Banner Q1 net income beat expectations dividend rises 4%

Banner

22/04/2026 21:17

Overview

U.S. regional bank's Q1 net income and EPS beat analyst expectations

Q1 revenue rose 6% yr/yr; net interest income also increased from prior year

Company raised quarterly dividend by 4% to $0.52 per share

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

NET INTEREST MARGIN - Margin expanded to 4.11%, driven by lower funding costs, which offset fewer calendar days and a slight decrease in average earning assets

NON-INTEREST INCOME - Increase from prior quarter was mainly due to favorable fair value adjustments on financial instruments, partly offset by a net loss on securities sales

CREDIT LOSS PROVISION - Q1 included a $796,000 recapture of provision for credit losses, compared to provisions in prior periods, reflecting stable credit quality

Company press release: ID:nBw3kBWzna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Revenue
$168.91 mln
Q1 EPS
Beat
$1.60
$1.37 (6 Analysts)
Q1 Net Income
Beat
$54.72 mln
$46.95 mln (5 Analysts)
Q1 Net Interest Income
$150.17 mln
Q1 Credit Loss Provision
-$796,000
Q1 Dividend
$0.52


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Banner Corp is $71.00, about 11.2% above its April 21 closing price of $63.84

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)