Banner Bank reported a decline in net income for the third quarter of 2026 to $47.7 million, down from $48.9 million in the previous quarter, largely due to over $5 million in merger and acquisition expenses related to its acquisition of Pacific Financial Corp. Despite this, net interest income increased to $161.9 million, and the bank's annual net income through September 2026 ($151.3 million) surpassed that of the same period in 2025. CEO Mark Grescovich highlighted the bank's strong credit quality, robust capital, and commitment to client relationships.
Original sourceBANRNASDAQFinancial Services
BANNER CORP
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Latest price
$70.36
+0.39%
Alpha Vantage · 11/9/2026
Industry: Banks - RegionalCategory: Domestic Common StockCurrency: USDNews: 1 recent
Analyze BANR free One-year price history
Adjusted daily closes · 252 observations · as of Nov 9, 2026
1 month
+6.7%
3 months
-2.6%
6 months
+10.2%
1 year
+19.1%
Year to date
+15.8%
52-week range
$56.77 – $73.47
Fundamental snapshot
Latest reported period: Sep 30, 2026
Market cap
$2.56B
P/E
12.7
P/B
1.2
P/S
3.8
Revenue
$677.96M
Net income
$202.56M
Diluted EPS
5.88
Gross margin
100.00%
Net margin
29.90%
Return on equity
10.10%
Total debt
$226.39M
Cash
$558.11M
Free cash flow
$239.3M
Latest eight reported quarters
Reported quarterly values, newest first
| Period | Revenue | Net income | Gross margin | Net margin | Free cash flow |
|---|---|---|---|---|---|
| Sep 30, 2026 | $174.46M | $47.71M | 100.00% | 27.30% | $72.79M |
| Jun 30, 2026 | $168.14M | $48.89M | 100.00% | 29.10% | $35.49M |
| Mar 31, 2026 | $170.13M | $54.72M | 100.00% | 32.20% | $109.42M |
| Dec 31, 2025 | $165.23M | $51.25M | 100.00% | 31.00% | $21.59M |
| Sep 30, 2025 | $168.05M | $53.5M | 100.00% | 31.80% | $118.67M |
| Jun 30, 2025 | $157.36M | $45.5M | 100.00% | 28.90% | $52.11M |
| Mar 31, 2025 | $157.05M | $45.14M | 100.00% | 28.70% | $55.58M |
| Dec 31, 2024 | $157.57M | $46.39M | 100.00% | 29.40% | $95.49M |
Reported figures can reflect company reporting conventions, restatements, or sector-specific accounting. Verify against filings before relying on a valuation comparison.
Recent BANR news
All market newsTri-Cities Area Journal of Business·62 signal
Banner Bank announces third quarter results