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Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended September 30, 2025

1. GBCI net income rose 29% to $67.9 million this quarter. 2. Net interest income increased by 9% to $225 million. 3. Loan portfolio grew by 6% to $18.791 billion. 4. Acquisition of Guaranty Bank enhances Texas presence. 5. Quarterly dividend remains steady at $0.33 per share.

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Why Bullish?

GBCI's significant growth in net income and strong loan portfolio indicate robust financial health, likely prompting investor confidence. Historical patterns show similar performance boosts have led to increased stock prices.

How important is it?

The article's detailed financial performance metrics alongside the strategic acquisition enhance GBCI's growth narrative, attracting investors and influencing market dynamics.

Why Short Term?

The immediate market reaction is likely positive due to quarterly results and announced acquisitions, impacting stock prices in the near term.

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BOIDGNTY
3rd Quarter 2025 Highlights: Net income was $67.9 million for the current quarter, an increase of $15.1 million, or 29 percent, from the prior quarter net income of $52.8 million and an increase of $16.8 million, or 33 percent, from the prior year third quarter net income of $51.1 million.Diluted earnings per share for the current quarter was $0.57 per share, an increase of $0.12 per share, or 27 percent, from each of the prior quarter and the prior year third quarter diluted earnings per share of $0.45 per share.Net interest income of $225 million for the current quarter increased $17.8 million, or 9 percent, from the prior quarter net interest income of $208 million and increased $45.1 million, or 25 percent, from the prior year third quarter net interest income of $180 million.The loan portfolio of $18.791 billion at September 30, 2025 increased $258 million, or 6 percent annualized, from the prior quarter.Total deposits of $21.871 billion at September 30, 2025 increased $242 million, or 4 percent annualized, from the prior quarter.Non-interest bearing deposits of $6.674 billion increased $80.7 million, or 5 percent annualized, from the prior quarter.The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.39 percent, an increase of 18 basis points from the prior quarter net interest margin of 3.21 percent and an increase of 56 basis points from the prior year third quarter net interest margin of 2.83 percent.The loan yield of 5.97 percent in the current quarter increased 11 basis points from the prior quarter loan yield of 5.86 percent and increased 28 basis points from the prior year third quarter loan yield of 5.69 percent.The total earning asset yield of 4.86 percent in the current quarter increased 13 basis points from the prior quarter earning asset yield of 4.73 percent and increased 34 basis points from the prior year third quarter earning asset yield of 4.52 percent.The total cost of funding (including non-interest bearing deposits) of 1.58 percent in the current quarter decreased 5 basis point from the prior quarter total cost of funding of 1.63 percent and decreased 21 basis points form the prior year third quarter total cost of funding of 1.79 percent.The Company declared a quarterly dividend of $0.33 per share. The Company has declared 162 consecutive quarterly dividends and has increased the dividend 49 times.The Company completed the core system conversion of Bank of Idaho Holding Co., the bank holding company for Bank of Idaho (collectively, “BOID”) which had total assets of $1.365 billion as of the acquisition date of April 30, 2025. Year-to-Date 2025 Highlights Net income for the first nine months of 2025 was $175 million, an increase of $46.9 million, or 36 percent, from the prior year first nine months net income of $128 million.Diluted earnings per share for the first nine months of 2025 was $1.51 per share, an increase of 34 percent from the prior year first nine months diluted earnings per share of $1.13 per share.Net interest income of $623 million for the first nine months of 2025 increased $110 million, or 21 percent, from the prior year net interest income of $513 million.The loan portfolio increased $1.529 billion, or 9 percent, during the first nine months of 2025 and organically increased $454 million, or 3 percent, during the first nine months of 2025.Total deposits increased $1.324 billion, or 6 percent, during the first nine months of 2025 and organically increased $246 million, or 1 percent, during the first nine months of 2025.The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first nine months of 2025 was 3.21 percent, an increase of 51 basis points from the prior year first nine months net interest margin of 2.70 percent.Dividends declared in the first nine months of 2025 were $0.99 per share.On June, 24, 2025 the Company announced the signing of a definitive agreement to acquire Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”). The acquisition was completed on October 1, 2025 and expanded the Company’s southwest presence and its the first entrance into the state of Texas. Guaranty had total assets of $3.111 billion as of September 30, 2025. Financial Summary    At or for the Three Months ended At or for the Nine Months ended(Dollars in thousands, except per share and market data)Sep 30,2025 Jun 30,2025 Mar 31,2025 Sep 30,2024 Sep 30,2025 Sep 30,2024Operating results           Net income$67,900  52,781  54,568  51,055  175,249  128,390 Basic earnings per share$0.57  0.45  0.48  0.45  1.51  1.14 Diluted earnings per share$0.57  0.45  0.48  0.45  1.51  1.13 Dividends declared per share$0.33  0.33  0.33  0.33  0.99  0.99 Market value per share           Closing$48.67  43.08  44.22  45.70  48.67  45.70 High$50.54  44.70  52.81  47.71  52.81  47.71 Low$42.08  36.76  43.18  35.57  36.76  34.35 Selected ratios and other data           Number of common stock shares outstanding 118,552,847  118,550,475  113,517,944  113,394,786  118,552,847  113,394,786 Average outstanding shares - basic 118,552,231  116,890,776  113,451,199  113,394,758  116,316,754  113,093,583 Average outstanding shares - diluted 118,628,434  116,918,290  113,546,365  113,473,107  116,382,822  113,137,861 Return on average assets (annualized) 0.93%  0.74%  0.80%  0.73%  0.82%  0.62% Return on average equity (annualized) 7.52%  6.13%  6.77%  6.34%  6.82%  5.47% Efficiency ratio 62.05%  62.08%  65.49%  64.92%  63.12%  68.98% Loan to deposit ratio 86.11%  85.91%  83.64%  83.16%  86.11%  83.16% Number of full time equivalent employees 3,649  3,665  3,457  3,434  3,649  3,434 Number of locations 248  247  227  232  248  232 Number of ATMs 298  300  286  279  298  279  KALISPELL, Mont., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $67.9 million for the current quarter, an increase of $15.1 million, or 29 percent from the prior quarter net income of $52.8 million and an increase of $16.8 million, or 33 percent, from the $51.1 million of net income for the prior year third quarter. Diluted earnings per share for the current quarter was $0.57 per share, an increase of 27 percent from the prior quarter and prior year third quarter diluted earnings per share of $0.45 per share. The current quarter included $7.0 million in acquisition-related expenses. “We are pleased with the continuation of very favorable trends across the Company and the strong results we reported this quarter,” said Randy Chesler, President and Chief Executive Officer. “We closed our acquisition of Guaranty Bank in Texas on October 1 and look forward to expanding into Texas with the impressive Guaranty team leading the way.” Net income for the first nine months of 2025 was $175 million, an increase of $46.9 million, or 36 percent, from the prior year first nine months net income of $128 million. Diluted earnings per share for the first nine months of 2025 was $1.51 per share, an increase of 34 percent from the prior year first nine months diluted earnings per share of $1.13 per share. On April 30, 2025, the Company completed the acquisition of BOID, which had 15 branches across eastern Idaho, Boise and eastern Washington. Upon the core system conversion in the third quarter of 2025, the BOID operations joined three existing Glacier Bank divisions. The Eastern Idaho operations of Bank of Idaho joined Citizens Community Bank, the Boise operations joined Mountain West Bank and the Eastern Washington operations joined Wheatland Bank. The Company’s results of operations and financial condition include the BOID acquisition beginning on the acquisition date. The following table discloses the preliminary fair value estimates of select classifications of assets and liabilities acquired:  BOID(Dollars in thousands)April 30,2025Total assets$1,364,640Cash and cash equivalents 26,127Debt securities 139,974Loans receivable 1,075,232Non-interest bearing deposits 271,385Interest bearing deposits 806,992Borrowings and subordinated debt 71,932Core deposit intangible 19,758Goodwill 70,083 Asset Summary          $ Change from(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Jun 30,2025 Dec 31,2024 Sep 30,2024Cash and cash equivalents$854,244  915,507  848,408  987,833  (61,263) 5,836  (133,589)Debt securities, available-for-sale 3,916,189  4,024,980  4,245,205  4,436,578  (108,791) (329,016) (520,389)Debt securities, held-to-maturity 3,155,901  3,206,133  3,294,847  3,348,698  (50,232) (138,946) (192,797)Total debt securities 7,072,090  7,231,113  7,540,052  7,785,276  (159,023) (467,962) (713,186)Loans receivable             Residential real estate 1,926,448  1,931,554  1,858,929  1,837,697  (5,106) 67,519  88,751 Commercial real estate 12,045,446  11,935,109  10,963,713  10,833,841  110,337  1,081,733  1,211,605 Other commercial 3,451,177  3,303,889  3,119,535  3,177,051  147,288  331,642  274,126 Home equity 980,472  975,429  930,994  931,440  5,043  49,478  49,032 Other consumer 387,443  386,759  388,678  401,158  684  (1,235) (13,715)Loans receivable 18,790,986  18,532,740  17,261,849  17,181,187  258,246  1,529,137  1,609,799 Allowance for credit losses (229,077) (226,799) (206,041) (205,170) (2,278) (23,036) (23,907)Loans receivable, net 18,561,909  18,305,941  17,055,808  16,976,017  255,968  1,506,101  1,585,892 Other assets 2,527,384  2,552,422  2,458,719  2,456,643  (25,038) 68,665  70,741 Total assets$29,015,627  29,004,983  27,902,987  28,205,769  10,644  1,112,640  809,858  The Company continues to maintain a strong cash position of $854 million at September 30, 2025 which was a decrease of $61 million over the prior quarter and a decrease of $134 million over the prior year third quarter. Total debt securities of $7.072 billion at September 30, 2025 decreased $159 million, or 2 percent, during the current quarter and decreased $713 million, or 9 percent, from the prior year third quarter. Debt securities represented 24 percent of total assets at September 30, 2025 compared to 25 percent at June 30, 2025 and 28 percent at September 30, 2024. The loan portfolio of $18.791 billion at September 30, 2025 increased $258 million, or 6 percent annualized, during the current quarter. The loan category with the largest dollar increase during the current quarter was other commercial loans which increased $147 million, or 4 percent over the prior quarter. Excluding the BOID acquisition, the loan portfolio organically increased $535 million, or 3 percent, since the prior year third quarter. Excluding the acquisition, the loan category with the largest dollar increase in the last twelve months was commercial real estate which increased $481 million, or 4 percent. Credit Quality Summary  At or for the Nine Months ended At or for the Six Months ended At or for the Year ended At or for the Nine Months ended(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024Allowance for credit losses       Balance at beginning of period$206,041  206,041  192,757  192,757 Acquisitions 35  35  3  3 Provision for credit losses 29,355  24,163  27,179  21,138 Charge-offs (11,276)  (7,236)  (18,626)  (12,406) Recoveries 4,922  3,796  4,728  3,678 Balance at end of period$229,077  226,799  206,041  205,170 Provision for credit losses       Loan portfolio$29,355  24,163  27,179  21,138 Unfunded loan commitments 6,382  3,918  1,127  (1,366) Total provision for credit losses$35,737  28,081  28,306  19,772 Other real estate owned$1,376  1,737  1,085  432 Other foreclosed assets 37  142  79  201 Accruing loans 90 days or more past due 7,449  11,371  6,177  11,551 Non-accrual loans 45,450  35,356  20,445  15,937 Total non-performing assets$54,312  48,606  27,786  28,121 Non-performing assets as a percentage of subsidiary assets 0.19% 0.17% 0.10% 0.10%Allowance for credit losses as a percentage of non-performing loans 433% 485% 774% 730%Allowance for credit losses as a percentage of total loans 1.22% 1.22% 1.19% 1.19%Net charge-offs as a percentage of total loans 0.03% 0.02% 0.08% 0.05%Accruing loans 30-89 days past due$39,524  54,403  32,228  56,213 U.S. government guarantees included in non-performing assets$12,262  2,651  748  1,802  Non-performing assets as a percentage of subsidiary assets at September 30, 2025 was 0.19 percent compared to 0.17 percent in the prior quarter and 0.10 percent in the prior year third quarter. Non-performing assets of $54.3 million at September 30, 2025 increased $5.7 million, or 12 percent, over the prior quarter and increased $26.2 million, or 93 percent, over the prior year third quarter. Early stage delinquencies (accruing loans 30-89 days past due) as a percentage of loans at September 30, 2025 were 0.21 percent compared to 0.29 percent for the prior quarter end and 0.33 percent for the prior year third quarter. Early stage delinquencies of $39.5 million at September 30, 2025 decreased $14.9 million from the prior quarter and decreased $16.7 million from the prior year third quarter. The current quarter provision for credit loss expense of $7.7 million included $5.2 million of credit loss expense on loans and $2.5 million of credit loss expense on unfunded loan commitments from the acquisition. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at September 30, 2025 and June 30, 2025 compared to 1.19 percent at September 30, 2024. Loan portfolio growth, composition, average loan size, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the ACL on loans.  Credit Quality Trends and Provision for Credit Losses on the Loan Portfolio (Dollars in thousands)Provision forCredit LossesLoans Net Charge-Offs ACLas a Percentof Loans AccruingLoans 30-89Days Past Dueas a Percent ofLoans Non-PerformingAssets toTotal SubsidiaryAssetsThird quarter 2025$5,192 $2,914 1.22% 0.21% 0.19%Second quarter 2025 18,009  1,645 1.22% 0.29% 0.17%First quarter 2025 6,154  1,795 1.22% 0.27% 0.14%Fourth quarter 2024 6,041  5,170 1.19% 0.19% 0.10%Third quarter 2024 6,981  2,766 1.19% 0.33% 0.10%Second quarter 2024 5,066  2,890 1.19% 0.29% 0.06%First quarter 2024 9,091  3,072 1.19% 0.37% 0.09%Fourth quarter 2023 4,181  3,695 1.19% 0.31% 0.09% Net charge-offs for the current quarter were $2.9 million compared to $1.6 million in the prior quarter and $2.8 million for the prior year third quarter. The current quarter net charge-offs included $1.8 million in deposit overdraft net charge-offs and $1.1 million of net loan charge-offs. Supplemental information regarding credit quality and identification of the Company’s loan portfolio based on the regulatory classification of loans is provided in the exhibits at the end of this press release. The regulatory classification of loans is based primarily on collateral type while the Company’s loan segments presented herein are based on the purpose of the loan. Liability Summary          $ Change from(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Jun 30,2025 Dec 31,2024 Sep 30,2024Deposits             Non-interest bearing deposits$6,674,441 6,593,728 6,136,709 6,407,728 80,713  537,732  266,713 NOW and DDA accounts 5,805,816 5,747,388 5,543,512 5,363,476 58,428  262,304  442,340 Savings accounts 3,049,753 2,956,387 2,845,124 2,801,077 93,366  204,629  248,676 Money market deposit accounts 3,137,810 3,089,115 2,878,213 2,854,540 48,695  259,597  283,270 Certificate accounts 3,199,825 3,238,576 3,139,821 3,284,609 (38,751) 60,004  (84,784)Core deposits, total 21,867,645 21,625,194 20,543,379 20,711,430 242,451  1,324,266  1,156,215 Wholesale deposits 3,304 3,308 3,615 3,334 (4) (311) (30)Deposits, total 21,870,949 21,628,502 20,546,994 20,714,764 242,447  1,323,955  1,156,185 Repurchase agreements 2,004,286 1,976,228 1,777,475 1,831,501 28,058  226,811  172,785 Deposits and repurchase agreements, total 23,875,235 23,604,730 22,324,469 22,546,265 270,505  1,550,766  1,328,970 Federal Home Loan Bank advances 895,022 1,255,088 1,800,000 1,800,000 (360,066) (904,978) (904,978)Other borrowed funds 78,180 81,771 83,341 84,168 (3,591) (5,161) (5,988)Subordinated debentures 157,379 157,127 133,105 133,065 252  24,274  24,314 Other liabilities 401,523 374,003 338,218 397,221 27,520  63,305  4,302 Total liabilities$25,407,339 25,472,719 24,679,133 24,960,719 (65,380) 728,206  446,620  Total deposits of $21.871 billion at September 30, 2025 increased $242 million, or 4 percent annualized, during the current quarter and non-interest bearing deposits of $6.674 billion increased $80.7 million, or 5 percent annualized, from the prior quarter. Total deposits at September 30, 2025 increased $1.324 billion, or 6 percent, from the prior year end and organically increased $246 million, or 1 percent, from the prior year end. Non-interest bearing deposits at September 30, 2025 increased $538 million, or 9 percent, from the prior year end and organically increased $266 million, or 4 percent, from the prior year end. Non-interest bearing deposits represented 31 percent of total deposits at September 30, 2025 compared to 30 percent at December 31, 2024 and 31 percent at September 30, 2024. Federal Home Loan Bank (“FHLB”) advances of $895 million decreased $360 million, or 29 percent, from the prior quarter and decreased $905 million, or 50 percent, from the prior year third quarter. Subordinated debentures of $157 million increased $24.0 million, or 18 percent, from the prior year end as a result of the acquisition of BOID. Stockholders’ Equity Summary          $ Change from(Dollars in thousands, except per share data)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Jun 30,2025 Dec 31,2024 Sep 30,2024Common equity$3,801,178  3,770,919  3,533,150  3,507,356  30,259 268,028  293,822 Accumulated other comprehensive loss (192,890) (238,655) (309,296) (262,306) 45,765 116,406  69,416 Total stockholders’ equity 3,608,288  3,532,264  3,223,854  3,245,050  76,024 384,434  363,238 Goodwill and intangibles, net (1,182,536) (1,186,350) (1,102,500) (1,106,336) 3,814 (80,036) (76,200)Tangible stockholders’ equity$2,425,752  2,345,914  2,121,354  2,138,714  79,838 304,398  287,038  Stockholders’ equity to total assets 12.44% 12.18% 11.55% 11.50%        Tangible stockholders’ equity to total tangible assets 8.72% 8.43% 7.92% 7.89%        Book value per common share$30.44  29.80  28.43  28.62  0.64 2.01  1.82 Tangible book value per common share$20.46  19.79  18.71  18.86  0.67 1.75  1.60  Tangible stockholders’ equity of $2.426 billion at September 30, 2025 increased $79.8 million, or 3 percent, compared to the prior quarter and was primarily due to a decrease in other comprehensive loss and earnings retention. Tangible stockholders’ equity at September 30, 2025 increased $304 million, or 14 percent, compared to the prior year end and was primarily due to $205 million of Company stock issued in connection with the acquisition of BOID and a $116 million decrease in other comprehensive loss. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the BOID acquisition. Tangible book value per common share of $20.46 at the current quarter end increased $0.67 per share, or 3 percent, from the prior quarter and increased $1.60 per share, or 8 percent, from the prior year third quarter. Cash DividendsOn September 22, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable October 16, 2025 to shareholders of record on October 7, 2025. The dividend was the Company’s 162nd consecutive regular dividend. Future cash dividends will depend on a variety of factors, including net income, capital, asset quality, general economic conditions and regulatory considerations. Operating Results for Three Months Ended September 30, 2025 Compared to June 30, 2025, March 31, 2025, and September 30, 2024 Income Summary  Three Months ended $ Change from(Dollars in thousands)Sep 30,2025 Jun 30,2025 Mar 31,2025 Sep 30,2024 Jun 30,2025 Mar 31,2025 Sep 30,2024Net interest income             Interest income$325,003  308,115  289,925  289,578  16,888  35,078  35,425 Interest expense 99,624  100,499  99,946  109,347  (875) (322) (9,723)Total net interest income 225,379  207,616  189,979  180,231  17,763  35,400  45,148 Non-interest income             Service charges and other fees 21,460  20,405  18,818  20,587  1,055  2,642  873 Miscellaneous loan fees and charges 5,123  5,067  4,664  4,970  56  459  153 Gain on sale of loans 5,027  4,273  4,311  4,898  754  716  129 Gain on sale of securities —  —  —  26  —  —  (26)Other income 3,742  3,199  4,849  4,223  543  (1,107) (481)Total non-interest income 35,352  32,944  32,642  34,704  2,408  2,710  648 Total income$260,731  240,560  222,621  214,935  20,171  38,110  45,796 Net interest margin (tax-equivalent) 3.39% 3.21% 3.04% 2.83%       Net Interest IncomeNet interest income of $225 million for the current quarter increased $17.8 million, or 9 percent, from the prior quarter net interest income of $208 million and increased $45.1 million, or 25 percent, from the prior year third quarter net interest income of $180 million. The current quarter interest income of $325 million increased $16.9 million, or 5 percent, over the prior quarter and increased $35.4 million, or 12 percent, over the prior year third quarter, both increases primarily due to the increase in the loan yields and the increase in average balances of the loan portfolio. The loan yield of 5.97 percent in the current quarter increased 11 basis points from the prior quarter loan yield of 5.86 percent and increased 28 basis points from the prior year third quarter loan yield of 5.69 percent. The current quarter interest expense of $100 million decreased $875 thousand or 87 basis points, from the prior quarter and was primarily attributable to a decrease in average borrowings. The current quarter interest expense decreased $9.7 million, or 9 percent, from the prior year third quarter and was primarily the result of lower average wholesale borrowings and a decrease in deposit costs. Deposit cost (including non-interest bearing deposits) decreased to 1.23 percent in the current quarter compared to 1.25 percent in the prior quarter and 1.37 percent in the prior year third quarter. The total cost of funding (including non-interest bearing deposits) of 1.58 percent in the current quarter decreased 5 basis points from the prior quarter and decreased 21 basis points from the prior year third quarter. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.39 percent, an increase of 18 basis points from the prior quarter net interest margin of 3.21 percent and was primarily driven by an increase in loan yields and a decrease in total cost of funding. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was an increase of 56 basis points from the prior year third quarter net interest margin of 2.83 percent and was also primarily driven by the increase in loan yields and the decrease in total cost of funding. Core net interest margin excludes the impact from discount accretion and non-accrual interest. Excluding the 4 basis points from discount accretion, the core net interest margin was 3.35 percent in the current quarter compared to 3.18 percent in the prior quarter and 2.79 percent in the prior year third quarter. “The continued remix of lower yield securities cash flow into higher yield loans combined with the continued reduction in the cost of deposits and wholesale funding were a primary driver of the 18 basis points increase in the net interest margin for the current quarter,” said Ron Copher, Chief Financial Officer. Non-interest IncomeNon-interest income for the current quarter totaled $35.4 million, which was an increase of $2.4 million, or 7 percent, over the prior quarter and an increase of $648 thousand, or 2 percent, over the prior year third quarter. Service charges and other fees of $21.5 million for the current quarter increased $1.1 million, or 5 percent, compared to the prior quarter and increased $873 thousand, or 4 percent, compared to the prior year third quarter. Gain on the sale of residential loans of $5.0 million for the current quarter increased $754 thousand, or 18 percent, compared to the prior quarter and increased $129 thousand, or 3 percent, from the prior year third quarter. Non-interest Expense Summary  Three Months ended $ Change from(Dollars in thousands)Sep 30,2025 Jun 30,2025 Mar 31,2025 Sep 30,2024 Jun 30,2025 Mar 31,2025 Sep 30,2024Compensation and employee benefits$96,498 94,355 91,443 85,083 2,143  5,055 11,415Occupancy and equipment 13,236 12,558 12,294 11,989 678  942 1,247Advertising and promotions 4,620 4,394 4,144 4,062 226  476 558Data processing 10,634 9,883 9,138 9,196 751  1,496 1,438Other real estate owned and foreclosed assets 63 26 63 13 37  — 50Regulatory assessments and insurance 5,799 5,847 5,534 5,150 (48) 265 649Intangibles amortization 3,813 3,624 3,270 3,367 189  543 446Other expenses 33,120 24,432 25,432 25,848 8,688  7,688 7,272Total non-interest expense$167,783 155,119 151,318 144,708 12,664  16,465 23,075 Total non-interest expense of $168 million for the current quarter increased $12.7 million, or 8 percent, over the prior quarter and increased $23.1 million, or 16 percent, over the prior year third quarter and was primarily from increased costs from the acquisitions. Compensation and employee benefits of $96.5 million increased by $2.1 million, or 2 percent, over the prior quarter. Compensation and employee benefits increased $11.4 million, or 13 percent, from the prior year third quarter and was primarily driven by annual salary increases and increases in staffing levels from the current year acquisition. Other expenses of $33.1 million increased $8.7 million, or 36 percent, from the prior quarter and increased $7.3 million, or 28 percent, from the prior year third quarter, both increases primarily attributable to current quarter acquisition related-expenses and prior quarter and prior year third quarter gains on sale of former branch facilities. Acquisition-related expense was $7.0 million in the current quarter compared to $3.2 million in the prior quarter and $1.9 million in the prior year third quarter. The other expenses included $1.6 million of gain from the sale of a former branch facility in the prior quarter and $619 thousand in the prior year third quarter. Federal and State Income Tax Expense Tax expense during the third quarter of 2025 was $17.4 million, an increase of $5.0 million, or 40 percent, compared to the prior quarter and an increase of $6.2 million, or 56 percent, from the prior year third quarter. The effective tax rate in the current quarter was 20.4 percent compared to 19.0 percent in the prior quarter and 17.9 percent in the prior year third quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter was primarily the result of an increase in income before income tax expense in the current quarter. Efficiency RatioThe efficiency ratio was 62.05 percent in the current quarter compared to 62.08 percent in the prior quarter and 64.92 percent in the prior year third quarter. The decrease from the prior quarter and the prior year third quarter was principally driven by the increase in net interest income which outpaced the increase in non-interest expense. Operating Results for Nine Months Ended September 30, 2025Compared to September 30, 2024 Income Summary  Nine Months ended  (Dollars in thousands)Sep 30,2025 Sep 30,2024 $ Change % ChangeNet interest income       Interest income$923,043  $842,814  $80,229  10%Interest expense 300,069   329,625   (29,556) (9)%Total net interest income 622,974   513,189   109,785  21%Non-interest income       Service charges and other fees 60,683   58,572   2,111  4%Miscellaneous loan fees and charges 14,854   14,153   701  5%Gain on sale of loans 13,611   12,929   682  5%Gain on sale of securities —   30   (30) (100)%Other income 11,790   11,213   577  5%Total non-interest income 100,938   96,897   4,041  4%Total Income$723,912  $610,086  $113,826  19%Net interest margin (tax-equivalent) 3.21%  2.70%     Net Interest IncomeNet interest income of $623 million for the first nine months of 2025 increased $110 million, or 21 percent, from the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $923 million for the first nine months of 2025 increased $80.2 million, or 10 percent, from the prior year and was primarily attributable to the increase in the loan portfolio and an increase in loan yields. The loan yield was 5.87 percent during the first nine months of 2025, an increase of 29 basis points from the prior year first nine months loan yield of 5.58 percent. Interest expense of $300 million for the first nine months of 2025 decreased $30 million, or 9 percent, from the same period in the prior year and was primarily the result of lower interest rates on deposits and a decreases in higher cost borrowings. Deposit cost (including non-interest bearing deposits) was 1.24 percent for the first nine months of 2025, which was a decrease of 12 basis points from the first nine months of the prior year deposit costs of 1.36 percent. The total funding cost (including non-interest bearing deposits) for the first nine months of 2025 was 1.63 percent, which was a decrease of 18 basis points over the first nine months of the prior year funding cost of 1.81 percent. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first nine months of 2025 was 3.21 percent, a 51 basis points increase from the net interest margin of 2.70 percent for the first nine months of the prior year. Excluding the 4 basis points from discount accretion, the core net interest margin was 3.17 percent in the first nine months of the current year compared to 2.65 percent in the prior year first nine months. The increase in net interest margin from the prior year was primarily driven by increased loan yields and decreased funding costs combined with a shift in earning asset mix to higher yielding loans and a shift in funding liabilities to lower cost deposits. Non-interest Income   Non-interest income of $101 million for the first nine months of 2025 increased $4.0 million, or 4 percent, over the same period last year. Service charges and other fees of $60.7 million for the first nine months of 2025 increased $2.1 million, or 4 percent, over the first nine months of the prior year. Gain on sale of residential loans of $13.6 million for the first nine months of 2025 increased by $682 thousand, or 5 percent, over the first nine months of the prior year. Other income of $11.8 million for the first nine months of 2025 increased $577 thousand over the prior year first nine months. Non-interest Expense Summary  Nine Months ended    (Dollars in thousands)Sep 30,2025 Sep 30,2024 $ Change % ChangeCompensation and employee benefits$282,296 $255,306 $26,990  11%Occupancy and equipment 38,088  35,466  2,622  7%Advertising and promotions 13,158  12,407  751  6%Data processing 29,655  27,742  1,913  7%Other real estate owned and foreclosed assets 152  187  (35) (19)%Regulatory assessments and insurance 17,180  18,304  (1,124) (6)%Core deposit intangibles amortization 10,707  9,144  1,563  17%Other expenses 82,984  78,947  4,037  5%Total non-interest expense$474,220 $437,503 $36,717  8% Total non-interest expense of $474 million for the first nine months of 2025 increased $36.7 million, or 8 percent, over the same period in the prior year. Compensation and employee benefits expense of $282 million in the first nine months of 2025 increased $27.0 million, or 11 percent, over the same period in the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Regulatory assessment and insurance expense of $17.2 million for the first nine months of 2025 decreased $1.1 million, or 6 percent, from the prior year first nine months primarily as a result of adjustments to the FDIC special assessment. Other expenses of $83.0 million for the first nine months of 2025 increased $4.0 million, or 5 percent, from the first nine months of the prior year. Included in other expenses was $9.3 million of acquisition-related expenses in the first nine months of the current year compared to $7.8 million in the same period in the prior year. Provision for Credit Losses The provision for credit loss expense was $35.7 million for the first nine months of 2025, an increase of $16.0 million, or 81 percent, over the same period in the prior year. Included in the current year provision for credit losses was $16.7 million from the acquisition of BOID and included in the prior year was $9.7 million from acquisitions in the prior year. Net charge-offs for the first nine months of 2025 were $6.4 million compared to $8.7 million in the first nine months of 2024. Federal and State Income Tax ExpenseTax expense of $38.7 million for the first nine months of 2025 increased $14.3 million, or 58 percent, over the same period in the prior year. The effective tax rate for the first nine months of 2025 was 18.1 percent compared to 16.0 percent for the same period in the prior year. The increase in tax expense and the increase in the effective tax rate was the primarily the result of an increase in the pre-tax income. Efficiency RatioThe efficiency ratio was 63.12 percent for the first nine months of 2025 compared to 68.98 percent for the same period of 2024. The decrease from the prior year was primarily attributable to the increase in net interest income that outpaced the increase in non-interest expense. Forward-Looking Statements   This news release 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 the Company’s plans, objectives, expectations and intentions that are not historical facts, and other statements identified by words such as “expects,” “anticipates,” “will,” “intends,” “plans,” “believes,” “should,” “projects,” “seeks,” “estimates” or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are based on assumptions that are subject to change. The following factors, among others, could cause actual results to differ materially from the anticipated results (express or implied) or other expectations in the forward-looking statements, including those made in this news release: risks associated with lending and potential adverse changes in the credit quality of the Company’s loan portfolio;changes in monetary and fiscal policies, including interest rate policies of the Federal Reserve Board, which could adversely affect the Company’s net interest income and margin, the fair value of its financial instruments, profitability, and stockholders’ equity;legislative or regulatory changes, including increased FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increased banking and consumer protection regulations, that may adversely affect the Company’s business and strategies;risks related to overall economic conditions, including the impact on the current government shutdown, economy of an uncertain interest rate environment, inflationary pressures, recently passed legislation and the potential for significant additional changes in economic and trade policies in the current administration;risks to the Company’s business and the business of the Company’s customers arising from current or future tariffs or other trade restrictions, labor or supply chain issues, change in labor force, or geopolitical instability, including the wars in Ukraine and the Middle East;risks associated with the Company’s ability to negotiate, complete, and successfully integrate pending or future acquisitions;costs or difficulties related to the completion and integration of future or recently completed acquisitions;impairment of the goodwill recorded by the Company in connection with acquisitions, which may have an adverse impact on earnings and capital;reduction in demand for banking products and services, whether as a result of changes in customer behavior, economic conditions, banking environment, or competition;deterioration of the reputation of banks and the financial services industry, which could adversely affect the Company's ability to obtain and maintain customers;changes in the competitive landscape, including as may result from new market entrants or further consolidation in the financial services industry, resulting in the creation of larger competitors with greater financial resources;risks presented by public stock market volatility, which could adversely affect the market price of the Company’s common stock and the ability to raise additional capital or grow through acquisitions;risks associated with dependence on the Chief Executive Officer, the senior management team and the Presidents of Glacier Bank’s divisions;material failure, potential interruption or breach in security of the Company’s systems or changes in technology which could expose the Company to cybersecurity risks, fraud, system failures, or direct liabilities;risks related to natural disasters, including droughts, fires, floods, earthquakes, pandemics, and other unexpected events;success in managing risks involved in any of the foregoing; andeffects of any reputational damage to the Company resulting from any of the foregoing. The Company does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that actual results are likely to differ materially from those expressed in such forward-looking statement. Conference Call InformationA conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, October 17, 2025. Please note that our conference call host no longer offers a general dial-in number. Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register-conf.media-server.com/register/BIcf9199709f3c486a8bbce1cc1984ca38. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/cmgx4jbr.  About Glacier Bancorp, Inc.Glacier Bancorp, Inc. (NYSE: GBCI), a member of the Russell 2000® and the S&P MidCap 400® indices, is the parent company for Glacier Bank and its Bank divisions located across its nine state footprint: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Guaranty Bank (Mount Pleasant, Texas), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA). CONTACT: Randall M. Chesler, CEO(406) 751-4722Ron J. Copher, CFO(406) 751-7706 Glacier Bancorp, Inc.Unaudited Condensed Consolidated Statements of Financial Condition (Dollars in thousands, except per share data)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024Assets       Cash on hand and in banks$312,506  375,398  268,746  342,105 Interest bearing cash deposits 541,738  540,109  579,662  645,728 Cash and cash equivalents 854,244  915,507  848,408  987,833 Debt securities, available-for-sale 3,916,189  4,024,980  4,245,205  4,436,578 Debt securities, held-to-maturity 3,155,901  3,206,133  3,294,847  3,348,698 Total debt securities 7,072,090  7,231,113  7,540,052  7,785,276 Loans held for sale, at fair value 42,668  47,738  33,060  46,126 Loans receivable 18,790,986  18,532,740  17,261,849  17,181,187 Allowance for credit losses (229,077) (226,799) (206,041) (205,170)Loans receivable, net 18,561,909  18,305,941  17,055,808  16,976,017 Premises and equipment, net 427,271  426,801  411,968  408,809 Right-of-use assets, net 54,502  56,525  56,252  58,168 Other real estate owned and foreclosed assets 1,413  1,879  1,164  633 Accrued interest receivable 120,257  108,286  99,262  114,121 Deferred tax asset 99,702  114,528  138,955  125,432 Intangibles, net 61,135  64,949  51,182  52,780 Goodwill 1,121,401  1,121,401  1,051,318  1,053,556 Non-marketable equity securities 61,362  76,990  99,669  98,285 Bank-owned life insurance 191,996  191,623  189,849  188,971 Other assets 345,677  341,702  326,040  309,762 Total assets$29,015,627  29,004,983  27,902,987  28,205,769 Liabilities       Non-interest bearing deposits$6,674,441  6,593,728  6,136,709  6,407,728 Interest bearing deposits 15,196,508  15,034,774  14,410,285  14,307,036 Securities sold under agreements to repurchase 2,004,286  1,976,228  1,777,475  1,831,501 FHLB advances 895,022  1,255,088  1,800,000  1,800,000 Other borrowed funds 59,779  62,366  62,062  61,911 Finance lease liabilities 18,401  19,405  21,279  22,257 Subordinated debentures 157,379  157,127  133,105  133,065 Accrued interest payable 27,733  27,973  33,626  35,382 Operating lease liabilities 41,367  42,274  39,902  40,642 Other liabilities 332,423  303,756  264,690  321,197 Total liabilities 25,407,339  25,472,719  24,679,133  24,960,719 Commitments and Contingent Liabilities —  —  —  — Stockholders’ Equity       Preferred shares, $0.01 par value per share, 1,000,000 shares authorized, none issued or outstanding —  —  —  — Common stock, $0.01 par value per share, 234,000,000 shares authorized 1,186  1,186  1,134  1,134 Paid-in capital 2,657,469  2,655,894  2,448,758  2,447,200 Retained earnings - substantially restricted 1,142,523  1,113,839  1,083,258  1,059,022 Accumulated other comprehensive loss (192,890) (238,655) (309,296) (262,306)Total stockholders’ equity 3,608,288  3,532,264  3,223,854  3,245,050 Total liabilities and stockholders’ equity$29,015,627  29,004,983  27,902,987  28,205,769  Glacier Bancorp, Inc.Unaudited Condensed Consolidated Statements of Operations  Three Months ended Nine Months ended(Dollars in thousands)Sep 30,2025 Jun 30,2025 Mar 31,2025 Sep 30,2024 Sep 30,2025 Sep 30,2024Interest Income           Investment securities$45,348 44,148 45,646 46,371 135,142 144,754Residential real estate loans 26,335 25,361 24,275 23,118 75,971 65,636Commercial loans 228,363 214,816 197,388 196,901 640,567 566,699Consumer and other loans 24,957 23,790 22,616 23,188 71,363 65,725Total interest income 325,003 308,115 289,925 289,578 923,043 842,814Interest Expense           Deposits 67,346 65,569 62,865 70,607 195,780 205,655Securities sold under agreements torepurchase 14,706 14,109 13,733 14,737 42,548 40,901Federal Home Loan Bank advances 14,271 17,806 20,719 22,344 52,796 50,772FRB Bank Term Funding — — — — — 27,097Other borrowed funds 385 400 402 252 1,187 949Subordinated debentures 2,916 2,615 2,227 1,407 7,758 4,251Total interest expense 99,624 100,499 99,946 109,347 300,069 329,625Net Interest Income 225,379 207,616 189,979 180,231 622,974 513,189Provision for credit losses 7,656 20,267 7,814 8,005 35,737 19,772Net interest income after provision for credit losses 217,723 187,349 182,165 172,226 587,237 493,417Non-Interest Income           Service charges and other fees 21,460 20,405 18,818 20,587 60,683 58,572Miscellaneous loan fees and charges 5,123 5,067 4,664 4,970 14,854 14,153Gain on sale of loans 5,027 4,273 4,311 4,898 13,611 12,929Gain on sale of securities — — — 26 — 30Other income 3,742 3,199 4,849 4,223 11,790 11,213Total non-interest income 35,352 32,944 32,642 34,704 100,938 96,897Non-Interest Expense           Compensation and employee benefits 96,498 94,355 91,443 85,083 282,296 255,306Occupancy and equipment 13,236 12,558 12,294 11,989 38,088 35,466Advertising and promotions 4,620 4,394 4,144 4,062 13,158 12,407Data processing 10,634 9,883 9,138 9,196 29,655 27,742Other real estate owned and foreclosed assets 63 26 63 13 152 187Regulatory assessments and insurance 5,799 5,847 5,534 5,150 17,180 18,304Intangibles amortization 3,813 3,624 3,270 3,367 10,707 9,144Other expenses 33,120 24,432 25,432 25,848 82,984 78,947Total non-interest expense 167,783 155,119 151,318 144,708 474,220 437,503Income Before Income Taxes 85,292 65,174 63,489 62,222 213,955 152,811Federal and state income tax expense 17,392 12,393 8,921 11,167 38,706 24,421Net Income$67,900 52,781 54,568 51,055 175,249 128,390 Glacier Bancorp, Inc.Average Balance Sheets  Three Months ended September 30, 2025 June 30, 2025(Dollars in thousands)AverageBalance Interest &Dividends AverageYield/Rate AverageBalance Interest &Dividends AverageYield/RateAssets           Residential real estate loans$1,962,831 $26,335 5.37% $1,940,514 $25,361 5.23%Commercial loans1 15,351,367  229,915 5.94%  14,884,885  216,385 5.83%Consumer and other loans 1,363,996  24,957 7.26%  1,336,030  23,790 7.14%Total loans2 18,678,194  281,207 5.97%  18,161,429  265,536 5.86%Tax-exempt debt securities3 1,583,554  14,068 3.55%  1,594,895  13,999 3.51%Taxable debt securities4, 5 6,554,179  33,185 2.03%  6,645,312  32,045 1.93%Total earning assets 26,815,927  328,460 4.86%  26,401,636  311,580 4.73%Goodwill and intangibles 1,184,370      1,153,466    Non-earning assets 987,070      918,007    Total assets$28,987,367     $28,473,109    Liabilities           Non-interest bearing deposits$6,550,398 $— —% $6,256,245 $— —%NOW and DDA accounts 5,734,329  16,483 1.14%  5,674,990  16,045 1.13%Savings accounts 2,995,538  5,843 0.77%  2,904,389  5,402 0.75%Money market deposit accounts 3,136,019  16,783 2.12%  3,000,487  15,389 2.06%Certificate accounts 3,217,199  28,195 3.48%  3,211,418  28,667 3.58%Total core deposits 21,633,483  67,304 1.23%  21,047,529  65,503 1.25%Wholesale deposits6 3,649  42 4.48%  5,618  66 4.67%Repurchase agreements 1,986,620  14,706 2.94%  1,898,841  14,109 2.98%FHLB advances 1,192,493  14,271 4.68%  1,494,781  17,806 4.71%Subordinated debentures and other borrowed funds 236,375  3,301 5.54%  231,902  3,015 5.21%Total funding liabilities 25,052,620  99,624 1.58%  24,678,671  100,499 1.63%Other liabilities 353,452      338,289    Total liabilities 25,406,072      25,016,960    Stockholders’ Equity           Stockholders’ equity 3,581,295      3,456,149    Total liabilities and stockholders’ equity$28,987,367     $28,473,109    Net interest income (tax-equivalent)  $228,836     $211,081  Net interest spread (tax-equivalent)    3.28%     3.10%Net interest margin (tax-equivalent)    3.39%     3.21% ______________________________ 1 Includes tax effect of $1.6 million and $1.6 million on tax-exempt municipal loan and lease income for the three months ended September 30, 2025 and June 30, 2025, respectively.2 Total loans are gross of the allowance for credit losses, net of unearned income and include loans held for sale. Non-accrual loans were included in the average volume for the entire period.3 Includes tax effect of $1.8 million and $1.7 million on tax-exempt debt securities income for the three months ended September 30, 2025 and June 30, 2025, respectively.4 Includes interest income of $6.7 million and $4.8 million on average interest-bearing cash balances of $600.3 million and $433.7 million for the three months ended September 30, 2025 and June 30, 2025, respectively.5 Includes tax effect of $150 thousand and $151 thousand on federal income tax credits for the three months ended September 30, 2025 and June 30, 2025, respectively.6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities. Glacier Bancorp, Inc.Average Balance Sheets (continued)  Three Months ended September 30, 2025 September 30, 2024(Dollars in thousands)AverageBalance Interest &Dividends AverageYield/Rate AverageBalance Interest &Dividends AverageYield/RateAssets           Residential real estate loans$1,962,831 $26,335 5.37% $1,850,066 $23,118 5.00%Commercial loans1 15,351,367  229,915 5.94%  13,957,304  198,556 5.66%Consumer and other loans 1,363,996  24,957 7.26%  1,324,142  23,188 6.97%Total loans2 18,678,194  281,207 5.97%  17,131,512  244,862 5.69%Tax-exempt debt securities3 1,583,554  14,068 3.55%  1,660,643  14,710 3.54%Taxable debt securities4, 5 6,554,179  33,185 2.03%  7,073,967  34,001 1.92%Total earning assets 26,815,927  328,460 4.86%  25,866,122  293,573 4.52%Goodwill and intangibles 1,184,370      1,092,632    Non-earning assets 987,070      836,878    Total assets$28,987,367     $27,795,632    Liabilities           Non-interest bearing deposits$6,550,398 $— —% $6,237,166 $— —%NOW and DDA accounts 5,734,329  16,483 1.14%  5,314,459  16,221 1.21%Savings accounts 2,995,538  5,843 0.77%  2,829,203  5,699 0.80%Money market deposit accounts 3,136,019  16,783 2.12%  2,887,173  15,048 2.07%Certificate accounts 3,217,199  28,195 3.48%  3,211,842  33,597 4.16%Total core deposits 21,633,483  67,304 1.23%  20,479,843  70,565 1.37%Wholesale deposits6 3,649  42 4.48%  3,122  42 5.47%Repurchase agreements 1,986,620  14,706 2.94%  1,723,553  14,738 3.40%FHLB advances 1,192,493  14,271 4.68%  1,828,533  22,344 4.78%Subordinated debentures and other borrowed funds 236,375  3,301 5.54%  219,472  1,658 3.01%Total funding liabilities 25,052,620  99,624 1.58%  24,254,523  109,347 1.79%Other liabilities 353,452      336,906    Total liabilities 25,406,072      24,591,429    Stockholders’ Equity           Stockholders’ equity 3,581,295      3,204,203    Total liabilities and stockholders’ equity$28,987,367     $27,795,632    Net interest income (tax-equivalent)  $228,836     $184,226  Net interest spread (tax-equivalent)    3.28%     2.73%Net interest margin (tax-equivalent)    3.39%     2.83% ______________________________ 1 Includes tax effect of $1.6 million and $1.7 million on tax-exempt municipal loan and lease income for the three months ended September 30, 2025 and 2024, respectively.2 Total loans are gross of the allowance for credit losses, net of unearned income and include loans held for sale. Non-accrual loans were included in the average volume for the entire period.3 Includes tax effect of $1.8 million and $2.1 million on tax-exempt debt securities income for the three months ended September 30, 2025 and 2024, respectively.4 Includes interest income of $6.7 million and $4.8 million on average interest-bearing cash balances of $600.3 million and $357.0 million for the three months ended September 30, 2025 and 2024, respectively.5 Includes tax effect of $150 thousand and $203 thousand on federal income tax credits for the three months ended September 30, 2025 and 2024, respectively.6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities. Glacier Bancorp, Inc.Average Balance Sheets (continued)  Nine Months ended September 30, 2025 September 30, 2024(Dollars in thousands)AverageBalance Interest &Dividends AverageYield/Rate AverageBalance Interest &Dividends AverageYield/RateAssets           Residential real estate loans$1,929,897 $75,971 5.25% $1,798,202 $65,636 4.87%Commercial loans1 14,780,437  645,221 5.84%  13,737,866  571,540 5.56%Consumer and other loans 1,334,462  71,363 7.15%  1,299,463  65,725 6.76%Total loans2 18,044,796  792,555 5.87%  16,835,531  702,901 5.58%Tax-exempt debt securities3 1,594,355  42,003 3.51%  1,695,965  44,978 3.54%Taxable debt securities4, 5 6,713,914  98,828 1.96%  7,429,971  106,939 1.92%Total earning assets 26,353,065  933,386 4.74%  25,961,467  854,818 4.40%Goodwill and intangibles 1,146,519      1,071,024    Non-earning assets 918,154      734,681    Total assets$28,417,738     $27,767,172    Liabilities           Non-interest bearing deposits$6,267,432 $— —% $6,077,392 $— —%NOW and DDA accounts 5,645,862  47,593 1.13%  5,270,842  47,866 1.21%Savings accounts 2,921,024  16,404 0.75%  2,881,273  17,368 0.81%Money market deposit accounts 2,996,375  45,698 2.04%  2,913,206  43,907 2.01%Certificate accounts 3,193,843  85,937 3.60%  3,083,866  96,365 4.17%Total core deposits 21,024,536  195,632 1.24%  20,226,579  205,506 1.36%Wholesale deposits6 4,289  148 4.58%  3,603  149 5.49%Repurchase agreements 1,909,939  42,548 2.98%  1,612,021  40,901 3.39%FHLB advances 1,475,071  52,796 4.72%  1,397,258  50,772 4.77%FRB Bank Term Funding —  — —%  824,672  27,097 4.39%Subordinated debentures and other borrowed funds 228,191  8,945 5.24%  220,835  5,200 3.15%Total funding liabilities 24,642,026  300,069 1.63%  24,284,968  329,625 1.81%Other liabilities 339,599      345,822    Total liabilities 24,981,625      24,630,790    Stockholders’ Equity           Stockholders’ equity 3,436,113      3,136,382    Total liabilities and stockholders’ equity$28,417,738     $27,767,172    Net interest income (tax-equivalent)  $633,317     $525,193  Net interest spread (tax-equivalent)    3.11%     2.59%Net interest margin (tax-equivalent)    3.21%     2.70% ______________________________ 1 Includes tax effect of $4.7 million and $4.8 million on tax-exempt municipal loan and lease income for the Nine Months ended September 30, 2025 and 2024, respectively.2 Total loans are gross of the allowance for credit losses, net of unearned income and include loans held for sale. Non-accrual loans were included in the average volume for the entire period.3 Includes tax effect of $5.2 million and $6.5 million on tax-exempt debt securities income for the Nine Months ended September 30, 2025 and 2024, respectively.4 Includes interest income of $17.7 million and $17.2 million on average interest-bearing cash balances of $531.3 million and $631.7 million for the Nine Months ended September 30, 2025 and 2024, respectively.5 Includes tax effect of $451 thousand and $629 thousand on federal income tax credits for the Nine Months ended September 30, 2025 and 2024, respectively.6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities. Glacier Bancorp, Inc.Loan Portfolio by Regulatory Classification  Loans Receivable, by Loan Type % Change from(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Jun 30,2025 Dec 31,2024 Sep 30,2024Custom and owner occupied construction$231,238  $254,790  $242,844  $235,915  (9)% (5)% (2)%Pre-sold and spec construction 217,413   208,106   191,926   203,610  4% 13% 7%Total residential construction 448,651   462,896   434,770   439,525  (3)% 3% 2%Land development 197,981   176,925   197,369   205,704  12% —% (4)%Consumer land or lots 207,816   229,823   187,024   189,705  (10)% 11% 10%Unimproved land 137,720   127,550   113,532   109,237  8% 21% 26%Developed lots for operative builders 56,180   73,053   61,661   67,140  (23)% (9)% (16)%Commercial lots 99,220   175,929   99,243   98,644  (44)% —% 1%Other construction 982,743   753,056   693,461   689,638  31% 42% 43%Total land, lot, and other construction 1,681,660   1,536,336   1,352,290   1,360,068  9% 24% 24%Owner occupied 3,570,671   3,529,536   3,197,138   3,121,900  1% 12% 14%Non-owner occupied 4,333,302   4,283,986   4,053,996   4,001,430  1% 7% 8%Total commercial real estate 7,903,973   7,813,522   7,251,134   7,123,330  1% 9% 11%Commercial and industrial 1,554,832   1,545,498   1,395,997   1,387,538  1% 11% 12%Agriculture 1,189,948   1,167,611   1,024,520   1,047,320  2% 16% 14%First lien 2,579,418   2,590,433   2,481,918   2,462,885  —% 4% 5%Junior lien 81,568   80,170   76,303   77,029  2% 7% 6%Total 1-4 family 2,660,986   2,670,603   2,558,221   2,539,914  —% 4% 5%Multifamily residential 969,573   975,785   895,242   921,138  (1)% 8% 5%Home equity lines of credit 1,056,757   1,048,595   1,005,783   1,004,300  1% 5% 5%Other consumer 192,501   197,744   209,457   221,517  (3)% (8)% (13)%Total consumer 1,249,258   1,246,339   1,215,240   1,225,817  —% 3% 2%States and political subdivisions 994,062   973,145   983,601   993,871  2% 1% —%Other 180,711   188,743   183,894   188,792  (4)% (2)% (4)%Total loans receivable, includingloans held for sale 18,833,654   18,580,478   17,294,909   17,227,313  1% 9% 9%Less loans held for sale1 (42,668)  (47,738)  (33,060)  (46,126) (11)% 29% (7)%Total loans receivable$18,790,986  $18,532,740  $17,261,849  $17,181,187  1% 9% 9% ______________________________ 1 Loans held for sale are primarily first lien 1-4 family loans. Glacier Bancorp, Inc.Credit Quality Summary by Regulatory Classification  Non-performing Assets, by Loan Type Non-AccrualLoans AccruingLoans 90Daysor More PastDue Other realestateowned andforeclosedassets(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Sep 30,2025 Sep 30,2025 Sep 30,2025Custom and owner occupied construction$476 235 198 202 184 292 —Pre-sold and spec construction 2,039 2,806 2,132 3,705 2,039 — —Total residential construction 2,515 3,041 2,330 3,907 2,223 292 —Land development 917 885 966 583 917 — —Consumer land or lots 358 460 78 458 358 — —Developed lots for operative builders 456 531 531 531 — 456 —Commercial lots — 47 47 47 — — —Total land, lot and other construction 1,731 1,923 1,622 1,619 1,275 456 —Owner occupied 5,237 4,412 2,979 1,903 4,903 127 207Non-owner occupied 691 1,206 2,235 1,335 — — 691Total commercial real estate 5,928 5,618 5,214 3,238 4,903 127 898Commercial and Industrial 24,165 14,764 2,069 2,455 22,557 1,608 —Agriculture 5,408 6,603 2,335 6,040 2,135 3,273 —First lien 8,388 10,549 9,053 6,065 7,652 736 —Junior lien 765 533 315 279 287 — 478Total 1-4 family 9,153 11,082 9,368 6,344 7,939 736 478Multifamily residential 1,039 398 389 392 398 641 —Home equity lines of credit 3,402 4,016 3,465 2,867 3,292 110 —Other consumer 852 921 955 1,111 728 87 37Total consumer 4,254 4,937 4,420 3,978 4,020 197 37Other 119 240 39 148 — 119 —Total$54,312 48,606 27,786 28,121 45,450 7,449 1,413 Glacier Bancorp, Inc.Credit Quality Summary by Regulatory Classification (continued)  Accruing 30-89 Days Delinquent Loans,  by Loan Type % Change from(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Jun 30,2025 Dec 31,2024 Sep 30,2024Custom and owner occupied construction$305 $385 $969 $13 (21)% (69)% 2,246%Pre-sold and spec construction —  —  564  1,250 n/m (100)% (100)%Total residential construction 305  385  1,533  1,263 (21)% (80)% (76)%Land development —  170  1,450  157 (100)% (100)% (100)%Consumer land or lots 564  1,210  402  747 (53)% 40% (24)%Unimproved land 33  75  36  39 (56)% (8)% (15)%Developed lots for operative builders 5,265  —  214  — n/m 2,360% n/mOther construction —  7,840  —  — (100)% n/m n/mTotal land, lot and other construction 5,862  9,295  2,102  943 (37)% 179% 522%Owner occupied 3,809  3,903  2,867  5,641 (2)% 33% (32)%Non-owner occupied 7,615  13,806  5,037  13,785 (45)% 51% (45)%Total commercial real estate 11,424  17,709  7,904  19,426 (35)% 45% (41)%Commercial and industrial 3,711  6,711  6,194  3,125 (45)% (40)% 19%Agriculture 2,104  8,243  744  16,932 (74)% 183% (88)%First lien 5,357  3,583  6,326  6,275 50% (15)% (15)%Junior lien —  —  214  13 n/m (100)% (100)%Total 1-4 family 5,357  3,583  6,540  6,288 50% (18)% (15)%Multifamily Residential 150  —  —  — n/m n/m n/mHome equity lines of credit 7,421  5,482  3,731  4,567 35% 99% 62%Other consumer 1,751  1,615  1,775  2,227 8% (1)% (21)%Total consumer 9,172  7,097  5,506  6,794 29% 67% 35%Other 1,439  1,380  1,705  1,442 4% (16)% —%Total$39,524 $54,403 $32,228 $56,213 (27)% 23% (30)% ______________________________ n/m - not measurable Glacier Bancorp, Inc.Credit Quality Summary by Regulatory Classification (continued)  Net Charge-Offs (Recoveries), Year-to-DatePeriod Ending, By Loan Type Charge-Offs Recoveries(Dollars in thousands)Sep 30,2025 Jun 30,2025 Dec 31,2024 Sep 30,2024 Sep 30,2025 Sep 30,2025Pre-sold and spec construction$—  50  (4) (4) 51 51Land development (358) (341) 1,095  (21) — 358Consumer land or lots (5) (3) (22) (21) — 5Unimproved land —  —  1,338  5  — —Commercial lots —  —  319  319  — —Total land, lot and other construction (363) (344) 2,730  282  — 363Owner occupied (1) (1) (73) (73) — 1Non-owner occupied (11) (8) 2  (3) — 11Total commercial real estate (12) (9) (71) (76) — 12Commercial and industrial 655  26  1,422  1,272  1,508 853Agriculture (111) (109) 64  65  — 111First lien (158) (79) 32  (34) 1 159Junior lien (34) (137) (65) (60) 126 160Total 1-4 family (192) (216) (33) (94) 127 319Home equity lines of credit (27) (20) 69  (31) 9 36Other consumer 1,151  656  1,078  753  1,386 235Total consumer 1,124  636  1,147  722  1,395 271Other 5,253  3,406  8,643  6,561  8,195 2,942Total$6,354  3,440  13,898  8,728  11,276 4,922 Visit our website at www.glacierbancorp.com

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