Pacific Financial Q2 FY26 net income falls 5% to $2.9 million

Reuters2026/07/24 12:33

By:Reuters

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Pacific Financial posts Q2 2026 net income of $2.9 million, down 5% from Q1 2026; diluted EPS slips to $0.29 from $0.30.
Net interest income rises 2% from Q1 to $12.3 million; net interest margin widens 12 basis points to 4.16%.
Non-interest expense climbs 4% from Q1 to $10.2 million, reflecting about $678,000 of merger-related costs.
Quarterly cash dividend held at $0.15 per share, payable Aug. 14 to holders of record Aug. 4.
Banner to acquire Pacific Financial in an all-stock deal, exchanging 0.2633 Banner shares for each Pacific Financial share under the merger agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607240830PRIMZONEFULLFEED9767507) on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pacific Financial Q2 FY26 net income falls 5% to $2.9 million

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