Glacier Bancorp, Inc. · NYSE:GBCI
Glacier Bancorp — Investor Presentation (June 2026)
39 slides from Glacier Bancorp's investor presentation, June 2026
Slide 1: Investor Presentation
Investor Presentation June 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 7) Costs or difficulties related to the completion and integration of future or recently completed Litigation Reform Act of 1995. These forward-looking statements include, bu
Slide 3: A Family of 18 Market-Focused Community Banks
A Family of 18 Market -Focused Community Banks Geographically diversified footprint across Mountain West and Southwestern U.S. markets Backed by: $30B+ balance sheet Best-in-class technology Centralized risk, compliance, and data governance Streamlined under 1 banking charter and 1 technology platfo
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
1 Differentiated, scalable community banking platform 2 Attractive footprint in high-growth U.S. markets Why 3 Strong team of division presidents with deep institutional and local market knowledge Glacier Bancorp 4 High-quality balance sheet anchored by low-cost, stable core deposits and superior cr
Slide 6: Business Overview
Business Overview Reno, Nevada 6
Slide 7: Glacier Bancorp at a Glance
1 Glacier Bancorp at a Glance Differentiated Platform A unique and differentiated community banking platform focused on the Mountain West and Southwest, with significant opportunities for future growth Founded in $31.6 billion $24.7 billion 1955 Total Assets Total Deposits 18 $21.4 billion $4.3 bill
Slide 8: Community Banking, Built for the Future
1 Community Banking, Built for the Future Differentiated Platform A powerful, local operating model … … backed by Glacier’s scale and unique capabilities Tailored community banking Best-in-class technology A consistent operating framework enables each division to tailor Modern platforms equip local
Slide 9: Customers Choose Glacier
1 Customers Choose Glacier Differentiated Platform What Customers Value Most: Local, in-person relationships “ Their service has been exceptional compared to the “big box” banks we used before. What stands out most is the genuine personalized service you get from an actual community bank. Staff know
Slide 10: Operating in High-Growth, Resilient Markets
2 Operating in High -Growth, Resilient Markets Attractive Footprint Above-average population growth Favorable and diversified economic growth • Operating in regions consistently outpacing U.S. • Industry diversification supports resilience across economic cycles population growth • Above-average GDP
Slide 11: Strong Local Leadership
3 Strong Local Leadership Strong Team Experienced Team of Division Presidents with Deep Institutional and Local Market Knowledge “ Our Division Presidents bring deep local market Joining the Glacier Family of Banks was an enormous boost to insight and long- our bank. It allowed us to have access to
Slide 12: Best in Class Core Deposits
4 Best in Class Core Deposits High-Quality Balance Sheet Interest-Bearing Deposit Costs Well Below Peer Average Attractive Value Proposition • Convenient, community-based branch network • Low-cost, competitively priced products and solutions 3.17% • High-quality, relationship-driven service model 2.
Slide 13: Superior Credit Quality
4 Superior Credit Quality High-Quality Balance Sheet Net Charge Offs as a % of Total Loans ACL as a % of Total Loans 0.28% 0.26% 0.22% 0.24% 1.28% 1.27% 1.27% 0.11% 0.09% 1.24% 0.08% 1.23% 0.07% 0.06% 1.22% 1.22% 1.22% 1.22% 0.04% 0.02% 0.02% 1.22% 1.22% 0.05% 2021 2022 2023 2024 2025 1Q26 2Q26 1Q25
Slide 14: Growth Strategy
Growth Strategy Grand Teton National Park, Wyoming 14
Slide 15: Track Record of Strong Organic Loan Growth and Accretive Acquisitions
5 Track Record of Strong Organic Loan Growth and Balanced Growth Strategy Accretive Acquisitions Total Loans ($ in billions) 25 Organic Acquired $20.7 20 $17.1 $16.0 $15.1 15 $11.3 $13.3 $8.2 $7.5 $11.1 $7.5 10 $9.5 $7.5 $8.2 $5.6 $6.5 $5.1 $5.6 $4.3 $5.0 5 $4.1 $4.0 $4.0 $4.4 $3.3 $8.9 $9.4 $3.6 $3
Slide 16: We purchase Good Banks in Good Markets with Good People
5 Balanced Growth Strategy Disciplined and Glacier is an acquirer of choice Effective M&A Strategy with 28 Acquisitions Seller friendly Since 2000 Ability to maintain brand and people High degree of certainty that the deal will close “ GBCI offers a premium currency • Attractive to seller There is n
Slide 17: Significant Runway of Acquisition Opportunities
5 Significant Runway of Acquisition Opportunities Balanced Growth Strategy Mountain West Region Southwest Southwest Region Region CO, ID, MT, NV, UT, WA, WY AZ, NM, OK, TX Glacier achieving leading Significant Glacier growth market share throughout: opportunity: 16 Divisions / 228 Locations1 2 Divis
Slide 18: Strengthening competitive advantages by expanding relationships and market share
5 Balanced Growth Strategy Deepen relationships within the existing customer base by continuing to offer high value easily accessible solutions Strengthening competitive Increase market share in communities already served by leveraging strong local brands, convenient branch locations, and advantages
Slide 19: Foundation for Growth and Acquisitions
5 Foundation for Growth and Acquisitions Balanced Growth Strategy “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 Built a solid foundation in data Dedicated team to
Slide 20: Glacier's Business Model Drives Tangible Results
5 Glacier's Business Model Drives Tangible Results Balanced Growth Strategy Well-respected, high-performing community bank model Division Low-cost, stable core deposit base Model Consistent strong credit quality across cycles Durable earnings and margin resilience M&A Strategy Strong customer relati
Slide 21: Financial Results, Balance Sheet, and Capital Returns
Financial Results, Balance Sheet, and Capital Returns Spokane, Washington 21
Slide 22: Non-GAAP Financial Measures
Non -GAAP Financial Measures Certain financial measures and ratios the Company presents are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles (GAAP). The Company refers to these financial measures and ratios as “non
Slide 23: Proven Profitability: Growing Operating Diluted Earnings Per Share
6 Proven Profitability: Growing Operating Diluted Earnings Resilient Financial Per Share Performance Operating Diluted EPS (non-GAAP) 1 $ per share 2Q26 operating diluted EPS of $0.76 $0.70 $0.70 $0.76 compared to $0.57 in $0.62 2Q25 $0.57 $0.54 $0.48 $0.47 Operating diluted EPS increased 58% from 3
Slide 24: Proven Profitability: Growing Operating Net Income
6 Proven Profitability: Growing Operating Net Resilient Financial Income Performance Operating Net Income (non-GAAP) 1 $ in thousands 2Q26 operating net $98,892 income increased $32.0 $90,920 $90,580 million compared to 2Q25 $74,072 $66,938 $60,921 $54,090 $53,331 2Q26 operating net income increased
Slide 25: Core Net Interest Income Growth and Core Margin Lift
6 Core Net Interest Income Growth and Core Resilient Financial Margin Lift Performance Core Net Interest Income (NII) and Core Margin (NIM) 1 $ in millions $277 $264 $267 2Q26 Core NII of $277 3.73% 3.86% million compared to $226 $209 $209 million in 2Q25, an 3.51% $192 $190 3.35% increase of 33% $1
Slide 26: Operating Efficiency Ratio Improving
6 Operating Efficiency Ratio Improving Resilient Financial Performance Operating Efficiency Ratio (non-GAAP) 1 68.0% 66.0% 66.0% 64.2% 64.0% 2Q26 Operating 62.0% 61.2% Efficiency Ratio of 56.2% 61.0% compared to 61.2% in 60.0% 58.9% 59.3% 2Q25 58.0% 57.8% 56.0% 56.2% 54.0% 3Q24 4Q24 1Q25 2Q25 3Q25 4
Slide 27: Capital Returns Trending Toward Historic Norms
6 Capital Returns Trending Toward Historic Norms Resilient Financial Performance Operating Return on Assets (ROA) Operating Return on Tangible Equity (ROTE) (non-GAAP) 1 (non-GAAP) 1 14.56% 1.26% 13.73% 13.74% 1.16% 1.11% 12.74% 11.95% 12.13% 1.01% 0.94% 10.67% 0.86% 10.44% 0.77% 0.78% 3Q24 4Q24 1Q2
Slide 28: Proven Track Record of Growing Assets
6 Proven Track Record of Growing Assets Resilient Financial Performance Asset Trends $ in millions $33,000 $31,978 $31,734 $31,599 $31,000 2Q26 Total Assets of $31.6 billion compared $29,005 to $29.0 billion in 2Q25 $29,000 $29,016 $28,206 $27,903 $27,859 $27,000 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2
Slide 29: Outstanding Liquidity Position is a Source of Strength
6 Outstanding Liquidity Position is a Source of Strength Resilient Financial Performance Available Liquidity of $16.4 Billion at June 30, 2026 Ready access to liquidity totaling Additional liquidity totaling $10.9 Billion $5.5 Billion • $8.2 billion in available borrowing capacity • Access to broker
Slide 30: Diversified & Granular Deposits Provide Stable Funding Base
6 Diversified & Granular Deposits Provide Stable Resilient Financial Funding Base Performance Deposit Granularity Deposit Composition as of 6/30/2026 • Retail: 755,965 accounts ; average balance = $12,004 • Commercial: 186,937 accounts ; average balance = $64,612 0% Relationship Length 15% • Weighte
Slide 31: Diversified Loan Portfolio Reduces Risk
6 Diversified Loan Portfolio Reduces Risk Resilient Financial Performance Loan Composition as of 6/30/2026 Loan Balance by State as of 6/30/2026 Montana 10% Idaho 4% 28% Utah 66% Residential Real Estate 8% CRE Washington Other Commerical Wyoming 17% HELOC 8% Other Consumer Colorado 7% Arizona 14% 5%
Slide 32: High-Quality CRE Portfolio
6 High -Quality CRE Portfolio Resilient Financial Performance Diversified and Low Risk Portfolio Total CRE by Occupancy Type as of 6/30/2026 • Owner occupied: $3.9 billion (18% of loan portfolio) • Non-owner occupied: $5.2 billion (24% of loan portfolio) 43% Owner Occupied 57% Non-Owner Occupied • S
Slide 33: High-Quality Investment Securities Portfolio Generates Significant Cashflow
6 High -Quality Investment Securities Portfolio Resilient Financial Generates Significant Cashflow Performance $1.7 billion of cashflow expected in 2026 Investment Portfolio Trends Composition as of 6/30/2026 $ in millions $7,600 $7,434 39% $7,400 $7,231 $7,200 $7,072 $7,118 $7,000 26% 18% $6,800 $6
Slide 34: Balanced Capital Allocation Strategy
6 Balanced Capital Allocation Strategy Resilient Financial Performance Dividend History Core Focus Areas: $ per share $1.30 $1.20 $1.10 $1.00 Shareholder $0.90 Organic Returns via M&A Growth Dividends $0.80 $0.70 $0.60 $0.50 The Company has declared 165 consecutive quarterly dividends 34
Slide 35: Non-GAAP Financial Measures and Reconciliations
Non -GAAP Financial Measures and Reconciliations (Dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Net Income $ 97,862 82,144 63,779 67,900 52,781 54,568 61,754 51,055 Operating adjustments (Gain) loss on securities - - - - - - - (26) BOLI proceeds (63) (776) (1,601) (251) - (1,114) (1)
Slide 36: Non-GAAP Financial Measures and Reconciliations – continued
Non -GAAP Financial Measures and Reconciliations – continued (Dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Core Net Interest Margin Net interest income (tax equivalent) $ 280,016 272,383 269,618 228,835 211,081 193,400 195,449 184,225 Purchase accounting (3,832) (5,140) (4,628) (2,3
Slide 37: Non-GAAP Financial Measures and Reconciliations – continued
Non -GAAP Financial Measures and Reconciliations – continued (Dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Return on Tangible Equity Total average stockholders’ equity $ 4,300,655 4,261,081 4,185,720 3,581,295 3,456,149 3,267,444 3,222,565 3,204,203 Less: goodwill and intangible ass
Slide 38: Non-GAAP Financial Measures and Reconciliations – continued
Non -GAAP Financial Measures and Reconciliations – continued (Dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Efficiency Ratio Non-interest expense $ 186,700 200,529 194,557 167,783 155,119 151,318 140,965 144,708 OREO expense (60) (16) (134) (65) (13) (18) (13) (1) Intangible amortiza
Slide 39: Glacier National Park, Montana
Glacier National Park, Montana 39