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For a node to be disconnected the default threshold of banscore is 100. In versions prior to v0.18, the default time to keep the misbehaving peer from reconnecting is 86,400 seconds or 1 day. However, ...
...could conceivably broadcast a ton of junk/illegitimate transactions to the network thereby consuming the necessary bandwidth and processing power for the network to deal with legitimate ones.
First of all, IP addresses are not stored in transactions nor can a node just "generate IP addresses".
How banning works is that nodes connect to each other via TCP sockets which are stream sockets ...