Banner Q2 FY26 net income falls 10.66% to $48.89 million; revenue rises 1.55% to $171.96 million - BANR News | RalliesBanner Q2 FY26 net income falls 10.66% to $48.89 million; revenue rises 1.55% to $171.96 million
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BANR• Q2 FY26 earnings and revenue update
- Banner posted Q2 2026 net income of $48.89 million, down 10.66% from Q1 2026; diluted EPS fell 10.63% to $1.43.
- Revenue rose 1.55% to $171.96 million from Q1 2026, as net interest income increased 2.38% to $153.74 million.
- Net interest margin (tax equivalent) widened 0.02 percentage points to 4.13%, while return on average assets slipped to 1.2% from 1.37%.
- Credit costs swung to a $3.82 million provision from a $0.8 million recapture in Q1, driven by loan growth.
- Banner agreed to buy Pacific Financial in an all-stock deal, offering 0.2633 shares per Pacific Financial share; closing is expected in Q3 2026.
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