Banner(US:BANR)2026-01-22 16:00Financial Performance - Net income was $51.2 million, compared to $53.5 million for the prior quarter[5] - HFI Loan growth of $367 million year-over-year, representing a 3% increase[5] - Core deposits grew by $196 million year-over-year, a 2% increase[5] - Net interest margin (tax equivalent) increased by 5 basis points to 4.03%[5] - Return on average assets was 1.24%, and return on average tangible common equity was 13.11%, compared to 1.30% and 14.17%, respectively, for the prior quarter[5] Loan Portfolio and Credit Quality - Total loan originations (excluding HFS) were $867 million[5] - Allowance for credit losses – loans was 1.37% of total loans[5] - Non-performing assets remained low at 0.31% of total assets, up 4 basis points from last quarter[5] Capital Management - Repurchased 249,975 shares of Banner common stock at an average price of $63.14 per share[5] - Announced dividend of $0.50 per share to be paid in February 2026[5] Revenue and Efficiency - Efficiency ratio (GAAP) was 62.11%, compared to 59.76% in the prior quarter; adjusted, non-GAAP efficiency ratio was 59.87% compared to 58.54% in the prior quarter[5] - Core revenue for the quarter ending December 31, 2025, was $170 million, and $661 million for the last 12 months[20]