---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-22-000105"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2022-04-20T23:59:59+00:00"
generated_at: "2026-06-26T06:24:44.544947+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Banner reports Q1 net income $44.0M ($1.27 EPS), down 12% QoQ; declares $0.44 dividend

## Summary
- Net income $44.0M ($1.27 diluted EPS), down 12% from $49.9M ($1.44) in Q4 2021 and down 6% YoY.
- Revenue $138.1M, down 5% QoQ; net interest margin 3.18% vs 3.17% prior quarter.
- Mortgage banking revenue $4.4M, down 21% QoQ and 61% YoY on lower refinance activity.
- Non-performing assets improved to $19.1M (0.11% of assets) from $23.7M (0.14%) at year-end.
- Board declared $0.44/share dividend payable May 13, 2022, to holders of record May 3, 2022.

## SEC filing metadata
- accession: 0000939057-22-000105
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2022-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946673/000093905722000105/0000939057-22-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000093905722000105/banr8k42022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-22-000105
- JSON: https://secwatch.observer/filing/0000939057-22-000105.json
- Plain text: https://secwatch.observer/filing/0000939057-22-000105.txt

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