Dec 31, 2019

Banner Q4 2019 Earnings Report

Reported record net income and completed AltaPacific Bancorp acquisition.

Key Takeaways

Banner Corporation reported a net income of $33.7 million, or $0.95 per diluted share, for Q4 2019. Revenues increased 2% to $139.8 million. The quarter included $4.4 million in acquisition-related expenses.

Revenues increased 2% to $139.8 million.

Net interest income was $119.5 million.

Core deposits increased 5% to $8.93 billion.

Completed the acquisition of AltaPacific Bancorp.

Total Revenue
$140M
Previous year: $138M
+0.9%
EPS
$1.07
Previous year: $1.09
-1.8%
Net Interest Margin
4.2%
Previous year: 4.47%
-6.0%
Return on Avg. Assets
1.07%
Efficiency Ratio
67.03%
Cash and Equivalents
$308M
Previous year: $272M
+13.1%
Free Cash Flow
$72.4M
Previous year: -$65.5M
-210.5%
Total Assets
$12.6B
Previous year: $11.9B
+6.2%

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Banner Revenue by Segment

Banner Revenue by Geographic Location