Banner Q3 net income falls 11% year over year to $47.71 million
BANR•Banner reported third-quarter 2026 net income of $47.71 million, down 11% year over year. Net interest income rose 8% to $161.89 million, revenue reached $177.28 million, and the company closed its $186.85 million acquisition of Pacific Financial.
1. Quarterly results
Banner reported third-quarter 2026 net income of $47.71 million, down 11% from a year earlier. Net interest income increased 8% to $161.89 million, while revenue climbed to $177.28 million; non-interest expense rose 13% to $115.68 million, including $5.18 million in merger-related costs.
2. Pacific Financial acquisition
Banner closed its acquisition of Pacific Financial on September 1, 2026, for $186.85 million, expanding its presence in Western Washington and Western Oregon.
