Monitor next quarter's net interest margin trajectory and loan growth, as sustained margin expansion will be key to maintaining the current growth momentum.
Price Chart
Executive Summary
Banner Corporation reported strong Q1 2026 earnings with net income of $54.7 million ($1.60 diluted EPS), beating consensus estimates. The beat was driven by a significant improvement in net interest margin and a $796,000 recapture of credit loss provision. The company also announced a 4% dividend increase and share repurchases.
Key Financial Metrics
Key Facts
- EPS of $1.60 beat consensus of $1.37 by 15.8%
- Net interest margin expanded 8 basis points to 4.11%
- Net interest income of $150.2 million, down sequentially but up year-over-year
- Total revenue of $169.3 million beat consensus of $169.4 million
- Recorded a $796,000 recapture of credit loss provision vs $2.4 million provision last quarter
- Announced 4% dividend increase to $0.52 per share
- Repurchased 250,000 shares at average price of $64.56
Financial Impact
$54.7 million net income, $1.60 EPS, 4.11% net interest margin
Risk Factors
- Potential margin compression if interest rates decline
- Credit quality deterioration in commercial real estate portfolio
- Competition from larger banks in Western markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000946673-26-000119 |
| Document: a2026-q1presentation.htm | 0000946673-26-000119 |
| Document: banr-20260422.htm | 0000946673-26-000119 |
| Document: 0000946673-26-000119-index-headers.html | 0000946673-26-000119 |
| Document: 0000946673-26-000119-index.html | 0000946673-26-000119 |
| Document: 0000946673-26-000119.txt | 0000946673-26-000119 |
| 8-K Data (Synthetic) | 0000946673-26-000119 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | 8-K | $68.58 $67.00 | ▼ −2.30% | ▼ −2.62% | $67.88 (−1.02%) |
Jul 20, 2026 10w ago | 425 | $70.74 $72.73 | ▲ +2.81% | ▲ +0.25% | $67.88 (−4.04%) |
Jun 17, 2026 15w ago | EFFECT | $64.76 $72.43 | ▲ +11.84% | ▲ +10.53% | $67.88 (+4.82%) |
Jun 15, 2026 15w ago | S-4/A | $66.12 $69.05 | ▲ +4.43% | ▲ +4.23% | $67.88 (+2.66%) |
Jun 3, 2026 17w ago | S-4 | $64.61 $67.17 | ▲ +3.96% | ▲ +5.33% | $67.88 (+5.06%) |
Apr 22, 2026 23w ago | 8-K | $67.22 $64.65 | ▼ −3.82% | ▼ −8.45% | $67.88 (+0.99%) |
US Market Status
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