secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000939057-22-000305
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000093905722000305/0000939057-22-000305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000093905722000305/8k101922.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000305

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