Oct 21, 4:35 PM ET
Banner Corporation reported third-quarter 2026 net income of $47.7 million, or $1.36 per diluted share, down from $48.9 million, or $1.43 per share, in the prior quarter and $53.5 million, or $1.54 per share, a year earlier. Revenue rose 4% year over year to $177.3 million, helped by the September 1, 2026 acquisition of Pacific Financial Corporation, while merger costs and higher non-interest expense weighed on profit. The company also declared a regular quarterly dividend of $0.52 per share.
- Q3 2026 net income $47.7 million, $1.36 per diluted share, versus $1.54 per share in Q3 2025
- Revenue $177.3 million, up 4% from $170.7 million in Q3 2025
- Merger-related expenses $5.2 million in Q3 2026 following the Pacific Financial acquisition completed September 1, 2026
- Quarterly cash dividend of $0.52 per share payable November 13, 2026, to holders of record on November 5, 2026
Read the filing on SEC.gov ↗
Jul 22, 4:41 PM ET
Banner Corporation reported second quarter 2026 net income of $48.9 million, or $1.43 per diluted share, down from $54.7 million, or $1.60, in the preceding quarter but up from $45.5 million, or $1.31, a year earlier. Revenue rose 6% year over year to $172.0 million, and the company declared a $0.52 per share quarterly dividend, while its pending all-stock acquisition of Pacific Financial Corporation is expected to close in the third quarter of 2026.
- Net income $48.9 million, or $1.43 per diluted share, versus $54.7 million, or $1.60, in the preceding quarter and $45.5 million, or $1.31, a year ago
- Revenue $172.0 million, up from $169.3 million in the preceding quarter and $162.2 million a year ago; provision for credit losses was $3.8 million
- Quarterly cash dividend of $0.52 per share, payable August 14, 2026, to shareholders of record on August 4, 2026
- Pending all-stock acquisition of Pacific Financial Corporation, announced April 30, 2026, expected to close in the third quarter of 2026
Read the filing on SEC.gov ↗
Apr 30, 6:02 PM ET
Banner Corporation signed a merger agreement on April 30, 2026, to acquire Pacific Financial Corporation, the holding company for Bank of the Pacific, in an all-stock transaction. The companies said the combined company is expected to have about $18 billion in assets, and the deal is expected to close in the third quarter of 2026, subject to shareholder and regulatory approvals.
- Each Pacific Financial share converts into 0.2633 Banner shares; the companies cite an implied $17.44 per share based on Banner's $66.25 close on April 29, 2026.
- The transaction is valued at about $177 million; Pacific Financial shareholders are expected to own about 7% of the combined company.
- Pacific Financial must pay Banner a $6.3 million termination fee in certain circumstances.
- Closing requires approval by two-thirds of Pacific Financial shareholders and regulatory approvals, including from the Federal Reserve Board and the FDIC; the companies expect closing in the third quarter of 2026.
Read the filing on SEC.gov ↗
Apr 22, 5:02 PM ET
Banner Corporation reported first-quarter 2026 net income of $54.7 million, or $1.60 per diluted share, up from $1.49 in the prior quarter and $1.30 a year earlier. Revenue rose 6% year over year to $169.3 million, and the board raised the quarterly cash dividend 4% to $0.52 per share, payable May 15, 2026. Net interest income slipped from the prior quarter to $150.2 million, although net interest margin widened to 4.11%.
- Net income $54.7 million, or $1.60 per diluted share, versus $51.2 million, or $1.49, in the fourth quarter of 2025 and $45.1 million, or $1.30, in Q1 2025
- Revenue $169.3 million, up 6% from $160.2 million a year earlier; net interest income $150.2 million, down from $152.4 million in the prior quarter
- Quarterly dividend raised 4% to $0.52 per share, payable May 15, 2026, to holders of record on May 5, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
