secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0000939057-22-000105
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000093905722000105/0000939057-22-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000093905722000105/banr8k42022.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer