Strong Net Profit Growth
Banner Corporation reported a net profit available to common shareholders of $45.1 million or $1.30 per diluted share for Q1 2025, compared to $1.09 per share for Q1 2024.
Core Earnings and Revenue Increase
Core earnings were $59 million in Q1 2025, up from $53 million in Q1 2024. Revenue from core operations was $160 million, an increase from $150 million in Q1 2024.
Recognition and Awards
Banner was named one of America's 100 Best Banks and one of the best banks in the world by Forbes, among other accolades.
Growth in Deposits and Loans
Core deposits increased by 3%, and loans grew by 5% year-over-year. Core deposits represent 89% of total deposits.
Improved Net Interest Margin
Net interest margin increased to 3.92% due to a rise in loan yields and a decrease in funding costs.