earnings
confidence high
sentiment positive
materiality 0.78
Banner Corp Q2 net income $54.4M ($1.56 EPS), up 131% YoY; declares $0.41 dividend
BANNER CORP
2021-Q2 EPS reported
$2.88
revenue$18,697,000
- Net income $54.4M vs $23.5M a year ago; diluted EPS $1.56 vs $0.67.
- Recorded $10.3M recapture of credit loss provision; prior year had $28.6M provision.
- Net interest income $127.6M, NIM 3.52%; mortgage banking revenue fell 35% to $7.5M.
- Non-performing assets fell to $31.5M (0.19% of assets); core deposits up 16% YoY.
- Board declared $0.41/share quarterly dividend, payable Aug 13 to holders of record Aug 3.