secwatch.observer — SEC 8-K summary
======================================

Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2026-07-22T20:41:25+00:00
Accession:  0000946673-26-000163
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 Q2 net income $48.9M ($1.43 EPS); announces acquisition of Pacific Financial
--------------------------------------------------------------------------------

- Net income $48.9M ($1.43 diluted EPS) vs $54.7M ($1.60) prior Q and $45.5M ($1.31) year ago.
- Net interest income $153.7M, up from $150.2M prior Q; net interest margin 4.13% tax-equivalent.
- Loan originations $1.26B in Q2, up from $863M prior Q; net loans $11.83B, up 2% from Q1.
- Declared quarterly dividend $0.52/share, payable Aug 14 to holders of record Aug 4.
- Announced agreement to acquire Pacific Financial Corp (Bank of the Pacific) to expand in Western WA/OR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000163/0000946673-26-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000163/banr-20260722.htm
  HTML page:      https://secwatch.observer/filing/0000946673-26-000163

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