Banner Corporation (BANR) Tops Q1 EPS by 5c

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Go back to Banner Corporation (BANR) Tops Q1 EPS by 5c

Banner Corporation Earns $12.1 Million, or $0.61 Per Diluted Share, in First Quarter 2015; First Quarter Highlighted by Completed Acquisition of Siuslaw Financial Group, Inc.

April 20, 2015 4:00 PM EDT

WALLA WALLA, Wash., April 20, 2015 (GLOBE NEWSWIRE) -- Banner Corporation (Nasdaq: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the first quarter of 2015 was $12.1 million, or $0.61 per diluted share, compared to $10.6 million, or $0.54 per diluted share, for the first quarter a year ago. In the preceding quarter, net income was $11.7 million, or $0.60 per diluted share. The current quarter results were impacted by $1.6 million of acquisition-related expenses which, net of taxes, reduced net income by $0.07 per diluted share, and the preceding quarter results were impacted by $2.8 million of... More