secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000946673-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Q4 net income $42.6M ($1.24 EPS), down 22% YoY; declares $0.48 dividend
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- Net income $42.6M vs $54.4M Q4 2022; diluted EPS $1.24 vs $1.58.
- Net interest income $138.4M, down from $159.1M a year ago; NIM 3.83% vs 4.23%.
- Loans grew 2% QoQ to $10.66B; deposits fell to $13.03B from $13.17B.
- Non-performing assets $30.1M (0.19% of assets), up from $23.4M (0.15%) a year ago.
- Quarterly cash dividend of $0.48/share payable Feb 16, 2024, record Feb 7.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667324000003/0000946673-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667324000003/banr-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000946673-24-000003

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