BANNER CORP (BANR) Form 8-K — Oct 21, 2026
Banner Corporation reported Q3 2026 net income of $47.7 million, or $1.36 per diluted share, down from $1.54 a year ago, with revenue of $177.3 million up 4% year-over-year. The quarter was shaped by the September 1, 2026 completion of the $186.8 million all-stock acquisition of Pacific Financial Corporation, which added $1.29 billion in assets and $1.14 billion in deposits, lifting total assets 9% to $18.08 billion. Net interest margin expanded to 4.14% and net loans grew 11% year-over-year to $12.82 billion, but results absorbed $5.2 million in merger costs, and non-performing assets rose to $63.0 million (0.35% of assets) from $45.3 million a year ago.
Key figures
- Eps
- 1.36
- Revenue
- 177300000
- Net Income
- 47700000
- Revenue Yoy
- 4%
- Total Assets
- 18080000000
- Deal Value Usd
- $186.8 million
- Shares Outstanding
- 36442062
- Net loans
- $12.82 billion
- Total deposits
- $15.39 billion
- Efficiency ratio
- 65.25%
- Buyback avg price
- 71.03
- Dividend per share
- 0.52
- Shares repurchased
- 200000
- Net interest margin
- 4.14%
- Adjusted eps non gaap
- 1.51
- Net interest income q3
- 161900000
- Merger related expenses
- 5200000
- Nonperforming assets pct
- 0.35%
- Provision for credit losses
- 2800000
- Pacific financial assets added
- $1.29 billion
- Pacific financial deposits added
- $1.14 billion
AI analysis
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