The parent company of Walla Walla-based Banner Bank has reported another quarter of strong growth. 

Banner Corp. reported net income of $53.5 million for the third quarter of 2025, a roughly $8 million increase compared to the second quarter as well as the third quarter of the prior year. 

“Banner’s third quarter performance reflects the continued strength of our super community bank strategy, which focuses on building client relationships, preserving a strong funding base and delivering exceptional service while sustaining a moderate risk profile,” said Mark Grescovich, president and CEO, in a statement.  

“Our earnings for the third quarter of 2025 benefited from solid year over year loan growth as well as higher yields on interest-earning assets. The strategic investments we have made across the organization are generating meaningful returns and are further strengthening Banner for long-term success.” 

At Sept. 30, Banner had $16.56 billion in assets, $11.54 billion in net loans and $14.02 billion in deposits. 

Banner operates 135 bank branches across four Western states, with four branches in the Tri-Cities.