BANNER CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
BANR$70.36+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands except for shares and per share amounts)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| INTEREST INCOME: | |||
| Loans receivable | $702,023 | $655,590 | $577,891 |
| Mortgage-backed securities | 61,000 | 66,085 | 72,352 |
| Securities and cash equivalents | 41,932 | 44,428 | 51,329 |
| Total interest income | 804,955 | 766,103 | 701,572 |
| INTEREST EXPENSE: | |||
| Deposits | 200,798 | 199,465 | 100,126 |
| FHLB advances | 5,774 | 8,941 | 10,524 |
| Other borrowings | 2,756 | 4,299 | 3,376 |
| Subordinated debt | 7,708 | 11,682 | 11,541 |
| Total interest expense | 217,036 | 224,387 | 125,567 |
| Net interest income | 587,919 | 541,716 | 576,005 |
| PROVISION FOR CREDIT LOSSES | 13,045 | 7,581 | 10,789 |
| Net interest income after provision for credit losses | 574,874 | 534,135 | 565,216 |
| NON-INTEREST INCOME | |||
| Deposit fees and other service charges | 43,240 | 43,371 | 41,638 |
| Mortgage banking operations | 13,244 | 12,207 | 11,817 |
| BOLI | 10,152 | 9,193 | 9,245 |
| Miscellaneous | 7,188 | 8,289 | 5,169 |
| 73,824 | 73,060 | 67,869 | |
| Net gain (loss) on sale of securities | 374 | (5,190) | (19,242) |
| Net change in valuation of financial instruments carried at fair value | (1,384) | (982) | (4,218) |
| Total non-interest income | 72,814 | 66,888 | 44,409 |
| NON-INTEREST EXPENSE: | |||
| Salary and employee benefits | 260,706 | 250,555 | 244,563 |
| Less capitalized loan origination costs | (17,219) | (16,857) | (16,257) |
| Occupancy and equipment | 48,723 | 48,771 | 47,886 |
| Information and computer data services | 33,067 | 29,165 | 28,445 |
| Payment and card processing services | 23,948 | 22,518 | 20,547 |
| Professional and legal expenses | 9,492 | 7,858 | 9,830 |
| Advertising and marketing | 4,748 | 5,149 | 4,794 |
| Deposit insurance | 11,314 | 11,398 | 10,529 |
| State and municipal business and use taxes | 6,276 | 5,648 | 5,260 |
| Real estate operations, net | 491 | 293 | (538) |
| Amortization of core deposit intangibles | 1,567 | 2,626 | 3,756 |
| Miscellaneous | 25,661 | 24,414 | 23,723 |
| Total non-interest expense | 408,774 | 391,538 | 382,538 |
| Income before provision for income taxes | 238,914 | 209,485 | 227,087 |
| PROVISION FOR INCOME TAXES | 43,532 | 40,587 | 43,463 |
| NET INCOME | $195,382 | $168,898 | $183,624 |
| Earnings per common share: | |||
| Basic | $5.67 | $4.90 | $5.35 |
| Diluted | $5.64 | $4.88 | $5.33 |
| Cumulative dividends declared per common share | $1.94 | $1.92 | $1.92 |
| Weighted average number of common shares outstanding: | |||
| Basic | 34,460,854 | 34,470,057 | 34,344,142 |
| Diluted | 34,656,802 | 34,628,710 | 34,450,412 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.