Financial Performance - Net income reached $53.5 million, compared to $45.5 million in the prior quarter[5] - HFI Loan growth was $478 million year-over-year, representing a 4% increase[5] - Core deposit growth amounted to $426 million quarter-over-quarter, which translates to a 14% annualized growth rate[5] - Return on average assets stood at 1.30%, while return on average equity was 11.33%, compared to 1.13% and 9.92% respectively in the previous quarter[5] Operational Efficiency - The GAAP efficiency ratio improved by 274 basis points quarter-over-quarter to 59.76%, while the adjusted non-GAAP efficiency ratio improved by 174 basis points to 58.54%[5] - Non-performing assets remained low at 0.27% of total assets, a decrease of 3 basis points from the previous quarter[5] Capital Allocation - The company repurchased 250,000 shares of its common stock at an average price of $63.11 per share[5] - A 4% increase in the dividend was announced, bringing it to $0.50 per share, to be paid in November 2025[5] Balance Sheet - Total assets of Banner Corporation are $16.6 billion[7] - Total deposits are $14.0 billion[7] - Total loans are $11.7 billion[7]