Banner Bank announces third quarter results
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.
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