GBCI · Glacier Bancorp, Inc.

Glacier Bancorp reported record net income of $82.1 million for the first quarter of 2026, a 29% increase from the prior quarter and a 51% increase from the same quarter last year. Diluted earnings per share rose to $0.63, up 29% sequentially and 31% year-over-year. On an operating (non-GAAP) basis, diluted EPS was $0.70, up 1% from the prior quarter and 49% from the prior year. The strong performance was driven by net interest margin expansion, which increased 22 basis points to 3.80% from the prior quarter, reflecting higher loan yields and lower funding costs. Loan yield improved 7 basis points to 6.16%, while total cost of funding declined 12 basis points to 1.40%. The loan portfolio grew $106 million (2% annualized) to $21.034 billion, and total deposits increased $151 million (2% annualized) to $24.742 billion, with non-interest bearing deposits rising $113 million (6% annualized). The company completed the core system conversion of Guaranty Bancshares, acquired in October 2025, which management expects to capture full acquisition benefits. The current quarter included $8.9 million in acquisition-related expenses and $2.8 million in compensation from acquisition-related employment agreements. Management highlighted disciplined growth, operating leverage, and long-term value creation. The company declared a quarterly dividend of $0.33 per share.