Jun 30, 2020

Banner Q2 2020 Earnings Report

Net income of $23.5 million, or $0.67 per diluted share, was reported for the second quarter 2020.

Key Takeaways

Banner Corporation reported net income of $23.5 million, or $0.67 per diluted share, for the second quarter 2020. Revenues increased to $147.3 million. Net loans receivable increased to $10.13 billion and total deposits increased to $12.02 billion at June 30, 2020.

Revenues increased to $147.3 million.

Net interest income was $119.5 million.

Net loans receivable increased to $10.13 billion.

Total deposits increased to $12.02 billion.

Total Revenue
$147M
Previous year: $139M
+5.7%
EPS
$0.67
Previous year: $1.15
-41.7%
Efficiency Ratio
60.85%
Total Deposits
$12B
Cash and Equivalents
$420M
Previous year: $247M
+70.2%
Free Cash Flow
-$40.5M
Previous year: -$84.6M
-52.1%
Total Assets
$14.4B
Previous year: $11.8B
+21.6%

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Banner Revenue by Segment

Banner Revenue by Geographic Location

Forward Guidance

Banner Corporation did not provide specific forward guidance in this earnings report.