Banner Corporation Reports First Quarter Earnings of $16.9 million; Initiates Pandemic Relief and Community Support Actions

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Go back to Banner Corporation Reports First Quarter Earnings of $16.9 million; Initiates Pandemic Relief and Community Support Actions

Banner Corp. (BANR) Misses Q1 EPS by 24c

April 27, 2020 4:04 PM EDT

Banner Corp. (NASDAQ: BANR) reported Q1 EPS of $0.47, $0.24 worse than the analyst estimate of $0.71.

Banner's first quarter earnings reflect the impact of the COVID-19 pandemic resulting in a substantial reduction in business activity or the closing of businesses in all the western states Banner operates.

First quarter of 2020 results also include $1.1 million of acquisition-related expenses, compared to $4.4 million of acquisition-related expenses in the preceding quarter and $2.1 million in the first quarter of 2019.

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