BANNER CORP
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
BANR$69.63-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2026 and 2025
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| OPERATING ACTIVITIES: | ||
| Net income | $151,311 | $144,133 |
| Adjustments to reconcile net income to net cash provided from operating activities: | ||
| Depreciation | 10,546 | 12,523 |
| Deferred income and expense, net of amortization | (8,320) | (7,886) |
| Capitalized loan servicing rights, net of amortization | 419 | 405 |
| Amortization of core deposit intangibles | 1,175 | 1,252 |
| Loss on sale of securities, net | 3,336 | (374) |
| Net change in valuation of financial instruments carried at fair value | (1,818) | (626) |
| Decrease in deferred taxes | 715 | 572 |
| Increase in current taxes payable/receivable, net | (4,855) | (387) |
| Stock-based compensation | 8,632 | 7,623 |
| Net change in cash surrender value of BOLI | (7,141) | (7,106) |
| Gain on sale of loans, excluding capitalized servicing rights | (3,540) | (4,746) |
| Loss (gain) on disposal of real estate held for sale and property and equipment, net | 334 | (403) |
| Provision for credit losses | 5,846 | 10,604 |
| Provision for losses on real estate owned (REO) | 1,063 | — |
| Origination of loans held for sale | (285,784) | (264,970) |
| Proceeds from sales of loans held for sale | 374,293 | 355,435 |
| Net change in: | ||
| Other assets | (35,961) | (9,497) |
| Other liabilities | 15,583 | (4,036) |
| Net cash provided from operating activities | 225,834 | 232,516 |
| INVESTING ACTIVITIES: | ||
| Purchases of securities—available-for-sale | (505,526) | (101,671) |
| Principal repayments and maturities of securities—available-for-sale | 223,960 | 248,630 |
| Proceeds from sales of securities—available-for-sale | 332,392 | 17,581 |
| Principal repayments and maturities of securities—held-to-maturity | 42,556 | 30,112 |
| Loan originations, net of repayments | (586,808) | (438,908) |
| Purchases of loans and participating interest in loans | (16) | (10,780) |
| Proceeds from sales of other loans | 9,331 | 26,053 |
| Net cash received from acquisitions | 119,623 | — |
| Purchases of property and equipment | (8,130) | (6,159) |
| Proceeds from sale of real estate held for sale and sale of other property | 2,944 | 6,539 |
| Proceeds from FHLB stock repurchase program | 90,171 | 151,970 |
| Purchase of FHLB stock | (82,927) | (143,745) |
| Investment in BOLI | (49) | (46) |
| Other | 1,682 | 2,229 |
| Net cash used by investing activities | (360,797) | (218,195) |
Continued on next page
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
For the Nine Months Ended September 30, 2026 and 2025
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| FINANCING ACTIVITIES: | ||
| Increase in deposits, net | $510,040 | $501,537 |
| Repayment of overnight and short term FHLB borrowings, net | (150,000) | (190,000) |
| Decrease in other borrowings, net | (2,466) | (4,721) |
| Repayment of subordinated notes | — | (80,500) |
| Cash dividends paid | (53,243) | (50,399) |
| Cash paid to repurchase common stock | (30,361) | (15,784) |
| Taxes paid related to net share settlement of equity awards | (3,542) | (3,449) |
| Net cash provided by financing activities | 270,428 | 156,684 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 135,465 | 171,005 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 422,640 | 501,858 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $558,105 | $672,863 |
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest paid in cash | $147,320 | $164,392 |
| Tax paid | 25,300 | 23,087 |
| NON-CASH INVESTING AND FINANCING TRANSACTIONS: | ||
| Transfer of loans to real estate owned and other repossessed assets | 2,609 | 5,415 |
| Loans, held-for-sale, transferred from portfolio | (74,765) | (74,032) |
| ACQUISITIONS: | ||
| Assets acquired | 1,292,152 | — |
| Liabilities assumed | 1,166,468 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.