---
schema_version: "secwatch.filing_event.v1"
accession: "0000946673-23-000004"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:45:11.507889+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000946673-23-000004
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/946673/000094667323000004/0000946673-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000094667323000004/banr-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000946673-23-000004
- JSON: https://secwatch.observer/filing/0000946673-23-000004.json
- Plain text: https://secwatch.observer/filing/0000946673-23-000004.txt

## Key facts
- Earnings Releases
  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
  source text: For the year ended December 31, 2022, net income decreased 3% to $195.4 million, or $5.67 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000094667323000004/0000946673-23-000004-index.htm
- Earnings Releases
  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
  source text: Banner Corporation Reports Net Income of $54.4 Million, or $1.58 Per Diluted Share, for Fourth Quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000094667323000004/0000946673-23-000004-index.htm

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