Banner Corp. (BANR) Tops Q1 EPS by 28c

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Go back to Banner Corp. (BANR) Tops Q1 EPS by 28c

Banner Corporation Reports Net Income of $46.9 Million, or $1.33 Per Diluted Share, for First Quarter 2021; Declares Quarterly Cash Dividend of $0.41 Per Share

April 21, 2021 4:00 PM EDT

WALLA WALLA, Wash., April 21, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (Banner), the parent company of Banner Bank, today reported net income of $46.9 million, or $1.33 per diluted share, for the first quarter of 2021, a 20% increase compared to $39.0 million, or $1.10 per diluted share, for the preceding quarter and a 178% increase compared to $16.9 million, or $0.47 per diluted share, for the first quarter of 2020. Banners first quarter 2021 results include $8.0 million in recapture of provision for credit losses, compared to $21.7 million in provision for credit losses in the first quarter of 2020. The first quarter 2020... More