Keefe, Bruyette & Woods Downgrades Banner Corporation (BANR) to Market Perform
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Banner Corporation Earns $12.9 Million, or $0.62 Per Diluted Share, in Third Quarter 2015; Highlighted by Increased Revenues and Double Digit Year-over-Year Loan and Deposit Growth
October 21, 2015 4:00 PM EDTWALLA WALLA, Wash., Oct. 21, 2015 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the third quarter of 2015 of $12.9 million, or $0.62 per diluted share, compared to $13.2 million, or $0.64 per diluted share, in the preceding quarter and $14.8 million, or $0.76 per diluted share, in the third quarter a year ago. The current quarter results were impacted by $2.2 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 $3.9 million of acquisition-related... More
