Quarterly ResultMay 5, 2026, 04:42 PM
Banner Corp Q1 Net Income $54.7M, EPS $1.61; Net Interest Income Up 6.4%
AI Summary
Banner Corp reported strong financial results for the first quarter of 2026, with net income increasing by over 21% to $54.7 million and basic EPS rising to $1.61. Net interest income also saw a healthy increase of 6.44% year-over-year. The company benefited from a recapture of provision for credit losses and increased its quarterly dividend to $0.50 per share, while also engaging in share repurchases.
Key Highlights
- Net income increased 21.23% to $54.7 million for the three months ended March 31, 2026.
- Basic earnings per share rose 22.90% to $1.61 for the first quarter of 2026.
- Net interest income grew 6.44% to $150.2 million in Q1 2026 compared to Q1 2025.
- The company reported a recapture of provision for credit losses of $0.8 million.
- Total deposits increased to $13.84 billion at March 31, 2026, from $13.74 billion at December 31, 2025.
- Total assets were $16.34 billion at March 31, 2026, a slight decrease from $16.35 billion.
- A quarterly dividend of $0.50 per common share was declared, up from $0.48 in the prior year.
- The company repurchased common stock worth $16.1 million during the quarter.
Price Impact
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