Banner Corporation (BANR) Earnings
Banner Corporation is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $1.47. BANR has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +8.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.38 | $1.59 | +15.2% | $169M | -0.4% |
| Jan 21, 2026 | $1.46 | $1.55 | +6.2% | $168M | -1.9% |
| Oct 15, 2025 | $1.40 | $1.52 | +8.6% | $171M | -0.5% |
| Jul 16, 2025 | $1.32 | $1.35 | +2.3% | $162M | -5.5% |
| Apr 16, 2025 | $1.23 | $1.29 | +4.9% | $158M | -3.3% |
| Jan 22, 2025 | $1.22 | $1.33 | +9.0% | $159M | +2.8% |
| Oct 16, 2024 | $1.16 | $1.30 | +12.1% | $153M | -1.1% |
| Jul 17, 2024 | $1.13 | $1.15 | +1.8% | $149M | +9.3% |
| Apr 17, 2024 | $1.13 | $1.09 | -3.5% | $143M | +4.6% |
| Jan 18, 2024 | $1.30 | $1.24 | -4.6% | $150M | +8.4% |
| Oct 18, 2023 | $1.35 | $1.33 | -1.5% | $154M | +8.0% |
| Jul 19, 2023 | $1.55 | $1.15 | -25.8% | $151M | +0.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Mark Grescovich welcomed everyone and mentioned covering four primary items: Q1 2026 performance, actions to support stakeholders, Jill Rice on loan portfolio, and Rob Butterfield on operating performance. Mark thanked colleagues and highlighted Banner's core values. Rob discussed net interest income, deposits, borrowings, capital ratios, dividend increase, and share repurchases. Jill Rice talked about loan originations, portfolio trends, credit quality, and underwriting standards.
Guidance
Rob Butterfield mentioned expecting net interest margin to be relatively flat in Q2, with potential expansion in Q3 and Q4 due to funding costs coming down and loan yields increasing if Fed remains on pause. Jill Rice stated expectations of slower commercial real estate payoffs and sticking with mid-single-digit growth rate for 2026.
Segment performance
Net profit available to common shareholders was $54.7 million or $1.60 per diluted share for Q1 2026, compared to $1.30 per share in Q1 2025 and $1.49 per share in Q4 2025. Pretax pre-provision earnings excluding certain items were $66.3 million in Q1 2026 vs $58.6 million in Q1 2025. Revenue from core operations was $169 million in Q1 2026 vs $160 million in Q1 2025, an increase of nearly 6%. Core deposits represent 89% of total deposits. Loan originations were strong but offset by payoffs, with loan portfolio decreasing $14 million from Dec 31, 2025. Commercial real estate production had increases but was offset by paydowns. C&I line utilization increased, ag balances decreased. Credit metrics remained strong with delinquent loans at 0.56% of total loans, adversely classified loans at 2% of total loans, nonperforming assets at 0.32% of total assets. Allowance for credit losses totaled $160.4 million providing 1.37% coverage of total loans.
Risks & headwinds
Economic uncertainty including persistent inflation, higher for longer interest rates, and increasing geopolitical issues. Potential impact on loan portfolio and credit quality if economic conditions deteriorate further.
Analyst Q&A
Q: On margin, expectations for ahead?
A: Rob Butterfield said typically funding costs increase in Q2 with FHLB advances, NIM flat in Q2, potential expansion in Q3 and Q4.
Q: On loan production and payoffs trend?
A: Jill Rice said payoffs will slow, loan production volumes solid with strong backlog.
Q: On capital priorities and M&A?
A: Rob Butterfield talked about dividend and share repurchases, Mark Grescovich on selective M&A looking for good fit.
Q: On deposit funding and pricing?
A: Rob Butterfield discussed deposit costs and future pricing expectations.
Q: On service charges and fees?
A: Mark Grescovich said renegotiated MasterCard contract contributed.
Q: On noninterest expense?
A: Rob Butterfield talked about seasonality and inflationary expectations.
Q: On M&A sellers' behavior?
A: Mark Grescovich said no change in behavior.
Q: On loan growth demand and payoffs driving?
A: Jill Rice said demand out there, payoffs due to delayed secondary market terms.
Q: On capitalizing on industry disruption and hiring?
A: Jill Rice and Mark Grescovich talked about adding talent.
Q: On technology and AI?
A: Robert Butterfield talked about fintech council and AI adoption.
Q: On margin expectations and limiting factors?
A: Rob Butterfield explained seasonality and repricing factors.
Q: On buyback aggressiveness?
A: Mark Grescovich talked about balancing capital options.
Q: On credit portfolio color?
A: Jill Rice talked about nonperforming loans and substandard loans being idiosyncratic.