 11,356,856 GNTY shares outstanding 3) Includes 341,780 options and a weighted average strike price of $30.07 4) Including employment and benefit plan costs,

12. Slide 12: GBCI Acquisition History – 2015 through 2025

    12 $- $5 $10 $15 $20 $25 $30 $35 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 GBCI Acquisitions $12.1 $9.7 $13.7 $18.5 $25.9 $26.6 $27.7 $27.9 $32.0 GBCI Acquisition History – 2015 through 2025 * Total Assets in billions Long history of adding high quality community banks that fit the Glac

13. Slide 13: Track Record of Increasing Market Share

    20252015 MarketGlacierMarketGlacier ShareDepositsRankTransactions since 2015ShareDepositsRankdollars in millions 25.8%$7,973121.0%$3,4332Montana 18.8%$3,205113.4%$1,0211Idaho 13.7%$2,84412.4%$19312Utah(1) 0.7%$2,71930------Texas 9.5%$1,8232------Arizona 3.4%$1,74071.8%$4929Colorado 9.7%$1,50844.2%$4

14. Slide 14: Significant Runway of Additional Acquisition Opportunities

    Significant Runway of Additional Acquisition Opportunities 14 1) Excludes announced merger targets 2) Excludes BAC, C, JPM, and WFC Note: FDIC deposit data as of June 30, 2025 Note : Target banks table as of December 31, 2025 Source: S&P Capital IQ Pro Mountain West Region Business Friendly In-Mig

15. Slide 15: GBCI Is Prepared for Expected M&A Acceleration

    GBCI Is Prepared for Expected M&A Acceleration Capital Team Technology and Product Investments Reputation –with Regulators and Sellers Defined Playbook that Works Disciplined M&A Approach Attractive Model 15

16. Slide 16: Foundation for Growth and Acquisitions

    Foundation for Growth and Acquisitions “Best of Breed” Technology and Product Introduce exceptional technology and top-tier banking products Ensure we offer the best solutions in the market Product Management Organization Dedicated team to drive innovation and alignment Strengthens market focus and

17. Slide 17: Solid Financial Results

    Solid Financial Results @ Glacier Bancorp 7

18. Slide 18: Diluted Earnings Per Share

    Diluted Earnings Per Share $0.00 $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 $2.50 $2.75 $3.00 $3.25 2020 2021 2022 2023 2024 2025 $2.74$2.81 $0.48 $0.45 $0.57 $0.49 $2.01 • 2025 EPS of $1.99 increased $0.31, or 18%, over the 2024 EPS of $1.68 • The increase in EPS was driven primarily by

19. Slide 19: Return on Assets

    0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 2020 2021 2022 2023 2024 2025 1.62% 0.68% 1.33% 0.81% 0.81% • 2025 ROA was 0.81% compared to 2024 ROA of 0.68% • ROA of 0.82% for the third quarter 2025 was in the 28th percentile among Glacier’s peer group Return on Assets BHCPR as of 9/30/2025

20. Slide 20: Return on Tangible Equity

    4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 2020 2021 2022 2023 2024 2025 12.14% 15.49% 16.59%16.85% 9.61% 10.44% • The Company’s historically high capital levels have made it more difficult to produce higher ROTE. Return on Tangible Equity 20

21. Slide 21: Net Interest Income / Margin

    $100 $200 $300 $400 $500 $600 $700 $800 $900 2020 2021 2022 2023 2024 2025 $600 $663 $788 $692 $705 $889 4.09% 3.42% 3.27% 2.73% 2.77% Q2 3.21% Q1 3.04% • Net interest income of $889 million for 2025 increased $184 million, or 26%, over net interest income of $704 million for 2024 • Net interest mar

22. Slide 22: Net Interest Margin Year-to-Date 2025 compared to 2024

    Net Interest Margin Year-to-Date 2025 compared to Year-to-Date 2024 2.54% 2.58% 2.59% 2.61% 2.62% 2.64% 2.65% 2.68% 2.70% 2.72% 2.75% 2.77% 2.95% 3.05% 3.04% 3.05% 3.09% 3.12% 3.15% 3.18% 3.21% 3.25% 3.28% 3.32% 2.50% 2.60% 2.70% 2.80% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% Jan Feb March April May June

23. Slide 23: Efficiency Ratio

    38.0% 42.0% 46.0% 50.0% 54.0% 58.0% 62.0% 66.0% 70.0% 74.0% 78.0% 2020 2021 2022 2023 2024 2025 50.0% 51.4% 54.6% 62.9% 66.7% 62.5% Q3 62.1% Q1 65.5% • The efficiency ratio for 2025 was 62.50% compared to 66.71% for 2024 and was primarily due to the increase in net interest income • 2025 non-interes

24. Slide 24: Strong Balance Sheet

    Strong Balance Sheet 24

25. Slide 25: Asset Trends

    $18,504 $25,941 $26,635 $27,743 $27,903 $31,978 $18,000 $20,000 $22,000 $24,000 $26,000 $28,000 $30,000 $32,000 $34,000 2020 2021 2022 2023 2024 2025 • At December 31, 2025, total assets were $32.0 billion including $1.4 billion of assets from the Bank of Idaho acquisition and $3.4 billion of assets

26. Slide 26: CET1 Capital Relative to Peers

    11.00% 12.00% 13.00% CET1 11.8% 12.6% Peers Glacier • Regulatory capital CET1 was 12.6% at September 30, 2025, which was well above the peer median CET 1 Capital Relative to Peers Proxy Compensation Peer Group Median as of 9/30/2025 26

27. Slide 27: Ample Liquidity of $15.6 Billion at December 31, 2025

    Ample Liquidity of $15.6 Billion at December 31, 2025 • Ready access to liquidity totaling $9.9 billion • $6.9 billion in available borrowing capacity o Federal Reserve: $2.0 billion o FHLB: $4.4 billion o Correspondent banks: $0.5 billion • $2.0 billion of unpledged marketable securities • Cash of

28. Slide 28: Strong Core Deposit Base

    Strong Core Deposit Base • Our community banking model is customer relationship driven • Uninsured deposits, excluding collateralized public deposits and cash held at the holding company, are 26% of total deposits • 36% of uninsured deposits are with customers that also have a loan relationship with

29. Slide 29: Strong Core Deposit Base - Continued

    Strong Core Deposit Base - Continued • Demand and savings deposit characteristics • Deposit Granularity • Retail: 684,655 accounts ; average balance = $12,069 • Commercial: 170,688 accounts ; average balance = $61,783 • Relationship Length • Weighted average relationship age is 16 years • Compositio

30. Slide 30: Deposit Trends

    $14,798 $21,337 $20,607 $19,929 $20,547 $24,591 $14,000 $15,000 $16,000 $17,000 $18,000 $19,000 $20,000 $21,000 $22,000 $23,000 $24,000 $25,000 $26,000 2020 2021 2022 2023 2024 2025 • During 2025: • Total deposits and core deposits increased $4.0 billion, or 19.68% • Core deposits and repurchase agr

31. Slide 31: Deposit Composition

    Non- Interest Bearing 30% NOW and DDA 27% Savings 14% MMDA 14% CDs 15% Wholesale 0% 12/31/2024 Non- Interest Bearing 30% NOW and DDA 25% Savings 13% MMDA 16% CDs 16% Wholesale 0% 12/31/2025 Deposit Composition 31

32. Slide 32: Non-Interest Bearing Deposits

    $5,455 $7,779 $7,691 $6,023 $6,137 $7,315 $5,000 $5,500 $6,000 $6,500 $7,000 $7,500 $8,000 2020 2021 2022 2023 2024 2025 • Non-interest bearing deposits increased $1.2 billion, or 19%, during 2025 • Non-interest bearing deposits were 30% of total deposits at December 31, 2025 compared to 31% at Sept

33. Slide 33: Interest-Bearing Deposit Cost Relative to Peers

    0.15% 0.09% 0.11% 1.22% 1.92% 1.77% 1.78% 0.53% 0.21% 0.58% 2.49% 3.17% 2.80% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% Glacier Peers • Interest-bearing deposit cost decreased to 1.78% at December 31, 2025, from 1.92% at December 31, 2024 due to market dynamics and the competitive rate environ

34. Slide 34: Loan Trends

    $11,123 $13,432 $15,247 $16,198 $17,262 $20,928 $11,000 $12,000 $13,000 $14,000 $15,000 $16,000 $17,000 $18,000 $19,000 $20,000 $21,000 $22,000 2020 2021 2022 2023 2024 2025 • Gross loans increased $3.7 billion, or 21%, during 2025 with the largest increase in commercial real estate loans of $2.6 bi

35. Slide 35: Loan Composition

    Residential Real Estate 11% CRE 64% Other Commercial 18% HELOC 5% Other Consumer 2% 12/31/2024 Residential Real Estate 12% CRE 65% Other Commercial 17% HELOC 4% Other Consum… 12/31/2025 Loan Composition 35

36. Slide 36: Geographic Loan Dispersion

    Montana 62% Idaho 22% Utah 2% Washington 1% Wyoming 9% Colorado 4% 12/31/2009 Montana 28% Idaho 14% Utah… Washington 8% Wyoming 7% Colorado 8% Arizona 8% Nevada 4% Texas 10% 12/31/2025 Geographic Loan Dispersion 36

37. Slide 37: Term CRE Portfolio

    Term CRE Portfolio * Diversified and Low Risk Portfolio • Total portfolio $8.8 billion (42% of total loan portfolio) • Non-owner portfolio $4.8 billion (23% of total portfolio) • $984 thousand average loan balance • 56% average LTV • 0.25% past due rate • 0.12% non-performing • 98% of loans have rec

38. Slide 38: Office CRE Portfolio

    Office CRE Portfolio * • $708 thousand average loan balance • 58% average LTV • 0.08% past due • 0.50% non-performing • 98% of loans have recourse through guaranties • Includes $121 million in medical office • 17% of office portfolio matures or reprices prior to 2027 • Limited exposure to loans abov

39. Slide 39: Office CRE Portfolio - Continued

    Office CRE Portfolio - Continued Denver $39 million Phoenix $16 million Salt Lake City $21 million Dallas $1 million Houston $3 million Suburban/Rural $1.51 billion • Highly diversified portfolio across 9 states primarily in rural markets • Portfolio in Denver, Phoenix, Salt Lake City, Dallas, and H

40. Slide 40: Investment Portfolio Trends

    $5,528 $10,370 $9,022 $8,288 $7,540 $7,118 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000 2020 2021 2022 2023 2024 2025 • Investment securities ended 2025 at 22% of total assets compared to 27% at the end of 2024 • Investment securities decreased $422 million, or 6%, during 2025 • Projected aver

41. Slide 41: Investment Composition

    US Gov't & Federal Agency 18% US Gov't Sponsored Enterprises 4% State & Local Gov'ts 22% Corporate Bonds 0% Residential MBS 42% Commercial MBS 14% 12/31/2024 US Gov't & Federal Agency 16% US Gov't Sponsored Enterprises 4% State & Local Gov'ts 25% Corporate Bonds 0% Residential MBS 40% Commercial MBS

42. Slide 42: Credit Quality

    Credit Quality 42

43. Slide 43: NPAs to Bank Assets

    0.00% 0.10% 0.20% 0.30% 2020 2021 2022 2023 2024 2025 0.19% 0.26% 0.09% 0.10% 0.22% • During 2025, NPAs increased $41.1 million to 0.22% of Bank assets compared to 0.10% of Bank assets for 2024 • Excluding $18.8 million from the Guaranty Bank & Trust acquisition, non-performing assets were $50.1 mil

44. Slide 44: CECL and Allowance for Credit Losses (ACL)

    CECL and Allowance for Credit Losses (ACL) • Commercial Asset Quality Ratings • Consumer Loan Past Due Status • Additional Qualitative Adjustments • Prepayment Speed Assumptions • Unemployment levels • Historical Loss Period Capture (Dollars in millions) Other Key Model Inputs National Economic Assu

45. Slide 45: Provision For Credit Losses

    $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 2020 2021 2022 2023 2024 2025 $39,765 $23,076 $19,963 $14,795 $28,306 $71,400 • Loan portfolio growth, composition, average loan size, credit quality considerations, economic forecasts, actual results and other environmental factors

46. Slide 46: Net Charge-Offs

    $0 $2,500 $5,000 $7,500 $10,000 $12,500 $15,000 2020 2021 2022 2023 2024 2025 $7,653 $2,329 $7,815 $10,316 $13,898 $12,722 • During 2025, net charge-offs as a percentage of total loans were 0.06% compared to 0.08% for 2024 Net Charge-Offs (Dollars in thousands) 46

47. Slide 47: ACL as a Percentage of Loans

    1.00% 1.25% 1.50% 1.75% 2020 2021 2022 2023 2024 2025 1.42% 1.29% 1.20% 1.19% 1.19% 1.22% • ACL was in the 49th percentile of Glacier’s peer group for the third quarter 2025 • The ACL was 1.22% of loans for 2025 compared to 1.19% for 2024 • As credit trends change, expect the ACL to adjust according

48. Slide 48: Shareholder Return

    Shareholder Return GY Glacier Bancorp

49. Slide 49: Dividends Declared

    $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 $1.40 • At December 31, 2025, Glacier’s dividend yield was 3.00% • The Company has declared 163 consecutive quarterly dividends Dividends Declared 49

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