Banner Corporation Raises Quarterly Dividend 4% to $0.52 Per Share
Banner Corporation (NASDAQ: BANR), the parent company of Banner Bank, declared a quarterly cash dividend of $0.52 per share, a 4% increase from the previous $0.50. The dividend is payable May 15 to shareholders of record as of May 5.
Banner Corporation (NASDAQ: BANR), the parent company of Banner Bank, declared a quarterly cash dividend of $0.52 per share, representing a 4% increase from the previous dividend of $0.50 per share. The dividend is payable May 15, 2026 to shareholders of record as of the close of business on May 5, 2026. Read more dividend announcements.
The Walla Walla, Washington-based bank holding company announced the dividend increase on April 22, 2026, alongside its first quarter earnings report.
| Dividend Details | Information |
|---|---|
| Amount | $0.52 per share |
| Previous Amount | $0.50 per share |
| Increase | 4% |
| Record Date | May 5, 2026 |
| Payment Date | May 15, 2026 |
| Frequency | Quarterly |
First Quarter Financial Performance
Banner reported net income of $54.7 million, or $1.60 per diluted share, for the first quarter of 2026. This compared to $51.2 million, or $1.49 per diluted share, in the preceding quarter and $45.1 million, or $1.30 per diluted share, in the first quarter of 2025.
Net interest income reached $150.2 million for the first quarter, down slightly from $152.4 million in the preceding quarter but up from $141.1 million a year earlier. Net interest margin expanded eight basis points to 4.11%, driven by continued reductions in funding costs.
The company recorded a $796,000 recapture of provision for credit losses in the first quarter, compared to a $2.4 million provision in the preceding quarter and a $3.1 million provision in the first quarter of 2025.