Business Description

Glacier Bancorp, Inc., headquartered in Kalispell, Montana, is a Montana corporation incorporated in 2004 as a successor corporation to the Delaware corporation originally incorporated in 1990. The terms “Company,” “we,” “us” and “our” mean Glacier Bancorp, Inc. and its subsidiaries, when appropriate. The Company is a publicly-traded company and its common stock trades on the New York Stock Exchange (“NYSE”) under the symbol: GBCI. We provide a full range of banking services to individuals and businesses from 281 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, Nevada, and Texas through our wholly-owned bank subsidiary, Glacier Bank (the “Bank”). We offer a wide range of banking products and services, including: 1) retail banking; 2) business banking; 3) real estate, commercial, agriculture and consumer loans; and 4) mortgage origination and loan servicing. We serve individuals, small to medium-sized businesses, community organizations and public entities. For information regarding our lending, investment and funding activities, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The Company includes the parent holding company and the Bank. As of December 31, 2025, the Bank consists of eighteen bank divisions and a corporate division. The bank divisions operate under separate names, management teams and advisory directors and consist of the following: • The Foothills Bank (Yuma, Arizona) with operations in Arizona; • Bank of the San Juans (Durango, Colorado) with operations in Colorado; • Collegiate Peaks Bank (Buena Vista, Colorado) with operations in Colorado; • Citizens Community Bank (Pocatello, Idaho) with operations in Idaho; • Mountain West Bank (Coeur d’Alene, Idaho) with operations in Idaho and Washington; • First Bank of Montana (Lewistown, Montana) with operations in Montana; • First Security Bank (Bozeman, Montana) with operations in Montana; • First Security Bank of Missoula (Missoula, Montana) with operations in Montana; • Glacier Bank (Kalispell, Montana) with operations in Montana; • Valley Bank (Helena, Montana) with operations in Montana; • Western Security Bank (Billings, Montana) with operations in Montana; • Heritage Bank of Nevada (Reno, NV) with operations in Nevada; • Guaranty Bank & Trust (Mount Pleasant, TX) with operations in Texas; • Altabank (American Fork, UT) with operations in Utah and Idaho; • First Community Bank Utah (Layton, Utah) with operations in Utah; • Wheatland Bank (Chelan, Washington) with operations in Washington; • First Bank (Powell, Wyoming) with operations in Wyoming; and • First State Bank (Wheatland, Wyoming) with operations in Wyoming. The corporate division includes the Bank’s investment portfolio and wholesale borrowings, and other centralized functions. We consider the Bank to be our sole operating segment. The Bank has subsidiary interests in variable interest entities (“VIE”) for which the Bank has both the power to direct the VIE’s significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could potentially be significant to the VIE. These subsidiary interests are included in the Company’s consolidated financial statements. The Bank also has subsidiary interests in VIEs for which the Bank does not have a controlling financial interest and is not the primary beneficiary. These subsidiary interests are not included in the Company’s consolidated financial statements. The Bank also has non-bank subsidiaries which hold certain bank investments. These non-bank subsidiaries are either consolidated or accounted for under the equity method depending on whether the Bank has a controlling interest or significant influence over the entity. The parent holding company owns non-bank subsidiaries that have issued trust preferred securities which qualify as Tier 2 regulatory capital instruments. The trust subsidiaries are not included in our consolidated financial statements. Our investments and 4 subordinated debentures to the consolidated trust subsidiaries are included in other assets and subordinated debentures, respectively, on our statements of financial condition. As of December 31, 2025, the Company and its subsidiaries were not engaged in any operations in foreign countries. Recent Acquisitions Our strategy is to profitably grow our business through internal growth and selective acquisitions.…