Banner

Banner Corp. operates as a holding company for Banner Bank. It offers deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. It also provides commercial banking services and financial products to individuals, businesses and public sector entities. The company was founded in 1995 and is headquartered in Walla Walla, WA.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Banner reports strong Q4 earnings, eyes growth amid market challenges

Banner Corporation delivered a strong performance in Q4 2022, with increased net income and revenue from core operations, driven by a strong core deposit base and effective expense control.
The company's strategic initiatives, including margin dynamics and prudent risk management, position it well for future growth despite challenges from credit losses provision and market competition.
Opportunities for further margin expansion, leveraging regional economic drivers, and exploring multifamily activities provide avenues for growth and resilience in the market.
Banner's commitment to ESG initiatives, core dividend increase, and limited exposure in the office portfolio showcase its dedication to sustainable growth and stability.

Banner Corporation excels in Q1 2023, eyes growth amid challenges

Banner Corporation delivered a strong Q1 2023 performance with improved financial metrics and strategic execution. Despite anticipated challenges in deposit flows and margin compression, the company's focus on prudent risk management and client relationships positions it well for growth opportunities.

Banner Corporation reports robust Q2 earnings and strategic growth initiatives

Banner Corporation delivered strong financial performance in Q2 2023, with notable growth in core earnings and revenue.
The company's focus on loan origination opportunities, core deposit growth, and market disruption strategies positions it for future success.
While facing challenges in managing expenses and loan balances, Banner is leveraging its strengths in industry recognition, stable deposit costs, and strategic capital planning.
By capitalizing on opportunities in specialty business lines, market expansion, and potential client shifts, Banner aims to drive growth and enhance shareholder value.

Banner Corporation posts solid Q3 earnings amidst strategic shifts

Banner Corporation delivered strong financial performance in Q3 2023, with robust core earnings and revenue from operations.
While facing challenges in certain loan segments and market conditions, the company maintains a conservative risk profile and strategic focus on growth areas.
Opportunities for margin growth, portfolio expansion, and talent acquisition present avenues for future success and profitability.
Overall, Banner's performance, recognition, and strategic initiatives position it well for continued growth and value creation for shareholders.

Banner Corporation reports strong Q4 earnings, eyes loan growth

Banner Corporation's Q4 2023 performance was robust, driven by core earnings growth and increased equity per share. While facing margin compression and slight delinquency upticks, the company remains focused on expanding loan production and enhancing fee income. Strategic investments in SBA operations present opportunities for future growth.

Banner (BANR) reports solid Q1 earnings amidst economic uncertainties

Banner Corporation's Q1 2024 earnings call highlighted strong financial performance, solid credit metrics, and strategic focus on core operations. The company is navigating challenges from lower interest income and economic uncertainties while exploring opportunities for capital deployment and growth.

Banner Corporation excels in Q2 earnings amidst strategic challenges

Banner Corporation delivered a robust Q2 performance with solid earnings and a well-managed loan portfolio.
While challenges like deposit trends and margin stabilization exist, opportunities in M&A and operational efficiency are within reach.
Management's strategic focus on financial stability and growth positions Banner well for future success in a dynamic market environment.

Banner reports robust Q3 earnings amidst credit quality challenges

Banner Corporation delivered solid financial performance in Q3 2024, with notable growth in core earnings, revenue, and dividends, reflecting operational strength.
While facing challenges in credit quality metrics, the company's strong liquidity, capital position, and market recognition provide a foundation for future growth.
Opportunities lie in leveraging the company's financial stability, customer trust, and strategic positioning to drive further expansion and value creation.

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Banner Corp. operates as a holding company. Through its subsidiary, it provides commercial banking services and financial products. The company was founded in 1995 and is headquartered in Walla Walla, WA.

Banner Corporation's stock has surged 49% since June 2023, outperforming the S&P 500 by 16%, but is now slightly overvalued. Q3 2024 results showed mixed outcomes: GAAP EPS exceeded expectations, while revenues fell short, suggesting a hold rating is more appropriate. Banner's low-cost deposits and high-yield adjustable loans position it well, but rapid Fed rate cuts could pose risks to commercial loans.

Banner Corporation: A Solid Quarter But No Longer A Buy (Rating Downgrade)

Banner Corporation (NASDAQ:BANR ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Mark Grescovich - President and Chief Executive Officer Rich Arnold - Head of Investor Relations Rob Butterfield - Chief Financial Officer Jill Rice - Chief Credit Officer Conference Call Participants Andrew Terrell - Stephens, Inc Jeff Rulis - D.A. Davidson David Feaster - Raymond James Andrew Liesch - Piper Sandler Kelly Motta - KBW Timothy Coffey - Janney Montgomery Scott Operator Good morning or good afternoon, all, welcome to the Banner Corporation Third Quarter 2024 Conference Call and Webcast.

Banner Corporation (BANR) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Banner (BANR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Banner (BANR) Q3 Earnings: A Look at Key Metrics

Banner (BANR) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.43 per share a year ago.

Banner (BANR) Surpasses Q3 Earnings and Revenue Estimates

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $45.2 million, or $1.30 per diluted share, for the third quarter of 2024, compared to $39.8 million, or $1.15 per diluted share, for the preceding quarter and $45.9 million, or $1.33 per diluted share, for the third quarter of 2023. Net interest income was $135.7 million in the third quarter of 2024, compared to $132.5 million in the preceding quarte.

Banner Corporation Reports Net Income of $45.2 Million, or $1.30 Per Diluted Share, for Third Quarter 2024; Declares Quarterly Cash Dividend of $0.48 Per Share

Evaluate the expected performance of Banner (BANR) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Stay Ahead of the Game With Banner (BANR) Q3 Earnings: Wall Street's Insights on Key Metrics

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its third quarter results after the market closes on Wednesday, October 16, 2024. Management will host a conference call on Thursday, October 17, 2024, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment.

Banner Corporation Announces Third Quarter 2024 Conference Call and Webcast

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Company”), the parent company of Banner Bank, today announced that its Board of Directors has authorized the repurchase of up to 1,722,787 shares of the Company's common stock, which is approximately 5% of its issued and outstanding common stock. “We believe our stock offers an attractive investment and repurchasing stock is a means for building long-term shareholder value,” said Mark J. Grescovich, President and Chief Exe.

Banner Corporation Announces Stock Repurchase Program

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This Sealed Air Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Banner Corporation (NASDAQ:BANR ) Q2 2024 Earnings Conference Call July 18, 2024 11:00 AM ET Company Participants Mark Grescovich - President and Chief Executive Officer Rich Arnold - Head of Investor Relations Rob Butterfield - Chief Financial Officer Jill Rice - Chief Credit Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Andrew Terrell - Stephens, Inc. Kelly Motta - KBW Operator Hello, all, and welcome to Banner Corporation's Second Quarter 2024 Conference Call and Webcast. My name is Lydia, and I'll be your operator today.

Banner Corporation (BANR) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Banner (BANR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Banner (BANR) Q2 Earnings

Banner (BANR) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.32 per share a year ago.

Banner (BANR) Tops Q2 Earnings and Revenue Estimates

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $39.8 million, or $1.15 per diluted share, for the second quarter of 2024, compared to $37.6 million, or $1.09 per diluted share, for the preceding quarter and $39.6 million, or $1.15 per diluted share, for the second quarter of 2023. Net interest income was $132.5 million in the second quarter of 2024, compared to $133.0 million in the preceding qua.

Banner Corporation Reports Net Income of $39.8 Million, or $1.15 Per Diluted Share, for Second Quarter 2024; Declares Quarterly Cash Dividend of $0.48 Per Share

Evaluate the expected performance of Banner (BANR) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About Banner (BANR) Q2 Earnings

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today announced that Kroll Bond Rating Agency, LLC (KBRA) affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Banner Corporation. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for th.

KBRA Affirms Ratings for Banner Corporation

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its second quarter results after the market closes on Wednesday, July 17, 2024. Management will host a conference call on Thursday, July 18, 2024, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment prof.

Banner Corporation Announces Second Quarter 2024 Conference Call and Webcast

Banner (BANR) is likely to benefit from its strategic initiatives, decent loan demand, high rates and strong liquidity. These make the stock an attractive pick for investors.

Here's Why Banner (BANR) Stock is Worth Betting on Right Now

WALLA WALLA, Wash.--(BUSINESS WIRE)--Jim Garcia, EVP and Chief Audit Executive, will retire July 15, 2024 and Scott Newman has been hired as the next Chief Audit Executive.

Chief Audit Executive Garcia to Retire; Newman Hired as Replacement

WALLA WALLA, Wash.--(BUSINESS WIRE)--Forbes has named Banner Bank one of the 100 Best Banks in America for the eighth consecutive year. “Being ranked among the top 100 banks in America for eight straight years is meaningful,” said Banner Bank President and CEO Mark Grescovich. “This recognition is a direct reflection of our exceptional employees and their unwavering commitment to ‘do the right thing' for our clients, the community and one-another.” To create its 2024 list, Forbes considered 10.

Banner Again Named One of the 100 Best Banks in America

WALLA WALLA, Wash.--(BUSINESS WIRE)--The Banner Bank executive leadership team is pleased to announce Executive Vice President Jim Costa has been promoted to Chief Operating Officer in addition to his role as Chief Risk Officer. “Our company is healthy, strong and planning for the future so we're adding the COO role to our executive team now to realign some aspects of our reporting structure so we can prepare for continuing growth while maintaining our moderate risk profile,” said Mark J. Gresc.

Chief Risk Officer Jim Costa Promoted to Expanded Role Including Chief Operating Officer

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR), (“Banner” or the “Company”), the parent company of Banner Bank, today announced that shareholders approved all proposals and re-elected all director nominees at its 2024 Annual Meeting of Shareholders held virtually on May 22, 2024. About the Company Banner Corporation is a $15.52 billion bank holding company operating one commercial bank in four Western states through a network of branches offering a full range of deposit.

Banner Corporation Announces Results of Annual Meeting, Shareholders Approve All Proposals and Confirm All Nominated Directors to Board

Banner Corporation (NASDAQ:BANR ) Q1 2024 Earnings Call Transcript April 18, 2024 11:00 AM ET Company Participants Mark Grescovich - President and CEO Rich Arnold - Head of IR Jill Rice - CCO Rob Butterfield - CFO Conference Call Participants Andrew Liesch - Piper Sandler Andrew Terrell - Stephens, Inc. David Feaster - Raymond James Kelly Motta - KBW Timothy Coffey - Janney Montgomery Scott Operator Hello, all, and welcome to Banner Corporation's First Quarter 2024 Conference Call and Webcast. My name is Lydia and I'll be your operator today.

Banner Corporation (BANR) Q1 2024 Earnings Call Transcript

The headline numbers for Banner (BANR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Banner (BANR) Q1 Earnings

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ:BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $37.6 million, or $1.09 per diluted share, for the first quarter of 2024, compared to $42.6 million, or $1.24 per diluted share, for the preceding quarter and $55.6 million, or $1.61 per diluted share, for the first quarter of 2023. Net interest income was $133.0 million in the first quarter of 2024, compared to $138.4 million in the preceding quarter.

Banner Corporation Reports Net Income of $37.6 Million, or $1.09 Per Diluted Share, for First Quarter 2024; Declares Quarterly Cash Dividend of $0.48 Per Share

WALLA WALLA, Wash.--(BUSINESS WIRE)--Newsweek has selected Banner Bank as one of America's Most Trustworthy Companies 2024, ranking Banner 3rd among the 27 banks and credit unions that made the cut. This prestigious list is compiled by Newsweek, in collaboration with market research partner Statista Inc., the world-leading statistics portal and industry ranking provider. “Trust is everything in our business so being selected as one of the most trustworthy companies in the nation is a tremendous.

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