secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000946673-26-000119
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000119/0000946673-26-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000119/banr-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000946673-26-000119

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