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Banner (Banner) Net Income : $183.6 Mil (TTM As of Dec. 2023)


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What is Banner Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Banner's Net Income for the three months ended in Dec. 2023 was $42.6 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $183.6 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Banner's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $1.24.


Banner Net Income Historical Data

The historical data trend for Banner's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Banner Net Income Chart

Banner Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.28 115.93 201.05 195.38 183.62

Banner Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.38 55.56 39.59 45.85 42.62

Banner Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Banner's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=227.087+-43.463+0+0
=183.6

Banner's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=53.318+-10.694+0+7.105427357601E-15
=42.6

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $183.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Banner  (NAS:BANR) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Banner's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Banner Net Income Related Terms

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Banner (Banner) Business Description

Traded in Other Exchanges
N/A
Address
10 South First Avenue, Walla Walla, WA, USA, 99362
Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. Banner Bank also actively participates in the secondary mortgage market. A significant portion of the banks' portfolio is in residential construction and land loans to professional home builders and developers. Most of its revenue is net interest income.
Executives
Mclean James P.g. officer: Executive Vice President 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Karen Harrison officer: Executive VP, Banner Bank 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Roberto R Herencia director P.O. BOX 9146, SAN JUAN PR 00908
John Clarence Pedersen director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Kevin F Riordan director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Robert Butterfield officer: Executive VP 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Kenneth William Johnson officer: Executive VP, Banner Bank 235 E. MAIN STREET, MIDLAND MI 48640
Margot Copeland director 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Paul J. Walsh director 10 S. FIRST AVENUE, WALLA WALLA WA 99362
David I Matson director C/O UNIONBANCAL CORP, 400 CALIFORNIA STREET, SAN FRANCISCO CA 94104
James M Costa officer: Executive VP, Banner Bank 200 LAKE STREET EAST, WAYZATA MN 55391-1693
Sherrey Luetjen officer: Executive VP 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Peter Conner officer: Executive VP, Banner Bank 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven W Rust officer: Executive Vice President 10 SOUTH 1ST AVENUE, WALLA WALLA WA 99362
Ellen Rm Boyer director 111 NORTH WALL STREET, SPOKANE WA 99201