Glacier Bancorp (GBCI) investor relations material

Executive summary

• Net income for Q3 2025 was $67.9 million, up 29% sequentially and 33% year-over-year, with diluted EPS of $0.57, a 27% increase from both the prior quarter and prior year.

• Completed Bank of Idaho core conversion and closed Guaranty Bank and Trust acquisition, expanding into Texas and adding $3.1 billion in assets.

• Maintained focus on integration, employee and customer satisfaction, and future M&A opportunities in Texas and the Mountain West.

• Net interest income reached $225 million, up 9% sequentially and 25% year-over-year.

Financial highlights

• Year-to-date net income was $175 million, up 36% from the prior year.

• Net interest margin for Q3 was 3.39%, up 18 bps sequentially and 56 bps year-over-year.

• Total deposits at Q3 end were $21.87 billion, up $242 million from the prior quarter and $1.32 billion from year-end.

• Loan portfolio at Q3 end was $18.79 billion, up $258 million from the prior quarter and $1.53 billion year-to-date.

• Efficiency ratio improved to 62.05% in Q3 from 62.08% in Q2 and 64.92% a year ago.

Outlook and guidance

• Expecting additional 18-20 bps margin growth in Q4, with pace of increase moderating in 2026.

• Fourth quarter core non-interest expense projected at $185-$189 million, reflecting full-quarter impact of Guaranty Bank and Trust.

• Anticipate 20% reduction in non-interest expense from Guaranty integration, with half realized in 2026 and the remainder in 2027.

• Tax rate for Q4 expected to remain elevated due to merger-related non-deductible expenses.

• Management expects continued favorable trends, with focus on integration of recent acquisitions and Texas expansion.