RESULTS FOR THE QUARTER AND PERIOD ENDED MARCH 31, 2026
1st Quarter 2026 Highlights:
•Net income was $82.1 million for the current quarter, an increase of $18.4 million, or 29 percent, from the prior quarter net income of $63.8 million and an increase of $27.6 million, or 51 percent, from the prior year first quarter net income of $54.6 million.
•Diluted earnings per share for the current quarter was $0.63 per share, an increase of $0.14 per share, or 29 percent, from the prior quarter diluted earnings per share of $0.49 and an increase of $0.15 per share, or 31 percent, from the prior year first quarter diluted earnings per share of $0.48.
•Diluted operating earnings per share1 for the current quarter was $0.70 per share, an increase of $0.01 per share, or 1 percent, from the prior quarter diluted operating earnings per share of $0.69 and an increase of $0.23 per share, or 49 percent, from the prior year first quarter diluted operating earnings per share of $0.47.
•The loan portfolio of $21.034 billion at March 31, 2026 increased $106 million, or 2 percent annualized, from the prior quarter.
•Total deposits of $24.742 billion at March 31, 2026 increased $151 million, or 2 percent annualized, from the prior quarter.
•Non-interest bearing deposits of $7.427 billion at March 31, 2026 increased $113 million, or 6 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 3.80 percent, an increase of 22 basis points from the prior quarter net interest margin of 3.58 percent and an increase of 76 basis points from the prior year first quarter net interest margin of 3.04 percent.
•The loan yield of 6.16 percent in the current quarter increased 7 basis points from the prior quarter loan yield of 6.09 percent and increased 39 basis points from the prior year first quarter loan yield of 5.77 percent.
1 Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.
1
•The total earning asset yield of 5.11 percent in the current quarter increased 11 basis points from the prior quarter earning asset yield of 5.00 percent and increased 50 basis points from the prior year first quarter earning asset yield of 4.61 percent.
•The total cost of funding (including non-interest bearing deposits) of 1.40 percent in the current quarter decreased 12 basis points from the prior quarter total cost of funding of 1.52 percent and decreased 28 basis points from the prior year first quarter total cost of funding of 1.68 percent.
•The Company completed the core system conversion of Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”). Guaranty was acquired on October 1, 2025 with total assets of $3.357 billion.
•The Company declared a quarterly dividend of $0.33 per share. The Company has declared 164 consecutive quarterly dividends and has increased the dividend 49 times.
Financial Summary
At or for the Three Months ended
(Dollars in thousands, except per share and market data)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Operating results
Net income
$
82,144
63,779
54,568
Basic earnings per share
$
0.63
0.49
0.48
Diluted earnings per share
$
0.63
0.49
0.48
Operating diluted earnings per share 1
$
0.70
0.69
0.47
Dividends declared per share
$
0.33
0.33
0.33
Market value per share
Closing
$
44.67
44.05
44.22
High
$
53.99
49.56
52.81
Low
$
41.87
39.90
43.18
Selected ratios and other data
Number of common stock shares outstanding
130,124,378
129,971,712
113,517,944
Average outstanding shares - basic
130,052,858
129,950,587
113,451,199
Average outstanding shares - diluted
130,242,765
130,145,104
113,546,365
Return on average assets (annualized)
1.05
%
0.78
%
0.80
%
Return on average equity (annualized)
7.82
%
6.05
%
6.77
%
Efficiency ratio
63.05
%
61.04
%
65.49
%
Loan to deposit ratio
85.18
%
85.26
%
83.64
%
Number of full time equivalent employees
4,139
4,087
3,457
Number of locations
282
281
227
Number of ATMs
337
337
286
______________________________
1 Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.
KALISPELL, Mont., Apr 23, 2026 (GLOBE NEWSWIRE) - Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $82.1 million for the current quarter, an increase of $18.4 million, or 29 percent, from the prior quarter net income of $63.8 million and an increase of $27.6 million, or 51 percent, from the prior year first
2
quarter net income of $54.6 million. Diluted earnings per share for the current quarter was $0.63 per share, an increase of $0.14 per share, or 29 percent, from the prior quarter diluted earnings per share of $0.49 and an increase of $0.15 per share, or 31 percent, from the prior year first quarter diluted earnings per share of $0.48. Diluted operating earnings per share for the current quarter was $0.70 per share, an increase of $0.01 per share, or 1 percent, from the prior quarter diluted operating earnings per share of $0.69 and an increase of $0.23 per share, or 49 percent, from the prior year first quarter diluted operating earnings per share of $0.47. The current quarter included $8.9 million in acquisition-related expenses and $2.8 million of compensation from acquisition-related employment agreements. “We opened 2026 with strong results, delivering record net income, net interest margin expansion and loan and deposit growth,” said Randy Chesler, President and Chief Executive Officer. “We also completed the Guaranty core systems conversion during the current quarter. This was an important milestone that positions us to capture the full benefits of the acquisition. Our teams remain focused on disciplined growth, delivering operating leverage and creating long-term value for shareholders.”
Asset Summary
$ Change from
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Cash and cash equivalents
$
1,385,237
1,235,261
981,485
149,976
403,752
Debt securities, available-for-sale
3,585,531
4,007,512
4,172,312
(421,981)
(586,781)
Debt securities, held-to-maturity
3,058,662
3,110,216
3,261,575
(51,554)
(202,913)
Total debt securities
6,644,193
7,117,728
7,433,887
(473,535)
(789,694)
Loans receivable 1
Residential real estate
2,167,860
2,457,907
1,850,079
(290,047)
317,781
Commercial real estate
13,918,178
13,565,512
10,952,809
352,666
2,965,369
Other commercial
3,466,863
3,497,829
3,121,477
(30,966)
345,386
Home equity
1,048,971
977,206
920,132
71,765
128,839
Other consumer
431,791
429,342
374,021
2,449
57,770
Loans receivable
21,033,663
20,927,796
17,218,518
105,867
3,815,145
Allowance for credit losses
(255,771)
(255,319)
(210,400)
(452)
(45,371)
Loans receivable, net
20,777,892
20,672,477
17,008,118
105,415
3,769,774
Other assets
2,926,760
2,952,597
2,435,389
(25,837)
491,371
Total assets
$
31,734,082
31,978,063
27,858,879
(243,981)
3,875,203
______________________________
1 In connection with the current quarter Guaranty core system conversion, Guaranty loans were reclassified to conform to the Company’s classifications. There were approximately $236 million of loans reclassified from residential loans into other categories, the majority of which were reclassified to commercial real estate loans.
The Company continues to maintain a strong cash position of $1.385 billion at March 31, 2026, which was an increase of $150 million, or 12 percent, over the prior quarter and an increase of $404 million, or 41 percent, over the prior year first quarter. Total debt securities of $6.644 billion at March 31, 2026 decreased $474 million, or 7 percent, during the current quarter and decreased $790 million, or 11 percent, from the prior year first quarter. Debt securities represented 21 percent of total assets at March 31, 2026 compared to 22 percent at December 31, 2025 and 27 percent at March 31, 2025.
The loan portfolio of $21.034 billion at March 31, 2026 increased $106 million, or 2 percent annualized, during the current quarter. The loan portfolio increased $3.815 billion, or 22 percent, from the prior year first quarter. Excluding the Bank of Idaho (“BOID”) acquisition on April 30, 2025 and the Guaranty acquisition on October 1, 2025, the loan portfolio organically increased $638 million, or 4 percent, from the prior year first quarter.
3
Credit Quality Summary
At or for the Three Months ended
At or for the Year ended
At or for the Three Months ended
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Allowance for credit losses
Balance at beginning of period
$
255,319
206,041
206,041
Acquisitions
—
154
—
Provision for credit losses
3,514
61,846
6,154
Charge-offs
(4,186)
(18,682)
(3,897)
Recoveries
1,124
5,960
2,102
Balance at end of period
$
255,771
255,319
210,400
Provision for credit losses
Loan portfolio
$
3,514
61,846
6,154
Unfunded loan commitments
2,550
9,554
1,660
Total provision for credit losses
$
6,064
71,400
7,814
Other real estate owned
$
1,417
284
1,085
Other foreclosed assets
193
127
68
Accruing loans 90 days or more past due
13,470
5,997
5,289
Non-accrual loans
64,415
62,487
32,896
Total non-performing assets
$
79,495
68,895
39,338
Non-performing assets as a percentage of subsidiary assets
0.25
%
0.22
%
0.14
%
Allowance for credit losses as a percentage of non-performing loans
328
%
373
%
551
%
Allowance for credit losses as a percentage of total loans
1.22
%
1.22
%
1.22
%
Net charge-offs as a percentage of total loans
0.02
%
0.06
%
0.01
%
Accruing loans 30-89 days past due
$
91,760
78,826
46,458
U.S. government guarantees included in non-performing assets
$
8,066
8,733
685
Non-performing assets of $79.5 million at March 31, 2026 increased $10.6 million, or 15 percent, over the prior quarter and increased $40.2 million, or 102 percent, over the prior year first quarter. Early stage delinquencies (accruing loans 30-89 days past due) of $91.8 million at March 31, 2026 increased $12.9 million from the prior quarter and increased $45.3 million from the prior year first quarter. Early stage delinquencies as a percentage of loans at March 31, 2026 were 0.44 percent compared to 0.38 percent for the prior quarter and 0.27 percent for the prior year first quarter and remain at historically low levels for the Company.
The current quarter provision for credit loss expense of $6.1 million included $3.5 million of credit loss expense on loans and $2.6 million of credit loss expense on unfunded loan commitments. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at each of March 31, 2026, December 31, 2025 and March 31, 2025. 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.
4
Credit Quality Trends and Provision for Credit Losses on the Loan Portfolio
(Dollars in thousands)
Provision for Credit Losses Loans
Net Charge-Offs
ACL as a Percent of Loans
Accruing Loans 30-89 Days Past Due as a Percent of Loans
Non-Performing Assets to Total Subsidiary Assets
First quarter 2026
$
3,514
$
3,062
1.22
%
0.44
%
0.25
%
Fourth quarter 2025
32,491
6,368
1.22
%
0.38
%
0.22
%
Third 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
%
Net charge-offs for the current quarter were $3.1 million compared to $6.4 million in the prior quarter and $1.8 million for the prior year first quarter. The current quarter net charge-offs included $2.2 million in deposit overdraft net charge-offs and $896 thousand 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)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Deposits
Non-interest bearing deposits
$
7,427,280
7,314,779
6,100,548
112,501
1,326,732
NOW and DDA accounts
6,217,728
6,236,551
5,676,177
(18,823)
541,551
Savings accounts
3,193,293
3,158,939
2,896,378
34,354
296,915
Money market deposit accounts
4,049,361
3,948,201
2,816,874
101,160
1,232,487
Certificate accounts
3,851,209
3,928,550
3,140,333
(77,341)
710,876
Core deposits, total
24,738,871
24,587,020
20,630,310
151,851
4,108,561
Wholesale deposits
3,000
4,076
3,740
(1,076)
(740)
Deposits, total
24,741,871
24,591,096
20,634,050
150,775
4,107,821
Repurchase agreements
2,085,623
2,084,113
1,849,070
1,510
236,553
Deposits and repurchase agreements, total
26,827,494
26,675,209
22,483,120
152,285
4,344,374
Federal Home Loan Bank advances
—
440,000
1,520,000
(440,000)
(1,520,000)
Other borrowed funds
51,564
51,473
62,216
91
(10,652)
Finance lease liabilities
31,209
28,808
20,227
2,401
10,982
Subordinated debentures
188,032
187,492
133,145
540
54,887
Other liabilities
387,284
381,260
352,563
6,024
34,721
Total liabilities
$
27,485,583
27,764,242
24,571,271
(278,659)
2,914,312
5
Total deposits of $24.7 billion at March 31, 2026 increased $151 million, or 2 percent annualized, during the current quarter and increased $4.108 billion, or 20 percent, from the prior year first quarter. Excluding acquisitions, total deposits organically increased $323 million, or 2 percent, from the prior year first quarter.
Non-interest bearing deposits of $7.427 billion at March 31, 2026 increased $113 million, or 6 percent annualized, from the prior quarter and increased $1.327 billion, or 22 percent, from the prior year first quarter. Excluding acquisitions, total non-interest bearing deposits organically increased $223 million, or 4 percent, from the prior year first quarter. Non-interest bearing deposits represented 30 percent of total deposits at March 31, 2026, December 31, 2025 and March 31, 2025.
The remaining $440 million of Federal Home Loan Bank (“FHLB”) advances were paid off during the current quarter. Subordinated debentures of $188 million increased $54.9 million, or 41 percent, from the prior year first quarter as a result of the acquisitions.
Stockholders’ Equity Summary
$ Change from
(Dollars in thousands, except per share data)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Common equity
$
4,424,548
4,380,931
3,550,719
43,617
873,829
Accumulated other comprehensive loss
(176,049)
(167,110)
(263,111)
(8,939)
87,062
Total stockholders’ equity
4,248,499
4,213,821
3,287,608
34,678
960,891
Goodwill and intangibles, net
(1,478,753)
(1,483,552)
(1,099,229)
4,799
(379,524)
Tangible stockholders’ equity (non-GAAP) 1
$
2,769,746
2,730,269
2,188,379
39,477
581,367
Stockholders’ equity to total assets
13.39
%
13.18
%
11.80
%
Tangible stockholders’ equity to total tangible assets (non-GAAP) 1
9.15
%
8.95
%
8.18
%
Book value per common share
$
32.65
32.42
28.96
0.23
3.69
Tangible book value per common share (non-GAAP) 1
$
21.29
21.01
19.28
0.28
2.01
______________________________
1 Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.
Tangible stockholders’ equity of $2.770 billion at March 31, 2026 increased $39 million, or 1 percent, compared to the prior quarter and was primarily due to earnings retention. Tangible stockholders’ equity increased $581 million, or 27 percent, from the prior year first quarter and was primarily due to $765 million of Company stock issued in connection with the acquisitions of BOID and Guaranty and an $87 million decrease in other comprehensive loss. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the BOID and Guaranty acquisitions. Tangible book value per common share of $21.29 at the current quarter end increased $0.28 per share, or 1 percent, from the prior quarter and increased $2.01 per share, or 10 percent, from the prior year first quarter.
Cash Dividends
On March 25, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable April 16, 2026 to shareholders of record on April 7, 2026. The dividend was the Company’s 164th 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.
6
Operating Results for Three Months Ended March 31, 2026
Compared to December 31, 2025 and March 31, 2025
Income Summary
Three Months ended
$ Change from
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Net interest income
Interest income
$
362,337
372,754
289,925
(10,417)
72,412
Interest expense
93,660
106,688
99,946
(13,028)
(6,286)
Total net interest income
268,677
266,066
189,979
2,611
78,698
Non-interest income
Deposit service charges and other fees
15,265
15,904
13,215
(639)
2,050
Payment services
11,368
12,626
9,328
(1,258)
2,040
Miscellaneous loan fees and charges
2,279
2,519
1,691
(240)
588
Gain on sale of loans
5,108
4,594
4,311
514
797
Gain (loss) on sale of securities
—
—
—
—
—
Other income
4,062
4,804
4,097
(742)
(35)
Total non-interest income
38,082
40,447
32,642
(2,365)
5,440
Total income
$
306,759
306,513
222,621
246
84,138
Net interest margin (tax-equivalent)
3.80
%
3.58
%
3.04
%
Core Net Interest margin (tax-equivalent) (non-GAAP) 1
3.73
%
3.51
%
2.98
%
______________________________
1 Represents a non-GAAP financial measure. Supplemental “Non-GAAP Financial Measures and Reconciliations” tables are provided to reconcile the most directly comparable financial measure calculated and presented in accordance with GAAP.
Net Interest Income
Net interest income of $269 million for the current quarter increased $2.6 million, or 1 percent, from the prior quarter net interest income of $266 million and increased $78.7 million, or 41 percent, from the prior year first quarter net interest income of $190 million. The current quarter interest income of $362 million decreased $10.4 million, or 3 percent, over the prior quarter which primarily resulted from a decrease in debt securities. The current quarter interest income increased $72.4 million, or 25 percent, over the prior year first quarter and was primarily driven by both increased loans and increased interest rates on earning assets. The loan yield of 6.16 percent in the current quarter increased 7 basis points from the prior quarter loan yield of 6.09 percent and increased 39 basis points from the prior year first quarter loan yield of 5.77 percent.
The current quarter interest expense of $93.7 million decreased $13.0 million, or 12 percent, from the prior quarter, primarily due to a decrease in interest rates on deposits and a decrease in higher cost borrowings. The current quarter interest expense decreased $6.3 million, or 6 percent, from the prior year first quarter and was primarily attributable to the decrease in higher cost borrowings. Deposit cost (including non-interest bearing deposits) decreased to 1.20 percent in the current quarter compared to 1.26 percent in the prior quarter and 1.25 percent in the prior year first quarter.
The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.80 percent, an increase of 22 basis points from the prior quarter net interest margin of 3.58 percent and was primarily driven by an increase in loan yields and a decrease in the total cost of funding. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter increased 76 basis points from the prior year first quarter net interest margin of 3.04 percent and was also primarily driven by the
7
increase in loan yields and the decrease in the total cost of funding. Core net interest margin was 3.73 percent in the current quarter compared to 3.51 percent in the prior quarter and 2.98 percent in the prior year first quarter with the increases also primarily driven by an increase in loan yields and a decrease in total cost of funding. “The Company delivered improvement in both net interest margin and net interest income during the current quarter,” said Ron Copher, Chief Financial Officer. “Improved loan yields and continued reduction in funding costs strengthened core earnings and underscores the Company’s improving net interest income profile.”
Non-interest Income
Non-interest income for the current quarter totaled $38.1 million, which was a decrease of $2.4 million, or 6 percent, over the prior quarter and an increase of $5.4 million, or 17 percent, over the prior year first quarter. Deposit service charges and other fees of $15.3 million for the current quarter decreased $639 thousand, or 4 percent, compared to the prior quarter and was primarily due to seasonal fluctuations. Payment services of $11.4 million for the current quarter decreased $1.3 million, or 10 percent, from the prior quarter and was also primarily driven by seasonal fluctuations. Deposit service charges and other fees increased $2.1 million, or 15 percent, compared to the prior year first quarter and payment services increased $2.0 million, or 22 percent, over the prior year first quarter. Gain on the sale of residential loans of $5.1 million for the current quarter increased $514 thousand, or 11 percent, compared to the prior quarter and increased $797 thousand, or 18 percent, from the prior year first quarter. Other income of $4.1 million in the current quarter decreased $742 thousand, or 15 percent, and was primarily attributable to an $825 thousand decrease in income related to bank owned life insurance proceeds.
Non-interest Expense Summary
Three Months ended
$ Change from
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Compensation and employee benefits
$
115,770
110,999
91,443
4,771
24,327
Occupancy and equipment
15,682
17,529
12,294
(1,847)
3,388
Advertising and promotions
5,256
4,609
4,144
647
1,112
Data processing
13,273
13,089
9,138
184
4,135
Other real estate owned and foreclosed assets
206
140
63
66
143
Regulatory assessments and insurance
6,403
5,495
5,534
908
869
Intangibles amortization
4,799
5,180
3,270
(381)
1,529
Other expenses
39,140
37,516
25,432
1,624
13,708
Total non-interest expense
$
200,529
194,557
151,318
5,972
49,211
Total non-interest expense of $201 million for the current quarter increased $6.0 million, or 3 percent, over the prior quarter. Total non-interest expense increased $49.2 million, or 33 percent, over the prior year first quarter and was primarily driven by increased costs from the acquired banks.
Compensation and employee benefits of $116 million for the current quarter increased by $4.8 million, or 4 percent, over the prior quarter which was primarily driven by annual salary increases and increased employee benefits. Compensation and employee benefits increased $24.3 million, or 27 percent, from the prior year first quarter and was primarily driven by annual salary increases and increases in staffing levels from the acquired banks. Occupancy and equipment expense of $15.7 million decreased $1.8 million, or 11 percent, from the prior quarter and was primarily due to the prior quarter including $1.1 million of expenses related to vacating branch locations. Regulatory assessment and insurance expense of $6.4 million increased $908 thousand, or 17 percent, from the prior quarter primarily from a $739 thousand decrease in expense reduction related to the
8
FDIC special assessment. Other expenses of $39.1 million increased $1.6 million, or 4 percent, from the prior quarter and was primarily driven by increased acquisition-related expenses.
Acquisition-related expense was $8.9 million in the current quarter compared to $5.8 million in the prior quarter and $587 thousand in the prior year first quarter. In addition, compensation and employee benefits included $2.8 million of expense attributable to acquisition-related employment agreements in the current quarter compared to $2.9 million in the prior quarter and $251 thousand in the prior year first quarter.
Federal and State Income Tax Expense
Tax expense during the first quarter of 2026 was $18.0 million, an increase of $5.5 million, or 44 percent, compared to the prior quarter and an increase of $9.1 million, or 102 percent, from the prior year first quarter. The effective tax rate in the current quarter was 18.0 percent compared to 16.4 percent in the prior quarter and 14.1 percent in the prior year first quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter and prior year first quarter was primarily the result of an increase in pre-tax income.
Efficiency Ratio
The efficiency ratio was 63.05 percent in the current quarter compared to 61.04 percent in the prior quarter and 65.49 percent in the prior year first quarter. The increase from the prior quarter was principally driven by the increase in acquisition-related expenses. The decrease from the prior year first quarter was primarily due to the increase in net interest income which 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 the possibility of increases in FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increases or changes in 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 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 Iran and Ukraine, further conflicts in the Middle East, and potential for future conflicts or disruptions in other parts of the world;
9
•risks associated with the Company’s ability to negotiate, complete, and successfully integrate 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, additional competition from internet-based financial institutions operating nationally, or further consolidation in the financial services industry, resulting in increased competition, including 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 related to rapidly evolving artificial intelligence technologies;
•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; and
•effects 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 Information
A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, April 24, 2026. 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/BId56d290e29e945559b681adb3a18978d. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/2ords9eb.
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 & Trust (Mount Pleasant, TX), 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).
10
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 reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is provided in the exhibits within this press release. The Company considers the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision making and in evaluating period-to-period comparisons. The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain income or intangible items that the Company believes are not indicative of its primary business operating results.
These non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and investors should not rely on non-GAAP financial measures alone as measures of our performance. The non-GAAP financial measures presented may differ from non-GAAP financial measures used by the Company’s peers or other companies. The Company compensates for these differences by providing the equivalent GAAP measures whenever the Company presents the non-GAAP financial measures and by including a reconciliation of the impact of the components adjusted for in the non-GAAP financial measure so that both measures and the individual components may be considered when analyzing our performance.
11
Glacier Bancorp, Inc.
Unaudited Condensed Consolidated Statements of Financial Condition
(Dollars in thousands, except per share data)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Assets
Cash on hand and in banks
$
350,801
321,526
322,253
Interest bearing cash deposits
1,034,436
913,735
659,232
Cash and cash equivalents
1,385,237
1,235,261
981,485
Debt securities, available-for-sale
3,585,531
4,007,512
4,172,312
Debt securities, held-to-maturity
3,058,662
3,110,216
3,261,575
Total debt securities
6,644,193
7,117,728
7,433,887
Loans held for sale, at fair value
41,652
39,186
40,523
Loans receivable
21,033,663
20,927,796
17,218,518
Allowance for credit losses
(255,771)
(255,319)
(210,400)
Loans receivable, net
20,777,892
20,672,477
17,008,118
Premises and equipment, net
492,031
486,184
411,095
Right-of-use assets, net
76,344
75,574
54,441
Other real estate owned and foreclosed assets
1,610
411
1,153
Accrued interest receivable
122,795
120,092
103,992
Deferred tax asset
103,863
101,337
122,942
Intangibles, net
100,470
105,269
47,911
Goodwill
1,378,283
1,378,283
1,051,318
Federal Home Loan Bank stock, at cost
21,524
42,764
88,134
Bank-owned life insurance
236,540
235,090
191,044
Other assets
351,648
368,407
322,836
Total assets
$
31,734,082
31,978,063
27,858,879
Liabilities
Non-interest bearing deposits
$
7,427,280
7,314,779
6,100,548
Interest bearing deposits
17,314,591
17,276,317
14,533,502
Securities sold under agreements to repurchase
2,085,623
2,084,113
1,849,070
FHLB advances
—
440,000
1,520,000
Other borrowed funds
51,564
51,473
62,216
Finance lease liabilities
31,209
28,808
20,227
Subordinated debentures
188,032
187,492
133,145
Accrued interest payable
30,512
32,786
30,231
Operating lease liabilities
51,457
52,869
39,244
Other liabilities
305,315
295,605
283,088
Total liabilities
27,485,583
27,764,242
24,571,271
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
1,301
1,300
1,135
Paid-in capital
3,224,619
3,220,064
2,449,311
Retained earnings - substantially restricted
1,198,628
1,159,567
1,100,273
Accumulated other comprehensive loss
(176,049)
(167,110)
(263,111)
Total stockholders’ equity
4,248,499
4,213,821
3,287,608
Total liabilities and stockholders’ equity
$
31,734,082
31,978,063
27,858,879
12
Glacier Bancorp, Inc.
Unaudited Condensed Consolidated Statements of Operations
Three Months ended
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Interest Income
Investment securities
$
45,126
51,988
45,646
Residential real estate loans
33,708
35,164
24,275
Commercial loans
258,616
259,456
197,388
Consumer and other loans
24,887
26,146
22,616
Total interest income
362,337
372,754
289,925
Interest Expense
Deposits
72,251
78,407
62,865
Securities sold under agreements to repurchase
13,619
14,624
13,733
Federal Home Loan Bank advances
4,226
9,456
20,719
Other borrowed funds
443
745
402
Subordinated debentures
3,121
3,456
2,227
Total interest expense
93,660
106,688
99,946
Net Interest Income
268,677
266,066
189,979
Provision for credit losses
6,064
35,663
7,814
Net interest income after provision for credit losses
262,613
230,403
182,165
Non-Interest Income
Deposit service charges and other fees
15,265
15,904
13,215
Payment services
11,368
12,626
9,328
Miscellaneous loan fees and charges
2,279
2,519
1,691
Gain on sale of loans
5,108
4,594
4,311
Gain (loss) on sale of securities
—
—
—
Other income
4,062
4,804
4,097
Total non-interest income
38,082
40,447
32,642
Non-Interest Expense
Compensation and employee benefits
115,770
110,999
91,443
Occupancy and equipment
15,682
17,529
12,294
Advertising and promotions
5,256
4,609
4,144
Data processing
13,273
13,089
9,138
Other real estate owned and foreclosed assets
206
140
63
Regulatory assessments and insurance
6,403
5,495
5,534
Intangibles amortization
4,799
5,180
3,270
Other expenses
39,140
37,516
25,432
Total non-interest expense
200,529
194,557
151,318
Income Before Income Taxes
100,166
76,293
63,489
Federal and state income tax expense
18,022
12,514
8,921
Net Income
$
82,144
63,779
54,568
13
Glacier Bancorp, Inc.
Non-GAAP Financial Measures and Reconciliations
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Tangible Equity
Total stockholders’ equity
$
4,248,499
4,213,821
3,287,608
Less: goodwill and intangible assets, net
(1,478,753)
(1,483,552)
(1,099,229)
Tangible stockholders' equity (non-GAAP)
$
2,769,746
2,730,269
2,188,379
Tangible Assets
Total assets
$
31,734,082
31,978,063
27,858,879
Less: goodwill and intangible assets, net
(1,478,753)
(1,483,552)
(1,099,229)
Tangible assets (non-GAAP)
$
30,255,329
30,494,511
26,759,650
Tangible equity to tangible assets (non-GAAP)
9.15
%
8.95
%
8.18
%
Book value per share
$
32.65
$
32.42
$
28.96
Tangible book value per share (non-GAAP)
$
21.29
$
21.01
$
19.28
At or for the Three Months ended
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Core Net Interest Margin
Net interest income (tax equivalent) 1
$
272,383
269,618
193,400
Purchase accounting
(5,140)
(4,628)
(3,361)
Non-accrual loan (recovery) reversal
(42)
(693)
14
Core net interest income (tax equivalent) (non-GAAP)
$
267,201
264,297
190,053
Average earning assets
$
29,078,665
29,842,441
25,830,807
Net interest margin
3.80
%
3.58
%
3.04
%
Core net interest margin (non-GAAP)
3.73
%
3.51
%
2.98
%
______________________________
1 Includes tax effect of $3.7 million, $3.6 million and $3.4 million on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the three months ended March 31, 2026 , December 31, 2025, and March 31, 2025, respectively.
14
At or for the Three Months ended
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Operating Diluted Earnings Per Share
Net income
$
82,144
63,779
54,568
Operating adjustments
Loan interest (recovery) reversal
(42)
(693)
14
BOLI proceeds
(776)
(1,601)
(1,114)
Acquisition-related compensation
2,775
2,946
251
Lease terminations
200
1,101
—
FDIC special assessment
(87)
(827)
(219)
Loss (gain) on fixed assets
445
1,918
(1,010)
Acquisition ACL expense
—
27,247
—
Acquisition-related expense
8,907
5,802
587
Tax impact
(3,018)
(9,274)
264
Net operating adjustments
8,404
26,619
(1,227)
Operating net income (non-GAAP)
$
90,548
90,398
53,341
Weighted average diluted commons shares outstanding
130,242,765
130,145,104
113,546,365
Diluted EPS
$
0.63
$
0.49
$
0.48
Operating diluted EPS (non-GAAP)
$
0.70
$
0.69
$
0.47
15
Glacier Bancorp, Inc.
Average Balance Sheets
Three Months ended
March 31, 2026
December 31, 2025
(Dollars in thousands)
Average Balance
Interest & Dividends
Average Yield/ Rate
Average Balance
Interest & Dividends
Average Yield/ Rate
Assets
Residential real estate loans
$
2,360,462
$
33,708
5.71
%
$
2,515,221
$
35,164
5.59
%
Commercial loans 1
17,206,377
260,287
6.13
%
17,061,043
261,088
6.07
%
Consumer and other loans
1,425,664
24,887
7.08
%
1,412,458
26,146
7.34
%
Total loans 2
20,992,503
318,882
6.16
%
20,988,722
322,398
6.09
%
Tax-exempt debt securities 3
1,647,612
14,452
3.51
%
1,665,176
14,189
3.41
%
Taxable debt securities 4, 5
6,438,550
32,709
2.03
%
7,188,543
39,719
2.21
%
Total earning assets
29,078,665
366,043
5.11
%
29,842,441
376,306
5.00
%
Goodwill and intangibles
1,481,187
1,444,364
Non-earning assets
1,203,188
1,201,340
Total assets
$
31,763,040
$
32,488,145
Liabilities
Non-interest bearing deposits
$
7,230,420
$
—
—
%
$
7,526,159
$
—
—
%
NOW and DDA accounts
6,167,696
15,897
1.05
%
6,118,413
16,991
1.10
%
Savings accounts
3,163,850
5,500
0.71
%
3,174,869
6,014
0.75
%
Money market deposit accounts
3,963,618
19,078
1.95
%
3,993,241
20,962
2.08
%
Certificate accounts
3,896,903
31,742
3.30
%
3,929,727
34,407
3.47
%
Total core deposits
24,422,487
72,217
1.20
%
24,742,409
78,374
1.26
%
Wholesale deposits 6
3,615
34
3.81
%
3,257
33
4.15
%
Repurchase agreements
2,074,082
13,619
2.66
%
2,087,256
14,624
2.78
%
FHLB advances
361,778
4,226
4.67
%
792,290
9,456
4.67
%
Subordinated debentures and other borrowed funds
267,450
3,564
5.40
%
270,924
4,201
6.15
%
Total funding liabilities
27,129,412
93,660
1.40
%
27,896,136
106,688
1.52
%
Other liabilities
372,547
406,289
Total liabilities
27,501,959
28,302,425
Stockholders’ Equity
Stockholders’ equity
4,261,081
4,185,720
Total liabilities and stockholders’ equity
$
31,763,040
$
32,488,145
Net interest income (tax-equivalent)
$
272,383
$
269,618
Net interest spread (tax-equivalent)
3.71
%
3.48
%
Net interest margin (tax-equivalent)
3.80
%
3.58
%
______________________________
1 Includes tax effect of $1.7 million and $1.6 million on tax-exempt municipal loan and lease income for the three months ended March 31, 2026 and December 31, 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 $2.0 million and $1.8 million on tax-exempt debt securities income for the three months ended March 31, 2026 and December 31, 2025, respectively.
4 Includes interest income of $8.1 million and $11.2 million on average interest-bearing cash balances of $894.0 million and $1.1 billion for the three months ended March 31, 2026 and December 31, 2025, respectively.
5 Includes tax effect of $68 thousand and $151 thousand on federal income tax credits for the three months ended March 31, 2026 and December 31, 2025, respectively.
6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.
16
Glacier Bancorp, Inc.
Average Balance Sheets (continued)
Three Months ended
March 31, 2026
March 31, 2025
(Dollars in thousands)
Average Balance
Interest & Dividends
Average Yield/ Rate
Average Balance
Interest & Dividends
Average Yield/ Rate
Assets
Residential real estate loans
$
2,360,462
$
33,708
5.71
%
$
1,885,497
$
24,275
5.15
%
Commercial loans 1
17,206,377
260,287
6.13
%
14,091,210
198,921
5.73
%
Consumer and other loans
1,425,664
24,887
7.08
%
1,302,687
22,616
7.04
%
Total loans 2
20,992,503
318,882
6.16
%
17,279,394
245,812
5.77
%
Tax-exempt debt securities 3
1,647,612
14,452
3.51
%
1,604,851
13,936
3.47
%
Taxable debt securities 4, 5
6,438,550
32,709
2.03
%
6,946,562
33,598
1.93
%
Total earning assets
29,078,665
366,043
5.11
%
25,830,807
293,346
4.61
%
Goodwill and intangibles
1,481,187
1,100,801
Non-earning assets
1,203,188
847,855
Total assets
$
31,763,040
$
27,779,463
Liabilities
Non-interest bearing deposits
$
7,230,420
$
—
—
%
$
5,989,490
$
—
—
%
NOW and DDA accounts
6,167,696
15,897
1.05
%
5,525,976
15,065
1.11
%
Savings accounts
3,163,850
5,500
0.71
%
2,861,675
5,159
0.73
%
Money market deposit accounts
3,963,618
19,078
1.95
%
2,849,470
13,526
1.93
%
Certificate accounts
3,896,903
31,742
3.30
%
3,152,198
29,075
3.74
%
Total core deposits
24,422,487
72,217
1.20
%
20,378,809
62,825
1.25
%
Wholesale deposits 6
3,615
34
3.81
%
3,600
40
4.53
%
Repurchase agreements
2,074,082
13,619
2.66
%
1,842,773
13,733
3.02
%
FHLB advances
361,778
4,226
4.67
%
1,744,000
20,719
4.75
%
Subordinated debentures and other borrowed funds
267,450
3,564
5.40
%
216,073
2,629
4.94
%
Total funding liabilities
27,129,412
93,660
1.40
%
24,185,255
99,946
1.68
%
Other liabilities
372,547
326,764
Total liabilities
27,501,959
24,512,019
Stockholders’ Equity
Stockholders’ equity
4,261,081
3,267,444
Total liabilities and stockholders’ equity
$
31,763,040
$
27,779,463
Net interest income (tax-equivalent)
$
272,383
$
193,400
Net interest spread (tax-equivalent)
3.71
%
2.93
%
Net interest margin (tax-equivalent)
3.80
%
3.04
%
______________________________
1 Includes tax effect of $1.7 million and $1.5 million on tax-exempt municipal loan and lease income for the three months ended March 31, 2026 and 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 $2.0 million and $1.7 million on tax-exempt debt securities income for the three months ended March 31, 2026 and 2025, respectively.
4 Includes interest income of $8.1 million and $6.1 million on average interest-bearing cash balances of $894.0 million and $559.5 million for the three months ended March 31, 2026 and 2025, respectively.
5 Includes tax effect of $68 thousand and $150 thousand on federal income tax credits for the three months ended March 31, 2026 and 2025, respectively.
6 Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.
17
Glacier Bancorp, Inc.
Loan Portfolio by Regulatory Classification
Loans Receivable, by Loan Type
% Change from
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Custom and owner occupied construction
$
227,869
$
263,713
$
233,584
(14)
%
(2)
%
Pre-sold and spec construction
268,831
255,542
200,921
5
%
34
%
Total residential construction
496,700
519,255
434,505
(4)
%
14
%
Land development
218,943
263,262
177,448
(17)
%
23
%
Consumer land or lots
234,467
247,769
197,553
(5)
%
19
%
Unimproved land
240,944
167,796
115,528
44
%
109
%
Developed lots for operative builders
50,056
69,786
64,782
(28)
%
(23)
%
Commercial lots
120,528
155,631
95,574
(23)
%
26
%
Other construction
1,144,637
1,122,350
714,151
2
%
60
%
Total land, lot, and other construction
2,009,575
2,026,594
1,365,036
(1)
%
47
%
Owner occupied
3,908,697
3,950,726
3,182,589
(1)
%
23
%
Non-owner occupied
5,125,101
4,859,173
4,054,107
5
%
26
%
Total commercial real estate
9,033,798
8,809,899
7,236,696
3
%
25
%
Commercial and industrial
1,630,625
1,649,101
1,392,365
(1)
%
17
%
Agriculture
1,252,040
1,282,861
1,016,081
(2)
%
23
%
First lien
3,051,563
3,098,023
2,499,494
(1)
%
22
%
Junior lien
103,240
106,205
85,343
(3)
%
21
%
Total 1-4 family
3,154,803
3,204,228
2,584,837
(2)
%
22
%
Multifamily residential
1,068,813
1,019,484
874,071
5
%
22
%
Home equity lines of credit
1,081,438
1,076,201
989,043
—
%
9
%
Other consumer
227,762
237,393
188,388
(4)
%
21
%
Total consumer
1,309,200
1,313,594
1,177,431
—
%
11
%
States and political subdivisions
945,587
964,591
1,001,058
(2)
%
(6)
%
Other
174,174
177,375
176,961
(2)
%
(2)
%
Total loans receivable, including
loans held for sale
21,075,315
20,966,982
17,259,041
1
%
22
%
Less loans held for sale 1
(41,652)
(39,186)
(40,523)
6
%
3
%
Total loans receivable
$
21,033,663
$
20,927,796
$
17,218,518
1
%
22
%
______________________________
1 Loans held for sale are primarily first lien 1-4 family loans.
18
Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification
Non-performing Assets, by Loan Type
Non- Accrual Loans
Accruing Loans 90 Days or More Past Due
Other real estate owned and foreclosed assets
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Mar 31, 2026
Mar 31, 2026
Mar 31, 2026
Custom and owner occupied construction
$
404
183
194
404
—
—
Pre-sold and spec construction
889
919
2,896
889
—
—
Total residential construction
1,293
1,102
3,090
1,293
—
—
Land development
866
898
935
866
—
—
Consumer land or lots
17
79
173
17
—
—
Developed lots for operative builders
567
456
531
—
—
567
Commercial lots
—
556
47
—
—
—
Other construction
580
129
—
—
—
580
Total land, lot and other construction
2,030
2,118
1,686
883
—
1,147
Owner occupied
4,254
3,969
3,601
3,418
836
—
Non-owner occupied
18,423
7,606
2,235
18,423
—
—
Total commercial real estate
22,677
11,575
5,836
21,841
836
—
Commercial and Industrial
26,480
27,308
12,367
22,225
4,144
111
Agriculture
6,119
3,549
2,382
2,371
3,748
—
First lien
14,231
15,816
8,752
9,949
4,167
115
Junior lien
1,276
1,776
296
1,276
—
—
Total 1-4 family
15,507
17,592
9,048
11,225
4,167
115
Multifamily residential
409
395
400
409
—
—
Home equity lines of credit
3,746
3,968
3,479
3,420
171
155
Other consumer
1,151
1,229
1,003
748
321
82
Total consumer
4,897
5,197
4,482
4,168
492
237
Other
83
59
47
—
83
—
Total
$
79,495
68,895
39,338
64,415
13,470
1,610
19
Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification (continued)
Accruing 30-89 Days Delinquent Loans, by Loan Type
% Change from
(Dollars in thousands)
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Dec 31, 2025
Mar 31, 2025
Custom and owner occupied construction
$
—
$
533
$
786
(100)
%
(100)
%
Pre-sold and spec construction
2,284
1,189
—
92
%
n/m
Total residential construction
2,284
1,722
786
33
%
191
%
Land development
416
3,994
—
(90)
%
n/m
Consumer land or lots
1,041
1,162
1,026
(10)
%
1
%
Unimproved land
454
—
32
n/m
1,319
%
Developed lots for operative builders
5,218
2,300
—
127
%
n/m
Commercial lots
—
965
189
(100)
%
(100)
%
Other construction
—
4,787
—
(100)
%
n/m
Total land, lot and other construction
7,129
13,208
1,247
(46)
%
472
%
Owner occupied
9,985
6,103
3,786
64
%
164
%
Non-owner occupied
21,459
15,388
346
39
%
6,102
%
Total commercial real estate
31,444
21,491
4,132
46
%
661
%
Commercial and industrial
11,662
10,215
5,358
14
%
118
%
Agriculture
4,424
2,390
5,731
85
%
(23)
%
First lien
19,407
19,699
14,826
(1)
%
31
%
Junior lien
2,576
20
1,023
12,780
%
152
%
Total 1-4 family
21,983
19,719
15,849
11
%
39
%
Multifamily Residential
869
150
—
479
%
n/m
Home equity lines of credit
7,111
5,415
6,993
31
%
2
%
Other consumer
1,755
1,866
1,824
(6)
%
(4)
%
Total consumer
8,866
7,281
8,817
22
%
1
%
States and political subdivisions
—
—
3,220
n/m
(100)
%
Other
3,099
2,650
1,318
17
%
135
%
Total
$
91,760
$
78,826
$
46,458
16
%
98
%
______________________________
n/m - not measurable
20
Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification (continued)
Net Charge-Offs (Recoveries), Year-to-Date Period Ending, By Loan Type
