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AI brief of an SEC Form 8-K · Banner (BANR)

Banner Corp earns $39.8 million, $1.15 per diluted share for Q2 2024

Mixed Impact 3 of 5 earnings Written later

Banner Corporation reported second quarter 2024 net income of $39.8 million, or $1.15 per diluted share, up from $37.6 million, or $1.09 per share, in the first quarter but flat with $1.15 per share a year earlier. Revenue rose to $149.7 million from $144.6 million in the prior quarter, while net interest income fell to $132.5 million and net interest margin narrowed to 3.70% from 4.00% a year ago, which matters to shareholders because it shows core lending income under pressure from higher funding costs.

Key points

  • Q2 2024 net income $39.8 million, or $1.15 per diluted share, versus $37.6 million, or $1.09, in Q1 2024 and $39.6 million, or $1.15, in Q2 2023
  • Revenue $149.7 million, up from $144.6 million in Q1 2024 but down from $150.9 million in Q2 2023
  • Net interest margin 3.70%, compared with 3.74% in Q1 2024 and 4.00% in Q2 2023
  • Board declared a regular quarterly cash dividend of $0.48 per share, payable August 16, 2024, to holders of record on August 6, 2024

The filing

CompanyBanner (BANR)
Form8-K, current report
Filed with the SECJul 17, 2024, 4:20 PM ET
Accession number0000946673-24-000019

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.