Banner Corp reports Q3 2026 earnings and completes Pacific Financial acquisition
Banner Corporation posted third‑quarter 2026 net income of $47.7 million, or $1.36 per diluted share, matching EPS estimates but missing revenue expectations. The bank completed its Pacific Financial acquisition, adding $766 million in loans and $1 billion in deposits while targeting 40 % cost savings. Net interest margin improved to 4.14 % and the company returned capital via a $0.52 per‑share dividend and a repurchase of 200,000 shares at an average price of $71.03. Organic loan growth was 8 % annualized, driven largely by commercial real‑estate lending.
Why it matters
The earnings beat on EPS supports the dividend and share‑repurchase program, but the revenue miss and one‑time integration costs may pressure near‑term profitability. Investors will watch how the acquisition‑driven scale and cost‑saving targets translate into future earnings and margin expansion.
Key facts
- 1Net income was $47.7 million, or $1.36 per diluted share. investing.com
- 2Net interest margin rose to 4.14 % on a tax‑equivalent basis. investing.com
- 3The Pacific Financial acquisition added $766 million in loans and $1 billion in deposits. investing.com
- 4Organic loan growth was $235 million, an 8 % annualized rate. investing.com
- 5Banner paid a cash dividend of $0.52 per share. investing.com
- 6The company repurchased 200,000 shares at an average price of $71.03 per share. investing.com
Open questions
- Revenue figures differ across sources: $177.3 million, $179 million, $185.01 million, $230 million, and $185.01 million.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.