secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000946673-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000020/0000946673-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000020/banr-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000946673-23-000020

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