Author: Ravi Shankar

EFFINGHAM, Ill., Oct. 22, 2026 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $20.6 million, or $0.95 per diluted share, for the third quarter of 2026, compared to net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026. This also compares to net income available to common shareholders of $5.3 million, or $0.24 per diluted share, for the third quarter of 2025.

2026 Third Quarter Results

• Net income available to common shareholders of $20.6 million, or $0.95 per diluted share
• Return on average assets of 1.35% and return on average tangible common equity of 18.50%
• Net interest margin of 4.03% compared to 3.98% in the prior quarter; current quarter included a $1.6 million interest recovery on the payoff of a nonaccrual loan
• Total loans increased $39.1 million, including $23.7 million of net growth in the Community Bank loan portfolio, or 2.8% annualized, during the quarter
• Total capital to risk-weighted assets of 15.60% and common equity tier 1 capital of 10.36%
• Ratio of nonperforming assets to total assets of 0.86%, a decrease of five basis points compared to prior quarter

Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:

“Our third quarter results reflect another solid quarter of execution and continued progress toward building a higher-performing community bank. We delivered diluted earnings per share of $0.95 and a 1.35% return on average assets while maintaining strong net interest margin. The Community Bank generated loan growth, while we continued the planned runoff of non-core portfolios, further improving the composition of our balance sheet.

“We also made meaningful progress resolving legacy credit issues. Past-due, substandard and nonperforming loans declined, net charge-offs moderated from the prior quarter, and our nonperforming asset ratio improved to 0.86%. We remain disciplined in addressing the remaining legacy credits while supporting high-quality loan growth in our markets.

“Strong earnings continued to support our capital position. We enter the fourth quarter with solid momentum and remain focused on profitable relationship growth, continued credit normalization and disciplined capital deployment to support long-term shareholder value.”

Financial Highlights and Key Performance Indicators

		As of and for the Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands, except per share data)			2026				2026				2026				2025				2025
Diluted earnings (loss) per common share		$	0.95			$	0.82			$	0.74			$	(0.24	)		$	0.24
Return on average assets (annualized)			1.35	%			1.22	%			1.16	%			(0.17	)%			0.43	%
Return on average tangible common equity (annualized) (1)			18.50	%			16.27	%			14.88	%			(4.46	)%			4.72	%
Adjusted pre-provision net revenue to average assets (annualized) (1)			1.96	%			2.01	%			1.91	%			1.86	%			1.81	%
Net interest margin (annualized)			4.03	%			3.98	%			3.91	%			3.74	%			3.79	%
Efficiency ratio (1)			61.34	%			60.61	%			62.17	%			63.01	%			61.01	%
Noninterest expense to average assets			3.13	%			3.12	%			3.16	%			4.54	%			2.86	%
Net charge-offs to average loans (annualized)			0.50	%			1.17	%			0.64	%			3.69	%			0.99	%
Tangible book value per share at period end (1)		$	19.52			$	21.41			$	20.77			$	20.70			$	21.16
Tangible book value per share, excluding AOCI at period end (1)		$	25.39			$	24.69			$	24.11			$	23.55			$	24.08
Common shares outstanding at period end			20,801,859				20,725,814				20,813,975				21,169,854				21,543,557
Trust assets under administration		$	4,770,581			$	4,782,625			$	4,474,234			$	4,478,999			$	4,363,756

(1) Non-GAAP financial measures. Refer to pages 10-12 for a reconciliation to the comparable GAAP financial measures.

Key Points for Third Quarter and Outlook

Growth Trends in Community Bank & Wealth Management

• Total loans at September 30, 2026 were $4.28 billion, an increase of $39.1 million from June 30, 2026. Key changes in the loan portfolio were as follows:
  • Community Bank balances increased $23.7 million, or 2.8% annualized.
  • Specialty finance loans increased $28.0 million to $560.1 million from June 30, 2026.
  • Non-core loans, which include our third-party lending and servicing programs and remaining equipment finance portfolio, decreased $12.7 million to $295.7 million from June 30, 2026.
• Total deposits were $5.62 billion at September 30, 2026, a decrease of $89.8 million from June 30, 2026. Key changes in deposits were as follows:
  • Retail deposits decreased $112.7 million, primarily reflecting $115.7 million of balance reductions resulting from actions taken to manage liquidity and deposit pricing.
  • Commercial and public funds deposits increased $35.7 million and $33.7 million, respectively.
  • Servicing and higher-cost brokered deposits decreased $26.5 million and $7.9 million, respectively.
• Wealth Management revenue totaled $8.7 million in the third quarter of 2026. Assets under administration remained stable at $4.77 billion at September 30, 2026, compared to $4.78 billion at June 30, 2026.

Net Interest Margin

• Net interest margin increased five basis points to 4.03% in the third quarter of 2026, benefiting from a $1.6 million interest recovery on the payoff of a nonaccrual loan and continued balance sheet and interest rate risk management, partially offset by higher funding costs. The cost of deposits increased four basis points to 1.82%.

The following table presents the Company’s net interest margin for the third quarter of 2026 compared to the second quarter of 2026 and the third quarter of 2025.

		For the Three Months Ended
(dollars in thousands)		September 30, 2026									June 30, 2026									September 30, 2025
Interest-earning assets		Average Balance			Interest & Fees			Yield/ Rate			Average Balance			Interest & Fees			Yield/ Rate			Average Balance			Interest & Fees			Yield/ Rate
Cash and cash equivalents		$	149,088		$	1,333		3.55	%		$	108,157		$	987		3.66	%		$	78,567		$	849		4.29	%
Investment securities (1)			1,780,505			22,090		4.92				1,617,474			19,540		4.85				1,338,997			15,979		4.73
Loans (1)(2)			4,235,207			69,173		6.48				4,268,168			67,195		6.31				4,947,675			81,012		6.50
Loans held for sale			6,054			97		6.36				8,431			128		6.10				9,268			147		6.29
Nonmarketable equity securities			29,215			530		7.20				30,285			534		7.07				38,559			715		7.36
Total interest-earning assets			6,200,069			93,223		5.97				6,032,515			88,384		5.88				6,413,066			98,702		6.11
Noninterest-earning assets			495,446									495,663									498,875
Total assets		$	6,695,515								$	6,528,178								$	6,911,941
Interest-Bearing Liabilities
Interest-bearing deposits		$	4,720,701		$	26,251		2.21	%		$	4,512,697		$	24,526		2.18	%		$	4,644,455		$	30,219		2.58	%
Short-term borrowings			42,059			349		3.29				28,521			202		2.84				54,839			499		3.61
FHLB advances & other borrowings			221,217			2,165		3.88				249,044			2,349		3.78				386,772			4,044		4.15
Subordinated debt			27,032			380		5.58				27,027			380		5.64				77,210			1,393		7.16
Trust preferred debentures			52,316			1,154		8.75				52,128			1,131		8.70				51,602			1,221		9.39
Total interest-bearing liabilities			5,063,325			30,299		2.37				4,869,417			28,588		2.35				5,214,878			37,376		2.84
Noninterest-bearing deposits			989,768									1,012,592									1,020,196
Other noninterest-bearing liabilities			75,440									84,416									100,436
Shareholders’ equity			566,982									561,753									576,431
Total liabilities and shareholders’ equity		$	6,695,515								$	6,528,178								$	6,911,941
Net Interest Margin					$	62,924		4.03	%					$	59,796		3.98	%					$	61,326		3.79	%
Cost of Deposits								1.82	%								1.78	%								2.12	%

(1) Interest income and average rates for tax-exempt loans and investment securities are presented on a tax-equivalent basis, assuming a federal income tax rate of 21%. Tax-equivalent adjustments totaled $0.2 million for each of the three months ended September 30, 2026, June 30, 2026, and September 30, 2025, respectively. 
(2) Average loan balances include nonaccrual loans. Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs.

Trends in Noninterest Income and Expense

• Noninterest income was $23.2 million for the third quarter of 2026 compared to $23.8 million for the second quarter of 2026.
• Noninterest expense was $52.8 million for the third quarter of 2026 compared to $50.8 million for the second quarter of 2026, driven by an increase in variable compensation expense.
• Income tax expense was $6.6 million, resulting in an effective tax rate of 22.4% for the third quarter of 2026 compared to 22.9% and 33.2% for the second quarter of 2026 and third quarter of 2025, respectively. We currently expect our effective tax rate to be approximately 23% for the full year, subject to changes in earnings mix, state tax legislation, and other factors.

Continued Progress on Credit Quality

• Loans 30-89 days past due decreased to $9.1 million, or 0.21% of total loans, at September 30, 2026, compared to $11.0 million, or 0.26% of total loans, at June 30, 2026. Substandard accruing loans decreased by $0.4 million to $71.2 million at September 30, 2026.
• Nonperforming loans decreased to $58.7 million, or 1.37% of total loans, at September 30, 2026, compared to $60.9 million, or 1.43% of total loans, at June 30, 2026.
• Net charge-offs were $5.4 million for the third quarter of 2026, including $3.2 million of charge-offs on two previously identified nonperforming commercial real estate relationships in the Community Bank portfolio, partially offset by a $0.8 million recovery on the payoff of another previously identified nonperforming commercial real estate relationship.
• Provision for credit losses on loans was $3.7 million for the third quarter of 2026, reflecting improved credit quality metrics, including favorable past due and delinquency trends.
• Allowance for credit losses on loans was $60.9 million, or 1.42% of total loans, at September 30, 2026, compared to an allowance of $62.5 million, or 1.47% of total loans, at June 30, 2026.

The table below summarizes certain information regarding the Company’s loan portfolio asset quality for the periods presented.

		As of and for the Three Months Ended
(dollars in thousands)		September 30,				June 30,				March 31,				December 31,				September 30,
			2026				2026				2026				2025				2025
Asset Quality
Loans 30-89 days past due		$	9,103			$	10,984			$	20,266			$	17,079			$	26,019
Nonperforming loans			58,690				60,879				58,791				65,483				68,703
Nonperforming assets			58,870				61,235				59,305				66,089				70,369
Substandard accruing loans			71,168				71,526				91,963				76,000				78,901
Net charge-offs			5,352				12,465				6,747				43,492				12,309
Loans 30-89 days past due to total loans			0.21	%			0.26	%			0.47	%			0.39	%			0.53	%
Nonperforming loans to total loans			1.37	%			1.43	%			1.36	%			1.50	%			1.41	%
Nonperforming assets to total assets			0.86	%			0.91	%			0.91	%			1.01	%			1.02	%
Allowance for credit losses to total loans			1.42	%			1.47	%			1.56	%			1.59	%			2.07	%
Allowance for credit losses to nonperforming loans			103.68	%			102.69	%			115.45	%			105.71	%			146.84	%
Net charge-offs to average loans (annualized)			0.50	%			1.17	%			0.64	%			3.69	%			0.99	%

Capital

As previously announced, the Company’s board of directors authorized a share repurchase program, pursuant to which the Company is authorized to repurchase up to $45.0 million of its common stock through December 31, 2026. The Company repurchased $10.6 million of its common stock during year-to-date 2026, and approximately $24.8 million remained available under the program at September 30, 2026.

The Company and Midland States Bank exceeded all regulatory capital requirements under Basel III, and Midland States Bank met the qualifications to be a ‘‘well-capitalized’’ financial institution, as summarized in the following table:

	As of September 30, 2026
	Midland States Bank			Midland States Bancorp, Inc.			Minimum Regulatory Requirements (2)
Total capital to risk-weighted assets	14.52	%		15.60	%		10.50	%
Tier 1 capital to risk-weighted assets	13.27	%		13.82	%		8.50	%
Common equity Tier 1 capital to risk-weighted assets	13.27	%		10.36	%		7.00	%
Tier 1 leverage ratio	9.93	%		10.34	%		4.00	%
Tangible common equity to tangible assets (1)	N/A			5.97	%		N/A

	As of June 30, 2026
	Midland States Bank			Midland States Bancorp, Inc.			Minimum Regulatory Requirements (2)
Total capital to risk-weighted assets	14.84	%		15.77	%		10.50	%
Tier 1 capital to risk-weighted assets	13.59	%		13.97	%		8.50	%
Common equity Tier 1 capital to risk-weighted assets	13.59	%		10.39	%		7.00	%
Tier 1 leverage ratio	10.08	%		10.37	%		4.00	%
Tangible common equity to tangible assets (1)	N/A			6.64	%		N/A

(1) Non-GAAP financial measure. Refer to pages 10-12 for a reconciliation to the comparable GAAP financial measure.
(2) Includes the capital conservation buffer of 2.5%, as applicable.

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2026, the Company had total assets of approximately $6.82 billion, and its Wealth Management Group had assets under administration of approximately $4.77 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

Non-GAAP Financial Measures

Some of the financial measures included in this press release are not measures calculated in accordance with GAAP.

These non-GAAP financial measures include “Adjusted pre-provision net revenue,” “Adjusted pre-provision net revenue to average assets,” “Adjusted earnings,” “Adjusted earnings available to common shareholders,” “Adjusted diluted earnings per common share,” “Return on average tangible common equity,” “Efficiency ratio,” “Tangible common equity to tangible assets,” “Tangible book value per share,” and “Tangible book value per share, excluding AOCI.” The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s profitability and asset profile, and that the tangible asset-based measures are commonly used by investors in evaluating value of financial institutions and their equity securities. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, the measures in this press release may not be comparable to other similarly titled measures as presented by other companies.

Forward-Looking Statements

Readers should note that in addition to the historical information contained herein, this press release includes “forward-looking statements” within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company’s plans, objectives, future performance, goals and future earnings levels, including currently anticipated levels of noninterest income and operating expenses. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions; the impact of federal trade policy, inflation, deposit volatility and potential regulatory developments; the performance of our loan portfolio and our ability to manage credit risk; changes in the financial markets; the effects of armed conflict, including the scope and duration of disruptions in global energy markets relating to war in the Middle East; changes in the business environment resulting from the adoption of artificial intelligence, including fraud and cybersecurity risk; operational risks, including with respect to fraud and information technology; changes in business plans as circumstances warrant; changes to U.S. and state tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, which are incorporated herein by reference. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “will,” “should,” “propose,” “may,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “continue,” “outlook,” “trends,” or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

CONTACTS:
Jeffrey G. Ludwig, President and CEO, at jludwig@midlandsb.com or (217) 342-7321
Claire A. Stack, Chief Financial Officer, at cstack@midlandsb.com or (217) 342-7321

MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited)
		As of
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands)			2026				2026				2026				2025				2025
Assets
Cash and cash equivalents		$	99,612			$	298,747			$	113,658			$	127,811			$	166,147
Investment securities			1,909,021				1,657,313				1,596,220				1,527,236				1,383,121
Loans			4,282,828				4,243,704				4,338,573				4,352,004				4,867,587
Allowance for credit losses on loans			(60,852	)			(62,519	)			(67,875	)			(69,219	)			(100,886	)
Total loans, net			4,221,976				4,181,185				4,270,698				4,282,785				4,766,701
Loans held for sale			4,580				8,944				6,709				7,781				7,535
Premises and equipment, net			82,435				82,898				84,169				85,134				86,005
Other real estate owned			180				356				514				606				393
Loan servicing rights, at lower of cost or fair value			10,931				11,316				11,688				11,932				16,165
Goodwill			7,927				7,927				7,927				7,927				7,927
Other intangible assets, net			6,849				7,495				8,159				8,876				9,619
Company-owned life insurance			224,884				222,757				220,630				218,554				216,494
Credit enhancement asset			14,364				13,642				13,476				12,557				5,765
Other assets			234,083				208,036				214,115				222,221				245,643
Total assets		$	6,816,842			$	6,700,616			$	6,547,963			$	6,513,420			$	6,911,515
Liabilities and Shareholders’ Equity
Noninterest-bearing demand deposits		$	973,388			$	1,010,128			$	1,013,808			$	1,040,411			$	1,015,930
Interest-bearing deposits			4,644,050				4,697,150				4,426,259				4,383,968				4,588,895
Total deposits			5,617,438				5,707,278				5,440,067				5,424,379				5,604,825
Short-term borrowings			151,499				7,645				153,425				60,181				146,766
FHLB advances			353,000				258,000				238,000				293,000				373,000
Subordinated debt			27,035				27,030				27,024				27,019				27,014
Trust preferred debentures			52,409				52,219				52,035				51,857				51,684
Other liabilities			84,094				78,756				78,458				91,485				124,225
Total liabilities			6,285,475				6,130,928				5,989,009				5,947,921				6,327,514
Total shareholders’ equity			531,367				569,688				558,954				565,499				584,001
Total liabilities and shareholders’ equity		$	6,816,842			$	6,700,616			$	6,547,963			$	6,513,420			$	6,911,515

MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited) (continued)
		For the Three Months Ended
		September 30,			June 30,				March 31,				December 31,				September 30,
(dollars in thousands, except per share data)			2026			2026				2026				2025				2025
Net interest income:
Interest income		$	93,021		$	88,177			$	86,022			$	92,095			$	98,493
Interest expense			30,299			28,588				28,605				33,393				37,376
Net interest income			62,722			59,589				57,417				58,702				61,117
Provision for credit losses:
Provision for credit losses on loans			3,685			7,109				5,403				11,825				20,505
Provision (recapture) of credit losses on unfunded commitments			50			(290	)			(400	)			(200	)			(500	)
Total provision for credit losses			3,735			6,819				5,003				11,625				20,005
Net interest income after provision for credit losses			58,987			52,770				52,414				47,077				41,112
Noninterest income:
Wealth management revenue			8,651			8,768				8,248				8,272				8,018
Service charges on deposit accounts			3,775			3,449				3,355				3,573				3,598
Interchange revenue			3,984			3,553				3,528				3,437				3,445
Residential mortgage banking revenue			216			686				626				690				735
Income on company-owned life insurance			1,828			2,127				2,076				2,060				2,102
Gain (loss) on sales of investment securities, net			—			—				(1,731	)			—				14
Credit enhancement income (loss)			3,108			3,081				3,360				6,876				(242	)
Other income			1,675			2,104				2,660				1,959				2,346
Total noninterest income			23,237			23,768				22,122				26,867				20,016
Noninterest expense:
Salaries and employee benefits			28,500			27,354				26,157				25,906				26,393
Occupancy and equipment			4,330			4,229				4,535				4,353				4,206
Data processing			6,871			6,994				7,065				6,834				7,186
Professional services			1,669			1,665				2,242				2,321				2,017
Amortization of intangible assets			646			664				717				743				743
Loss on sale of loan portfolios			—			—				—				23,051				—
Impairment on leased assets and surrendered assets			—			—				—				684				—
FDIC insurance			791			781				529				3,739				1,512
Other expense			10,036			9,068				9,179				9,561				7,757
Total noninterest expense			52,843			50,755				50,424				77,192				49,814
Income (loss) before income taxes			29,381			25,783				24,112				(3,248	)			11,314
Income tax expense (benefit)			6,573			5,895				5,649				(360	)			3,757
Net income (loss)			22,808			19,888				18,463				(2,888	)			7,557
Preferred stock dividends			2,229			2,228				2,228				2,228				2,229
Net income (loss) available to common shareholders		$	20,579		$	17,660			$	16,235			$	(5,116	)		$	5,328
Basic earnings (loss) per common share		$	0.95		$	0.82			$	0.74			$	(0.24	)		$	0.24
Diluted earnings (loss) per common share		$	0.95		$	0.82			$	0.74			$	(0.24	)		$	0.24
Weighted average common shares outstanding			21,128,351			21,074,683				21,301,246				21,854,033				21,863,911
Weighted average diluted common shares outstanding			21,140,143			21,074,683				21,301,246				21,854,033				21,863,911

MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited)(continued)
		As of
		September 30,			June 30,			March 31,			December 31,			September 30,
(dollars in thousands)		2026			2026			2026			2025			2025
Loan Portfolio Mix
Commercial loans		$	1,183,813		$	1,185,730		$	1,216,511		$	1,178,521		$	1,476,533
Equipment finance leases			30,339			37,086			43,803			50,981			310,983
Total commercial loans and leases			1,214,152			1,222,816			1,260,314			1,229,502			1,787,516
Commercial real estate			2,332,478			2,296,978			2,322,198			2,342,664			2,336,661
Construction and land development			249,268			243,840			276,469			286,140			260,073
Residential real estate			358,021			347,664			344,511			349,623			353,475
Consumer			128,909			132,406			135,081			144,075			129,862
Total loans		$	4,282,828		$	4,243,704		$	4,338,573		$	4,352,004		$	4,867,587
Loan Portfolio Segment
Regions
Eastern		$	985,101		$	978,944		$	989,596		$	972,031		$	927,977
Northern			782,911			771,844			758,815			711,702			724,695
Southern			664,770			700,937			713,592			729,368			725,892
St. Louis			994,197			951,505			934,974			915,126			896,005
Total Community Bank			3,426,979			3,403,230			3,396,977			3,328,227			3,274,569
Specialty finance			560,102			532,070			613,514			668,183			642,167
Non-core loan program and other (1)			295,747			308,404			328,082			355,594			950,851
Total loans		$	4,282,828		$	4,243,704		$	4,338,573		$	4,352,004		$	4,867,587
Deposit Portfolio Mix
Noninterest-bearing demand		$	973,388		$	1,010,128		$	1,013,808		$	1,040,411		$	1,015,930
Interest-bearing:
Checking			2,155,193			2,094,880			1,886,212			1,855,215			1,996,501
Money market			1,306,610			1,242,303			1,295,781			1,248,942			1,240,885
Savings			498,397			640,292			495,899			487,742			486,953
Time			666,749			694,642			723,055			748,942			804,740
Brokered time			17,101			25,033			25,312			43,127			59,816
Total deposits		$	5,617,438		$	5,707,278		$	5,440,067		$	5,424,379		$	5,604,825
Deposit Portfolio by Channel
Retail		$	2,890,419		$	3,003,073		$	2,904,695		$	2,823,064		$	2,791,085
Commercial			1,361,246			1,325,592			1,209,210			1,193,637			1,248,445
Public Funds			609,873			576,188			455,982			473,381			605,474
Wealth & Trust			249,209			243,549			242,977			265,747			263,765
Servicing			475,862			502,335			478,496			498,496			498,892
Brokered Deposits			17,106			25,033			125,949			143,192			167,228
Other			13,723			31,508			22,758			26,862			29,936
Total deposits		$	5,617,438		$	5,707,278		$	5,440,067		$	5,424,379		$	5,604,825

(1)   Non-core loan programs refer to loan portfolios originated through third parties or capital markets, including loans to finance the sale of the GreenSky portfolio, and equipment financing loans and leases.

MIDLAND STATES BANCORP, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)
Adjusted Earnings Reconciliation
		For the Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands, except per share data)			2026				2026				2026				2025				2025
Income (loss) before income tax expense (benefit) – GAAP		$	29,381			$	25,783			$	24,112			$	(3,248	)		$	11,314
Adjustments to noninterest income:
(Gain) loss on sales of investment securities, net			—				—				1,731				—				(14	)
Gain on sale of mortgage servicing rights			—				—				(2,077	)			—				—
(Gain) loss on limited partnership investments			(18	)			176				1,689				134				315
Total adjustments to noninterest income			(18	)			176				1,343				134				301
Adjustments to noninterest expense:
Loss on sale of loan portfolios			—				—				—				(23,051	)			—
Total adjustments to noninterest expense			—				—				—				(23,051	)			—
Adjusted earnings pre-tax – non-GAAP			29,363				25,959				25,455				19,937				11,615
Adjusted earnings tax expense			6,579				5,941				6,002				5,726				3,836
Adjusted earnings – non-GAAP			22,784				20,018				19,453				14,211				7,779
Preferred stock dividends			2,229				2,228				2,228				2,228				2,229
Adjusted earnings available to common shareholders		$	20,555			$	17,790			$	17,225			$	11,983			$	5,550
Adjusted diluted earnings per common share		$	0.95			$	0.82			$	0.79			$	0.54			$	0.25
Adjusted Pre-Provision Net Revenue Reconciliation
		For the Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands)			2026				2026				2026				2025				2025
Adjusted earnings pre-tax – non-GAAP		$	29,363			$	25,959			$	25,455			$	19,937			$	11,615
Provision for credit losses			3,735				6,819				5,003				11,625				20,005
Adjusted pre-provision net revenue		$	33,098			$	32,778			$	30,458			$	31,562			$	31,620
Adjusted pre-provision net revenue to average assets (annualized)			1.96	%			2.01	%			1.91	%			1.86	%			1.81	%

Return on Average Tangible Common Equity
		For the Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands)			2026				2026				2026				2025				2025
Net income available to common shareholders		$	20,579			$	17,660			$	16,235			$	(5,116	)		$	5,328
Average total shareholders’ equity—GAAP		$	566,982			$	561,753			$	569,482			$	582,698			$	576,431
Adjustments:
Preferred stock			(110,548	)			(110,548	)			(110,548	)			(110,548	)			(110,548	)
Goodwill			(7,927	)			(7,927	)			(7,927	)			(7,927	)			(7,927	)
Other intangible assets, net			(7,159	)			(7,813	)			(8,487	)			(9,320	)			(9,978	)
Average tangible common equity		$	441,348			$	435,465			$	442,520			$	454,903			$	447,978
Return on average tangible common equity (annualized)			18.50	%			16.27	%			14.88	%		(4.46)        %					4.72	%

MIDLAND STATES BANCORP, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)(continued)
Efficiency Ratio Reconciliation
		For the Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands)			2026				2026				2026				2025				2025
Noninterest expense – GAAP		$	52,843			$	50,755			$	50,424			$	77,192			$	49,814
Loss on sale of loan portfolios			—				—				—				(23,051	)			—
Adjusted noninterest expense		$	52,843			$	50,755			$	50,424			$	54,141			$	49,814
Net interest income – GAAP		$	62,722			$	59,589			$	57,417			$	58,702			$	61,117
Effect of tax-exempt income			202				207				218				221				209
Adjusted net interest income			62,924				59,796				57,635				58,923				61,326
Noninterest income – GAAP			23,237				23,768				22,122				26,867				20,016
(Gain) loss on sales of investment securities, net			—				—				1,731				—				(14	)
Gain on sale of mortgage servicing rights			—				—				(2,077	)			—				—
(Gain) loss on limited partnership investments			(18	)			176				1,689				134				315
Adjusted noninterest income			23,219				23,944				23,465				27,001				20,317
Adjusted total revenue		$	86,143			$	83,740			$	81,100			$	85,924			$	81,643
Efficiency ratio			61.34	%			60.61	%			62.17	%			63.01	%			61.01	%

Tangible Common Equity to Tangible Assets Ratio and Tangible Book Value Per Share
		As of
		September 30,				June 30,				March 31,				December 31,				September 30,
(dollars in thousands, except per share data)			2026				2026				2026				2025				2025
Shareholders’ Equity to Tangible Common Equity
Total shareholders’ equity—GAAP		$	531,367			$	569,688			$	558,954			$	565,499			$	584,001
Adjustments:
Preferred stock			(110,548	)			(110,548	)			(110,548	)			(110,548	)			(110,548	)
Goodwill			(7,927	)			(7,927	)			(7,927	)			(7,927	)			(7,927	)
Other intangible assets, net			(6,849	)			(7,495	)			(8,159	)			(8,876	)			(9,619	)
Tangible common equity		$	406,043			$	443,718			$	432,320			$	438,148			$	455,907
Less: Accumulated other comprehensive loss (AOCI)			(122,197	)			(67,931	)			(69,582	)			(60,333	)			(62,966	)
Tangible common equity, excluding AOCI		$	528,240			$	511,649			$	501,902			$	498,481			$	518,873
Total Assets to Tangible Assets:
Total assets—GAAP		$	6,816,842			$	6,700,616			$	6,547,963			$	6,513,420			$	6,911,515
Adjustments:
Goodwill			(7,927	)			(7,927	)			(7,927	)			(7,927	)			(7,927	)
Other intangible assets, net			(6,849	)			(7,495	)			(8,159	)			(8,876	)			(9,619	)
Tangible assets		$	6,802,066			$	6,685,194			$	6,531,877			$	6,496,617			$	6,893,969
Common Shares Outstanding			20,801,859				20,725,814				20,813,975				21,169,854				21,543,557
Tangible Common Equity to Tangible Assets			5.97	%			6.64	%			6.62	%			6.74	%			6.61	%
Tangible Book Value Per Share		$	19.52			$	21.41			$	20.77			$	20.70			$	21.16
Tangible Book Value Per Share, excluding AOCI		$	25.39			$	24.69			$	24.11			$	23.55			$	24.08

A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/b44a02c8-6774-4b9a-85d3-b36bef4cca8a

Phoenix, Oct. 22, 2026 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the second quarter ended September 26, 2026 on Thursday, October 29, 2026 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, October 30, 2026 at 1:00 p.m. Eastern Time.

Date:   October 30, 2026

Time:   1:00 p.m. ET
           
Listen via Internet: https://investor.cavco.com/

Listen via Telephone: To participate in the call, please register here to receive the dial-in number and your unique PIN.

If you are unable to participate during the live webcast, the call will be available for 90 days on https://investor.cavco.com/.

Headquartered in Phoenix, Arizona, Cavco Industries, Inc. (Nasdaq: CVCO) designs and builds manufactured homes and modular homes, distributed nationwide through a network of independent and Company-owned retailers. Cavco is one of the largest manufactured and modular home builders in the United States, based on reported wholesale shipments, and is also a leading producer of park model RVs, vacation cabins, and factory-built commercial structures.

Cavco’s finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer, offering manufactured home loans — including conforming, non-conforming, and home-only financing — to buyers of manufactured and modular homes. Cavco’s insurance subsidiary, Standard Casualty, provides manufactured home insurance and other property and casualty coverage to manufactured homeowners.

Learn more about Cavco’s manufactured homes and modular homes at https://www.cavcohomes.com/.

For additional information, contact:

Mark Fusler Corporate Controller and Investor Relations investor_relations@cavco.com

Phone: 602-256-6263 On the Internet: www.cavcoindustries.com

MINNEAPOLIS, Oct. 22, 2026 (GLOBE NEWSWIRE) — CVRx, Inc. (NASDAQ: CVRX) (“CVRx”), a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases, today announced that it plans to release third quarter 2026 financial and operating results after market close on Thursday, Nov. 5, 2026. The Company will host a conference call to review its results at 4:30 p.m. Eastern Time the same day.

A live webcast of the investor conference call will be available online at the investor relations page of the Company’s website at ir.cvrx.com. To listen to the conference call on your telephone, please dial 1- 877-704-4453 for U.S. callers, or 1-201-389-0920 for international callers, approximately ten minutes prior to the start time.

About CVRx, Inc.
CVRx is a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases. Barostim™ is the first medical technology approved by FDA that uses neuromodulation to improve the symptoms of patients with heart failure. Barostim is an implantable device that delivers electrical pulses to baroreceptors located in the wall of the carotid artery. The therapy is designed to restore balance to the autonomic nervous system and thereby reduce the symptoms of heart failure. Barostim received the FDA Breakthrough Device designation and is FDA-approved for use in heart failure patients in the U.S. It has been certified as compliant with the EU Medical Device Regulation (MDR) and holds CE Mark for heart failure and resistant hypertension in the European Economic Area. To learn more about Barostim, visit www.cvrx.com.

Investor Contact:
Mark Klausner
ICR Healthcare
443-213-0501
ir@cvrx.com

Media Contact:
Emily Meyers
CVRx, Inc.
763-416-2853
emeyers@cvrx.com

SINGAPORE, Oct. 22, 2026 (GLOBE NEWSWIRE) — Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha”), a leading institutional digital asset financing platform, today announced that its wholly owned subsidiary, Antalpha Capital (HK) Limited, has entered into a share subscription agreement with Aurelion Inc. (NASDAQ: AURE) (“Aurelion” or the “Company”). Under the agreement, Antalpha, through Antalpha Capital (HK) Limited, will subscribe for 952,381 newly issued Class B ordinary shares of Aurelion at a price of US$2.10 per share, for aggregate gross proceeds to Aurelion of approximately US$2 million (the “Subscription”). The Subscription is expected to close as soon as practicable, subject to customary closing conditions and a long-stop date of December 21, 2026.

Antalpha currently holds 31.7% of the ordinary shares of Aurelion’s issued and outstanding shares, based on Aurelion’s outstanding shares/pre-funded warrants/primary warrants, representing approximately 77.5% of Aurelion’s total voting power. Upon completion of the subscription, Antalpha is expected to hold approximately 33.4% of Aurelion’s issued and outstanding shares, based on Aurelion’s outstanding shares/pre-funded warrants/primary warrants representing approximately 78.8% of Aurelion’s total voting rights.

“Increasing our investment in Aurelion reflects our continued confidence in its strategy and the long-term potential of tokenized gold,” said Paul Liang, Chief Financial Officer of Antalpha. “Aurelion’s focus on digital gold infrastructure complements our expertise in financing and risk management. Through this additional commitment, we are supporting the development of practical institutional applications for tokenized gold, with disciplined execution and long-term shareholder value as our priorities.”

“Antalpha’s continued support as our controlling shareholder reinforces its commitment to Aurelion’s next phase of development,” said Frank Zheng, Chief Executive Officer of Aurelion. “Upon closing, this investment would provide additional financial flexibility as we advance our digital gold business. Our focus is on building the technology and risk-management capabilities that institutions need to use tokenized gold with confidence.”

About Antalpha

Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to the Web3 industry. Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data. Building on this foundation, Antalpha is also exploring AI-powered tools to help users navigate the digital asset space more effectively.

About Aurelion

Aurelion is a publicly listed company building a digital gold risk and technology infrastructure around XAU₮, on-chain gold backed by physical LBMA bars. Combining the characteristics of physical gold with the efficiency of blockchain technology, XAU₮ serves as the foundation of Aurelion’s digital gold treasury strategy. The Company is committed to the prudent management and efficient utilization of its proprietary digital gold holdings, while providing risk management and technical support for selected tokenized gold initiatives. Through its technology-driven approach, Aurelion seeks to contribute to the responsible development and broader adoption of digital gold and tokenized asset solutions.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Antalpha’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Antalpha’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Antalpha does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts

Investor Contact: ir@antalpha.com

Company to host conference call and webcast on Thursday, November 5 at 4:30 p.m. ET

FocalTherics™ to Announce Third Quarter 2026 Financial Results on November 5, 2026

Company to host conference call and webcast on Thursday, November 5 at 4:30 p.m. ET

AUSTIN, Texas, Oct. 22, 2026 (GLOBE NEWSWIRE) — FocalTherics (Nasdaq: FOCL) (the “Company”), a global leader in robotic focal therapy, today announced that it will release its financial results for the third quarter ended September 30, 2026, after market close on Thursday, November 5, 2026.

An accompanying conference call and webcast will be conducted by Ryan Rhodes, Chief Executive Officer, and Ken Mobeck, Chief Financial Officer. Please refer to the information below for conference call dial-in information and webcast registration.

Call Details:

Date:	Thursday, November 5, 2026, at 4:30 p.m. Eastern Time
Domestic:	1-833-419-0865
International:	1-785-838-9333
Passcode:	FOCAL
Webcast:	https://viavid.webcasts.com/starthere.jsp?ei=1776674&tp_key=37ee4700b1

About FocalTherics
A recognized leader in robotic focal therapy, FocalTherics develops, manufactures, and markets minimally invasive medical devices worldwide to treat various conditions using proprietary focused ultrasound technology. The Company’s flagship platform, Focal One® Robotic HIFU, combines advanced imaging, real-time treatment planning, robotic precision, and HIFU technology to deliver personalized focal therapy designed to optimize clinical outcomes while preserving quality of life.

Investor Contacts
Louisa Smith
Gilmartin Group
investor.relations@focalone.com

3rd Quarter 2026 Highlights:

• Net income was a record $105 million for the current quarter, an increase of $6.7 million, or 7 percent, from the prior quarter net income of $97.9 million and an increase of $36.7 million, or 54 percent, from the prior year third quarter net income of $67.9 million.
• Diluted earnings per share for the current quarter was $0.80, an increase of $0.05 per share, or 7 percent, from the prior quarter diluted earnings per share of $0.75 and an increase of $0.23 per share, or 40 percent, from the prior year third quarter diluted earnings per share of $0.57.
• Operating diluted earnings per share¹ for the current quarter was $0.81, an increase of $0.05 per share, or 7 percent, from the prior quarter operating diluted earnings per share of $0.76 and an increase of $0.19 per share, or 31 percent, from the prior year third quarter operating diluted earnings per share of $0.62.
• Net interest income for the current quarter was $290 million, an increase of $13.5 million, or 5 percent, from the prior quarter net interest income of $276 million and an increase of $65 million, or 29 percent, from the prior year third quarter net interest income of $225 million.
• The loan portfolio of $21.620 billion at September 30, 2026, increased $256 million, or 5 percent annualized, from the prior quarter. 
• Total deposits of $25.273 billion for the current quarter increased $619 million, or 10 percent annualized, from the prior quarter.
• Total non-interest bearing deposits of $7.702 billion for the current quarter increased $279 million, or 15 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 4.01 percent, an increase of 11 basis points from the prior quarter net interest margin of 3.90 percent and an increase of 62 basis points from the prior year third quarter net interest margin of 3.39 percent.
• The total earning assets yield of 5.23 percent in the current quarter increased 9 basis points from the prior quarter earning assets yield of 5.14 percent and increased 37 basis points from the prior year third quarter earning assets yield of 4.86 percent.
• The core deposit cost (including non-interest bearing deposits) of 1.17 percent in the current quarter decreased 1 basis point from the prior quarter core deposit cost of 1.18 percent and decreased 6 basis points from the prior year third quarter core deposit cost of 1.23 percent.
• The total cost of funding (including non-interest bearing deposits) of 1.32 percent in the current quarter decreased 1 basis point from the prior quarter total cost of funding of 1.33 percent and decreased 26 basis points from the prior year third quarter total cost of funding of 1.58 percent.
• The Company declared a quarterly dividend of $0.35 per share, an increase of $0.02, or 6 percent, over the prior quarter. The Company has declared 166 consecutive quarterly dividends and has increased the dividend 50 times.

Year-to-Date 2026 Highlights:

• Net income for the first nine months of 2026 was $285 million, an increase of $109 million, or 62 percent, from the prior year first nine months net income of $175 million.
• Diluted earnings per share for the first nine months of 2026 was $2.18, an increase of $0.67 per share, or 44 percent, from the prior year first nine months diluted earnings per share of $1.51.
• Operating diluted earnings per share for the first nine months of 2026 was $2.26, an increase of $0.59 per share, or 35 percent, from the prior year first nine months operating diluted earnings per share of $1.67.
• Net interest income for the first nine months of 2026 was $835 million, an increase of $212 million, or 34 percent, from the prior year first nine months net interest income of $623 million.
• The loan portfolio increased $2.829 billion, or 15 percent, from the prior year third quarter. 
• Total deposits increased $3.402 billion, or 16 percent, from the prior year third quarter.
• The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first nine months of 2026 was 3.90 percent, an increase of 69 basis points from the prior year first nine months net interest margin of 3.21 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.
• Dividends declared in the first nine months of 2026, were $1.01 per share, an increase of $0.02, or 2 percent, over the prior year first nine months of $0.99 per share. 

Financial Summary

	At or for the Three Months ended													At or for the Nine Months ended
(Dollars in thousands, except per share and market data)	Sep 30, 2026				Jun 30, 2026			Mar 31, 2026			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025
Performance results
Net income	$	104,562			97,862			82,144			67,900			284,568			175,249
Basic earnings per share	$	0.80			0.75			0.63			0.57			2.19			1.51
Diluted earnings per share	$	0.80			0.75			0.63			0.57			2.18			1.51
Operating diluted earnings per share (non-GAAP)1	$	0.81			0.76			0.70			0.62			2.26			1.67
Dividends declared per share	$	0.35			0.33			0.33			0.33			1.01			0.99
Market value per share
Closing	$	43.20			51.58			44.67			48.67			43.20			48.67
High	$	54.58			52.16			53.99			50.54			54.58			52.81
Low	$	43.03			44.26			41.87			42.08			41.87			36.76
Selected ratios and other data
Number of common stock shares outstanding		130,218,983			130,202,054			130,124,378			118,552,847			130,218,983			118,552,847
Average outstanding shares – basic		130,214,868			130,167,496			130,052,858			118,552,231			130,145,667			116,316,754
Average outstanding shares – diluted		130,433,235			130,346,888			130,242,765			118,628,434			130,324,260			116,382,822
Return on average assets (annualized)		1.31	%		1.25	%		1.05	%		0.93	%		1.20	%		0.82	%
Return on average equity (annualized)		9.53	%		9.13	%		7.82	%		7.52	%		8.84	%		6.82	%
Efficiency ratio		56.08	%		56.65	%		63.05	%		62.05	%		58.51	%		63.12	%
Operating efficiency ratio (non-GAAP)1		55.75	%		56.21	%		59.25	%		58.87	%		57.03	%		61.83	%
Loan to deposit ratio		85.69	%		86.84	%		85.18	%		86.11	%		85.69	%		86.11	%
Number of full time equivalent employees		4,111			4,125			4,139			3,649			4,111			3,649
Number of locations		282			282			282			248			282			248
Number of ATMs		338			339			337			298			338			298

______________________________
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., Oct. 22, 2026 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $104.6 million for the current quarter, an increase of $6.7 million, or 7 percent, from the prior quarter net income of $97.9 million and an increase of $36.7 million, or 54 percent, from the prior year third quarter net income of $67.9 million. Diluted earnings per share for the current quarter was $0.80, an increase of $0.05 per share, or 7 percent, from the prior quarter diluted earnings per share of $0.75 and an increase of $0.23 per share, or 40 percent, from the prior year third quarter diluted earnings per share of $0.57. Operating diluted earnings per share for the current quarter was $0.81, an increase of $0.05 per share, or 7 percent, from the prior quarter operating diluted earnings per share of $0.76 and an increase of $0.19 per share, or 31 percent, from the prior year third quarter operating diluted earnings per share of $0.62. The current quarter included $1.9 million of compensation from acquisition-related employment agreements and $844 thousand of gains from the sale of former branch facilities and disposal of fixed assets. “Our strong third quarter results clearly demonstrate the power of the Glacier franchise,” said Randy Chesler, President and Chief Executive Officer. “We generated record net income, expanded margin for the eleventh consecutive quarter, increased deposits and delivered solid loan growth. We are well positioned to return to our historical levels of performance as continued balance sheet repricing drives improved profitability and the Glacier franchise continues to grow.”

Net income for the first nine months of 2026 was $285 million, an increase of $110 million, or 63 percent, from the prior year first nine months net income of $175 million which was driven primarily by the increase in net interest income from the improvement in the net interest margin. Diluted earnings per share for the first nine months of 2026 was $2.18, an increase of $0.67 per share, or 44 percent, from the prior year first nine months diluted earnings per share of $1.51. Operating diluted earnings per share for the first nine months of 2026 was $2.26, an increase of $0.59 per share, or 35 percent, from the prior year first nine months of 2025 operating diluted earnings per share of $1.67.

Asset Summary

														$ Change from
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Cash and cash equivalents	$	1,506,781			1,056,679			1,235,261			854,244			450,102			271,520			652,537
Debt securities, available-for-sale		3,595,063			3,482,725			4,007,512			3,916,189			112,338			(412,449	)		(321,126	)
Debt securities, held-to-maturity		2,817,933			3,004,758			3,110,216			3,155,901			(186,825	)		(292,283	)		(337,968	)
Total debt securities		6,412,996			6,487,483			7,117,728			7,072,090			(74,487	)		(704,732	)		(659,094	)
Loans receivable1
Residential real estate		2,104,815			2,111,683			2,457,907			1,926,448			(6,868	)		(353,092	)		178,367
Commercial real estate		14,432,233			14,155,059			13,565,512			12,045,446			277,174			866,721			2,386,787
Other commercial		3,613,414			3,615,240			3,497,829			3,451,177			(1,826	)		115,585			162,237
Home equity		1,050,852			1,054,110			977,206			980,472			(3,258	)		73,646			70,380
Other consumer		418,216			427,631			429,342			387,443			(9,415	)		(11,126	)		30,773
Loans receivable		21,619,530			21,363,723			20,927,796			18,790,986			255,807			691,734			2,828,544
Allowance for credit losses		(259,668	)		(260,025	)		(255,319	)		(229,077	)		357			(4,349	)		(30,591	)
Loans receivable, net		21,359,862			21,103,698			20,672,477			18,561,909			256,164			687,385			2,797,953
Other assets		3,011,165			2,951,141			2,952,597			2,527,384			60,024			58,568			483,781
Total assets	$	32,290,804			31,599,001			31,978,063			29,015,627			691,803			312,741			3,275,177

______________________________
¹ In connection with the Guaranty core system conversion, Guaranty loans were reclassified in the first quarter 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.

Total debt securities of $6.413 billion at September 30, 2026, decreased $74.5 million, or 1 percent, during the current quarter and decreased $659 million, or 9 percent, from the prior year third quarter. The Company selectively purchased debt securities during the current quarter with the Company’s excess liquidity position. Debt securities represented 20 percent of total assets at September 30, 2026, compared to 21 percent at June 30, 2026, and 24 percent at September 30, 2025.

The loan portfolio of $21.620 billion at September 30, 2026, increased $256 million, or 5 percent annualized, from the prior quarter. The loan portfolio increased $2.829 billion, or 15 percent, from the prior year third quarter. Excluding the Guaranty acquisition on October 1, 2025, the loan portfolio increased $726 million, or 4 percent, from the prior year third quarter.

Credit Quality Summary

	At or for the Nine Months ended				At or for the Six Months ended			At or for the Year ended			At or for the Nine Months ended
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Allowance for credit losses
Balance at beginning of period	$	255,319			255,319			206,041			206,041
Acquisitions		—			—			154			35
Provision for credit losses		19,282			13,639			61,846			29,355
Charge-offs		(18,578	)		(11,562	)		(18,682	)		(11,276	)
Recoveries		3,645			2,629			5,960			4,922
Balance at end of period	$	259,668			260,025			255,319			229,077
Provision for credit losses
Loan portfolio	$	19,282			13,639			61,846			29,355
Unfunded loan commitments		(1,754	)		(1,220	)		9,554			6,382
Total provision for credit losses	$	17,528			12,419			71,400			35,737
Other real estate owned	$	4,882			1,219			284			1,376
Other foreclosed assets		338			322			127			37
Accruing loans 90 days or more past due		17,219			15,867			5,997			7,449
Non-accrual loans		68,202			74,441			62,487			45,450
Total non-performing assets	$	90,641			91,849			68,895			54,312
Non-performing assets as a percentage of subsidiary assets		0.28	%		0.29	%		0.22	%		0.19	%
Allowance for credit losses as a percentage of non-performing loans		304	%		288	%		373	%		433	%
Allowance for credit losses as a percentage of total loans		1.20	%		1.22	%		1.22	%		1.22	%
Net charge-offs as a percentage of total loans		0.07	%		0.04	%		0.06	%		0.03	%
Accruing loans 30-89 days past due	$	58,149			65,483			78,826			39,524
U.S. government guarantees included in non-performing assets	$	4,657			7,497			8,733			10,358

Early stage delinquencies (accruing loans 30-89 days past due) of $58.1 million at September 30, 2026, decreased $7.3 million from the prior quarter and increased $18.6 million from the prior year third quarter. Early stage delinquencies as a percentage of loans at September 30, 2026, were 0.27 percent compared to 0.31 percent for the prior quarter and 0.21 percent for the prior year third quarter. Non-performing assets of $90.6 million at September 30, 2026, decreased $1.2 million, or 1 percent, over the prior quarter and increased $36.3 million, or 67 percent, over the prior year third quarter. 

The current quarter provision for credit loss expense of $5.1 million included $5.6 million of credit loss expense on loans and $534 thousand of credit loss benefit on unfunded loan commitments. The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.20 percent at September 30, 2026, compared to 1.22 percent at each of June 30, 2026, December 31, 2025, and September 30, 2025. Loan portfolio growth, composition, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the ACL on loans. 

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
Third quarter 2026	$	5,643		$	6,000		1.20	%		0.27	%		0.28	%
Second quarter 2026		10,125			5,871		1.22	%		0.31	%		0.29	%
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	%

Net charge-offs for the current quarter were $6.0 million compared to $5.9 million in the prior quarter and $2.9 million for the prior year third quarter. The current quarter net charge-offs included $3.5 million in deposit overdraft net charge-offs and $2.5 million 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 tables 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)	Sep 30, 2026			Jun 30, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Deposits
Non-interest bearing deposits	$	7,702,429		7,423,439		7,314,779		6,674,441		278,990			387,650			1,027,988
NOW and DDA accounts		6,139,924		6,192,363		6,236,551		5,805,816		(52,439	)		(96,627	)		334,108
Savings accounts		3,225,270		3,169,141		3,158,939		3,049,753		56,129			66,331			175,517
Money market deposit accounts		4,458,524		4,132,820		3,948,201		3,137,810		325,704			510,323			1,320,714
Certificate accounts		3,743,285		3,732,971		3,928,550		3,199,825		10,314			(185,265	)		543,460
Core deposits, total		25,269,432		24,650,734		24,587,020		21,867,645		618,698			682,412			3,401,787
Wholesale deposits		3,305		3,383		4,076		3,304		(78	)		(771	)		1
Deposits, total		25,272,737		24,654,117		24,591,096		21,870,949		618,620			681,641			3,401,788
Repurchase agreements		1,954,925		1,952,501		2,084,113		2,004,286		2,424			(129,188	)		(49,361	)
Deposits and repurchase agreements, total		27,227,662		26,606,618		26,675,209		23,875,235		621,044			552,453			3,352,427
Federal Home Loan Bank advances		—		—		440,000		895,022		—			(440,000	)		(895,022	)
Other borrowed funds		51,744		52,880		51,473		59,779		(1,136	)		271			(8,035	)
Finance lease liabilities		30,559		31,606		28,808		18,401		(1,047	)		1,751			12,158
Subordinated debentures		174,113		188,573		187,492		157,379		(14,460	)		(13,379	)		16,734
Other liabilities		466,865		406,302		381,260		401,523		60,563			85,605			65,342
Total liabilities	$	27,950,943		27,285,979		27,764,242		25,407,339		664,964			186,701			2,543,604

Total deposits of $25.273 billion at September 30, 2026, increased $619 million, or 10 percent annualized, during the current quarter and increased $3.402 billion, or 16 percent, from the prior year third quarter. Excluding a temporary quarter-end deposit expected to largely exit in the fourth quarter, total deposits increased $308 million, or 5 percent annualized, from the prior quarter. Excluding the Guaranty acquisition, total deposits increased $695 million, or 3 percent, from the prior year third quarter.

Non-interest bearing deposits of $7.702 billion at September 30, 2026, increased $279 million, or 15 percent annualized, during the current quarter and increased $1.028 billion, or 15 percent, from the prior year third quarter. Excluding the impact of the temporary quarter-end deposit, non-interest bearing deposits increased $197 million, or 11 percent annualized, from the prior quarter. Non-interest bearing deposits represented 30 percent of total deposits at each of September 30, 2026, and June 30, 2026, compared to 31 percent at September 30, 2025.

Stockholders’ Equity Summary

														$ Change from
(Dollars in thousands, except per share data)	Sep 30, 2026				Jun 30, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Common equity	$	4,546,197			4,484,316			4,380,931			3,801,178			61,881			165,266			745,019
Accumulated other comprehensive loss		(206,336	)		(171,294	)		(167,110	)		(192,890	)		(35,042	)		(39,226	)		(13,446	)
Total stockholders’ equity		4,339,861			4,313,022			4,213,821			3,608,288			26,839			126,040			731,573
Goodwill and intangibles, net		(1,469,156	)		(1,473,954	)		(1,483,552	)		(1,182,536	)		4,798			14,396			(286,620	)
Tangible stockholders’ equity (non-GAAP)1	$	2,870,705			2,839,068			2,730,269			2,425,752			31,637			140,436			444,953
Stockholders’ equity to total assets		13.44	%		13.65	%		13.18	%		12.44	%
Tangible stockholders’ equity to total tangible assets (non-GAAP)1		9.31	%		9.42	%		8.95	%		8.72	%
Book value per common share	$	33.33			33.13			32.42			30.44			0.20			0.91			2.89
Tangible book value per common share (non-GAAP)1	$	22.05			21.81			21.01			20.46			0.24			1.04			1.59

______________________________
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 $2.871 billion at September 30, 2026, increased $31.6 million, or 1 percent, compared to the prior quarter, primarily due to earnings retention. Tangible stockholders’ equity increased $445 million, or 18 percent, from the prior year third quarter, primarily due to $560 million of Company stock issued in connection with the Guaranty acquisition and earnings retention. The increase was partially offset by the increase in goodwill and core deposit intangible associated with the Guaranty acquisition. Tangible book value per common share of $22.05 at the current quarter end increased $0.24 per share, or 1 percent, from the prior quarter and increased $1.59 per share, or 8 percent, from the prior year third quarter. 

Cash Dividends
On September 22, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.35 per share, an increase of $0.02, or 6 percent, over the prior quarter. The dividend was payable on October 15, 2026, to shareholders of record on October 6, 2026. The dividend was the Company’s 166th 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. 

Operating Results for Three Months Ended September 30, 2026 
Compared to June 30, 2026, March 31, 2026, and September 30, 2025

Income Summary

	Three Months ended													$ Change from
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026			Mar 31, 2026			Sep 30, 2025			Jun 30, 2026			Mar 31, 2026			Sep 30, 2025
Net interest income
Interest income	$	379,980			365,220			362,337			325,003			14,760			17,643			54,977
Interest expense		90,084			88,792			93,660			99,624			1,292			(3,576	)		(9,540	)
Total net interest income		289,896			276,428			268,677			225,379			13,468			21,219			64,517
Non-interest income
Deposit service charges and other fees		17,187			16,351			15,265			14,676			836			1,922			2,511
Payment services		12,081			12,012			11,368			10,951			69			713			1,130
Miscellaneous loan fees and charges		2,585			2,558			2,279			2,005			27			306			580
Gain on sale of loans		4,754			5,007			5,108			5,027			(253	)		(354	)		(273	)
Other income		3,334			5,173			4,062			2,693			(1,839	)		(728	)		641
Total non-interest income		39,941			41,101			38,082			35,352			(1,160	)		1,859			4,589
Total income	$	329,837			317,529			306,759			260,731			12,308			23,078			69,106
Net interest margin (tax-equivalent)		4.01	%		3.90	%		3.80	%		3.39	%
Core net interest margin (tax-equivalent) (non-GAAP)1		3.95	%		3.86	%		3.73	%		3.35	%

______________________________
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 $290 million for the current quarter increased $13.5 million, or 5 percent, from the prior quarter net interest income of $276 million and increased $64.5 million, or 29 percent, from the prior year third quarter net interest income of $225 million. The current quarter interest income of $380 million increased $14.8 million, or 4 percent, over the prior quarter and increased $55.0 million, or 17 percent, over the prior year third quarter and was primarily driven by both increased loans and increased interest rates on the loan portfolio. The loan yield of 6.22 percent in the current quarter increased 10 basis points from the prior quarter loan yield of 6.12 percent and increased 25 basis points from the prior year third quarter loan yield of 5.97 percent.

The current quarter interest expense of $90.1 million increased $1.3 million, or 1 percent, from the prior quarter. Interest expense decreased $9.5 million, or 10 percent, from the prior year third quarter primarily due to a decrease in interest rates on deposits and a decrease in high cost borrowings. Core deposit cost (including non-interest bearing deposits) decreased to 1.17 percent in the current quarter compared to 1.18 percent in the prior quarter and 1.23 percent in the prior year third quarter. The total funding cost (including non-interest bearing deposits) decreased to 1.32 percent in the current quarter compared to 1.33 percent in the prior quarter and 1.58 percent in the prior year third quarter.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 4.01 percent, an increase of 11 basis points from the prior quarter net interest margin of 3.90 percent and was primarily driven by an increase in earning asset yields and a decrease in deposit costs. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter increased 62 basis points from the prior year third quarter net interest margin of 3.39 percent and was primarily driven by the increase in loan yields, the shift in the earning assets mix to higher yielding loans and the decrease in high cost borrowings. Core net interest margin was 3.95 percent in the current quarter compared to 3.86 percent in the prior quarter and 3.35 percent in the prior year third quarter. “The increase in both the net interest income and net interest margin during the current quarter reflects the continued increase in earning assets at higher yields combined with the increase in core deposits at lower costs (including non-interest bearing deposits),” said Ron Copher, Chief Financial Officer. “Over the last eleven consecutive quarters, net interest income has increased from $166 million to $290 million, or 75 percent, with the net interest margin increasing from 2.56 percent to 4.01 percent, or 57 percent.”

Non-interest Income
Non-interest income for the current quarter totaled $39.9 million, which was a decrease of $1.2 million, or 3 percent, over the prior quarter. Non-interest income increased $4.6 million, or 13 percent, over the prior year third quarter. Deposit service charges and other fees of $17.2 million for the current quarter increased $836 thousand, or 5 percent, compared to the prior quarter and increased $2.5 million, or 17 percent, from the prior year third quarter. Payment services of $12.1 million for the current quarter increased $69 thousand, or 1 percent, from the prior quarter and increased $1.1 million, or 10 percent, over the prior year third quarter. 

Non-interest Expense Summary

	Three Months ended									$ Change from
(Dollars in thousands)	Sep 30, 2026			Jun 30, 2026		Mar 31, 2026		Sep 30, 2025		Jun 30, 2026			Mar 31, 2026			Sep 30, 2025
Compensation and employee benefits	$	120,661		116,299		115,770		96,498		4,362			4,891			24,163
Occupancy and equipment		16,072		15,661		15,682		13,236		411			390			2,836
Advertising and promotions		5,085		5,092		5,256		4,620		(7	)		(171	)		465
Data processing		12,240		12,380		13,273		10,634		(140	)		(1,033	)		1,606
Other real estate owned and foreclosed assets		98		83		206		63		15			(108	)		35
Regulatory assessments and insurance		5,054		5,506		6,403		5,799		(452	)		(1,349	)		(745	)
Intangibles amortization		4,798		4,799		4,799		3,813		(1	)		(1	)		985
Other expenses		27,876		26,880		39,140		33,120		996			(11,264	)		(5,244	)
Total non-interest expense	$	191,884		186,700		200,529		167,783		5,184			(8,645	)		24,101

Total non-interest expense of $192 million for the current quarter increased $5.2 million, or 3 percent, over the prior quarter. Total non-interest expense increased $24.1 million, or 14 percent, over the prior year third quarter and was primarily driven by increased costs from the acquired banks. 

Compensation and employee benefits of $121 million for the current quarter increased by $4.4 million, or 4 percent, over the prior quarter, primarily due to increased performance-based compensation. Compensation and employee benefits increased $24.2 million, or 25 percent, from the prior year third quarter and was primarily driven by annual salary increases and increases in staffing levels from the acquired banks. Other expenses of $27.9 million decreased $5.2 million, or 16 percent, from the prior year third quarter and was primarily driven by $6.9 million of decreased acquisition-related expenses.

Acquisition-related expense was $92 thousand in the current quarter compared to $1.6 million in the prior quarter and $7.0 million in the prior year third quarter. In addition, compensation and employee benefits included $1.9 million of expense attributable to acquisition-related employment agreements in the current quarter compared to $2.5 million in the prior quarter and $641 thousand in the prior year third quarter.

Federal and State Income Tax Expense
Tax expense during the third quarter of 2026 was $28.3 million, an increase of $1.7 million, or 6 percent, compared to the prior quarter and an increase of $10.9 million, or 63 percent, from the prior year third quarter. The effective tax rate in the current quarter was 21.3 percent, compared to 21.4 percent in the prior quarter and 20.4 percent in the prior year third quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior year third quarter was primarily due to an increase in pre-tax income.

Efficiency Ratio
The efficiency ratio was 56.08 percent in the current quarter compared to 56.65 percent in the prior quarter and 62.05 percent in the prior year third quarter. The decrease from the prior quarter and prior year third quarter was primarily driven by an increase in net interest income which outpaced the increase in non-interest expense.

Operating Results for Nine Months. Ended September 30, 2026
Compared to September 30, 2025

Income Summary

	Nine Months ended
(Dollars in thousands)	Sep 30, 2026				Sep 30, 2025				$ Change				% Change
Net interest income
Interest income	$	1,107,537			$	923,043			$	184,494			20	%
Interest expense		272,536				300,069				(27,533	)		(9	)%
Total net interest income		835,001				622,974				212,027			34	%
Non-interest income
Deposit service charges and other fees		48,803				41,801				7,002			17	%
Payment Services		35,461				30,736				4,725			15	%
Miscellaneous loan fees and charges		7,422				5,586				1,836			33	%
Gain on sale of loans		14,869				13,611				1,258			9	%
Other income		12,569				9,204				3,365			37	%
Total non-interest income		119,124				100,938				18,186			18	%
Total Income	$	954,125			$	723,912			$	230,213			32	%
Net interest margin (tax-equivalent)		3.90	%			3.21	%
Core net interest margin (tax-equivalent) (non-GAAP)1		3.85	%			3.17	%

______________________________
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 $835 million for the first nine months of 2026 increased $212 million, or 34 percent, from the first nine months of the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $1.108 billion for the first nine months of 2026 increased $184 million, or 20 percent, from the prior year and was primarily attributable to the increase in the loan portfolio and an increase in loan yields. The loan yield was 6.17 percent during the first nine months of 2026, an increase of 30 basis points from the prior year first nine months loan yield of 5.87 percent. 

Interest expense of $273 million for the first nine months of 2026 decreased $27.5 million, or 9 percent, over the same period in the prior year and was primarily the result of lower interest rates on deposits and a decrease in higher cost borrowings. Core deposit cost (including non-interest bearing deposits) was 1.18 percent for the first nine months of 2026, which was a decrease of 6 basis points over the first nine months of the prior year core deposit cost of 1.24 percent. The total funding cost (including non-interest bearing deposits) for the first nine months of 2026 was 1.35 percent, which was a decrease of 28 basis points over the first nine months of the prior year funding cost of 1.63 percent.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first nine months of 2026 was 3.90 percent, a 69 basis points increase from the net interest margin of 3.21 percent for the first nine months of the prior year. Core net interest margin during the first nine months of 2026 was 3.85 percent compared to 3.17 percent in the prior year first nine months. The increase in net interest margin from the prior year was primarily driven by a 30 basis points increase in loan yields and a 28 basis points decrease in total funding costs, combined with a shift in earning asset mix to higher yielding loans and a shift in funding liabilities to lower cost deposits.

Non-interest Income 
Non-interest income of $119 million for the first nine months of 2026 increased $18.2 million, or 18 percent, over the first nine months of the prior year and was primarily driven by increased income from the acquired banks. Deposit service charges and other fees of $48.8 million for the first nine months of 2026 increased $7.0 million, or 17 percent, over the first nine months of the prior year. Payment services of $35.5 million for the first nine months of 2026 increased by $4.7 million, or 15 percent, over the first nine months of the prior year. 

Non-interest Expense Summary

	Nine Months ended
(Dollars in thousands)	Sep 30, 2026			Sep 30, 2025			$ Change				% Change
Compensation and employee benefits	$	352,730		$	282,296		$	70,434			25	%
Occupancy and equipment		47,415			38,088			9,327			24	%
Advertising and promotions		15,433			13,158			2,275			17	%
Data processing		37,893			29,655			8,238			28	%
Other real estate owned and foreclosed assets		387			152			235			155	%
Regulatory assessments and insurance		16,963			17,180			(217	)		(1	)%
Core deposit intangibles amortization		14,396			10,707			3,689			34	%
Other expenses		93,896			82,984			10,912			13	%
Total non-interest expense	$	579,113		$	474,220		$	104,893			22	%

Total non-interest expense of $579 million for the first nine months of 2026 increased $105 million, or 22 percent, over the first nine months of the prior year and was primarily driven by increased costs from the acquired banks. Compensation and employee benefits expense of $353 million in the first nine months of 2026 increased $70.4 million, or 25 percent, over the first nine months of the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Occupancy and equipment expense of $47.4 million in the first nine months of 2026 increased $9.3 million, or 24 percent, over the first nine months of the prior year primarily due to increased costs from the acquired banks. Data processing expense of $37.9 million in the first nine months of 2026 increased $8.2 million, or 28 percent, over the first nine months of the prior year primarily due to increased costs from the acquired banks. Other expenses of $93.9 million for the first nine months of 2026 increased $10.9 million, or 13 percent, from the first nine months of the prior year and was primarily driven by an increase in costs from acquisitions.

Acquisition-related expense was $10.6 million in the first nine months of the current year compared to $10.8 million in the prior year first nine months. In addition, compensation and employee benefits included $7.1 million of expense attributable to acquisition-related employment agreements in the first nine months of the current year compared to $1.4 million in the first nine months of the prior year.

Provision for Credit Losses
The provision for credit loss expense was $17.5 million for the first nine months of 2026, a decrease of $18.2 million, or 51 percent, over the same period in the prior year. Included in the first nine months of the prior year provision for credit losses was $16.7 million from the acquisition of Bank of Idaho Holding Co. and its subsidiary, Bank of Idaho. Net charge-offs for the first nine months of 2026 were $14.9 million compared to $6.4 million in the first nine months of 2025.

Federal and State Income Tax Expense
Tax expense of $72.9 million for the first nine months of 2026 increased $34.2 million, or 88 percent, over the same period in the prior year. The effective tax rate for the first nine months of 2026 was 20.4 percent compared to 18.1 percent for the same period in the prior year. The increases in tax expense and the effective tax rate were primarily the result of an increase in the pre-tax income.

Efficiency Ratio
The efficiency ratio was 58.51 percent for the first nine months of 2026 compared to 63.12 percent for the same period of 2025. The decrease from the prior year was primarily attributable to the increase in net interest income that 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;
• risks associated with the Company’s ability to negotiate, complete, and successfully integrate 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, October 23, 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/BIf897ad06750d4ea68674bf70f03fbe10. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/xhafbtnc.

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).

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 tables 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, expense, 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. 

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Financial Condition
(Dollars in thousands, except per share data)	Sep 30, 2026				Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Assets
Cash on hand and in banks	$	290,640			353,748			321,526			312,506
Interest bearing cash deposits		1,216,141			702,931			913,735			541,738
Cash and cash equivalents		1,506,781			1,056,679			1,235,261			854,244
Debt securities, available-for-sale		3,595,063			3,482,725			4,007,512			3,916,189
Debt securities, held-to-maturity		2,817,933			3,004,758			3,110,216			3,155,901
Total debt securities		6,412,996			6,487,483			7,117,728			7,072,090
Loans held for sale, at fair value		37,611			45,145			39,186			42,668
Loans receivable		21,619,530			21,363,723			20,927,796			18,790,986
Allowance for credit losses		(259,668	)		(260,025	)		(255,319	)		(229,077	)
Loans receivable, net		21,359,862			21,103,698			20,672,477			18,561,909
Premises and equipment, net		497,590			493,497			486,184			427,271
Right-of-use assets, net		73,983			76,428			75,574			54,502
Other real estate owned and foreclosed assets		5,220			1,541			411			1,413
Accrued interest receivable		131,863			120,254			120,092			120,257
Deferred tax asset		115,077			102,902			101,337			99,702
Intangibles, net		90,873			95,671			105,269			61,135
Goodwill		1,378,283			1,378,283			1,378,283			1,121,401
Federal Home Loan Bank stock, at cost		21,305			21,244			42,764			61,362
Bank-owned life insurance		237,496			235,984			235,090			191,996
Other assets		421,864			380,192			368,407			345,677
Total assets	$	32,290,804			31,599,001			31,978,063			29,015,627
Liabilities
Non-interest bearing deposits	$	7,702,429			7,423,439			7,314,779			6,674,441
Interest bearing deposits		17,570,308			17,230,678			17,276,317			15,196,508
Securities sold under agreements to repurchase		1,954,925			1,952,501			2,084,113			2,004,286
FHLB advances		—			—			440,000			895,022
Other borrowed funds		51,744			52,880			51,473			59,779
Finance lease liabilities		30,559			31,606			28,808			18,401
Subordinated debentures		174,113			188,573			187,492			157,379
Accrued interest payable		32,871			29,542			32,786			27,733
Operating lease liabilities		50,039			51,320			52,869			41,367
Other liabilities		383,955			325,440			295,605			332,423
Total liabilities		27,950,943			27,285,979			27,764,242			25,407,339
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		1,302			1,302			1,300			1,186
Paid-in capital		3,232,684			3,229,635			3,220,064			2,657,469
Retained earnings – substantially restricted		1,312,211			1,253,379			1,159,567			1,142,523
Accumulated other comprehensive loss		(206,336	)		(171,294	)		(167,110	)		(192,890	)
Total stockholders’ equity		4,339,861			4,313,022			4,213,821			3,608,288
Total liabilities and stockholders’ equity	$	32,290,804			31,599,001			31,978,063			29,015,627

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Operations
	Three Months ended									Nine Months ended
(Dollars in thousands)	September 30, 2026			June 30, 2026		March 31, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Interest Income
Investment securities	$	44,964		42,890		45,126		45,348		132,980		135,142
Residential real estate loans		29,655		30,104		33,708		26,335		93,467		75,971
Commercial loans		279,000		266,123		258,616		228,363		803,739		640,567
Consumer and other loans		26,361		26,103		24,887		24,957		77,351		71,363
Total interest income		379,980		365,220		362,337		325,003		1,107,537		923,043
Interest Expense
Deposits		72,861		71,972		72,251		67,346		217,084		195,780
Securities sold under agreements to repurchase		13,582		13,227		13,619		14,706		40,428		42,548
Federal Home Loan Bank advances		—		—		4,226		14,271		4,226		52,796
Other borrowed funds		459		455		443		385		1,357		1,187
Subordinated debentures		3,182		3,138		3,121		2,916		9,441		7,758
Total interest expense		90,084		88,792		93,660		99,624		272,536		300,069
Net Interest Income		289,896		276,428		268,677		225,379		835,001		622,974
Provision for credit losses		5,109		6,355		6,064		7,656		17,528		35,737
Net interest income after provision for credit losses		284,787		270,073		262,613		217,723		817,473		587,237
Non-Interest Income
Deposit service charges and other fees		17,187		16,351		15,265		14,676		48,803		41,801
Payment services		12,081		12,012		11,368		10,951		35,461		30,736
Miscellaneous loan fees and charges		2,585		2,558		2,279		2,005		7,422		5,586
Gain on sale of loans		4,754		5,007		5,108		5,027		14,869		13,611
Gain (loss) on sale of securities		—		—		—		—		—		—
Other income		3,334		5,173		4,062		2,693		12,569		9,204
Total non-interest income		39,941		41,101		38,082		35,352		119,124		100,938
Non-Interest Expense
Compensation and employee benefits		120,661		116,299		115,770		96,498		352,730		282,296
Occupancy and equipment		16,072		15,661		15,682		13,236		47,415		38,088
Advertising and promotions		5,085		5,092		5,256		4,620		15,433		13,158
Data processing		12,240		12,380		13,273		10,634		37,893		29,655
Other real estate owned and foreclosed assets		98		83		206		63		387		152
Regulatory assessments and insurance		5,054		5,506		6,403		5,799		16,963		17,180
Intangibles amortization		4,798		4,799		4,799		3,813		14,396		10,707
Other expenses		27,876		26,880		39,140		33,120		93,896		82,984
Total non-interest expense		191,884		186,700		200,529		167,783		579,113		474,220
Income Before Income Taxes		132,844		124,474		100,166		85,292		357,484		213,955
Federal and state income tax expense		28,282		26,612		18,022		17,392		72,916		38,706
Net Income	$	104,562		97,862		82,144		67,900		284,568		175,249

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026				Dec 31, 2025				Sep 30, 2025
Tangible Equity
Total stockholders’ equity	$	4,339,861				4,313,022				4,213,821				3,608,288
Less: goodwill and intangible assets, net		(1,469,156	)			(1,473,954	)			(1,483,552	)			(1,182,536	)
Tangible stockholders’ equity (non-GAAP)	$	2,870,705				2,839,068				2,730,269				2,425,752
Tangible Assets
Total assets	$	32,290,804				31,599,001				31,978,063				29,015,627
Less: goodwill and intangible assets, net		(1,469,156	)			(1,473,954	)			(1,483,552	)			(1,182,536	)
Tangible assets (non-GAAP)	$	30,821,648				30,125,047				30,494,511				27,833,091
Tangible equity to tangible assets (non-GAAP)		9.31	%			9.42	%			8.95	%			8.72	%
Book value per share	$	33.33			$	33.13			$	32.42			$	30.44
Tangible book value per share (non-GAAP)	$	22.05			$	21.81			$	21.01			$	20.46

	At or for the Three Months ended													At or for the Nine Months ended
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026			Mar 31, 2026			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025
Core Net Interest Margin
Net interest income (tax equivalent)1	$	293,484			280,016			272,383			228,835			845,883			633,317
Purchase accounting		(4,122	)		(3,832	)		(5,140	)		(2,310	)		(13,095	)		(7,774	)
Non-accrual loan interest reversal (recovery)		130			825			(42	)		(104	)		914			100
Core net interest income (tax equivalent) (non-GAAP)	$	289,492			277,009			267,201			226,421			833,702			625,643
Average earning assets	$	29,069,918			28,793,343			29,078,665			26,815,927			28,980,610			26,353,065
Net interest margin (tax equivalent)		4.01	%		3.90	%		3.80	%		3.39	%		3.90	%		3.21	%
Core net interest margin (tax equivalent) (non-GAAP)		3.95	%		3.86	%		3.73	%		3.35	%		3.85	%		3.17	%

______________________________

¹ Includes tax effect of $3.6 million, $3.6 million $3.7 million and $3.5 million on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the three months ended September 30, 2026, June 30, 2026, March 31, 2026, and September 30, 2025, respectively. Includes tax effect of $10.9 million and $10.3 million on tax-exempt municipal loan and lease income, tax-exempt debt securities income and federal income tax credits for the nine months ended September 30, 2026, and September 30, 2025, respectively.

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations (continued)
	At or for the Three Months ended																At or for the Nine Months ended
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026				Mar 31, 2026				Sep 30, 2025				Sep 30, 2026				Sep 30, 2025
Operating Diluted Earnings Per Share
Net income	$	104,562				97,862				82,144				67,900				284,568				175,249
Provision for credit losses – acquisition ACL expense		—				—				—				—				—				16,693
Operating adjustments – non-interest income
BOLI proceeds		—				(63	)			(776	)			(251	)			(839	)			(1,364	)
Total operating adjustments – non-interest income		—				(63	)			(776	)			(251	)			(839	)			(1,364	)
Operating adjustments – non-interest expense
Acquisition-related compensation		1,874				2,462				2,775				641				7,110				1,436
Lease terminations		—				—				200				—				200				—
FDIC special assessment		—				—				(87	)			—				(87	)			(219	)
(Gain) loss on fixed assets		(844	)			(2,618	)			445				928				(3,017	)			(1,694	)
Acquisition-related expense		92				1,590				8,907				6,976				10,589				10,793
Total operating adjustments – non-interest expense		1,122				1,434				12,240				8,545				14,795				10,316
Tax impact		(278	)			(341	)			(3,028	)			(2,121	)			(3,647	)			(6,553	)
Net operating adjustments		844				1,030				8,436				6,173				10,309				19,092
Operating net income (non-GAAP)	$	105,406				98,892				90,580				74,073				294,877				194,341
Weighted average diluted common shares outstanding		130,433,235				130,346,888				130,242,765				118,628,434				130,324,260				116,382,822
Diluted EPS	$	0.80			$	0.75			$	0.63			$	0.57			$	2.18			$	1.51
Operating diluted EPS (non-GAAP)	$	0.81			$	0.76			$	0.70			$	0.62			$	2.26			$	1.67

Glacier Bancorp, Inc. Non-GAAP Financial Measures and Reconciliations (continued)
	At or for the Three Months ended																At or for the Nine Months ended
(Dollars in thousands)	September 30, 2026				June 30, 2026				March 31, 2026				September 30, 2025				September 30, 2026				September 30, 2025
Operating Efficiency Ratio
Non-interest expense	$	191,884			$	186,700			$	200,529			$	167,783			$	579,113			$	474,220
OREO expense		(91	)			(60	)			(16	)			(65	)			(168	)			(97	)
Intangible amortization		(4,798	)			(4,799	)			(4,799	)			(3,813	)			(14,396	)			(10,707	)
Total expenses		186,995				181,841				195,714				163,905				564,549				463,416
Operating expense adjustments (pre-tax)		(1,122	)			(1,434	)			(12,240	)			(8,545	)			(14,795	)			(10,316	)
Total operating non-interest expense (non-GAAP)		185,873				180,407				183,474				155,360				549,754				453,100
Net interest income (tax equivalent)		293,484				280,016				272,383				228,835				845,883				633,317
Non-interest income		39,941				41,101				38,082				35,352				119,124				100,938
OREO income		(7	)			(110	)			(35	)			(35	)			(152	)			(35	)
Total revenues		333,418				321,007				310,430				264,152				964,855				734,220
Operating revenue adjustments (pre-tax)		—				(63	)			(776	)			(251	)			(839	)			(1,364	)
Total revenues (non-GAAP)	$	333,418				320,944				309,654				263,901				964,016				732,856
Efficiency ratio		56.08	%			56.65	%			63.05	%			62.05	%			58.51	%			63.12	%
Efficiency ratio (non-GAAP)		55.75	%			56.21	%			59.25	%			58.87	%			57.03	%			61.83	%

Glacier Bancorp, Inc. Average Balance Sheets
	Three Months ended
	September 30, 2026									June 30, 2026
(Dollars in thousands)	Average Balance			Interest & Dividends			Average Yield/ Rate			Average Balance			Interest & Dividends			Average Yield/ Rate
Assets
Residential real estate loans	$	2,118,156		$	29,655		5.60	%		$	2,172,055		$	30,104		5.54	%
Commercial loans1		17,879,132			280,597		6.23	%			17,562,322			267,705		6.11	%
Consumer and other loans		1,476,570			26,361		7.08	%			1,479,518			26,103		7.08	%
Total loans2		21,473,858			336,613		6.22	%			21,213,895			323,912		6.12	%
Tax-exempt debt securities3		1,604,570			14,127		3.52	%			1,624,487			14,246		3.51	%
Taxable debt securities4, 5		5,991,490			32,828		2.19	%			5,954,961			30,650		2.06	%
Total earning assets		29,069,918			383,568		5.23	%			28,793,343			368,808		5.14	%
Goodwill and intangibles		1,471,485									1,476,292
Non-earning assets		1,229,424									1,201,401
Total assets	$	31,770,827								$	31,471,036
Liabilities
Non-interest bearing deposits	$	7,535,227		$	—		—	%		$	7,298,710		$	—		—	%
NOW and DDA accounts		6,135,597			16,128		1.04	%			6,206,979			16,103		1.04	%
Savings accounts		3,198,811			5,768		0.72	%			3,170,155			5,451		0.69	%
Money market deposit accounts		4,150,413			21,397		2.05	%			4,052,361			20,154		1.99	%
Certificate accounts		3,720,634			29,537		3.15	%			3,807,368			30,233		3.18	%
Total core deposits		24,740,682			72,830		1.17	%			24,535,573			71,941		1.18	%
Wholesale deposits6		3,224			31		3.81	%			3,337			31		3.77	%
Repurchase agreements		2,002,455			13,582		2.69	%			1,995,035			13,227		2.66	%
FHLB advances		—			—		—	%			55			—		3.87	%
Subordinated debentures and other borrowed funds		272,160			3,641		5.31	%			271,589			3,593		5.31	%
Total funding liabilities		27,018,521			90,084		1.32	%			26,805,589			88,792		1.33	%
Other liabilities		399,951									364,792
Total liabilities		27,418,472									27,170,381
Stockholders’ Equity
Stockholders’ equity		4,352,355									4,300,655
Total liabilities and stockholders’ equity	$	31,770,827								$	31,471,036
Net interest income (tax-equivalent)				$	293,484								$	280,016
Net interest spread (tax-equivalent)							3.91	%								3.81	%
Net interest margin (tax-equivalent)							4.01	%								3.90	%

______________________________

¹ Includes tax effect of $1.6 million and $1.6 million on tax-exempt municipal loan and lease income for the three months ended September 30, 2026, and June 30, 2026, 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 $1.9 million and $1.9 million on tax-exempt debt securities income for the three months ended September 30, 2026, and June 30, 2026, respectively.
⁴ Includes interest income of $7.2 million and $7.0 million on average interest-bearing cash balances of $765.3 million and $772.3 million for the three months ended September 30, 2026, and June 30, 2026, respectively.
⁵ Includes tax effect of $69 thousand and $68 thousand on federal income tax credits for the three months ended September 30, 2026, and June 30, 2026, respectively.
⁶ Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

Glacier Bancorp, Inc. Average Balance Sheets (continued)
	Three Months ended
	September 30, 2026									September 30, 2025
(Dollars in thousands)	Average Balance			Interest & Dividends			Average Yield/ Rate			Average Balance			Interest & Dividends			Average Yield/ Rate
Assets
Residential real estate loans	$	2,118,156		$	29,655		5.60	%		$	1,962,831		$	26,335		5.37	%
Commercial loans1		17,879,132			280,597		6.23	%			15,351,367			229,915		5.94	%
Consumer and other loans		1,476,570			26,361		7.08	%			1,363,996			24,957		7.26	%
Total loans2		21,473,858			336,613		6.22	%			18,678,194			281,207		5.97	%
Tax-exempt debt securities3		1,604,570			14,127		3.52	%			1,583,554			14,068		3.55	%
Taxable debt securities4, 5		5,991,490			32,828		2.19	%			6,554,179			33,185		2.03	%
Total earning assets		29,069,918			383,568		5.23	%			26,815,927			328,460		4.86	%
Goodwill and intangibles		1,471,485									1,184,370
Non-earning assets		1,229,424									987,070
Total assets	$	31,770,827								$	28,987,367
Liabilities
Non-interest bearing deposits	$	7,535,227		$	—		—	%		$	6,550,398		$	—		—	%
NOW and DDA accounts		6,135,597			16,128		1.04	%			5,734,329			16,483		1.14	%
Savings accounts		3,198,811			5,768		0.72	%			2,995,538			5,843		0.77	%
Money market deposit accounts		4,150,413			21,397		2.05	%			3,136,019			16,783		2.12	%
Certificate accounts		3,720,634			29,537		3.15	%			3,217,199			28,195		3.48	%
Total core deposits		24,740,682			72,830		1.17	%			21,633,483			67,304		1.23	%
Wholesale deposits6		3,224			31		3.81	%			3,649			42		4.48	%
Repurchase agreements		2,002,455			13,582		2.69	%			1,986,620			14,706		2.94	%
FHLB advances		—			—		—	%			1,192,493			14,271		4.68	%
Subordinated debentures and other borrowed funds		272,160			3,641		5.31	%			236,375			3,301		5.54	%
Total funding liabilities		27,018,521			90,084		1.32	%			25,052,620			99,624		1.58	%
Other liabilities		399,951									353,452
Total liabilities		27,418,472									25,406,072
Stockholders’ Equity
Stockholders’ equity		4,352,355									3,581,295
Total liabilities and stockholders’ equity	$	31,770,827								$	28,987,367
Net interest income (tax-equivalent)				$	293,484								$	228,836
Net interest spread (tax-equivalent)							3.91	%								3.28	%
Net interest margin (tax-equivalent)							4.01	%								3.39	%

______________________________

¹ Includes tax effect of $1.6 million and $1.6 million on tax-exempt municipal loan and lease income for the three months ended September 30, 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 $1.9 million and $1.8 million on tax-exempt debt securities income for the three months ended September 30, 2026, and 2025, respectively.
⁴ Includes interest income of $7.2 million and $6.7 million on average interest-bearing cash balances of $765.3 million and $600.3 million for the three months ended September 30, 2026, and 2025, respectively.
⁵ Includes tax effect of $69 thousand and $150 thousand on federal income tax credits for the three months ended September 30, 2026, and 2025, respectively.
⁶ Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

Glacier Bancorp, Inc. Average Balance Sheets (continued)
	Nine Months ended
	September 30, 2026									September 30, 2025
(Dollars in thousands)	Average Balance			Interest & Dividends			Average Yield/ Rate			Average Balance			Interest & Dividends			Average Yield/ Rate
Assets
Residential real estate loans	$	2,216,004		$	93,467		5.62	%		$	1,929,897		$	75,971		5.25	%
Commercial loans1		17,551,741			808,589		6.16	%			14,780,437			645,221		5.84	%
Consumer and other loans		1,460,770			77,351		7.08	%			1,334,462			71,363		7.15	%
Total loans2		21,228,515			979,407		6.17	%			18,044,796			792,555		5.87	%
Tax-exempt debt securities3		1,625,399			42,825		3.51	%			1,594,355			42,003		3.51	%
Taxable debt securities4, 5		6,126,696			96,187		2.09	%			6,713,914			98,828		1.96	%
Total earning assets		28,980,610			1,118,419		5.16	%			26,353,065			933,386		4.74	%
Goodwill and intangibles		1,476,286									1,146,519
Non-earning assets		1,211,434									918,154
Total assets	$	31,668,330								$	28,417,738
Liabilities
Non-interest bearing deposits	$	7,355,903		$	—		—	%		$	6,267,432		$	—		—	%
NOW and DDA accounts		6,169,973			48,128		1.04	%			5,645,862			47,593		1.13	%
Savings accounts		3,177,733			16,719		0.70	%			2,921,024			16,404		0.75	%
Money market deposit accounts		4,056,148			60,629		2.00	%			2,996,375			45,698		2.04	%
Certificate accounts		3,807,656			91,512		3.21	%			3,193,843			85,937		3.60	%
Total core deposits		24,567,413			216,988		1.18	%			21,024,536			195,632		1.24	%
Wholesale deposits6		3,391			96		3.80	%			4,289			148		4.58	%
Repurchase agreements		2,023,595			40,428		2.67	%			1,909,939			42,548		2.98	%
FHLB advances		119,286			4,226		4.67	%			1,475,071			52,796		4.72	%
Subordinated debentures and other borrowed funds		270,417			10,798		5.34	%			228,191			8,945		5.24	%
Total funding liabilities		26,984,102			272,536		1.35	%			24,642,026			300,069		1.63	%
Other liabilities		379,197									339,599
Total liabilities		27,363,299									24,981,625
Stockholders’ Equity
Stockholders’ equity		4,305,031									3,436,113
Total liabilities and stockholders’ equity	$	31,668,330								$	28,417,738
Net interest income (tax-equivalent)				$	845,883								$	633,317
Net interest spread (tax-equivalent)							3.81	%								3.11	%
Net interest margin (tax-equivalent)							3.90	%								3.21	%

______________________________

¹ Includes tax effect of $4.9 million and $4.7 million on tax-exempt municipal loan and lease income for the nine months ended September 30, 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 $5.8 million and $5.2 million on tax-exempt debt securities income for the nine months ended September 30, 2026, and 2025, respectively.
⁴ Includes interest income of $22.4 million and $17.7 million on average interest-bearing cash balances of $810.1 million and $531.3 million for the nine months ended September 30, 2026, and 2025, respectively.
⁵ Includes tax effect of $205 thousand and $451 thousand on federal income tax credits for the nine months ended September 30, 2026, and 2025, respectively.
⁶ Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts with contractual maturities.

Glacier Bancorp, Inc. Loan Portfolio by Regulatory Classification
	Loans Receivable, by Loan Type																% Change from
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026				Dec 31, 2025				Sep 30, 2025				Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Custom and owner occupied construction	$	220,495			$	240,093			$	263,713			$	231,238			(8	)%		(16	)%		(5	)%
Pre-sold and spec construction		286,778				261,642				255,542				217,413			10	%		12	%		32	%
Total residential construction		507,273				501,735				519,255				448,651			1	%		(2	)%		13	%
Land development		232,326				232,548				263,262				197,981			—	%		(12	)%		17	%
Consumer land or lots		230,020				231,468				247,769				207,816			(1	)%		(7	)%		11	%
Unimproved land		271,226				256,084				167,796				137,720			6	%		62	%		97	%
Developed lots for operative builders		49,278				51,831				69,786				56,180			(5	)%		(29	)%		(12	)%
Commercial lots		141,700				131,320				155,631				99,220			8	%		(9	)%		43	%
Other construction		1,333,807				1,254,856				1,122,350				982,743			6	%		19	%		36	%
Total land, lot, and other construction		2,258,357				2,158,107				2,026,594				1,681,660			5	%		11	%		34	%
Owner occupied		3,931,551				3,928,083				3,950,726				3,570,671			—	%		—	%		10	%
Non-owner occupied		5,346,391				5,195,855				4,859,173				4,333,302			3	%		10	%		23	%
Total commercial real estate		9,277,942				9,123,938				8,809,899				7,903,973			2	%		5	%		17	%
Commercial and industrial		1,651,586				1,687,362				1,649,101				1,554,832			(2	)%		—	%		6	%
Agriculture		1,311,884				1,313,581				1,282,861				1,189,948			—	%		2	%		10	%
First lien		2,994,354				2,996,965				3,098,023				2,579,418			—	%		(3	)%		16	%
Junior lien		114,112				110,601				106,205				81,568			3	%		7	%		40	%
Total 1-4 family		3,108,466				3,107,566				3,204,228				2,660,986			—	%		(3	)%		17	%
Multifamily residential		1,102,092				1,075,562				1,019,484				969,573			2	%		8	%		14	%
Home equity lines of credit		1,088,925				1,089,052				1,076,201				1,056,757			—	%		1	%		3	%
Other consumer		217,260				222,289				237,393				192,501			(2	)%		(8	)%		13	%
Total consumer		1,306,185				1,311,341				1,313,594				1,249,258			—	%		(1	)%		5	%
States and political subdivisions		955,986				950,829				964,591				994,062			1	%		(1	)%		(4	)%
Other		177,370				178,847				177,375				180,711			(1	)%		—	%		(2	)%
Total loans receivable, including loans held for sale		21,657,141				21,408,868				20,966,982				18,833,654			1	%		3	%		15	%
Less loans held for sale1		(37,611	)			(45,145	)			(39,186	)			(42,668	)		(17	)%		(4	)%		(12	)%
Total loans receivable	$	21,619,530			$	21,363,723			$	20,927,796			$	18,790,986			1	%		3	%		15	%

______________________________

¹ Loans held for sale are primarily first lien 1-4 family loans.

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)	Sep 30, 2026			Jun 30, 2026		Dec 31, 2025		Sep 30, 2025		Sep 30, 2026		Sep 30, 2026		Sep 30, 2026
Custom and owner occupied construction	$	1,856		397		183		476		1,110		746		—
Pre-sold and spec construction		3,890		—		919		2,039		221		2,322		1,347
Total residential construction		5,746		397		1,102		2,515		1,331		3,068		1,347
Land development		864		1,022		898		917		7		—		857
Consumer land or lots		814		248		79		358		781		33		—
Developed lots for operative builders		113		113		456		456		—		—		113
Commercial lots		—		—		556		—		—		—		—
Other construction		370		500		129		—		—		—		370
Total land, lot and other construction		2,161		1,883		2,118		1,731		788		33		1,340
Owner occupied		8,386		5,174		3,969		5,237		3,045		4,447		894
Non-owner occupied		20,658		24,176		7,606		691		19,614		344		700
Total commercial real estate		29,044		29,350		11,575		5,928		22,659		4,791		1,594
Commercial and Industrial		18,898		24,436		27,308		24,165		17,621		1,007		270
Agriculture		9,784		10,592		3,549		5,408		6,867		2,917		—
First lien		16,849		16,733		15,816		8,388		12,807		3,441		601
Junior lien		1,947		2,302		1,776		765		1,823		124		—
Total 1-4 family		18,796		19,035		17,592		9,153		14,630		3,565		601
Multifamily residential		13		—		395		1,039		13		—		—
Home equity lines of credit		5,236		4,932		3,968		3,402		3,735		1,501		—
Other consumer		949		1,071		1,229		852		558		323		68
Total consumer		6,185		6,003		5,197		4,254		4,293		1,824		68
Other		14		153		59		119		—		14		—
Total	$	90,641		91,849		68,895		54,312		68,202		17,219		5,220

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification (continued)
	Accruing 30-89 Days Delinquent Loans, by Loan Type												% Change from
(Dollars in thousands)	Sep 30, 2026			Jun 30, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2026			Dec 31, 2025			Sep 30, 2025
Custom and owner occupied construction	$	716		$	2,277		$	533		$	305		(69	)%		34	%		135	%
Pre-sold and spec construction		368			4,498			1,189			—		(92	)%		(69	)%		n/m
Total residential construction		1,084			6,775			1,722			305		(84	)%		(37	)%		255	%
Land development		1,155			2,290			3,994			—		(50	)%		(71	)%		n/m
Consumer land or lots		785			1,968			1,162			564		(60	)%		(32	)%		39	%
Unimproved land		410			18			—			33		2,178	%		n/m			1,142	%
Developed lots for operative builders		—			—			2,300			5,265		n/m			(100	)%		(100	)%
Commercial lots		—			180			965			—		(100	)%		(100	)%		n/m
Other construction		—			—			4,787			—		n/m			(100	)%		n/m
Total land, lot and other construction		2,350			4,456			13,208			5,862		(47	)%		(82	)%		(60	)%
Owner occupied		7,650			6,038			6,103			3,809		27	%		25	%		101	%
Non-owner occupied		2,840			18,064			15,388			7,615		(84	)%		(82	)%		(63	)%
Total commercial real estate		10,490			24,102			21,491			11,424		(56	)%		(51	)%		(8	)%
Commercial and industrial		9,594			4,787			10,215			3,711		100	%		(6	)%		159	%
Agriculture		1,710			6,537			2,390			2,104		(74	)%		(28	)%		(19	)%
First lien		22,065			7,292			19,699			5,357		203	%		12	%		312	%
Junior lien		1,536			1,279			20			—		20	%		7,580	%		n/m
Total 1-4 family		23,601			8,571			19,719			5,357		175	%		20	%		341	%
Multifamily Residential		—			278			150			150		(100	)%		(100	)%		(100	)
Home equity lines of credit		5,365			5,354			5,415			7,421		—	%		(1	)%		(28	)%
Other consumer		1,739			1,990			1,866			1,751		(13	)%		(7	)%		(1	)%
Total consumer		7,104			7,344			7,281			9,172		(3	)%		(2	)%		(23	)%
States and political subdivisions		30			—			—			—		n/m			n/m			n/m
Other		2,186			2,633			2,650			1,439		(17	)%		(18	)%		52	%
Total	$	58,149		$	65,483		$	78,826		$	39,524		(11	)%		(26	)%		47	%

______________________________

n/m – not measurable

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification (continued)
	Net Charge-Offs (Recoveries), Year-to-Date Period Ending, By Loan Type													Charge-Offs		Recoveries
(Dollars in thousands)	Sep 30, 2026				Jun 30, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026		Sep 30, 2026
Land development	$	—			—			(358	)		(358	)		—		—
Consumer land or lots		—			—			(5	)		(5	)		—		—
Developed lots for operative builders		—			—			(8	)		—			—		—
Total land, lot and other construction		—			—			(371	)		(363	)		—		—
Owner occupied		282			256			(2	)		(1	)		375		93
Non-owner occupied		484			308			2,232			(11	)		559		75
Total commercial real estate		766			564			2,230			(12	)		934		168
Commercial and industrial		4,243			2,298			2,104			655			4,508		265
Agriculture		3			—			(112	)		(111	)		9		6
First lien		152			119			(182	)		(158	)		240		88
Junior lien		(26	)		(22	)		(38	)		(34	)		—		26
Total 1-4 family		126			97			(220	)		(192	)		240		114
Multifamily residential		409			409			—			—			409		—
Home equity lines of credit		91			78			43			(27	)		135		44
Other consumer		855			504			1,600			1,151			1,206		351
Total consumer		946			582			1,643			1,124			1,341		395
Other		8,440			4,983			7,448			5,253			11,137		2,697
Total	$	14,933			8,933			12,722			6,354			18,578		3,645

Visit our website at www.glacierbancorp.com

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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.

CONTACT:
Randall M. Chesler, CEO
(406) 751-4722

Ron J. Copher, CFO
(406) 751-7706