Banner Corp. in Walla Walla, Wash., has lowered its fourth-quarter profit due to an adjustment to the its provision for income taxes.
The $4.7 billion-asset company lowered its earnings by $482,000, to $11.7 million, or 60 cents a share.
With the revisions, the company's profit was flat from a year earlier, when it earned $11.6 million.
Banner said in a press release Monday that its original fourth-quarter release, released Jan. 21, incorrectly calculated certain non-deductible, merger-related expenses.
The company in November agreed to buy the $4.1 billion-asset AmericanWest in Spokane, Wash.