GLACIER BANCORP Business Summary

Glacier Bancorp, Inc. (GBCI) operates as a regional bank holding company providing commercial banking services through a decentralized network of community bank divisions across the Western United States. The company generates the majority of its revenue through net interest income, derived from the spread between interest earned on its diversified loan portfolio—including commercial real estate, agriculture, and residential loans—and interest paid on customer deposits. Secondary revenue streams include non-interest income from service charges, mortgage origination fees, and wealth management services. GBCI distinguishes itself through a "community-first" model where acquired banks retain local branding and autonomy while benefiting from the parent company’s scale and capital. In the competitive landscape of the Intermountain West and Pacific Northwest, GBCI competes directly with Zions Bancorporation, Columbia Banking System, and First Interstate BancSystem, maintaining a premium market position characterized by high asset quality and a unique acquisition strategy that prioritizes cultural fit over aggressive consolidation. The leadership team is headed by President and Chief Executive Officer Randall J. Chesler, who brought extensive experience from CIT Bank and GE Capital when he joined the firm in 2015. Supporting the executive suite is Byron J. Pollan, Executive Vice President and Chief Financial Officer, who previously held senior roles at Cullen/Frost Bankers, and Don J. Chery, Chief Banking Officer, who oversees the operational integration of the company’s diverse bank divisions. The technological infrastructure is managed by Chief Information Officer James Bruce, focusing on digital transformation and cybersecurity within the regional banking sector. As a publicly traded entity on the NASDAQ, Glacier Bancorp is backed by major institutional investors including The Vanguard Group, BlackRock, and State Street Corporation. The Board of Directors features a mix of regional business leaders, ensuring that the company’s decentralized strategy remains aligned with the local economies of the eleven states it serves.