Banner Q4 net income $42.6M ($1.24 EPS), down 22% YoY; declares $0.48 dividend

BANNER CORP

2023-FY EPS reported $5.33

Net income $42.6M vs $54.4M Q4 2022; diluted EPS $1.24 vs $1.58.
Net interest income $138.4M, down from $159.1M a year ago; NIM 3.83% vs 4.23%.
Loans grew 2% QoQ to $10.66B; deposits fell to $13.03B from $13.17B.
Non-performing assets $30.1M (0.19% of assets), up from $23.4M (0.15%) a year ago.
Quarterly cash dividend of $0.48/share payable Feb 16, 2024, record Feb 7.

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 0.95

BANNER CORP reported the full year of 2023 results: net income $183.6 million, EPS $5.33 per diluted share.

Period: the full year of 2023
Net income: $183.6 million
EPS: $5.33 per diluted share
Result: reported results

Exact text from the filing

Earns $183.6 Million in Net Income, or $5.33 Per Diluted Share, for the Full Year of 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BANNER CORP reported the fourth quarter of 2023 results: net income $42.6 million, EPS $1.24 per diluted share.

Period: the fourth quarter of 2023
Net income: $42.6 million
EPS: $1.24 per diluted share
Result: reported results

Exact text from the filing

Banner Corporation Reports Net Income of $42.6 Million, or $1.24 Per Diluted Share, for Fourth Quarter 2023

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BANNER CORP filing history →

Source: SEC EDGAR

accession 0000946673-24-000003

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