Banner Corporation Q1 EPS $1.59 on $169.3M Revenue, Dividend Raised 4%
Banner Corporation reported first-quarter earnings of $1.59 per share on revenue of $169.33 million, topping consensus for the fourth straight quarter and driving net income up to $54.70 million. The board raised its quarterly dividend 4% to $0.52 per share while Piper Sandler lifted its price target to $67.
1. Q1 Financial Performance
Banner reported first-quarter EPS of $1.59 and revenue of $169.33 million, surpassing consensus for the fourth consecutive quarter. Net income rose to $54.70 million from $45.10 million a year earlier, underscoring consistent profit growth.
2. Analyst Outlook
Piper Sandler maintained a neutral rating on Banner while raising its price target to $67 from $63, reflecting confidence in the company’s continued earnings momentum and financial stability.
3. Dividend Increase
Banner’s board approved a 4% increase in the quarterly cash dividend to $0.52 per share, demonstrating ongoing commitment to shareholder returns and aligning with its record of consistent payouts.