**Banner Corporation Reports Financial Results for Fiscal Year 2025**

Walla Walla, WA – Banner Corporation (NASDAQ: BANR), a bank holding company, reported its financial results for the fiscal year ended December 31, 2025. The company's total consolidated assets reached $16.35 billion, compared to $16.20 billion in the prior year. Net loans totaled $11.56 billion, a 3% increase from $11.20 billion in 2024. Total deposits amounted to $13.74 billion, up from $13.51 billion in the previous fiscal year, with core deposits representing 89% of the total.

For the year ended December 31, 2025, Banner Corporation reported net income of $195.4 million, resulting in a return on average assets of 1.21%. This compares to a net income of $168.9 million and a return on average assets of 1.07% for the year ended December 31, 2024. Net interest income increased to $587.9 million, compared to $541.7 million in the prior year, while revenues totaled $660.7 million, up from $608.6 million in 2024. The net interest margin, on a tax equivalent basis, was 3.96%, an increase from 3.75% in the previous year.

Key operational developments included an increase in non-performing assets to $51.2 million, or 0.31% of total assets, compared to $39.6 million, or 0.24% of total assets, in the prior year. The allowance for credit losses on loans was $160.3 million, representing 1.37% of total loans receivable, compared to $155.5 million, or 1.37% of total loans receivable, at the end of 2024. The company continued to execute its super community bank model and strategic initiatives, focusing on originating high-quality assets and client acquisition.

Looking ahead, Banner Corporation's strategic initiatives will continue to focus on originating high-quality assets and client acquisition, which the company believes will generate strong revenue while maintaining a moderate risk profile. The company also plans to focus on efficiency, talent retention, and technology improvements. The company's ability to originate each type of loan is dependent upon the relative client demand and competition in each market it serves.

About BANNER CORP

Banner Corporation is a Washington-based bank holding company operating Banner Bank, a regional commercial bank with 135 branches across Washington, Oregon, California, Idaho, and Utah. It offers diversified lending products including commercial, real estate, agricultural, construction, and consumer loans, alongside deposit and treasury services. Banner serves individuals, businesses, and public entities, combining regional bank capabilities with community bank responsiveness through a broad product line and extensive branch network.

This description was generated via AI from an annual report. Updated 9 months ago.

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