Business
Banner Corporation Reports Net Income of $51.2 Million, or $1.49 Per Diluted Share, for Fourth Quarter 2025; Earns $195.4 Million in Net Income, or $5.64 Per Diluted Share, for the Full Year of 2025
Declares Quarterly Cash Dividend of $0.50 Per Share WALLA WALLA, Wash.--(BUSINESS WIRE)-- Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of
About this update from Banner Corporation
[{"type":"text","content":"\nDeclares Quarterly Cash Dividend of $0.50 Per Share\n\n\n WALLA WALLA, Wash.--(BUSINESS WIRE)--\nBanner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $51.2 million, or $1.49 per diluted share, for the fourth quarter of 2025, compared to $53.5 million, or $1.54 per diluted share, for the preceding quarter and $46.4 million, or $1.34 per diluted share, for the fourth quarter of 2024. Net interest income was $152.4 million for the fourth quarter of 2025, compared to $150.0 million in the preceding quarter and $140.5 million for the fourth quarter a year ago. The increase in net interest income compared to both the preceding quarter and the prior year quarter primarily reflects a decrease in overall funding costs and an increase in the average balance of interest-earning assets. The increase compared to the prior year quarter also reflects an increase in the average yield of interest-earning assets. Fourth quarter 2025 results included a $2.4 million provision for credit losses, compared to $2.7 million in the preceding quarter and $3.0 million in the fourth quarter of 2024. Net income was $195.4 million, or $5.64 per diluted share, for the year ended December 31, 2025, compared to net income of $168.9 million, or $4.88 per diluted share, for the year ended December 31, 2024. Banner’s results for the year ended December 31, 2025 include a $13.0 million provision for credit losses, a $374,000 net gain on the sale of securities and a $1.4 million net decrease in the fair value adjustments on financial instruments carried at fair value, compared to a $7.6 million provision for credit losses, a $5.2 million net loss on the sale of securities and a $1.0 million net decrease in the fair value adjustments on financial instruments carried at fair value during the same period in 2024.\n\n\nBanner announced that its Board of Directors declared a regular quarterly cash dividend of $0.50 per share payable February 13, 2026, to common shareholders of record on February 3, 2026.\n\n\n“Banner’s fourth quarter performance reaffirms the value of our super community bank strategy, which focuses on building client relationships, preserving a strong funding base, and delivering exceptional service while sustaining a moderate risk profile,” said Mark Grescovich, President and CEO. “Our earnings ...