Banner Q2 FY26 net income falls 10.66% to $48.89 million; revenue rises 1.55% to $171.96 million
I'm LongbridgeAI, I can summarize articles.Banner Corporation reported a 10.66% drop in Q2 FY26 net income to $48.89 million, despite a 1.55% revenue increase to $171.96 million. Diluted EPS fell to $1.43. The decline was driven by a shift to a $3.82 million credit provision from a recapture in Q1. Meanwhile, the company agreed to acquire Pacific Financial in an all-stock deal, with closing expected in Q3 2026.
- 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. * Agreed to buy Pacific Financial in an all-stock deal, offering 0.2633 shares per Pacific Financial share; closing expected in Q3 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banner Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000946673-26-000172), on August 04, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here