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

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

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

April 27, 2020 4:00 PM EDT

WALLA WALLA, Wash., April 27, 2020 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) ("Banner"), the parent company of Banner Bank and Islanders Bank, today reported net income of $16.9 million, or $0.47 per diluted share, for the first quarter 2020, compared to $33.7 million, or $0.95 per diluted share, in the preceding quarter and $33.3 million, or $0.95 per diluted share, in the first quarter of 2019.  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... More