Short answer
BANNER CORP (BANR) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $805M (+5.1% year over year) and net income of $195M.
- Top risk flagged: Regulatory risk: heightened Federal banking regulators’ scrutiny on commercial real estate exposures, including refinancing risk and collateral valuation
FY2025 key financial metrics · XBRL
- Revenue
- $805M
- +5.1% YoY
- Net income
- $195M
- +15.7% YoY
- Operating margin
- 9.0%
- +0.3 pp YoY
- EPS (diluted)
- $5.64
- +15.6% YoY
- ROE
- 10.0%
- +0.5 pp YoY
- Operating cash flow
- $257M
- −12.2% YoY
Source: XBRL data from the BANNER CORP (BANR) FY2025 10-K on SEC EDGAR. USD.
BANNER CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Regional banking and financial services via Banner Corporation
- New 2025 Employee Stock Purchase Plan introduced, detailed in Registration Statement filed Nov 5, 2025
- Amended and Restated Executive Severance and Change in Control Plan effective July 1, 2023
- Numerous equity incentive plans updated through 2023 Omnibus Incentive Plan and related award agreements
- Code of Ethics posted online, satisfying regulatory requirements via website disclosure
Management Discussion & Analysis
- Revenue $660.7M, up 8.5% YoY from $608.6M; net interest income $587.9M vs $541.7M; mortgage banking $13.2M vs $12.2M
- Net interest margin 3.96% vs 3.75%; return on average assets 1.21% vs 1.07%; efficiency ratio 61.87% vs 64.33%
- Best segment: Net interest income up $46.2M (8.5%); weakest: deposit fees flat at $43.2M vs $43.4M
- Repurchased 499,975 shares at $63.14 avg ($31.6M); dividends $1.94/share up from $1.92; total deposits $13.74B up 2%
- Management cautious: allowance for credit losses stable at 1.37%; notes potential impact of economic forecast on allowance (±10%)
Risk Factors
- Regulatory risk: heightened Federal banking regulators’ scrutiny on commercial real estate exposures, including refinancing risk and collateral valuation
- Geopolitical/macroeconomic risk: client base concentrated in Puget Sound and Eastern Washington, exposed to regional economic downturns and trade policy shifts impacting supply chains
- Operational risk: construction and land loans $1.71B (15% total portfolio) with risks from cost overruns, builder defaults, and speculative loans unsold post-construction
- Competitive risk: commercial real estate demand weakening due to remote work trends and market structural changes, impacting property values and loan performance
- Financial risk: allowance for credit losses may be insufficient amid economic, climate-related events, and loan portfolio growth, risking increased provisions and reduced capital
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.