secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000946673-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Corp Q2 net income $39.8M ($1.15 EPS); loans grow 3% seq, net interest margin compresses
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- Q2 net income $39.8M ($1.15 diluted EPS) vs Q1 $37.6M ($1.09) and Q2 2023 $39.6M ($1.15).
- Net interest income $132.5M, down 7% YoY; net interest margin 3.70% vs 4.00% a year ago.
- Net loans $10.99B, up 6% YoY and 3% seq; non-performing assets 0.21% of total assets.
- Deposits $13.08B, core deposits 88% of total; tangible book value per share $38.12.
- Board declared $0.48/share dividend payable Aug 16, 2024, unchanged from prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667324000019/0000946673-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667324000019/banr-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000946673-24-000019

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