Banner(NASDAQ) BANR

Banner Corporation helps people keep their money safe. It lends money to families buying new homes. These services meet daily needs across the Western United States.

Banking for the West

• Commercial Real Estate: Financing for owner-occupied properties and investment ventures; accounts for 34% of the loan portfolio.
• Commercial Business: Lending for small to medium-sized companies and farms; represents 22% of the loan portfolio.
• Construction and Land: Funding for commercial, multifamily, and residential building projects; represents 14% of the loan portfolio.
• Residential Mortgages: Loans for single-family to four-family homes; makes up 13% of the total loan portfolio.

Growing the Network

• Entered into a definitive merger agreement to acquire Pacific Financial Corporation on April 30, 2026.
• Expanded physical operations to 135 branch offices and 15 loan production offices by June 30, 2026.
• Reduced funding costs by shifting client balances from high-rate certificates of deposit into lower-cost accounts during 2026.

What Makes It Different?

The bank uses a super community model to build local client relationships and acquire high-quality assets. It maintains a moderate risk profile by spreading its loan portfolio across diverse industries and six different states.

The Numbers for 2026

• Net income was $103.6 million for the six months ended June 30, 2026.
• Total revenue was $172.0 million for the quarter ended June 30, 2026.
• Total assets reached $16.59 billion as of June 30, 2026.
• Net interest margin on a tax equivalent basis was 4.13% for the second quarter of 2026.
• Market capitalization was $2.4 billion for the quarter ended June 30, 2026.

The Path Ahead

Banner has transitioned from a local lender into a regional financial institution serving the Pacific Northwest and beyond. Its focus on core deposits and diverse lending supports its stability across different economic cycles.