---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-21-000303"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2021-10-21T23:59:59+00:00"
generated_at: "2026-06-28T19:29:23.785332+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Banner Q3 net income $49.9M ($1.44 EPS), down 8% QoQ; announces Banner Forward cost initiative, declares $0.41 dividend

## Summary
- Q3 net income $49.9M ($1.44 diluted EPS) vs $54.4M ($1.56) Q2; revenue $155.5M up 4% QoQ and YoY.
- Recorded $8.6M recapture of provision for credit losses; allowance now 1.52% of loans.
- Banner Forward restructuring incurred $7.6M in Q3; initiative targets revenue growth and cost reduction, full implementation by 2023.
- Declared $0.41 quarterly dividend payable Nov 12; repurchased 300K shares at avg $55.50 during Q3.
- Core deposits grew 18% YoY to $13.31B; NPA ratio fell to 0.18% of assets.

## SEC filing metadata
- accession: 0000939057-21-000303
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2021-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946673/000093905721000303/0000939057-21-000303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000093905721000303/8k93021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-21-000303
- JSON: https://secwatch.observer/filing/0000939057-21-000303.json
- Plain text: https://secwatch.observer/filing/0000939057-21-000303.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.