12:26a Jeroboam said in his heart,

Jeroboam thought,
-or-
Jeroboam started thinking/worrying that

12:26b “Now the kingdom might revert to the house of David.

“⌊As things are,⌋ the descendants of David will/may soon be ruling the kingdom ⌊of Israel⌋ again.
-or-

⌊the people of⌋ ⌊his⌋ kingdom would/might begin to follow/serve the family/dynasty of David again.

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