Banner Corporation (NASDAQ:BANR) missed revenue expectations in the third quarter of 2026. Sales rose 3% year on year to $177.3 million, against analyst estimates of $185 million. Adjusted earnings per share were $1.51, 3.6% below the $1.57 analysts expected. Net interest income grew 7.9% to $161.9 million, short of the $165.9 million forecast. Chief executive Grescovich said results benefited from loan growth and the completed merger with Pacific Financial, partly offset by higher merger-related expenses. Core deposits made up 90% of total deposits. Tangible book value per share rose 2.3% year on year to $45.84. The stock held flat at $68.02 after the report, giving the company a market capitalisation of $2.32 billion.

Banner Corporation reported net income of $48.9 million, or $1.43 per diluted share, for the second quarter of 2026, compared to $54.7 million in the previous quarter and $45.5 million in the same quarter last year. Net interest income reached $153.7 million, up from $150.2 million in the prior quarter and $144.4 million year-over-year. The quarter included a $3.8 million provision for credit losses. For the first half of 2026, Banner posted net income of $103.6 million, or $3.03 per diluted share, compared to $90.6 million for the same period in 2025. The company's board declared a quarterly cash dividend of $0.52 per share, payable on 14 August to shareholders of record on 4 August. Core deposits represented 89% of total deposits at quarter-end.

Forbes names Banner the #1 bank in California. July, 2026 Banner Bank is pleased to announce Forbes ranked Banner Bank #1 in California on the 2026 list of America's Best-In-State Banks. The annual ranking, developed in partnership with Statista, recognizes banks that earn the highest marks from clients on trust, service, financial advice, digital tools and overall satisfaction. "We are delighted to receive this recognition from Forbes because it is based on the opinions of our clients and the California communities we serve," said Mark Grescovich, President & CEO of Banner Bank. "We've been serving the West for more than 135 years, but began serving California just over 10 years ago, so to know our team has earned this level of recognition after just a decade speaks volumes about the outstanding service and value we deliver every day." Statista weighted 80% of the ranking on survey responses from U.S. residents. Participants were asked questions such as how satisfied they were and how likely they were to recommend the U.S.-based banks at which they have a checking or savings account, those at which they had an account within the last three years, and those they knew through friends and family. Participants were also asked to rate their financial institutions on factors including trust, customer service, digital tools, the quality of financial advice given, and whether fees were transparent and reasonable. Additionally, Statista gathered more than 1.2 million publicly available reviews and ratings online about each bank written between February 2023 and March 2026. This research was incorporated into the analysis, accounting for the remaining 20% of each bank's ranking. Banner has earned a spot on the Forbes 100 Best Banks in America list for 10 consecutive years, as well as other nationally-recognized accolades for service, financial strength, trust and additional key indicators in the financial services industry (view all current recognition). This Forbes ranking reflects client feedback and independent research evaluating trust, customer experience, digital banking capabilities and the quality of financial advice provided by banks across the country. Read the Forbes article.