Banner Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2019; Provides Net Charge Offs for the Quarter Ended December 31, 2019
January 23, 2020 at 09:00 pm
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Banner Corporation announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 119.491 million compared to USD 117.459 million a year ago. Net income was USD 33.655 million compared to USD 37.528 million a year ago. Basic earnings per share was USD 0.96 compared to USD 1.1 a year ago. Diluted earnings per share was USD 0.95 compared to USD 1.09 a year ago. For the full year, net interest income was USD 468.911 million compared to USD 430.973 million a year ago. Net income was USD 146.278 million compared to USD 136.515 million a year ago. Basic earnings per share was USD 4.2 compared to USD 4.16 a year ago. Diluted earnings per share was USD 4.18 compared to USD 4.15 a year ago.
For the quarter, the company reported net charge offs of USD 1,242,000 as compared to USD 1,278,000 for the same period last year.
Banner Corporation is a bank holding company for Banner Bank (the Bank). The Bank is a chartered commercial bank in the State of Washington. The Bank is a regional bank that offers a variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. The Banks primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. The Bank is also a participant in secondary loan markets, engaging in mortgage banking operations, through the origination and sale of one- to four-family and multifamily residential loans. Its lending activities include commercial business and commercial real estate loans, agriculture business loans, construction and land development loans, one- to four-family and multifamily residential loans, United States small business administration (SBA) loans and consumer loans.
Banner Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2019; Provides Net Charge Offs for the Quarter Ended December 31, 2019
BANNER CORPORATION 
