Banner Q3 net income $49.1M ($1.43 EPS), NIM expands to 3.85%; declares $0.44 dividend

BANNER CORP

2022-Q3 EPS reported $4.09 revenue$33,638,000

Net income $49.1M ($1.43 diluted EPS), flat vs Q3 2021 ($49.9M, $1.44). Revenue $162M (+4% YoY).
Net interest margin 3.85% vs 3.44% prior quarter; net interest income $146.4M (+13% YoY, +14% QoQ).
Loans ex-PPP grew 10% YoY to $9.69B; non-performing assets $15.6M (0.10% of assets), down from $29.7M a year ago.
Mortgage banking revenue collapsed to $105K from $9.6M in Q3 2021. Provision for credit losses $6.1M vs recapture a year ago.
Quarterly dividend $0.44/sh, payable Nov 10 to holders of record Oct 31; tangible equity per share fell 20% YoY to $29.97.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.