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Mar 31
Banner Q1 2025 Earnings Report
Banner reported strong Q1 results with stable earnings and solid loan growth.
Key Takeaways
Banner Corporation posted a net income of $45.1 million for Q1 2025, driven by a higher net interest margin, steady deposit levels, and continued loan portfolio growth. EPS reached $1.30, with adjusted EPS slightly lower at $1.29.
Net income was $45.1 million, supported by improved interest margins and strong loan performance.
Revenue held steady at $160.2 million, slightly down from the previous quarter but up year-over-year.
Total deposits grew to $13.59 billion with 89% categorized as core deposits.
Net loans receivable reached $11.28 billion, reflecting solid commercial and construction lending activity.
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
Banner expects continued strength from core deposits and loan growth, though economic uncertainty and credit risk remain under watch.
Positive Outlook
- Strong core deposit base representing 89% of total deposits
- Improved loan yields and interest margin expansion
- Well-capitalized with CET1 ratio at 12.60%
- Steady loan growth across commercial and construction segments
- Low cost of funding and deposit stability
Challenges Ahead
- Increased non-interest expense impacting efficiency
- Lower non-interest income, including mortgage banking
- Economic uncertainty necessitating elevated credit provisions
- Slight decrease in average interest-earning asset balances
- Subtle rise in non-performing assets and loans