Banner Q4 net income $1.58 EPS, up 11% sequentially; dividend raised 9% to $0.48

BANNER CORP

2022-FY EPS reported $5.67

Net income $54.4M ($1.58 diluted EPS) for Q4 2022, up 11% from Q3 and 9% from Q4 2021.
Net interest margin expanded to 4.23% from 3.85% Q3; loans grew 3% sequentially to $10.01B.
Quarterly cash dividend increased 9% to $0.48 per share, payable Feb 13 to holders of record Feb 2.
Recorded $6.7M provision for credit losses and $3.5M accrual for legal settlement.
Non-performing assets rose to $23.4M (0.15% assets) from $15.6M (0.10%); core deposits fell to $12.90B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BANNER CORP reported the year ended December 31, 2022 results: net income $195.4 million, EPS $5.67 per diluted share.

Period: the year ended December 31, 2022
Net income: $195.4 million
EPS: $5.67 per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, net income decreased 3% to $195.4 million, or $5.67 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BANNER CORP reported the fourth quarter of 2022 results: net income $54.4 million, EPS $1.58 per diluted share.

Period: the fourth quarter of 2022
Net income: $54.4 million
EPS: $1.58 per diluted share
Result: reported results

Exact text from the filing

Banner Corporation Reports Net Income of $54.4 Million, or $1.58 Per Diluted Share, for Fourth Quarter 2022

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BANNER CORP filing history →

Source: SEC EDGAR

accession 0000946673-23-000004

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