Banner (BANR) Q3 2026 Earnings Call Transcript

Banner (BANR) held its Q3 2026 earnings call, reporting net profit of $47.7 million, or $1.36 per diluted share, down from $53.5 million, or $1.54 per share, in the third quarter of 2025 due to merger and acquisition-related expenses. Net interest income rose 8% year over year to $161.9 million, supported by higher average interest-earning assets following the acquisition of Pacific Financial Corporation. The net interest margin came in at 4.14% (tax-equivalent), up 16 basis points, driven by higher yields and a loan mix shift. Core revenue increased 6% to $179 million. Total assets reached $18.08 billion (+9%) and total deposits were $15.39 billion (+9%), including additions tied to Pacific Financial. Net loans receivable totaled $12.82 billion (+8%), with strong growth across commercial real estate, construction/land, agricultural, and consumer loans. Non-performing assets were $63.0 million (0.35% of assets), and the CET1 capital ratio was 12.57%.