BANR: net income $48.9M. BANR announces Pacific Financial acquisition; buyback renewed at 1.7M shares

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Announced agreement to acquire Pacific Financial Corporation (Bank of the Pacific), expected to close Q3 2026 subject to regulatory approvals and shareholder vote. Standard risk language included regarding potential failure to complete.

  MD&A: Pacific Financial acquisition verify on EDGAR →
• medium

  Board approved new 12-month buyback authorization for 1.7M shares (~5% of outstanding), replacing the prior 1.73M-share program that expired July 24, 2026. Year-to-date program repurchases totaled $16.1M.

  MD&A: Share repurchase authorization verify on EDGAR →
• medium

  Loans with interest rate floors grew from $5.48B to $5.96B, with weighted average floor rate rising from 4.88% to 4.95%. Current average note rate declined from 6.52% to 6.31%, reflecting lower-rate environment.

  MD&A: Interest rate floors verify on EDGAR →