Banner Q3 EPS falls to $1.36 from $1.54 YoY; net income $47.7M after Pacific Financial deal close

BANNER CORP

Net income $47.7M, or $1.36 per diluted share, vs $48.9M/$1.43 in Q2 2026 and $53.5M/$1.54 in Q3 2025; results included $5.2M of M&A costs.
Revenue $177.3M, up 4% YoY from $170.7M; net interest income $161.9M vs $150.0M a year ago; tax-equivalent NIM 4.14% vs 3.98%.
Completed Pacific Financial (Bank of the Pacific) acquisition Sept 1, 2026; assets $18.08B, net loans $12.82B (+11% YoY), deposits $15.39B.
Loan originations $1.28B, up 61% YoY; provision for credit losses $2.8M; non-performing assets 0.35% of assets vs 0.27% a year ago.
Declared quarterly dividend of $0.52 per share, payable Nov 13, 2026, record Nov 5; repurchased 200,000 shares in Q3 at average $71.03.

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