Banner Q2 FY26 net income drops 10.66% to $48.9 million; revenue rises 1.59% to $172 million

Banner posts Q2 2026 net income of $48.9 million, down 10.66% from the prior quarter; diluted EPS slips to $1.43.

Revenue rises to $172 million from the prior quarter; net interest income edges up to $153.7 million.

Net interest margin widens 0.02 percentage points to 4.13% from the prior quarter; provision for credit losses swings to $3.8 million.

Net loans receivable increases 2% to $11.83 billion; loan originations jump to $1.26 billion from the prior quarter.

The board declares a quarterly cash dividend of $0.52 per share; the deal to buy Pacific Financial in an all-stock transaction is expected to close in Q3 2026.