secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000946673-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Q1 net income $37.6M ($1.09 EPS) down 32% YoY; declares $0.48 dividend
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- Net income of $37.6M ($1.09 diluted EPS) vs $55.6M ($1.61) a year ago, down 32%.
- Net interest income $133.0M; NIM (tax-equivalent) 3.74% vs 4.30% a year ago.
- Total deposits $13.16B; core deposits 89% of total; uninsured deposits ~31%.
- Non-performing assets stable at $29.9M (0.19% of assets); allowance 1.39% of loans.
- Board declared $0.48 per share quarterly dividend, payable May 10 to record Apr 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667324000012/0000946673-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667324000012/banr-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000946673-24-000012

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