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.

Earnings data Q1 2023

Earnings data Q2 2023

Banner Corp. is a holding company, which engages in the provision of commercial banking services and financial products. The company was founded in 1995 and is headquartered in Walla Walla, WA.

WALLA WALLA, Wash., March 31, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner” or the “Company”), the parent company of Banner Bank, today announced that Peter J. Conner has informed the Company of his intention to retire from his position as Executive Vice President and Chief Financial Officer of the Company, effective October 10, 2023. He will also be retiring from his position as Executive Vice President and Chief Financial Officer of Banner Bank, effective April 10, 2023. Effective April 11, 2023, Robert G. Butterfield, currently Senior Vice President and Chief Accounting Officer of Banner Bank, will be promoted to Executive Vice President of the Bank, will succeed Mr. Conner in the position of Chief Financial Officer of the Bank and will become a member of the Bank's Executive Management Committee. To ensure a smooth transition, Mr. Butterfield will continue to report to Mr. Conner.

Banner Corporation Announces CFO Transition Plan

WALLA WALLA, Wash., March 31, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its first quarter results after the market closes on Wednesday, April 19, 2023. Management will host a conference call on Thursday, April 20, 2023, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. The call will also be broadcast live via the internet.

Banner Corporation Announces First Quarter 2023 Conference Call and Webcast

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Banner Corporation (NASDAQ:BANR ) Q4 2022 Earnings Conference Call January 20, 2023 11:00 AM ET Company Participants Mark Grescovich - President and Chief Executive Officer Rich Arnold - Head of Investor Relations Jill Rice - Chief Credit Officer Peter Conner - Chief Financial Officer Conference Call Participants Jeff Rulis - D.A. Davidson David Feaster - Raymond James Andrew Liesch - Piper Sandler Andrew Terrell - Stephens Kelly Motta - KBW Tim Coffey - Janney Montgomery & Scott Operator Hello, everyone, and welcome to today's conference, Banner Corporation Fourth Quarter 2022 Conference Call and Webcast.

Banner Corporation (BANR) Q4 2022 Earnings Call Transcript

Banner (BANR) delivered earnings and revenue surprises of 7.69% and 2.94%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Q4 Earnings and Revenues Beat Estimates

WALLA WALLA, Wash., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $54.4 million, or $1.58 per diluted share, for the fourth quarter of 2022, an 11% increase compared to $49.1 million, or $1.43 per diluted share, for the preceding quarter and a 9% increase compared to $49.9 million, or $1.44 per diluted share, for the fourth quarter of 2021. Banner's fourth quarter 2022 results include $6.7 million of provision for credit losses, compared to $6.1 million of provision for credit losses in the preceding quarter and $5.2 million in recapture of provision for credit losses in the fourth quarter of 2021. In addition, the current quarter included an accrual of $3.5 million of legal expense in relation to a potential settlement of a pending litigation matter. For the year ended December 31, 2022, net income decreased 3% to $195.4 million, or $5.67 per diluted share, compared to net income of $201.0 million, or $5.76 per diluted share for the prior year. Full year 2022 results include $10.4 million in provision for credit losses, compared to $33.4 million in recapture of provision for credit losses in 2021. In addition, Banner recognized a $7.8 million gain related to the branch sale completed during the second quarter of 2022.

Banner Corporation Reports Net Income of $54.4 Million, or $1.58 Per Diluted Share, for Fourth Quarter 2022; Earns $195.4 Million in Net Income, or $5.67 Per Diluted Share, for 2022; Declares Increased Quarterly Cash Dividend of $0.48 Per Share

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WALLA WALLA, Wash., Dec. 30, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its fourth quarter results after the market closes on Thursday, January 19, 2023. Management will host a conference call on Friday, January 20, 2023, at 8:00 a.m. PST (11:00 a.m. EST) to discuss the results. The call will also be broadcast live via the internet.

Banner Corporation Announces Fourth Quarter 2022 Conference Call and Webcast

WALLA WALLA, Wash., Dec. 23, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) the parent company of Banner Bank, today announced that the Bank has published its inaugural Environmental, Social and Governance (“ESG”) Highlights Report.

Banner Bank Releases Inaugural Environmental, Social and Governance Highlights Report

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Banner Corporation (NASDAQ:BANR ) Q3, 2022 Earnings Call October 20, 2022 ET Company Participants Rich Arnold - Head of Investor Relations Mark Grescovich - President and Chief Executive Officer Peter Conner - Executive Vice President and Chief Financial Officer Jill Rice - Executive Vice President and Chief Credit Officer Conference Call Participants Jeff Rulis - D.A. Davidson Andrew Liesch - Piper Sandler Andrew Terrel - Stephens Inc Kelly Motta - KBW David Feaster - Raymond James Operator Good morning or good afternoon.

Banner Corporation (BANR) Q3 2022 Earnings call Transcript

Banner (BANR) delivered earnings and revenue surprises of 4.41% and 4.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Q3 Earnings and Revenues Beat Estimates

WALLA WALLA, Wash., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $49.1 million, or $1.43 per diluted share, for the third quarter of 2022, a 2% increase compared to $48.0 million, or $1.39 per diluted share, for the preceding quarter and a 2% decrease compared to $49.9 million, or $1.44 per diluted share, for the third quarter of 2021. Banner's third quarter 2022 results include $6.1 million of provision for credit losses, compared to $4.5 million of provision for credit losses in the preceding quarter and $8.6 million in recapture of provision for credit losses in the third quarter of 2021. In addition, Banner recognized a $7.8 million gain related to the branch sale completed during the preceding quarter. For the first nine months of 2022, net income was $141.0 million, or $4.09 per diluted share, compared to net income of $151.1 million, or $4.32 per diluted share for the same period a year earlier. Banner's first nine months of 2022 results include $3.7 million in provision for credit losses, compared to $28.1 million in recapture of provision for credit losses in the first nine months of 2021.

Banner Corporation Reports Net Income of $49.1 Million, or $1.43 Per Diluted Share, for Third Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

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Analysts Estimate Banner (BANR) to Report a Decline in Earnings: What to Look Out for

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WALLA WALLA, Wash., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: 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 19, 2022. Management will host a conference call on Thursday, October 20, 2022, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. The call will also be broadcast live via the internet.

Banner Corporation Announces Third Quarter 2022 Conference Call and Webcast

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Banner Corporation (NASDAQ:BANR ) Q2 2022 Earnings Conference Call July 21, 2022 11:00 AM ET Company Participants Mark Grescovich - President and CEO Peter Conner - CFO Jill Rice - Chief Credit Officer Rich Arnold - Head of IR Conference Call Participants Andrew Liesch - Piper Sandler Jeff Rulis - D.A. Davidson Tim Coffey - Janney Kelly Motta – KBW Operator Thank you all, and welcome to Banner Corporation Second Quarter 2022 Conference Call and Webcast.

Banner Corporation (BANR) CEO Mark Grescovich on Q2 2022 Results - Earnings Call Transcript

Banner (BANR) delivered earnings and revenue surprises of 3.31% and 9.28%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Beats Q2 Earnings and Revenue Estimates

WALLA WALLA, Wash., July 20, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $48.0 million, or $1.39 per diluted share, for the second quarter of 2022, a 9% increase compared to $44.0 million, or $1.27 per diluted share, for the preceding quarter and a 12% decrease compared to $54.4 million, or $1.56 per diluted share, for the second quarter of 2021. Banner's second quarter 2022 results include $4.5 million of provision for credit losses, compared to $7.0 million in recapture of provision for credit losses in the preceding quarter and $10.3 million in recapture of provision for credit losses in the second quarter of 2021.   In addition, during the second quarter of 2022 Banner recognized a $7.8 million gain related to the recently completed branch sale. In the first six months of 2022, net income was $91.9 million, or $2.66 per diluted share, compared to net income of $101.2 million, or $2.88 per diluted share for the same period a year earlier. Banner's first six months of 2022 results include $2.4 million in recapture of provision for credit losses, compared to $19.5 million in recapture of provision for credit losses in the first six months of 2021.

Banner Corporation Reports Net Income of $48.0 Million, or $1.39 Per Diluted Share, for Second Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

Earnings Preview: Banner (BANR) Q2 Earnings Expected to Decline

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News for Banner Stock (BANR)