NASDAQ$BANR

Banner Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Increased loan demand, strong deposit growth, and net income were reported.

Banner Corporation reported a net income of $54.4 million, or $1.56 per diluted share, for the second quarter of 2021, a 16% increase compared to the preceding quarter and a 131% increase compared to the second quarter of 2020. The results include $10.3 million in recapture of provision for credit losses.

  • Revenues increased 6% to $149.9 million compared to the preceding quarter, and increased 2% compared to the second quarter a year ago.
  • Net interest income, before the recapture of provision for credit losses, increased to $127.6 million.
  • Net interest margin on a tax equivalent basis was 3.52%.
  • Non-performing assets decreased to $31.5 million, or 0.19% of total assets.

Headline financials

Total Revenue

$128M

Previous: $119M+6.8%
EPS (adj)

$1.56

Previous: $0.67+132.8%
Net Interest Margin

3.5%

No prior period
Return on Avg Assets

1.4%

No prior period
Efficiency Ratio

61.8%

Previous: 60.9%+1.5%
Capital Expenditures

-$5.2M

Previous: -$6.79M+23.4%
Free Cash Flow

$49.2M

Previous: $16.8M+193.6%
Net Income

$54.4M

Previous: $23.5M+131.0%
Operating Income

$22.3M

Previous: $27.8M-19.8%
Gross Profit

$117M

Previous: $90.8M+29.1%
Cash & Equivalents

$1.47B

Previous: $420M+249.5%
Total Assets

$16.2B

Previous: $14.4B+12.3%
Stock-Based Comp

$2.5M

Previous: $2.48M+0.6%

Revenue & EPS history

Banner · Revenue · Quarterly

$128M

Q2 2021+6.8%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Banner · $2.05M total across 1 segment · Q3 2023

  • Mortgage banking
    $2.05M

Forward guidance

This document does not contain forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+11.5%

Q1 2020

Best reaction

-18.2%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%+5.9%+1.6%
Q4 2025+0.2%-7.1%-2.6%
Q3 2025-0.3%+0.7%-1.7%
Q2 2025-2.7%-2.1%+0.9%
Q1 2025+1.4%+2.7%+8.6%
Q4 2024+0.1%+1.2%-4.1%
Q3 2024+4.4%-0.6%+13.0%
Q2 2024+0.0%+1.1%-3.1%
Q1 2024+1.8%+5.2%+9.5%
Q4 2023-0.6%-0.9%-7.9%
Q3 2023-0.9%-6.6%+4.7%
Q2 2023-5.8%-7.1%-8.5%
Q1 2023-0.8%-4.6%-12.3%
Q4 2022+5.1%+3.3%+4.8%
Q3 2022-0.4%+0.4%+3.1%
Q2 2022+0.5%+1.0%+8.4%
Q1 2022+0.1%-1.4%-5.1%
Q4 2021-4.6%-1.9%-4.2%
Q3 2021+4.8%+6.3%+7.7%
Q2 2021+1.6%+3.1%+9.2%
Q1 2021+2.6%+7.5%+11.4%
Q4 2020+0.5%-5.0%-0.3%
Q3 2020+5.4%+6.0%+16.9%
Q2 2020+2.1%-2.8%-5.7%
Q1 2020+11.5%+12.1%+19.9%
Q4 2019-1.8%-3.3%-1.4%
Q3 2019-1.0%+1.5%-3.7%
Q2 2019+6.6%+7.3%-2.2%
Q1 2019-6.6%-2.9%-4.3%
Q4 2018-0.3%-3.3%+13.7%
Q3 2018+6.3%+6.8%+7.9%
Q2 2018+2.3%+1.3%+5.5%
Q1 2018+3.8%+3.7%+6.7%
Q4 2017-3.4%-5.1%-2.9%
Q3 2017-6.6%-9.0%-9.5%
Q2 2017+1.4%+0.4%-2.2%
Q1 2017+3.5%+0.7%-0.9%
Q4 2016+0.4%-2.2%+2.3%
Q3 2016-0.6%+0.3%+16.0%
Q2 2016-0.2%-3.2%+0.4%
Q1 2016-0.8%
Q4 2015-0.2%
Q3 2015-0.1%
Q2 2015+1.3%
Q1 2015-0.7%
Q4 2014+4.9%
Q3 2014+3.3%
Q2 2014+4.8%
Q1 2014+2.1%
Q4 2013-1.5%
Q3 2013+1.8%
Q2 2013-0.9%
Q1 2013+1.7%
Q1 2010+1.1%
Q4 2012-5.0%
Q3 2012-0.7%
Q2 2012-0.9%
Q1 2011+1.5%
Q1 2012+1.5%
Q4 2011+3.6%
Q4 2009+3.6%
Q4 2010+3.6%
Q3 2010-6.3%
Q3 2011-6.3%
Q2 2010-18.2%
Q2 2011-18.2%

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