Quarterly ResultApr 22, 2026, 05:06 PM
Banner Corp Q1 2026 Net Income Rises to $54.7M
AI Summary
Banner Corp reported strong first-quarter 2026 results, with net income increasing to $54.7 million from $51.2 million in the previous quarter. The company saw HFI loan growth of $269 million year-over-year and core deposits increased by $165 million quarter-over-quarter. Net interest margin expanded by 8 basis points to 4.11%, and the company announced a 4% increase in its cash dividend to $0.52 per share, reflecting solid financial performance and a commitment to shareholder returns.
Key Highlights
- Net income rose to $54.7 million, up from $51.2 million in the prior quarter.
- HFI Loan growth was $269 million year-over-year (2%).
- Core deposits grew by $165 million quarter-over-quarter (5% annualized).
- Net interest margin (tax equivalent) increased by 8 basis points to 4.11%.
- Cash dividend increased by 4% to $0.52 per share.