Banner Corp. (BANR) Tops Q2 EPS by 13c

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Go back to Banner Corp. (BANR) Tops Q2 EPS by 13c

Banner Corporation Reports Net Income of $48.0 Million, or $1.39 Per Diluted Share, for Second Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

July 20, 2022 4:00 PM EDT

WALLA WALLA, Wash., July 20, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (Banner), the parent company of Banner Bank, today reported net income of $48.0 million, or $1.39 per diluted share, for the second quarter of 2022, a 9% increase compared to $44.0 million, or $1.27 per diluted share, for the preceding quarter and a 12% decrease compared to $54.4 million, or $1.56 per diluted share, for the second quarter of 2021. Banners second quarter 2022 results include $4.5 million of provision for credit losses, compared to $7.0 million in recapture of provision for credit losses in the preceding quarter and $10.3 million in recapture of provision... More