Banner Corp. (BANR) Declares $0.41 Quarterly Dividend; 3.3% Yield

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Go back to Banner Corp. (BANR) Declares $0.41 Quarterly Dividend; 3.3% Yield

Banner Corporation Reports Net Income of $39.0 Million, or $1.10 Per Diluted Share, for Fourth Quarter 2020; Earns $115.9 Million, or $3.26 Per Diluted Share, in 2020; Declares Quarterly Cash Dividend

January 21, 2021 4:00 PM EST

WALLA WALLA, Wash., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (Banner), the parent company of Banner Bank and Islanders Bank, today reported net income of $39.0 million, or $1.10 per diluted share, for the fourth quarter 2020, a 7% increase compared to $36.5 million, or $1.03 per diluted share, in the preceding quarter and a 16% increase compared to $33.7 million, or $0.95 per diluted share, in the fourth quarter of 2019. Net income for 2020 was $115.9 million, or $3.26 per diluted share, compared to $146.3 million, or $4.18 per diluted share for 2019. Full year 2020 results include $64.3 million in provision for credit losses primarily resulting... More