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.

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