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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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.

Although the revenue and EPS for Banner (BANR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Banner (BANR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Banner (BANR) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.25 per share a year ago.

Banner (BANR) Lags Q2 Earnings and Revenue Estimates

WALLA WALLA, Wash., July 19, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $39.6 million, or $1.15 per diluted share, for the second quarter of 2023, a 29% decrease compared to $55.6 million, or $1.61 per diluted share, for the preceding quarter and a 17% decrease compared to $48.0 million, or $1.39 per diluted share, for the second quarter of 2022. Net interest income was $142.5 million in the second quarter of 2023, compared to $153.3 million in the preceding quarter and $129.0 million in the second quarter a year ago. The decrease in net interest income compared to the preceding quarter reflects an increase in funding costs, while the increase from the prior year quarter reflects an increase in yields on earning assets. Banner's second quarter 2023 results include $6.8 million in provision for credit losses, compared to $524,000 recapture of provision for credit losses in the preceding quarter and $4.5 million in provision for credit losses in the second quarter of 2022. In addition, the second quarter of 2022 included a $7.8 million gain related to the sale of four branches. For the six months ended June 30, 2023, net income increased 4% to $95.1 million, or $2.76 per diluted share, compared to net income of $91.9 million, or $2.66 per diluted share for the prior year. Banner's results for the first six months of 2023 include $6.2 million in provision for credit losses, compared to $2.4 million in recapture of provision for credit losses in 2022.

Banner Corporation Reports Net Income of $39.6 Million, or $1.15 Per Diluted Share, for Second Quarter 2023; Declares Quarterly Cash Dividend of $0.48 Per Share

WALLA WALLA, Wash., June 30, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: 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 19, 2023. Management will host a conference call on Thursday, July 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 Second Quarter 2023 Conference Call and Webcast

Banner Corporation, a small regional bank, is considered a buy due to its quality deposits, high net interest margin, and undervaluation. The bank has managed to keep deposit costs low and increase asset yield, resulting in a net interest margin well above its peers. However, risks include potential instability in the banking sector, challenges in hedging against falling interest rates, and incorrect assessment of 2023 EPS.

Banner Corporation: Disappointing Past, Promising Future

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Banner Corporation (BANR) Q1 2023 Earnings Call Transcript.

Banner Corporation (BANR) Q1 2023 Earnings Call Transcript

Banner (BANR) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.33 per share a year ago.

Banner (BANR) Q1 Earnings Beat Estimates

WALLA WALLA, Wash., April 19, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $55.6 million, or $1.61 per diluted share, for the first quarter of 2023, a 2% increase compared to $54.4 million, or $1.58 per diluted share, for the preceding quarter and a 26% increase compared to $44.0 million, or $1.27 per diluted share, for the first quarter of 2022.

Banner Corporation Reports Net Income of $55.6 Million, or $1.61 Per Diluted Share, for First Quarter 2023; Declares Quarterly Cash Dividend of $0.48 Per Share

Banner (BANR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Banner (BANR) Reports Next Week: Wall Street Expects Earnings Growth

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

Banner (BANR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Banner (BANR) Rating Upgrade to Buy

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

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

Here is how Banner (BANR) and BancFirst (BANF) have performed compared to their sector so far this year.

News for Banner Stock (BANR)