BANNER CORP

For the period ended Mar 31, 2026. Filed May 5, 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.

Mar 31, 2026 · Filed May 5, 2026

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

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Contents

Consolidated Statements of Cash Flows

	Three Months Ended March 31,
	2026	2025
OPERATING ACTIVITIES:
Net income	$54,716	$45,135
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation	3,639	4,304
Deferred income and expense, net of amortization	(2,808)	(2,377)
Capitalized loan servicing rights, net of amortization	190	68
Amortization of core deposit intangibles	256	456
Loss on sale of securities, net	1,242	—
Net change in valuation of financial instruments carried at fair value	(1,662)	(315)
Decrease in deferred taxes	146	229
Increase in current taxes payable/receivable, net	8,342	6,955
Stock-based compensation	2,650	2,230
Net change in cash surrender value of BOLI	(2,312)	(2,268)
Gain on sale of loans, excluding capitalized servicing rights	(1,623)	(1,452)
Gain on disposal of real estate held for sale and property and equipment, net	(15)	(140)
(Recapture) provision for credit losses	(796)	3,139
Origination of loans held for sale	(91,725)	(75,240)
Proceeds from sales of loans held for sale	133,024	109,737
Net change in:
Other assets	271	8,819
Other liabilities	6,301	(42,042)
Net cash provided from operating activities	109,836	57,238
INVESTING ACTIVITIES:
Purchases of securities—available-for-sale	(104,425)	(9,844)
Principal repayments and maturities of securities—available-for-sale	65,028	43,137
Proceeds from sales of securities—available-for-sale	14,727	—
Principal repayments and maturities of securities—held-to-maturity	17,640	9,779
Loan originations, net of repayments	(20,289)	(110,973)
Purchases of loans and participating interest in loans	—	(10,780)
Proceeds from sales of other loans	4,351	10,947
Purchases of property and equipment	(420)	(1,661)
Proceeds from sale of real estate held for sale and sale of other property	952	1,563
Proceeds from FHLB stock repurchase program	11,160	62,055
Purchase of FHLB stock	(4,492)	(56,891)
Other	1,441	874
Net cash used by investing activities	(14,327)	(61,794)

Continued on next page

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

	Three Months Ended March 31,
	2026	2025
FINANCING ACTIVITIES:
Increase in deposits, net	$97,218	$78,867
Repayment of overnight and short term FHLB advances, net	(150,000)	(122,000)
Increase in other borrowings, net	8,008	5,331
Cash dividends paid	(17,279)	(16,783)
Cash paid to repurchase common stock	(16,148)	—
Taxes paid related to net share settlement of equity awards	(709)	(772)
Net cash used by financing activities	(78,910)	(55,357)
NET CHANGE IN CASH AND CASH EQUIVALENTS	16,599	(59,913)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	422,640	501,858
CASH AND CASH EQUIVALENTS, END OF PERIOD	$439,239	$441,945

	Three Months Ended March 31,
	2026	2025
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid in cash	$50,300	$51,240
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Transfer of loans to real estate owned and other repossessed assets	1,589	1,278
Loans, held-for-sale, transferred from portfolio	(30,553)	(25,560)

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