Banner Corp Q3 net income $45.9M ($1.33 EPS), down 7% YoY; declares $0.48 dividend

BANNER CORP

2023-Q3 EPS reported $4.09

Net income of $45.9M ($1.33 diluted EPS) vs $49.1M ($1.43) in Q3 2022; up 16% from prior quarter.
Net interest income $141.8M, down 1% QoQ and 3% YoY; net interest margin (tax eq.) 3.93%.
Provision for credit losses $2.0M vs $6.8M in prior quarter and $6.1M in Q3 2022.
Core deposits 89% of total $13.17B deposits; uninsured deposits (excl. collateralized) 28%.
Quarterly cash dividend of $0.48 per share declared, payable Nov 13, 2023 to holders of record Nov 3.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BANNER CORP reported the third quarter of 2023 results: net income $45.9 million, EPS $1.33 per diluted share.

Period: the third quarter of 2023
Net income: $45.9 million
EPS: $1.33 per diluted share
Result: reported results

Exact text from the filing

Banner Corporation Reports Net Income of $45.9 Million, or $1.33 Per Diluted Share, for Third Quarter 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BANNER CORP reported the nine months ended September 30, 2023 results: net income $141.0 million, EPS $4.09 per diluted share.

Period: the nine months ended September 30, 2023
Net income: $141.0 million
EPS: $4.09 per diluted share
Result: reported results

Exact text from the filing

Net income was $141.0 million, or $4.09 per diluted share, for both the nine months ended September 30, 2023 and 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BANNER CORP reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 18, 2023, Banner Corporation issued its earnings release for the quarter ended September 30, 2023.

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BANNER CORP filing history →

Source: SEC EDGAR

accession 0000946673-23-000034

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