Banner Corporation Reports Net Income of $46.9 Million, or $1.33 Per Diluted Share, for First Quarter 2021; Declares Quarterly Cash Dividend of $0.41 Per Share
Banner Corporation (BANR)
Last banner corporation earnings: 4/27 04:00 pm
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US:NASDAQ Investor Relations:
investor.bannerbank.com
Company Research
Source: GlobeNewswire
WALLA WALLA, Wash., April 21, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $46.9 million, or $1.33 per diluted share, for the first quarter of 2021, a 20% increase compared to $39.0 million, or $1.10 per diluted share, for the preceding quarter and a 178% increase compared to $16.9 million, or $0.47 per diluted share, for the first quarter of 2020. Banner’s first quarter 2021 results include $8.0 million in recapture of provision for credit losses, compared to $21.7 million in provision for credit losses in the first quarter of 2020. The first quarter 2020 provision for credit losses was primarily the result of the impact of the COVID-19 pandemic. First quarter 2021 results also include $571,000 of merger and acquisition-related expenses, compared to $579,000 for the preceding quarter, and $1.1 million of merger and acquisition-related expenses for the first quarter of 2020. Banner announc
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BANR
News
- Banner Co. (NASDAQ: BANR) had its price target lowered by analysts at Piper Sandler from $54.00 to $51.00. They now have an "overweight" rating on the stock.MarketBeat
- Banner Co. (NASDAQ: BANR) had its price target lowered by analysts at DA Davidson from $50.00 to $47.00. They now have a "neutral" rating on the stock.MarketBeat
- Banner Co. (NASDAQ: BANR) had its price target lowered by analysts at Stephens from $54.00 to $53.00. They now have an "overweight" rating on the stock.MarketBeat
- Banner Corporation (NASDAQ:BANR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Banner (BANR) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
BANR
Earnings
- 4/17/24 - Beat
BANR
Sec Filings
- 4/17/24 - Form 8-K
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- BANR's page on the SEC website