Glacier Bancorp, Inc. · NYSE:GBCI
Glacier Bancorp — Merger or Acquisition (June 2025)
18 slides from Glacier Bancorp's merger presentation, Jun 24, 2025
Slide 1: Acquisition of Guaranty Bancshares
Acquisition of Established 1913 June 24, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain 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 Glacier Bancorp, Inc. (“the Company”)’s plans, objectives
Slide 3: Transaction Highlights
Transaction Highlights ▪ Glacier Bancorp, Inc. (NYSE: GBCI) will acquire Guaranty Bancshares, Inc. (NYSE: GNTY), the bank holding company for Guaranty Bank & Trust, a community bank headquartered in Mount Pleasant, Texas ‒ High-quality commercial banking franchise with $3.2 billion in assets and 33
Slide 4: Good Bank, Good Markets, Good People
Good Bank, Good Markets, Good People Good Bank ‒ 112 year-old community bank (IPO on May 9, 2017) ‒ Strong performance through cycles (most recent quarter ROAA of 1.13%) ‒ Net interest margin (most recent quarter NIM of 3.70%) ‒ Attractive deposit composition (31% noninterest bearing deposits to tot
Slide 5: Strategic Rationale
Strategic Rationale Mountain West Region ▪ Further expansion into fast growing Southwest Region Southwest Region ‒ Glacier entered the Southwest with the acquisition of Foothills Bank in 2017 MT, CO, ID, NV, UT, WA, WY AZ, NM, OK, TX ▪ Excellent future organic and M&A opportunities ▪ Perfect partner
Slide 6: State of Texas Overview
State of Texas Overview ▪ Attractive Growth & Demographics – Top 5 fastest growing state by population from 2020- 2025; expected to grow at over 2x the national rate from 2025-2030 – Median Household Income in the state is expected to grow over 10% from 2025-2030 – The Texas economy would be the 8th
Slide 7: Guaranty Bancshares Overview
Guaranty Bancshares Overview 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 throughout East Texas, Dallas/Fort Worth, Houston, Austin an
Slide 8: Dynamic & Diverse Operating Markets
Dynamic & Diverse Operating Markets Legacy East Texas (Chartered 1913) Dallas / Fort Worth (Entered 2015) Market Stats: Market Highlights: Market Stats: Market Highlights: ▪ Guaranty Market Deposits: $1.5 billion ▪ Steady core deposit markets with ▪ Guaranty Market Deposits: $584 million ▪ Largest &
Slide 9: Transaction Overview & Assumptions
Transaction Overview & Assumptions ▪ 100% stock consideration to GNTY common shareholders Consideration Mix ▪ 1.0000x shares of GBCI common stock for each GNTY share ▪ Each GNTY option will be converted to a GBCI option at the equivalent exchange ratio and strike price (2) ▪ $472.2 million to GNTY c
Slide 10: Valuation & Pro Forma Impact
Valuation & Pro Forma Impact Day 2 CECL No Day 2 (1) Valuation Pro Forma Impact Reserve CECL Reserve Projected 2026E EPS Accretion (2) Deal Value / Tangible Book Value per Share 162% 7.4% 5.1% (with 50% Cost Savings Phase-In) Projected 2027E EPS Accretion (2) Pay-to-Trade Ratio 75% 7.5% 5.9% (with 1
Slide 11: Concluding Observations
Concluding Observations ▪ The Guaranty acquisition continues Glacier’s tradition of adding high-quality community banks that align with Glacier’s model of partnering with good banks, in good markets, with good people ▪ Great time to further expand Glacier’s Southwest franchise: ‒ Texas has a high-gr
Slide 12: Glacier Bancorp is a Family of Banks
Glacier Bancorp is a Family of Banks Pro Forma for Guaranty Acquisition 9 States ● 18 Divisions ● 261 Locations 12
Slide 13: Appendix
Appendix 13
Slide 14: Comprehensive Due Diligence Process
Comprehensive Due Diligence Process Highlights Due Diligence Focus Areas ▪ Glacier team has significant acquisition and integration experience Commercial Lending ▪ Completed a coordinated, comprehensive due diligence review with executives Consumer Lending and Asset Quality from Glacier and Guaranty
Slide 15: Pro Forma Deposit Mix
Pro Forma Deposit Mix (1) Pro Forma Jumbo Time Jumbo Time Jumbo Time (> $250k) (> $250k) (> $250k) 5.9% 11.2% 6.5% Retail Time Retail Time (< $250k) (< $250k) 9.4% NIB 10.1% NIB Retail Time NIB Demand Demand Demand 29.4% (< $250k) 31.3% 29.6% 15.6% $21.7B $2.7B $24.4B Savings & MMDA NOW & Other Savi
Slide 16: Pro Forma Loan Composition
Pro Forma Loan Composition (1) Pro Forma Cons. & Cons. & Cons. & Other Other Other Ag. Prod. Ag. Prod. 7.5% 2.9% Ag. Prod. 7.1% 0.6% Resi. RE 2.2% Resi. RE 2.4% Resi. RE 20.3% C&I 20.8% 10.3% 25.4% C&I C&I 8.4% 8.6% Own. Occ. 14.0% Own. Occ. $18.3B C&D 10.6% $2.1B Own. Occ. 18.3% $20.4B C&D 10.6% 18
Slide 17: Exceptional Asset Quality
Exceptional Asset Quality Net Charge-Offs / Average Loans (%) GBCI GNTY U.S. Commercial Bank Industry Aggregates 2.67% 2.67% 2.26% 1.77% 1.64% 1.34% 1.41% 1.12% 0.70% 0.65% 0.62% 0.64% 0.56% 0.80% 0.49% 0.46% 0.48% 0.46% 0.49% 0.49% 0.50% 0.43% 0.43% 0.24% 0.26% 0.23% 0.20% 0.17% 0.11% 0.09% 0.12% 0
Slide 18: Important Information and Where You Can Find It
Important Information and Where You Can Find It This investor presentation relates to the proposed merger transaction involving Glacier and GNTY. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval.