secwatch.observer — SEC 8-K summary
======================================

Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000946673-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000004/0000946673-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000004/banr-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000946673-23-000004

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