latest news releases from the newsroom
Banner Corporation Reports Third Quarter Profits of $10 Million; Loans Increase 25 Percent and Deposits Increase 31 Percent
WALLA WALLA, Wash., Oct. 25, 2007 (PRIME NEWSWIRE) -- Banner Corporation (Nasdaq:BANR), the parent company of Banner Bank and Islanders Bank, today reported that substantial loan and deposit growth, both internal and through acquisition, as well as a substantial net change in the value of financial instruments carried at fair value, contributed to higher third quarter profits. In the quarter ended September 30, 2007, net income was $10.0 million, or $0.64 per diluted share, compared to $8.0 million, or $0.65 per diluted share, in the third quarter of 2006. For the first nine months of this year, net income increased 3% to $24.9 million, or $1.73 per diluted share, compared to $24.2 million, or $1.98 per diluted share, in the first nine months of 2006.
Jefferson Bancshares, Inc.
Jefferson Bancshares, Inc. Announces 50 Percent Increase in Earnings for the Quarter Ended September 30, 2007
MORRISTOWN, Tenn., Oct. 25, 2007 (PRIME NEWSWIRE) -- Jefferson Bancshares, Inc. (Nasdaq:JFBI), the holding company for Jefferson Federal Bank, announced net income of $434,000, or $0.07 per diluted share, for the quarter ended September 30, 2007, an increase of 49.7% over net income of $290,000, or $0.05 per diluted share, for the quarter ended September 30, 2006. The increase in net income for the three-month period ended September 30, 2007 was the result of an increase in net interest income and noninterest income combined with a decrease in noninterest expense. Return on average assets and return on average equity for the three months ended September 30, 2007 were 0.52% and 2.35%, respectively, compared to 0.35% and 1.55% for the corresponding period in 2006.
Tyson Foods, Inc.
International Spirit at Work Award Given to Tyson Foods
ATLANTA, Oct. 25, 2007 (PRIME NEWSWIRE) -- Each week 120 chaplains walk through the food production plants and offices of Tyson Foods, Inc. (NYSE:TSN), where they listen to, encourage and sometimes pray with some of the more 104,000 Team Members employed by the company.