Banner Corporation Reports Net Income of $48.0 Million, or $1.39 Per Diluted Share, for Second Quarter 2022; Declares Quarterly Cash Dividend of $0.44 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., July 20, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $48.0 million, or $1.39 per diluted share, for the second quarter of 2022, a 9% increase compared to $44.0 million, or $1.27 per diluted share, for the preceding quarter and a 12% decrease compared to $54.4 million, or $1.56 per diluted share, for the second quarter of 2021. Banner’s second quarter 2022 results include $4.5 million of provision for credit losses, compared to $7.0 million in recapture of provision for credit losses in the preceding quarter and $10.3 million in recapture of provision for credit losses in the second quarter of 2021. In addition, during the second quarter of 2022 Banner recognized a $7.8 million gain related to the recently completed branch sale. In the first six months of 2022, net income was $91.9 million, or $2.66 per diluted share, compared to net income of $101.2 million, or $2.88
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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