BANNER CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Operating Income (Loss) $83.5m $93.5m $84.0m $81.9m $98.6m $96.4m $75.3m $44.4m $66.9m $72.8m
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $4.5m $4.6m $4.5m $4.6m $6.0m $5.0m $7.8m $9.2m $9.2m $10.2m
Amortization of Intangible Assets $7.3m $6.4m $6.1m $8.2m $7.7m $6.6m $5.3m $3.8m $2.6m $1.6m
Debt and Equity Securities, Gain (Loss) $375.1m $393.0m ($837k) $33k $1.0m $482k ($3.2m) ($19.2m) ($5.2m) $374k
Equity Securities, FV-NI, Realized Gain (Loss) $843k ($837k) $33k $1.0m $46k $374k
Income (Loss) from Continuing Operations before Income Taxes, Domestic $129.6m $151.3m $165.1m $183.1m $142.5m $246.6m $240.8m $227.1m $209.5m $238.9m
Interest Income, Operating $766.1m $805.0m
Investment Income, Interest $391.5m $412.3m $463.6m $525.7m $519.1m $520.5m $572.6m $701.6m $766.1m $805.0m
Other Income $6.0m $9.0m $7.1m $8.6m $6.3m $12.9m $6.8m $5.2m $8.3m $7.2m
Other Operating Income $85.2m $86.3m $81.1m $82.1m $98.3m $91.3m $69.9m $67.9m $73.1m $73.8m
Net Income (Loss) Attributable to Parent $85.4m $60.8m $136.5m $146.3m $115.9m $201.0m $195.4m $183.6m $168.9m $195.4m
Net Income (Loss) Available to Common Stockholders, Basic $85.4m $60.8m $136.5m $146.3m $115.9m $201.0m $195.4m $183.6m $168.9m $195.4m
Earnings Per Share, Basic $2.52 $1.85 $4.16 $4.20 $3.29 $5.81 $5.70 $5.35 $4.90 $5.67
Earnings Per Share, Diluted $2.52 $1.84 $4.15 $4.18 $3.26 $5.76 $5.67 $5.33 $4.88 $5.64
Common Stock, Dividends, Per Share, Declared $0.88 $2.00 $1.96 $2.64 $1.23 $1.64 $1.76 $1.92 $1.92 $1.94
Weighted Average Number of Shares Outstanding, Basic 33.8m 32.9m 32.8m 34.9m 35.3m 34.6m 34.3m 34.3m 34.5m 34.5m
Weighted Average Number of Shares Outstanding, Diluted 33.9m 33.0m 32.9m 35.0m 35.5m 34.9m 34.5m 34.5m 34.6m 34.7m
Noninterest expense:
Labor and Related Expense $180.9m $192.1m $202.6m $226.4m $245.4m $244.4m $242.3m $244.6m $250.6m $260.7m
Marketing and Advertising Expense $9.7m $8.6m $8.3m $7.8m $6.4m $6.0m $4.0m $4.8m $5.1m $4.7m
Business Combination, Acquisition Related Costs $11.7m $0 $5.6m $7.5m $2.1m $660k $0 $0
Current Income Tax Expense (Benefit) $32.3m $34.0m $26.0m $27.8m $37.3m $24.8m $32.5m $35.1m $30.5m $30.6m
Interest Expense $16.4m $19.2m $32.7m $56.8m $37.8m $23.6m $19.4m $125.6m $766.1m $805.0m
Operating Lease, Expense $15.4m
Other Expenses $30.1m $27.1m $26.8m $28.1m $22.7m $24.2m $24.9m $23.7m $24.4m $25.7m
Income Tax Expense (Benefit) $44.3m $90.5m $28.6m $36.9m $26.5m $45.5m $45.4m $43.5m $40.6m $43.5m
Total interest expense $16.4m $19.2m $32.7m $56.8m $37.8m $23.6m $19.4m $125.6m $224.4m $217.0m
Interest Income (Expense), Net $375.1m $393.0m $431.0m $468.9m $481.3m $496.9m $553.2m $576.0m $541.7m $587.9m