Banner Corporation Reports Q1 2025 Earnings, Exceeds Expectations

Banner Corporation reported strong financial results for the first quarter of 2025, with net income of $45.1 million and revenue of $160.2 million, both surpassing analyst expectations. Earnings per share were $1.30, exceeding the consensus estimate, driven by solid year-over-year loan growth and net interest margin expansion, which rose to 3.92%. The company maintained robust credit quality, with non-performing assets at 0.26% of total assets and a solid capital position. While lower non-interest income and higher expenses offset some gains, Banner's core deposit base remained strong, accounting for 89% of total deposits. The board declared a quarterly dividend of $0.48 per share, and analysts generally view Banner as maintaining an "Outperform" status due to its operational strength and growth prospects.