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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
Forward Guidance
The document does not contain explicit forward guidance. Therefore, forward guidance details are not available.