BANNER CORP

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 4, 2026

BANR$69.63-1.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

For the Six Months Ended June 30, 2026 and 2025

	Six Months Ended June 30,
	2026	2025
OPERATING ACTIVITIES:
Net income	$103,602	$90,631
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation	7,080	8,474
Deferred income and expense, net of amortization	(5,458)	(4,817)
Capitalized loan servicing rights, net of amortization	207	225
Amortization of core deposit intangibles	512	911
Loss on sale of securities, net	1,234	3
Net change in valuation of financial instruments carried at fair value	(1,505)	(403)
Decrease in deferred taxes	2,774	1,941
Increase in current taxes payable/receivable, net	(4,823)	(4,348)
Stock-based compensation	5,657	4,913
Net change in cash surrender value of BOLI	(4,783)	(4,652)
Gain on sale of loans, excluding capitalized servicing rights	(2,626)	(3,051)
Loss on disposal of real estate held for sale and property and equipment, net	188	948
Provision for credit losses	3,022	7,934
Origination of loans held for sale	(198,383)	(171,026)
Proceeds from sales of loans held for sale	270,343	215,707
Net change in:
Other assets	11,853	16,642
Other liabilities	(40,024)	(47,943)
Net cash provided from operating activities	148,870	112,089
INVESTING ACTIVITIES:
Purchases of securities—available-for-sale	(164,586)	(18,896)
Principal repayments and maturities of securities—available-for-sale	145,188	105,638
Proceeds from sales of securities—available-for-sale	14,727	—
Principal repayments and maturities of securities—held-to-maturity	32,079	20,326
Loan originations, net of repayments	(330,845)	(394,673)
Purchases of loans and participating interest in loans	—	(10,780)
Proceeds from sales of other loans	7,170	20,189
Purchases of property and equipment	(3,960)	(4,398)
Proceeds from sale of real estate held for sale and sale of other property	2,453	1,875
Proceeds from FHLB stock repurchase program	50,985	112,775
Purchase of FHLB stock	(58,717)	(125,475)
Investment in BOLI	(34)	(39)
Other	1,442	873
Net cash used by investing activities	(304,098)	(292,585)

Continued on next page

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

For the Six Months Ended June 30, 2026 and 2025

	Six Months Ended June 30,
	2026	2025
FINANCING ACTIVITIES:
Increase in deposits, net	$46,448	$12,893
Advances of overnight and short term FHLB borrowings, net	170,000	275,000
Increase (decrease) in other borrowings, net	6,783	(8,146)
Repayment of subordinated notes	—	(80,500)
Cash dividends paid	(35,557)	(33,843)
Cash paid to repurchase common stock	(16,148)	—
Taxes paid related to net share settlement of equity awards	(3,486)	(3,418)
Net cash provided by financing activities	168,040	161,986
NET CHANGE IN CASH AND CASH EQUIVALENTS	12,812	(18,510)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	422,640	501,858
CASH AND CASH EQUIVALENTS, END OF PERIOD	$435,452	$483,348

	Six Months Ended June 30,
	2026	2025
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid in cash	$100,855	$111,040
Tax paid	17,720	16,592
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Transfer of loans to real estate owned and other repossessed assets	2,609	4,671
Loans, held-for-sale, transferred from portfolio	(53,592)	(47,260)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.