Banner Corporation reports developments for a regional bank holding company whose wholly owned Banner Bank accepts deposits, originates loans and provides banking services to individuals and businesses in Washington, Oregon, California and Idaho. Company updates commonly cover quarterly earnings, net interest income and margin, loan and deposit trends, credit-loss provisions, capital levels and regular cash dividends.
News also includes conference-call announcements, board and executive leadership changes, enterprise operations updates and recognition tied to Banner Bank's financial strength, profitability and growth. The company’s disclosures frame performance around relationship banking, funding costs, credit quality and a western branch network.
Banner Corporation (BANR) reported third-quarter 2026 net income of $47.7 million, down from both the preceding quarter and a year earlier. Diluted earnings per share were $1.36, versus $1.43 and $1.54, respectively. Net interest income rose to $161.9 million, and tax-equivalent net interest margin reached 4.14%. Non-interest expense increased to $115.7 million, including $5.2 million of merger-related costs.
Banner completed its $186.8 million all-stock acquisition of Pacific Financial on September 1, 2026, exchanging 0.2633 Banner shares per Pacific Financial share. The acquisition added $1.29 billion in assets and $1.14 billion in deposits. Quarter-end net loans reached $12.82 billion and deposits totaled $15.39 billion. Non-performing assets rose to $63.0 million from $45.3 million a year earlier. Banner declared a regular $0.52 quarterly dividend, payable November 13 to shareholders of record November 5, 2026.
Banner Corporation (NASDAQ: BANR) will report third quarter 2026 results after the market closes on October 21, 2026.
Management will discuss the results on October 22 at 8:00 a.m. PT (11:00 a.m. ET) during a conference call and live webcast. Investors can listen at www.bannerbank.com, where a replay will also be available.
Banner Corporation (NASDAQ: BANR), parent of Banner Bank, has completed its previously announced acquisition of Pacific Financial Corporation and subsidiary Bank of the Pacific, effective September 1, 2026. The transaction expands Banner’s branch presence and density in Western Washington and Western Oregon.
According to Banner, Bank of the Pacific brings a financially strong community banking franchise with attractive core deposits. As of June 30, 2026, Pacific Financial had $1.26 billion in total assets and operated 15 Bank of the Pacific branches across Washington and Oregon.
Systems integration is planned for November 2026, at which time all operations will transition to the Banner brand and former Bank of the Pacific clients are expected to access a broader product set, higher lending limits and an expanded branch network. Under the merger agreement, each Pacific Financial share was converted into the right to receive 0.2633 shares of Banner common stock. Immediately after closing, former Pacific Financial shareholders own approximately 7% of the combined company, while existing Banner shareholders own about 93%.
Banner Corporation (NASDAQ: BANR) and Pacific Financial Corporation (OTCQX: PFLC) jointly announced that all regulatory approvals required for the previously announced merger of Pacific Financial into Banner have been received. Banner also received a letter from the Federal Reserve stating it does not object to Banner’s requested waiver of the merger application requirement.
According to Banner and Pacific Financial, the companies now anticipate closing the merger on September 1, 2026, subject to satisfaction of remaining customary closing conditions. Banner is a $16.59 billion bank holding company operating a commercial bank across four Western states. Pacific Financial reported $1.26 billion in total assets at June 30, 2026, with eighteen branches and additional loan production offices serving communities in Washington and Oregon.
Banner Corporation (NASDAQ: BANR) announced that its Board of Directors has authorized a stock repurchase program for up to 1.7 million shares of common stock, representing about 5% of issued and outstanding shares. Repurchases may be made in open-market transactions, with timing and volume dependent on market conditions and other corporate considerations.
Banner Corporation (NASDAQ: BANR) reported second quarter 2026 net income of $48.9 million, or $1.43 per diluted share, versus $54.7 million ($1.60) in the prior quarter and $45.5 million ($1.31) a year earlier. Net interest income rose to $153.7 million on a 4.13% tax-equivalent net interest margin. Revenue was $172.0 million, up from $169.3 million in the first quarter and $162.2 million a year ago.
Banner recorded a $3.8 million provision for credit losses after a recapture in the prior quarter, while non-interest expense increased to $108.0 million, pressuring the efficiency ratio. Net loans grew 2% sequentially to $11.83 billion, with loan originations of $1.26 billion. Non-performing assets were $60.5 million (0.36% of assets). Core deposits represented 89% of total deposits of $13.79 billion.
The Board declared a quarterly cash dividend of $0.52 per share, payable August 14, 2026 to shareholders of record on August 4, 2026. Banner also highlighted a definitive agreement to acquire Pacific Financial Corporation in an all-stock deal, under which Pacific Financial shareholders are to receive 0.2633 Banner shares per Pacific Financial share, with closing targeted for the third quarter of 2026, subject to shareholder and regulatory approvals.
Banner Bank (NASDAQ: BANR) released its 2025 Corporate Responsibility Report, outlining practices and achievements in community, governance, talent and environment. The bank earned an Outstanding CRA rating from the FDIC for the second consecutive exam cycle and implemented a new enterprise loan origination system to improve service consistency and speed.
According to Banner Bank, it ranked highest in the Northwest region in the J.D. Power U.S. Retail Banking Satisfaction Study, earned Great Place to Work certification with an 86% engagement score, and advanced its climate risk program. The report is supported by TCFD, SASB and GRI-aligned disclosures.
Banner Corporation (NASDAQ: BANR) reported that Kroll Bond Rating Agency (KBRA) affirmed its senior unsecured debt rating at BBB+, subordinated debt at BBB, and short-term debt at K2. KBRA also affirmed Banner Bank’s deposit and senior unsecured ratings at A-, subordinated at BBB+, and short-term at K2, maintaining a Stable outlook on all long-term ratings.
Banner Corporation (NASDAQ: BANR), parent of Banner Bank, will report second quarter 2026 results after market close on Wednesday, July 22, 2026.
Management will discuss results on a conference call and live webcast on Thursday, July 23, 2026 at 8:00 a.m. PT (11:00 a.m. ET), accessible via www.bannerbank.com with replay available.
Banner (NASDAQ: BANR) agreed to acquire Pacific Financial (OTCQX: PFLC) in an all-stock merger announced April 30, 2026. The exchange ratio is 0.2633 Banner shares per Pacific Financial share, implying $17.44 per PFLC share and ~$177 million aggregate value based on Banner's April 29 close.
Post-close the combined company is expected to have ~$18 billion in assets; Pacific Financial shareholders would own ~7% of the combined company and Banner shareholders ~93%. Closing is expected in Q3 2026, subject to approvals.