Banner Corporation (BANR)

Banner Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	640.54	577.89	450.92	445.73	466.36	471.47
Interest Income on Investments	112.87	123.68	121.65	74.77	52.79	54.21
Total Interest Income	753.41	701.57	572.57	520.5	519.15	525.69
Interest Paid on Deposits	186.59	100.13	10.12	11.77	25.02	37.63
Interest Paid on Borrowings	27.23	25.44	9.27	11.84	12.83	19.14
Total Interest Expense	213.82	125.57	19.39	23.61	37.85	56.77
Net Interest Income	539.59	576.01	553.18	496.89	481.3	468.92
Net Interest Income Growth (YoY)	-9.57%	4.13%	11.33%	3.24%	2.64%	8.80%
Mortgage Banking Activities	13.91	11.82	10.83	33.95	51.08	22.22
Gain (Loss) on Sale of Assets	-	-	7.8	-	-	-
Gain (Loss) on Sale of Investments	-10.27	-19.24	-3.25	0.48	1.01	0.03
Other Non-Interest Income	15.35	10.2	15.41	22.49	12.14	13.06
Total Non-Interest Income	60.91	44.41	75.26	96.42	98.62	81.94
Non-Interest Income Growth (YoY)	40.25%	-40.99%	-21.95%	-2.23%	20.35%	-2.44%
Revenues Before Loan Losses	600.49	620.41	628.43	593.31	579.92	550.86
Provision for Loan Losses	7.1	10.79	10.36	-33.39	67.88	10
Revenue	593.39	609.63	618.07	626.7	512.04	540.86
Revenue Growth (YoY)	-5.08%	-1.37%	-1.38%	22.39%	-5.33%	6.79%
Salaries and Employee Benefits	238.97	235.39	233.4	235.09	236.23	219.27
Occupancy Expenses	34.07	33.12	34.18	33.53	34.1	35.2
Federal Deposit Insurance	11.47	10.53	6.65	5.58	6.52	2.84
Amortization of Goodwill & Intangibles	2.9	3.76	5.28	6.57	7.73	8.15
Selling, General & Administrative	64.95	67	70.66	81.25	71.33	64.36
Other Non-Interest Expense	34.77	31.94	21.15	3.12	8.31	20.06
Total Non-Interest Expense	387.35	381.2	371.21	365.12	364.03	350.18
EBT Excluding Unusual Items	206.04	228.42	246.86	261.58	148.02	190.68
Other Unusual Items	-	-	-0.79	-2.72	-3.5	-
Pretax Income	204.71	227.09	240.78	246.59	142.45	183.13
Income Tax Expense	39.58	43.46	45.4	45.55	26.53	36.85
Net Income	165.13	183.62	195.38	201.05	115.93	146.28
Net Income to Common	165.13	183.62	195.38	201.05	115.93	146.28
Net Income Growth	-15.48%	-6.02%	-2.82%	73.42%	-20.75%	7.15%
Basic Shares Outstanding	34	34	34	35	35	35
Diluted Shares Outstanding	35	34	34	35	36	35
Shares Change (YoY)	0.40%	-0.03%	-1.32%	-1.72%	1.60%	6.30%
EPS (Basic)	4.79	5.35	5.70	5.81	3.29	4.20
EPS (Diluted)	4.78	5.33	5.67	5.76	3.26	4.18
EPS Growth	-15.70%	-6.00%	-1.56%	76.69%	-22.01%	0.72%
Dividend Per Share	1.920	1.920	1.760	1.640	1.230	1.640
Dividend Growth	2.13%	9.09%	7.32%	33.33%	-25.00%	12.33%
Effective Tax Rate	19.33%	19.14%	18.85%	18.47%	18.62%	20.12%

Source: S&P Capital IQ. Banks template. Financial Sources.