Banner Q2 2021 Earnings Report
Key Takeaways
Banner Corporation reported a net income of $54.4 million, or $1.56 per diluted share, for the second quarter of 2021, a 16% increase compared to the preceding quarter and a 131% increase compared to the second quarter of 2020. The results include $10.3 million in recapture of provision for credit losses.
Revenues increased 6% to $149.9 million compared to the preceding quarter, and increased 2% compared to the second quarter a year ago.
Net interest income, before the recapture of provision for credit losses, increased to $127.6 million.
Net interest margin on a tax equivalent basis was 3.52%.
Non-performing assets decreased to $31.5 million, or 0.19% of total assets.
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Banner Revenue by Geographic Location
Forward Guidance
This document does not contain forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income