Glacier Bancorp, Inc. · NYSE:GBCI
Glacier Bancorp — Shareholder Meeting (May 2025)
22 slides from Glacier Bancorp's shareholder meeting presentation, May 2, 2025
Slide 1: 2025 Annual Meeting
2025 Annual Meeting
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: 17 Bank Divisions, 227 Locations
WY ID UT AZ NV WA CO MT • 17 Bank Divisions • 227 Locations (as of 3/31/2025) 3
Slide 4: 2024 Review
2024 Review @® Glacier Bancore 4
Slide 5: Asset Trends
$13,864 $18,504 $25,941 $26,635 $27,743 $27,903 $12,000 $14,000 $16,000 $18,000 $20,000 $22,000 $24,000 $26,000 $28,000 $30,000 2019 2020 2021 2022 2023 2024 • Total assets increased to $27.9 billion during 2024 Asset Trends (Dollars in millions) 5
Slide 6: Loan Trends
$9,513 $11,123 $13,432 $15,247 $16,198 $17,262 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 $16,000 $17,000 $18,000 2019 2020 2021 2022 2023 2024 • Gross loans increased $1.064 billion, or 7%, during 2024 with the largest increase in commercial real estate of $563 million, or 6% annualized
Slide 7: CET1 Capital Relative to Peers
11.00% 12.00% 13.00% CET1 ♦ 12.4% 12.7% Peers Glacier • Regulatory capital CET1 was 12.7% at December 31, 2024, which was well above the peer median♦ CET 1 Capital Relative to Peers ♦ Proxy Compensation Peer Group Median as of 12/31/2024 7
Slide 8: Ample Liquidity of $14.5 Billion at December 31, 2024
Ample Liquidity of $14.5 Billion at December 31, 2024 • Ready access to liquidity totaling $9.2 billion • $4.9 billion in available borrowing capacity o Federal Reserve: $1.9 billion o FHLB: $2.5 billion o Correspondent banks: $0.5 billion • $3.5 billion of unpledged marketable securities • Cash of
Slide 9: Deposit Trends
$10,776 $14,798 $21,337 $20,607 $19,929 $20,547 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000 $22,000 2019 2020 2021 2022 2023 2024 • During 2024: • total deposits increased $618 million, or 3% • core deposits also grew $618 million or 3%, • deposits and repurchase agreements increased $909 millio
Slide 10: Interest-Bearing Deposit Cost Relative to Peers
0.24% 0.15% 0.09% 0.11% 1.22% 1.92% 1.10% 0.53% 0.21% 0.58% 2.49% 3.17% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% Glacier Peers • Interest-bearing deposit cost increased to 1.92% at December 31, 2024 – still significantly better than the peer group at 3.17%. • Total deposit cost increased to 1
Slide 11: NPAs to Bank Assets
0.00% 0.10% 0.20% 0.30% 0.40% 2019 2020 2021 2022 2023 2024 0.27% 0.19% 0.12% 0.09% 0.10% • During 2024, NPAs increased $2.2 million to 0.10% of Bank assets compared to 0.09% of Bank assets in 2023 NPAs to Bank Assets 0.26% 11
Slide 12: Commitment to Our Communities
Within our 8 state footprint, our 17 community Bank divisions: 12 Commitment to Our Communities Volunteered over 33,000 hours with over 1,400 different organizations Originated over $660 million in community development loans Increased our community development investments by $80 million
Slide 13: Acquisition - Community Financial Group, Inc.
Acquisition - Community Financial Group, Inc. • The January 31, 2024 acquisition establishes a market- leading Eastern Washington franchise • The acquisition was consistent with Glacier’s long-term strategy of buying good banks in good markets with good people • A new bank division, Wheatland Bank,
Slide 14: Acquisition - Six Montana Branches of HTLF Bank
Acquisition - Six Montana Branches of HTLF Bank • On July 19, 2024, Glacier Bank completed the acquisition of six Montana branch locations of the Rocky Mountain Bank division of Heartland Financial USA, Inc. • The six branches Glacier Bank will acquire are located in : • The branches will join Glaci
Slide 15: Dividends Declared
$0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 • At December 31, 2024, Glacier’s dividend yield was 2.63% • The Company has declared 159 consecutive quarterly dividends Dividends Declared 15
Slide 16: Stock Performance 2024
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Slide 17: Glacier Bancorp, Inc. Valuation
17 Glacier Bancorp, Inc. Valuation Peer Median: 1.24x Peer Median: 10.8x Peer Median: 9.4x
Slide 18: A Definitive Ranking of Publicly Traded Banks
A Definitive Ranking of Publicly Traded Banks Every publicly traded bank ranked by all-time total shareholder return * Includes both dividends paid and share price appreciation ** Normalized to account for the time period that each bank has been publicly traded GBCI shares have been publicly traded
Slide 19: Looking Ahead
Looking Ahead @® Glacier Bancore 19
Slide 20: Bank of Idaho Holding Company Acquisition - Pending
Bank of Idaho Holding Company Acquisition - Pending • 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
Slide 21: 2025 Outlook
“Upward NIM Path Confirmed, Loan Growth to Build” • Jeff Rulis, D.A. Davidson “A Name to Consider Amid Broader Uncertainty” • David Feaster, Raymond James “NIM Inflection on Track” • Kelly Motta, KBW 2025 Outlook 21
Slide 22: Slide 22