Slide 1: Second Quarter 2019
Exhibit 99.3 Second Quarter 2019
Slide 2: Disclosure Statement
Disclosure Statement Today's presentation deals with Banner's business outlook and will inciude forward-looking statements, Those saterents _netuae descriptions of management's plans, abjecives or goals for future operation jucts or services, forecast of francial or other performanc measures and sta
Slide 3: Building value at Banner
Building value at Banner Building value for stakeholders by focusing on core banking competency ... that is sustainable through change events . and scalable with acquisition growth Banner Corporation sets Recent Additions Deposits $ 9.38, 2osa2 201501 201504 201804 SworegonSulaw $ 8.98 mes Bane Offi
Slide 4: Building value at Banner
Building value at Banner Growing with . Scale in key California market __ Attractive low-cost deposits Relationship driven commercial bank Strong credit culture Financially appealing opportunity AtaPacific Bank Seo : 3 38 ns $ 0.38 Offices G Expected close: 04 2019
Slide 5: Building value at Banner
Building value at Banner Core banking competency Growing revenue Protecting net interest margin Spending carefully Maintaining a moderate risk profile Employing capital wisely Growing revenue Take advantage of ideal geography Offer super community bank value proposition Guard and improve reputation
Slide 6: Growing revenue in a good place
Growing revenue . in a good place since 1890 a Population Estimate mtn 2050 Grow Washington 74 86 16% Oregon 42 Geo ane) Al Banner states 2007 to 2017 20170 2030 0% 5% 10% 15% 20% 25% "a CANAOA
Slide 7: Growing revenue in an ideal geography
Growing revenue. ... in an ideal geography €- Powerful and diverse economic drivers From Banner's Pacific Northwest base to ... Technology Microsoft (@S) amazon gficron @Especio Manufacturing 73 grenezwer’ (intel) PACCAR comune amazon Coste EB BE sorosson Losistcs RET eal OF8HRthe LAL eB ww A Resour
Slide 8: Growing revenue
Growing revenue Offer super community bank value proposition Broad product offerings es middle market, small business and consumer client Decision making as close to client as possible livery channels aligned to maximize tactical execution of strategic pI Community investment
Slide 9: Growing revenue: Guard and improve reputation
Growing revenue Guard and improve reputation Ranked ati in Northwest (3 consecutive ir): J. 2019 U.S. Retail Banking Satisfaction Study = Ranked best bank in the Pacific region: Mg Money 2019 “Best Bank in Every U.S. Region” Ranked in top 100 (3'¢ consecutive year): Forbes 2019 “Best Banks in Ameri:
Slide 10: Grow transaction deposit accounts
Growing revenue Grow transaction deposit accounts terest 7 sas Interest Bearing Ending Number YOY A Number YOY A 06/30/19 298542 41%" 149,758 0.7% 2/3109 71178 80% 50, 14% + Excluding all acquisitions, the number of trans tion depos accounts has grown 107% since 2008, an 8% compound annual growth +
Slide 11: Grow core revenue
Growing revenue ee Grow core revenue, Quer ee ore tM ‘Quarter Guorter MH ‘Amount YOY Amount _YOYa Ena Vora Amount YOY: CSS § in an SO 2 6/307 ym a72%—~§ S1SM 189K wos § 45m 58% § 17m -06% isos $ 53m 16% S 2am 07% ther income Net interest Income Other Fees Mortgage Bnkg Deposit Fees — DepositFeesas%
Slide 12: Building value at Banner
Building value at Banner Core banking competency Growing revenue Protecting net interest margin Spending carefully Maintaining a moderate risk profile Employing capital wisely Protecting net interest margin Improve earning asset mix Improve funding mix Reduce deposit costs Maintain loan-to-deposit r
Slide 13: Improve Earning Asset Mix
Protecting net interest margin Improve Earning Asset Mix 12/31/2009 Comi6 Ag Securities Consumer CRE Owner Res Mortgage CRE Investor Res Const/Dev Improve Funding Mix 12/31/2009 Non-Interest ‘Bearing Certiicates ‘of Depost inerest Beatin ‘snd Swings FHLB & Other 06/30/2019 s Stone 12109 06/19 ‘Consu
Slide 14: Core deposits and deposit costs
Protecting net interest margin Ending 06/50 Balance OYA of Tost 9 $821eM aK 86% wisuoo_$1924m 168% SOx 10 Noncore Deposits Core Deposits core Deposit ‘ora ‘Quarter om Ending Amount Rate Amount Rate O6/509 § 9.0m 059% $507 054% 12/5109$ 1774 185% _—$ 852M 2.20% 2% Loan Yield Deposit Cost % ° — Loan-D
Slide 15: Maintain 90-95% loan-to-deposit ratio
Protecting net interest margin Maintain 90-95% loan-to-deposit ratio 115% Deposits ‘Quarter Ending Ratio 10% 06/50/19 96% 12/S/09 98% 105% 7 — Loan-to-Deposi Ratio 100% me eT ET SESS LES ac 8 9% 8 oF 7 9 9 9 9 gg g® Fecemante fap cre Noss tomate ere Fesewe Syste Don ct Bang Superson 20d gation 14
Slide 16: Maintain top quartile net interest margin
Protecting net interest margin Maintain top quartile net interest margin Earning Asset Yield Quarter uarter TM Funding Cost nt wmount ‘Amount Rate 06/30/19 $117M 4.38% $459m 4.43% 12/31/09 $ 39M 3.53% $146m 3.36% Net interest Margin = Banner — Net interest Margin er Top Ouarie 35% ee Source: Group $
Slide 17: Building value at Banner
Building value at Banner Core banking competency Growing revenue Protecting net interest margin Spending carefully Maintaining a moderate risk profile Employing capital wisely Spending carefully Benefit from scale Control core operating expense
Slide 18: Spending carefully
Spending carefully Control core operating expense 42/31/09 § Sim -101% $132m -2.5% 100% 90% rox | Peermesan 115108 ad over, nk Hing Company Petormance Ropar GHP Raton eration Cort Feerat Rescwe System sion of SantingSopewson ans eguton ° SF 9S a ah ah FSP Ke wy 100% 90%
Slide 19: Building value at Banner
Building value at Banner Core banking competency Growing revenue Protecting net interest margin Spending carefully Maintaining a moderate risk profile Employing capital wisely a moderate risk profile prise risk Minimize nonperforming assets Maintain appropriate loan loss reserve Maintain appropriate
Slide 20: Minimize nonperforming assets
Maintaining a moderate risk profile <a Minimize nonperforming assets NPL: Peeing “Amount ofTA “Arount %ofTA” 06/509 § 18M 02% § Su 005% 12/51/09 S2idm 553% § 78m 2.01% 40% 7 ‘tutte Total Loans 35x) — Banner sm Pee Top Ouse ase] 10% | * nosso menacing ergo ourogel hare eo. otalionne was £38 osx Si Sp
Slide 21: Maintain appropriate risk capital
Maintaining a moderate risk profile a Maintain appropriate risk capital 20% Quarter Tier Ending Leverage TCE/TA 06/30/19 5% 5% Tier 1 Leverage Ratio 12/31/09 9.62% 5.87% TCE! Tangible Assets Total Capital s 2 FoF go 9 9 oF 9 oF oF o> 9! “SP88 PSP® (108 an over Sans Hing Company HetsmanceRopan Chay N
Slide 22: Building value at Banner
Building value at Banner Core banking competency Growing revenue Protecting net interest margin Spending carefully Maintaining a moderate risk profile Employing capital wisely capital wisely Maintain premium to tangible book value Pay appropriate dividends Prepare for future opportunities
Slide 23: Maintain premium to tangible book value
Maintain premium to tangible book value Maintain favor Tavanders, $5.00 $75 Quarter Sto Price) &FS 98 ™ Gray bret rev H66/ ttm_e Qs/S0n9 $5404 $3536 162% $435 24x 06/50/10 $1507 $2908 6 nm «§ 4.00 $60 — Tongibte BV per share 20% $3.00 $45 19% $2.00 $30 10% erie conte $1.00 $15 ose S88 Ps > 49 049, 2
Slide 24: Building value at Banner
Building value at Banner Building value for ... Shareholders by delivering top quartile financial Clients by delivering super community bank service and products Employees by offering opportunity and reward Communities by providing capital and staying involved