Banner Corporation Reports Net Income of $37.6 Million, or $1.09 Per Diluted Share, for First Quarter 2024; Declares Quarterly Cash Dividend of $0.48 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
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Source: Business Wire
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ:BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $37.6 million, or $1.09 per diluted share, for the first quarter of 2024, compared to $42.6 million, or $1.24 per diluted share, for the preceding quarter and $55.6 million, or $1.61 per diluted share, for the first quarter of 2023. Net interest income was $133.0 million in the first quarter of 2024, compared to $138.4 million in the preceding quarter and $153.3 million in the first quarter a year ago. The decrease in net interest income compared to the preceding quarter and prior year quarter reflects an increase in funding costs, partially offset by an increase in yields on earning assets. Banner’s first quarter 2024 results included a $4.9 million net loss on the sale of securities, compared to a $4.8 million net loss on the sale of securities in the preceding quarter and a $7.3 million net loss on the sale of securities in the first
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News
- Affirmed Housing and MTS Celebrate Completion of New Transit-Oriented Development [Yahoo! Finance]Yahoo! Finance
- 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
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