---
schema_version: "secwatch.filing_event.v1"
accession: "0000946673-23-000020"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:47:08.400607+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Banner Q2 net income $39.6M ($1.15 EPS) down 17% YoY; NIM 4.00%, provision $6.8M

## Summary
- Net income $39.6M ($1.15 diluted EPS) down 29% QoQ and 17% YoY from $48.0M ($1.39) in Q2 2022.
- Net interest income $142.5M, down 7% QoQ; net interest margin 4.00% vs 4.30% prior quarter and 3.44% a year ago.
- Provision for credit losses $6.8M vs $524k recapture prior quarter; AFS securities credit loss provision $2.0M.
- Net loans $10.33B, up 3% QoQ and 11% YoY; core deposits 90% of total deposits; uninsured deposits 31%.
- Quarterly dividend $0.48 per share, payable Aug 11 to record Aug 1; tangible common equity per share $33.83.

## SEC filing metadata
- accession: 0000946673-23-000020
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946673/000094667323000020/0000946673-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000094667323000020/banr-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000946673-23-000020
- JSON: https://secwatch.observer/filing/0000946673-23-000020.json
- Plain text: https://secwatch.observer/filing/0000946673-23-000020.txt

## Key facts
- Earnings Releases
  BANNER CORP reported second quarter of 2023 results: net income net income of $39.6 million, or $1.15 per diluted share, EPS $1.15 per diluted share.
  - Period: second quarter of 2023
  - Net income: net income of $39.6 million, or $1.15 per diluted share
  - EPS: $1.15 per diluted share
  - Result: reported results
  source text: Banner Corporation Reports Net Income of $39.6 Million, or $1.15 Per Diluted Share, for Second Quarter 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000094667323000020/0000946673-23-000020-index.htm
- Earnings Releases
  BANNER CORP reported six months ended June 30, 2023 results: net income net income increased 4% to $95.1 million, or $2.76 per diluted share, EPS $2.76 per diluted share.
  - Period: six months ended June 30, 2023
  - Net income: net income increased 4% to $95.1 million, or $2.76 per diluted share
  - EPS: $2.76 per diluted share
  - Result: reported results
  source text: For the six months ended June 30, 2023, net income increased 4% to $95.1 million, or $2.76 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000094667323000020/0000946673-23-000020-index.htm

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