Banner Corp., the Walla Walla parent company of Banner Bank and Islanders Bank, announced this week an increase to its regular quarterly cash dividend.
The dividend will increase 25 percent to 15 cents per share, payable Oct. 16 to common shareholders of record as of Oct. 7.
“We are pleased with our year-to-date performance and the continued successful execution of our strategies to deliver sustainable profitability to Banner,” said Banner President and Chief Executive Officer Mark Grescovich in the announcement. “This increase in our cash dividend is a way for us to share this success with our shareholders.”
Banner Corp. will report its third-quarter results after the market closes Oct. 23. A conference call will take place Oct. 24 at 8 a.m. That call will be broadcast live via the internet.