secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2026-10-21T20:35:57+00:00
Accession:  0000946673-26-000196
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Banner Q3 EPS falls to $1.36 from $1.54 YoY; net income $47.7M after Pacific Financial deal close
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- Net income $47.7M, or $1.36 per diluted share, vs $48.9M/$1.43 in Q2 2026 and $53.5M/$1.54 in Q3 2025; results included $5.2M of M&A costs.
- Revenue $177.3M, up 4% YoY from $170.7M; net interest income $161.9M vs $150.0M a year ago; tax-equivalent NIM 4.14% vs 3.98%.
- Completed Pacific Financial (Bank of the Pacific) acquisition Sept 1, 2026; assets $18.08B, net loans $12.82B (+11% YoY), deposits $15.39B.
- Loan originations $1.28B, up 61% YoY; provision for credit losses $2.8M; non-performing assets 0.35% of assets vs 0.27% a year ago.
- Declared quarterly dividend of $0.52 per share, payable Nov 13, 2026, record Nov 5; repurchased 200,000 shares in Q3 at average $71.03.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000196/0000946673-26-000196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000196/banr-20261021.htm
  HTML page:      https://secwatch.observer/filing/0000946673-26-000196

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