---
schema_version: "secwatch.filing_event.v1"
accession: "0000946673-26-000119"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T05:02:18.400363+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banner Q1 net income $54.7M ($1.60 EPS), up 21% YoY; raises dividend 4% to $0.52/share

## Summary
- Net income $54.7M ($1.60 diluted EPS) vs $45.1M ($1.30) in Q1 2025; revenue $169.3M, up 6% YoY.
- Net interest margin expanded to 4.11% from 3.92% a year ago; net interest income $150.2M.
- Board declared quarterly dividend $0.52/share (+4% from $0.50), payable May 15 to holders of record May 5.
- Repurchased 250,000 shares in Q1 at avg $64.56/share; tangible book value per share $47.00 (+11% YoY).
- Non-performing assets low at 0.32% of total assets; credit quality solid with allowance at 1.37% of loans.

## SEC filing metadata
- accession: 0000946673-26-000119
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946673/000094667326000119/0000946673-26-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000094667326000119/banr-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000946673-26-000119
- JSON: https://secwatch.observer/filing/0000946673-26-000119.json
- Plain text: https://secwatch.observer/filing/0000946673-26-000119.txt

## Key facts
- Earnings Releases
  BANNER CORP reported first quarter of 2026 results: net income $54.7 million, EPS $1.60 per diluted share.
  - Period: first quarter of 2026
  - Net income: $54.7 million
  - EPS: $1.60 per diluted share
  - Result: reported results
  source text: Banner Corporation Reports Net Income of $54.7 Million, or $1.60 Per Diluted Share, for First Quarter 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000094667326000119/0000946673-26-000119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.