Banner Corp. rises after declaring dividend

Banner Corp. (Nasdaq: BANR) shares are increasing moderately after the bank holding company announced that its board of directors declared its regular quarterly cash dividend of $0.20 per share. The dividend will be paid on April 10 to shareholders of record as of March 31.

After Tuesday’s close, the Walla Walla, Wash.-based company reported that its fourth-quarter net income rose to $12 million, or $0.74 per share, from $7.9 million, or $0.64 per share, a year earlier. Net interest income during the fourth quarter increased to $38.7 million from $33.1 million in the prior year.

In morning trading, BANR shares are up 1.85%, or $0.40, at $21.80. Over the last 52 weeks, shares have ranged from $19.90 to $45.41.

About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau. Read More

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