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

Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000946673-23-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Corp Q3 net income $45.9M ($1.33 EPS), down 7% YoY; declares $0.48 dividend
--------------------------------------------------------------------------------

- Net income of $45.9M ($1.33 diluted EPS) vs $49.1M ($1.43) in Q3 2022; up 16% from prior quarter.
- Net interest income $141.8M, down 1% QoQ and 3% YoY; net interest margin (tax eq.) 3.93%.
- Provision for credit losses $2.0M vs $6.8M in prior quarter and $6.1M in Q3 2022.
- Core deposits 89% of total $13.17B deposits; uninsured deposits (excl. collateralized) 28%.
- Quarterly cash dividend of $0.48 per share declared, payable Nov 13, 2023 to holders of record Nov 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000034/0000946673-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667323000034/banr-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000946673-23-000034

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