Glacier Bancorp, Inc. · NYSE:GBCI
Glacier Bancorp — Investor Presentation (May 2026)
38 slides from Glacier Bancorp's investor presentation, May 5, 2026
Slide 1: Investor Presentation May 2026
Investor Presentation May 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 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: A Family of Market-Focused Community Banks
A Family of 18 Market-Focused Community Banks 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: 3 Streamlined under 1 banking charter and 1 technology platf
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
Why Glacier Bancorp Phoenix, Arizona 5 1 Differentiated, scalable community banking platform 2 Attractive footprint in high-growth U.S. markets 3 Strong team of division presidents with deep institutional and local market knowledge 4 High-quality balance sheet anchored by low-cost, stable core depos
Slide 6: Business Overview
Business Overview Reno, Nevada 6
Slide 7: Glacier Bancorp at a Glance
Glacier Bancorp at a Glance Glacier National Park, Montana 7 18 separately-branded bank divisions across nine states $4.2 billion Shareholder equity $21.0 billion Total Loans $31.7 billion Total Assets $24.7 billion Total Deposits Founded in 1955 282 banking offices $82.1 million Quarterly Net Incom
Slide 8: Community Banking, Built for the Future
Community Banking, Built for the Future 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 divisio
Slide 9: Customers Choose Glacier
Customers Choose Glacier 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
Slide 10: Operating in High-Growth, Resilient Markets
Operating in High-Growth, Resilient Markets 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 form
Slide 11: Strong Local Leadership
Strong Local Leadership 11 18 Years average tenure of Division Presidents 33 Years of average industry experience among Division Presidents Our Division Presidents bring deep local market insight and long-standing customer relationships, enabling faster decisions and more tailored solutions that dir
Slide 12: Best in Class Core Deposits
Best in Class Core Deposits Interest-Bearing Deposit Costs Well Below Peer Average 0.09% 0.11% 1.22% 1.92% 1.78% 1.81% 1.70% 0.21% 0.58% 2.49% 3.17% 2.73% 2.73% 2021 2022 2023 2024 2025 4Q25 1Q26 Glacier Peers Attractive Value Proposition Granular and Stable Diversified Deposit Base • Convenient, co
Slide 13: Superior Credit Quality
Superior Credit Quality Net Charge Offs as a % of Total Loans Provision for Credit Losses ACL as a % of Total Loans NPAs as a % Total Assets 0.02% 0.05% 0.07% 0.08% 0.06% 0.06% 0.06% 0.11% 0.09% 0.22% 0.28% 0.28% 0.26% 2021 2022 2023 2024 2025 4Q25 1Q26 GBCI Peers $23,076 $14,794 $28,306 $71,400 $19
Slide 14: Growth Strategy
Growth Strategy Grand Teton National Park, Wyoming 14
Slide 15: Track Record of Strong Organic Loan Growth
Downtown Ogden, Utah 15 Acquired Organic Overall $ Growth $10.8bn $9.2bn $20.0bn Growth Contribution 54% 46% Since 2000 Acquired Organic Overall $ Growth $8.4bn $7.3bn $15.7bn Growth Contribution 53% 47% $0.2 $0.1 $0.1 $0.2 $0.5 $0.9 $1.3 $1.7 $2.0 $1.8 $1.5 $1.2 $1.2 $1.4 $1.7 $2.0 $2.6 $3.2 $3.9 $
Slide 16: Disciplined and Effective M&A Strategy
Disciplined and Effective M&A Strategy with 28 Acquisitions Since 2000 16 5 Balanced Growth Strategy 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
Slide 17: Significant Runway of Acquisition Opportunities
Total Population: 46.0M Banks Between $500M – $10B: 194 Total Deposits Excl. Top 42: $821B Total Deposits: $1.6T Total Population: 24.7M Banks Between $500M – $10B: 57 Total Deposits Excl. Top 42: $444B Total Deposits: $703B MT, CO, ID, NV, UT, WA, WY AZ, NM, OK, TX SouthwestMountain West Total Asse
Slide 18: Strengthening competitive advantages by expanding relationships and market share
Strengthening competitive advantages by expanding relationships and market share 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 bran
Slide 19: Glacier's Business Model Drives Tangible Results
Glacier's Business Model Drives Tangible Results 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-averag
Slide 20: Financial Results, Balance Sheet, and Capital Returns
Financial Results, Balance Sheet, and Capital Returns Spokane, Washington 20
Slide 21: 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 22: Proven Profitability: Growing Operating Diluted Earnings Per Share
Proven Profitability: Growing Operating Diluted Earnings Per Share $0.43 $0.48 $0.53 $0.47 $0.57 $0.62 $0.69 $0.70 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Operating Diluted EPS (non-GAAP) 1 22 $ per share 1Q26 operating diluted EPS of $0.70 compared to $0.47 in 1Q25 Operating diluted EPS increased 6
Slide 23: Proven Profitability: Growing Operating Net Income
Proven Profitability: Growing Operating Net Income 23 1Q26 operating net income increased $37.2 million compared to 1Q25 Operating Net Income (non-GAAP) 1 $49,016 $54,103 $60,742 $53,341 $67,081 $73,994 $90,398 $90,548 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 $ in thousands 6 Resilient Financial Perf
Slide 24: Core Net Interest Income Growth and Core Margin Lift
Core Net Interest Income Growth and Core Margin Lift 1Q26 Core NII of $267 million compared to $190 million in 1Q25, an increase of 41% 1Q26 Core NIM of 3.73% compared to 2.98% in 1Q25, an increase of 75 basis points $167 $181 $192 $190 $209 $226 $264 $267 2.63% 2.79% 2.92% 2.98% 3.18% 3.35% 3.51% 3
Slide 25: Operating Efficiency Ratio Improving
Operating Efficiency Ratio Improving 1Q26 Operating Efficiency Ratio of 59.3% compared to 66.0% in 1Q25 Operating Efficiency Ratio (non-GAAP) 1 68.0% 64.2% 61.1% 66.0% 61.1% 58.9% 57.9% 59.3% 57.0% 59.0% 61.0% 63.0% 65.0% 67.0% 69.0% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 25 6 Resilient Financial P
Slide 26: Capital Returns Trending Toward Historic Norms
0.72% 0.77% 0.86% 0.78% 0.94% 1.01% 1.10% 1.16% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Capital Returns Trending Toward Historic Norms Operating Return on Assets (ROA) (non-GAAP) 1 Operating Return on Tangible Equity (ROTE) (non-GAAP) 1 10.07% 10.67% 11.92% 10.44% 12.16% 12.72% 13.65% 13.74% 2Q24 3Q
Slide 27: Proven Track Record of Growing Assets
Proven Track Record of Growing Assets Asset Trends 1Q26 Total Assets of $31.7 billion compared to $27.9 billion in 1Q25 $27,805 $28,206 $27,903 $27,859 $29,010 $29,016 $31,978 $31,734 $26,000 $28,000 $30,000 $32,000 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 27 $ in millions 6 Resilient Financial Perfo
Slide 28: Outstanding Liquidity Position is a Source of Strength
Outstanding Liquidity Position is a Source of Strength Available Liquidity of $16.3 Billion at March 31, 2026 $10.7 Billion • $7.7 billion in available borrowing capacity • Federal Reserve: $2.2 billion • FHLB: $5.0 billion • Correspondent banks: $0.5 billion • $1.6 billion of unpledged marketable s
Slide 29: Diversified & Granular Deposits Provide Stable Funding Base
30% 25% 13% 16% 16% 0% Non-Interest Bearing NOW and DDA Savings MMDA CDs Diversified & Granular Deposits Provide Stable Funding Base Deposit Composition as of 3/31/2026 Note: Metro refers to a population of 500,000 or more. 29 Deposit Granularity Composition Mix as of 3/31/2026 6 Resilient Financial
Slide 30: Diversified Loan Portfolio Reduces Risk
Diversified Loan Portfolio Reduces Risk Loan Composition as of 3/31/2026 Loan Balance by State as of 3/31/2026 10% 66% 17% 5% 2% Residential Real Estate CRE Other Commerical HELOC Other Consumer 28% 14% 13% 8% 7% 8% 8% 4% 10% Montana Idaho Utah Washington Wyoming Colorado Arizona Nevada Texas 30 6 R
Slide 31: High-Quality CRE Portfolio
High-Quality CRE Portfolio Diversified and Low Risk Portfolio Total CRE by Occupancy Type as of 3/31/2026 CRE Balance by State as of 3/31/2026 • Owner occupied: $3.9 billion (19% of loan portfolio) • Non-owner occupied: $5.1 billion (24% of loan portfolio) • Small average loan balance spread over a
Slide 32: High-Quality Investment Securities Portfolio Generates Significant Cashflow
High-Quality Investment Securities Portfolio Generates Significant Cashflow Investment Portfolio Trends 32 $7,434 $7,231 $7,072 $7,118 $6,644 $6,600 $6,800 $7,000 $7,200 $7,400 $7,600 1Q25 2Q25 3Q25 4Q25 1Q26 17% 2% 26% 40% 15% US Gov't & Federal Agency US Gov't Sponsored Enterprises State & Local G
Slide 33: Balanced Capital Allocation Strategy
$0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 Balanced Capital Allocation Strategy Dividend History 33 Core Focus Areas: M&A Shareholder Returns via Dividends Organic Growth The Company has declared 164 consecutive quarterly dividends $ per share 6 Resilient Financial Performance
Slide 34: Non-GAAP Financial Measures and Reconciliations
Non-GAAP Financial Measures and Reconciliations . 34 2Q243Q244Q241Q252Q253Q254Q251Q26(Dollars in thousands) 44,70851,05561,75454,56852,78167,90063,779$ 82,144Net Income Operating adjustments (826)18(238)14190(104)(693)(42)Loan interest (recovery) reversal 11(26)------(Gain) loss on securities --(1)(
Slide 35: Non-GAAP Financial Measures and Reconciliations – continued
Non-GAAP Financial Measures and Reconciliations – continued . 35 2Q243Q244Q241Q252Q253Q254Q251Q26(Dollars in thousands) Core Net Interest Margin 170,497184,225195,449193,400211,081228,835269,618$ 272,383Net interest income (tax equivalent) (2,299)(2,964)(2,976)(3,361)(2,103)(2,310)(4,628)(5,140)Purc
Slide 36: Non-GAAP Financial Measures and Reconciliations – continued
Non-GAAP Financial Measures and Reconciliations – continued . 36 2Q243Q244Q241Q252Q253Q254Q251Q26(Dollars in thousands) Return on Tangible Equity 3,117,2753,204,2033,222,5653,267,4443,456,1493,581,2954,185,720$ 4,261,081Total average stockholders’ equity (1,068,250)(1,092,632)(1,104,362)(1,100,801)(
Slide 37: Non-GAAP Financial Measures and Reconciliations – continued
Non-GAAP Financial Measures and Reconciliations – continued 37 2Q243Q244Q241Q252Q253Q254Q251Q26(Dollars in thousands) Efficiency Ratio 140,952144,708140,965151,318155,119167,783194,557$ 200,529Non-interest expense (142)(1)(13)(18)(13)(65)(134)(16)OREO expense (3,017)(3,367)(3,613)(3,270)(3,624)(3,81
Slide 38: Glacier National Park, Montana
38 Glacier National Park, Montana