Quarterly ResultJul 22, 2026, 04:47 PM
Banner Q2 Net Income $48.9M, EPS $1.43; Declares $0.52 Dividend
AI Summary
Banner Corporation reported net income of $48.9 million, or $1.43 per diluted share, for the second quarter of 2026. This compares to $54.7 million in the preceding quarter and $45.5 million in the second quarter of 2025. Net interest income increased to $153.7 million. The Board of Directors declared a regular quarterly cash dividend of $0.52 per share, payable on August 14, 2026. The company also highlighted its previously announced agreement to acquire Pacific Financial Corporation, expected to close in Q3 2026.
Key Highlights
- Net income for Q2 2026 was $48.9 million ($1.43 diluted EPS).
- Quarterly cash dividend of $0.52 per share declared.
- Net interest income for Q2 2026 was $153.7 million.
- Total assets reached $16.59 billion at June 30, 2026.
- Net loans receivable increased 2% to $11.83 billion.
- Total deposits were $13.79 billion at June 30, 2026.
- Non-performing assets were $60.5 million (0.36% of total assets).
- Agreement to acquire Pacific Financial Corporation, expected Q3 2026.
Price Impact
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