Category: KB

MIL-OSI USA: Cotton, Colleagues Introduce Legislation to Increase Hospital Transparency for New and Expecting Parents

US Senate News:

Source: United States Senator for Arkansas Tom Cotton

FOR IMMEDIATE RELEASE
Contact: Caroline Tabler or Patrick McCann (202) 224-2353
July 24, 2025

Cotton, Colleagues Introduce Legislation to Increase Hospital Transparency for New and Expecting Parents

Washington, DC — Senators Tom Cotton (R-Arkansas), Cynthia Lummis (R-Wyoming), Cindy Hyde-Smith (R-Mississippi), and Rick Scott (R-Florida) today introduced the Neonatal Care Transparency Act, legislation that would require hospitals to publicly disclose at what life-saving care will be provided to an infant.

“When faced with an early birth parents should be able to ensure that the delivery hospital is equipped and prepared to provide care for their child. This bill will provide parents with the information needed to welcome their child into the world safely,” said Senator Cotton.

“Children are God’s greatest gift to the world, and expecting parents deserve peace of mind knowing their delivery hospital is fully prepared to care for their newborn. I am proud to join my colleagues in ensuring hospitals are transparent on how life-saving care will be provided to premature infants,” said Senator Lummis.

“Families shouldn’t face uncertainty during early labor about whether their premature baby will receive life-saving care from a hospital or not. When a baby’s survival is on the line, parents deserve clear information. I’m proud to support this legislation that requires hospitals to be transparent about their policies. It’s a commonsense measure that protects vulnerable infants and supports families in critical moments,” said Senator Hyde-Smith.

“Becoming a parent is one of the great things in this life, and parents deserve complete transparency throughout the process. This bill will ensure hospitals are upfront about the care they can provide so they’re giving families all the information they need to make the most informed decisions to protect their child,” said Senator Scott.

Bill text is here.

The Neonatal Care Transparency Act would:

Require hospitals to publicly disclose:

The minimum gestational age at which life-saving care will be provided to an infant in the case of a premature birth; and
The process by which the hospital would transfer the infant and mother to the nearest neonatal ICU if the hospital does not have the capacity to provide life-saving care to a preemie.

Require health care practitioners to disclose the policies above during an initial consultation.

MIL-OSI USA: Cotton, Colleagues Introduce Legislation to Increase Hospital Transparency for New and Expecting Parents

US Senate News:

Source: United States Senator for Arkansas Tom Cotton

FOR IMMEDIATE RELEASE
Contact: Caroline Tabler or Patrick McCann (202) 224-2353
July 24, 2025

Cotton, Colleagues Introduce Legislation to Increase Hospital Transparency for New and Expecting Parents

Washington, DC — Senators Tom Cotton (R-Arkansas), Cynthia Lummis (R-Wyoming), Cindy Hyde-Smith (R-Mississippi), and Rick Scott (R-Florida) today introduced the Neonatal Care Transparency Act, legislation that would require hospitals to publicly disclose at what life-saving care will be provided to an infant.

“When faced with an early birth parents should be able to ensure that the delivery hospital is equipped and prepared to provide care for their child. This bill will provide parents with the information needed to welcome their child into the world safely,” said Senator Cotton.

“Children are God’s greatest gift to the world, and expecting parents deserve peace of mind knowing their delivery hospital is fully prepared to care for their newborn. I am proud to join my colleagues in ensuring hospitals are transparent on how life-saving care will be provided to premature infants,” said Senator Lummis.

“Families shouldn’t face uncertainty during early labor about whether their premature baby will receive life-saving care from a hospital or not. When a baby’s survival is on the line, parents deserve clear information. I’m proud to support this legislation that requires hospitals to be transparent about their policies. It’s a commonsense measure that protects vulnerable infants and supports families in critical moments,” said Senator Hyde-Smith.

“Becoming a parent is one of the great things in this life, and parents deserve complete transparency throughout the process. This bill will ensure hospitals are upfront about the care they can provide so they’re giving families all the information they need to make the most informed decisions to protect their child,” said Senator Scott.

Bill text is here.

The Neonatal Care Transparency Act would:

Require hospitals to publicly disclose:

The minimum gestational age at which life-saving care will be provided to an infant in the case of a premature birth; and
The process by which the hospital would transfer the infant and mother to the nearest neonatal ICU if the hospital does not have the capacity to provide life-saving care to a preemie.

Require health care practitioners to disclose the policies above during an initial consultation.

From Trade to Technology: India-Maldives cooperation set to expand

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi concluded a landmark visit to the United Kingdom on Thursday, setting the stage for the next phase of his two-nation tour as he departed for the Maldives. This marks his third visit to the island nation and the first by a head of government during the tenure of Maldivian President Mohamed Muizzu.

The visit is expected to deepen the growing partnership between India and the Maldives, especially under the framework of the India-Maldives Joint Vision for a Comprehensive Economic and Maritime Security Partnership, adopted during President Muizzu’s visit to India in October 2024.

Expanding Economic Ties
India’s economic and trade relationship with the Maldives has transformed in recent years into a multi-dimensional partnership encompassing trade, infrastructure, finance, and technology. The foundation of this relationship was laid in 1981 when both countries signed a bilateral trade agreement under which India assured the export of essential commodities to the Maldives.

In April 2025, India approved the highest-ever quotas for essential goods exports to the Maldives, reaffirming its commitment to the welfare of its maritime neighbour.

Trade between the two nations has grown substantially-from crossing the USD 300 million mark in 2021 to exceeding USD 500 million in 2022. In 2023, bilateral trade stood at USD 548 million. This surge was driven by the launch of a dedicated cargo vessel service in September 2020 and several Lines of Credit (LoC) projects initiated since 2021. Visa-free access for Indian business travellers, granted in February 2022, further encouraged commercial engagement.

India primarily exports pharmaceuticals, engineering goods, cement, agricultural products, and construction materials to the Maldives. In return, scrap metals make up a bulk of Indian imports from the Maldives. Notably, duty-free tuna exports from the Maldives to India were introduced in August 2022, aiming to boost the island nation’s seafood sector.

Strategic Financial Cooperation
The State Bank of India (SBI), operational in the Maldives since 1974, has played a key role in supporting economic infrastructure by financing resort development and marine exports. In November 2022, India extended a USD 100 million financial support package via SBI Malè by subscribing to Maldivian government domestic T-bonds backed by a sovereign guarantee from India. The support was renewed in 2024 with an interest-free extension under a unique government-to-government arrangement.

In response to further budgetary needs, India offered an additional USD 400 million currency swap facility in October 2024. This follows a 2022 agreement signed between the Reserve Bank of India and the Maldives Monetary Authority under the SAARC framework, allowing up to USD 200 million in withdrawals.

Digital and FinTech Partnerships
In August 2024, India and the Maldives signed an agreement enabling the use of India’s Unified Payments Interface (UPI) in the Maldives. This development, facilitated during the visit of India’s External Affairs Minister to Malè, represents a critical step toward digital and financial integration between the two nations.

To further enhance economic cooperation, Maldivian Finance Minister Moosa Zameer visited New Delhi in December 2024 to participate in the Global Economic Policy Forum. He held bilateral meetings with India’s Finance Minister Nirmala Sitharaman and engaged with business leaders from the Confederation of Indian Industry (CII) to explore investment opportunities.

MIL-OSI USA: Shaheen, Colleagues Introduce Bipartisan Legislation to Exempt Small Businesses from Trump Tariffs on Canada

US Senate News:

Source: United States Senator for New Hampshire Jeanne Shaheen

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Foreign Relations Committee and a top member of the U.S. Senate Committee on Small Business and Entrepreneurship, joined U.S. Senators Peter Welch (D-VT), Chuck Schumer (D-NY), Lisa Murkowski (R-AK), Tim Kaine (D-VA), Susan Collins (R-ME), Ron Wyden (D-OR) and Ed Markey (D-MA) in introducing the Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, bipartisan legislation that would exempt United States-owned small businesses from the sweeping tariffs imposed on Canadian products.

“President Trump’s tariffs are increasing prices on everyday goods and making it harder for businesses and working families to get by,” said Senator Shaheen. “Canada is New Hampshire’s northern neighbor and largest trading partner, meaning Granite State small businesses are especially hard hit by these blanket tariffs. By shielding small businesses from rising costs incurred by the President’s trade war, our legislation would give Main Street some much-needed relief and certainty to plan for the future and keep their businesses afloat.”

The Trump administration has made more than 60 different tariff announcements already this term. These tariffs have been difficult to navigate for small businesses across the United States—especially in New Hampshire, where Canada is the state’s largest trading partner. Tariffs lead to supply chain disruptions, increased costs of goods and materials, smaller profits and higher costs for consumers.

You can find the full bill text here.

Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. Last month, Shaheen led 30 Senators in filing an amicus brief in a key case, Oregon v. Department of Homeland Security, challenging the Trump Administration’s abuse of emergency powers to impose tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act which would limit the president’s ability to leverage sweeping tariffs that increase costs for American consumers and families. Her effort to pass this bill by unanimous consent was blocked by Senate Republicans.

In recent months, Shaheen has traveled across the Granite State to discuss the impact of tariffs on New Hampshire’s tourism industry and to visit businesses impacted by President Trump’s trade war including Colby Footwear, Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc. and NH Ball Bearings. In May, Shaheen led U.S. Senators Kevin Cramer (R-ND), Amy Klobuchar (D-MN), Tim Kaine (D-VA) and Peter Welch (D-VT) on a bipartisan delegation visit to Ottawa, Canada where they met with Prime Minister Mark Carney, members of his cabinet, the Business Council of Canada and other leading Canadian companies and business groups to reaffirm the strong U.S.-Canada partnership and support for our bilateral relationship among Congress and the American people.

MIL-OSI USA: Shaheen Helps Introduce Bipartisan Legislation to Streamline Housing Regulations, Increase Supply of Affordable Housing in Rural Communities

US Senate News:

Source: United States Senator for New Hampshire Jeanne Shaheen

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) joined Senators Jerry Moran (R-KS), Pete Ricketts (R-NE) and Ruben Gallego (D-AZ) in introducing bipartisan legislation to streamline rural housing regulations between the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) by requiring the two agencies to enter into a memorandum of understanding (MOU) to align housing standards. The Streamlining Rural Housing Act would simplify the process to build housing, lowering the cost and shortening project timelines for developers.

“To address the shortage of quality, affordable housing in rural areas, federal regulations need to work for communities rather than against them,” said Senator Shaheen. “I’m glad to join my colleagues in introducing bipartisan legislation that would improve and streamline environmental reviews and housing unit inspections so that we can build more homes and lower costs where it’s needed most.”

“The Council for Affordable and Rural Housing (CARH) applauds the efforts of Senators Moran, Ricketts, Shaheen, and Gallego in introducing this important legislation which will help streamline program requirements at the Department of Housing and Urban Development (HUD) and the United States Department of Agriculture’s Rural Development (RD) programs,” said Colleen Fisher, Executive Director of CARH. “Many times when housing developers and owners are operating a property here is a need to have multiple sources of funding so that the property can cash flow and rents are at levels that low-income residents can afford. When this occurs, the agencies require separate if not identical inspections, somewhat negating the purpose of having the multiple layers of funding, thus increasing regulatory costs. By requiring one inspection, operating costs will be reduced or redirected toward services on properties. The approach envisioned in the bill has been supported by several different Administrations, with the goal of reducing regulatory burdens and improving the delivery of affordable housing programs.”

Specifically, the Streamlining Rural Housing Act would:

Require HUD and USDA to enter into a memorandum of understanding to align housing standards.
Require the creation of an advisory group to consult with the agencies on the MOU’s implementation. This group would include rural affordable housing nonprofit organizations, state housing agencies, home builders, property management companies, multifamily property owners and housing contract administrators.
Require HUD and USDA to report to the appropriate committees on recommendations for legislative, regulatory or administrative actions to improve the efficiency and effectiveness of combined funding housing projects.

The full text of the legislation can be found here.

As a senior member of the U.S. Senate Appropriations Committee and Ranking Member of the Agriculture, Rural Development, Food and Drug Administration and Related Agencies (Ag-FDA) Subcommittee, Shaheen has continually worked to ensure rural communities have the federal funding needed to tackle the housing affordability crisis. In the Fiscal Year (FY) 2026 Ag-FDA Appropriations bill, Shaheen fought to fully fund the Rental Assistance program so that participating families can remain housed, provides funding to preserve the existing affordable housing portfolio and makes $1 billion in financing available for very low-income homebuyers, many of whom are first-time homeowners. In the FY24 Ag-FDA bill, Shaheen two Shaheen-led provisions were signed into law to help to preserve existing rural housing, build new housing in rural areas and protect low-income renters in rural areas from losing their homes.

MIL-OSI USA: Murray, Booker, Schumer, Duckworth, DeLauro Reintroduce Bicameral Legislation to Increase Access to Fertility Treatment

US Senate News:

Source: United States Senator for Washington State Patty Murray

Washington, D.C. – Today, U.S. Senators Patty Murray (D-WA), Cory Booker (D-NJ), Democratic Leader Chuck Schumer (D-NY), and Tammy Duckworth (D-IL) along with U.S. Representative Rosa DeLauro (D-CT) reintroduced the bicameral Access to Fertility Treatment and Care Act, legislation that would require more health insurers to provide coverage for infertility treatment, as well as fertility preservation services for individuals who undergo medically necessary procedures that may cause infertility, such as chemotherapy.

“Infertility is a painful struggle for millions of people in America, and the steep cost of infertility treatment like IVF prevents many of them from growing their families—that’s just wrong. The Access to Fertility Treatment and Services Act would require more insurance plans, including TRICARE and the VA coverage our veterans and their families rely on, to cover infertility treatment without raising insurance costs or copays. We should be doing everything we can to support families and make it easier to have and raise children in America, and our legislation is one important step in that direction,” said Senator Murray.

“Everyone’s path to parenthood is different, and the decision to pursue fertility treatments is deeply personal,” said Senator Booker. “Nobody should have to choose between financial stability and the opportunity to have a family. On top of that, people who find themselves at the daunting intersection of a cancer diagnosis and fertility challenges should have access to affordable fertility services. This legislation would require more insurance plans to cover fertility treatments so that Americans no longer face barriers to care when deciding to start a family.”

“While Republicans have tried to brand themselves as the pro-family party, Senate Democrats are putting forward actual solutions to help the millions of Americans grappling with the financial and medical realities of safely growing their families,” said Leader Schumer. “Infertility can – and does – affect so many in our communities, and while Republicans continue their relentless attacks on reproductive rights, I will keep fighting to protect access to affordable health care and am proud to support this legislation which offers hope and opportunity to many with this deeply personal decision.”

“Millions of Americans depend on IVF to build a family—and yet, this treatment is too often out of reach for so many because of exorbitant, out-of-pocket costs,” said Senator Duckworth. “If Donald Trump really wants to deliver on his campaign promise to ensure IVF is covered for those who rely on it, he’d call on Republicans to support our bill that would expand coverage for so many more Americans. Otherwise, all the pro-IVF talking points are just more empty promises from people who have proven time and again they have no interest in actually taking any meaningful action to protect IVF access.”

“When people don’t have insurance coverage for fertility care, they are forced to make impossible choices between paying for treatment or affording essentials,” said Congresswoman DeLauro. “The emotional and physical toll of trying to build a family is already heavy. We should not add a crushing financial burden on top of it. This bill ensures that all families have the insurance coverage they deserve. Americans should have the opportunity to grow their families without sacrificing their basic needs.”

“Every day providers encounter patients who need medical treatments like IVF to build their families, but have to forego, delay, or stop treatment because they cannot afford it,” said Sean Tipton, ASRM Chief Advocacy & Policy Officer. “While ASRM has championed progress on state-level IVF mandates, we firmly believe that access to health care should not depend on your zip code. For this reason, we remain grateful to Sen. Booker and Rep. DeLauro for their tireless leadership on the Access to Infertility Treatment and Care Act. It is well past time for Congress to pass this critical legislation and achieve access to family building care for all Americans.”

“Every day, millions of Americans face heartbreaking and unnecessary barriers to building their families, simply because they can’t afford the out-of-pocket medical costs. Access to fertility treatment should not depend on your income, your zip code, or your employer. The ‘Access to Fertility Treatment and Care Act’ is a critical step toward ensuring that everyone has the opportunity to pursue their dream of having a family. On behalf of RESOLVE and the family-building community, I thank Senator Cory Booker and Congresswoman Rosa DeLauro for their steadfast leadership in championing equitable access to care,” said Danielle Melfi, President & CEO, RESOLVE: The National Infertility Association.

Despite the prevalence of infertility – a reported one in six couples have challenges conceiving – coverage for treatment options is limited. In 2024, nearly half of large employers voluntarily offered fertility benefits and 97% of those offering benefits reported no significant increase in costs to their medical plans.

Specifically, the Access to Fertility Treatment and Care Act would:

Require most private health insurance plans, as well as plans offered by the Federal Employees Health Benefits Program, Medicaid, TRICARE, ERISA, and the VA, to provide coverage for treatment of infertility without raising insurance or copayment costs.
Ensure these plans cover fertility preservation services for individuals who undergo a medically necessary procedure that may cause infertility.

The bill is endorsed by the following organizations: Alliance for Fertility Preservation, Endocrine Society, Hadassah, The Women’s Zionist Organization of America, North American Society for Pediatric and Adolescent Gynecology, National Women’s Political Caucus, American Society for Reductive Medicine, Resolve, MomsRising, In Our Own Voice: National Black, Women’s Reproductive Justice Agenda, National partnership for Women and Families, Invisible Project, Human Rights Campaign, Families USA, National LGBTQ Task Force Action Fund, Service Women’s Action Network, Guttmacher, ACOG, and AllPaths Family Building.

The bill is cosponsored by U.S. Senators Chris Coons (D-DE) and Amy Klobuchar (D-MN).

The full text of the bill can be found HERE.

Senators Murray has been leading the charge to protect IVF for the millions of Americans who rely on it nationwide. Last Congress, Murray introduced the Right to IVF Act in the Senate—which would establish a nationwide right to IVF and other assisted reproductive technology (ART) and lower the costs of IVF treatment for middle-class families. The Right to IVF Act also includes Senator Murray’s longtime bill—the Veteran Families Health Services Act—to help veterans and servicemembers, who experience higher rates of infertility and encounter restrictive laws and policies before they can access IVF services.

Despite many Republicans publicly claiming to support IVF, nearly every Senate Republican voted against the bill in June twice last year. Overall, Republicans blocked legislation that would protect IVF nationwide three separate times last year.

Senator Murray has been fighting for over a decade to expand access to IVF care for veterans and servicemembers, and protect servicemembers’ and veterans’ access to the reproductive care they deserve. She has introduced multiple pieces of legislation to address the challenges veterans face when starting a family after their service, and in 2012, Senator Murray secured Senate passage of a provision to end the ban on IVF services at VA.

MIL-OSI USA: Senator Murray Opening Remarks at Full Committee Mark Up of Interior-Environment and Transportation-Housing and Urban Development Bills

US Senate News:

Source: United States Senator for Washington State Patty Murray

***WATCH: Senator Murray’s opening remarks***

Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, delivered the following opening remarks as the committee meets to consider the draft fiscal year 2026 Interior, Environment, and Related Agencies, and Transportation, Housing and Urban Development, and Related Agencies appropriations acts.

Senator Murray’s opening remarks, as delivered, are below:

“Thank you very much, Chair Collins, and thank you to Senator Murkowski and Senator Merkley, our Interior subcommittee leads, and Senators Hyde-Smith and Gillibrand, our THUD subcommittee leaders, for working so hard and working together to hammer out two bipartisan bills.

“May not be the bills I would have written on my own, certainly more I would love to see us do and investments and accountability measures I’d like to see. But these bills are serious bipartisan compromises that reject many of the truly harmful cuts Trump and House Republicans are pushing for, and maintains crucial programs that help make sure folks back home have a roof over their heads; safe, reliable transportation; and clean air and water.

“In the Interior bill, we were able to put together a bill that protects public lands and national parks, invests in fighting wildfires, helps live up to our obligations to Tribes, and invests in critical work protecting our environment—and our families.

“And in the THUD bill, we were able to maintain crucial investments to address the housing crisis reject Trump’s deep cuts to rental assistance programs that make sure millions of families have a roof over their head and invest in transportation infrastructure across the board—including a much needed increase to hire more air traffic controllers.

“These are worthwhile investments—and they show just what is possible if we work together and exactly why a bipartisan process is a better path for everyone than the Trump bills House Republicans seem intent on writing—or another slush fund CR.

“Now, Russ Vought may want to break this process—and make it more partisan, he said so. He may want to set Congress on a track for a shutdown. But we, on this committee, can reject that partisan vision that hurts working families everywhere. And we can reject the painful cuts and policies they’re trying to inflict in our communities—just as these bills do.

“In fact, I think most of us here recognize that we have to reject that path.

“Because, at the end of the day—passing funding bills here in the Senate takes 60 votes.

“And that means the Trump-Vought path is choosing a dead end and a shut down.

“I won’t pretend the work ahead is going to be easy—I think every one of us knows, compromise means doing hard work, making hard choices.

“And it requires trust—something that unfortunately continues to be chipped away at. I hope that trajectory can be reversed—and I look forward to more discussion on each of the bills before us today.”

MIL-OSI USA: Senate Appropriations Committee Approves Interior-Environment, Transportation-HUD Bills

US Senate News:

Source: United States Senator for Washington State Patty Murray

Committee approves Interior-Environment bill in a 26-2 vote — BILL SUMMARY HERE

Committee approves Transportation-HUD bill in a 27-1 vote — BILL SUMMARY HERE

***WATCH and READ: Senator Murray’s opening remarks***

Washington, D.C. – Today, the Senate Appropriations Committee met for a full committee markup to consider its draft fiscal year 2026 Interior, Environment, and Related Agencies, and Transportation, Housing and Urban Development, and Related Agencies appropriations acts.

“These may not be the bills I would have written on my own. There’s more I certainly want to see us do and investments and accountability measures I’ll keep pushing for. But these bills are serious, bipartisan compromises that reject so many of the truly harmful cuts Trump and House Republicans are pushing for and that maintain crucial programs that help make sure folks back home have a roof over their head, safe, reliable transportation, and clean air and water,” said Vice Chair Patty Murray in her opening remarks. “Now, Russ Vought may want to break this process and make it more partisan. He may want to set Congress on track for a shutdown. But we can reject that partisan vision that hurts working families everywhere. And we can reject the painful cuts and policies Trump and Vought are trying to inflict in our communities—just as these bills do.”

In a 26-2 vote, the Committee approved the draft fiscal year 2026 Interior, Environment, and Related Agencies appropriations bill.

“Oregonians turned out in record numbers during my town halls to deliver a clear message—we need to do everything we can to fight against harmful federal funding cuts and to instead double down on supporting our public lands, Tribal communities, and clean air and water for all,” said Senator Jeff Merkley (D-OR), Ranking Member of the Interior, Environment, and Related Agencies Subcommittee. “This bipartisan bill protects funding for operating the National Park System, National Refuge System, National Forest System, our National Conservation Lands, and the Land and Water Conservation Fund, making a bold statement to the Trump Administration that Congress intends to fight back against any attempt to rip away public lands from public use. I’ll continue to work with members from both parties to invest in our country’s and our children’s futures.”

“When it comes to protecting our public lands, this bill provides critical funding for our National Parks and our Forest Service and rejects the absolutely paltry level Trump put forward, as well as the House Republican level. It also prevents our national parks from being sold off. It ensures federal firefighters will not face a pay cut, and it fully funds wild fire prevention and suppression. When it comes to our obligations to our Tribes, we were able to provide $12 billion across Tribal programs—rejecting Trump efforts to cut Tribal safety, Tribal schools, the Bureau of Indian Affairs, and advanced appropriations for the Indian Health Service,” said Vice Chair Murray in comments on the bill. “This bill also protects clean water and air programs and continues vital, cutting-edge research that protects families’ health and wellbeing which is under threat from this administration. No doubt, there is more I’d like to do here but this is a solid bipartisan bill to sustain critical programs that protect our environment and families’ health in the face of Trump cuts.”

The following amendments to the bill were considered during today’s mark up:

Manager’s package offered by Chair Murkowski.
- Adopted unanimously.
Reed amendment to prevent the Trump administration from redirecting funding Congress provided for the National Endowment of the Humanities to fund its plans to create a sculpture garden of notable Americans at its discretion.
- Debated; withdrawn.
Heinrich amendment to require the National Park Service, the U.S. Forest Service, and the Department of the Interior to maintain at least the same number of full-time equivalents as they had in September 2020 to ensure adequate staffing at our national parks and for wildfire prevention and response.
- Republicans rejected the amendment in a 15-14 party-line vote.

A summary of the bill is available HERE.

Final bill text, report, Congressionally Directed Spending (CDS) projects, and adopted amendments will be available HERE later today.

In a 27-1 vote, the Committee approved the draft fiscal year 2026 Transportation, Housing and Urban Development, and Related Agencies appropriations bill.

“I would like to thank Chair Collins, Vice Chair Murray, and Chair Hyde-Smith for their leadership and support of this bipartisan bill. As ranking member of the Transportation and Housing Subcommittee, I am committed to working with Democrats and Republicans alike to find bipartisan solutions to meet the needs of my constituents. This bill provides safe and efficient travel by fully funding the FAA and by making investments in Amtrak and transit projects critical to New York. It also protects families, seniors, and people with disabilities who rely on HUD rental and homeless assistance programs, while also investing in affordable housing. The bill soundly rejects the harmful proposals from the Trump administration and will help lower costs for all Americans,” said Senator Kirsten Gillibrand (D-NY), Ranking Member of the Transportation, Housing and Urban Development, and Related Agencies Subcommittee.

“While I still want to do more to address the housing crisis—and I am not going to stop pushing on that—I’m glad to say this bill rejects President Trump’s proposed cuts to rental assistance that would have put 10 million people at risk of eviction—mostly kids, seniors, and people with disabilities. This bill delivers funding to help ensure no one is kicked out of their home, and keep families stably housed,” Vice Chair Murray said in comments on the bill. “When it comes to transportation, this bill includes a much-needed increase for FAA to hire air traffic controllers, modernize equipment, and more. It also invests in highway safety, rail safety, and pipeline safety—not to mention investments in our ports and shipyards. It rejects Trump’s cuts to the essential air services that would have cut off so many small and rural communities. It rejects House Republicans’ proposal to slash Capital Investment Grants by 98%. And of course, it rejects Trump’s plan to eliminate BUILD grants. This is a program I helped launch that supports major construction projects across the country.”

The following amendments to the bill were considered during today’s mark up:

Manager’s package offered by Chair Hyde-Smith.
- Adopted unanimously.
Merkley amendment to prohibit funds provided in any fiscal year 2026 appropriations act from being eligible for rescissions or deferrals under the Impoundment Control Act’s fast-track procedures, ensuring they can only be considered through annual appropriations bills.
- Republicans rejected the amendment in a 15-14 party line vote.

A summary of the bill is available HERE.

Final bill text, report, Congressionally Directed Spending (CDS) projects, and adopted amendments will be available HERE later today.

MIL-OSI USA: AARP Endorses Cassidy Bill to Eliminate Waste, Fraud, and Abuse in Medicare Advantage Program

US Senate News:

Source: United States Senator for Louisiana Bill Cassidy

WASHINGTON – The American Association of Retired Persons (AARP) endorsed the No Unreasonable Payments, Coding, or Diagnoses for the Elderly (No UPCODE) Act. The landmark legislation introduced earlier this year by U.S. Senators Bill Cassidy, M.D. (R-LA) and Jeff Merkley (D-OR) improves the way Medicare Advantage plans assess patients’ health risks and reduce overpayments for care. Medicare Advantage is a program that millions of seniors rely on to deliver high-quality care.
“AARP believes that the No UPCODE Act is a commonsense solution that protects older Americans, strengthens oversight, and helps to ensure the long-term sustainability of Medicare,” said Bill Sweeney, AARP’s senior vice president for government affairs.
“This bill addresses a problem both Republicans and Democrats have labeled as waste, fraud, and abuse. AARP agrees the No UPCODE Act protects seniors by preserving benefits and eliminating waste,” said Dr. Cassidy. “When companies upcode, taxpayers foot the bill and patients get nothing. That’s wrong.”
Traditional Medicare plans reimburse providers for the cost of treatments rendered, while Medicare Advantage is paid a standard rate based on the health of an individual patient. Because of this, Medicare Advantage plans have a financial incentive to make beneficiaries appear sicker than they may be to receive a higher Medicare reimbursement. This bill will save $200 billion to $270 billion over 10 years.
The No UPCODE Act would eliminate those incentives by:

Developing a risk-adjustment model that uses two years of diagnostic data instead of just one year.
Limiting the ability to use old or unrelated medical conditions when determining the cost of care.
Ensuring Medicare is only charged for treatment related to relevant medical conditions.
Closing the gap between how a patient is assessed under traditional Medicare and Medicare Advantage.

Background
Earlier this year, Cassidy discussed his No UPCODE Act during U.S. Centers for Medicare and Medicaid Services (CMS) Director nominee Mehmet Oz’s confirmation hearing before the U.S. Senate Finance Committee.

MIL-OSI USA: Brownley Introduces Legislation to Protect Survivor Benefits for Veterans’ Spouses

Source: United States House of Representatives – Julia Brownley (D-CA)

Washington, DC – Today, Congresswoman Julia Brownley (CA-26) announced the introduction of the Veterans’ Surviving Spouse Equity Act, legislation to ensure surviving spouses of veterans are not unfairly denied benefits due to outdated marriage laws. The bill would align spousal benefits eligibility between the Social Security Administration (SSA) and the Department of Veterans Affairs (VA) and correct long-standing inconsistencies in VA law that prevent veteran spouses from accessing the survivor benefits their life partners earned in service to our country.

“After hearing from a constituent who was denied survivor benefits because of outdated marriage laws, I introduced this bill to rectify this wrong,” said Congresswoman Julia Brownley. “She had spent years caring for her veteran spouse, yet after his passing, she was left to navigate a cold and unforgiving bureaucracy that refused to recognize their life together. Sadly, her story is not unique. Across the country, too many surviving spouses are being forced to navigate a bureaucratic maze of outdated and inconsistent marriage laws at one of the most difficult times in their lives – after the loss of their life partner. The Veterans’ Surviving Spouse Equity Act will ensure these spouses are seen, heard, and treated with the dignity and respect they deserve. When a veteran serves our country, their family serves too. It’s time our laws reflect that.”

Under current law, surviving spouses are eligible for Dependency and Indemnity Compensation (DIC) benefits; however, eligibility is limited to spouses who were married to the veteran for at least one year or who had a child with the veteran. A significant challenge for surviving spouses of veterans is that VA relies on inconsistent definitions of marriage to determine eligibility for survivor benefits. These rules lead to unfair outcomes, denying benefits to long-term partners whose relationships don’t fit narrow legal criteria.

While the VA recognizes informal unions like common-law marriages in some cases, eligibility often depends on a confusing patchwork of state laws and a couple’s awareness of those laws. For example, a couple in a common-law marriage living in California (a state that does not recognize common-law marriage) may be denied benefits, while a similar couple in Colorado would qualify. To make matters worse, surviving spouses who know their state does not recognize common-law marriage can actually be at a disadvantage when applying for survivor benefits.

Additionally, the law requires that couples be legally married for at least one year for the surviving spouse to receive benefits. This arbitrary rule means someone who lived with and cared for a veteran for many years but was legally married for only six months may be denied benefits, while someone married for just over a year would qualify. In some instances, VA has even determined that a civil or religious marriage within the last year of a veteran’s life terminates an existing common-law marriage, restarting the one-year clock and further complicating eligibility.

Unlike VA, the Social Security Administration (SSA), pursuant to Section 1614 of the Social Security Act, permits a spouse to qualify for survivor benefits if they hold “themselves out to the community in which they reside as husband and wife.”

The Veterans Surviving Spouse Equity Act would synchronize spousal qualifications between SSA and VA, allowing VA to recognize a surviving spouse if they lived with the veteran in the same household for at least one year continuously until the veteran’s death, and if the couple held themselves out as married to their community, regardless of whether there was a legal or religious marriage during that year.

The Veterans’ Surviving Spouse Equity Act is endorsed by Minority Veterans of America.

Read the full text of the bill here.

###

Issues: 119th Congress, Veterans’ Affairs

MIL-OSI Australia: Crash at Wingfield

Source: New South Wales – News

The Port River Expressway has reopened after an overnight crash.

The single vehicle collision occurred on the Port River Expressway at Wingfield about 2.45am on Friday 25 July.

A car hit a light pole on the median strip and ended up in a ditch.

The driver, a 32-year-old Elizabeth North man, was extricated from the wrecked car by emergency services and taken to hospital with serious injuries.

His passenger, a 21-year-old Elizabeth Downs woman, also sustained injuries and was taken to hospital.

The road was closed until 5am but has since reopened.

The car was towed from the scene.

Investigations into the crash are continuing.

Anyone who witnessed the collision or has any dashcam footage is asked to contact Crime Stoppers on 1800 333 000 or online at www.crimestopperssa.com.au

191115

MIL OSI News –

MIL-OSI Security: Former Kokomo Police Department Officer Charged with Sexually Assaulting 14-Year-old Girl

Source: United States Attorneys General

A federal grand jury in Indianapolis, Indiana, returned a two-count indictment, unsealed today, charging former Kokomo Police Department officer Sinmi Asomuyide with sexually assaulting a 14-year-old girl and with lying to state investigators to try to cover up the assault.

The first count of the indictment charges Asomuyide, who was 31 years old, with willfully depriving Minor #1, who was 14 years old, of her constitutional rights by sexually assaulting her. The first count also charges that the defendant’s conduct included kidnapping.

The second count of the indictment charges Asomuyide with lying to the Indiana State Police to try to cover up the assault by, among other things, denying having sexual contact with Minor #1 and denying that there would be any reason for the presence of his semen in his squad car when, in fact, he ejaculated inside his squad car after causing Minor #1’s hand to touch his exposed penis.

If convicted, Asomuyide faces a maximum sentence of life in prison.

Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division, Interim U.S. Attorney Thomas E. Wheeler for the Southern District of Indiana, and Special Agent in Charge Timothy O’Malley of the FBI Indianapolis Field Office made the announcement.

The FBI Indianapolis Field Office is investigating the case, with the cooperation of the Kokomo Police Department; Bloomington Police Department; and Indiana State Police.

Assistant U.S. Attorney Peter Blackett for the Southern District of Indiana and Senior Sex Crimes Counsel Tara Allison of the Justice Department’s Civil Rights Division are prosecuting the case.

This investigation is ongoing. Anyone with additional information is encouraged to call the FBI at 1-800-CALL-FBI.

An indictment is merely an allegation. The defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

MIL Security OSI –

MIL-OSI Russia: China commends South Africa’s positive actions to uphold one-China principle

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People’s Republic of China – State Council News

BEIJING, July 24 (Xinhua) — China highly appreciates South Africa’s positive actions in upholding the one-China principle and UN General Assembly Resolution 2758, Chinese Foreign Ministry spokesman Guo Jiakun said Thursday.

The South African government has reportedly issued a notice stating that the “Taipei Trade Office” in the country’s administrative capital Pretoria will no longer be recognised. South Africa has requested that the office be moved from Pretoria to Johannesburg. The “Taipei Liaison Office in Cape Town” will now be known as the “Taipei Trade Office”.

Commenting on South Africa’s decision at a daily press briefing, Guo Jiakun recalled that the one-China principle is the political basis for the establishment and development of China’s diplomatic relations with other countries, as well as the basic norm of international relations and the prevailing consensus of the international community.

“This also reflects the true meaning of the comprehensive strategic partnership of cooperation between China and South Africa in the new era,” the diplomat stressed, adding that China is willing to continue to firmly support each other on issues affecting the fundamental interests of the two sides together with South Africa. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL-OSI Russia: Last person on Interpol’s Red Notice list of 100 fugitives in Asia returned to China

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People’s Republic of China – State Council News

BEIJING, July 24 (Xinhua) — Fugitive suspect Zhou Jinghua, the last person on the International Criminal Police Organization’s (Interpol) 100 most wanted fugitives list of “red notices” to be in Asia, has been repatriated to China thanks to cooperation between law enforcement and judicial authorities in China and Thailand. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL-OSI Russia: ECB keeps key interest rates unchanged

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People’s Republic of China – State Council News

FRANKFURT AM MAIN, July 24 (Xinhua) — The European Central Bank (ECB) decided to leave key interest rates unchanged at its monetary policy meeting on Thursday.

The deposit rate, with which the Central Bank regulates monetary policy, remains unchanged at 2 percent.

According to Eurostat, the EU’s statistical office, inflation in the eurozone rose from 1.9 percent in May to 2 percent in June. Domestic price pressures continue to ease and wage growth is slowing, the ECB said in a statement.

Thus, inflation in the eurozone fluctuates around the target indicator of 2%. The Central Bank has once again confirmed its determination to ensure its stabilization in the medium term.

“The Governing Council stands ready to adjust all instruments within its mandate to ensure that inflation remains stabilised at the 2% target over the medium term and that the smooth functioning of the monetary policy transmission mechanism is maintained,” the regulator said in a statement. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL-OSI Russia: Passenger car production in Russia fell by 2 percent in January-June

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People’s Republic of China – State Council News

Moscow, July 24 (Xinhua) — Russia produced 326,000 passenger cars in the first half of 2025, down 2.1 percent from the same period a year earlier, the Federal State Statistics Service of the Russian Federation published on Thursday.

In June, 45 thousand passenger cars were produced in Russia. This is 28.2 percent less than in June 2024.

In the first half of 2025, the country saw a 23.9 percent reduction in truck production. During this period, 68.8 thousand units were produced in Russia. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL-OSI Russia: The Russian President promised to fully implement plans for the development of the Russian Navy

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People’s Republic of China – State Council News

Moscow, July 24 /Xinhua/ — Russia will not back down from creating modern Russian Navy forces, all planned actions will be implemented in full, Russian President Vladimir Putin said at a flag-raising ceremony on the nuclear-powered missile submarine “Prince Pozharsky” on Thursday.

“We will definitely and fully implement the planned creation of a modern navy, ensure the security of Russia and our national interests in all areas of the World Ocean. There can be no doubt about this,” the head of state noted.

According to him, the construction of strategic missile submarines is a priority for the Russian Federation, since it allows it to ensure the global balance of power.

The moment of raising the flag to the Russian anthem marked the inclusion of the nuclear-powered vessel in the country’s Navy.

The nuclear-powered submarine cruiser Knyaz Pozharsky was launched in Severodvinsk in 2024. Being the fourth serial nuclear submarine of the Borey-A project, it belongs to the fourth generation of nuclear-powered submarines.

“Prince Pozharsky” is equipped with modern missile and torpedo weapon systems, navigation, radio-technical and hydroacoustic weapons. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL-OSI United Nations: Deputy Secretary-General, at High-level Political Forum’s Africa Day, Says Investment Crucial for Development in Continent’s ‘Resilient, Determined, Unstoppable’ Nations

Source: United Nations 4

Following are UN Deputy Secretary-General Amina Mohammed’s opening remarks, as prepared for delivery, on the occasion of Africa Day at the High-level Political Forum 2025:

It is a great honour to join you here today.

As we celebrate Africa Day within this High-Level Political Forum, we gather not only to take stock, but to bear witness to something extraordinary: a continent that refuses to be defined by its starting point but instead chooses to measure itself by how far it has travelled.

Make no mistake: Africa began its sustainable development journey on the back foot. Colonial legacies that took wealth and left behind fractured institutions. Climate catastrophes that wash away decades of progress in a single season. Conflicts that force entire populations to abandon everything they have built. These are daily realities that test the resolve of every African nation.

Yet here we stand, with 10 countries presenting their Voluntary National Reviews this year as testaments to resilience. Angola achieving its strongest economic growth in a decade while building over 12,000 new schools. Ethiopia sustaining remarkable growth while powering its entire electrical grid from renewable sources. The Gambia driving robust development across agriculture, tourism and services.

These efforts are part of a broader continental push to realize the vision of Agenda 2063 and the 2030 Agenda for Sustainable Development. In the Voluntary National Reviews, we see that vision coming to life. More than 100 other Voluntary National Reviews have been prepared in the last decade since the Sustainable Development Goals (SDGs) were adopted and tell promising stories of progress across the Continent.

But let us be clear on the full scale of the challenges facing Africa. When a country like Sudan facing conflict sees the vast majority of its factories destroyed with unemployment soaring to crushing levels, we are reminded that progress is neither linear nor guaranteed.

When young people across our continent still struggle to find decent work, we know that our most precious resource — our youth — still faces barriers that deny them their rightful place in building tomorrow’s Africa.

When Africa gets the fundamentals right, like quality education for every child, the path to higher ground becomes clearer. Digital transformation, climate resilience, economic justice: these are no longer distant summits, but peaks within reach, and Africa has always been a continent of climbers.

Consider the women breaking barriers across our continent. In parliaments from Rwanda to Eswatini to Ghana, women are claiming seats of power once denied to them. Across Lesotho, widows now possess rights over family property that previous generations could never imagine. Each a seismic shift in how African societies recognize the power and potential of half their population.

Our youth, too, are not passive recipients of change — they are its architects. From Nigeria’s digital revolution to technology driven governance in Seychelles to Morocco’s role in advancing AI [artificial intelligence] research, young Africans are coding and designing the future every step of the way.

That said, we should not romanticize the road ahead. At this moment, at this rate, the SDGs are beyond reach in Africa. We have five years to 2030. Five years to transform systems that took decades to build. Five years to close gaps, and the widest gap remains finance.

Finance is the engine of progress. Without it, schools don’t get built, clinics stay empty, and peace remains out of reach. The global financial system is not working for Africa. Borrowing costs are too high, debt burdens are too heavy, and the money that could change lives is tied up in systems that are too slow, too narrow, and too risk averse.

The Sevilla Commitment is a step forward, a promise to get resources flowing faster, fairer and at the scale we need. The next five years will test not only our ambition, but our ability to deliver on the most basic promises of dignity and justice — especially in the areas where progress remains most elusive.

Many women still face gender-based violence that steals their safety, their dignity, and their dreams. We must dismantle the structural barriers that persist like shadows, following women from childhood through their adult lives. Our young people deserve more than we have given them. We must invest urgently in skills development, particularly in the digital and green sectors where Africa can lead the world.

The bigger picture also betrays an all-too-present imbalance: too often, African countries are absent from the tables where global decisions are made, yet they are first to feel the impact.

The Pact for the Future is working to change that. It calls for more inclusive, representative global governance that reflects today’s realities, not a snapshot of yesterday. It recognizes that sustainable development cannot be built on a foundation of exclusion, and by adopting the Pact, countries committed to ensuring Africa is where it belongs: at the table, shaping the decisions that shape our world. And we are taking the necessary steps to ensure that countries have the UN support and capacity needed to do just that.

The Secretary-General’s UN80 Initiative also builds on the existing reforms and plots an ambitious path forward to ensure that those we serve have the optimal level and type of capacity in country.

Africa’s journey toward 2030, 2063 and beyond is not a sprint, it’s a relay race, where each nation, each community, each individual, carries the baton forward.

The Africa Sustainable Development Report that we are launching today represents both the progress, and the challenges, from a continent still writing its greatest chapter. It is a declaration that future generations will inherit not the limitations we face, but the possibilities we create. Above all, they speak to a refusal to accept that history determines destiny.

I want to thank the African Union, the Economic Commission of Africa, the African Development Bank and the United Nations Development Programme (UNDP) for preparing this crucial piece of work. Let it be our map for the road ahead. Let us build on the foundation of commitment it represents.

The relay baton is in our hands. The finish line is in sight, and from what I have seen, African nations — resilient, determined, unstoppable — are ready to run.

MIL OSI United Nations News –

MIL-OSI Australia: Serious crash at Tranmere

Source: New South Wales – News

Emergency services are at the scene of a serious crash at Tranmere.

The collision occurred on Glynburn Road, near Richardson Avenue, Tranmere, just before 6am on Friday 25 July.

Glynburn Road is expected to be closed to southbound traffic from Arthur Street this morning and motorists should avoid the area.

MIL OSI News –

MIL-OSI USA: SBA Disaster Assistance Available for Those Impacted by Rowena Fire

Source: US State of Oregon

elp is now available for those recovering from the Rowena Fire. At the request of Governor Tina Kotek, the U.S. Small Business Administration (SBA) has approved an Administrative Disaster Declaration, opening the door for low-interest federal loans to assist impacted residents and business owners.

If the fire damaged your home, business, property, or vehicle, you may be eligible for an SBA disaster loan to help with repairs or replacement. These loans are available to small businesses, homeowners, and renters.

Starting Friday, July 18, SBA representatives will be on-site at the Disaster Loan Outreach Center (DLOC) in The Dalles to offer personal, one-on-one assistance. They can answer questions, explain the loan process, and help you complete your application.

The DLOC is located at The Gloria Center, 2505 W. Seventh St., The Dalles, and is open Monday through Friday, 9 a.m. to 6 p.m.

To learn more or apply online, visit www.sba.gov/disaster

MIL-OSI Security: Action against ATM fraud in Romania and UK stopped by joint investigation team with Eurojust support

Source: Eurojust

Authorities in Romania and the United Kingdom have taken concerted action to block criminals who illegally withdrew cash from automated teller machines (ATMs) on a large scale. By using specialised computer programs and devices, the Romanian criminal network managed to steal an estimated EUR 580 000. The criminal group was also involved in other types of payment and card fraud.

During an operation in Romania, two suspects were identified and brought in for questioning. In the UK, prosecutions have already been initiated against eight members of the group, following an action day in December 2024.

Eurojust supported a joint investigation team of the Romanian and British authorities, which investigated the case. The Agency also assisted with the preparation of the action day in Romania. Europol provided data analysis support, in addition to sending an analyst to Romania and organising meetings to prepare for the operations on the ground.

The criminal network was formed last year in the Romanian city of Bacău, mainly consisting of family members and friends. They adopted a derogatory term aimed at the police as their so-called trademark, which they used on social media, on custom license plates and on clothes they wore.

Most of the money was stolen in the UK by pretending to take money from an ATM with a bank card, removing the screen of the ATM and then cancelling the transaction. This allowed them to reach into the ATM itself and take all the cash inside, before ending the transaction.

The criminals also counterfeited public transport cards, which they distributed across the UK with the help of individuals of Turkish origin. Furthermore, they committed card fraud by using software that identifies card numbers and then generates illicit income through fraudulent payments.

The proceeds of the criminal activities were invested in luxury cars, jewellery, real estate and expensive holidays. The gang members being prosecuted in the UK and those brought in for questioning in Romania are suspected of cyber fraud, membership of an organised crime group, money laundering and forgery of payment instruments.

During the action day in Romania, a total of 18 places were searched and real estate, vehicles electronic devices and cash were seized.

The operations against the criminal network were carried out at the request of and by the following authorities:

Romania: Directorate for Investigating Organised Crime and Terrorism (DIICOT) – Bacău Regional Service; Romanian Police – Anti Cybercrime Service of Bacău County Organised Crime Brigade
United Kingdom: Crown Prosecution Service; Eastern Regional Special Operations Unit

MIL Security OSI –

MIL-OSI Security: USNS Comfort Departs Dominican Republic After Fourth CP25 Mission Stop

Source: United States SOUTHERN COMMAND

The Mercy-class hospital ship USNS Comfort (T-AH 20) departed from Puerto Plata, Dominican Republic, July 21, 2025, after a four-day mission stop during Continuing Promise 2025 (CP25). At the Dominican mission stop, Comfort’s team provided medical and dental care, veterinary subject matter exchanges, medical subject matter exchanges, a humanitarian aid and disaster response workshop, band performances, and a beach clean-up event.

MIL Security OSI –

MIL-OSI: Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2025

Source: GlobeNewswire (MIL-OSI)

LOGANSPORT, Ind., July 24, 2025 (GLOBE NEWSWIRE) — Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended June 30, 2025 of $413,000 or $0.67 per diluted share, compared to earnings in 2024 of $349,000 or $0.57 per diluted share. Year to date the company reported net earnings of $790,000 for 2025 compared to $617,000 for 2024. Diluted earnings per share for the six months ended June 30, 2025 were $1.45 compared to $1.01 for the six months ended June 30, 2024. Total assets at June 30, 2025 were $260.2 million compared to total assets at June 30, 2024 of $249.6 million. Total Deposits at June 30, 2025 were $223.8 million compared to total deposits of $211.7 million at June 30, 2024. The company paid a total of $0.90 per share in dividends in the first half of 2025 compared to $0.90 in 2024.

The statements contained in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involves a number of risks and uncertainties. A number of factors could cause results to differ materially from the objectives and estimates expressed in such forward-looking statements. These factors include, but are not limited to, changes in the financial condition of issuers of the Company’s investments and borrowers, changes in economic conditions in the Company’s market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Company’s market area, changes in the position of banking regulators on the adequacy of our allowance for loan losses, and competition, all, or some of which could cause actual results to differ materially from historical earnings and those presently anticipated or projected. These factors should be considered in evaluation of any forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Logansport Financial Corp.
Selected Financial Data
(Dollars in thousands except for share data)


	6/30/2025		6/30/2024

Total Assets	$	260,221	$	249,611

Loans receivable, net		173,350		170,147
Allowance for loan losses		1,872		2,885
Cash and cash equivalents		1,445		1,289
Interest Bearing Time Deposits in banks		11,581		5,914
Securities available for sale		52,550		56,270
Federal Home Loan Bank stock		3,150		3,150
Deposits		223,764		211,739
FHLB borrowings and note payable		15,000		15,000
Shareholders’ equity		20,479		20,870
Shares Issued and Outstanding		612,953		611,822
Nonperforming loans		3,395		392
Real Estate Owned		–		–


	Quarter ended 6/30					Six months ended 6/30
		2025		2024			2025		2024

Interest income	$	3,421	$	3,130		$	6,688	$	6,042
Interest expense		1,680		1,613			3,200		3,087
Net interest income		1,741		1,517			3,488		2,955
Provision for loan losses		–		(49	)		–		(49	)
Net interest income after provision		1,741		1,566			3,488		3,004
Gain on sale of loans		76		110			129		161
Other income		341		468			706		885
General, admin. & other expense		1,710		1,786			3,466		3,440
Earnings before income taxes		448		358			857		610
Income tax expense		35		9			67		(7	)
Net earnings	$	413	$	349		$	790	$	617
Earnings per share	$	0.67	$	0.57		$	1.45	$	1.01
Weighted avg. shares o/s-diluted		612,953		611,822			612,953		611,822

Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857

MIL-OSI: Ninepoint Partners Announces Estimated July 2025 Cash Distributions for Ninepoint Cash Management Fund – ETF Series

Source: GlobeNewswire (MIL-OSI)

TORONTO, July 24, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated July 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about July 30, 2025, which will provide the final distribution rate. The record date for the cash distribution is July 31, 2025, payable on August 8, 2025.

All estimates in this document are based on the accounting data as of July 23, 2025. Due to subscriptions and/or redemptions and/or other factors, the final July 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.

The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information.

The per-unit estimated July 2025 distribution is detailed below:

Ninepoint ETF Series	Ticker	Cash Distribution per unit		Notional Distribution per unit		CUSIP
Ninepoint Cash Management Fund	NSAV	$0.11750		$0.00000		65443X105

About Ninepoint Partners

Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

Sales Inquiries:

Ninepoint Partners LP
Neil Ross
416-945-6227
nross@ninepoint.com

MIL-OSI: USCB Financial Holdings, Inc. Reports Record Fully Diluted EPS of $0.40 for Q2 2025; ROAA of 1.22% and ROAE of 14.29%

Source: GlobeNewswire (MIL-OSI)

MIAMI, July 24, 2025 (GLOBE NEWSWIRE) — USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), reported net income of $8.1 million or $0.40 per fully diluted share for the three months ended June 30, 2025, compared with net income of $6.2 million or $0.31 per fully diluted share for the same period in 2024.

“We are proud to report another consecutive record quarter, with continued improvement in our profitability ratios reflecting the strength of our core operations,” said Luis de la Aguilera, Chairman, President and CEO. “This quarter, NIM reached 3.28%, driven by healthy loan growth and disciplined deposit pricing. We remain focused on sustaining this momentum while prudently managing risk and capital allocation to deliver long-term value to our shareholders.”

Unless otherwise stated, all percentage comparisons in the bullet points below are calculated at or for the quarter ended June 30, 2025 compared to at or for the quarter ended June 30, 2024 and annualized where appropriate.

Profitability

Annualized return on average assets for the quarter ended June 30, 2025 was 1.22% compared to 1.01% for the second quarter of 2024.
Annualized return on average stockholders’ equity for the quarter ended June 30, 2025 was 14.29% compared to 12.63% for the second quarter of 2024.
The efficiency ratio for the quarter ended June 30, 2025 was 51.77% compared to 56.33% for the second quarter of 2024.
Net interest margin for the quarter ended June 30, 2025 was 3.28% compared to 2.94% for the second quarter of 2024.
Net interest income before provision for credit losses was $21.0 million for the quarter ended June 30, 2025, an increase of $3.7 million or 21.5% compared to $17.3 million for the same period in 2024.

Balance Sheet

Total assets were $2.7 billion at June 30, 2025, representing an increase of $261.2 million or 10.6% from $2.5 billion at June 30, 2024.
Total loans held for investment were $2.1 billion at June 30, 2025, representing an increase of $244.1 million or 13.1% from $1.9 billion at June 30, 2024.
Total deposits were $2.3 billion at June 30, 2025, representing an increase of $279.0 million or 13.6% from $2.1 billion at June 30, 2024.
Total stockholders’ equity was $231.6 million at June 30, 2025, representing an increase of $30.6 million or 15.2% from $201.0 million at June 30, 2024. Total stockholders’ equity included accumulated comprehensive loss of $41.8 million at June 30, 2025 compared to accumulated comprehensive loss of $44.7 million at June 30, 2024.

Asset Quality

The allowance for credit losses (“ACL”) increased by $2.7 million to $24.9 million at June 30, 2025 from $22.2 million at June 30, 2024.
The ACL represented 1.18% of total loans at June 30, 2025 and 1.19% at June 30, 2024.
The provision for credit loss was $1.0 million for the quarter ended June 30, 2025, an increase of $245 thousand compared to $786 thousand for the same period in 2024.
The ratio of non-performing loans to total loans was 0.06% at June 30, 2025 and 0.04% at June 30, 2024. Non-performing loans totaled $1.4 million at June 30, 2025 and $758 thousand at June 30, 2024.

Non-interest Income and Non-interest Expense

Non-interest income was $3.4 million for the three months ended June 30, 2025, an increase of $159 thousand or 5.0% compared to $3.2 million for the same period in 2024.
Non-interest expense was $12.6 million for the three months ended June 30, 2025, an increase of $1.1 million or 9.3% compared to $11.6 million for the same period in 2024.

Capital

On July 21, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s Class A common stock. The dividend will be paid on September 5, 2025 to shareholders of record at the close of business on August 15, 2025.
As of June 30, 2025, total risk-based capital ratios for the Company and the Bank were 13.73% and 13.67%, respectively, well in excess of regulatory requirements.
Tangible book value per common share (a non-GAAP measure) was $11.53 at June 30, 2025, representing an increase of $0.30 or 10.7% annualized from $11.23 at March 31, 2025. At June 30, 2025, tangible book value per common share was negatively affected by ($2.08) per share due to an accumulated comprehensive loss of $41.8 million mostly due to changes in the market value of the Company’s available for sale securities. At March 31, 2025, tangible book value per common share was negatively affected by ($2.05) per share due to an accumulated comprehensive loss of $41.1 million.

Conference Call and Webcast

The Company will host a conference call on Friday, July 25, 2025, at 11:00 a.m. Eastern Time to discuss the Company’s unaudited financial results for the quarter ended June 30, 2025. To access the conference call, dial (833) 816-1416 (U.S. toll-free) and ask to join the USCB Financial Holdings Call.

Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s website at www.uscentury.com. An archived version of the webcast will be available in the same location shortly after the live call has ended.

About USCB Financial Holdings, Inc.

USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the State of Florida. U.S. Century Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a wide range of financial products and services and supports numerous community organizations, including the Greater Miami Chamber of Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information about us or to find a banking center near you, please call (305) 715-5200 or visit www.uscentury.com.

Forward-Looking Statements

This earnings release may contain statements that are not historical in nature and are intended to be, and are hereby identified as, forward-looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that are not historical facts. The words “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “aim,” “plan,” “estimate,” “seek,” “continue,” and “intend,”, the negative of these terms, as well as other similar words and expressions of the future, are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements related to our projected growth, anticipated future financial performance, and management’s long-term performance goals, as well as statements relating to the anticipated effects on our results of operations and financial condition from expected or potential developments or events, or business and growth strategies, including anticipated internal growth and balance sheet restructuring.

These forward-looking statements involve significant risks and uncertainties that could cause our actual results to differ materially from those anticipated in such statements. Potential risks and uncertainties include, but are not limited to:

the strength of the United States economy in general and the strength of the local economies in which we conduct operations;
our ability to successfully manage interest rate risk, credit risk, liquidity risk, and other risks inherent to our industry;
the accuracy of our financial statement estimates and assumptions, including the estimates used for our credit loss reserve and deferred tax asset valuation allowance;
the efficiency and effectiveness of our internal control procedures and processes;
our ability to comply with the extensive laws and regulations to which we are subject, including the laws for each jurisdiction where we operate;
adverse changes or conditions in capital and financial markets, including actual or potential stresses in the banking industry;
deposit attrition and the level of our uninsured deposits;
legislative or regulatory changes and changes in accounting principles, policies, practices or guidelines, including the on-going effects of the Current Expected Credit Losses (“CECL”) standard;
the lack of a significantly diversified loan portfolio and our concentration in the South Florida market, including the risks of geographic, depositor, and industry concentrations, including our concentration in loans secured by real estate, in particular, commercial real estate;
the effects of climate change;
the concentration of ownership of our common stock;
fluctuations in the price of our common stock;
our ability to fund or access the capital markets at attractive rates and terms and manage our growth, both organic growth as well as growth through other means, such as future acquisitions;
inflation, interest rate, unemployment rate, and market and monetary fluctuations;
the effects of potential new or increased tariffs and trade restrictions;
the impact of international hostilities and geopolitical events;
increased competition and its effect on the pricing of our products and services as well as our interest rate spread and net interest margin;
the loss of key employees;
the effectiveness of our risk management strategies, including operational risks, including, but not limited to, client, employee, or third-party fraud and security breaches; and
other risks described in this earnings release and other filings we make with the Securities and Exchange Commission (“SEC”).

All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations. Therefore, you are cautioned not to place undue reliance on any forward-looking statements. Further, forward-looking statements included in this earnings release are made only as of the date hereof, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events, unless required to do so under the federal securities laws. You should also review the risk factors described in the reports the Company filed or will file with the SEC.

Non-GAAP Financial Measures

This earnings release includes financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). This financial information includes certain operating performance measures. Management has included these non-GAAP measures because it believes these measures may provide useful supplemental information for evaluating the Company’s operations and underlying performance trends. Further, management uses these measures in managing and evaluating the Company’s business and intends to refer to them in discussions about our operations and performance. Operating performance measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures can be found in the ‘Non-GAAP Reconciliation Tables’ included in the exhibits to this earnings release.

All numbers included in this press release are unaudited unless otherwise noted.

Contacts:

Investor Relations
InvestorRelations@uscentury.com

Media Relations
Martha Guerra-Kattou
MGuerra@uscentury.com

USCB FINANCIAL HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands, except per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Interest income:
Loans, including fees	$	31,946	$	28,017	$	62,191	$	54,660
Investment securities		3,432		3,069		6,456		5,880
Interest-bearing deposits in financial institutions		776		1,531		1,485		2,964
Total interest income		36,154		32,617		70,132		63,504
Interest expense:
Interest-bearing checking deposits		285		391		623		760
Savings and money market deposits		9,410		10,071		18,745		20,465
Time deposits		4,343		3,222		8,261		6,516
FHLB advances and other borrowings		1,082		1,622		2,354		3,294
Total interest expense		15,120		15,306		29,983		31,035
Net interest income before provision for credit losses		21,034		17,311		40,149		32,469
Provision for credit losses		1,031		786		1,712		1,196
Net interest income after provision for credit losses		20,003		16,525		38,437		31,273
Non-interest income:
Service fees		2,402		1,977		4,733		3,628
Gain on sale of securities available for sale, net		–		14		–		14
Gain on sale of loans held for sale, net		151		417		676		484
Other non-interest income		817		803		1,677		1,549
Total non-interest income		3,370		3,211		7,086		5,675
Non-interest expense:
Salaries and employee benefits		7,954		7,353		15,590		13,663
Occupancy		1,337		1,266		2,621		2,580
Regulatory assessments and fees		396		476		817		909
Consulting and legal fees		263		263		456		855
Network and information technology services		564		479		1,069		986
Other operating expense		2,120		1,723		4,133		3,741
Total non-interest expense		12,634		11,560		24,686		22,734
Net income before income tax expense		10,739		8,176		20,837		14,214
Income tax expense		2,599		1,967		5,039		3,393
Net income	$	8,140	$	6,209	$	15,798	$	10,821
Per share information:
Net income per common share, basic	$	0.41	$	0.32	$	0.79	$	0.55
Net income per common share, diluted	$	0.40	$	0.31	$	0.78	$	0.55
Cash dividends declared	$	0.10	$	0.05	$	0.20	$	0.10
Weighted average shares outstanding:
Common shares, basic		20,059,264		19,650,681		20,040,205		19,642,006
Common shares, diluted		20,295,794		19,717,167		20,299,585		19,707,561

USCB FINANCIAL HOLDINGS, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(Dollars in thousands, except per share data)

	As of or For the Three Months Ended
	6/30/2025			3/31/2025			12/31/2024			9/30/2024			6/30/2024
Income statement data:
Net interest income before provision for credit losses	$	21,034		$	19,115		$	19,358		$	18,109		$	17,311
Provision for credit losses		1,031			681			1,030			931			786
Net interest income after provision for credit losses		20,003			18,434			18,328			17,178			16,525
Service fees		2,402			2,331			2,667			2,544			1,977
Gain on sale of securities available for sale, net		–			–			–			–			14
Gain on sale of loans held for sale, net		151			525			154			109			417
Other non-interest income		817			860			806			785			803
Total non-interest income		3,370			3,716			3,627			3,438			3,211
Salaries and employee benefits		7,954			7,636			7,930			7,200			7,353
Occupancy		1,337			1,284			1,337			1,341			1,266
Regulatory assessments and fees		396			421			405			452			476
Consulting and legal fees		263			193			552			161			263
Network and information technology services		564			505			494			513			479
Other operating expense		2,120			2,013			2,136			1,787			1,723
Total non-interest expense		12,634			12,052			12,854			11,454			11,560
Net income before income tax expense		10,739			10,098			9,101			9,162			8,176
Income tax expense		2,599			2,440			2,197			2,213			1,967
Net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,209
Per share information:
Net income per common share, basic	$	0.41		$	0.38		$	0.35		$	0.35		$	0.32
Net income per common share, diluted	$	0.40		$	0.38		$	0.34		$	0.35		$	0.31
Cash dividends declared	$	0.10		$	0.10		$	0.05		$	0.05		$	0.05
Balance sheet data (at period-end):
Cash and cash equivalents	$	54,819		$	97,984		$	77,035		$	38,486		$	77,261
Securities available-for-sale	$	285,382		$	275,139		$	260,221		$	259,527		$	236,444
Securities held-to-maturity	$	158,740		$	161,790		$	164,694		$	167,001		$	169,606
Total securities	$	444,122		$	436,929		$	424,915		$	426,528		$	406,050
Loans held for investment ⁽¹⁾	$	2,113,318		$	2,036,212		$	1,972,848		$	1,931,362		$	1,869,249
Allowance for credit losses	$	(24,933	)	$	(24,740	)	$	(24,070	)	$	(23,067	)	$	(22,230	)
Total assets	$	2,719,474		$	2,677,382		$	2,581,216		$	2,503,954		$	2,458,270
Non-interest-bearing demand deposits	$	584,895		$	605,489		$	575,159		$	637,313		$	579,243
Interest-bearing deposits	$	1,750,766		$	1,704,080		$	1,598,845		$	1,489,304		$	1,477,459
Total deposits	$	2,335,661		$	2,309,569		$	2,174,004		$	2,126,617		$	2,056,702
FHLB advances and other borrowings	$	108,000		$	108,000		$	163,000		$	118,000		$	162,000
Total liabilities	$	2,487,891		$	2,452,294		$	2,365,828		$	2,290,038		$	2,257,250
Total stockholders’ equity	$	231,583		$	225,088		$	215,388		$	213,916		$	201,020
Capital ratios:⁽²⁾
Leverage ratio		9.72	%		9.61	%		9.53	%		9.34	%		9.03	%
Common equity tier 1 capital		12.52	%		12.48	%		12.28	%		12.01	%		11.93	%
Tier 1 risk-based capital		12.52	%		12.48	%		12.28	%		12.01	%		11.93	%
Total risk-based capital		13.73	%		13.72	%		13.51	%		13.22	%		13.12	%

(1) Loan amounts include deferred fees/costs.
(2) Reflects the Company’s regulatory capital ratios which are provided for informational purposes only; as a small bank holding company, the Company is not subject to regulatory capital requirements. The Bank’s total risk-based capital at June 30, 2025 was 13.67%.

USCB FINANCIAL HOLDINGS, INC.
AVERAGE BALANCES, RATIOS, AND OTHER DATA (UNAUDITED)
(Dollars in thousands)

	As of or For the Three Months Ended
	6/30/2025			3/31/2025			12/31/2024			9/30/2024			6/30/2024
Average balance sheet data:
Cash and cash equivalents	$	71,388		$	82,610		$	56,937		$	87,937		$	107,831
Securities available-for-sale	$	281,840		$	265,154		$	255,786		$	244,882		$	263,345
Securities held-to-maturity	$	160,443		$	163,510		$	165,831		$	168,632		$	171,682
Total securities	$	442,283		$	428,664		$	421,617		$	413,514		$	435,027
Loans held for investment⁽¹⁾	$	2,057,445		$	1,986,856		$	1,958,566		$	1,878,230		$	1,828,487
Total assets	$	2,677,198		$	2,606,593		$	2,544,592		$	2,485,434		$	2,479,222
Interest-bearing deposits	$	1,710,568		$	1,652,147		$	1,547,789		$	1,468,067		$	1,473,513
Non-interest-bearing demand deposits	$	580,121		$	563,040		$	590,829		$	609,456		$	610,370
Total deposits	$	2,290,689		$	2,215,187		$	2,138,618		$	2,077,523		$	2,083,883
FHLB advances and other borrowings	$	116,527		$	138,944		$	151,804		$	156,043		$	162,000
Total liabilities	$	2,448,706		$	2,387,088		$	2,328,877		$	2,278,793		$	2,281,467
Total stockholders’ equity	$	228,492		$	219,505		$	215,715		$	206,641		$	197,755
Performance ratios:
Return on average assets ⁽²⁾		1.22	%		1.19	%		1.08	%		1.11	%		1.01	%
Return on average equity ⁽²⁾		14.29	%		14.15	%		12.73	%		13.38	%		12.63	%
Net interest margin ⁽²⁾		3.28	%		3.10	%		3.16	%		3.03	%		2.94	%
Non-interest income to average assets ⁽²⁾		0.50	%		0.58	%		0.57	%		0.55	%		0.52	%
Non-interest expense to average assets ⁽²⁾		1.89	%		1.88	%		2.01	%		1.83	%		1.88	%
Efficiency ratio ⁽³⁾		51.77	%		52.79	%		55.92	%		53.16	%		56.33	%
Loans by type (at period end): ⁽⁴⁾
Residential real estate	$	307,020		$	301,164		$	289,961		$	283,477		$	256,807
Commercial real estate	$	1,206,621		$	1,150,129		$	1,136,417		$	1,095,112		$	1,053,030
Commercial and industrial	$	263,966		$	256,326		$	258,311		$	246,539		$	248,525
Correspondent banks	$	110,155		$	103,026		$	82,438		$	103,815		$	112,510
Consumer and other	$	218,426		$	218,711		$	198,091		$	198,604		$	194,644
Asset quality data:
Allowance for credit losses to total loans		1.18	%		1.22	%		1.22	%		1.19	%		1.19	%
Allowance for credit losses to non-performing loans		1825	%		595	%		889	%		846	%		2,933	%
Total non-performing loans⁽⁵⁾	$	1,366		$	4,156		$	2,707		$	2,725		$	758
Non-performing loans to total loans		0.06	%		0.20	%		0.14	%		0.14	%		0.04	%
Non-performing assets to total assets⁽⁵⁾		0.05	%		0.16	%		0.10	%		0.11	%		0.03	%
Net charge-offs (recoveries of) to average loans ⁽²⁾		0.14	%		0.00	%		(0.00	)%		(0.00	)%		(0.00	)%
Net charge-offs (recovery) of credit losses	$	702		$	2		$	(11	)	$	(6	)	$	(2	)
Interest rates and yields:⁽²⁾
Loans held for investment		6.23	%		6.17	%		6.25	%		6.32	%		6.16	%
Investment securities		3.06	%		2.81	%		2.63	%		2.61	%		2.80	%
Total interest-earning assets		5.64	%		5.51	%		5.57	%		5.61	%		5.54	%
Deposits⁽⁶⁾		2.46	%		2.49	%		2.48	%		2.66	%		2.64	%
FHLB advances and other borrowings		3.72	%		3.71	%		3.81	%		4.05	%		4.03	%
Total interest-bearing liabilities		3.32	%		3.37	%		3.47	%		3.79	%		3.76	%
Other information:
Full-time equivalent employees		203			201			199			198			197

(1) Loan amounts include deferred fees/costs.
(2) Annualized.
(3) Efficiency ratio is defined as total non-interest expense divided by sum of net interest income and total non-interest income.
(4) Loan amounts exclude deferred fees/costs.
(5) The amounts for total non-performing loans and total non-performing assets are the same at the dates presented since there was no other real estate owned (OREO) recorded at any of the dates presented.
(6) Reflects effect of non-interest-bearing deposits.

USCB FINANCIAL HOLDINGS, INC.
NET INTEREST MARGIN (UNAUDITED)
(Dollars in thousands)

	Three Months Ended June 30,
	2025						2024
	Average Balance		Interest		Yield/Rate ⁽¹⁾		Average Balance		Interest		Yield/Rate ⁽¹⁾
Assets
Interest-earning assets:
Loans held for investment⁽²⁾	$	2,057,445	$	31,946	6.23	%	$	1,828,487	$	28,017	6.16	%
Investment securities ⁽³⁾		449,624		3,432	3.06	%		440,559		3,069	2.80	%
Other interest-earning assets		63,974		776	4.87	%		100,371		1,531	6.13	%
Total interest-earning assets		2,571,043		36,154	5.64	%		2,369,417		32,617	5.54	%
Non-interest-earning assets		106,155						109,805
Total assets	$	2,677,198					$	2,479,222
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Interest-bearing checking deposits	$	46,694		285	2.45	%	$	56,369		391	2.79	%
Saving and money market deposits		1,211,513		9,410	3.12	%		1,101,272		10,071	3.68	%
Time deposits		452,361		4,343	3.85	%		315,872		3,222	4.10	%
Total interest-bearing deposits		1,710,568		14,038	3.29	%		1,473,513		13,684	3.74	%
FHLB advances and other borrowings		116,527		1,082	3.72	%		162,000		1,622	4.03	%
Total interest-bearing liabilities		1,827,095		15,120	3.32	%		1,635,513		15,306	3.76	%
Non-interest-bearing demand deposits		580,121						610,370
Other non-interest-bearing liabilities		41,490						35,584
Total liabilities		2,448,706						2,281,467
Stockholders’ equity		228,492						197,755
Total liabilities and stockholders’ equity	$	2,677,198					$	2,479,222
Net interest income			$	21,034					$	17,311
Net interest spread ⁽⁴⁾					2.32	%					1.78	%
Net interest margin ⁽⁵⁾					3.28	%					2.94	%

(1) Annualized.
(2) Average loan balances include non-accrual loans. Interest income on loans includes accretion of deferred loan fees, net of deferred loan costs.
(3) At fair value except for securities held to maturity. This amount includes FHLB stock.
(4) Net interest spread is the average yield earned on total interest-earning assets minus the average rate paid on total interest-bearing liabilities.
(5) Net interest margin is the ratio of net interest income to total interest-earning assets.

USCB FINANCIAL HOLDINGS, INC.
NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(Dollars in thousands)

	As of or For the Three Months Ended
	6/30/2025			3/31/2025			12/31/2024			9/30/2024			6/30/2024
Pre-tax pre-provision (“PTPP”) income:⁽¹⁾
Net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,209
Plus: Provision for income taxes		2,599			2,440			2,197			2,213			1,967
Plus: Provision for credit losses		1,031			681			1,030			931			786
PTPP income	$	11,770		$	10,779		$	10,131		$	10,093		$	8,962

PTPP return on average assets:⁽¹⁾
PTPP income	$	11,770		$	10,779		$	10,131		$	10,093		$	8,962
Average assets	$	2,677,198		$	2,606,593		$	2,544,592		$	2,485,434		$	2,479,222
PTPP return on average assets ⁽²⁾		1.76	%		1.68	%		1.58	%		1.62	%		1.45	%

Operating net income:⁽¹⁾
Net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,209
Less: Net gains on sale of securities		–			–			–			–			14
Less: Tax effect on sale of securities		–			–			–			–			(4	)
Operating net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,199

Operating PTPP income:⁽¹⁾
PTPP income	$	11,770		$	10,779		$	10,131		$	10,093		$	8,962
Less: Net gains on sale of securities		–			–			–			–			14
Operating PTPP income	$	11,770		$	10,779		$	10,131		$	10,093		$	8,948

Operating PTPP return on average assets:⁽¹⁾
Operating PTPP income	$	11,770		$	10,779		$	10,131		$	10,093		$	8,948
Average assets	$	2,677,198		$	2,606,593		$	2,544,592		$	2,485,434		$	2,479,222
Operating PTPP return on average assets ⁽²⁾		1.76	%		1.68	%		1.58	%		1.62	%		1.45	%

Operating return on average assets:⁽¹⁾
Operating net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,199
Average assets	$	2,677,198		$	2,606,593		$	2,544,592		$	2,485,434		$	2,479,222
Operating return on average assets ⁽²⁾		1.22	%		1.19	%		1.08	%		1.11	%		1.01	%

Operating return on average equity:⁽¹⁾
Operating net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,199
Average equity	$	228,492		$	219,505		$	215,715		$	206,641		$	197,755
Operating return on average equity ⁽²⁾		14.29	%		14.15	%		12.73	%		13.38	%		12.61	%

Operating Revenue:⁽¹⁾
Net interest income	$	21,034		$	19,115		$	19,358		$	18,109		$	17,311
Non-interest income		3,370			3,716			3,627			3,438			3,211
Less: Net gains on sale of securities		–			–			–			–			14
Operating revenue	$	24,404		$	22,831		$	22,985		$	21,547		$	20,508

Operating Efficiency Ratio:⁽¹⁾
Total non-interest expense	$	12,634		$	12,052		$	12,854		$	11,454		$	11,560
Operating revenue	$	24,404		$	22,831		$	22,985		$	21,547		$	20,508
Operating efficiency ratio		51.77	%		52.79	%		55.92	%		53.16	%		56.37	%

(1) The Company believes these non-GAAP measurements are key indicators of the ongoing earnings power of the Company.
(2) Annualized.

USCB FINANCIAL HOLDINGS, INC.
NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(Dollars in thousands, except per share data)

	As of or For the Three Months Ended
	6/30/2025			3/31/2025			12/31/2024			9/30/2024			6/30/2024
Tangible book value per common share (at period-end):⁽¹⁾
Total stockholders’ equity	$	231,583		$	225,088		$	215,388		$	213,916		$	201,020
Less: Intangible assets		–			–			–			–			–
Tangible stockholders’ equity	$	231,583		$	225,088		$	215,388		$	213,916		$	201,020
Total shares issued and outstanding (at period-end):
Total common shares issued and outstanding		20,078,385			20,048,385			19,924,632			19,620,632			19,630,632
Tangible book value per common share⁽²⁾	$	11.53		$	11.23		$	10.81		$	10.90		$	10.24

Operating diluted net income per common share:⁽¹⁾
Operating net income	$	8,140		$	7,658		$	6,904		$	6,949		$	6,199
Total weighted average diluted shares of common stock		20,295,794			20,319,535			20,183,731			19,825,211			19,717,167
Operating diluted net income per common share:	$	0.40		$	0.38		$	0.34		$	0.35		$	0.31

Tangible Common Equity/Tangible Assets⁽¹⁾
Tangible stockholders’ equity	$	231,583		$	225,088		$	215,388		$	213,916		$	201,020
Tangible total assets⁽³⁾	$	2,719,474		$	2,677,382		$	2,581,216		$	2,503,954		$	2,458,270
Tangible Common Equity/Tangible Assets		8.52	%		8.41	%		8.34	%		8.54	%		8.18	%

(1) The Company believes these non-GAAP measurements are key indicators of the ongoing earnings power of the Company.
(2) Excludes the dilutive effect, if any, of shares of common stock issuable upon exercise of outstanding stock options.
(3) Since the Company has no intangible assets, tangible total assets is the same amount as total assets calculated under GAAP.

MIL-OSI: Montauk Renewables Schedules Second Quarter 2025 Conference Call for Thursday, August 7, 2025, at 8:30 a.m. ET

Source: GlobeNewswire (MIL-OSI)

PITTSBURGH, July 24, 2025 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), will host a conference call and webcast on Thursday, August 7, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the day prior to the conference call and webcast.

Second Quarter 2025 Conference Call and Webcast Details

Date:	Thursday, August 7, 2025
Time:	8:30 a.m. ET
Participant Access:	[Link Here]

Please register for the conference call and webcast using the above link in advance of the call start time. The webcast platform will register your name and organization as well as provide dial-in numbers and a unique access pin. Please contact Gateway Group at (949) 574-3860 if you experience technical difficulties.

The conference call and webcast will have a live Q&A session and be available here and on the Company’s website at https://ir.montaukrenewables.com.

A replay of the conference call and webcast will be available after 11:30 a.m. Eastern time on the same day through August 7, 2026.

About Montauk Renewables, Inc.

Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.

Company Contact:

John Ciroli
Chief Legal Officer (CLO) & Secretary
investors@montaukenergy.com
(412) 747-8700

Investor Relations Contact:

Georg Venturatos
Gateway Group
MNTK@Gateway-grp.com
(949) 574-3860

MIL-OSI: Montauk Renewables Schedules Second Quarter 2025 Conference Call for Thursday, August 7, 2025, at 8:30 a.m. ET

Source: GlobeNewswire (MIL-OSI)

PITTSBURGH, July 24, 2025 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), will host a conference call and webcast on Thursday, August 7, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the day prior to the conference call and webcast.

Second Quarter 2025 Conference Call and Webcast Details

Date:	Thursday, August 7, 2025
Time:	8:30 a.m. ET
Participant Access:	[Link Here]

Please register for the conference call and webcast using the above link in advance of the call start time. The webcast platform will register your name and organization as well as provide dial-in numbers and a unique access pin. Please contact Gateway Group at (949) 574-3860 if you experience technical difficulties.

The conference call and webcast will have a live Q&A session and be available here and on the Company’s website at https://ir.montaukrenewables.com.

A replay of the conference call and webcast will be available after 11:30 a.m. Eastern time on the same day through August 7, 2026.

About Montauk Renewables, Inc.

Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.

Company Contact:

John Ciroli
Chief Legal Officer (CLO) & Secretary
investors@montaukenergy.com
(412) 747-8700

Investor Relations Contact:

Georg Venturatos
Gateway Group
MNTK@Gateway-grp.com
(949) 574-3860

MIL-OSI: Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended June 30, 2025

Source: GlobeNewswire (MIL-OSI)

2nd Quarter 2025 Highlights:

Including the $19.9 million expenses related to the current quarter acquisition, diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39 per share.
Net income was $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent, from the prior quarter net income of $54.6 million and an increase of $8.1 million, or 18 percent, from the prior year second quarter net income of $44.7 million.
Net interest income was $208 million for the current quarter, an increase of $17.6 million, or 9 percent, from the prior quarter net interest income of $190 million and an increase of $41.1 million, or 25 percent, from the prior year second quarter net interest income of $166 million.
The loan portfolio of $18.533 billion increased $1.314 billion, or 8 percent, during the current quarter and organically increased $239 million, or 6 percent annualized, during the current quarter.
Total deposits of $21.629 billion at June 30, 2025 increased $994 million, or 5 percent, from the prior quarter.
Non-interest bearing deposits of $6.594 billion increased $493 million, or 8 percent, from the prior quarter and organically increased $222 million, or 4 percent, from the prior quarter.
Total deposits and repurchase agreements organically increased $43 million, or 1 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 3.21 percent, an increase of 17 basis points from the prior quarter net interest margin of 3.04 percent and an increase of 53 basis points from the prior year second quarter net interest margin of 2.68 percent.
The loan yield of 5.86 percent in the current quarter increased 9 basis points from the prior quarter loan yield of 5.77 percent and increased 28 basis points from the prior year second quarter loan yield of 5.58 percent.
The total earning asset yield of 4.73 percent in the current quarter increased 12 basis points from the prior quarter earning asset yield of 4.61 percent and increased 36 basis points from the prior year second quarter earning asset yield of 4.37 percent.
The total cost of funding (including non-interest bearing deposits) of 1.63 percent in the current quarter decreased 5 basis point from the prior quarter total cost of funding of 1.68 percent and decreased 17 basis points form the prior year second quarter total cost of funding of 1.80 percent.
The Company declared a quarterly dividend of $0.33 per share. The Company has declared 161 consecutive quarterly dividends and has increased the dividend 49 times.
The Company completed the acquisition of Bank of Idaho Holding Co., the bank holding company for Bank of Idaho (collectively, “BOID”) which had total assets of $1.4 billion as of April 30, 2025. This was the Company’s 26th bank acquisition since 2000 and its 12th transaction in the past 10 years.
The Company announced the signing of a definitive agreement to acquire Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”) which had total assets of $3.1 billion as of June 30, 2025. This acquisition will expand the Company’s southwest presence and be the first entrance into the state of Texas.

First Half 2025 Highlights

Diluted earnings per share for the first half of 2025 was $0.93 per share, an increase of 37 percent from the prior year first half diluted earnings per share of $0.68 per share.
Net income for the first half of 2025 was $107 million, an increase of $30.0 million, or 39 percent, from the prior year first half net income of $77.3 million.
Net interest income was $398 million for the first half of the current year, an increase of $64.6 million, or 19 percent, from the prior year net interest income of $333 million.
The loan portfolio increased $1.271 billion, or 7 percent, during the first half of 2025 and organically increased $196 million, or 2 percent, during the first half of 2025.
Total deposits increased $1.527 billion, or 8 percent, from the prior year second quarter.
Total deposits and repurchase agreements organically increased $202 million, or 1 percent, from the prior year second quarter.
The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first half of 2025 was 3.12 percent, an increase of 48 basis points from the prior year first half net interest margin of 2.64 percent.
Dividends declared in the first half of 2025 were $0.66 per share.

Financial Summary

	At or for the Three Months ended							At or for the Six Months ended
(Dollars in thousands, except per share and market data)	Jun 30, 2025			Mar 31, 2025		Jun 30, 2024		Jun 30, 2025		Jun 30, 2024
Operating results
Net income	$	52,781		54,568		44,708		107,349		77,335
Basic earnings per share	$	0.45		0.48		0.39		0.93		0.68
Diluted earnings per share	$	0.45		0.48		0.39		0.93		0.68
Dividends declared per share	$	0.33		0.33		0.33		0.66		0.66
Market value per share
Closing	$	43.08		44.22		37.32		43.08		37.32
High	$	44.70		52.81		40.18		52.81		42.75
Low	$	36.76		43.18		34.35		36.76		34.35
Selected ratios and other data
Number of common stock shares outstanding		118,550,475		113,517,944		113,394,092		118,550,475		113,394,092
Average outstanding shares – basic		116,890,776		113,451,199		113,390,539		115,180,489		112,941,341
Average outstanding shares – diluted		116,918,290		113,546,365		113,405,491		115,244,550		112,981,531
Return on average assets (annualized)		0.74	%	0.80	%	0.66	%	0.77	%	0.56	%
Return on average equity (annualized)		6.13	%	6.77	%	5.77	%	6.44	%	5.01	%
Efficiency ratio		62.08	%	65.49	%	67.97	%	63.72	%	71.17	%
Loan to deposit ratio		85.91	%	83.64	%	84.03	%	85.91	%	84.03	%
Number of full time equivalent employees		3,665		3,457		3,399		3,665		3,399
Number of locations		247		227		231		247		231
Number of ATMs		300		286		286		300		286

KALISPELL, Mont., July 24, 2025 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent from the prior quarter net income of $54.6 million and an increase of $8.1 million, or 18 percent, from the $44.7 million of net income for the prior year second quarter. Diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39. The current quarter included $3.2 million in acquisition-related expenses and $16.7 million of credit loss expense from the acquisition of BOID. “We continue to be very pleased with the long-term positive momentum that we see in the results this quarter. Net interest income continues to grow, net interest margin growth was very strong and disciplined cost control was evident,” said Randy Chesler, President and Chief Executive Officer. “In addition, we had a busy quarter closing the Bank of Idaho transaction and also announcing the expansion of our southwest region with the planned acquisition of Guaranty Bank & Trust in Texas.”

On April 30, 2025, the Company completed the acquisition of BOID, which had 15 branches across eastern Idaho, Boise and eastern Washington. Upon the core system conversion, the BOID operations will join three existing Glacier Bank divisions. The Eastern Idaho operations of Bank of Idaho will join Citizens Community Bank, the Boise operations will join Mountain West Bank and the Eastern Washington operations will join Wheatland Bank. The Company’s results of operations and financial condition include the BOID acquisition beginning on the acquisition date.
The following table discloses the preliminary fair value estimates of select classifications of assets and liabilities acquired:

	BOID
(Dollars in thousands)	April 30, 2025
Total assets	$	1,369,764
Cash and cash equivalents		26,127
Debt securities		139,974
Loans receivable		1,075,232
Non-interest bearing deposits		271,385
Interest bearing deposits		806,992
Borrowings and subordinated debt		71,932
Core deposit intangible		19,758
Goodwill		75,207

On June 24, 2025, the Company announced the signing of a definitive agreement to acquire Guaranty, a leading community bank headquartered in Mount Pleasant, Texas. As of June 30, 2025, Guaranty had total assets of $3.1 billion, total gross loans of $2.1 billion and total deposits of $2.7 billion. Upon closing of the transaction, Guaranty will operate as a new banking division under the name “Guaranty Bank & Trust, Division of Glacier Bank,” representing the Company’s 18th separate bank division. The acquisition is subject to regulatory approvals, approval of Guaranty’s shareholders and other customary conditions of closing and is expected to be completed in the fourth quarter of 2025.

Asset Summary

										$ Change from
(Dollars in thousands)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Cash and cash equivalents	$	915,507		981,485		848,408		800,779		(65,978	)	67,099		114,728
Debt securities, available-for-sale		4,024,980		4,172,312		4,245,205		4,499,541		(147,332	)	(220,225	)	(474,561	)
Debt securities, held-to-maturity		3,206,133		3,261,575		3,294,847		3,400,403		(55,442	)	(88,714	)	(194,270	)
Total debt securities		7,231,113		7,433,887		7,540,052		7,899,944		(202,774	)	(308,939	)	(668,831	)
Loans receivable
Residential real estate		1,931,554		1,850,079		1,858,929		1,771,528		81,475		72,625		160,026
Commercial real estate		11,935,109		10,952,809		10,963,713		10,713,964		982,300		971,396		1,221,145
Other commercial		3,303,889		3,121,477		3,119,535		3,066,028		182,412		184,354		237,861
Home equity		975,429		920,132		930,994		905,884		55,297		44,435		69,545
Other consumer		386,759		374,021		388,678		394,587		12,738		(1,919	)	(7,828	)
Loans receivable		18,532,740		17,218,518		17,261,849		16,851,991		1,314,222		1,270,891		1,680,749
Allowance for credit losses		(226,799	)	(210,400	)	(206,041	)	(200,955	)	(16,399	)	(20,758	)	(25,844	)
Loans receivable, net		18,305,941		17,008,118		17,055,808		16,651,036		1,297,823		1,250,133		1,654,905
Other assets		2,557,546		2,435,389		2,458,719		2,453,581		122,157		98,827		103,965
Total assets	$	29,010,107		27,858,879		27,902,987		27,805,340		1,151,228		1,107,120		1,204,767

The Company continues to maintain a strong cash position of $916 million at June 30, 2025 which was a decrease of $66 million over the prior quarter and an increase of $115 million over the prior year second quarter. Total debt securities of $7.231 billion at June 30, 2025 decreased $203 million, or 3 percent, during the current quarter and decreased $669 million, or 8 percent, from the prior year second quarter. Debt securities represented 25 percent of total assets at June 30, 2025 compared to 27 percent at March 31, 2025 and 28 percent at June 30, 2024.

The loan portfolio of $18.533 billion at June 30, 2025 increased $1.314 billion, or 8 percent, during the current quarter and increased $1.681 billion, or 10 percent, from the prior year second quarter. Excluding the BOID acquisition, the loan portfolio organically increased $239 million, or 6 percent annualized, during the current quarter. Excluding the BOID acquisition, the loan category with the largest dollar increase during the current quarter was commercial real estate which increased $250 million, or 2 percent over the prior quarter. Excluding the BOID acquisition and the Rocky Mountain Bank (“RMB”) acquisition on July 19, 2024, the loan portfolio organically increased $334 million, or 2 percent, since the prior year second quarter. Excluding the acquisitions, the loan category with the largest dollar increase in the last twelve months was commercial real estate which increased $368 million, or 3 percent over the prior quarter.

Credit Quality Summary

	At or for the Six Months ended			At or for the Three Months ended		At or for the Year ended		At or for the Six Months ended
(Dollars in thousands)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Allowance for credit losses
Balance at beginning of period	$	206,041		206,041		192,757		192,757
Acquisitions		35		—		3		3
Provision for credit losses		24,163		6,154		27,179		14,157
Charge-offs		(7,236	)	(3,897	)	(18,626	)	(8,430	)
Recoveries		3,796		2,102		4,728		2,468
Balance at end of period	$	226,799		210,400		206,041		200,955
Provision for credit losses
Loan portfolio	$	24,163		6,154		27,179		14,157
Unfunded loan commitments		3,918		1,660		1,127		(2,390	)
Total provision for credit losses	$	28,081		7,814		28,306		11,767
Other real estate owned	$	1,737		1,085		1,085		432
Other foreclosed assets		142		68		79		198
Accruing loans 90 days or more past due		11,371		5,289		6,177		4,692
Non-accrual loans		35,356		32,896		20,445		12,686
Total non-performing assets	$	48,606		39,338		27,786		18,008
Non-performing assets as a percentage of subsidiary assets		0.17	%	0.14	%	0.10	%	0.06	%
Allowance for credit losses as a percentage of non-performing loans		485	%	551	%	774	%	1,116	%
Allowance for credit losses as a percentage of total loans		1.22	%	1.22	%	1.19	%	1.19	%
Net charge-offs as a percentage of total loans		0.02	%	0.01	%	0.08	%	0.04	%
Accruing loans 30-89 days past due	$	54,403		46,458		32,228		49,678
U.S. government guarantees included in non-performing assets	$	2,651		685		748		1,228

Non-performing assets as a percentage of subsidiary assets at June 30, 2025 was 0.17 percent compared to 0.14 percent in the prior quarter and 0.06 percent in the prior year second quarter. Non-performing assets of $48.6 million at June 30, 2025 increased $9.3 million, or 24 percent, over the prior quarter and increased $30.6 million, or 170 percent, over the prior year second quarter.

Early stage delinquencies (accruing loans 30-89 days past due) as a percentage of loans at June 30, 2025 were 0.28 percent compared to 0.27 percent for the prior quarter end and 0.29 percent for the prior year second quarter. Early stage delinquencies of $54.4 million at June 30, 2025 increased $7.9 million from the prior quarter and decreased $4.7 million from prior year second quarter.

The current quarter provision for credit loss expense of $20.3 million included $14.6 million of credit loss expense on loans and $2.1 million of credit loss expense on unfunded loan commitments from the acquisition of BOID. Excluding the acquisition of BOID, the current quarter credit loss expense was $3.6 million, including $3.4 million of credit loss expense on loans and $159 thousand of credit loss expense on unfunded commitments.

The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at June 30, 2025 and March 31, 2025 compared to 1.19 percent at June 30, 2024. Loan portfolio growth, composition, average loan size, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the provision for credit losses for 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
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	%
Third quarter 2024		6,981		2,766	1.19	%	0.33	%	0.10	%
Second quarter 2024		5,066		2,890	1.19	%	0.29	%	0.06	%
First quarter 2024		9,091		3,072	1.19	%	0.37	%	0.09	%
Fourth quarter 2023		4,181		3,695	1.19	%	0.31	%	0.09	%
Third quarter 2023		5,095		2,209	1.19	%	0.09	%	0.15	%

Net charge-offs for the current quarter were $1.6 million compared to $1.8 million in the prior quarter and $2.9 million for the prior year second quarter. The current quarter net charge-offs included $1.5 million in deposit overdraft net charge-offs and $111 thousand 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 exhibits 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)	Jun 30, 2025		Mar 31, 2025	Dec 31, 2024	Jun 30, 2024	Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Deposits
Non-interest bearing deposits	$	6,593,728	6,100,548	6,136,709	6,093,430	493,180		457,019		500,298
NOW and DDA accounts		5,747,388	5,676,177	5,543,512	5,219,838	71,211		203,876		527,550
Savings accounts		2,956,387	2,896,378	2,845,124	2,862,034	60,009		111,263		94,353
Money market deposit accounts		3,089,115	2,816,874	2,878,213	2,858,850	272,241		210,902		230,265
Certificate accounts		3,238,576	3,140,333	3,139,821	3,064,613	98,243		98,755		173,963
Core deposits, total		21,625,194	20,630,310	20,543,379	20,098,765	994,884		1,081,815		1,526,429
Wholesale deposits		3,308	3,740	3,615	2,994	(432	)	(307	)	314
Deposits, total		21,628,502	20,634,050	20,546,994	20,101,759	994,452		1,081,508		1,526,743
Repurchase agreements		1,976,228	1,849,070	1,777,475	1,629,504	127,158		198,753		346,724
Deposits and repurchase agreements, total		23,604,730	22,483,120	22,324,469	21,731,263	1,121,610		1,280,261		1,873,467
Federal Home Loan Bank advances		1,255,088	1,520,000	1,800,000	2,350,000	(264,912	)	(544,912	)	(1,094,912	)
Other borrowed funds		81,771	82,443	83,341	88,149	(672	)	(1,570	)	(6,378	)
Subordinated debentures		157,127	133,145	133,105	133,024	23,982		24,022		24,103
Other liabilities		374,003	352,563	338,218	365,459	21,440		35,785		8,544
Total liabilities	$	25,472,719	24,571,271	24,679,133	24,667,895	901,448		793,586		804,824

Total deposits of $21.629 billion at June 30, 2025 increased $994 million, or 5 percent, from the prior quarter and increased $1.527 billion, or 8 percent, from the prior year second quarter. Non-interest bearing deposits of $6.594 billion increased $493 million, or 8 percent, from the prior quarter and organically increased $222 million, or 4 percent, from the prior quarter. Total repurchase agreements of $1.976 billion at June 30, 2025 increased $127 million, or 7 percent, from the prior quarter and increased $347 million, or 21 percent, from the prior year second quarter. Excluding acquisitions, total deposits and repurchase agreements organically increased $43 million, or 1 percent annualized, from the prior quarter and increased $394 million, or 2 percent, from the prior year second quarter. Non-interest bearing deposits represented 30 percent of total deposits at each of June 30, 2025, December 31, 2024 and June 30, 2024.

Subordinated debentures of $157 million, increased $24.0 million, or 18 percent, during the current quarter as a result of the acquisition of BOID. Federal Home Loan Bank (“FHLB”) advances of $1.255 billion decreased $265 million, or 17 percent, from the prior quarter and decreased $1.095 billion, or 47 percent, from the prior year second quarter.

Stockholders’ Equity Summary

										$ Change from
(Dollars in thousands, except per share data)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Common equity	$	3,776,043		3,550,719		3,533,150		3,492,096		225,324		242,893		283,947
Accumulated other comprehensive loss		(238,655	)	(263,111	)	(309,296	)	(354,651	)	24,456		70,641		115,996
Total stockholders’ equity		3,537,388		3,287,608		3,223,854		3,137,445		249,780		313,534		399,943
Goodwill and intangibles, net		(1,191,474	)	(1,099,229	)	(1,102,500	)	(1,066,790	)	(92,245	)	(88,974	)	(124,684	)
Tangible stockholders’ equity	$	2,345,914		2,188,379		2,121,354		2,070,655		157,535		224,560		275,259
Stockholders’ equity to total assets		12.19	%	11.80	%	11.55	%	11.28	%
Tangible stockholders’ equity to total tangible assets		8.43	%	8.18	%	7.92	%	7.74	%
Book value per common share	$	29.84		28.96		28.43		27.67		0.88		1.41		2.17
Tangible book value per common share	$	19.79		19.28		18.71		18.26		0.51		1.08		1.53

Tangible stockholders’ equity of $2.346 billion at June 30, 2025 increased $158 million, or 7 percent, compared to the prior quarter and was primarily due to $205 million of Company stock issued in connection with the acquisition of BOID. The increase was partially offset by the increase in goodwill and core deposits associated with the BOID acquisition. Tangible book value per common share of $19.79 at the current quarter end increased $0.51 per share, or 3 percent, from the prior quarter and increased $1.53 per share, or 8 percent, from the prior year second quarter.

Cash Dividends
On June 24, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable July 17, 2025 to shareholders of record on July 8, 2025. The dividend was the Company’s 161st 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 June 30, 2025
Compared to March 31, 2025, and June 30, 2024

Income Summary

	Three Months ended							$ Change from
(Dollars in thousands)	Jun 30, 2025			Mar 31, 2025		Jun 30, 2024		Mar 31, 2025		Jun 30, 2024
Net interest income
Interest income	$	308,115		289,925		273,834		18,190		34,281
Interest expense		100,499		99,946		107,356		553		(6,857	)
Total net interest income		207,616		189,979		166,478		17,637		41,138
Non-interest income
Service charges and other fees		20,405		18,818		19,422		1,587		983
Miscellaneous loan fees and charges		5,067		4,664		4,821		403		246
Gain on sale of loans		4,273		4,311		4,669		(38	)	(396	)
Loss on sale of securities		—		—		(12	)	—		12
Other income		3,199		4,849		3,304		(1,650	)	(105	)
Total non-interest income		32,944		32,642		32,204		302		740
Total income	$	240,560		222,621		198,682		17,939		41,878
Net interest margin (tax-equivalent)		3.21	%	3.04	%	2.68	%

Net Interest Income
Net interest income of $208 million for the current quarter increased $17.6 million, or 9 percent, from the prior quarter net interest income of $190 million and increased $41.1 million, or 25 percent, from the prior year second quarter net interest income of $166 million. The current quarter interest income of $308 million increased $18.2 million, or 6 percent, over the prior quarter and increased $34.3 million, or 13 percent, over the prior year second quarter, both increases primarily due to the increase in the loan yields and the increase in average balances of the loan portfolio. The loan yield of 5.86 percent in the current quarter increased 9 basis points from the prior quarter loan yield of 5.77 percent and increased 28 basis points from the prior year second quarter loan yield of 5.58 percent.

The current quarter interest expense of $100 million increased $553 thousand or 55 basis points, over the prior quarter and was primarily attributable to an increase in average deposit balances. The current quarter interest expense decreased $6.9 million, or 6 percent, over the prior year second quarter and was primarily the result of lower average wholesale borrowings and a decrease in deposit costs. Core deposit cost (including non-interest bearing deposits) was 1.25 percent for both the current and prior quarters compared to 1.36 percent in the prior year second quarter. The total cost of funding (including non-interest bearing deposits) of 1.63 percent in the current quarter decreased 5 basis points from the prior quarter and decreased 17 basis points from the prior year second quarter.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.21 percent, an increase of 17 basis points from the prior quarter net interest margin of 3.04 percent and was primarily driven by an increase in loan yields and a decrease in total cost of funding. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was an increase of 53 basis points from the prior year second quarter net interest margin of 2.68 percent and was also primarily driven by the increase in loan yields and the decrease in total cost of funding. Core net interest margin excludes the impact from discount accretion and non-accrual interest. Excluding the 3 basis points from discount accretion, the core net interest margin was 3.18 percent in the current quarter compared to 2.99 percent in the prior quarter and 2.63 in the prior year second quarter. “Growth in the loan portfolio at higher yields, along with stable deposit costs and the reduction in higher cost FHLB borrowings contributed to the 17 basis points increase in the current quarter net interest margin,” said Ron Copher, Chief Financial Officer.

Non-interest Income
Non-interest income for the current quarter totaled $32.9 million, which was an increase of $302 thousand, or 1 percent, over the prior quarter and an increase of $740 thousand, or 2 percent, over the prior year second quarter. Service charges and other fees of $20.4 million for the current quarter increased $1.6 million, or 8 percent, compared to the prior quarter and increased $983 thousand, or 5 percent, compared to the prior year second quarter. Gain on the sale of residential loans of $4.3 million for the current quarter decreased $38 thousand, or 88 basis points, compared to the prior quarter and decreased $396 thousand, or 8 percent, from the prior year second quarter. Other income of $3.2 million decreased $1.7 million, or 34 percent, over the prior quarter primarily due to other income of $1.1 million related to bank owned life insurance proceeds in the prior quarter.

Non-interest Expense Summary

	Three Months ended				$ Change from
(Dollars in thousands)	Jun 30, 2025		Mar 31, 2025	Jun 30, 2024	Mar 31, 2025		Jun 30, 2024
Compensation and employee benefits	$	94,355	91,443	84,434	2,912		9,921
Occupancy and equipment		12,558	12,294	11,594	264		964
Advertising and promotions		4,394	4,144	4,362	250		32
Data processing		9,883	9,138	9,387	745		496
Other real estate owned and foreclosed assets		26	63	149	(37	)	(123	)
Regulatory assessments and insurance		5,847	5,534	5,393	313		454
Intangibles amortization		3,624	3,270	3,017	354		607
Other expenses		24,432	25,432	22,616	(1,000	)	1,816
Total non-interest expense	$	155,119	151,318	140,952	3,801		14,167

Total non-interest expense of $155 million for the current quarter increased $3.8 million, or 3 percent, over the prior quarter and increased $14.2 million, or 10 percent, over the prior year second quarter. Compensation and employee benefits of $94.4 million increased by $2.9 million, or 3 percent, over the prior quarter and was primarily attributable to increased costs from the acquisition. Compensation and employee benefits increased $9.9 million, or 12 percent, from the prior year second quarter and was primarily driven by annual salary increases and increases in staffing levels from current and prior year acquisitions.

Other expenses of $24.4 million decreased $1.0 million, or 4 percent, from the prior quarter and increased $1.8 million, or 8 percent, from the prior year second quarter. Acquisition-related expense was $3.2 million in the current quarter compared to $587 thousand in the prior quarter and $1.8 million in the prior year second quarter. The current quarter other expenses included $1.6 million of gain from the sale of a former branch facility compared to a $1.2 million gain in the prior quarter and a $2.0 million gain in the prior year second quarter.

Federal and State Income Tax Expense
Tax expense during the second quarter of 2025 was $12.4 million, an increase of $3.5 million, or 39 percent, compared to the prior quarter and an increase of $2.9 million, or 30 percent, from the prior year second quarter. The effective tax rate in the current quarter was 19.0 percent compared to 14.0 percent in the prior quarter and 17.5 percent in the prior year second quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter was the result of a combination of lower federal income tax credits and an increase in income before income tax expense in the current quarter.

Efficiency Ratio
The efficiency ratio was 62.08 percent in the current quarter compared to 65.49 percent in the prior quarter and 67.97 percent in the prior year second quarter. The decrease from the prior quarter and the prior year second quarter was principally driven by the increase in net interest income which outpaced the increase in non-interest expense.

Operating Results for Six Months Ended June 30, 2025
Compared to June 30, 2024

Income Summary

	Six Months ended
(Dollars in thousands)	Jun 30, 2025			Jun 30, 2024			$ Change			% Change
Net interest income
Interest income	$	598,040		$	553,236		$	44,804		8	%
Interest expense		200,445			220,278			(19,833	)	(9)	%
Total net interest income		397,595			332,958			64,637		19	%
Non-interest income
Service charges and other fees		39,223			37,985			1,238		3	%
Miscellaneous loan fees and charges		9,731			9,183			548		6	%
Gain on sale of loans		8,584			8,031			553		7	%
Gain on sale of securities		—			4			(4	)	(100)	%
Other income		8,048			6,990			1,058		15	%
Total non-interest income		65,586			62,193			3,393		5	%
Total Income	$	463,181		$	395,151		$	68,030		17	%
Net interest margin (tax-equivalent)		3.12	%		2.64	%

Net Interest Income
Net-interest income of $398 million for the first half of 2025 increased $64.6 million, or 19 percent, from the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $598 million for the first half of 2025 increased $44.8 million, or 8 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 5.82 percent during the first half of 2025, an increase of 30 basis points from the prior year first half loan yield of 5.52 percent.

Interest expense of $200 million for the first half of 2025 decreased $19.8 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 1.25 percent for the first half of 2025, which was a decrease of 10 basis points over the first half of the prior year core deposit costs of 1.35 percent. The total funding cost (including non-interest bearing deposits) for the first half of 2025 was 1.65 percent, which was a decrease of 17 basis points over the first half of the prior year funding cost of 1.82 percent.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first half of 2025 was 3.12 percent, a 48 basis points increase from the net interest margin of 2.64 percent for the first half of the prior year. Excluding the 4 basis points from discount accretion, the core net interest margin was 3.08 percent in the first half of the current year compared to 2.60 percent in the prior year first half. The increase in net interest margin from the prior year was primarily driven by increased loan yields and decreased 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 $65.6 million for the first half of 2025 increased $3.4 million, or 5 percent, over the same period last year. Service charges and other fees of $39.2 million for the first half of 2025 increased $1.2 million, or 3 percent, over the first half of the prior year. Gain on sale of residential loans of $8.6 million for the first half of 2025 increased by $553 thousand, or 7 percent, over the first half of the prior year. Other income of $8.0 million for the first half of 2025 increased $1.1 million over the prior year first half and was primarily due to other income of $1.1 million related to bank owned life insurance proceeds in the current year.

Non-interest Expense Summary

	Six Months ended
(Dollars in thousands)	Jun 30, 2025		Jun 30, 2024		$ Change			% Change
Compensation and employee benefits	$	185,798	$	170,223	$	15,575		9	%
Occupancy and equipment		24,852		23,477		1,375		6	%
Advertising and promotions		8,538		8,345		193		2	%
Data processing		19,021		18,546		475		3	%
Other real estate owned and foreclosed assets		89		174		(85	)	(49)	%
Regulatory assessments and insurance		11,381		13,154		(1,773	)	(13)	%
Core deposit intangibles amortization		6,894		5,777		1,117		19	%
Other expenses		49,864		53,099		(3,235	)	(6)	%
Total non-interest expense	$	306,437	$	292,795	$	13,642		5	%

Total non-interest expense of $306 million for the first half of 2025 increased $13.6 million, or 5 percent, over the same period in the prior year. Compensation and employee benefits expense of $186 million in the first half of 2025 increased $15.6 million, or 9 percent, over the same period in the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Regulatory assessment and insurance expense of $11.4 million for the first half of 2025 decreased $1.8 million, or 13 percent, from the prior year first half primarily as a result of adjustments to the FDIC special assessment. Other expenses of $49.9 million for the first half of 2025 decreased $3.2 million, or 6 percent, from the first half of the prior year and was primarily driven by a decrease of $3.7 million of acquisition-related expenses.

Provision for Credit Losses
The provision for credit loss expense was $28.1 million for the first half of 2025, an increase of $16.3 million, or 139 percent, over the same period in the prior year. Included in the current year provision for credit losses was $16.7 million from the acquisition of BOID and included in the prior year was $5.3 million from the acquisition of Wheatland Bank. Net charge-offs for the first half of 2025 were $3.4 million compared to $6.0 million in the first half of 2024.

Federal and State Income Tax Expense
Tax expense of $21.3 million for the first half of 2025 increased $8.1 million, or 61 percent, over the same period in the prior year. The effective tax rate for the first half of 2025 was 16.6 percent compared to 14.6 percent for the same period in the prior year. The increase in tax expense and the increase in the effective tax rate was the primarily the result of an increase in the pre-tax income.

Efficiency Ratio
The efficiency ratio was 63.72 percent for the first half of 2025 compared to 71.17 percent for the same period of 2024. 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 increased FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increased 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 Ukraine and the Middle East;
risks associated with the Company’s ability to negotiate, complete, and successfully integrate pending or future acquisitions;
costs or difficulties related to the completion and integration of pending or recently completed 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 or further consolidation in the financial services industry, resulting in 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 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, July 25, 2025. 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/BI39099c48cd94493cadee5c8f4fe748e5. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/zusost57.

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 eight state Western U.S. 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), 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).

CONTACT: Randall M. Chesler, CEO

(406) 751-4722

Ron J. Copher, CFO

(406) 751-7706

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Financial Condition

(Dollars in thousands, except per share data)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Assets
Cash on hand and in banks	$	375,398		322,253		268,746		271,107
Interest bearing cash deposits		540,109		659,232		579,662		529,672
Cash and cash equivalents		915,507		981,485		848,408		800,779
Debt securities, available-for-sale		4,024,980		4,172,312		4,245,205		4,499,541
Debt securities, held-to-maturity		3,206,133		3,261,575		3,294,847		3,400,403
Total debt securities		7,231,113		7,433,887		7,540,052		7,899,944
Loans held for sale, at fair value		47,738		40,523		33,060		39,745
Loans receivable		18,532,740		17,218,518		17,261,849		16,851,991
Allowance for credit losses		(226,799	)	(210,400	)	(206,041	)	(200,955	)
Loans receivable, net		18,305,941		17,008,118		17,055,808		16,651,036
Premises and equipment, net		426,801		411,095		411,968		391,266
Right-of-use assets, net		56,525		54,441		56,252		60,249
Other real estate owned and foreclosed assets		1,879		1,153		1,164		630
Accrued interest receivable		108,286		103,992		99,262		102,279
Deferred tax asset		114,528		122,942		138,955		155,834
Intangibles, net		64,949		47,911		51,182		43,028
Goodwill		1,126,525		1,051,318		1,051,318		1,023,762
Non-marketable equity securities		76,990		88,134		99,669		121,810
Bank-owned life insurance		191,623		191,044		189,849		187,793
Other assets		341,702		322,836		326,040		327,185
Total assets	$	29,010,107		27,858,879		27,902,987		27,805,340
Liabilities
Non-interest bearing deposits	$	6,593,728		6,100,548		6,136,709		6,093,430
Interest bearing deposits		15,034,774		14,533,502		14,410,285		14,008,329
Securities sold under agreements to repurchase		1,976,228		1,849,070		1,777,475		1,629,504
FHLB advances		1,255,088		1,520,000		1,800,000		2,350,000
Other borrowed funds		62,366		62,216		62,062		64,702
Finance lease liabilities		19,405		20,227		21,279		23,447
Subordinated debentures		157,127		133,145		133,105		133,024
Accrued interest payable		27,973		30,231		33,626		31,000
Operating lease liabilities		42,274		39,244		39,902		41,421
Other liabilities		303,756		283,088		264,690		293,038
Total liabilities		25,472,719		24,571,271		24,679,133		24,667,895
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		1,186		1,135		1,134		1,134
Paid-in capital		2,661,018		2,449,311		2,448,758		2,445,479
Retained earnings – substantially restricted		1,113,839		1,100,273		1,083,258		1,045,483
Accumulated other comprehensive loss		(238,655	)	(263,111	)	(309,296	)	(354,651	)
Total stockholders’ equity		3,537,388		3,287,608		3,223,854		3,137,445
Total liabilities and stockholders’ equity	$	29,010,107		27,858,879		27,902,987		27,805,340

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Operations

	Three Months ended					Six Months ended
(Dollars in thousands)	Jun 30, 2025		Mar 31, 2025	Jun 30, 2024		Jun 30, 2025	Jun 30, 2024
Interest Income
Investment securities	$	44,148	45,646	42,165		89,794	98,383
Residential real estate loans		25,361	24,275	21,754		49,636	42,518
Commercial loans		214,816	197,388	188,326		412,204	369,798
Consumer and other loans		23,790	22,616	21,589		46,406	42,537
Total interest income		308,115	289,925	273,834		598,040	553,236
Interest Expense
Deposits		65,569	62,865	67,852		128,434	135,048
Securities sold under agreements to repurchase		14,109	13,733	13,566		27,842	26,164
Federal Home Loan Bank advances		17,806	20,719	24,179		38,525	28,428
FRB Bank Term Funding		—	—	—		—	27,097
Other borrowed funds		400	402	353		802	697
Subordinated debentures		2,615	2,227	1,406		4,842	2,844
Total interest expense		100,499	99,946	107,356		200,445	220,278
Net Interest Income		207,616	189,979	166,478		397,595	332,958
Provision for credit losses		20,267	7,814	3,518		28,081	11,767
Net interest income after provision for credit losses		187,349	182,165	162,960		369,514	321,191
Non-Interest Income
Service charges and other fees		20,405	18,818	19,422		39,223	37,985
Miscellaneous loan fees and charges		5,067	4,664	4,821		9,731	9,183
Gain on sale of loans		4,273	4,311	4,669		8,584	8,031
(Loss) gain on sale of securities		—	—	(12	)	—	4
Other income		3,199	4,849	3,304		8,048	6,990
Total non-interest income		32,944	32,642	32,204		65,586	62,193
Non-Interest Expense
Compensation and employee benefits		94,355	91,443	84,434		185,798	170,223
Occupancy and equipment		12,558	12,294	11,594		24,852	23,477
Advertising and promotions		4,394	4,144	4,362		8,538	8,345
Data processing		9,883	9,138	9,387		19,021	18,546
Other real estate owned and foreclosed assets		26	63	149		89	174
Regulatory assessments and insurance		5,847	5,534	5,393		11,381	13,154
Intangibles amortization		3,624	3,270	3,017		6,894	5,777
Other expenses		24,432	25,432	22,616		49,864	53,099
Total non-interest expense		155,119	151,318	140,952		306,437	292,795
Income Before Income Taxes		65,174	63,489	54,212		128,663	90,589
Federal and state income tax expense		12,393	8,921	9,504		21,314	13,254
Net Income	$	52,781	54,568	44,708		107,349	77,335

Glacier Bancorp, Inc. Average Balance Sheets

	Three Months ended
	June 30, 2025						March 31, 2025
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	1,940,514	$	25,361	5.23	%	$	1,885,497	$	24,275	5.15	%
Commercial loans ¹		14,884,885		216,385	5.83	%		14,091,210		198,921	5.73	%
Consumer and other loans		1,336,030		23,790	7.14	%		1,302,687		22,616	7.04	%
Total loans ²		18,161,429		265,536	5.86	%		17,279,394		245,812	5.77	%
Tax-exempt debt securities ³		1,594,895		13,999	3.51	%		1,604,851		13,936	3.47	%
Taxable debt securities ^{4, 5}		6,645,312		32,045	1.93	%		6,946,562		33,598	1.93	%
Total earning assets		26,401,636		311,580	4.73	%		25,830,807		293,346	4.61	%
Goodwill and intangibles		1,153,466						1,100,801
Non-earning assets		918,007						847,855
Total assets	$	28,473,109					$	27,779,463
Liabilities
Non-interest bearing deposits	$	6,256,245	$	—	—	%	$	5,989,490	$	—	—	%
NOW and DDA accounts		5,674,990		16,045	1.13	%		5,525,976		15,065	1.11	%
Savings accounts		2,904,389		5,402	0.75	%		2,861,675		5,159	0.73	%
Money market deposit accounts		3,000,487		15,389	2.06	%		2,849,470		13,526	1.93	%
Certificate accounts		3,211,418		28,667	3.58	%		3,152,198		29,075	3.74	%
Total core deposits		21,047,529		65,503	1.25	%		20,378,809		62,825	1.25	%
Wholesale deposits ⁶		5,618		66	4.67	%		3,600		40	4.53	%
Repurchase agreements		1,898,841		14,109	2.98	%		1,842,773		13,733	3.02	%
FHLB advances		1,494,781		17,806	4.71	%		1,744,000		20,719	4.75	%
Subordinated debentures and other borrowed funds		231,902		3,015	5.21	%		216,073		2,629	4.94	%
Total funding liabilities		24,678,671		100,499	1.63	%		24,185,255		99,946	1.68	%
Other liabilities		338,289						326,764
Total liabilities		25,016,960						24,512,019
Stockholders’ Equity
Stockholders’ equity		3,456,149						3,267,444
Total liabilities and stockholders’ equity	$	28,473,109					$	27,779,463
Net interest income (tax-equivalent)			$	211,081					$	193,400
Net interest spread (tax-equivalent)					3.10	%					2.93	%
Net interest margin (tax-equivalent)					3.21	%					3.04	%

______________________________

¹	Includes tax effect of $1.6 million and $1.5 million on tax-exempt municipal loan and lease income for the three months ended June 30, 2025 and March 31, 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 $1.7 million and $1.7 million on tax-exempt debt securities income for the three months ended June 30, 2025 and March 31, 2025, respectively.
⁴	Includes interest income of $4.8 million and $6.1 million on average interest-bearing cash balances of $433.7 million and $559.5 million for the three months ended June 30, 2025 and March 31, 2025, respectively.
⁵	Includes tax effect of $151 thousand and $150 thousand on federal income tax credits for the three months ended June 30, 2025 and March 31, 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)

	Three Months ended
	June 30, 2025						June 30, 2024
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	1,940,514	$	25,361	5.23	%	$	1,796,787	$	21,754	4.84	%
Commercial loans ¹		14,884,885		216,385	5.83	%		13,740,455		189,939	5.56	%
Consumer and other loans		1,336,030		23,790	7.14	%		1,290,587		21,589	6.73	%
Total loans ²		18,161,429		265,536	5.86	%		16,827,829		233,282	5.58	%
Tax-exempt debt securities ³		1,594,895		13,999	3.51	%		1,707,269		15,111	3.54	%
Taxable debt securities ^{4, 5}		6,645,312		32,045	1.93	%		7,042,885		29,461	1.67	%
Total earning assets		26,401,636		311,580	4.73	%		25,577,983		277,854	4.37	%
Goodwill and intangibles		1,153,466						1,068,250
Non-earning assets		918,007						754,491
Total assets	$	28,473,109					$	27,400,724
Liabilities
Non-interest bearing deposits	$	6,256,245	$	—	—	%	$	6,026,709	$	—	—	%
NOW and DDA accounts		5,674,990		16,045	1.13	%		5,221,883		15,728	1.21	%
Savings accounts		2,904,389		5,402	0.75	%		2,914,538		6,014	0.83	%
Money market deposit accounts		3,000,487		15,389	2.06	%		2,904,438		14,467	2.00	%
Certificate accounts		3,211,418		28,667	3.58	%		3,037,638		31,593	4.18	%
Total core deposits		21,047,529		65,503	1.25	%		20,105,206		67,802	1.36	%
Wholesale deposits ⁶		5,618		66	4.67	%		3,726		50	5.50	%
Repurchase agreements		1,898,841		14,109	2.98	%		1,597,887		13,566	3.41	%
FHLB advances		1,494,781		17,806	4.71	%		2,007,747		24,179	4.76	%
Subordinated debentures and other borrowed funds		231,902		3,015	5.21	%		224,778		1,759	3.15	%
Total funding liabilities		24,678,671		100,499	1.63	%		23,939,344		107,356	1.80	%
Other liabilities		338,289						344,105
Total liabilities		25,016,960						24,283,449
Stockholders’ Equity
Stockholders’ equity		3,456,149						3,117,275
Total liabilities and stockholders’ equity	$	28,473,109					$	27,400,724
Net interest income (tax-equivalent)			$	211,081					$	170,498
Net interest spread (tax-equivalent)					3.10	%					2.57	%
Net interest margin (tax-equivalent)					3.21	%					2.68	%

______________________________

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 June 30, 2025 and 2024, 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 $1.7 million and $2.2 million on tax-exempt debt securities income for the three months ended June 30, 2025 and 2024, respectively.
⁴	Includes interest income of $4.8 million and $1.9 million on average interest-bearing cash balances of $433.7 million and $143.0 million for the three months ended June 30, 2025 and 2024, respectively.
⁵	Includes tax effect of $151 thousand and $211 thousand on federal income tax credits for the three months ended June 30, 2025 and 2024, 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)

	Six Months ended
	June 30, 2025						June 30, 2024
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	1,913,157	$	49,636	5.19	%	$	1,771,985	$	42,518	4.80	%
Commercial loans ¹		14,490,240		415,306	5.78	%		13,626,941		372,984	5.50	%
Consumer and other loans		1,319,451		46,406	7.09	%		1,286,988		42,537	6.65	%
Total loans ²		17,722,848		511,348	5.82	%		16,685,914		458,039	5.52	%
Tax-exempt debt securities ³		1,599,845		27,935	3.49	%		1,713,819		30,268	3.53	%
Taxable debt securities ^{4, 5}		6,795,105		65,643	1.93	%		7,609,930		72,938	1.92	%
Total earning assets		26,117,798		604,926	4.67	%		26,009,663		561,245	4.34	%
Goodwill and intangibles		1,127,279						1,060,102
Non-earning assets		883,125						683,020
Total assets	$	28,128,202					$	27,752,785
Liabilities
Non-interest bearing deposits	$	6,123,604	$	—	—	%	$	5,996,627	$	—	—	%
NOW and DDA accounts		5,600,895		31,110	1.12	%		5,248,793		31,646	1.21	%
Savings accounts		2,883,150		10,561	0.74	%		2,907,594		11,669	0.81	%
Money market deposit accounts		2,925,396		28,915	1.99	%		2,926,366		28,860	1.98	%
Certificate accounts		3,181,971		57,742	3.66	%		3,019,176		62,768	4.18	%
Total core deposits		20,715,016		128,328	1.25	%		20,098,556		134,943	1.35	%
Wholesale deposits ⁶		4,615		106	4.62	%		3,846		105	5.50	%
Repurchase agreements		1,870,962		27,842	3.00	%		1,555,642		26,164	3.38	%
FHLB advances		1,618,702		38,525	4.73	%		1,179,251		28,428	4.77	%
FRB Bank Term Funding		—		—	—	%		1,241,538		27,097	4.39	%
Subordinated debentures and other borrowed funds		224,031		5,644	5.08	%		221,525		3,541	3.21	%
Total funding liabilities		24,433,326		200,445	1.65	%		24,300,358		220,278	1.82	%
Other liabilities		332,558						350,329
Total liabilities		24,765,884						24,650,687
Stockholders’ Equity
Stockholders’ equity		3,362,318						3,102,098
Total liabilities and stockholders’ equity	$	28,128,202					$	27,752,785
Net interest income (tax-equivalent)			$	404,481					$	340,967
Net interest spread (tax-equivalent)					3.02	%					2.52	%
Net interest margin (tax-equivalent)					3.12	%					2.64	%

______________________________

¹	Includes tax effect of $3.1 million and $3.2 million on tax-exempt municipal loan and lease income for the Six Months ended June 30, 2025 and 2024, 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 $3.5 million and $4.4 million on tax-exempt debt securities income for the Six Months ended June 30, 2025 and 2024, respectively.
⁴	Includes interest income of $11.0 million and $17.2 million on average interest-bearing cash balances of $496.2 million and $631.7 million for the Six Months ended June 30, 2025 and 2024, respectively.
⁵	Includes tax effect of $301 thousand and $426 thousand on federal income tax credits for the Six Months ended June 30, 2025 and 2024, 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)	Jun 30, 2025			Mar 31, 2025			Dec 31, 2024			Mar 31, 2025		Dec 31, 2024
Custom and owner occupied construction	$	254,790		$	233,584		$	242,844		9	%	5	%
Pre-sold and spec construction		208,106			200,921			191,926		4	%	8	%
Total residential construction		462,896			434,505			434,770		7	%	6	%
Land development		176,925			177,448			197,369		—	%	(10)	%
Consumer land or lots		229,823			197,553			187,024		16	%	23	%
Unimproved land		127,550			115,528			113,532		10	%	12	%
Developed lots for operative builders		73,053			64,782			61,661		13	%	18	%
Commercial lots		175,929			95,574			99,243		84	%	77	%
Other construction		753,056			714,151			693,461		5	%	9	%
Total land, lot, and other construction		1,536,336			1,365,036			1,352,290		13	%	14	%
Owner occupied		3,529,536			3,182,589			3,197,138		11	%	10	%
Non-owner occupied		4,283,986			4,054,107			4,053,996		6	%	6	%
Total commercial real estate		7,813,522			7,236,696			7,251,134		8	%	8	%
Commercial and industrial		1,545,498			1,392,365			1,395,997		11	%	11	%
Agriculture		1,167,611			1,016,081			1,024,520		15	%	14	%
First lien		2,590,433			2,499,494			2,481,918		4	%	4	%
Junior lien		80,170			85,343			76,303		(6)	%	5	%
Total 1-4 family		2,670,603			2,584,837			2,558,221		3	%	4	%
Multifamily residential		975,785			874,071			895,242		12	%	9	%
Home equity lines of credit		1,048,595			989,043			1,005,783		6	%	4	%
Other consumer		197,744			188,388			209,457		5	%	(6)	%
Total consumer		1,246,339			1,177,431			1,215,240		6	%	3	%
States and political subdivisions		973,145			1,001,058			983,601		(3)	%	(1)	%
Other		188,743			176,961			183,894		7	%	3	%
Total loans receivable, including loans held for sale		18,580,478			17,259,041			17,294,909		8	%	7	%
Less loans held for sale ¹		(47,738	)		(40,523	)		(33,060	)	18	%	44	%
Total loans receivable	$	18,532,740		$	17,218,518		$	17,261,849		8	%	7	%

______________________________

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)	Jun 30, 2025		Mar 31, 2025	Dec 31, 2024	Jun 30, 2024	Jun 30, 2025	Jun 30, 2025	Jun 30, 2025
Custom and owner occupied construction	$	235	194	198	206	189	46	—
Pre-sold and spec construction		2,806	2,896	2,132	2,908	2,043	763	—
Total residential construction		3,041	3,090	2,330	3,114	2,232	809	—
Land development		885	935	966	—	875	10	—
Consumer land or lots		460	173	78	429	164	296	—
Developed lots for operative builders		531	531	531	608	—	531	—
Commercial lots		47	47	47	47	—	47	—
Other construction		—	—	—	25	—	—	—
Total land, lot and other construction		1,923	1,686	1,622	1,109	1,039	884	—
Owner occupied		4,412	3,601	2,979	1,992	4,407	5	—
Non-owner occupied		1,206	2,235	2,235	257	—	—	1,206
Total commercial real estate		5,618	5,836	5,214	2,249	4,407	5	1,206
Commercial and Industrial		14,764	12,367	2,069	2,044	13,452	1,243	69
Agriculture		6,603	2,382	2,335	2,442	2,141	4,462	—
First lien		10,549	8,752	9,053	2,923	7,856	2,162	531
Junior lien		533	296	315	492	293	240	—
Total 1-4 family		11,082	9,048	9,368	3,415	8,149	2,402	531
Multifamily residential		398	400	389	385	398	—	—
Home equity lines of credit		4,016	3,479	3,465	2,145	2,834	1,182	—
Other consumer		921	1,003	955	1,089	704	144	73
Total consumer		4,937	4,482	4,420	3,234	3,538	1,326	73
Other		240	47	39	16	—	240	—
Total	$	48,606	39,338	27,786	18,008	35,356	11,371	1,879

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification (continued)

	Accruing 30-89 Days Delinquent Loans, by Loan Type								% Change from
(Dollars in thousands)	Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Custom and owner occupied construction	$	385	$	786	$	969	$	1,323	(51)	%	(60)	%	(71)	%
Pre-sold and spec construction		—		—		564		816	n/m		(100)	%	(100)	%
Total residential construction		385		786		1,533		2,139	(51)	%	(75)	%	(82)	%
Land development		170		—		1,450		—	n/m		(88)	%	n/m
Consumer land or lots		1,210		1,026		402		411	18	%	201	%	194	%
Unimproved land		75		32		36		158	134	%	108	%	(53)	%
Developed lots for operative builders		—		—		214		—	n/m		(100)	%	n/m
Commercial lots		—		189		—		21	(100)	%	n/m		(100)	%
Other construction		7,840		—		—		—	n/m		n/m		n/m
Total land, lot and other construction		9,295		1,247		2,102		590	645	%	342	%	1,475	%
Owner occupied		3,903		3,786		2,867		4,326	3	%	36	%	(10)	%
Non-owner occupied		13,806		346		5,037		8,119	3,890	%	174	%	70	%
Total commercial real estate		17,709		4,132		7,904		12,445	329	%	124	%	42	%
Commercial and industrial		6,711		5,358		6,194		17,591	25	%	8	%	(62)	%
Agriculture		8,243		5,731		744		5,288	44	%	1,008	%	56	%
First lien		3,583		14,826		6,326		2,637	(76)	%	(43)	%	36	%
Junior lien		—		1,023		214		17	(100)	%	(100)	%	(100)	%
Total 1-4 family		3,583		15,849		6,540		2,654	(77)	%	(45)	%	35	%
Home equity lines of credit		5,482		6,993		3,731		5,432	(22)	%	47	%	1	%
Other consumer		1,615		1,824		1,775		2,192	(11)	%	(9)	%	(26)	%
Total consumer		7,097		8,817		5,506		7,624	(20)	%	29	%	(7)	%
States and political subdivisions		—		3,220		—		—	(100)	%	n/m		n/m
Other		1,380		1,318		1,705		1,347	5	%	(19)	%	2	%
Total	$	54,403	$	46,458	$	32,228	$	49,678	17	%	69	%	10	%

______________________________

^{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)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Jun 30, 2025	Jun 30, 2025
Pre-sold and spec construction	$	50		—		(4	)	(4	)	51	1
Land development		(341	)	(341	)	1,095		(1	)	—	341
Consumer land or lots		(3	)	(3	)	(22	)	(22	)	—	3
Unimproved land		—		—		1,338		5		—	—
Commercial lots		—		—		319		319		—	—
Total land, lot and other construction		(344	)	(344	)	2,730		301		—	344
Owner occupied		(1	)	(1	)	(73	)	(73	)	—	1
Non-owner occupied		(8	)	(6	)	2		(2	)	—	8
Total commercial real estate		(9	)	(7	)	(71	)	(75	)	—	9
Commercial and industrial		26		92		1,422		644		827	801
Agriculture		(109	)	(1	)	64		68		—	109
First lien		(79	)	(69	)	32		(22	)	1	80
Junior lien		(137	)	(5	)	(65	)	(55	)	—	137
Total 1-4 family		(216	)	(74	)	(33	)	(77	)	1	217
Home equity lines of credit		(20	)	(20	)	69		1		10	30
Other consumer		656		276		1,078		493		789	133
Total consumer		636		256		1,147		494		799	163
Other		3,406		1,873		8,643		4,611		5,558	2,152
Total	$	3,440		1,795		13,898		5,962		7,236	3,796

Visit our website at www.glacierbancorp.com

MIL-OSI: Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended June 30, 2025

Source: GlobeNewswire (MIL-OSI)

2nd Quarter 2025 Highlights:

Including the $19.9 million expenses related to the current quarter acquisition, diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39 per share.
Net income was $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent, from the prior quarter net income of $54.6 million and an increase of $8.1 million, or 18 percent, from the prior year second quarter net income of $44.7 million.
Net interest income was $208 million for the current quarter, an increase of $17.6 million, or 9 percent, from the prior quarter net interest income of $190 million and an increase of $41.1 million, or 25 percent, from the prior year second quarter net interest income of $166 million.
The loan portfolio of $18.533 billion increased $1.314 billion, or 8 percent, during the current quarter and organically increased $239 million, or 6 percent annualized, during the current quarter.
Total deposits of $21.629 billion at June 30, 2025 increased $994 million, or 5 percent, from the prior quarter.
Non-interest bearing deposits of $6.594 billion increased $493 million, or 8 percent, from the prior quarter and organically increased $222 million, or 4 percent, from the prior quarter.
Total deposits and repurchase agreements organically increased $43 million, or 1 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 3.21 percent, an increase of 17 basis points from the prior quarter net interest margin of 3.04 percent and an increase of 53 basis points from the prior year second quarter net interest margin of 2.68 percent.
The loan yield of 5.86 percent in the current quarter increased 9 basis points from the prior quarter loan yield of 5.77 percent and increased 28 basis points from the prior year second quarter loan yield of 5.58 percent.
The total earning asset yield of 4.73 percent in the current quarter increased 12 basis points from the prior quarter earning asset yield of 4.61 percent and increased 36 basis points from the prior year second quarter earning asset yield of 4.37 percent.
The total cost of funding (including non-interest bearing deposits) of 1.63 percent in the current quarter decreased 5 basis point from the prior quarter total cost of funding of 1.68 percent and decreased 17 basis points form the prior year second quarter total cost of funding of 1.80 percent.
The Company declared a quarterly dividend of $0.33 per share. The Company has declared 161 consecutive quarterly dividends and has increased the dividend 49 times.
The Company completed the acquisition of Bank of Idaho Holding Co., the bank holding company for Bank of Idaho (collectively, “BOID”) which had total assets of $1.4 billion as of April 30, 2025. This was the Company’s 26th bank acquisition since 2000 and its 12th transaction in the past 10 years.
The Company announced the signing of a definitive agreement to acquire Guaranty Bancshares, Inc., the bank holding company for Guaranty Bank & Trust, N.A. (collectively, “Guaranty”) which had total assets of $3.1 billion as of June 30, 2025. This acquisition will expand the Company’s southwest presence and be the first entrance into the state of Texas.

First Half 2025 Highlights

Diluted earnings per share for the first half of 2025 was $0.93 per share, an increase of 37 percent from the prior year first half diluted earnings per share of $0.68 per share.
Net income for the first half of 2025 was $107 million, an increase of $30.0 million, or 39 percent, from the prior year first half net income of $77.3 million.
Net interest income was $398 million for the first half of the current year, an increase of $64.6 million, or 19 percent, from the prior year net interest income of $333 million.
The loan portfolio increased $1.271 billion, or 7 percent, during the first half of 2025 and organically increased $196 million, or 2 percent, during the first half of 2025.
Total deposits increased $1.527 billion, or 8 percent, from the prior year second quarter.
Total deposits and repurchase agreements organically increased $202 million, or 1 percent, from the prior year second quarter.
The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first half of 2025 was 3.12 percent, an increase of 48 basis points from the prior year first half net interest margin of 2.64 percent.
Dividends declared in the first half of 2025 were $0.66 per share.

Financial Summary

	At or for the Three Months ended							At or for the Six Months ended
(Dollars in thousands, except per share and market data)	Jun 30, 2025			Mar 31, 2025		Jun 30, 2024		Jun 30, 2025		Jun 30, 2024
Operating results
Net income	$	52,781		54,568		44,708		107,349		77,335
Basic earnings per share	$	0.45		0.48		0.39		0.93		0.68
Diluted earnings per share	$	0.45		0.48		0.39		0.93		0.68
Dividends declared per share	$	0.33		0.33		0.33		0.66		0.66
Market value per share
Closing	$	43.08		44.22		37.32		43.08		37.32
High	$	44.70		52.81		40.18		52.81		42.75
Low	$	36.76		43.18		34.35		36.76		34.35
Selected ratios and other data
Number of common stock shares outstanding		118,550,475		113,517,944		113,394,092		118,550,475		113,394,092
Average outstanding shares – basic		116,890,776		113,451,199		113,390,539		115,180,489		112,941,341
Average outstanding shares – diluted		116,918,290		113,546,365		113,405,491		115,244,550		112,981,531
Return on average assets (annualized)		0.74	%	0.80	%	0.66	%	0.77	%	0.56	%
Return on average equity (annualized)		6.13	%	6.77	%	5.77	%	6.44	%	5.01	%
Efficiency ratio		62.08	%	65.49	%	67.97	%	63.72	%	71.17	%
Loan to deposit ratio		85.91	%	83.64	%	84.03	%	85.91	%	84.03	%
Number of full time equivalent employees		3,665		3,457		3,399		3,665		3,399
Number of locations		247		227		231		247		231
Number of ATMs		300		286		286		300		286

KALISPELL, Mont., July 24, 2025 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) reported net income of $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent from the prior quarter net income of $54.6 million and an increase of $8.1 million, or 18 percent, from the $44.7 million of net income for the prior year second quarter. Diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39. The current quarter included $3.2 million in acquisition-related expenses and $16.7 million of credit loss expense from the acquisition of BOID. “We continue to be very pleased with the long-term positive momentum that we see in the results this quarter. Net interest income continues to grow, net interest margin growth was very strong and disciplined cost control was evident,” said Randy Chesler, President and Chief Executive Officer. “In addition, we had a busy quarter closing the Bank of Idaho transaction and also announcing the expansion of our southwest region with the planned acquisition of Guaranty Bank & Trust in Texas.”

On April 30, 2025, the Company completed the acquisition of BOID, which had 15 branches across eastern Idaho, Boise and eastern Washington. Upon the core system conversion, the BOID operations will join three existing Glacier Bank divisions. The Eastern Idaho operations of Bank of Idaho will join Citizens Community Bank, the Boise operations will join Mountain West Bank and the Eastern Washington operations will join Wheatland Bank. The Company’s results of operations and financial condition include the BOID acquisition beginning on the acquisition date.
The following table discloses the preliminary fair value estimates of select classifications of assets and liabilities acquired:

	BOID
(Dollars in thousands)	April 30, 2025
Total assets	$	1,369,764
Cash and cash equivalents		26,127
Debt securities		139,974
Loans receivable		1,075,232
Non-interest bearing deposits		271,385
Interest bearing deposits		806,992
Borrowings and subordinated debt		71,932
Core deposit intangible		19,758
Goodwill		75,207

On June 24, 2025, the Company announced the signing of a definitive agreement to acquire Guaranty, a leading community bank headquartered in Mount Pleasant, Texas. As of June 30, 2025, Guaranty had total assets of $3.1 billion, total gross loans of $2.1 billion and total deposits of $2.7 billion. Upon closing of the transaction, Guaranty will operate as a new banking division under the name “Guaranty Bank & Trust, Division of Glacier Bank,” representing the Company’s 18th separate bank division. The acquisition is subject to regulatory approvals, approval of Guaranty’s shareholders and other customary conditions of closing and is expected to be completed in the fourth quarter of 2025.

Asset Summary

										$ Change from
(Dollars in thousands)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Cash and cash equivalents	$	915,507		981,485		848,408		800,779		(65,978	)	67,099		114,728
Debt securities, available-for-sale		4,024,980		4,172,312		4,245,205		4,499,541		(147,332	)	(220,225	)	(474,561	)
Debt securities, held-to-maturity		3,206,133		3,261,575		3,294,847		3,400,403		(55,442	)	(88,714	)	(194,270	)
Total debt securities		7,231,113		7,433,887		7,540,052		7,899,944		(202,774	)	(308,939	)	(668,831	)
Loans receivable
Residential real estate		1,931,554		1,850,079		1,858,929		1,771,528		81,475		72,625		160,026
Commercial real estate		11,935,109		10,952,809		10,963,713		10,713,964		982,300		971,396		1,221,145
Other commercial		3,303,889		3,121,477		3,119,535		3,066,028		182,412		184,354		237,861
Home equity		975,429		920,132		930,994		905,884		55,297		44,435		69,545
Other consumer		386,759		374,021		388,678		394,587		12,738		(1,919	)	(7,828	)
Loans receivable		18,532,740		17,218,518		17,261,849		16,851,991		1,314,222		1,270,891		1,680,749
Allowance for credit losses		(226,799	)	(210,400	)	(206,041	)	(200,955	)	(16,399	)	(20,758	)	(25,844	)
Loans receivable, net		18,305,941		17,008,118		17,055,808		16,651,036		1,297,823		1,250,133		1,654,905
Other assets		2,557,546		2,435,389		2,458,719		2,453,581		122,157		98,827		103,965
Total assets	$	29,010,107		27,858,879		27,902,987		27,805,340		1,151,228		1,107,120		1,204,767

The Company continues to maintain a strong cash position of $916 million at June 30, 2025 which was a decrease of $66 million over the prior quarter and an increase of $115 million over the prior year second quarter. Total debt securities of $7.231 billion at June 30, 2025 decreased $203 million, or 3 percent, during the current quarter and decreased $669 million, or 8 percent, from the prior year second quarter. Debt securities represented 25 percent of total assets at June 30, 2025 compared to 27 percent at March 31, 2025 and 28 percent at June 30, 2024.

The loan portfolio of $18.533 billion at June 30, 2025 increased $1.314 billion, or 8 percent, during the current quarter and increased $1.681 billion, or 10 percent, from the prior year second quarter. Excluding the BOID acquisition, the loan portfolio organically increased $239 million, or 6 percent annualized, during the current quarter. Excluding the BOID acquisition, the loan category with the largest dollar increase during the current quarter was commercial real estate which increased $250 million, or 2 percent over the prior quarter. Excluding the BOID acquisition and the Rocky Mountain Bank (“RMB”) acquisition on July 19, 2024, the loan portfolio organically increased $334 million, or 2 percent, since the prior year second quarter. Excluding the acquisitions, the loan category with the largest dollar increase in the last twelve months was commercial real estate which increased $368 million, or 3 percent over the prior quarter.

Credit Quality Summary

	At or for the Six Months ended			At or for the Three Months ended		At or for the Year ended		At or for the Six Months ended
(Dollars in thousands)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Allowance for credit losses
Balance at beginning of period	$	206,041		206,041		192,757		192,757
Acquisitions		35		—		3		3
Provision for credit losses		24,163		6,154		27,179		14,157
Charge-offs		(7,236	)	(3,897	)	(18,626	)	(8,430	)
Recoveries		3,796		2,102		4,728		2,468
Balance at end of period	$	226,799		210,400		206,041		200,955
Provision for credit losses
Loan portfolio	$	24,163		6,154		27,179		14,157
Unfunded loan commitments		3,918		1,660		1,127		(2,390	)
Total provision for credit losses	$	28,081		7,814		28,306		11,767
Other real estate owned	$	1,737		1,085		1,085		432
Other foreclosed assets		142		68		79		198
Accruing loans 90 days or more past due		11,371		5,289		6,177		4,692
Non-accrual loans		35,356		32,896		20,445		12,686
Total non-performing assets	$	48,606		39,338		27,786		18,008
Non-performing assets as a percentage of subsidiary assets		0.17	%	0.14	%	0.10	%	0.06	%
Allowance for credit losses as a percentage of non-performing loans		485	%	551	%	774	%	1,116	%
Allowance for credit losses as a percentage of total loans		1.22	%	1.22	%	1.19	%	1.19	%
Net charge-offs as a percentage of total loans		0.02	%	0.01	%	0.08	%	0.04	%
Accruing loans 30-89 days past due	$	54,403		46,458		32,228		49,678
U.S. government guarantees included in non-performing assets	$	2,651		685		748		1,228

Non-performing assets as a percentage of subsidiary assets at June 30, 2025 was 0.17 percent compared to 0.14 percent in the prior quarter and 0.06 percent in the prior year second quarter. Non-performing assets of $48.6 million at June 30, 2025 increased $9.3 million, or 24 percent, over the prior quarter and increased $30.6 million, or 170 percent, over the prior year second quarter.

Early stage delinquencies (accruing loans 30-89 days past due) as a percentage of loans at June 30, 2025 were 0.28 percent compared to 0.27 percent for the prior quarter end and 0.29 percent for the prior year second quarter. Early stage delinquencies of $54.4 million at June 30, 2025 increased $7.9 million from the prior quarter and decreased $4.7 million from prior year second quarter.

The current quarter provision for credit loss expense of $20.3 million included $14.6 million of credit loss expense on loans and $2.1 million of credit loss expense on unfunded loan commitments from the acquisition of BOID. Excluding the acquisition of BOID, the current quarter credit loss expense was $3.6 million, including $3.4 million of credit loss expense on loans and $159 thousand of credit loss expense on unfunded commitments.

The allowance for credit losses (“ACL”) on loans as a percentage of total loans outstanding was 1.22 percent at June 30, 2025 and March 31, 2025 compared to 1.19 percent at June 30, 2024. Loan portfolio growth, composition, average loan size, credit quality considerations, economic forecasts, actual results, and other environmental factors will continue to determine the level of the provision for credit losses for 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
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	%
Third quarter 2024		6,981		2,766	1.19	%	0.33	%	0.10	%
Second quarter 2024		5,066		2,890	1.19	%	0.29	%	0.06	%
First quarter 2024		9,091		3,072	1.19	%	0.37	%	0.09	%
Fourth quarter 2023		4,181		3,695	1.19	%	0.31	%	0.09	%
Third quarter 2023		5,095		2,209	1.19	%	0.09	%	0.15	%

Net charge-offs for the current quarter were $1.6 million compared to $1.8 million in the prior quarter and $2.9 million for the prior year second quarter. The current quarter net charge-offs included $1.5 million in deposit overdraft net charge-offs and $111 thousand 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 exhibits 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)	Jun 30, 2025		Mar 31, 2025	Dec 31, 2024	Jun 30, 2024	Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Deposits
Non-interest bearing deposits	$	6,593,728	6,100,548	6,136,709	6,093,430	493,180		457,019		500,298
NOW and DDA accounts		5,747,388	5,676,177	5,543,512	5,219,838	71,211		203,876		527,550
Savings accounts		2,956,387	2,896,378	2,845,124	2,862,034	60,009		111,263		94,353
Money market deposit accounts		3,089,115	2,816,874	2,878,213	2,858,850	272,241		210,902		230,265
Certificate accounts		3,238,576	3,140,333	3,139,821	3,064,613	98,243		98,755		173,963
Core deposits, total		21,625,194	20,630,310	20,543,379	20,098,765	994,884		1,081,815		1,526,429
Wholesale deposits		3,308	3,740	3,615	2,994	(432	)	(307	)	314
Deposits, total		21,628,502	20,634,050	20,546,994	20,101,759	994,452		1,081,508		1,526,743
Repurchase agreements		1,976,228	1,849,070	1,777,475	1,629,504	127,158		198,753		346,724
Deposits and repurchase agreements, total		23,604,730	22,483,120	22,324,469	21,731,263	1,121,610		1,280,261		1,873,467
Federal Home Loan Bank advances		1,255,088	1,520,000	1,800,000	2,350,000	(264,912	)	(544,912	)	(1,094,912	)
Other borrowed funds		81,771	82,443	83,341	88,149	(672	)	(1,570	)	(6,378	)
Subordinated debentures		157,127	133,145	133,105	133,024	23,982		24,022		24,103
Other liabilities		374,003	352,563	338,218	365,459	21,440		35,785		8,544
Total liabilities	$	25,472,719	24,571,271	24,679,133	24,667,895	901,448		793,586		804,824

Total deposits of $21.629 billion at June 30, 2025 increased $994 million, or 5 percent, from the prior quarter and increased $1.527 billion, or 8 percent, from the prior year second quarter. Non-interest bearing deposits of $6.594 billion increased $493 million, or 8 percent, from the prior quarter and organically increased $222 million, or 4 percent, from the prior quarter. Total repurchase agreements of $1.976 billion at June 30, 2025 increased $127 million, or 7 percent, from the prior quarter and increased $347 million, or 21 percent, from the prior year second quarter. Excluding acquisitions, total deposits and repurchase agreements organically increased $43 million, or 1 percent annualized, from the prior quarter and increased $394 million, or 2 percent, from the prior year second quarter. Non-interest bearing deposits represented 30 percent of total deposits at each of June 30, 2025, December 31, 2024 and June 30, 2024.

Subordinated debentures of $157 million, increased $24.0 million, or 18 percent, during the current quarter as a result of the acquisition of BOID. Federal Home Loan Bank (“FHLB”) advances of $1.255 billion decreased $265 million, or 17 percent, from the prior quarter and decreased $1.095 billion, or 47 percent, from the prior year second quarter.

Stockholders’ Equity Summary

										$ Change from
(Dollars in thousands, except per share data)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Common equity	$	3,776,043		3,550,719		3,533,150		3,492,096		225,324		242,893		283,947
Accumulated other comprehensive loss		(238,655	)	(263,111	)	(309,296	)	(354,651	)	24,456		70,641		115,996
Total stockholders’ equity		3,537,388		3,287,608		3,223,854		3,137,445		249,780		313,534		399,943
Goodwill and intangibles, net		(1,191,474	)	(1,099,229	)	(1,102,500	)	(1,066,790	)	(92,245	)	(88,974	)	(124,684	)
Tangible stockholders’ equity	$	2,345,914		2,188,379		2,121,354		2,070,655		157,535		224,560		275,259
Stockholders’ equity to total assets		12.19	%	11.80	%	11.55	%	11.28	%
Tangible stockholders’ equity to total tangible assets		8.43	%	8.18	%	7.92	%	7.74	%
Book value per common share	$	29.84		28.96		28.43		27.67		0.88		1.41		2.17
Tangible book value per common share	$	19.79		19.28		18.71		18.26		0.51		1.08		1.53

Tangible stockholders’ equity of $2.346 billion at June 30, 2025 increased $158 million, or 7 percent, compared to the prior quarter and was primarily due to $205 million of Company stock issued in connection with the acquisition of BOID. The increase was partially offset by the increase in goodwill and core deposits associated with the BOID acquisition. Tangible book value per common share of $19.79 at the current quarter end increased $0.51 per share, or 3 percent, from the prior quarter and increased $1.53 per share, or 8 percent, from the prior year second quarter.

Cash Dividends
On June 24, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.33 per share. The dividend was payable July 17, 2025 to shareholders of record on July 8, 2025. The dividend was the Company’s 161st 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 June 30, 2025
Compared to March 31, 2025, and June 30, 2024

Income Summary

	Three Months ended							$ Change from
(Dollars in thousands)	Jun 30, 2025			Mar 31, 2025		Jun 30, 2024		Mar 31, 2025		Jun 30, 2024
Net interest income
Interest income	$	308,115		289,925		273,834		18,190		34,281
Interest expense		100,499		99,946		107,356		553		(6,857	)
Total net interest income		207,616		189,979		166,478		17,637		41,138
Non-interest income
Service charges and other fees		20,405		18,818		19,422		1,587		983
Miscellaneous loan fees and charges		5,067		4,664		4,821		403		246
Gain on sale of loans		4,273		4,311		4,669		(38	)	(396	)
Loss on sale of securities		—		—		(12	)	—		12
Other income		3,199		4,849		3,304		(1,650	)	(105	)
Total non-interest income		32,944		32,642		32,204		302		740
Total income	$	240,560		222,621		198,682		17,939		41,878
Net interest margin (tax-equivalent)		3.21	%	3.04	%	2.68	%

Net Interest Income
Net interest income of $208 million for the current quarter increased $17.6 million, or 9 percent, from the prior quarter net interest income of $190 million and increased $41.1 million, or 25 percent, from the prior year second quarter net interest income of $166 million. The current quarter interest income of $308 million increased $18.2 million, or 6 percent, over the prior quarter and increased $34.3 million, or 13 percent, over the prior year second quarter, both increases primarily due to the increase in the loan yields and the increase in average balances of the loan portfolio. The loan yield of 5.86 percent in the current quarter increased 9 basis points from the prior quarter loan yield of 5.77 percent and increased 28 basis points from the prior year second quarter loan yield of 5.58 percent.

The current quarter interest expense of $100 million increased $553 thousand or 55 basis points, over the prior quarter and was primarily attributable to an increase in average deposit balances. The current quarter interest expense decreased $6.9 million, or 6 percent, over the prior year second quarter and was primarily the result of lower average wholesale borrowings and a decrease in deposit costs. Core deposit cost (including non-interest bearing deposits) was 1.25 percent for both the current and prior quarters compared to 1.36 percent in the prior year second quarter. The total cost of funding (including non-interest bearing deposits) of 1.63 percent in the current quarter decreased 5 basis points from the prior quarter and decreased 17 basis points from the prior year second quarter.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 3.21 percent, an increase of 17 basis points from the prior quarter net interest margin of 3.04 percent and was primarily driven by an increase in loan yields and a decrease in total cost of funding. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was an increase of 53 basis points from the prior year second quarter net interest margin of 2.68 percent and was also primarily driven by the increase in loan yields and the decrease in total cost of funding. Core net interest margin excludes the impact from discount accretion and non-accrual interest. Excluding the 3 basis points from discount accretion, the core net interest margin was 3.18 percent in the current quarter compared to 2.99 percent in the prior quarter and 2.63 in the prior year second quarter. “Growth in the loan portfolio at higher yields, along with stable deposit costs and the reduction in higher cost FHLB borrowings contributed to the 17 basis points increase in the current quarter net interest margin,” said Ron Copher, Chief Financial Officer.

Non-interest Income
Non-interest income for the current quarter totaled $32.9 million, which was an increase of $302 thousand, or 1 percent, over the prior quarter and an increase of $740 thousand, or 2 percent, over the prior year second quarter. Service charges and other fees of $20.4 million for the current quarter increased $1.6 million, or 8 percent, compared to the prior quarter and increased $983 thousand, or 5 percent, compared to the prior year second quarter. Gain on the sale of residential loans of $4.3 million for the current quarter decreased $38 thousand, or 88 basis points, compared to the prior quarter and decreased $396 thousand, or 8 percent, from the prior year second quarter. Other income of $3.2 million decreased $1.7 million, or 34 percent, over the prior quarter primarily due to other income of $1.1 million related to bank owned life insurance proceeds in the prior quarter.

Non-interest Expense Summary

	Three Months ended				$ Change from
(Dollars in thousands)	Jun 30, 2025		Mar 31, 2025	Jun 30, 2024	Mar 31, 2025		Jun 30, 2024
Compensation and employee benefits	$	94,355	91,443	84,434	2,912		9,921
Occupancy and equipment		12,558	12,294	11,594	264		964
Advertising and promotions		4,394	4,144	4,362	250		32
Data processing		9,883	9,138	9,387	745		496
Other real estate owned and foreclosed assets		26	63	149	(37	)	(123	)
Regulatory assessments and insurance		5,847	5,534	5,393	313		454
Intangibles amortization		3,624	3,270	3,017	354		607
Other expenses		24,432	25,432	22,616	(1,000	)	1,816
Total non-interest expense	$	155,119	151,318	140,952	3,801		14,167

Total non-interest expense of $155 million for the current quarter increased $3.8 million, or 3 percent, over the prior quarter and increased $14.2 million, or 10 percent, over the prior year second quarter. Compensation and employee benefits of $94.4 million increased by $2.9 million, or 3 percent, over the prior quarter and was primarily attributable to increased costs from the acquisition. Compensation and employee benefits increased $9.9 million, or 12 percent, from the prior year second quarter and was primarily driven by annual salary increases and increases in staffing levels from current and prior year acquisitions.

Other expenses of $24.4 million decreased $1.0 million, or 4 percent, from the prior quarter and increased $1.8 million, or 8 percent, from the prior year second quarter. Acquisition-related expense was $3.2 million in the current quarter compared to $587 thousand in the prior quarter and $1.8 million in the prior year second quarter. The current quarter other expenses included $1.6 million of gain from the sale of a former branch facility compared to a $1.2 million gain in the prior quarter and a $2.0 million gain in the prior year second quarter.

Federal and State Income Tax Expense
Tax expense during the second quarter of 2025 was $12.4 million, an increase of $3.5 million, or 39 percent, compared to the prior quarter and an increase of $2.9 million, or 30 percent, from the prior year second quarter. The effective tax rate in the current quarter was 19.0 percent compared to 14.0 percent in the prior quarter and 17.5 percent in the prior year second quarter. The higher tax expense and higher effective tax rate in the current quarter compared to the prior quarter was the result of a combination of lower federal income tax credits and an increase in income before income tax expense in the current quarter.

Efficiency Ratio
The efficiency ratio was 62.08 percent in the current quarter compared to 65.49 percent in the prior quarter and 67.97 percent in the prior year second quarter. The decrease from the prior quarter and the prior year second quarter was principally driven by the increase in net interest income which outpaced the increase in non-interest expense.

Operating Results for Six Months Ended June 30, 2025
Compared to June 30, 2024

Income Summary

	Six Months ended
(Dollars in thousands)	Jun 30, 2025			Jun 30, 2024			$ Change			% Change
Net interest income
Interest income	$	598,040		$	553,236		$	44,804		8	%
Interest expense		200,445			220,278			(19,833	)	(9)	%
Total net interest income		397,595			332,958			64,637		19	%
Non-interest income
Service charges and other fees		39,223			37,985			1,238		3	%
Miscellaneous loan fees and charges		9,731			9,183			548		6	%
Gain on sale of loans		8,584			8,031			553		7	%
Gain on sale of securities		—			4			(4	)	(100)	%
Other income		8,048			6,990			1,058		15	%
Total non-interest income		65,586			62,193			3,393		5	%
Total Income	$	463,181		$	395,151		$	68,030		17	%
Net interest margin (tax-equivalent)		3.12	%		2.64	%

Net Interest Income
Net-interest income of $398 million for the first half of 2025 increased $64.6 million, or 19 percent, from the prior year and was primarily driven by increased interest income and decreased interest expense. Interest income of $598 million for the first half of 2025 increased $44.8 million, or 8 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 5.82 percent during the first half of 2025, an increase of 30 basis points from the prior year first half loan yield of 5.52 percent.

Interest expense of $200 million for the first half of 2025 decreased $19.8 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 1.25 percent for the first half of 2025, which was a decrease of 10 basis points over the first half of the prior year core deposit costs of 1.35 percent. The total funding cost (including non-interest bearing deposits) for the first half of 2025 was 1.65 percent, which was a decrease of 17 basis points over the first half of the prior year funding cost of 1.82 percent.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, during the first half of 2025 was 3.12 percent, a 48 basis points increase from the net interest margin of 2.64 percent for the first half of the prior year. Excluding the 4 basis points from discount accretion, the core net interest margin was 3.08 percent in the first half of the current year compared to 2.60 percent in the prior year first half. The increase in net interest margin from the prior year was primarily driven by increased loan yields and decreased 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 $65.6 million for the first half of 2025 increased $3.4 million, or 5 percent, over the same period last year. Service charges and other fees of $39.2 million for the first half of 2025 increased $1.2 million, or 3 percent, over the first half of the prior year. Gain on sale of residential loans of $8.6 million for the first half of 2025 increased by $553 thousand, or 7 percent, over the first half of the prior year. Other income of $8.0 million for the first half of 2025 increased $1.1 million over the prior year first half and was primarily due to other income of $1.1 million related to bank owned life insurance proceeds in the current year.

Non-interest Expense Summary

	Six Months ended
(Dollars in thousands)	Jun 30, 2025		Jun 30, 2024		$ Change			% Change
Compensation and employee benefits	$	185,798	$	170,223	$	15,575		9	%
Occupancy and equipment		24,852		23,477		1,375		6	%
Advertising and promotions		8,538		8,345		193		2	%
Data processing		19,021		18,546		475		3	%
Other real estate owned and foreclosed assets		89		174		(85	)	(49)	%
Regulatory assessments and insurance		11,381		13,154		(1,773	)	(13)	%
Core deposit intangibles amortization		6,894		5,777		1,117		19	%
Other expenses		49,864		53,099		(3,235	)	(6)	%
Total non-interest expense	$	306,437	$	292,795	$	13,642		5	%

Total non-interest expense of $306 million for the first half of 2025 increased $13.6 million, or 5 percent, over the same period in the prior year. Compensation and employee benefits expense of $186 million in the first half of 2025 increased $15.6 million, or 9 percent, over the same period in the prior year and was primarily driven by annual salary increases and staffing increases from acquisitions. Regulatory assessment and insurance expense of $11.4 million for the first half of 2025 decreased $1.8 million, or 13 percent, from the prior year first half primarily as a result of adjustments to the FDIC special assessment. Other expenses of $49.9 million for the first half of 2025 decreased $3.2 million, or 6 percent, from the first half of the prior year and was primarily driven by a decrease of $3.7 million of acquisition-related expenses.

Provision for Credit Losses
The provision for credit loss expense was $28.1 million for the first half of 2025, an increase of $16.3 million, or 139 percent, over the same period in the prior year. Included in the current year provision for credit losses was $16.7 million from the acquisition of BOID and included in the prior year was $5.3 million from the acquisition of Wheatland Bank. Net charge-offs for the first half of 2025 were $3.4 million compared to $6.0 million in the first half of 2024.

Federal and State Income Tax Expense
Tax expense of $21.3 million for the first half of 2025 increased $8.1 million, or 61 percent, over the same period in the prior year. The effective tax rate for the first half of 2025 was 16.6 percent compared to 14.6 percent for the same period in the prior year. The increase in tax expense and the increase in the effective tax rate was the primarily the result of an increase in the pre-tax income.

Efficiency Ratio
The efficiency ratio was 63.72 percent for the first half of 2025 compared to 71.17 percent for the same period of 2024. 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 increased FDIC insurance rates and assessments, changes in the review and regulation of bank mergers, or increased 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 Ukraine and the Middle East;
risks associated with the Company’s ability to negotiate, complete, and successfully integrate pending or future acquisitions;
costs or difficulties related to the completion and integration of pending or recently completed 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 or further consolidation in the financial services industry, resulting in 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 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, July 25, 2025. 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/BI39099c48cd94493cadee5c8f4fe748e5. To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/zusost57.

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 eight state Western U.S. 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), 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).

CONTACT: Randall M. Chesler, CEO

(406) 751-4722

Ron J. Copher, CFO

(406) 751-7706

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Financial Condition

(Dollars in thousands, except per share data)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Assets
Cash on hand and in banks	$	375,398		322,253		268,746		271,107
Interest bearing cash deposits		540,109		659,232		579,662		529,672
Cash and cash equivalents		915,507		981,485		848,408		800,779
Debt securities, available-for-sale		4,024,980		4,172,312		4,245,205		4,499,541
Debt securities, held-to-maturity		3,206,133		3,261,575		3,294,847		3,400,403
Total debt securities		7,231,113		7,433,887		7,540,052		7,899,944
Loans held for sale, at fair value		47,738		40,523		33,060		39,745
Loans receivable		18,532,740		17,218,518		17,261,849		16,851,991
Allowance for credit losses		(226,799	)	(210,400	)	(206,041	)	(200,955	)
Loans receivable, net		18,305,941		17,008,118		17,055,808		16,651,036
Premises and equipment, net		426,801		411,095		411,968		391,266
Right-of-use assets, net		56,525		54,441		56,252		60,249
Other real estate owned and foreclosed assets		1,879		1,153		1,164		630
Accrued interest receivable		108,286		103,992		99,262		102,279
Deferred tax asset		114,528		122,942		138,955		155,834
Intangibles, net		64,949		47,911		51,182		43,028
Goodwill		1,126,525		1,051,318		1,051,318		1,023,762
Non-marketable equity securities		76,990		88,134		99,669		121,810
Bank-owned life insurance		191,623		191,044		189,849		187,793
Other assets		341,702		322,836		326,040		327,185
Total assets	$	29,010,107		27,858,879		27,902,987		27,805,340
Liabilities
Non-interest bearing deposits	$	6,593,728		6,100,548		6,136,709		6,093,430
Interest bearing deposits		15,034,774		14,533,502		14,410,285		14,008,329
Securities sold under agreements to repurchase		1,976,228		1,849,070		1,777,475		1,629,504
FHLB advances		1,255,088		1,520,000		1,800,000		2,350,000
Other borrowed funds		62,366		62,216		62,062		64,702
Finance lease liabilities		19,405		20,227		21,279		23,447
Subordinated debentures		157,127		133,145		133,105		133,024
Accrued interest payable		27,973		30,231		33,626		31,000
Operating lease liabilities		42,274		39,244		39,902		41,421
Other liabilities		303,756		283,088		264,690		293,038
Total liabilities		25,472,719		24,571,271		24,679,133		24,667,895
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		1,186		1,135		1,134		1,134
Paid-in capital		2,661,018		2,449,311		2,448,758		2,445,479
Retained earnings – substantially restricted		1,113,839		1,100,273		1,083,258		1,045,483
Accumulated other comprehensive loss		(238,655	)	(263,111	)	(309,296	)	(354,651	)
Total stockholders’ equity		3,537,388		3,287,608		3,223,854		3,137,445
Total liabilities and stockholders’ equity	$	29,010,107		27,858,879		27,902,987		27,805,340

Glacier Bancorp, Inc. Unaudited Condensed Consolidated Statements of Operations

	Three Months ended					Six Months ended
(Dollars in thousands)	Jun 30, 2025		Mar 31, 2025	Jun 30, 2024		Jun 30, 2025	Jun 30, 2024
Interest Income
Investment securities	$	44,148	45,646	42,165		89,794	98,383
Residential real estate loans		25,361	24,275	21,754		49,636	42,518
Commercial loans		214,816	197,388	188,326		412,204	369,798
Consumer and other loans		23,790	22,616	21,589		46,406	42,537
Total interest income		308,115	289,925	273,834		598,040	553,236
Interest Expense
Deposits		65,569	62,865	67,852		128,434	135,048
Securities sold under agreements to repurchase		14,109	13,733	13,566		27,842	26,164
Federal Home Loan Bank advances		17,806	20,719	24,179		38,525	28,428
FRB Bank Term Funding		—	—	—		—	27,097
Other borrowed funds		400	402	353		802	697
Subordinated debentures		2,615	2,227	1,406		4,842	2,844
Total interest expense		100,499	99,946	107,356		200,445	220,278
Net Interest Income		207,616	189,979	166,478		397,595	332,958
Provision for credit losses		20,267	7,814	3,518		28,081	11,767
Net interest income after provision for credit losses		187,349	182,165	162,960		369,514	321,191
Non-Interest Income
Service charges and other fees		20,405	18,818	19,422		39,223	37,985
Miscellaneous loan fees and charges		5,067	4,664	4,821		9,731	9,183
Gain on sale of loans		4,273	4,311	4,669		8,584	8,031
(Loss) gain on sale of securities		—	—	(12	)	—	4
Other income		3,199	4,849	3,304		8,048	6,990
Total non-interest income		32,944	32,642	32,204		65,586	62,193
Non-Interest Expense
Compensation and employee benefits		94,355	91,443	84,434		185,798	170,223
Occupancy and equipment		12,558	12,294	11,594		24,852	23,477
Advertising and promotions		4,394	4,144	4,362		8,538	8,345
Data processing		9,883	9,138	9,387		19,021	18,546
Other real estate owned and foreclosed assets		26	63	149		89	174
Regulatory assessments and insurance		5,847	5,534	5,393		11,381	13,154
Intangibles amortization		3,624	3,270	3,017		6,894	5,777
Other expenses		24,432	25,432	22,616		49,864	53,099
Total non-interest expense		155,119	151,318	140,952		306,437	292,795
Income Before Income Taxes		65,174	63,489	54,212		128,663	90,589
Federal and state income tax expense		12,393	8,921	9,504		21,314	13,254
Net Income	$	52,781	54,568	44,708		107,349	77,335

Glacier Bancorp, Inc. Average Balance Sheets

	Three Months ended
	June 30, 2025						March 31, 2025
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	1,940,514	$	25,361	5.23	%	$	1,885,497	$	24,275	5.15	%
Commercial loans ¹		14,884,885		216,385	5.83	%		14,091,210		198,921	5.73	%
Consumer and other loans		1,336,030		23,790	7.14	%		1,302,687		22,616	7.04	%
Total loans ²		18,161,429		265,536	5.86	%		17,279,394		245,812	5.77	%
Tax-exempt debt securities ³		1,594,895		13,999	3.51	%		1,604,851		13,936	3.47	%
Taxable debt securities ^{4, 5}		6,645,312		32,045	1.93	%		6,946,562		33,598	1.93	%
Total earning assets		26,401,636		311,580	4.73	%		25,830,807		293,346	4.61	%
Goodwill and intangibles		1,153,466						1,100,801
Non-earning assets		918,007						847,855
Total assets	$	28,473,109					$	27,779,463
Liabilities
Non-interest bearing deposits	$	6,256,245	$	—	—	%	$	5,989,490	$	—	—	%
NOW and DDA accounts		5,674,990		16,045	1.13	%		5,525,976		15,065	1.11	%
Savings accounts		2,904,389		5,402	0.75	%		2,861,675		5,159	0.73	%
Money market deposit accounts		3,000,487		15,389	2.06	%		2,849,470		13,526	1.93	%
Certificate accounts		3,211,418		28,667	3.58	%		3,152,198		29,075	3.74	%
Total core deposits		21,047,529		65,503	1.25	%		20,378,809		62,825	1.25	%
Wholesale deposits ⁶		5,618		66	4.67	%		3,600		40	4.53	%
Repurchase agreements		1,898,841		14,109	2.98	%		1,842,773		13,733	3.02	%
FHLB advances		1,494,781		17,806	4.71	%		1,744,000		20,719	4.75	%
Subordinated debentures and other borrowed funds		231,902		3,015	5.21	%		216,073		2,629	4.94	%
Total funding liabilities		24,678,671		100,499	1.63	%		24,185,255		99,946	1.68	%
Other liabilities		338,289						326,764
Total liabilities		25,016,960						24,512,019
Stockholders’ Equity
Stockholders’ equity		3,456,149						3,267,444
Total liabilities and stockholders’ equity	$	28,473,109					$	27,779,463
Net interest income (tax-equivalent)			$	211,081					$	193,400
Net interest spread (tax-equivalent)					3.10	%					2.93	%
Net interest margin (tax-equivalent)					3.21	%					3.04	%

______________________________

¹	Includes tax effect of $1.6 million and $1.5 million on tax-exempt municipal loan and lease income for the three months ended June 30, 2025 and March 31, 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 $1.7 million and $1.7 million on tax-exempt debt securities income for the three months ended June 30, 2025 and March 31, 2025, respectively.
⁴	Includes interest income of $4.8 million and $6.1 million on average interest-bearing cash balances of $433.7 million and $559.5 million for the three months ended June 30, 2025 and March 31, 2025, respectively.
⁵	Includes tax effect of $151 thousand and $150 thousand on federal income tax credits for the three months ended June 30, 2025 and March 31, 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)

	Three Months ended
	June 30, 2025						June 30, 2024
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	1,940,514	$	25,361	5.23	%	$	1,796,787	$	21,754	4.84	%
Commercial loans ¹		14,884,885		216,385	5.83	%		13,740,455		189,939	5.56	%
Consumer and other loans		1,336,030		23,790	7.14	%		1,290,587		21,589	6.73	%
Total loans ²		18,161,429		265,536	5.86	%		16,827,829		233,282	5.58	%
Tax-exempt debt securities ³		1,594,895		13,999	3.51	%		1,707,269		15,111	3.54	%
Taxable debt securities ^{4, 5}		6,645,312		32,045	1.93	%		7,042,885		29,461	1.67	%
Total earning assets		26,401,636		311,580	4.73	%		25,577,983		277,854	4.37	%
Goodwill and intangibles		1,153,466						1,068,250
Non-earning assets		918,007						754,491
Total assets	$	28,473,109					$	27,400,724
Liabilities
Non-interest bearing deposits	$	6,256,245	$	—	—	%	$	6,026,709	$	—	—	%
NOW and DDA accounts		5,674,990		16,045	1.13	%		5,221,883		15,728	1.21	%
Savings accounts		2,904,389		5,402	0.75	%		2,914,538		6,014	0.83	%
Money market deposit accounts		3,000,487		15,389	2.06	%		2,904,438		14,467	2.00	%
Certificate accounts		3,211,418		28,667	3.58	%		3,037,638		31,593	4.18	%
Total core deposits		21,047,529		65,503	1.25	%		20,105,206		67,802	1.36	%
Wholesale deposits ⁶		5,618		66	4.67	%		3,726		50	5.50	%
Repurchase agreements		1,898,841		14,109	2.98	%		1,597,887		13,566	3.41	%
FHLB advances		1,494,781		17,806	4.71	%		2,007,747		24,179	4.76	%
Subordinated debentures and other borrowed funds		231,902		3,015	5.21	%		224,778		1,759	3.15	%
Total funding liabilities		24,678,671		100,499	1.63	%		23,939,344		107,356	1.80	%
Other liabilities		338,289						344,105
Total liabilities		25,016,960						24,283,449
Stockholders’ Equity
Stockholders’ equity		3,456,149						3,117,275
Total liabilities and stockholders’ equity	$	28,473,109					$	27,400,724
Net interest income (tax-equivalent)			$	211,081					$	170,498
Net interest spread (tax-equivalent)					3.10	%					2.57	%
Net interest margin (tax-equivalent)					3.21	%					2.68	%

______________________________

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 June 30, 2025 and 2024, 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 $1.7 million and $2.2 million on tax-exempt debt securities income for the three months ended June 30, 2025 and 2024, respectively.
⁴	Includes interest income of $4.8 million and $1.9 million on average interest-bearing cash balances of $433.7 million and $143.0 million for the three months ended June 30, 2025 and 2024, respectively.
⁵	Includes tax effect of $151 thousand and $211 thousand on federal income tax credits for the three months ended June 30, 2025 and 2024, 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)

	Six Months ended
	June 30, 2025						June 30, 2024
(Dollars in thousands)	Average Balance		Interest & Dividends		Average Yield/ Rate		Average Balance		Interest & Dividends		Average Yield/ Rate
Assets
Residential real estate loans	$	1,913,157	$	49,636	5.19	%	$	1,771,985	$	42,518	4.80	%
Commercial loans ¹		14,490,240		415,306	5.78	%		13,626,941		372,984	5.50	%
Consumer and other loans		1,319,451		46,406	7.09	%		1,286,988		42,537	6.65	%
Total loans ²		17,722,848		511,348	5.82	%		16,685,914		458,039	5.52	%
Tax-exempt debt securities ³		1,599,845		27,935	3.49	%		1,713,819		30,268	3.53	%
Taxable debt securities ^{4, 5}		6,795,105		65,643	1.93	%		7,609,930		72,938	1.92	%
Total earning assets		26,117,798		604,926	4.67	%		26,009,663		561,245	4.34	%
Goodwill and intangibles		1,127,279						1,060,102
Non-earning assets		883,125						683,020
Total assets	$	28,128,202					$	27,752,785
Liabilities
Non-interest bearing deposits	$	6,123,604	$	—	—	%	$	5,996,627	$	—	—	%
NOW and DDA accounts		5,600,895		31,110	1.12	%		5,248,793		31,646	1.21	%
Savings accounts		2,883,150		10,561	0.74	%		2,907,594		11,669	0.81	%
Money market deposit accounts		2,925,396		28,915	1.99	%		2,926,366		28,860	1.98	%
Certificate accounts		3,181,971		57,742	3.66	%		3,019,176		62,768	4.18	%
Total core deposits		20,715,016		128,328	1.25	%		20,098,556		134,943	1.35	%
Wholesale deposits ⁶		4,615		106	4.62	%		3,846		105	5.50	%
Repurchase agreements		1,870,962		27,842	3.00	%		1,555,642		26,164	3.38	%
FHLB advances		1,618,702		38,525	4.73	%		1,179,251		28,428	4.77	%
FRB Bank Term Funding		—		—	—	%		1,241,538		27,097	4.39	%
Subordinated debentures and other borrowed funds		224,031		5,644	5.08	%		221,525		3,541	3.21	%
Total funding liabilities		24,433,326		200,445	1.65	%		24,300,358		220,278	1.82	%
Other liabilities		332,558						350,329
Total liabilities		24,765,884						24,650,687
Stockholders’ Equity
Stockholders’ equity		3,362,318						3,102,098
Total liabilities and stockholders’ equity	$	28,128,202					$	27,752,785
Net interest income (tax-equivalent)			$	404,481					$	340,967
Net interest spread (tax-equivalent)					3.02	%					2.52	%
Net interest margin (tax-equivalent)					3.12	%					2.64	%

______________________________

¹	Includes tax effect of $3.1 million and $3.2 million on tax-exempt municipal loan and lease income for the Six Months ended June 30, 2025 and 2024, 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 $3.5 million and $4.4 million on tax-exempt debt securities income for the Six Months ended June 30, 2025 and 2024, respectively.
⁴	Includes interest income of $11.0 million and $17.2 million on average interest-bearing cash balances of $496.2 million and $631.7 million for the Six Months ended June 30, 2025 and 2024, respectively.
⁵	Includes tax effect of $301 thousand and $426 thousand on federal income tax credits for the Six Months ended June 30, 2025 and 2024, 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)	Jun 30, 2025			Mar 31, 2025			Dec 31, 2024			Mar 31, 2025		Dec 31, 2024
Custom and owner occupied construction	$	254,790		$	233,584		$	242,844		9	%	5	%
Pre-sold and spec construction		208,106			200,921			191,926		4	%	8	%
Total residential construction		462,896			434,505			434,770		7	%	6	%
Land development		176,925			177,448			197,369		—	%	(10)	%
Consumer land or lots		229,823			197,553			187,024		16	%	23	%
Unimproved land		127,550			115,528			113,532		10	%	12	%
Developed lots for operative builders		73,053			64,782			61,661		13	%	18	%
Commercial lots		175,929			95,574			99,243		84	%	77	%
Other construction		753,056			714,151			693,461		5	%	9	%
Total land, lot, and other construction		1,536,336			1,365,036			1,352,290		13	%	14	%
Owner occupied		3,529,536			3,182,589			3,197,138		11	%	10	%
Non-owner occupied		4,283,986			4,054,107			4,053,996		6	%	6	%
Total commercial real estate		7,813,522			7,236,696			7,251,134		8	%	8	%
Commercial and industrial		1,545,498			1,392,365			1,395,997		11	%	11	%
Agriculture		1,167,611			1,016,081			1,024,520		15	%	14	%
First lien		2,590,433			2,499,494			2,481,918		4	%	4	%
Junior lien		80,170			85,343			76,303		(6)	%	5	%
Total 1-4 family		2,670,603			2,584,837			2,558,221		3	%	4	%
Multifamily residential		975,785			874,071			895,242		12	%	9	%
Home equity lines of credit		1,048,595			989,043			1,005,783		6	%	4	%
Other consumer		197,744			188,388			209,457		5	%	(6)	%
Total consumer		1,246,339			1,177,431			1,215,240		6	%	3	%
States and political subdivisions		973,145			1,001,058			983,601		(3)	%	(1)	%
Other		188,743			176,961			183,894		7	%	3	%
Total loans receivable, including loans held for sale		18,580,478			17,259,041			17,294,909		8	%	7	%
Less loans held for sale ¹		(47,738	)		(40,523	)		(33,060	)	18	%	44	%
Total loans receivable	$	18,532,740		$	17,218,518		$	17,261,849		8	%	7	%

______________________________

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)	Jun 30, 2025		Mar 31, 2025	Dec 31, 2024	Jun 30, 2024	Jun 30, 2025	Jun 30, 2025	Jun 30, 2025
Custom and owner occupied construction	$	235	194	198	206	189	46	—
Pre-sold and spec construction		2,806	2,896	2,132	2,908	2,043	763	—
Total residential construction		3,041	3,090	2,330	3,114	2,232	809	—
Land development		885	935	966	—	875	10	—
Consumer land or lots		460	173	78	429	164	296	—
Developed lots for operative builders		531	531	531	608	—	531	—
Commercial lots		47	47	47	47	—	47	—
Other construction		—	—	—	25	—	—	—
Total land, lot and other construction		1,923	1,686	1,622	1,109	1,039	884	—
Owner occupied		4,412	3,601	2,979	1,992	4,407	5	—
Non-owner occupied		1,206	2,235	2,235	257	—	—	1,206
Total commercial real estate		5,618	5,836	5,214	2,249	4,407	5	1,206
Commercial and Industrial		14,764	12,367	2,069	2,044	13,452	1,243	69
Agriculture		6,603	2,382	2,335	2,442	2,141	4,462	—
First lien		10,549	8,752	9,053	2,923	7,856	2,162	531
Junior lien		533	296	315	492	293	240	—
Total 1-4 family		11,082	9,048	9,368	3,415	8,149	2,402	531
Multifamily residential		398	400	389	385	398	—	—
Home equity lines of credit		4,016	3,479	3,465	2,145	2,834	1,182	—
Other consumer		921	1,003	955	1,089	704	144	73
Total consumer		4,937	4,482	4,420	3,234	3,538	1,326	73
Other		240	47	39	16	—	240	—
Total	$	48,606	39,338	27,786	18,008	35,356	11,371	1,879

Glacier Bancorp, Inc. Credit Quality Summary by Regulatory Classification (continued)

	Accruing 30-89 Days Delinquent Loans, by Loan Type								% Change from
(Dollars in thousands)	Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Mar 31, 2025		Dec 31, 2024		Jun 30, 2024
Custom and owner occupied construction	$	385	$	786	$	969	$	1,323	(51)	%	(60)	%	(71)	%
Pre-sold and spec construction		—		—		564		816	n/m		(100)	%	(100)	%
Total residential construction		385		786		1,533		2,139	(51)	%	(75)	%	(82)	%
Land development		170		—		1,450		—	n/m		(88)	%	n/m
Consumer land or lots		1,210		1,026		402		411	18	%	201	%	194	%
Unimproved land		75		32		36		158	134	%	108	%	(53)	%
Developed lots for operative builders		—		—		214		—	n/m		(100)	%	n/m
Commercial lots		—		189		—		21	(100)	%	n/m		(100)	%
Other construction		7,840		—		—		—	n/m		n/m		n/m
Total land, lot and other construction		9,295		1,247		2,102		590	645	%	342	%	1,475	%
Owner occupied		3,903		3,786		2,867		4,326	3	%	36	%	(10)	%
Non-owner occupied		13,806		346		5,037		8,119	3,890	%	174	%	70	%
Total commercial real estate		17,709		4,132		7,904		12,445	329	%	124	%	42	%
Commercial and industrial		6,711		5,358		6,194		17,591	25	%	8	%	(62)	%
Agriculture		8,243		5,731		744		5,288	44	%	1,008	%	56	%
First lien		3,583		14,826		6,326		2,637	(76)	%	(43)	%	36	%
Junior lien		—		1,023		214		17	(100)	%	(100)	%	(100)	%
Total 1-4 family		3,583		15,849		6,540		2,654	(77)	%	(45)	%	35	%
Home equity lines of credit		5,482		6,993		3,731		5,432	(22)	%	47	%	1	%
Other consumer		1,615		1,824		1,775		2,192	(11)	%	(9)	%	(26)	%
Total consumer		7,097		8,817		5,506		7,624	(20)	%	29	%	(7)	%
States and political subdivisions		—		3,220		—		—	(100)	%	n/m		n/m
Other		1,380		1,318		1,705		1,347	5	%	(19)	%	2	%
Total	$	54,403	$	46,458	$	32,228	$	49,678	17	%	69	%	10	%

______________________________

^{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)	Jun 30, 2025			Mar 31, 2025		Dec 31, 2024		Jun 30, 2024		Jun 30, 2025	Jun 30, 2025
Pre-sold and spec construction	$	50		—		(4	)	(4	)	51	1
Land development		(341	)	(341	)	1,095		(1	)	—	341
Consumer land or lots		(3	)	(3	)	(22	)	(22	)	—	3
Unimproved land		—		—		1,338		5		—	—
Commercial lots		—		—		319		319		—	—
Total land, lot and other construction		(344	)	(344	)	2,730		301		—	344
Owner occupied		(1	)	(1	)	(73	)	(73	)	—	1
Non-owner occupied		(8	)	(6	)	2		(2	)	—	8
Total commercial real estate		(9	)	(7	)	(71	)	(75	)	—	9
Commercial and industrial		26		92		1,422		644		827	801
Agriculture		(109	)	(1	)	64		68		—	109
First lien		(79	)	(69	)	32		(22	)	1	80
Junior lien		(137	)	(5	)	(65	)	(55	)	—	137
Total 1-4 family		(216	)	(74	)	(33	)	(77	)	1	217
Home equity lines of credit		(20	)	(20	)	69		1		10	30
Other consumer		656		276		1,078		493		789	133
Total consumer		636		256		1,147		494		799	163
Other		3,406		1,873		8,643		4,611		5,558	2,152
Total	$	3,440		1,795		13,898		5,962		7,236	3,796

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