Glacier Bancorp (GBCI) investor relations material

Executive summary

• Net income for Q2 2026 was $97.9 million, up 19% from the prior quarter and 85% year-over-year, marking a record result with continued net interest margin expansion.

• Diluted EPS reached $0.75, up 19% sequentially and 67% year-over-year; operating diluted EPS was $0.76.

• Strong performance was driven by net interest income and margin expansion.

• Loan and deposit growth remained broad-based and stable, supporting liquidity.

• Net interest income for Q2 2026 was $276 million, up 3% sequentially and 33% year-over-year.

Financial highlights

• Net income for H1 2026 was $180 million, up 68% year-over-year.

• Net interest margin for Q2 2026 was 3.90%, up 10 bps from Q1 and 69 bps year-over-year.

• Core deposit cost for Q2 2026 was 1.18%, down 2 bps from Q1 and 7 bps year-over-year; non-interest-bearing deposits held steady at 30% of total.

• Efficiency ratio improved to 56.21% from 63.05% in Q1.

• Pre-tax, pre-provision net revenue (PPNR) was $130.8 million, up 23% from Q1 and 53% year-over-year.

Outlook and guidance

• Deposit costs expected to remain stable if the Fed holds rates; could adjust if rates change.

• Loan growth outlook remains strong for Q3, with healthy pipelines and seasonal tailwinds.

• Margin expected to reach or exceed 4% in early Q4 2026, with further growth into 2027.

• Quarterly expense guidance for H2 remains $187M–$192M, allowing for some discretionary spending.

• Management expects continued focus on disciplined balance sheet management and customer service.