secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000946673-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Q1 2023 net income $55.6M, $1.61 EPS; raises dividend to $0.48
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- Net income $55.6M ($1.61 diluted EPS), up 26% YoY from $44.0M ($1.27) and up 2% from Q4 2022.
- Net interest margin 4.30%, up from 3.18% a year ago; net interest income $153.3M, +29% YoY.
- Core deposits $12.20B (93% of deposits); uninsured deposits 33% (31% excl. collateralized).
- Quarterly dividend raised to $0.48 per share from $0.44, payable May 12 to record May 2.
- Non-performing assets $27.1M (0.17% assets), up from $23.4M (0.15%) at Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000012/0000946673-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000012/banr-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000946673-23-000012

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