Banner Corp. (BANR) Tops Q3 EPS by 3c

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Go back to Banner Corp. (BANR) Tops Q3 EPS by 3c

Banner Corporation Reports Net Income of $49.1 Million, or $1.43 Per Diluted Share, for Third Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

October 19, 2022 4:00 PM EDT

WALLA WALLA, Wash., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (Banner), the parent company of Banner Bank, today reported net income of $49.1 million, or $1.43 per diluted share, for the third quarter of 2022, a 2% increase compared to $48.0 million, or $1.39 per diluted share, for the preceding quarter and a 2% decrease compared to $49.9 million, or $1.44 per diluted share, for the third quarter of 2021. Banners third quarter 2022 results include $6.1 million of provision for credit losses, compared to $4.5 million of provision for credit losses in the preceding quarter and $8.6 million in recapture of provision... More