Banner Corp. (BANR) Declares $0.44 Quarterly Dividend; 3% Yield

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Go back to Banner Corp. (BANR) Declares $0.44 Quarterly Dividend; 3% Yield

Banner Corporation Reports Net Income of $44.0 Million, or $1.27 Per Diluted Share, for First Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

April 20, 2022 4:00 PM EDT

WALLA WALLA, Wash., April 20, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (Banner), the parent company of Banner Bank, today reported net income of $44.0 million, or $1.27 per diluted share, for the first quarter of 2022, a 12% decrease compared to $49.9 million, or $1.44 per diluted share, for the preceding quarter and a 6% decrease compared to $46.9 million, or $1.33 per diluted share, for the first quarter of 2021. Banners first quarter 2022 results include $7.0 million in recapture of provision for credit losses, compared to $5.2 million in recapture of provision for credit losses in the preceding quarter and $9.3... More