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Mar 31, 2024
Banner Q1 2024 Earnings Report
Banner's financial performance reflected a moderate risk profile and strong relationship banking.
Key Takeaways
Banner Corporation reported a net income of $37.6 million, or $1.09 per diluted share, for the first quarter of 2024. The results benefited from higher yields on interest-earning assets, although the high interest rate environment impacted net interest margin.
Revenues were $144.6 million for the first quarter of 2024.
Net interest income was $133.0 million in the first quarter of 2024.
Net loans receivable increased 1% to $10.72 billion at March 31, 2024.
Total deposits increased to $13.16 billion at March 31, 2024, with core deposits representing 89% of total deposits.
Banner
Banner
Banner Revenue by Segment
Banner Revenue by Geographic Location
Revenue by Segment
Mortgage banking ops Revenue
CapyFin.comDeposit & service fees Revenue
CapyFin.comRevenue by Geographic Location
Washington loans Revenue
CapyFin.comCalifornia loans Revenue
CapyFin.comOregon loans Revenue
CapyFin.comIdaho loans Revenue
CapyFin.comUtah loans Revenue
CapyFin.comOther regions Revenue
CapyFin.com Forward Guidance
The document does not contain explicit forward guidance. Therefore, forward guidance details are not available.