Banner Corp. ( (BANR) ) has released its Q2 earnings. Here is a breakdown of the information Banner Corp. presented to its investors.
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Banner Corporation, a bank holding company based in Walla Walla, Washington, operates Banner Bank across four Western states, offering a comprehensive range of financial services including deposits and various loan types. In its latest earnings report for the second quarter of 2025, Banner Corporation announced a net income of $45.5 million, or $1.31 per diluted share, reflecting a slight increase from the previous quarter and a significant rise from the same quarter in 2024. The company also declared a quarterly cash dividend of $0.48 per share, underscoring its commitment to returning value to shareholders.
Key financial metrics highlighted in the report include a net interest income of $144.4 million, up from both the previous quarter and the same period last year, driven by higher yields and an increased average balance of interest-earning assets. The company reported a net interest margin of 3.92%, consistent with the previous quarter but showing improvement from the prior year. Additionally, Banner’s total assets grew to $16.44 billion, with net loans receivable increasing to $11.53 billion, reflecting a 2% growth from the preceding quarter.
The earnings report also noted a provision for credit losses of $4.8 million, an increase from both the previous quarter and the same quarter in 2024, indicating a cautious approach to potential credit risks. Non-performing assets rose to $49.8 million, representing 0.30% of total assets, while the allowance for credit losses stood at $160.5 million, maintaining a solid coverage ratio. Despite these challenges, Banner’s core deposits remained strong, comprising 89% of total deposits.
Looking ahead, Banner Corporation’s management remains optimistic about the company’s strategic position, citing strong credit metrics, a robust capital base, and a solid core deposit foundation as key strengths. The company’s ongoing investments in strategic initiatives are expected to support long-term growth and operational efficiency, positioning Banner well for future success in the evolving financial landscape.