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Sep 30, 2024
Banner Q3 2024 Earnings Report
Net income increased due to solid loan growth and expanded net interest margin, while credit metrics remained strong.
Key Takeaways
Banner Corporation reported a net income of $45.2 million, or $1.30 per diluted share, for the third quarter of 2024. The results reflect successful execution of their super community bank strategy, with strong credit metrics and a resilient core deposit base.
Net income was $45.2 million, or $1.30 per diluted share.
Net interest income reached $135.7 million.
Total deposits increased to $13.54 billion, with core deposits representing 89% of the total.
Non-performing assets were 0.28% of total assets.
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Banner Revenue by Geographic Location
Forward Guidance
Banner Corporation did not provide specific forward guidance in this earnings report.