Banner Q2 Net Income Drops to $48.9M, NIM Expands to 4.13%
BANR sits 22% above its 52-week low of $57.05 on elevated volume (2.2× avg).
Summary
Banner's Q2 net income fell 10.6% sequentially to $48.9M ($1.43 EPS) from $54.7M, missing the prior quarter's pace despite revenue growth to $172.0M. Net interest margin expanded to 4.13% from 4.11%, and net interest income rose to $153.7M, but higher non-interest expense and a $3.8M credit provision (vs. a $796K recapture in Q1) weighed on the bottom line. The board declared a $0.52 quarterly dividend, consistent with the prior quarter. The results land amid the pending Pacific Financial acquisition, with the merger vote set for August 2026. Loan growth was robust, but expense investments and credit normalization are pressuring near-term profitability.
At the time of this announcement, BANR was trading at $69.68 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $57.05 to $72.65. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: BusinessWire.