Banner Corporation Reports Net Income of $47.7 Million, or $1.36 Per Diluted Share, for Third Quarter 2026; Declares Quarterly Cash Dividend of $0.52 Per Share; Results Strengthened by Completion of Pacific Financial Corporation Acquisition
Banner Corporation reported Q3 2026 net income of $47.7 million, or $1.36 per diluted share, down from $53.5 million ($1.54) a year ago, with adjusted diluted EPS of $1.51 up from $1.52 in the prior quarter and $1.52 a year earlier. Results were strengthened by the September 1 all-stock acquisition of Pacific Financial Corporation for total consideration of $186.8 million, which added $1.29 billion of assets and $1.14 billion of deposits, and drove net interest income up to $161.9 million from $150.0 million a year ago with NIM expanding to 4.14%.
Key figures
- Eps
- 1.36
- Revenue
- $177.3 million
- Guidance
- No forward guidance provided; conference call scheduled October 22, 2026
- Revenue Yoy
- 4%
- Deal Value Usd
- 186800000
- Net loans
- $12.82 billion
- Npa ratio
- 0.35%
- Cet1 ratio
- 12.57%
- Net income
- 47709000
- Total assets
- $18.08 billion
- Total deposits
- $15.39 billion
- Acquired assets
- $1.29 billion
- Efficiency ratio
- 65.25%
- Acquired deposits
- $1.14 billion
- Goodwill recorded
- $61.2 million
- Allowance to loans
- 1.32%
- Core deposit ratio
- 90%
- Dividend per share
- $0.52
- Shares repurchased
- 200,000 shares at average $71.03 per share
- Net interest income
- 161900000
- Net interest margin
- 4.14%
- Diluted adjusted eps
- 1.51
- Net income prior qtr
- 48886000
- Merger related expenses
- 5200000
- Net income year ago qtr
- 53502000
- Return on average assets
- 1.11%
- Adjusted efficiency ratio
- 59.53%
- Provision for credit losses
- 2800000
AI analysis
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