Q2 2026 Banner Corp Earnings Call Transcript
Key Points
- Banner Corp (BANR) reported a net profit of $48.9 million or $1.43 per diluted share for Q2 2026, up from $1.31 per share in Q2 2025.
- Core earnings for Q2 2026 were $64.4 million, an increase from $62.5 million in Q2 2025.
- Revenue from core operations increased by nearly 6% year-over-year, reaching $172 million in Q2 2026.
- Loan originations increased significantly, with commercial originations up 85% and construction up 73% compared to the previous quarter.
- Banner Corp (BANR) maintained a strong core deposit base, representing 89% of total deposits, and announced a core dividend of $0.52 per common share.
- Nonperforming assets increased by $8.9 million due to a single condo construction project moving to nonaccrual status.
- Total noninterest income decreased by $939,000 from the prior quarter, primarily due to lower gains on financial instruments and mobile income.
- Noninterest expense increased by $5.4 million from the prior quarter, driven by higher software, marketing, and legal expenses.
- The provision for credit losses was $3.8 million, driven by loan growth and changes in portfolio mix.
- Deposit costs remained relatively flat, with pressure on CD pricing and no significant repricing expected until potential Fed action.
Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Banner Corporation's second quarter 2026 conference call and webcast. (Operator Instructions) Thank you.
I would now like to turn the call over to Mark Grescovich, President and CEO of Banner Corporation.
Thank you, Jordan, and good morning, everyone. I would also like to welcome you to the second quarter 2026 earnings call for Banner Corporation. Joining me on the call today is Rob Butterfield, Banner Corporation's Chief Financial Officer; Jill Rice, our Chief Credit Officer; and Rich Arnold, our Head of Investor Relations.
Rich, would you please read our forward-looking safe harbor statement?
Sure, Mark. Good morning. Our presentation today discusses our business outlook and will include forward
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
