Glacier Bancorp, Inc. · NYSE:GBCI
Glacier Bancorp — Investor Presentation (August 2026)
38 slides from Glacier Bancorp's investor presentation, Aug 3, 2026
Slide 1: Glacier Bancorp June 2026
ee a re <= June 2026... =. 8) Glacier Bancorp
Slide 2: 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 that are not historical fa
Slide 3: Geographically diversified footprint across Mountain West and Southwest
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: Streamlined under 1 banking charter and 1 technology platform
Slide 4: Our mission: premier banking franchise in the Mountain West
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 communities
Slide 5: Differentiated, scalable community banking platform
Differentiated, scalable community banking platform Attractive footprint in high-growth U.S. markets Strong team of division presidents with deep institutional and local market knowledge High-quality balance sheet anchored by low-cost, stable core deposits and superior credit quality Balanced growth
Slide 6: Business Overview
BUSINESS.) agi ew ee Overview HeritageBank-— reno, nevede 6
Slide 7: Glacier at a glance
18 separately-branded bank divisions across nine states $4.3 billion Shareholder equity $21.4 billion Total Loans $31.6 billion Total Assets $24.7 billion Total Deposits Founded in 1955 282 banking offices $97.9 million Quarterly Net Income $21.81 Tangible Book Value (TBV) per share A unique and dif
Slide 8: A powerful, local operating model backed by Glacier's scale
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 division to tailor pricing, products, and outre
Slide 9: What Customers Value Most
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” banks we used before. W
Slide 10: Above-average population growth and diversified economies
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 formation and small-business creation 3.9% Mount
Slide 11: Division Presidents tenure and experience
18 Years average tenure of Division Presidents 33 Years of average industry experience among Division Presidents Joining the Glacier Family of Banks was an enormous boost to our bank. It allowed us to have access to the resources of a $30 billion organization, while still providing timely local deci
Slide 12: Interest-bearing deposit costs below peer average
Interest-Bearing Deposit Costs Well Below Peer Average Attractive Value Proposition Granular and Stable Diversified Deposit Base • Convenient, community-based branch network • Low-cost, competitively priced products and solutions • High-quality, relationship-driven service model • Limited reliance o
Slide 13: Credit quality metrics
Net Charge Offs as a % of Total Loans Provision for Credit Losses ACL as a % of Total Loans NPAs as a % Total Assets
Slide 14: Growth
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Slide 15: Growth since 2000 and since 2015
Since 2000 Since 2015 (Ten Years)
Slide 16: Glacier is an acquirer of choice
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 and people High degree of certainty that the deal will close GBCI offers a premium currency Successf
Slide 17: M&A target opportunity by region
Total Population: 46.0M Banks Between $500M – $10B: 196 Total Deposits Excl. Top 42: $820B Total Deposits: $1.6T Total Population: 24.7M Banks Between $500M – $10B: 58 Total Deposits Excl. Top 42: $442B Total Deposits: $700B SouthwestMountain West Total Assets of Target Banks S.W. TotalOKTXNMAZM.W.
Slide 18: Organic growth strategy
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 branch locations, and established customer relationships Expand relationship-based co
Slide 19: Investment case summary
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-average organic growth within core markets Win customer
Slide 20: Financial Results, Balance Sheet, Capital Returns
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Slide 21: Non-GAAP financial measures
Certain financial measures and ratios the Company presents are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles (GAAP). The Company refers to these financial measures and ratios as “non-GAAP financial measures.” A
Slide 22: Operating Diluted EPS (non-GAAP)
Operating Diluted EPS (non-GAAP) 1 2Q26 operating diluted EPS of $0.76 compared to $0.57 in 2Q25 Operating diluted EPS increased 58% from 3Q24 through 2Q26, reflecting sustained earnings momentum
Slide 23: Operating Net Income (non-GAAP)
2Q26 operating net income increased $32.0 million compared to 2Q25 Operating Net Income (non-GAAP) 1 2Q26 operating net income increased $44.8 million compared to 3Q24
Slide 24: Core Net Interest Income and Core Margin
2Q26 Core NII of $277 million compared to $209 million in 2Q25, an increase of 33% 2Q26 Core NIM of 3.86% compared to 3.18% in 2Q25, an increase of 68 basis points Core Net Interest Income (NII) and Core Margin (NIM) 1
Slide 25: Operating Efficiency Ratio
2Q26 Operating Efficiency Ratio of 56.2% compared to 61.2% in 2Q25 Operating Efficiency Ratio (non-GAAP) 1
Slide 26: Operating ROA and Operating ROTE
Operating Return on Assets (ROA) (non-GAAP) 1 Operating Return on Tangible Equity (ROTE) (non-GAAP) 1
Slide 27: Asset Trends
Asset Trends 2Q26 Total Assets of $31.6 billion compared to $29.0 billion in 2Q25
Slide 28: Available Liquidity of $16.4 Billion
Available Liquidity of $16.4 Billion at June 30, 2026 $10.9 Billion • $8.2 billion in available borrowing capacity • Federal Reserve: $2.3 billion • FHLB: $5.4 billion • Correspondent banks: $0.5 billion • $1.6 billion of unpledged marketable securities • Cash of $1.1 billion • Access to brokered de
Slide 29: Deposit Composition
Deposit Composition as of 6/30/2026Deposit Granularity Composition Mix Relationship Length • Retail: 755,965 accounts ; average balance = $12,004 • Commercial: 186,937 accounts ; average balance = $64,612 • Weighted average relationship age: 16 years Rural Metro
Slide 30: Loan Composition
Loan Composition as of 6/30/2026 Loan Balance by State as of 6/30/2026
Slide 31: Diversified and Low Risk CRE Portfolio
Diversified and Low Risk Portfolio Total CRE by Occupancy Type as of 6/30/2026 CRE Balance by State • Owner occupied: $3.9 billion (18% of loan portfolio) • Non-owner occupied: $5.2 billion (24% of loan portfolio) • Small average loan balance spread over a wide geographic diversification • $957 thou
Slide 32: Investment Portfolio Trends
Investment Portfolio Trends $1.7 billion of cashflow expected in 2026 Composition as of 6/30/2026
Slide 33: Dividend History
Dividend HistoryCore Focus Areas: M&A Shareholder Returns via Dividends Organic Growth The Company has declared 165 consecutive quarterly dividends
Slide 34: Operating net income and EPS reconciliation
. 3Q244Q241Q252Q253Q254Q251Q262Q26(Dollars in thousands) 51,05561,75454,56852,78167,90063,77982,144$ 97,862Net Income Operating adjustments (26)-------(Gain) loss on securities -(1)(1,114)-(251)(1,601)(776)(63)BOLI proceeds (1,200)-------Individual OREO sale 3433752515446412,9462,7752,462Acquisition
Slide 35: Core net interest margin and ROA reconciliation
. 3Q244Q241Q252Q253Q254Q251Q262Q26(Dollars in thousands) Core Net Interest Margin 184,225195,449193,400211,081228,835269,618272,383$ 280,016Net interest income (tax equivalent) (2,964)(2,976)(3,361)(2,103)(2,310)(4,628)(5,140)(3,832)Purchase accounting 18(238)14190(104)(693)(42)825Non-accrual loan (
Slide 36: Return on tangible equity reconciliation
. 3Q244Q241Q252Q253Q254Q251Q262Q26(Dollars in thousands) Return on Tangible Equity 3,204,2033,222,5653,267,4443,456,1493,581,2954,185,7204,261,081$ 4,300,655Total average stockholders’ equity (1,092,632)(1,104,362)(1,100,801)(1,153,466)(1,184,370)(1,444,364)(1,481,187)(1,476,292)Less: goodwill and i
Slide 37: Efficiency ratio reconciliation
3Q244Q241Q252Q253Q254Q251Q262Q26(Dollars in thousands) Efficiency Ratio 144,708140,965151,318155,119167,783194,557200,529$ 186,700Non-interest expense (1)(13)(18)(13)(65)(134)(16)(60)OREO expense (3,367)(3,613)(3,270)(3,624)(3,813)(5,180)(4,799)(4,799)Intangible amortization 141,340137,339148,030151
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